# EDGAR Filing Document

**Accession Number:** 0001424212
**File Stem:** 0000940400-26-025150
**Filing Date:** 2026-6
**Character Count:** 436317
**Document Hash:** cf6566a189deb1485af571e916555a48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025150.hdr.sgml**: 20260623

**ACCESSION NUMBER**: 0000940400-26-025150

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260623

**DATE AS OF CHANGE**: 20260623

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND III
- **CENTRAL INDEX KEY:** 0001424212

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22245
- **FILM NUMBER:** 261110083

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange-Traded Fund III
- **DATE OF NAME CHANGE:** 20160419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange Traded Fund III
- **DATE OF NAME CHANGE:** 20080116

## Series and Classes Contracts Data

### First Trust Municipal High Income ETF (Series ID: S000051606)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000162358 | First Trust Municipal High Income ETF | FMHI            |

## Nport-Ex

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments**

**April 30, 2026 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal** <br>**Value**<br>| **Description** | **Stated** <br>**Coupon**<br>| **Stated** <br>**Maturity**<br>| **Value** |
| **MUNICIPAL BONDS — 98.6%** | **MUNICIPAL BONDS — 98.6%** | **MUNICIPAL BONDS — 98.6%** | **MUNICIPAL BONDS — 98.6%** | **MUNICIPAL BONDS — 98.6%** |
|  | **Alabama — 3.2%** | **Alabama — 3.2%** | **Alabama — 3.2%** |  |
| $2000000 | &nbsp;&nbsp;&nbsp; Baldwin Cnty AL Indl Dev Auth Sol Wst Disp Rev Var Novelis <br> Corp Proj, Ser A, AMT (Mandatory put 03/01/33) (a) | 4.30% | 03/01/56 | $1961589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | &nbsp;&nbsp;&nbsp; Black Belt Energy Gas Dist AL Gas Proj Rev, Ser C-1 (Mandatory <br> put 06/01/29) | 5.25% | 02/01/53 | 555454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Black Belt Energy Gas Dist AL Gas Proj Rev, Ser F | 5.00% | 06/01/36 | 3094279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1340000 | &nbsp;&nbsp;&nbsp; Black Belt Energy Gas Dist AL Gas Proj Rev, Ser F (Mandatory put <br> 12/01/28) | 5.50% | 11/01/53 | 1401409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Black Belt Energy Gas Dist AL Gas Sply Rev, Ser B (Mandatory <br> put 12/01/30) | 5.25% | 12/01/53 | 1074917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Homewood AL Eductnl Bldg Auth Rev Stdt Hsg & Parking <br> Proj, Ser C | 5.50% | 10/01/49 | 1530528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; Mobile AL Indl Dev Brd Poll Control Rev AL Pwr Barry Plt, <br> 1st Ser (b) | 3.43% | 06/01/34 | 5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Mobile AL Indl Dev Brd Sol Wst Disp Rev Var AL Pwr Barry <br> Plant (b) | 3.28% | 06/01/34 | 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; Mobile Cnty AL Indl Dev Auth Sol Wst Disp Rev AM/NS <br> Calvert LLC Proj, Ser B, AMT | 4.75% | 12/01/54 | 5604656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2425000 | &nbsp;&nbsp;&nbsp; SE Energy Auth AL Cmdy Sply Rev Proj #1, Ser A (Mandatory put <br> 10/01/28) | 4.00% | 11/01/51 | 2453598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | SE Energy Auth Cooperative Dist AL Energy Sply Rev, Ser A | 5.00% | 11/01/35 | 3074443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | Univ of AL at Birmingham Gen Rev Brd of Trustees, Ser B | 3.00% | 10/01/41 | 1475394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; Walker Cnty AL Econ & Indl Dev Auth Sol Wst Disp Rev Var AL <br> Pwr Co Plant Gorgas Proj, AMT (b) | 3.53% | 08/01/63 | 2500000 |
|  |  |  |  | 30726267 |
|  | **American Samoa — 0.1%** | **American Samoa — 0.1%** | **American Samoa — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | AS Econ Dev Auth Gen Rev, Ser B (a) | 5.25% | 09/01/45 | 801791 |
|  | **Arizona — 3.9%** | **Arizona — 3.9%** | **Arizona — 3.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1175000 | AZ Indl Dev Auth Hosp Rev Phoenix Children's Hosp, Ser A | 3.00% | 02/01/45 | 941580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1075000 | AZ St Hlth Facs Auth Var Banner Hlth Rmkt, Ser C (b) | 3.35% | 01/01/46 | 1075000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1790000 | AZ St Indl Dev Auth Edu Rev Acads of Math & Science Proj (a) | 5.00% | 07/01/39 | 1796032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610000 | AZ St Indl Dev Auth Edu Rev Acads of Math & Science Proj (a) | 5.00% | 07/01/49 | 562030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; AZ St Indl Dev Auth Edu Rev Acads of Math & Science Proj, <br>Ser B (a) | 5.00% | 07/01/29 | 1004746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1325000 | &nbsp;&nbsp;&nbsp; AZ St Indl Dev Auth Edu Rev Doral Acdmy NV Fire Mesa & Red <br> Rock Cmps Proj, Ser A | 5.00% | 07/15/39 | 1327328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | AZ St Indl Dev Auth Edu Rev Lone Mountain Cmps Proj, Ser A (a) | 5.00% | 12/15/39 | 401351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | AZ St Indl Dev Auth Edu Rev Lone Mountain Cmps Proj, Ser A (a) | 5.00% | 12/15/49 | 641847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; AZ St Indl Dev Auth Edu Rev Pinecrest Acdmy Horizon Inspirada <br> & St Rose Cmps, Ser A (a) | 5.75% | 07/15/38 | 1252372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | AZ St Indl Dev Auth Edu Rev Ref Basis Sch Projs, Ser D (a) | 5.00% | 07/01/37 | 601555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1670000 | AZ St Indl Dev Auth Edu Rev Ref Basis Schs Projs, Ser A (a) | 5.13% | 07/01/37 | 1670774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2240000 | AZ St Indl Dev Auth Edu Rev Ref Basis Schs Projs, Ser A (a) | 5.25% | 07/01/47 | 2180178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | AZ St Indl Dev Auth Edu Rev Ref Basis Schs Projs, Ser D (a) | 4.00% | 07/01/27 | 548550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365000 | &nbsp;&nbsp;&nbsp; AZ St Indl Dev Auth Edu Rev Ref Doral Acdmy of Northern NV <br> Proj, Ser A (a) | 4.00% | 07/15/33 | 358038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 385000 | &nbsp;&nbsp;&nbsp; AZ St Indl Dev Auth Edu Rev Ref Doral Acdmy of Northern NV <br> Proj, Ser A (a) | 4.00% | 07/15/34 | 373730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp; AZ St Indl Dev Auth Edu Rev Ref Doral Acdmy of Northern NV <br> Proj, Ser A (a) | 4.00% | 07/15/41 | 836534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; AZ St Indl Dev Auth Edu Rev Ref Doral Acdmy of Northern NV <br> Proj, Ser A (a) | 4.00% | 07/15/51 | 1160051 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Arizona (Continued)** | **Arizona (Continued)** | **Arizona (Continued)** |  |
| $1835000 | &nbsp;&nbsp;&nbsp; AZ St Indl Dev Auth Edu Rev Somerset Acdmy of LV Aliante & <br> Skye Canyon Cmps Proj, Ser A (a) | 4.00% | 12/15/41 | $1611933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; AZ St Indl Dev Auth Edu Rev Somerset Acdmy of LV Aliante & <br> Skye Canyon Cmps Proj, Ser A (a) | 4.00% | 12/15/51 | 758399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; AZ St Indl Dev Auth Edu Rev Var Academies of Math & <br> Science Projs, Ser A (Mandatory put 07/01/35) (a) | 4.88% | 07/01/60 | 1288398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Maricopa Cnty AZ Indl Dev Auth Edu Rev Ref Legacy Trad Schs <br> Proj Auth, Ser B (a) | 5.00% | 07/01/39 | 1010745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2035000 | &nbsp;&nbsp;&nbsp; Maricopa Cnty AZ Indl Dev Auth Edu Rev Ref Legacy Trad Schs <br> Proj Auth, Ser B (a) | 5.00% | 07/01/49 | 1906893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | &nbsp;&nbsp;&nbsp; Maricopa Cnty AZ Indl Dev Auth Edu Rev Ref Paradise Schs Projs <br> Paragon Mgmt Inc (a) | 4.00% | 07/01/26 | 259787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Maricopa Cnty AZ Indl Dev Auth Edu Rev Ref Paradise Schs Projs <br> Paragon Mgmt Inc (a) | 5.00% | 07/01/47 | 930307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; Maricopa Cnty Indl Dev Auth Exempt Facs Rev Comml Metals Co <br> Proj, AMT (a) | 4.00% | 10/15/47 | 3461479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Phoenix AZ Indl Dev Auth Edu Rev Ref Basis Schs Projs, Ser A (a) | 5.00% | 07/01/46 | 1909995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Phoenix AZ Indl Dev Auth Edu Rev Ref Fac Legacy Trad Schs <br> Projs (a) | 5.00% | 07/01/45 | 1930899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; Phoenix AZ Indl Dev Auth Stdt Hsg Rev Ref Downtown Phoenix <br> Stdt Hsg LLC AZ St Univ Proj, Ser A | 5.00% | 07/01/27 | 101375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Pima Cnty AZ Indl Dev Auth Sr Living Rev La Posada at Pusch <br> Ridge Proj, Ser A (a) | 6.75% | 11/15/42 | 1079486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Sierra Vista AZ Indl Dev Auth Ed Fac Rev American Leadership <br> Acdmy Proj (a) | 5.00% | 06/15/54 | 1297408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Tempe AZ Indl Dev Auth Rev Friendship Vlg of Tempe Proj, Ser A | 4.38% | 12/01/36 | 1012321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Tempe AZ Indl Dev Auth Rev Friendship Vlg of Tempe Proj, Ser A | 5.38% | 12/01/46 | 1026307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Tempe AZ Indl Dev Auth Rev Friendship Vlg of Tempe Proj, Ser A | 5.63% | 12/01/55 | 1022846 |
|  |  |  |  | 37340274 |
|  | **Arkansas — 0.8%** | **Arkansas — 0.8%** | **Arkansas — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; AR Dev Fin Auth Envrnmntl Rev Sustainable Bond US Steel Corp <br> Proj, AMT | 5.45% | 09/01/52 | 4051368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; AR Dev Fin Auth Envrnmntl Rev Sustainable Bond US Steel Corp <br> Proj, AMT | 5.70% | 05/01/53 | 1024730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; AR St Dev Fin Auth Indl Dev Rev Sustainable Bonds Hybar Steel <br> Proj, Ser A, AMT (a) | 6.88% | 07/01/48 | 2152060 |
|  |  |  |  | 7228158 |
|  | **California — 2.4%** | **California — 2.4%** | **California — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp; CA Cnty CA Tobacco Securitization Agy Tobacco Settle Cap <br> Apprec Stanislaus, Subser A | (c) | 06/01/46 | 1880863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; CA Pub Fin Auth Sr Living Rev Enso Vlg Proj Sustainable <br> Bond, Ser A (a) | 5.00% | 11/15/51 | 224618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | CA Sch Fin Auth Sch Fac Rev Ref Value Schs, Ser A (a) | 5.25% | 07/01/48 | 251790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp; CA St Enterprise Dev Auth Chrt Sch Rev The Rocklin Acdmy <br> Proj (a) | 5.00% | 06/01/54 | 624580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | CA St Hlth Facs Fing Auth Rev El Camino Hosp | 5.00% | 02/01/42 | 2536318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1050000 | &nbsp;&nbsp;&nbsp; CA St Muni Fin Auth Chrt Sch Rev Palmdale Aerospace Acdmy <br> Proj, Ser A (a) | 5.00% | 07/01/38 | 1054976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | CA St Muni Fin Auth Rev CA Baptist Univ, Ser A (a) | 5.00% | 11/01/46 | 1963386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 775000 | CA St Muni Fin Auth Rev Ref CA Baptist Univ, Ser A (a) | 5.38% | 11/01/45 | 799880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205000 | CA St Muni Fin Auth Rev Ref Eisenhower Med Ctr, Ser A | 5.00% | 07/01/32 | 208212 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **California (Continued)** | **California (Continued)** | **California (Continued)** |  |
| $1250000 | CA St Muni Fin Auth Rev Ref HumanGood Oblig Grp, Ser A | 5.00% | 10/01/44 | $1252931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | CA St Muni Fin Auth Spl Fac Rev United Airls Inc Proj, AMT | 4.00% | 07/15/29 | 1006177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | CA St Muni Fin Auth Spl Tax Rev Bold Prog, Ser B | 5.75% | 09/01/53 | 1363787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; CA St Poll Control Fing Auth Wtr Furnishing Rev Plant Bonds, <br> AMT (a) | 5.00% | 07/01/37 | 1251461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp; CA Stwd Cmntys Dev Auth Rev Loma Linda Univ Med Ctr, <br>Ser A (a) | 5.00% | 12/01/33 | 566662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; CA Stwd Cmntys Dev Auth Rev Loma Linda Univ Med Ctr, <br>Ser A (a) | 5.50% | 12/01/58 | 2018978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | CA Stwd Cmntys Dev Auth Rev Ref CA Baptist Univ, Ser A (a) | 5.00% | 11/01/41 | 2006377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; CSCDA Cmnty Impt Auth CA Essential Hsg Rev The Link <br> Glendale Sustainable Bonds, Ser A-2 (a) | 4.00% | 07/01/56 | 1150145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; Morongo Band of Mission Indians CA Rev Ref, Ser B (Pre-<br> refunded maturity 10/01/28) (a) | 5.00% | 10/01/42 | 317697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | Palm Desert CA Spl Tax Ref Univ Park | 4.00% | 09/01/41 | 420927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1615000 | &nbsp;&nbsp;&nbsp; San Luis Obispo Cnty CA Fing Auth Lease Rev Multiple Capital <br> Projs Ref, Ser A | 5.25% | 11/15/42 | 1782586 |
|  |  |  |  | 22682351 |
|  | **Colorado — 5.4%** | **Colorado — 5.4%** | **Colorado — 5.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3250000 | Aerotropolis Regl Tranprtn Auth CO Spl Rev (a) | 5.50% | 12/01/44 | 3338442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Aerotropolis Regl Tranprtn Auth CO Spl Rev (a) | 5.75% | 12/01/54 | 1005120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1110000 | Allison Vly Met Dist #2 CO Ref | 4.70% | 12/01/47 | 1040998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525000 | Brighton Crossing Met Dist #6 CO, Ser A | 5.00% | 12/01/35 | 533061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1125000 | Canyons Met Dist #5 CO Ref Subord, Ser B (d) | 6.50% | 12/15/54 | 1127080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1167000 | CCP Met Dist No 3 CO Ref | 5.00% | 12/01/53 | 1147776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; CO St Hlth Facs Auth Rev Ref Christian Living Neighborhoods <br> Proj | 5.00% | 01/01/31 | 500791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp; CO St Hlth Facs Auth Rev Ref Christian Living Neighborhoods <br> Proj | 5.00% | 01/01/37 | 1402214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | CO St Hlth Facs Auth Rev Ref Commonspirit Hlth, Ser A-1 | 4.00% | 08/01/39 | 932397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1275000 | &nbsp;&nbsp;&nbsp; CO St Hlth Facs Auth Rev Ref Frasier Meadows Retmnt Cmnty <br> Proj, Ser A | 5.25% | 05/15/30 | 1297362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670000 | CO St Hlth Facs Auth Rev Ref Frasier Proj, Ser 2023A | 4.00% | 05/15/35 | 672294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1125000 | CO St Hlth Facs Auth Rev Ref Frasier Proj, Ser 2023A | 4.00% | 05/15/41 | 1073963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | CO St Hlth Facs Auth Rev Ref Frasier Proj, Ser 2023A | 4.00% | 05/15/48 | 432408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | CO St Hlth Facs Auth Rev Ref, Ser A | 5.25% | 05/15/48 | 1019370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325773 | &nbsp;&nbsp;&nbsp; CO St Hlth Facs Auth Rev Sr Living Ralston Creek Arvada <br> Proj, Ser A (d) (e) | 5.25% | 11/01/32 | 9773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; CO St Hlth Facs Auth Rev Var Intermountain Hlthcare, <br>Ser E (b) | 3.25% | 05/15/62 | 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1120000 | Denver City & Cnty CO Arpt Rev Ref, Ser D, AMT | 5.75% | 11/15/40 | 1248616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Denver City & Cnty CO Arpt Rev Ref, Ser D, AMT | 5.75% | 11/15/45 | 1194076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1220000 | Denver City & Cnty CO Arpt Rev, Ser A, AMT | 5.00% | 11/15/41 | 1293811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Denver CO Intl Busn Ctr CO Met Dist #1 Subord, Ser B | 6.00% | 12/01/48 | 501498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp; Elbert & Hwy 86 CO Comml Spl Rev & Tax Supported Ref Sr <br> Bonds, Ser A (a) | 5.00% | 12/01/41 | 1717498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1510000 | &nbsp;&nbsp;&nbsp; Elbert & Hwy 86 CO Comml Spl Rev & Tax Supported Ref Sr <br> Bonds, Ser A (a) | 5.00% | 12/01/51 | 1419636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Grandview Reserve Met Dist #3 CO Sr Bonds, Ser A (d) | 6.25% | 12/01/52 | 1004505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575000 | Jefferson Ctr CO Met Dist #1 Spl Rev, Ser A-2 | 4.13% | 12/01/40 | 550193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Kinston Met Dist CO #5 Ref Sr, Ser A (a) | 5.50% | 12/01/45 | 512788 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Colorado (Continued)** | **Colorado (Continued)** | **Colorado (Continued)** |  |
| $1000000 | Lanterns Met Dist #3 CO, Ser A-1 | 7.25% | 12/01/53 | $1038272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Meridian Ranch Met Dist 2018 Subdistrict CO | 6.75% | 12/01/52 | 1026494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 905000 | Mountain Brook Met Dist CO | 4.50% | 12/01/41 | 789843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1145000 | Newlin Crossing Met Dist CO, Ser A (a) | 5.38% | 12/01/54 | 1148104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; Palisade CO Met Dist #2 Ltd Tax Ref Convertible Sub, Ser B, <br> CABS, steps up to 5.88% on 12/15/26 (a) (f) | 0.00% | 12/15/54 | 2473157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Peak Met Dist #1 CO, Ser A (a) | 5.00% | 12/01/41 | 943427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2470000 | &nbsp;&nbsp;&nbsp; Pinon Pines Met Dist #3 CO Conv, CABS, steps up to 5.88% on <br> 12/01/27 (f) | 0.00% | 12/01/54 | 2291619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975000 | Poudre Heights Vly Met Dist CO, Ser A (a) | 5.50% | 12/01/54 | 928518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Prairie Ctr CO Met Dist #3 Ltd Property Tax Supported Pri Ref, <br>Ser A (a) | 5.00% | 12/15/41 | 1502182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3550000 | Red Barn Met Dist CO Ref, Ser A | 5.50% | 12/01/55 | 3578454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | Sterling Ranch Cmnty Auth Brd CO Supported Rev Ref Sr, Ser A | 6.13% | 12/01/39 | 574336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Sugar Creek Pub Impt Auth CO, Ser A (a) | 6.00% | 12/01/55 | 1517418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2820000 | Sunset Parks Met Dist CO, Ser A (a) | 5.13% | 12/01/54 | 2770144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | Thompson Crossing Met Dist #4 CO Ref | 5.00% | 12/01/39 | 905190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Vlg Met Dist CO, Ser A | 5.75% | 12/01/55 | 1214413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | W Meadow Met Dist CO Ref Sr Bonds, Ser A (a) | 6.00% | 12/01/38 | 729855 |
|  |  |  |  | 51407096 |
|  | **Connecticut — 0.9%** | **Connecticut — 0.9%** | **Connecticut — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | CT St Hlth & Eductnl Facs Auth Rev Hartford Hlthcare Corp, Ser A | 5.00% | 07/01/46 | 2100390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | CT St Hlth & Eductnl Facs Auth Rev Hartford Hlthcare, Ser A | 4.00% | 07/01/37 | 803131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; CT St Hlth & Eductnl Facs Auth Rev Sustainable Bonds Goodwin <br> Univ Obligated Grp, Ser A1 | 5.00% | 07/01/44 | 2467944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Stamford CT Hsg Auth Ref Mozaic Concierge Living Proj, Ser A | 6.38% | 10/01/45 | 1056985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2200000 | Stamford CT Hsg Auth Ref Mozaic Concierge Living Proj, Ser A | 6.50% | 10/01/55 | 2275413 |
|  |  |  |  | 8703863 |
|  | **Delaware — 0.4%** | **Delaware — 0.4%** | **Delaware — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 780000 | Bridgeville DE Spl Oblig Heritage Shores Spl Dev Dist (a) | 5.25% | 07/01/44 | 784634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3140000 | DE St Hlth Facs Auth Rev Beebe Med Ctr, BAM | 5.00% | 06/01/48 | 3153518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214000 | Millsboro DE Spl Oblig Ref Plantation Lakes Spl Dev Dist (a) | 5.00% | 07/01/28 | 217055 |
|  |  |  |  | 4155207 |
|  | **District of Columbia — 0.6%** | **District of Columbia — 0.6%** | **District of Columbia — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1470000 | Met WA DC Arpts Auth Arpt Sys Rev Ref, Ser A, AMT | 5.00% | 10/01/42 | 1558386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1450000 | Met WA DC Arpts Auth Arpt Sys Rev Ref, Ser A, AMT | 5.25% | 10/01/43 | 1544476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Met WA DC Arpts Auth Arpt Sys Rev Ref, Ser A, AMT | 5.50% | 10/01/45 | 2195797 |
|  |  |  |  | 5298659 |
|  | **Florida — 15.7%** | **Florida — 15.7%** | **Florida — 15.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Acacia Fields CDD FL Spl Assmnt 2026 Proj | 5.70% | 06/15/56 | 746497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 705000 | &nbsp;&nbsp;&nbsp; Alachua Cnty FL Hlth Facs Auth CCRC Ref Oak Hammock at the <br> Univ of FL Inc Proj | 4.00% | 10/01/40 | 673907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; Ave Maria FL Stewardship Cmnty Dist Capital Impt Rev Maple <br> Ridge Phase 4 Proj (a) | 4.30% | 05/01/42 | 95288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1655000 | &nbsp;&nbsp;&nbsp; Ave Maria FL Stewardship Cmnty Dist Capital Impt Rev Maple <br> Ridge Phase 4 Proj (a) | 4.45% | 05/01/52 | 1455723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2380000 | &nbsp;&nbsp;&nbsp; Ave Maria FL Stewardship Cmnty Dist Capital Impt Rev Phase 4 <br> Master Impt Proj (a) | 5.25% | 05/01/43 | 2449441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; Babcock Ranch Cmnty Indep Spl Dist FL Spl Assmnt Rev Proj, <br>Ser 2021 | 4.00% | 05/01/52 | 490651 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Florida (Continued)** | **Florida (Continued)** | **Florida (Continued)** |  |
| $290000 | &nbsp;&nbsp;&nbsp; Babcock Ranch Cmnty Indep Spl Dist FL Spl Assmnt Rev Proj, <br>Ser 2022 | 5.00% | 05/01/42 | $294761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; Babcock Ranch Cmnty Indep Spl Dist FL Spl Assmnt Rev Proj, <br>Ser 2022 | 5.00% | 05/01/53 | 2862055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Berry Bay CDD FL Spl Assmnt Rev Assmnt Area One | 3.63% | 05/01/41 | 861698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Berry Bay II CDD FL Spl Assmnt Proj, Ser 2024 | 5.20% | 05/01/44 | 502767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Bexley CDD FL Spl Assmnt Rev | 4.88% | 05/01/47 | 1951797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Braddock Lakes CDD FL Capital Impt Rev | 5.55% | 05/01/45 | 1009964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1710000 | Bridgewater N Cmnty Dev Dist FL Capital Impt Rev | 4.00% | 05/01/42 | 1529640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1745000 | Brightshore CDD FL Capital Impt Rev | 5.30% | 05/01/46 | 1717882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Buckhead Trails II CDD FL Spl Assmnt Proj, Ser 2026 | 5.50% | 05/01/46 | 504659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1985000 | &nbsp;&nbsp;&nbsp; Capital Projs Fin Auth FL Eductnl Facs Rev Ref Navigator Acdmy <br> of Leadership Obligated Grp Proj (a) | 5.00% | 06/15/44 | 1928696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp; Capital Projs Fin Auth FL Eductnl Facs Rev Ref Navigator Acdmy <br> of Leadership Obligated Grp Proj (a) | 5.00% | 06/15/54 | 1547469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp; Capital Trust Agy FL Eductnl Facs Rev Academir Chrt Schs Inc <br> Proj, Ser A (a) | 4.00% | 07/01/51 | 404615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1070000 | &nbsp;&nbsp;&nbsp; Capital Trust Agy FL Eductnl Facs Rev Liza Jackson Preparatory <br> Sch Inc Proj, Ser A | 5.00% | 08/01/40 | 1076492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp; Capital Trust Auth FL Eductnl Facs Rev FL Institute of Technology <br> Proj, Ser A (a) | 5.00% | 07/01/45 | 2716874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Capital Trust Auth FL Eductnl Facs Rev FL Institute of Technology <br> Proj, Ser A (a) | 5.25% | 07/01/50 | 978033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Capital Trust Auth FL Eductnl Facs Rev The Classical Acdmy of <br> Sarasota Proj (a) | 6.13% | 07/01/55 | 1501345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Celebration Pointe Cmnty Dev Dist No 1 FL Spl Assmnt <br> Rev (d) (e) | 4.00% | 05/01/53 | 800000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Charlotte Cnty FL Indl Dev Auth Util Sys Rev Town & Country <br> Utils Proj (a) | 5.00% | 10/01/34 | 1013308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4750000 | &nbsp;&nbsp;&nbsp; Charlotte Cnty FL Indl Dev Auth Util Sys Rev Town & Country <br> Utils Proj, Ser A, AMT (a) | 4.00% | 10/01/51 | 3870221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485000 | Coco Palms FL CDD Spl Assmnt | 4.50% | 05/01/32 | 486648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Coco Palms FL CDD Spl Assmnt | 5.00% | 05/01/46 | 990234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Connerton E CDD FL Spl Assmnt Area One | 5.25% | 06/15/43 | 1561399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Connerton E CDD FL Spl Assmnt Area Two | 5.63% | 06/15/55 | 756541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435000 | Crossings CDD FL Spl Assmnt Area Two | 5.60% | 05/01/54 | 433899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Crosswinds E CDD FL Spl Assmnt Area One Proj | 5.50% | 05/01/44 | 1028065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Crosswinds E CDD FL Spl Assmnt Area One Proj | 5.75% | 05/01/54 | 1517429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | Cypress Bluff CDD FL Spl Assmnt Del Web Proj, Ser A (a) | 3.63% | 05/01/40 | 560892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1640000 | Eden Hills Cmnty Dev Dist FL Spl Assmnt | 4.00% | 05/01/42 | 1553834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1765000 | Edgewater E CDD FL Spl Assmnt Rev Assmnt Area One | 4.00% | 05/01/51 | 1429012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2630000 | Edgewater E CDD FL Spl Assmnt Rev Assmnt Area Two | 4.00% | 05/01/52 | 2109602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3040000 | Epperson N CDD FL Capital Impt Rev Assmnt Area #2 | 4.00% | 05/01/51 | 2523205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 590000 | Epperson N CDD FL Capital Impt Rev Assmnt Area 1, Ser A-1 (a) | 5.00% | 11/01/29 | 602605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995000 | Epperson N CDD FL Capital Impt Rev Assmnt Area 1, Ser A-1 (a) | 5.50% | 11/01/39 | 1025336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | Fallschase Cmnty Dev Dist FL Spl Assmnt | 3.38% | 05/01/41 | 1081534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; FL Dev Fin Corp Hlthcare Facs Rev Tampa General Hosp Proj, <br>Ser A | 5.00% | 08/01/47 | 1297801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; FL Loc Govt Fin Commn Sr Living Rev Fleet Landing at Nocatee <br> Proj, Ser A (a) | 6.63% | 11/15/45 | 1068562 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Florida (Continued)** | **Florida (Continued)** | **Florida (Continued)** |  |
| $1000000 | &nbsp;&nbsp;&nbsp; FL St Dev Fin Corp Sol Wst Disp Rev Var GFL Solid Wst SE LLC <br> Proj, Ser A, AMT (Mandatory put 10/01/31) (a) | 4.38% | 10/01/54 | $1006024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; FL St Dev Fin Corp Sol Wst Disp Rev Wst Pro USA Inc Proj <br> Remk, AMT (a) | 4.50% | 07/01/32 | 1001344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1005000 | &nbsp;&nbsp;&nbsp; FL St Dev Fin Corp Sr Living Rev Ref Mayflower Retmnt Cmnty <br> Proj, Ser A (a) | 4.00% | 06/01/41 | 890519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | FL St Dev Fin Corp Sr SFP Tampa I The Henry Proj, Ser A1 (a) | 5.00% | 06/01/44 | 752497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Forest Lake Cmnty Dev Dist FL Spl Assmnt Area 1 Proj (a) | 4.00% | 05/01/40 | 468920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | Fort Lauderdale FL Wtr & Swr Rev Enabling Wks Proj, Ser A | 5.50% | 09/01/53 | 1885569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190000 | Gardens at Hammock Beach CDD FL Spl Assmnt Area One, Ser 1 | 4.80% | 05/01/31 | 192475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | Gardens at Hammock Beach CDD FL Spl Assmnt Area One, Ser 1 | 5.38% | 05/01/44 | 307962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 650000 | Groves at Lake Marion CDD FL Spl Assmnt (a) | 5.30% | 12/15/46 | 650981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2405000 | Gulfstream Polo Cmnty Dev Dist FL Spl Assmnt Phase 2 Proj | 4.38% | 11/01/49 | 2066170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Halifax FL Hosp Med Ctr Ref | 5.00% | 06/01/36 | 2001885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | Hamilton Bluff Cmnty Dev Dist FL Spl Assmnt Area One Proj | 4.70% | 05/01/31 | 445636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Hamilton Bluff Cmnty Dev Dist FL Spl Assmnt Area One Proj | 5.50% | 05/01/44 | 511722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Hamilton Bluff Cmnty Dev Dist FL Spl Assmnt Area One Proj | 5.80% | 05/01/54 | 1001391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1825000 | &nbsp;&nbsp;&nbsp; Hillsborough Cnty FL Aviation Auth Pfc Sub Tampa Intl Arpt, <br>Ser A, AMT | 5.00% | 10/01/48 | 1828663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Hillsborough Cnty FL Aviation Auth Tampa Intl Arpt, Ser B, AMT | 5.50% | 10/01/49 | 532075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520000 | Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev Azario Proj | 3.75% | 05/01/40 | 486118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2560000 | &nbsp;&nbsp;&nbsp; Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev Lakewood <br> Ranch SE Proj | 5.80% | 05/01/45 | 2739774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp; Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev Lakewood <br> Ranch SE Proj | 6.00% | 05/01/56 | 1828864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev N E Sector <br> Proj Phase 1A | 5.00% | 05/01/38 | 760690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 765000 | &nbsp;&nbsp;&nbsp; Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev Palm Grove <br> Proj | 5.50% | 05/01/55 | 772412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev Ref NE <br> Sector Proj Phase 2B (a) | 4.00% | 05/01/50 | 83331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1325000 | &nbsp;&nbsp;&nbsp; Lakewood Ranch FL Stewardship Dist Spl Assmnt Rev <br> Stewardship Dist Azario Proj | 4.00% | 05/01/50 | 1104130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1075000 | Langley S CDD FL Spl Assmnt Area One | 5.13% | 05/01/44 | 1090175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Langley S CDD FL Spl Assmnt Area One | 5.40% | 05/01/55 | 2467702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1150000 | &nbsp;&nbsp;&nbsp; Lee Cnty FL Indl Dev Auth Hlthcare Facs Rev Shell Point <br> Waterside Hlth Proj | 5.00% | 11/15/49 | 1131735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; LTC Ranch W Rsdl Cmnty Dev Dist FL Spl Assmnt Rev Assmnt <br> Area Two Proj Pod 5, Ser AA2 | 5.70% | 05/01/44 | 307371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1225000 | Mangrove Point & Mangrove Manor FL CDD Capital Impt | 4.25% | 05/01/42 | 1088258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435000 | Mangrove Point & Mangrove Manor FL CDD Capital Impt | 4.38% | 05/01/52 | 349848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2570000 | Miami-Dade Cnty FL Aviation Rev Ref, Ser A, AMT | 5.00% | 10/01/38 | 2579414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Miami-Dade Cnty FL Aviation Rev, Ser A, AMT | 5.00% | 10/01/49 | 2512936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Miami-Dade Cnty FL Seaport Rev Ref Sr Bonds, Ser A, AMT | 5.00% | 10/01/47 | 1016389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1900000 | Miami-Dade Cnty FL Seaport Rev Ref Sr Bonds, Ser A, AMT | 5.25% | 10/01/52 | 1933539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1880000 | N Park Isle Cmnty Dev Dist FL Spl Assmnt Rev Assmnt Area One | 4.50% | 05/01/40 | 1882225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | N Park Isle Cmnty Dev Dist FL Spl Assmnt Rev Assmnt Area Two | 3.38% | 11/01/41 | 1299867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | N Springs FL Impt Dist Parkland Bay Assmt Area (a) | 4.88% | 05/01/38 | 1006733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; N Sumter Cnty FL Util Dependent Dist Util Rev Sr Central Sumter <br> Util | 5.00% | 10/01/49 | 2034363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1485000 | Normandy CDD FL Capital Impt Rev Assmnt Area One (a) | 5.30% | 05/01/44 | 1489140 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Florida (Continued)** | **Florida (Continued)** | **Florida (Continued)** |  |
| $225000 | Nthrn Palm Beach Cnty FL Impt Dist | 3.45% | 08/01/41 | $185771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1240000 | Okaloosa Cnty FL Indl Dev Rev Air Force Enlisted Vlg Inc Proj (a) | 5.50% | 05/15/45 | 1278838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Okaloosa Cnty FL Indl Dev Rev Air Force Enlisted Vlg Inc Proj (a) | 5.75% | 05/15/55 | 1012616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | Old Hickory CDD FL Spl Assmnt Spl Asmt | 4.00% | 06/15/40 | 1223568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp; Palm Beach Cnty FL Hlth Facs Auth Acts Retmnt Life Cmntys <br> Inc, Ser A | 5.00% | 11/15/45 | 1809175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Palm Beach Cnty FL Rev Sr Bond Provident Grp PBAU Properties <br> II LLC, Ser A (a) | 5.75% | 10/01/55 | 1031115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465000 | &nbsp;&nbsp;&nbsp; Parkland Preserve CDD FL Spl Assmnt Rev 2019A Spl <br> Assmnts, Ser A | 5.25% | 05/01/39 | 478522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 835000 | Parrish Lakes CDD FL Capital Impt Rev Assmnt Area Three | 5.50% | 05/01/44 | 853824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Pioneer Ranch CDD FL Spl Assmnt | 5.00% | 05/01/44 | 974649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Polk Cnty FL Indl Dev Auth Mineral Dev LLC Secondary <br> Phosphate Tailings Recovery Proj (e) (g) | 5.88% | 01/01/33 | 200000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 610000 | Pompano Beach FL Rev John Knox Vlg Proj, Ser A | 4.00% | 09/01/41 | 575246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1050000 | Pompano Beach FL Rev Ref John Knox Vlg Proj | 4.00% | 09/01/50 | 875846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690000 | Prosperity Lakes Cmnty Dev Dist FL Spl Assmnt Area One | 5.88% | 12/15/43 | 740662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 990000 | Prosperity Lakes Cmnty Dev Dist FL Spl Assmnt Area One | 6.13% | 12/15/53 | 1048718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1730000 | Reunion E FL CDD Spl Assmnt, Ser 2021 | 4.00% | 05/01/51 | 1441356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390000 | Rivington CDD FL Spl Assmnt Rev 2022 Assmnt Area | 4.00% | 05/01/52 | 319876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 760000 | Rivington CDD FL Spl Assmnt Rev Assmnt Area | 3.38% | 05/01/31 | 735643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Saint Johns Cnty FL Indl Dev Auth Sr Living Rev Ref Vicar's <br> Landing Proj, Ser A | 4.00% | 12/15/36 | 476175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp; Saint Johns Cnty FL Indl Dev Auth Sr Living Rev Ref Vicar's <br> Landing Proj, Ser A | 4.00% | 12/15/41 | 990409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 830000 | Saltleaf CDD FL Capital Impt Rev | 5.70% | 05/01/46 | 844023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2765000 | Saltleaf CDD FL Capital Impt Rev | 6.00% | 05/01/56 | 2799608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1880000 | Sandridge Cmnty Dev Dist FL Spl Assmnt Rev Phase II Proj | 4.30% | 05/01/52 | 1593026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Sawyers Landing CDD FL Spl Assmnt Rev | 4.13% | 05/01/41 | 1893433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Sawyers Landing CDD FL Spl Assmnt Rev | 4.25% | 05/01/53 | 1704626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Scenic Terrace S CDD FL Spl Assmnt Proj, Ser 2022 | 4.63% | 05/01/53 | 1801249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Seagrove CDD FL Spl Assmnt | 4.88% | 06/15/44 | 1484105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 490000 | Shell Point Cmnty Dev Dist FL Spl Assmnt (a) | 5.25% | 11/01/39 | 501813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Shingle Creek at Bronson CDD FL Spl Assmnt | 3.50% | 06/15/41 | 916363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1945000 | Six Mile Creek FL CDD Capital Impt Rev Assmnt Area 3 Phase 1 | 4.00% | 05/01/51 | 1597878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 575000 | Sugarloaf CDD FL Capital Impt Rev Assmnt Area One | 5.38% | 12/15/46 | 579664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | Summer Woods CDD FL Spl Assmnt Area Two 2020 Proj | 4.00% | 05/01/50 | 84054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1580000 | Sunrise CDD FL Capital Impt Rev (a) | 5.63% | 05/01/45 | 1586494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2300000 | The Heights CDD FL Spl Assmnt Rev CDD | 5.00% | 01/01/50 | 2236952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | Three Rivers CDD FL | 5.50% | 05/01/45 | 1255396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 835000 | Triple Creek FL CDD Spl Assmnt Vlgs Q&R Proj (a) | 4.00% | 11/01/51 | 690992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1050000 | Trout Creek CDD FL Capital Impt Rev | 4.00% | 05/01/51 | 865136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 885000 | V-Dana CDD FL Spl Assmnt Area Two 2025 Proj Area | 5.38% | 05/01/45 | 900557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 725000 | Venice FL Vlg on The Isle Proj, Ser A (a) | 5.50% | 01/01/55 | 714070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 995000 | &nbsp;&nbsp;&nbsp; Veranda CDD II FL Spl Assmnt Rev Ref Assmt Area 3 Preserve E <br> Proj | 5.38% | 05/01/54 | 1002521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185000 | Villamar CDD FL Spl Assmnt | 4.00% | 05/01/29 | 185867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Volusia Cnty FL Eductnl Fac Auth Stetson Univ Inc Proj | 5.25% | 06/01/49 | 1418094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2960000 | W Vlgs FL Impt Dist Ref Spl Assmt Unit Dev #1 | 4.63% | 05/01/38 | 2960454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 990000 | W Vlgs FL Impt Dist Unit Dev #10 Assmnt Area One | 5.38% | 05/01/44 | 1013650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | W Vlgs FL Impt Dist Unit of Dev #10 Assmnt Area Two | 5.25% | 05/01/45 | 505088 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Florida (Continued)** | **Florida (Continued)** | **Florida (Continued)** |  |
| $900000 | Westside FL CDD Spl Assmnt Rev Ref (a) | 4.13% | 05/01/38 | $870662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1225000 | Westview S CDD FL Spl Assmnt Area One 2023 Proj Area | 5.38% | 05/01/43 | 1262417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1210000 | Wildblue CDD FL Spl Assmnt (a) | 4.25% | 06/15/39 | 1159556 |
|  |  |  |  | 149198985 |
|  | **Georgia — 3.1%** | **Georgia — 3.1%** | **Georgia — 3.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Atlanta GA Arpt Passenger Fac Charge Rev Arpt Rev Subord, <br>Ser D, AMT | 4.00% | 07/01/37 | 998044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Atlanta GA Dev Auth Convertible Ctfs, Class A, Ser 1, CABS, <br> steps up to 6.50% on 06/15/28 (a) (f) | 0.00% | 12/15/48 | 906264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Atlanta GA Dev Auth Westside Gulch Area Proj, Ser A-1 (a) | 5.00% | 04/01/34 | 511585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2800000 | &nbsp;&nbsp;&nbsp; Bartow Cnty GA Dev Auth Solid Wst Disp Fac Rev Var GA Pwr <br> Co Plt Bowen Proj, AMT (b) | 3.53% | 11/01/62 | 2800000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp; Burke Cnty GA Dev Auth Poll Control Rev Adjustable GA Pwr Co <br> Plant Vogtle Proj Remk (b) | 3.53% | 11/01/52 | 1800000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; Burke Cnty GA Dev Auth Poll Control Rev Var Ref GA Pwr Co <br> Plant Vogtle Proj (b) | 3.40% | 11/01/52 | 3000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Cobb Cnty GA Dev Auth Chartersch Rev NW Classical Acdmy <br> Proj, Ser A (a) | 6.00% | 06/15/43 | 507667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp; Cobb Cnty GA Dev Auth Chartersch Rev NW Classical Acdmy <br> Proj, Ser A (a) | 6.40% | 06/15/53 | 1752492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1125000 | &nbsp;&nbsp;&nbsp; Columbia Cnty GA Hosp Auth Rev Anticipation Ctfs Wellstar Hlth <br> Sys Inc Proj, Ser A | 5.75% | 04/01/53 | 1211079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Floyd Cnty GA Dev Auth Adj GA Pwr Co Plt Hammond Proj (b) | 3.45% | 09/01/26 | 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2275000 | &nbsp;&nbsp;&nbsp; Fulton Cnty GA Dev Auth Rev Piedmont Hlthcare Inc Proj <br> Multimodal Bond, Ser A | 4.00% | 07/01/49 | 2037720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1335000 | &nbsp;&nbsp;&nbsp; Fulton Cnty GA Rsdl Care Facs Elderly Auth Retmnt Fac Rev Ref <br> Lenbrook Sq Fdtn Inc | 5.00% | 07/01/31 | 1337592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Geo L Smith II GA Congress Ctr Auth Convention Ctr Hotel <br> Second Tier, Ser B (a) | 5.00% | 01/01/36 | 508858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp; Main Street Nat Gas Inc GA Gas Sply Rev, Ser A (Mandatory put <br> 12/01/29) | 4.00% | 09/01/52 | 1778049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Main Street Nat Gas Inc GA Gas Sply Rev, Ser C (Mandatory put <br> 12/01/28) | 4.00% | 05/01/52 | 1014467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3660000 | &nbsp;&nbsp;&nbsp; Main Street Nat Gas Inc GA Gas Sply Rev, Ser C (Mandatory put <br> 09/01/30) | 5.00% | 09/01/53 | 3877299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Main Street Nat Gas Inc GA Gas Sply Rev, Ser D (Mandatory put <br> 12/01/30) | 5.00% | 05/01/54 | 2110936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Main Street Nat Gas Inc GA Gas Sply Rev, Ser E-1 (Mandatory put <br> 06/01/31) | 5.00% | 12/01/53 | 1067140 |
|  |  |  |  | 29219192 |
|  | **Guam — 0.0%** | **Guam — 0.0%** | **Guam — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155000 | Guam Govt Wtrwks Auth Wtr & Wstwtr Sys Rev, Ser A | 5.00% | 01/01/50 | 157421 |
|  | **Hawaii — 0.1%** | **Hawaii — 0.1%** | **Hawaii — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; HI St Dept of Budget & Fin Spl Purp Rev Ref HI Pacific Univ <br> Proj (a) | 5.13% | 07/01/43 | 973321 |
|  | **Idaho — 0.8%** | **Idaho — 0.8%** | **Idaho — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Avimor Cmnty Infra Dist #1 ID Spl Assmnt Area Five (a) | 5.88% | 09/01/53 | 1020769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Avimor Cmnty Infra Dist #1 ID Spl Assmnt Area Six, Ser B (a) | 5.50% | 09/01/53 | 1501493 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Idaho (Continued)** | **Idaho (Continued)** | **Idaho (Continued)** |  |
| $900000 | ID Falls ID Auditorium Dist Annual Approp Ctfs, COPS (a) | 5.25% | 05/15/51 | $880676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | Spring Vly ID Cmnty Infra Dist #1 Spl Assmnt Area Two (a) | 6.25% | 09/01/53 | 4111893 |
|  |  |  |  | 7514831 |
|  | **Illinois — 3.4%** | **Illinois — 3.4%** | **Illinois — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | Chicago IL Brd of Edu Ref, Ser B | 5.00% | 12/01/30 | 1802707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Chicago IL Brd of Edu, Ser A | 5.00% | 12/01/35 | 1010414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Chicago IL Brd of Edu, Ser A | 5.00% | 12/01/41 | 983333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1590000 | Chicago IL Brd of Edu, Ser D | 5.00% | 12/01/46 | 1465991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Chicago IL Chicago Wks, Ser A | 5.50% | 01/01/40 | 778321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Chicago IL O'Hare Intl Arpt Rev Ref Sr Lien, Ser A, AMT | 5.00% | 01/01/48 | 2980543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5500000 | Chicago IL O'Hare Intl Arpt Rev Sr Lien, Ser E, AMT | 5.50% | 01/01/48 | 5838421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | Chicago IL Park Dist Ref, Ser A, BAM | 4.00% | 01/01/32 | 1333106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1415000 | Cook Cnty IL MF Hsg Rev Deerfield Supportive Living Proj | 6.50% | 01/01/45 | 1448806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | IL St | 5.50% | 05/01/26 | 250000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | IL St Fin Auth Chrt Sch Rev Ref & Impt Chicago Intl Chrt Sch Proj | 5.00% | 12/01/30 | 252944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | IL St Fin Auth Chrt Sch Rev Ref & Impt Chicago Intl Chrt Sch Proj | 5.00% | 12/01/31 | 252601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | IL St Fin Auth Rev Ref Moorings of Arlington Heights, Ser A | 5.13% | 11/01/46 | 999864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; IL St Fin Auth Stdt Hsg & Acad Fac Rev CHF Chicago LLC Univ <br> IL Chicago Proj, Ser A | 5.00% | 02/15/27 | 302471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145000 | &nbsp;&nbsp;&nbsp; IL St Fin Auth Stdt Hsg & Acad Fac Rev CHF Chicago LLC Univ <br> IL Chicago Proj, Ser A | 5.00% | 02/15/28 | 146993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | IL St, Ser A | 5.50% | 03/01/47 | 1827271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1365000 | IL St, Ser B | 5.50% | 05/01/47 | 1424665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | IL St, Ser C | 5.00% | 11/01/29 | 2061506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1655407 | &nbsp;&nbsp;&nbsp; Lincolnwood IL Tax Incr Allocation Rev NTS Dist 1860 Dev <br> Proj, Ser A, COPS (a) | 4.82% | 01/01/41 | 1655809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp; Lincolnwood IL Tax Incr Allocation Rev NTS Dist 1860 Dev <br> Proj, Ser B, COPS (a) | 5.75% | 12/01/43 | 1124315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | S Wstrn IL Dev Auth Envrnmntl Impt Rev US Steel Corp Proj | 5.75% | 08/01/42 | 1000961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; Schaumburg Cook & DuPage Cntys IL Tax Incr Rev NT N <br> Schaumburg Redev Proj Area Proj Rev Nts, COPS (a) | 6.13% | 12/30/38 | 3025205 |
|  |  |  |  | 31966247 |
|  | **Indiana — 1.1%** | **Indiana — 1.1%** | **Indiana — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1410000 | Carmel IN Redev Auth | 3.00% | 07/15/40 | 1257897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | Fort Wayne IN Mf Hsg Rev Silver Birch at Cook Road (a) | 5.30% | 01/01/32 | 245196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1410000 | &nbsp;&nbsp;&nbsp; IN St Fin Auth Envrnmntl Rev Ref Var Duke Energy IN Inc Proj <br> Remk, Ser A-1, AMT (Mandatory put 06/01/32) | 4.50% | 05/01/35 | 1420036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | IN St Fin Auth Rev Ref Marquette Proj, Ser A | 5.25% | 03/01/50 | 1267586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2435000 | IN St Fin Auth Stdt Hsg Rev Sr Stdt Hsg Proj, Ser A | 5.00% | 07/01/49 | 2437654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | IN St Fin Auth Stdt Hsg Rev Sr Stdt Hsg Proj, Ser A | 5.00% | 07/01/54 | 1233543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp; Indianapolis IN Loc Pub Impt Bond Bank Sr Convention Ctr <br> Hotel, Ser E | 6.00% | 03/01/53 | 1765294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | Terre Haute IN Mf Hsg Rev Silver Birch of Terre Haute Proj | 5.10% | 01/01/32 | 391891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Valparaiso IN Exempt Facs Rev Ref Pratt Paper IN LLC Proj, <br> AMT (a) | 4.88% | 01/01/44 | 506480 |
|  |  |  |  | 10525577 |
|  | **Iowa — 0.7%** | **Iowa — 0.7%** | **Iowa — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | Dallas Ctr IA Grimes Cmnty Sch Dist | 3.00% | 05/01/39 | 1436284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | IA St Fin Auth Midwstrn Disaster Area Rev Alcoa Inc Proj | 4.75% | 08/01/42 | 3000593 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Iowa (Continued)** | **Iowa (Continued)** | **Iowa (Continued)** |  |
| $1300000 | &nbsp;&nbsp;&nbsp; IA St Fin Auth Midwstrn Disaster Area Rev Ref IA Fertilizer Co <br> Proj (Pre-refunded maturity 12/01/32) | 5.00% | 12/01/50 | $1471404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; IA St Fin Auth Sr Living Fac Rev Presbyterian Homes Mill Pond <br> Proj Ref | 5.75% | 10/01/55 | 763224 |
|  |  |  |  | 6671505 |
|  | **Kansas — 0.6%** | **Kansas — 0.6%** | **Kansas — 0.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1950000 | Lenexa KS Hlth Care Fac Rev Ref Lakeview Vlg Inc, Ser A | 5.00% | 05/15/43 | 1952698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp; Shawnee Cnty KS Pub Bldg Commn Rev Corrections and Parks & <br> Rec Projs | 5.50% | 09/01/34 | 199443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; Wyandotte Cnty KS Kansas City Unif Govt Spl Oblg Rev <br> Northwest Speedway Star Bond Dist Proj (a) | 5.50% | 03/01/46 | 2501620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; Wyandotte Cnty KS Kansas City Unif Govt Spl Oblg Rev Ref Vlg <br> E Proj Areas 2B 3 5 (a) | 5.75% | 09/01/39 | 1281919 |
|  |  |  |  | 5935680 |
|  | **Kentucky — 1.7%** | **Kentucky — 1.7%** | **Kentucky — 1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875000 | Boyle Cnty KY Eductnl Facs Rev Ref Ctr Clg, Ser A | 5.25% | 06/01/43 | 909808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875000 | &nbsp;&nbsp;&nbsp; Henderson KY Exempt Facs Rev Pratt Paper LLC Proj, Ser A, <br> AMT (a) | 4.45% | 01/01/42 | 863699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Henderson KY Exempt Facs Rev Pratt Paper LLC Proj, Ser A, <br> AMT (a) | 4.70% | 01/01/52 | 1859525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1650000 | Jefferson Cnty KY Sch Dist Fin Corp Sch Bldg Rev, Ser B | 3.00% | 12/01/38 | 1465987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | KY St Econ Dev Fin Auth Ref Owensboro Hlth, Ser A | 5.00% | 06/01/41 | 1002453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; KY St Pub Energy Auth Gas Sply Rev Ref, Ser A-1 (Mandatory put <br> 02/01/32) | 5.25% | 04/01/54 | 1600921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2525000 | &nbsp;&nbsp;&nbsp; KY St Pub Energy Auth Gas Sply Rev Var, Ser C (Mandatory put <br> 02/01/28) | 4.00% | 02/01/50 | 2550558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Louisville & Jefferson Cnty KY Met Govt Hlth Sys Rev Norton <br> Hlthcare Inc, Ser A | 4.00% | 10/01/39 | 971326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3600000 | &nbsp;&nbsp;&nbsp; Meade Cnty KY Indl Bldg Rev Var Nucor Steel Brandenburg Proj <br> Sustainable Bond, Ser B-1 (b) | 3.80% | 08/01/61 | 3600000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1150000 | Rural Wtr Fing Agy KY Pub Projs Rev Flexible Term Prog, Ser H | 3.00% | 08/01/39 | 1012431 |
|  |  |  |  | 15836708 |
|  | **Louisiana — 0.9%** | **Louisiana — 0.9%** | **Louisiana — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | LA Pub Facs Auth Rev Acadiana Renaissance Chrt Acdmy Proj (a) | 6.00% | 06/15/59 | 2014879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; LA Pub Facs Auth Rev I-10 Calcasieu River Bridge Pub Priv <br> Partnership Proj, AMT | 5.75% | 09/01/64 | 2056818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | New Orleans LA Sewage Svc Rev, Ser B | 5.00% | 06/01/45 | 1004034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Saint James Parish LA Rev NuStar Logistics LP Proj Remk, <br>Ser 2010 (a) | 6.35% | 07/01/40 | 1083254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Saint James Parish LA Rev NuStar Logistics LP Proj Remk, <br>Ser 2010A (a) | 6.35% | 10/01/40 | 1083118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp; Saint James Parish LA Rev Var NuStar Logistics LP Proj <br> Remk, Ser 2010B (Mandatory put 06/01/30) (a) | 6.10% | 12/01/40 | 1760649 |
|  |  |  |  | 9002752 |
|  | **Maine — 0.2%** | **Maine — 0.2%** | **Maine — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | ME St Fin Auth Univ of New England Issue | 5.50% | 07/01/50 | 1601859 |
|  | **Maryland — 1.2%** | **Maryland — 1.2%** | **Maryland — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1020000 | Baltimore MD Spl Oblig Ref E Baltimore Rsrch Park Proj, Ser A | 5.00% | 09/01/38 | 1028585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175000 | Baltimore MD Spl Oblig Ref Sr Lien Harbor Point Proj, Ser A (a) | 2.95% | 06/01/27 | 173467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185000 | Baltimore MD Spl Oblig Ref Sr Lien Harbor Point Proj, Ser A (a) | 3.05% | 06/01/28 | 182732 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Maryland (Continued)** | **Maryland (Continued)** | **Maryland (Continued)** |  |
| $200000 | Baltimore MD Spl Oblig Ref Sr Lien Harbor Point Proj, Ser A (a) | 3.15% | 06/01/29 | $197033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190000 | Baltimore MD Spl Oblig Ref Sr Lien Harbor Point Proj, Ser A (a) | 3.20% | 06/01/30 | 186224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp; Frederick Cnty MD Tax Incr & Spl Tax Ref Jefferson Technology <br> Park Proj, Ser B (a) | 4.63% | 07/01/43 | 802549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | MD St Econ Dev Corp Stdt Hsg Rev Morgan St Univ Proj, Ser A | 5.38% | 07/01/38 | 1073746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; MD St Hlth & Hgr Eductnl Facs Auth Rev Ref Kennedy Kriegern <br> Issue, Ser A | 5.25% | 07/01/44 | 422657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; MD St Hlth & Hgr Eductnl Facs Auth Rev Ref Medstar Hlth <br> Issue, Ser A | 5.25% | 08/15/51 | 3117150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3675000 | MD St Hlth & Hgr Eductnl Facs Auth Rev Ref Meritus Hlth Issue | 5.25% | 07/01/50 | 3811839 |
|  |  |  |  | 10995982 |
|  | **Massachusetts — 0.7%** | **Massachusetts — 0.7%** | **Massachusetts — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | MA St Dev Fin Agy Rev Lasell Vlg Inc | 5.25% | 07/01/50 | 1013473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360000 | MA St Dev Fin Agy Rev Linden Ponds Inc Fac (a) | 5.00% | 11/15/28 | 371233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1450000 | MA St Dev Fin Agy Rev Merrimack Clg Stdt Hsg Proj, Ser A (a) | 5.00% | 07/01/54 | 1401034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | MA St Dev Fin Agy Rev Merrimack Clg Stdt Hsg Proj, Ser A (a) | 5.00% | 07/01/60 | 950954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1020000 | MA St Dev Fin Agy Rev Ref Salem Cmnty Corp | 5.13% | 01/01/40 | 1024603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; MA St Dev Fin Agy Sr Living Rev Care Cmntys LLC Obligated <br> Grp, Ser A-1 (a) | 6.50% | 07/15/60 | 1493233 |
|  |  |  |  | 6254530 |
|  | **Michigan — 1.0%** | **Michigan — 1.0%** | **Michigan — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | Detroit MI Sustainable Bonds, Ser A | 5.00% | 04/01/46 | 1118718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Detroit MI Sustainable Bonds, Ser A | 5.00% | 04/01/50 | 3016320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | Kentwood MI Econ Dev Corp Ref Holland Home Oblig Grp | 5.00% | 11/15/37 | 1754504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Mattawan MI Consol Sch Dist, Ser I | 5.00% | 05/01/47 | 1574302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | MI St Fin Auth Rev Reftrinity Hlth Credit Grp Remk, Ser MI-2 | 3.00% | 03/01/46 | 1150293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | MI St Strategic Fund Ltd Oblg Rev Holland Home | 5.00% | 11/15/42 | 1000384 |
|  |  |  |  | 9614521 |
|  | **Minnesota — 1.2%** | **Minnesota — 1.2%** | **Minnesota — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; Apple Vly MN Sr Hsg Rev Phs Apple Vly Sr Hsg Inc Orchard Path <br> Phase III Proj, Ser A | 5.50% | 09/01/55 | 607210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 815000 | &nbsp;&nbsp;&nbsp; Apple Vly MN Sr Hsg Rev Phs Apple Vly Sr Hsg Inc Orchard Path <br> Phase III Proj, Ser A | 5.63% | 09/01/65 | 826317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Apple Vly MN Sr Hsg Rev Ref Phs Apple Vly Sr Hsg Inc Orchard <br> Path Proj | 5.00% | 09/01/43 | 999995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Eagan MN Chrtr Sch Lease Rev Great Oaks Acdmy, Ser A (a) | 6.38% | 02/01/55 | 497219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | Minneapolis MN Stdt Hsg Rev Riverton Cmnty Hsg Proj | 3.80% | 08/01/27 | 99310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2450000 | &nbsp;&nbsp;&nbsp; Minneapolis Saint Paul MN Met Arpts Commn Arpt Rev Subord <br> Priv Activity, Ser B, AMT | 5.25% | 01/01/42 | 2638169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1655000 | &nbsp;&nbsp;&nbsp; Minneapolis Saint Paul MN Met Arpts Commn Arpt Rev Subord <br> Priv Activity, Ser B, AMT | 5.25% | 01/01/49 | 1696578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975000 | &nbsp;&nbsp;&nbsp; Saint Paul MN Hsg & Redev Auth Chrt Sch Lease Rev Ref Hgr <br> Ground Acdmy Proj | 4.25% | 12/01/32 | 996413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | Saint Paul MN Hsg & Redev Auth Chrt Sch Lease Rev Ref, Ser A | 5.00% | 12/01/30 | 105080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1390000 | &nbsp;&nbsp;&nbsp; Saint Paul MN Hsg & Redev Auth Hlth Care Rev Ref Sys Fairview <br> Hlth Svcs, Ser A | 5.00% | 11/15/47 | 1373263 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Minnesota (Continued)** | **Minnesota (Continued)** | **Minnesota (Continued)** |  |
| $850000 | &nbsp;&nbsp;&nbsp; Woodbury MN Chrt Sch Lease Rev Woodbury Leadership Proj, <br>Ser A | 4.00% | 07/01/41 | $733363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 660000 | &nbsp;&nbsp;&nbsp; Woodbury MN Chrt Sch Lease Rev Woodbury Leadership Proj, <br>Ser A | 4.00% | 07/01/51 | 493004 |
|  |  |  |  | 11065921 |
|  | **Mississippi — 0.3%** | **Mississippi — 0.3%** | **Mississippi — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | Gulfport MS Hosp Fac Rev Memorial Hosp at Gulfport Proj | 5.50% | 07/01/50 | 1443923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1925000 | &nbsp;&nbsp;&nbsp; MS St Busn Fin Commn Gulf Opportunity Zone Var Chevron USA <br> Inc PJ, Ser A (b) | 3.40% | 12/01/30 | 1925000 |
|  |  |  |  | 3368923 |
|  | **Missouri — 2.7%** | **Missouri — 2.7%** | **Missouri — 2.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3375000 | &nbsp;&nbsp;&nbsp; Kansas City MO Indl Dev Auth Econ Activity Tax Rev Historic NE <br> Redev Plan, Ser A-1 (a) | 5.00% | 06/01/54 | 3310440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Kansas City MO Indl Dev Auth Ref Platte Pur Proj A C & E (a) | 6.00% | 01/01/48 | 3065320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Lees Summit MO Indl Dev Auth Sr Living Facs Rev John Knox <br> Vlg, Ser A | 5.00% | 08/15/51 | 448107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Lees Summit MO Indl Dev Auth Sr Living Facs Rev Ref John <br> Knox Vlg, Ser A | 5.00% | 08/15/39 | 1025763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925000 | &nbsp;&nbsp;&nbsp; MO St Hlth & Eductnl Facs Auth Hlth Facs Rev Ref BJC Hlth <br> Sys, Ser A | 4.00% | 07/01/46 | 855502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; MO St Hlth & Eductnl Facs Auth Hlth Facs Rev Var SSM Hlth <br> Care Remk, Ser F (b) | 3.45% | 06/01/44 | 2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435000 | &nbsp;&nbsp;&nbsp; MO St Hlth & Eductnl Facs Auth Lutheran Sr Svc Projs Svcs <br> Projs, Ser A, Ser ASR | 5.00% | 02/01/29 | 444065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1070000 | &nbsp;&nbsp;&nbsp; MO St Hlth & Eductnl Facs Auth Lutheran Sr Svc Projs Svcs <br> Projs, Ser A, Ser ASR | 5.00% | 02/01/42 | 1085762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | MO St Hlth & Eductnl Facs Auth Med Rsrch Lutheran Svcs, Ser A | 5.00% | 02/01/29 | 10013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3045000 | MO St Hlth & Eductnl Facs Auth Ref Lutheran Sr Svcs Projs, Ser A | 5.25% | 02/01/48 | 3084853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1145000 | MO St Hlth & Eductnl Facs Auth Ref Lutheran Sr Svcs Projs, Ser B | 5.00% | 02/01/46 | 1144999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Phelps Cnty MO Hosp Rev Phelps Hlth | 6.00% | 12/01/55 | 1056673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; St Charles Cnty MO Pub Wtr Sply Dist #2 Pub Wtr Sply Dist No 2, <br> COPS | 4.00% | 12/01/44 | 244627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; St Louis Cnty MO Indl Dev Auth Sr Living Facs Friendship Vlg St <br> Louis Oblig Grp, Ser A | 5.13% | 09/01/48 | 996150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730000 | &nbsp;&nbsp;&nbsp; St Louis Cnty MO Indl Dev Auth Sr Living Facs Friendship Vlg St <br> Louis Oblig Grp, Ser A | 5.25% | 09/01/53 | 719731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4450000 | &nbsp;&nbsp;&nbsp; St Louis Cnty MO Indl Dev Auth Sr Living Facs Ref Friendship <br> Vlg St Louis | 5.00% | 09/01/48 | 4359585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Taney Cnty MO Indl Dev Auth Sales Tax Rev Big Cedar Infra <br> Proj (a) | 6.00% | 10/01/49 | 2004394 |
|  |  |  |  | 25855984 |
|  | **Montana — 0.1%** | **Montana — 0.1%** | **Montana — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; MT Fac Fin Auth Hlth Facs Rev Ref Bozeman Deaconess Hlth Svcs <br> Oblig Grp, Ser A (h) | 5.25% | 06/01/50 | 1041106 |
|  | **Nebraska — 0.1%** | **Nebraska — 0.1%** | **Nebraska — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Omaha NE Arpt Auth Arpt Facs, AG, AMT | 5.25% | 12/15/43 | 812374 |
|  | **Nevada — 0.4%** | **Nevada — 0.4%** | **Nevada — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 930000 | Clark Cnty NV Sch Dist, Ser B, BAM | 3.00% | 06/15/41 | 785348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755000 | Henderson NV Loc Impt Dists Rainbow Canyon Phase II Roject | 5.00% | 03/01/38 | 780813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 970000 | Henderson NV Loc Impt Dists Rainbow Canyon Phase II Roject | 5.25% | 03/01/48 | 979453 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Nevada (Continued)** | **Nevada (Continued)** | **Nevada (Continued)** |  |
| $445000 | &nbsp;&nbsp;&nbsp; Las Vegas NV Spl Assmnt Dist #817 Spl Impt Dt# 817 Summerlin <br> Vlg 29 | 5.75% | 06/01/43 | $475215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495000 | &nbsp;&nbsp;&nbsp; Las Vegas NV Spl Assmnt Dist #817 Spl Impt Dt# 817 Summerlin <br> Vlg 29 | 6.00% | 06/01/48 | 523810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185000 | N Las Vegas NV Loc Impt Vly Vista Spl Impt Dist #64 | 4.00% | 06/01/29 | 185253 |
|  |  |  |  | 3729892 |
|  | **New Hampshire — 2.8%** | **New Hampshire — 2.8%** | **New Hampshire — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Natl Fin Auth NH Rev Ref Sustainable Bond, Ser B, AMT <br> (Mandatory put 07/02/40) (a) | 3.75% | 07/01/45 | 1629546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Natl Fin Auth NH Rev Winston Salem Sustainable Energy <br> Partners, Ser A | 5.50% | 06/01/50 | 1570857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Natl Fin Auth NH Spl Rev (a) | 5.88% | 12/15/33 | 1199482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Natl Fin Auth NH Spl Rev (a) | 5.38% | 12/15/35 | 1000108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Natl Fin Auth NH Spl Rev Canyon Ranch Proj, CABS (a) | (c) | 12/01/35 | 1307374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Natl Fin Auth NH Spl Rev Emberly and Canterra Creek Projs (a) | 5.38% | 12/01/31 | 1998552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Natl Fin Auth NH Spl Rev Forestar Grp Houston Area Projs (a) | 6.50% | 12/01/34 | 2005238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Natl Fin Auth NH Spl Rev Goodland Proj, CABS | (c) | 12/15/39 | 2059640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Natl Fin Auth NH Spl Rev Megatel Projs, CABS (a) | (c) | 12/15/33 | 1154606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Natl Fin Auth NH Spl Rev Provence Proj, CABS (a) | (c) | 12/01/31 | 1389166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | Natl Fin Auth NH Spl Rev The Astro Sunterra Projs, CABS (a) | (c) | 12/15/34 | 2874998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1915000 | Natl Fin Auth NH Spl Rev The Chambers Creek Proj, CABS (a) | (c) | 12/15/32 | 1242629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Natl Fin Auth NH Spl Rev The Highlands Proj | 5.13% | 12/15/30 | 1200923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4413000 | Natl Fin Auth NH Spl Rev The La Segarra Proj, CABS | (c) | 12/01/39 | 1682429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Natl Fin Auth NH Spl Rev The Wildflower Proj, CABS (a) | (c) | 12/15/33 | 950095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp; NH St Hlth & Edu Facs Auth Rev Ref Dartmouth Hlth Oblig Grp <br> Issue | 5.50% | 08/01/50 | 3743943 |
|  |  |  |  | 27009586 |
|  | **New Jersey — 0.2%** | **New Jersey — 0.2%** | **New Jersey — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp; NJ St Econ Dev Auth Spl Fac Rev Continental Airls Inc Proj <br> Remk, Ser B, AMT | 5.63% | 11/15/30 | 951404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560000 | &nbsp;&nbsp;&nbsp; NJ St Transprtn Trust Fund Auth Fun Auth Transprtn Prog <br> Bonds, Ser CC | 5.25% | 06/15/41 | 611463 |
|  |  |  |  | 1562867 |
|  | **New Mexico — 0.2%** | **New Mexico — 0.2%** | **New Mexico — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 529000 | Winrock Town Ctr NM Tax Incr Dev Dist #1 Ref Sr Lien (a) | 3.75% | 05/01/28 | 526085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Winrock Town Ctr NM Tax Incr Dev Dist #1 Ref Sr Lien (a) | 4.00% | 05/01/33 | 488229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Winrock Town Ctr NM Tax Incr Dev Dist #1 Ref Sr Lien (a) | 4.25% | 05/01/40 | 480713 |
|  |  |  |  | 1495027 |
|  | **New York — 3.7%** | **New York — 3.7%** | **New York — 3.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Build NYC Res Corp NY Rev Riverspring Hlth Sr Living Inc <br> Proj, Ser A (a) | 6.50% | 12/15/45 | 1509763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Build NYC Res Corp NY Rev Riverspring Hlth Sr Living Inc <br> Proj, Ser A (a) | 7.00% | 12/15/55 | 1003790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Build NYC Res Corp NY Rev Sustainable Bond Kipp NYC Pub <br> Sch Facs Canal W Proj | 5.25% | 07/01/52 | 1014298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448149 | &nbsp;&nbsp;&nbsp; Dutchess Cnty NY Loc Dev Corp Mf Mtebs Sustainable Bonds <br> Tomopkins Terrace Hsg LP Proj | 5.00% | 10/01/40 | 480884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; Genesee Cnty NY Funding Corp Rochester Regl Hlth Energy <br> Proj, Ser A | 5.25% | 12/01/50 | 1273810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Hempstead Town NY Loc Dev Corp Rev Adelphi Univ Proj, Ser A | 5.25% | 10/01/51 | 768361 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **New York (Continued)** | **New York (Continued)** | **New York (Continued)** |  |
| $2000000 | &nbsp;&nbsp;&nbsp; New York City NY Muni Wtr Fin Auth Wtr & Swr Sys Rev <br> Adjustable 2nd Gen Resolution Fiscal 2014, Ser AA-1 (b) | 3.40% | 06/15/50 | $2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700000 | &nbsp;&nbsp;&nbsp; New York City NY Muni Wtr Fin Auth Wtr & Swr Sys Rev Var <br> 2nd Gen Resolution Remk, Ser BB-2 (b) | 3.40% | 06/15/49 | 2700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2625000 | &nbsp;&nbsp;&nbsp; New York City NY Transitional Fin Auth Rev Future Tax Secured <br> Subord Bonds, Ser C-1 | 4.00% | 02/01/42 | 2584886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | NY NY Var Fiscal 2023, Ser A-4 (b) | 3.35% | 09/01/49 | 1800000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525000 | NY St Dorm Auth Revs Non St Supported Debt Iona Clg, Ser A | 5.00% | 07/01/46 | 529051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; NY St Dorm Auth Revs Non St Supported Debt New York Institute <br> of Technology | 5.00% | 07/01/44 | 310168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; NY St Dorm Auth Revs Non St Supported Debt White Plains Hosp <br> Obligated Grp | 5.25% | 10/01/49 | 1286552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1925000 | NY St Dorm Auth St Personal Income Tax Rev Ref, Ser A | 3.00% | 03/15/42 | 1647863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; NY St Transprtn Dev Corp Exempt Fac Rev NY St Thruway Srvc <br> Areas Proj, AMT | 4.00% | 10/31/46 | 455620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; NY St Transprtn Dev Corp Spl Fac Rev Delta Airls Inc LaGuardia <br> Arpt Terminals C&D Redev, AMT | 5.00% | 10/01/40 | 1283295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2540000 | &nbsp;&nbsp;&nbsp; NY St Transprtn Dev Corp Spl Fac Rev Delta Airls Inc LaGuardia <br> Arpt Terminals C&D Redev, AMT | 4.38% | 10/01/45 | 2441860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; NY St Transprtn Dev Corp Spl Fac Rev Ref American Airls Inc <br> John F Kennedy Intl Arpt Proj, AMT | 5.00% | 08/01/31 | 998553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3660000 | &nbsp;&nbsp;&nbsp; NY St Transprtn Dev Corp Spl Fac Rev Ref John F. Kennedy Intl <br> Arpt Proj, AMT | 5.25% | 08/01/31 | 3826148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165000 | &nbsp;&nbsp;&nbsp; NY St Transprtn Dev Corp Spl Fac Rev Sustainable Bond JFK Intl <br> Arpt New Terminal, AMT | 5.25% | 06/30/49 | 166137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1515000 | &nbsp;&nbsp;&nbsp; NY St Transprtn Dev Corp Spl Fac Rev Sustainable Bond JFK Intl <br> Arpt New Terminal, AMT | 5.50% | 06/30/54 | 1529332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; NY St Transprtn Dev Corp Spl Fac Rev Sustainable Bond JFK Intl <br> Arpt Terminal One Prj, AMT | 6.00% | 06/30/54 | 1040419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Oyster Bay NY, Ser A, AG | 2.00% | 03/01/35 | 422674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Suffolk Regl Off-Track Betting Corp NY Rev | 5.75% | 12/01/44 | 2057871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Suffolk Regl Off-Track Betting Corp NY Rev | 6.00% | 12/01/53 | 2045408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; Westchester Cnty NY Loc Dev Corp Rev Ref Miriam Osborn <br> Memorial Home Assn Proj | 5.00% | 07/01/34 | 102793 |
|  |  |  |  | 35279536 |
|  | **North Carolina — 2.0%** | **North Carolina — 2.0%** | **North Carolina — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3300000 | &nbsp;&nbsp;&nbsp; NC St Med Care Commn Hlth Care Facs Rev Lutheran Svcs For the <br> Aging Ref, Ser A | 4.00% | 03/01/41 | 3165601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | NC St Med Care Commn Retmnt Facs Rev Carolina Meadows | 4.50% | 12/01/44 | 1987778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3200000 | NC St Med Care Commn Retmnt Facs Rev Carolina Meadows | 5.25% | 12/01/54 | 3251844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; NC St Med Care Commn Retmnt Facs Rev Deerfield Episcopal <br> Retmnt Cmnty Proj, Ser A | 5.25% | 11/01/46 | 2073887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2090000 | &nbsp;&nbsp;&nbsp; NC St Med Care Commn Retmnt Facs Rev Pennybyrn at Maryfield <br> Proj, Ser A | 5.00% | 10/01/45 | 2029604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2850000 | NC St Med Care Commn Retmnt Facs Rev Ref Southminster Inc | 5.00% | 10/01/37 | 2856243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1780000 | NC St Med Care Commn Retmnt Facs Rev The Forest at Duke Proj | 4.00% | 09/01/46 | 1550925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp; NC St Med Care Commn Retmnt Facs Rev The United Methodist <br> Retmnt Homes Proj, Ser A | 5.00% | 10/01/44 | 540556 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **North Carolina (Continued)** | **North Carolina (Continued)** | **North Carolina (Continued)** |  |
| $1500000 | &nbsp;&nbsp;&nbsp; NC St Med Care Commn Retmnt Facs Rev The United Methodist <br> Retmnt Homes Proj, Ser A | 5.00% | 10/01/49 | $1507626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535000 | &nbsp;&nbsp;&nbsp; NC St Med Care Commn Retmnt Facs Rev United Methodist <br> Retmnt Homes Proj, Ser A | 5.13% | 10/01/45 | 560477 |
|  |  |  |  | 19524541 |
|  | **North Dakota — 0.0%** | **North Dakota — 0.0%** | **North Dakota — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520000 | Horace ND Ref | 3.00% | 05/01/36 | 440745 |
|  | **Ohio — 3.6%** | **Ohio — 3.6%** | **Ohio — 3.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4250000 | Buckeye OH Tobacco Stlmt Fing Auth Ref Sr, Class 2, Ser B-2 | 5.00% | 06/01/55 | 3376850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp; Cleveland Cuyahoga Cnty OH Port Auth Tax Incr Fing Rev Ref Sr <br> Flats E Bank Proj, Ser A (a) | 4.00% | 12/01/55 | 697630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Columbus Franklin Cnty OH Fin Auth Mf Hsg Rev Silver Birch of <br> Columbus Proj, Ser A (a) | 6.05% | 01/01/46 | 2033680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; Columbus Franklin Cnty OH Fin Auth Mf Hsg Rev Vivera <br> Brookshire Proj, Ser A (a) | 6.30% | 01/01/46 | 3000018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3750000 | &nbsp;&nbsp;&nbsp; Columbus OH Regl Arpt Auth Rev Ref John Glenn Columbus Intl <br> Arpt, Ser A, AMT | 5.50% | 01/01/50 | 3959419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2245000 | Franklin Cnty OH Rev Trinity Hlth Credit Grp OH, Ser A | 5.00% | 12/01/47 | 2269015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Hamilton Cnty OH Hlth Care Rev Life Enriching Cmntys Proj, <br>Ser A | 5.25% | 01/01/38 | 525806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Hamilton Cnty OH Hlth Care Rev Life Enriching Cmntys Proj, <br>Ser A | 5.50% | 01/01/43 | 522797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105000 | Hamilton Cnty OH Hlth Care Rev Ref Life Enriching Cmntys Proj | 5.25% | 01/01/45 | 107646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2025000 | Hamilton Cnty OH Hlth Care Rev Ref Life Enriching Cmntys Proj | 5.50% | 01/01/50 | 2069318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Muskingum Cnty OH Hosp Facs Genesis Hlthcare Sys Proj | 5.00% | 02/15/44 | 2499916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; OH St Hgr Eductnl Fac Commn Ref Rev Judson Oblig Grp 2020 <br> Proj, Ser A | 5.00% | 12/01/45 | 493923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; OH St Hsg Fin Agy Mf Hsg Rev Green Oaks of Canal Winchester <br> Proj, Ser A | 6.30% | 01/01/45 | 3085196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; OH St Hsg Fin Agy Mf Hsg Rev Silver Birch of Canton Proj, <br>Ser A (a) | 6.25% | 01/01/45 | 2085412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; OH St Hsg Fin Agy Mf Hsg Rev Silver Birch of Mason Proj, <br>Ser A (a) | 6.10% | 01/01/46 | 1275621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320000 | Port of Gtr Cincinnati Dev Auth OH Rev (a) | 3.75% | 12/01/31 | 324941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; Port of Gtr Cincinnati Dev Auth OH Tax Incr Fing Rev RBM Phase <br> 3 Garage Proj | 5.13% | 12/01/55 | 2980890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2835000 | &nbsp;&nbsp;&nbsp; Warren Cnty OH Hosp Facs Rev Ref Cmnty First Solutions <br> Obligated Grp, Ser A | 5.00% | 05/15/49 | 2791305 |
|  |  |  |  | 34099383 |
|  | **Oklahoma — 0.8%** | **Oklahoma — 0.8%** | **Oklahoma — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400000 | OK St Dev Fin Auth Sr OK Proton Ctr, Ser A1 (g) | 7.25% | 09/01/51 | 2357136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1475000 | Sand Springs OK Muni Auth Utils Sys Rev Ref | 3.00% | 11/01/42 | 1228664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1165000 | &nbsp;&nbsp;&nbsp; Tulsa Cnty OK Indl Auth Sr Living Cmnty Rev Ref Montereau Inc <br> Proj | 5.25% | 11/15/37 | 1178046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp; Tulsa OK Muni Arpt Trust Trustees Ref American Airls Inc Proj, <br> AMT | 6.25% | 12/01/35 | 1973539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Tulsa OK Muni Arpt Trust Trustees Ref American Airls Inc Proj, <br> AMT | 6.25% | 12/01/40 | 1105138 |
|  |  |  |  | 7842523 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Oregon — 0.9%** | **Oregon — 0.9%** | **Oregon — 0.9%** |  |
| $750000 | Astoria OR Hosp Facs Auth Columbia Memorial Hosp Proj | 5.25% | 08/01/49 | $750761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1225000 | Clackamas Cnty OR Hosp Fac Auth Rev Ref Rose Villa Proj, Ser A | 5.13% | 11/15/40 | 1235361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3250000 | Clackamas Cnty OR Hosp Fac Auth Rev Ref Rose Villa Proj, Ser A | 5.38% | 11/15/55 | 3206610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1190000 | &nbsp;&nbsp;&nbsp; Clackamas Cnty OR Hosp Fac Auth Rev Ref Sr Living Willamette <br> View Proj, Ser A | 5.00% | 11/15/37 | 1201065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 735000 | Salem OR Hosp Fac Auth Rev Capital Manor Proj | 5.00% | 05/15/38 | 744889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 840000 | Salem OR Hosp Fac Auth Rev Capital Manor Proj | 5.00% | 05/15/43 | 845320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | Union Cnty OR Hosp Fac Auth Grande Ronde Hosp | 5.00% | 07/01/42 | 762571 |
|  |  |  |  | 8746577 |
|  | **Pennsylvania — 3.6%** | **Pennsylvania — 3.6%** | **Pennsylvania — 3.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1855000 | &nbsp;&nbsp;&nbsp; Allegheny Cnty PA Hosp Dev Auth Ref Allegheny Hlth Network <br> Obligated Grp Issue, Ser A | 5.00% | 04/01/47 | 1866982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Allentown PA Comml & Indl Dev Auth Ref Executive Edu Acdmy <br> Chrt Sch Proj (a) | 5.00% | 07/01/50 | 1395192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; Allentown PA Neighborhood Impt Zone Dev Auth Tax Rev City <br> Ctr Proj (a) | 6.00% | 05/01/42 | 1374598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 665000 | &nbsp;&nbsp;&nbsp; Berks Cnty PA Indl Dev Auth Hlthcare Facs Rev Ref Highlands at <br> Wyomissing, Ser A | 5.00% | 05/15/42 | 666608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; Berks Cnty PA Indl Dev Auth Hlthcare Facs Rev Ref Highlands at <br> Wyomissing, Ser A | 5.00% | 05/15/47 | 586593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; Geisinger PA Auth Hlth Sys Rev Ref Geisinger Hlth Sys Oblig <br> Grp, Ser A | 4.00% | 04/01/50 | 656950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1080000 | Geisinger PA Auth Hlth Sys Rev Ref Geisinger Hlth Sys, Ser A-1 | 4.00% | 02/15/47 | 966641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1110000 | &nbsp;&nbsp;&nbsp; Lancaster Cnty PA Hosp Auth Hlthcare Facs Rev Moravian Manors <br> Inc Proj, Ser A | 5.00% | 06/15/38 | 1096016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Lancaster Cnty PA Hosp Auth Penn St Hlth | 5.00% | 11/01/51 | 2016419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp; Lancaster PA Muni Auth Hlthcare Facs Rev Ref Luthercare <br> Proj, Ser A | 5.00% | 12/01/55 | 1257661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1655000 | &nbsp;&nbsp;&nbsp; Montgomery Cnty PA Indl Dev Auth Exempt Facs Rev Var <br> Constellation Energy Genration LLC Proj Ref, Ser C, AMT <br> (Mandatory put 04/03/28) | 4.45% | 10/01/34 | 1701602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Montgomery Cnty PA Indl Dev Auth Ref Foulkeways at Gwynedd | 5.00% | 12/01/46 | 970545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1515000 | &nbsp;&nbsp;&nbsp; Montgomery Cnty PA Indl Dev Auth Ref Meadowood Sr Living <br> Proj, Ser A | 5.00% | 12/01/48 | 1511975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1780000 | &nbsp;&nbsp;&nbsp; PA St Econ Dev Fing Auth Exempt Facs Rev Var Ref Energy <br> Sply LLC Proj Remk, Ser C (Mandatory put 06/01/27) | 5.25% | 12/01/37 | 1781929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 310000 | PA St Econ Dev Fing Auth Rev PA Bridges Finco LP P3 Proj | 5.00% | 06/30/42 | 310120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; PA St Econ Dev Fing Auth Rev Ref Presbyterian Sr Living Prj, <br>Ser B-2 | 5.25% | 07/01/46 | 1019568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; PA St Econ Dev Fing Auth Solid Wst Disposal Rev Var Ref Core <br> Nat Res Inc Proj, AMT (Mandatory put 03/27/35) (a) | 5.45% | 01/01/51 | 540805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; PA St Econ Dev Fing Auth T/E Priv Activity Rev The Penndot <br> Major Bridges Package One Proj P3 Proj, AMT | 5.75% | 06/30/48 | 2094462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3550000 | &nbsp;&nbsp;&nbsp; PA St Econ Dev Fing Auth T/E Priv Activity Rev The Penndot <br> Major Bridges Package One Proj P3 Proj, AMT | 5.25% | 06/30/53 | 3565001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | PA St Hsg Fin Agy Sf Mtge Rev Sustainable Bond, Ser 152A | 4.70% | 10/01/51 | 2002349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10000 | PA St Turnpike Commn Turnpike Rev Ref Sub, Ser B | 5.00% | 06/01/39 | 10019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Philadelphia PA Arpt Rev Ref Priv Activity, AG, AMT | 4.00% | 07/01/38 | 991198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Philadelphia PA Arpt Rev Ref, Ser B, AMT | 5.00% | 07/01/47 | 1001699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp; Philadelphia PA Auth for Indl Dev Chrt Sch Rev Mast Chrt Sch <br> Proj | 5.00% | 08/01/50 | 919225 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Pennsylvania (Continued)** | **Pennsylvania (Continued)** | **Pennsylvania (Continued)** |  |
| $850000 | &nbsp;&nbsp;&nbsp; Philadelphia PA Auth for Indl Dev Chrt Sch Rev Philadelphia E&T <br> Chrt High Sch, Ser A | 4.00% | 06/01/56 | $638059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp; Philadelphia PA Gas Wks Rev Ref 1998 Gen Ordinance <br> Fifteenth, Ser | 5.00% | 08/01/42 | 1725544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 960000 | &nbsp;&nbsp;&nbsp; Southcentrl PA Gen Auth Rev Ref Wellspan Hlth Obligated <br> Grp, Ser A | 4.00% | 06/01/49 | 856624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495000 | &nbsp;&nbsp;&nbsp; W Cornwall Twp PA Muni Auth Ref Lebanon Vly Brethren Home <br> Proj, Ser A | 4.00% | 11/15/41 | 461656 |
|  |  |  |  | 33986040 |
|  | **Puerto Rico — 2.5%** | **Puerto Rico — 2.5%** | **Puerto Rico — 2.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5750000 | &nbsp;&nbsp;&nbsp; Puerto Rico Cmwlth Aqueduct & Swr Auth Rev Ref Sr Lien, <br>Ser A (a) | 5.00% | 07/01/47 | 5717069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2900000 | Puerto Rico Cmwlth Restructured, Ser A1 | 4.00% | 07/01/33 | 2898326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3002265 | Puerto Rico Cmwlth Restructured, Ser A1 | 4.00% | 07/01/35 | 2977582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4358267 | Puerto Rico Cmwlth Restructured, Ser A1 | 4.00% | 07/01/41 | 4083847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; Puerto Rico Indl Tourist Eductnl Med & Envrnmntl Control Fac <br> San Juan Cruise Terminal Proj, Ser 2023-A-2-P3, AMT | 6.50% | 01/01/42 | 278847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5866000 | &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Fing Corp Sales Tax Rev Restructured <br> Converted, Ser A-2 | 4.33% | 07/01/40 | 5814154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1170000 | &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Fing Corp Sales Tax Rev Restructured, <br>Ser A-1 | 4.55% | 07/01/40 | 1171774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1031000 | &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Fing Corp Sales Tax Rev Restructured, <br>Ser A-2 | 4.33% | 07/01/40 | 1021888 |
|  |  |  |  | 23963487 |
|  | **Rhode Island — 0.3%** | **Rhode Island — 0.3%** | **Rhode Island — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | Tobacco Stlmt Fing Corp RI Ref, Ser A | 5.00% | 06/01/40 | 2500474 |
|  | **South Carolina — 1.2%** | **South Carolina — 1.2%** | **South Carolina — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 285000 | Berkeley Cnty SC Assmnt Rev Nexton Impt Dist | 4.00% | 11/01/30 | 283721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp; Lancaster Cnty SC Assmnt Rev Ref Walnut Creek Impt Dist, <br>Ser A-1 | 5.00% | 12/01/31 | 230176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Lexington Cnty SC Hlth Svcs Dist Lexington Med Ctr | 5.00% | 11/01/41 | 2001648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | SC St Hsg Fin & Dev Auth Mtge Rev, Ser A | 4.50% | 07/01/46 | 992645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; SC St Jobs Econ Dev Auth Econ Dev Rev Bishop Gadsden <br> Episcopal Retmnt Cmnty | 5.13% | 04/01/46 | 1273958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; SC St Jobs Econ Dev Auth Econ Dev Rev Ref The Woodlands at <br> Furman | 4.00% | 11/15/32 | 298196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1085000 | &nbsp;&nbsp;&nbsp; SC St Jobs Econ Dev Auth Econ Dev Rev Ref The Woodlands at <br> Furman | 5.25% | 11/15/47 | 1082373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; SC St Jobs Econ Dev Auth Econ Dev Rev Ref The Woodlands at <br> Furman | 5.25% | 11/15/52 | 241773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420000 | &nbsp;&nbsp;&nbsp; SC St Jobs Econ Dev Auth Econ Dev Rev Woodlands at Furman <br> Proj, Ser A | 5.00% | 11/15/54 | 387981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; SC St Jobs Econ Dev Auth Hlth Facs Rev Rolling Green Vlg <br> Proj, Ser A | 5.00% | 12/01/40 | 1013037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; SC St Jobs Econ Dev Auth Hlth Facs Rev Rolling Green Vlg <br> Proj, Ser A | 5.50% | 12/01/45 | 510655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; SC St Jobs Econ Dev Auth Hlth Facs Rev Rolling Green Vlg <br> Proj, Ser A | 5.80% | 12/01/50 | 1014126 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **South Carolina (Continued)** | **South Carolina (Continued)** | **South Carolina (Continued)** |  |
| $1000000 | &nbsp;&nbsp;&nbsp; SC St Jobs Econ Dev Auth Hlthcare Rev Beaufort Memorial Hosp <br> & S of Broad Hlthcare Proj | 5.50% | 11/15/44 | $1035889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; SC St Jobs Econ Dev Auth Hlthcare Rev Beaufort Memorial Hosp <br> & S of Broad Hlthcare Proj | 5.75% | 11/15/54 | 1010178 |
|  |  |  |  | 11376356 |
|  | **South Dakota — 0.2%** | **South Dakota — 0.2%** | **South Dakota — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; SD St Hlth & Eductnl Facs Auth Ref Westhills Vlg Retmnt Cmnty <br> Issue, Ser A | 5.00% | 09/01/50 | 1505990 |
|  | **Tennessee — 0.8%** | **Tennessee — 0.8%** | **Tennessee — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1755000 | &nbsp;&nbsp;&nbsp; Rutherford Cnty TN Hlth & Eductnl Facs Brd Stdt Hsg Rev <br> Madrone MTSU Stdt Hsg I LLC Proj, Ser A-1, BAM | 5.00% | 07/01/45 | 1801843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Shelby Cnty TN Hlth Edl & Hsg Fac Brd Stdt Hsg Rev Madrone <br> Memphis Stdt Hsg I LLC Univ Memphis Proj, Ser A1 (a) | 5.00% | 06/01/44 | 2013282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | TN St Energy Acq Corp Gas Rev Ref, Ser A | 5.00% | 12/01/35 | 2649710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp; TN St Energy Acq Corp Gas Rev Var Ref Gas Proj, Ser A-1 <br> (Mandatory put 05/01/28) | 5.00% | 05/01/53 | 823574 |
|  |  |  |  | 7288409 |
|  | **Texas — 7.6%** | **Texas — 7.6%** | **Texas — 7.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Anna TX Spl Assmnt Rev Sherley Farms Pub Impt Dt Impt Area #1 <br> Proj (a) | 5.35% | 09/15/46 | 999777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1085000 | &nbsp;&nbsp;&nbsp; Anson TX Edu Facs Corp Edu Rev Arlington Classics Acdmy, <br>Ser A | 5.00% | 08/15/45 | 1070599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Arlington TX Hgr Edu Fin Corp Edu Rev Ref Basis TX Chrt <br> Schs (a) | 5.63% | 06/15/45 | 513868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Arlington TX Hgr Edu Fin Corp Edu Rev Ref Basis TX Chrt <br> Schs (a) | 5.75% | 06/15/55 | 1009740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Aubrey TX Spl Assmnt Ref Jackson Ridge Pub Impt Dt Phase #1 & <br> #2 Assmnts, BAM | 5.00% | 09/01/45 | 1039607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2080000 | Austin TX Arpt Sys Rev, Ser B, AMT | 5.00% | 11/15/46 | 2082932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1410000 | Cool Wtr Muni Util Dist TX, Ser A, BAM | 5.00% | 08/15/45 | 1439803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1556000 | &nbsp;&nbsp;&nbsp; Crandall TX Spl Assmnt Rev Cartwright Ranch Pub Impt Dt Impt <br> Area #1 Proj (a) | 4.25% | 09/15/41 | 1492527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565000 | &nbsp;&nbsp;&nbsp; Decatur TX Spl Assmnt Rev Paloma Trails Pub Impt Dt Impt Area <br> #1 Proj (a) | 5.50% | 09/15/45 | 579790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2395000 | &nbsp;&nbsp;&nbsp; Denton Cnty TX Spl Assmnt Rev Green Meadows Pub Impt Dt <br> Impt Area #1 Proj (a) | 5.38% | 12/31/45 | 2479997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Denton Cnty TX Spl Assmnt Rev Sr Lien Tabor Ranch Pub Improv <br> Dist Improv Area #1, Ser A (a) | 5.63% | 12/31/54 | 2011884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70000 | E Montgomery Cnty Mun Util Dist No 7 TX, BAM | 4.00% | 09/01/45 | 65719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; E Waller Cnty Mgmt Dist TX Spl Assmnt Rev Sofi Lakes Section 1 <br> & 2 Proj (a) | 6.00% | 09/15/45 | 1041097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; E Waller Cnty Mgmt Dist TX Spl Assmnt Rev Sofi Lakes Section 1 <br> & 2 Proj (a) | 6.25% | 09/15/55 | 1027422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1445000 | &nbsp;&nbsp;&nbsp; Fate TX Spl Assmnt Rev Monterra Pub Impt Dt Impt Area #1 <br> Proj (a) | 4.00% | 08/15/51 | 1178693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Fate TX Spl Assmnt Rev Monterra Pub Impt Dt Impt Area #2 <br> Proj (a) | 5.38% | 08/15/44 | 1014021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1577000 | &nbsp;&nbsp;&nbsp; Ferris TX Spl Assmnt Rev Woodstone Pub Impt Dist No 2 Impt <br> Area 1 Proj (a) | 4.00% | 09/01/51 | 1297260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; Galveston TX Wharves & Terminal Rev Wharves & Terminal First <br> Lien, AMT | 5.25% | 08/01/37 | 426903 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Texas (Continued)** | **Texas (Continued)** | **Texas (Continued)** |  |
| $250000 | &nbsp;&nbsp;&nbsp; Galveston TX Wharves & Terminal Rev Wharves & Terminal First <br> Lien, AMT | 5.25% | 08/01/38 | $265596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Harris Cnty TX Cultural Edu Facs Fin Corp Rev Memorial <br> Hermann Hlth Sys | 5.00% | 07/01/45 | 500572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Harris Cnty TX Hosp Dist Ctfs of Oblig | 5.25% | 02/15/50 | 2123365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1025000 | &nbsp;&nbsp;&nbsp; Haslet TX Spl Assmnt Rev Haslet Pub Impt Dist #5 Impt Area <br> #1 (a) | 4.13% | 09/01/39 | 976359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Houston TX Arpt Sys Rev Ref United Airls Inc Arpt Impt Proj, <br>Ser C, AMT | 5.00% | 07/15/27 | 1015914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Houston TX Arpt Sys Rev Ref United Airls Inc Terminal Impt <br> Proj, Ser B, AMT | 5.50% | 07/15/35 | 2146494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Houston TX Arpt Sys Rev Subord Lien, Ser A, AMT | 5.50% | 07/01/50 | 2124520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1460000 | &nbsp;&nbsp;&nbsp; Houston TX Arpt Sys Rev United Airls Inc Terminal E Proj, Ser A, <br> AMT | 4.00% | 07/01/41 | 1354463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Houston TX Arpt Sys Rev United Airls Inc Terminal Impt Proj, <br>Ser B, AMT | 5.50% | 07/15/35 | 1622637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Houston TX Arpt Sys Rev United Airls Inc Terminal Impt Proj, <br>Ser B, AMT | 5.50% | 07/15/37 | 1605700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1065000 | &nbsp;&nbsp;&nbsp; Houston TX Arpt Sys Rev United Airls Inc Terminal Impt Proj, <br>Ser B-1, AMT | 4.00% | 07/15/41 | 987875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp; Houston TX Hgr Edu Fin Corp Ununiv Rev Houston Christian Univ <br> Proj | 5.13% | 10/01/51 | 602538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp; Justin TX Spl Assmnt Rev Timberbrook Pub Imp Dt #1 Imp Area <br> #2 Proj (a) | 3.38% | 09/01/41 | 373226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690000 | Kyle TX Spl Assmnt Rev 6 Creeks Pub Impt Dist Area #4 (a) | 4.50% | 09/01/33 | 704202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245000 | Kyle TX Spl Assmnt Rev 6 Creeks Pub Impt Dist Impt Area #1 (a) | 4.13% | 09/01/29 | 246077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Kyle TX Spl Assmnt Rev 6 Creeks Pub Impt Dist Impt Area #1 (a) | 4.63% | 09/01/39 | 502429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 935000 | &nbsp;&nbsp;&nbsp; Kyle TX Spl Assmnt Rev 6 Creeks Pub Impt Dt Impt Area #3 <br> Proj (a) | 4.00% | 09/01/46 | 805020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp;&nbsp; Lakewood Vlg TX Spl Assmnt Rev Lakewood Vlg Pub Impt Dist <br> No 1 Proj (a) | 5.38% | 09/15/52 | 2405042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429000 | &nbsp;&nbsp;&nbsp; Lavon TX Spl Assmt Rev Elevon Pub Impt Dist Impt Area #1 <br> Proj (a) | 5.00% | 09/15/44 | 429350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; Lavon TX Spl Assmt Rev Elevon Pub Impt Dist Impt Area #1 <br> Proj (a) | 5.38% | 09/15/52 | 399985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; Lavon TX Spl Assmt Rev Elevon Pub Impt Dist Impt Area #2A-2B <br> Proj (a) | 5.13% | 09/15/44 | 615069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 729000 | &nbsp;&nbsp;&nbsp; Lavon TX Spl Assmt Rev Elevon Pub Impt Dist Impt Area #2A-2B <br> Proj (a) | 5.50% | 09/15/54 | 734306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Liberty Hill TX Spl Assmnt Rev Butler Farms Pub Imp Dt Areas #1 <br> and 2 Proj (a) | 3.38% | 09/01/42 | 838513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp; Liberty Hill TX Spl Assmnt Rev Butler Farms Pub Imp Dt Areas #1 <br> and 2 Proj (a) | 4.00% | 09/01/52 | 1093459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp; Little Elm TX Spl Assmnt Rev Lakeside Estates Pub Impt Dist #2 <br> Proj (a) | 5.00% | 09/01/47 | 1704558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501000 | &nbsp;&nbsp;&nbsp; Lowry Crossing TX Spl Assmnt Rev Simpson Road Pub Impt Dist <br> Projs (a) | 5.75% | 09/15/45 | 520346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Marble Falls TX Spl Assmnt Rev Thunder Rock Pub Impt Dist Impt <br> Area #1 Proj (a) | 4.13% | 09/01/41 | 919243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 869000 | &nbsp;&nbsp;&nbsp; Mesquite TX Spl Assmnt Rev Solterra Pub Impt Dt Impt Area C-4 <br> Proj | 5.25% | 09/01/45 | 874790 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Texas (Continued)** | **Texas (Continued)** | **Texas (Continued)** |  |
| $1125000 | &nbsp;&nbsp;&nbsp; Mission TX Econ Dev Corp Sol Wst Disp Rev Var Sustainable <br> Bonds Graphic Packaging Inter LLC Proj, AMT (Mandatory put <br> 06/01/30) | 5.00% | 12/01/64 | $1172027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; N Parkway Muni Mgmt Dist #1 TX Spl Assmnt Rev Major Impts <br> Proj (a) | 5.00% | 09/15/51 | 689526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655000 | &nbsp;&nbsp;&nbsp; New Hope Cultural Ed Facs Fin Corp TX Retmnt Fac Rev Ref <br> Brazos Presbyterian Homes Inc Proj | 5.38% | 01/01/55 | 659332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | Newark Hgr Edu Fin Corp TX Edu Rev Hughen Ctr Inc Proj, Ser A | 5.00% | 08/15/42 | 635784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp; Oak Point TX Spl Assmnt Rev Oak Point 720 Pub Impt DT Impt <br> Area #1 Proj (a) | 5.35% | 09/15/44 | 1112119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Pilot Point TX Spl Assmnt Rev Bryson Ranch Pub Impt Dt Zone A <br> Impt Area #1 Proj (a) | 6.38% | 09/15/55 | 516712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Port Beaumont TX Nav Dist Dock & Wharf Fac Rev Jefferson Gulf <br> Coast Energy Proj, Ser A, AMT (a) | 5.13% | 01/01/44 | 1454799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Princeton TX Spl Assmnt Rev Eastridge Pub Impt DT Impt Area #3 <br> Proj (a) | 5.25% | 09/01/54 | 990913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp; Princeton TX Spl Assmnt Rev Eastridge Pub Impt Dt Impt Area No <br> 4 Proj (a) | 5.38% | 09/01/45 | 212730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2200000 | &nbsp;&nbsp;&nbsp; Princeton TX Spl Assmnt Rev Whitewing Trails Pub Impr Dist #2 <br> Phase 2 Proj Rev (a) | 5.13% | 09/01/43 | 2229628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1515000 | &nbsp;&nbsp;&nbsp; Princeton TX Spl Assmnt Rev Whitewing Trails Pub Impt Dt #2 <br> Phase 1 Proj (a) | 4.75% | 09/01/49 | 1451519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2300000 | &nbsp;&nbsp;&nbsp; Princeton TX Spl Assmnt Rev Winchester Crossing Pub Impt Dt <br> No 3 Proj (a) | 5.38% | 09/01/54 | 2303868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1550000 | Princeton TX Spl Assmnt Rev Winchester Pub Impr Dist #2 Proj (a) | 5.13% | 09/01/42 | 1575233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp; Rowlett TX Spl Assmnt Rev Trails at Cottonwood Creek Pub Imp <br> Dist Major Imp Area Proj (a) | 3.75% | 09/15/31 | 202138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; Rowlett TX Spl Assmnt Rev Trails at Cottonwood Creek Pub Imp <br> Dist Major Imp Area Proj (a) | 4.13% | 09/15/41 | 456282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 765000 | &nbsp;&nbsp;&nbsp; Rowlett TX Spl Assmnt Rev Trails at Cottonwood Creek Pub Imp <br> Dist Major Imp Area Proj (a) | 4.25% | 09/15/51 | 645267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2442000 | San Marcos TX Spl Assmnt Rev Whisper S Pub Imp Dt (a) | 4.25% | 09/01/42 | 2269091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1337000 | San Marcos TX Spl Assmnt Rev Whisper S Pub Imp Dt (a) | 4.50% | 09/01/51 | 1172337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 565000 | Santa Fe TX Spl Assmnt Rev Mulberry Farms Pub Impt Dist (a) | 4.88% | 09/01/42 | 554444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp; TX St Priv Activity Bond Surface Transprtn Corp Rev Ref Sr Lien <br> Bond Surface Transprtn Corp, AMT | 5.50% | 06/30/42 | 1838007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 530000 | Westpointe Spl Impt Dist TX, BAM | 5.00% | 08/15/41 | 560320 |
|  |  |  |  | 71965363 |
|  | **U.S. Virgin Islands — 0.1%** | **U.S. Virgin Islands — 0.1%** | **U.S. Virgin Islands — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Virgin Islands Pub Fin Auth Hotel Occupancy Tax Rev <br> Frenchman's Reef Hotel Dev, Ser A (a) | 6.00% | 04/01/53 | 1003572 |
|  | **Utah — 5.1%** | **Utah — 5.1%** | **Utah — 5.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2600000 | &nbsp;&nbsp;&nbsp; Arrowhead Springs Pub Infra Dist UT Spl Assmnt Arrowhead <br> Springs Assmnt Area (a) | 5.63% | 12/01/54 | 2626229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Black Desert Pub Infra Dist UT Spl Assmnt Black Desert Assmnt <br> Area #1 (a) | 5.63% | 12/01/53 | 2035221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Black Desert Pub Infra Dist UT Sr Bonds, Ser A (a) | 4.00% | 03/01/51 | 1234247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1945000 | Downtown Daybreak Pub Infra Dist #1 UT Tax Incr Rev (a) | 5.63% | 03/01/46 | 1978316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp; Fields Estates Pub Infra Dist UT Spl Assmnt Fields Estates Assmnt <br> Area, Ser A-2 (a) | 5.25% | 12/01/53 | 2213892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3450000 | Fields Estates Pub Infra Dist UT, Ser A-1 (a) | 6.13% | 03/01/55 | 3473018 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Utah (Continued)** | **Utah (Continued)** | **Utah (Continued)** |  |
| $1000000 | Firefly Pub Infra Dist #1 UT, Ser A-1 (a) | 6.63% | 03/01/54 | $1029139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Jordanelle Ridge Pub Infra Dist #2 UT, Ser A (a) | 7.75% | 03/01/54 | 2088802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Mida Cormont Pub Infra Dist UT Conv, Ser A-2, CABS, steps up to <br> 6.75% on 06/01/29 (a) (f) | 0.00% | 06/01/55 | 1740806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1115000 | Mida Cormont Pub Infra Dist UT, Ser A-1 (a) | 6.25% | 06/01/55 | 1172057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Mida Golf & Equestrian Ctr Pub Infra Dist UT Ltd (a) | 4.63% | 06/01/57 | 1708472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Mida Mountain Vlg Pub Infra Dist UT Tax Allocation, Ser 1 (a) | 5.50% | 06/01/50 | 1012769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | Military Installation Dev Auth UT Tax Allocation Rev, Ser A-2 | 4.00% | 06/01/52 | 2500121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1485000 | Olympia Pub Infra Dist #1 UT, Ser A-1 (a) | 6.38% | 03/01/55 | 1529994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1335000 | Panorama Pub Infra Dist #1 UT Ser A (a) | 6.25% | 03/01/55 | 1350460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; Pine View Pub Infra Dist #2 UT Spl Assmnt Firelight Assmnt Area <br> No. 1 (a) | 6.25% | 12/01/55 | 1509339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2730000 | S Salt Lake UT Redev Agy Tax Increment Rev (a) | 6.25% | 04/15/46 | 2790248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2930000 | Salt Lake City UT Arpt Rev, Ser A, AMT | 5.25% | 07/01/48 | 3034281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Soleil Hills Pub Infra Dist #1 UT, Ser A (a) | 5.88% | 03/01/55 | 2006969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475000 | &nbsp;&nbsp;&nbsp; UT St Chrt Sch Fin Auth Chrt Sch Rev Mountain W Montessori <br> Acdmy Proj, Ser A (a) | 5.00% | 06/15/39 | 463888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1705000 | &nbsp;&nbsp;&nbsp; UT St Chrt Sch Fin Auth Chrt Sch Rev Ref Ronald Wilson Reagan <br> Acdmy Proj, Ser A (a) | 5.00% | 02/15/46 | 1495669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675000 | &nbsp;&nbsp;&nbsp; UT St Chrt Sch Fin Auth Chrt Sch Rev Wallace Stegner Acdmy <br> Proj, Ser A (a) | 5.00% | 06/15/39 | 662974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3010000 | &nbsp;&nbsp;&nbsp; UT St Chrt Sch Fin Auth Chrt Sch Rev Wallace Stegner <br> Acdmy, Ser A (a) | 5.63% | 06/15/42 | 3041775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Verk Indl Regl Pub Infra Dist UT Tax (a) | 6.63% | 09/01/47 | 1593978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2700000 | &nbsp;&nbsp;&nbsp; Wakara Ridge Pub Infra Dist UT Spl Assmnt Wakara Ridge <br> Assmnt Area (a) | 5.63% | 12/01/54 | 2763164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1247267 | &nbsp;&nbsp;&nbsp; Wood Ranch Pub Infra Dist UT Spl Assmnt Wood Ranch Assmnt <br> Area No 1 (a) | 5.63% | 12/01/53 | 1258605 |
|  |  |  |  | 48314433 |
|  | **Vermont — 0.1%** | **Vermont — 0.1%** | **Vermont — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260000 | VT St Econ Dev Auth Mtge Rev Ref Wake Robin Corp Proj, Ser A | 4.00% | 05/01/37 | 251713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; VT St Econ Dev Auth Solid Wst Disp Rev Var Casella Wst Sys Inc <br> Remk, AMT (Mandatory put 04/03/28) (a) | 4.63% | 04/01/36 | 1009764 |
|  |  |  |  | 1261477 |
|  | **Virginia — 2.4%** | **Virginia — 2.4%** | **Virginia — 2.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; Hanover Cnty VA Econ Dev Auth Rsdl Care Fac Rev Ref Covenant <br> Woods | 5.00% | 07/01/51 | 2831142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1060000 | &nbsp;&nbsp;&nbsp; Henrico Cnty VA Econ Dev Auth Rsdl Care Fac Rev Ref Lifespire <br> of VA, Ser C | 5.00% | 12/01/37 | 1077845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 880000 | &nbsp;&nbsp;&nbsp; Henrico Cnty VA Econ Dev Auth Rsdl Care Fac Rev Ref Lifespire <br> of VA, Ser C | 5.00% | 12/01/47 | 882065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; Powhatan Cnty VA Econ Dev Auth Grant Rev Chesterfield Hotel <br> Proj, Ser A (a) | 6.13% | 09/01/60 | 2486523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 940000 | &nbsp;&nbsp;&nbsp; Roanoke VA Econ Dev Auth Hosp Rev Ref Carilion Clinic Oblig <br> Grp, Ser A | 3.00% | 07/01/45 | 727957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Salem VA Econ Dev Auth Eductnl Facs Rev Roanoke Clg | 6.00% | 04/01/55 | 521719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; VA Small Busn Fing Auth Priv Activity Rev Sr Transform 66 P3 <br> Proj, AMT | 5.00% | 12/31/47 | 2479405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3545000 | &nbsp;&nbsp;&nbsp; VA Small Busn Fing Auth Priv Activity Rev Sr Transform 66 P3 <br> Proj, AMT | 5.00% | 12/31/49 | 3471280 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Virginia (Continued)** | **Virginia (Continued)** | **Virginia (Continued)** |  |
| $1000000 | &nbsp;&nbsp;&nbsp; VA St Small Busn Fing Auth Rev Ref Sr Lien 95 Express <br> Lanes LLC Proj, AMT | 5.00% | 01/01/38 | $1045971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; VA St Small Busn Fing Auth Rsdl Fac Care Rev Ref Lifespire of <br> VA | 4.00% | 12/01/31 | 765744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; VA St Small Busn Fing Auth Rsdl Fac Care Rev Ref Lifespire of <br> VA, Ser A | 5.50% | 12/01/54 | 3104140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Virginia Beach VA Dev Auth Rsdl Care Fac Rev Ref Westminster <br> Canterbury on Chesapeake Bay | 5.00% | 09/01/29 | 1024272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Virginia Beach VA Dev Auth Rsdl Care Fac Rev Westminster <br> Canterbury on Chesapeake Bay, Ser A | 7.00% | 09/01/53 | 2191001 |
|  |  |  |  | 22609064 |
|  | **Washington — 1.4%** | **Washington — 1.4%** | **Washington — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Port of Seattle WA Rev Ref Intermediate Lien Priv Activity, Ser C, <br> AMT | 5.00% | 08/01/39 | 1058249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; Port of Seattle WA Rev Ref Intermediate Lien Priv Activity, Ser C, <br> AMT | 5.00% | 08/01/46 | 2051852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1950000 | Skagit Cnty WA Pub Hosp Dist #1 | 5.50% | 12/01/54 | 1981540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 975000 | WA St Convention Ctr Pub Facs Dist Sub | 5.00% | 07/01/48 | 975004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875000 | WA St Hgr Edu Facs Auth Seattle Univ Proj Rev | 4.00% | 05/01/45 | 801330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; WA St Hsg Fin Commn Nonprofit Hsg Rev Ref Emerald Heights <br> Proj, Ser A | 5.00% | 07/01/43 | 1532285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp; WA St Hsg Fin Commn Nonprofit Hsg Rev Ref Emerald Heights <br> Proj, Ser A | 5.00% | 07/01/48 | 1189374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; WA St Hsg Fin Commn Nonprofit Hsg Rev Ref Horizon House <br> Proj, Ser A | 6.00% | 01/01/46 | 1023575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; WA St Hsg Fin Commn Nonprofit Hsg Rev Ref Horizon House <br> Proj, Ser A | 6.25% | 01/01/56 | 1011602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; WA St Hsg Fin Commn Nonprofit Rev Radford Court & Nordheim <br> Court Portfolio | 5.50% | 07/01/49 | 506104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 912119 | WA St Hsg Fin Commn Sustainable Ctf, Ser A-1, Class A | 3.50% | 12/20/35 | 880522 |
|  |  |  |  | 13011437 |
|  | **West Virginia — 0.3%** | **West Virginia — 0.3%** | **West Virginia — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; Monongalia Cnty WV Commn TX Incr Rev Ref Dev Dist #4 Univ <br> Twn Centre, Ser A (a) | 5.00% | 06/01/33 | 625445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 440000 | &nbsp;&nbsp;&nbsp; Monongalia Cnty WV Commn TX Incr Rev Ref Dev Dist #4 Univ <br> Twn Centre, Ser A (a) | 5.75% | 06/01/43 | 470698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; WV St Econ Dev Auth Sol Wst Disp Facs Var Ref Core Nat Res <br> Inc Proj, AMT (Mandatory put 03/27/35) (a) | 5.45% | 01/01/55 | 1081411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1050000 | WV St Hosp Fin Auth Vandalia Hlth Grp, Ser B, AG | 5.50% | 09/01/48 | 1111601 |
|  |  |  |  | 3289155 |
|  | **Wisconsin — 5.0%** | **Wisconsin — 5.0%** | **Wisconsin — 5.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Chrt Sch Rev American Preparatory Acdmy Las <br> Vegas 2 Proj, Ser A (a) | 5.00% | 07/15/39 | 918336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Chrt Sch Rev American Preparatory Acdmy Las <br> Vegas 2 Proj, Ser A (a) | 5.00% | 07/15/54 | 1431217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700000 | Pub Fin Auth WI Chrt Sch Rev Eno River Acdmy Proj, Ser A (a) | 4.00% | 06/15/30 | 694651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 810000 | Pub Fin Auth WI Chrt Sch Rev Eno River Acdmy Proj, Ser A (a) | 5.00% | 06/15/40 | 812970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 685000 | Pub Fin Auth WI Chrt Sch Rev Eno River Acdmy Proj, Ser A (a) | 5.00% | 06/15/54 | 628950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Chrt Sch Rev Founders of Acdmy Las Vegas <br> Proj, Ser A (a) | 4.00% | 07/01/30 | 344353 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Wisconsin (Continued)** | **Wisconsin (Continued)** | **Wisconsin (Continued)** |  |
| $300000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Chrt Sch Rev Founders of Acdmy Las Vegas <br> Proj, Ser A (a) | 6.38% | 07/01/43 | $314603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Chrt Sch Rev Founders of Acdmy Las Vegas <br> Proj, Ser A (a) | 5.00% | 07/01/55 | 1118416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Chrt Sch Rev Founders of Acdmy Las Vegas <br> Proj, Ser A (a) | 6.75% | 07/01/58 | 570199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Chrt Sch Rev Ltd American Prep Acdmy Las <br> Vegas Proj, Ser A (a) | 4.20% | 07/15/27 | 229775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Chrt Sch Rev Ltd American Prep Acdmy Las <br> Vegas Proj, Ser A (a) | 5.13% | 07/15/37 | 375875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Chrt Sch Rev Ltd American Prep Acdmy Las <br> Vegas Proj, Ser A (a) | 5.38% | 07/15/52 | 1183242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Chrt Sch Rev Ref N E Carolina Preparatory <br> Sch, Ser A | 5.25% | 06/15/54 | 981485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Pub Fin Auth WI Edu Rev Bonnie Cone Classical Acdmy Inc (g) | 5.50% | 06/15/49 | 1593472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Pub Fin Auth WI Edu Rev Coral Acdmy Science Las Vegas, Ser A | 5.00% | 07/01/43 | 997105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Pub Fin Auth WI Edu Rev Coral Acdmy Science Las Vegas, Ser A | 5.00% | 07/01/45 | 1476573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500000 | Pub Fin Auth WI Edu Rev Ref Mountain Island Chrt Sch Ltd | 5.00% | 07/01/37 | 500105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200000 | Pub Fin Auth WI Edu Rev Ref Mountain Island Chrt Sch Ltd | 5.00% | 07/01/52 | 183625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Edu Rev Ref Pinecrest Acdmy NV Sloan Canyon <br> Cmps Proj, Ser A (a) | 4.50% | 07/15/49 | 356458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | Pub Fin Auth WI Edu Rev Ref Triad Eductnl Svcs Inc | 5.25% | 06/15/45 | 1178109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1140000 | Pub Fin Auth WI Edu Rev Triad Eductnl Svcs Inc | 5.00% | 06/15/42 | 1124491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1175000 | Pub Fin Auth WI Edu Rev Triad Eductnl Svcs Inc, Ser A | 4.00% | 06/15/41 | 1023475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160000 | Pub Fin Auth WI Eductnl Rev Piedmont Cmnty Chrt Sch | 5.00% | 06/15/27 | 162167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | Pub Fin Auth WI Hosp Rev Ref Carson Vly Med Ctr, Ser A (a) | 4.00% | 12/01/41 | 1364545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Hotel Rev Sr Lien Grand Hyatt San Antonio <br> Hotel Acq Proj, Ser A | 5.00% | 02/01/42 | 1029349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1335000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Retmnt Cmntys Rev Acts Retmnt Life Cmntys Inc <br> Oblig Grp, Ser A | 5.00% | 11/15/41 | 1371373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Retmnt Cmntys Rev Ref Evergreens Retmnt <br> Cmnty, Ser A | 5.00% | 11/15/49 | 1738785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 685000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Retmnt Fac Rev Ref United Methodist Retmnt <br> Homes, Ser A | 4.00% | 10/01/46 | 625330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 315000 | Pub Fin Auth WI Retmnt Fac Rev Southminster (a) | 5.00% | 10/01/43 | 315111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1510000 | Pub Fin Auth WI Retmnt Fac Rev Southminster (a) | 5.00% | 10/01/48 | 1436230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2905000 | Pub Fin Auth WI Rev Anthem Freedom Proj, CABS (a) | (c) | 12/15/37 | 1440909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3064000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Rev Creekhaven Wildrye and Furst Ranch Projs, <br> CABS (a) | (c) | 12/15/36 | 1564212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1125000 | Pub Fin Auth WI Rev Ref Kahala Nui Proj | 5.25% | 11/15/50 | 1146042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | Pub Fin Auth WI Rev Sr Proton Intl AR LLC, Ser A (e) (g) | 6.85% | 01/01/51 | 1363363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1215000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Sr Living Rev Ref Mary's Woods at Marylhurst <br> Proj, Ser A (a) | 5.00% | 05/15/31 | 1223481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1275000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Sr Living Rev Ref Mary's Woods at Marylhurst <br> Proj, Ser A (a) | 5.00% | 05/15/32 | 1283523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1225000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Sr Living Rev Ref Mary's Woods at Marylhurst <br> Proj, Ser A (a) | 5.25% | 05/15/47 | 1219504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Stdt Hsg Rev NC A&T Real Estate Fdtn LLC <br> Proj, Ser B | 5.00% | 06/01/44 | 1889059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Stdt Hsg Rev Sr KSU Bixby Real Estate <br> Fdtn LLC Proj, Ser A | 5.25% | 06/15/50 | 754988 |

---

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Wisconsin (Continued)** | **Wisconsin (Continued)** | **Wisconsin (Continued)** |  |
| $4110000 | Pub Fin Auth WI Tax Incr Rev Miami Worldcenter Proj, Ser A (a) | 5.00% | 06/01/41 | $4130654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2750000 | Pub Fin Auth WI Toll Rev Sr GA Sr 400 Express Lanes Proj, AMT | 5.75% | 06/30/60 | 2820182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | Pub Fin Auth WI Toll Rev Sr GA Sr 400 Express Lanes Proj, AMT | 6.50% | 06/30/60 | 1101985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | WI Hlth Edl Facs Auth Sr Living Rev Chiara Hsg and Svcs Inc Proj | 5.88% | 07/01/55 | 1005269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp; WI St Hlth & Eductnl Facs Auth Rev Ref Benevolent Corp Cedar <br> Cmnty | 5.38% | 06/01/50 | 951771 |
|  |  |  |  | 47975317 |
|  | **Wyoming — 0.1%** | **Wyoming — 0.1%** | **Wyoming — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1490000 | Laramie Cnty WY Hosp Rev Ref Cheyenne Regl Med Ctr Proj | 3.00% | 05/01/42 | 1274912 |
|  | **Total Investments — 98.6%** | **Total Investments — 98.6%** | **Total Investments — 98.6%** | 937013248 |
|  | (Cost $924,866,753) | (Cost $924,866,753) | (Cost $924,866,753) |  |
|  | **Net Other Assets and Liabilities — 1.4%** | **Net Other Assets and Liabilities — 1.4%** | **Net Other Assets and Liabilities — 1.4%** | 13423923 |
|  | **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $950437171 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) This security, sold within the terms of a private placement memorandum, is exempt
 from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the "1933 Act"), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the "Advisor"). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined
 based on security specific factors and assumptions, which require subjective judgment. At April 30, 2026, securities noted
 as such amounted to $312,101,202 or 32.8% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate demand bond. Interest rate is reset periodically by the agent based
 on current market conditions.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Zero coupon security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be illiquid by the Advisor.

&nbsp;&nbsp;&nbsp;&nbsp;(e) This issuer is in default and interest is not being accrued by the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Step-up security. A security where the coupon increases or steps up at a predetermined
 date.

&nbsp;&nbsp;&nbsp;&nbsp;(g) This security, sold within the terms of a private placement memorandum, is exempt
 from registration upon resale under Rule 144A of the 1933 Act, and may be resold in transactions exempt from registration,
 normally to qualified institutional buyers (see Restricted Securities table).

&nbsp;&nbsp;&nbsp;&nbsp;(h) When-issued security. The interest rate shown reflects the rate in effect at April
 30, 2026. Interest will begin accruing on the security's first settlement date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| AG | – Assured Guaranty, Inc. |
| AMT | – Alternative Minimum Tax |
| BAM | – Build America Mutual |
| CABS | – Capital Appreciation Bonds |
| COPS | – Certificates of Participation |

---

------

**Valuation Inputs**

The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)

------

**First Trust Municipal High Income ETF (FMHI)**

**Portfolio of Investments (Continued)**

**April 30, 2026 (Unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

A summary of the inputs used to value the Fund's investments as of April 30, 2026 is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total** <br>**Value at** <br>**4/30/2026**<br>| &nbsp;&nbsp;&nbsp; **Level 1** <br>**Quoted** <br>**Prices**<br>| &nbsp;&nbsp;&nbsp; **Level 2** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| &nbsp;&nbsp;&nbsp; **Level 3** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>|
| Municipal Bonds\* | &nbsp;&nbsp; $937013248 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $937013248 | &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* See Portfolio of Investments for state and territory breakout.

------

**Restricted Securities**

As of April 30, 2026, the Fund held restricted securities as shown in the following table that the Advisor deemed illiquid pursuant to procedures adopted by the Trust's Board of Trustees:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Security | Acquisition <br>Date<br>| Principal <br>Value<br>| Current <br>Price<br>| Carrying <br>Cost<br>| Value | % of <br>Net Assets<br>|
| &nbsp;&nbsp;&nbsp; OK St Dev Fin Auth Sr OK Proton <br> Ctr, Ser A1, 7.25%, 09/01/51<br>| 02/12/21 - <br> 06/04/21<br>| &nbsp;&nbsp; $2400000 | &nbsp;&nbsp; $98.21 | &nbsp;&nbsp; $2436247 | &nbsp;&nbsp; $2357136 | 0.25<br> %<br>|
| &nbsp;&nbsp;&nbsp; Polk Cnty FL Indl Dev Auth Mineral <br> Dev LLC Secondary Phosphate <br> Tailings Recovery Proj, 5.88%, <br> 01/01/33<br>| 10/23/20 | &nbsp;&nbsp; 1000000 | 20.00 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 200000 | 0.02 |
| &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Edu Rev Bonnie <br> Cone Classical Acdmy Inc, <br> 5.50%, 06/15/49<br>| 10/24/24 | &nbsp;&nbsp; 2000000 | 79.67 | &nbsp;&nbsp; 1981783 | &nbsp;&nbsp; 1593472 | 0.17 |
| &nbsp;&nbsp;&nbsp; Pub Fin Auth WI Rev Sr Proton Intl <br> AR LLC, Ser A, 6.85%, 01/01/51<br>| 12/17/21 | &nbsp;&nbsp; 2000000 | 68.17 | &nbsp;&nbsp; 1964769 | &nbsp;&nbsp; 1363363 | 0.14 |
|  |  |  |  | &nbsp;&nbsp; $7382799 | &nbsp;&nbsp; $5513971 | 0.58<br> %<br>|

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Exchange-Traded Fund III

- **b. Investment Company Act file number:** 811-22245

- **c. CIK number of Registrant:** 0001424212

- **d. LEI of Registrant:** 5493003Z20QMESC6XS29

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

  - **Street Address 1:** 120 East Liberty Drive, Suite 400

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust Municipal High Income ETF

- **b. EDGAR series identifier (if any):** S000051606

- **c. LEI of Series:** 549300B5O1Z4DSDEG514

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $951861781.71

**Total Liabilities:** $1424610.66

**Net Assets:** $950437171.05

**Delayed Delivery Securities:** $1042680.00

**Cash Not Reported:** $181956.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 381.85003000 | **1-Year:** 13245.36110000 | **5-Year:** 150527.14211000 | **10-Year:** 422888.82184000 | **30-Year:** 18302.30108000

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

- **3-Month:** 168.05762000 | **1-Year:** 3793.39896000 | **5-Year:** 29678.57309000 | **10-Year:** 50790.74207000 | **30-Year:** 1090.26359000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000162358 | 1.55%                | -1.78%               | 1.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1134495.70             | $12214507.38                               |
| Month 2  | $-309117.21              | $-19956089.93                              |
| Month 3  | $-60026.22               | $8533655.26                                |

**Designated Index Information**

- **Index Name:** The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio.

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                                                      | Title                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CONNERTON EAST CMNTY DEV DIST FLA                                                                         | FL CDEDEV 5.25 06/15/2043 | CUSIP: 208185AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561398.90   | 0.16%             | 2043-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AEROTROPOLIS REGIONAL TRANSPORTATION AUTHORITY (CO)                                                       | CO AERTRN 5.5 12/01/2044  | CUSIP: 008051AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3338441.93   | 0.35%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SHELL PT CMNTY DEV DIST FLA                                                                               | FL SHPDEV 5.25 11/01/2039 | CUSIP: 822666AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $501812.68    | 0.05%             | 2039-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEVELOPMENT FINANCE AUTHORITY (AR)                                                               | AR ARSDEV 5.45 09/01/2052 | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4051368.40   | 0.43%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SAN MARCOS TEX                                                                                            | TX SNMGEN 4.5 09/01/2051  | CUSIP: 798801AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1337000 | PA      | $1172336.68   | 0.12%             | 2051-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF KANSAS CITY (THE) (MO)                                    | MO KANDEV 5 06/01/2054    | CUSIP: 48502MAB9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3310439.96   | 0.35%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EDGEWATER EAST COMMUNITY DEVELOPMENT DISTRICT (FL)                                                        | FL EDEDEV 4 05/01/2051    | CUSIP: 280286AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1429011.60   | 0.15%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY (MN), CITY OF                                                                                | MN APPHSG 5 09/01/2043    | CUSIP: 03800RAR7<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999995.30    | 0.11%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                               | AZ MAREDU 5 07/01/2049    | CUSIP: 56681NEN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1906893.09   | 0.20%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKALOOSA CNTY FLA                                                                                         | FL OKADEV 5.75 05/15/2055 | CUSIP: 678226AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012616.10   | 0.11%             | 2055-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE COMMN RETIREMENT FACS                                                             | NC NCSMED 5.12 10/01/2045 | CUSIP: 65820YVD5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    535000 | PA      | $560476.70    | 0.06%             | 2045-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH                                                                                 | CO COSMED 5.25 05/15/2048 | CUSIP: 19648FA87<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019369.90   | 0.11%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HEIGHTS COMMUNITY DEVELOPMENT DISTRICT (THE) (FL)                                                         | FL HGTDEV 5 01/01/2050    | CUSIP: 88339EAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2236951.94   | 0.24%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VILLAMAR CMNTY DEV DIST FLA                                                                               | FL VLLDEV 4 05/01/2029    | CUSIP: 92715KAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185866.69    | 0.02%             | 2029-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AGY FLA                                                                                        | FL CPTEDU 4 07/01/2051    | CUSIP: 14054CEB1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    525000 | PA      | $404615.19    | 0.04%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEVELOPMENT FINANCE AUTHORITY (AR)                                                               | AR ARSDEV 5.7 05/01/2053  | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024729.60   | 0.11%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HASLET TEX                                                                                                | TX HSLGEN 4.12 09/01/2039 | CUSIP: 418304AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $976358.83    | 0.10%             | 2039-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                                                                   | CA CASSCD 5.25 07/01/2048 | CUSIP: 13059THM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251789.75    | 0.03%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS (IL), STATE OF                                                                                   | IL ILS 5.5 05/01/2026     | CUSIP: 4521526J5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.03%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH                                                                                             | IA IASMED 5.75 10/01/2055 | CUSIP: 46247CER6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    750000 | PA      | $763223.78    | 0.08%             | 2055-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 5.12 07/01/2037 | CUSIP: 04052BAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1670774.38   | 0.18%             | 2037-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY (CO)                                                                 | CO COSMED 5 01/01/2031    | CUSIP: 19648FAY0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500790.65    | 0.05%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 6.75 07/01/2058 | CUSIP: 744396JG8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $570199.52    | 0.06%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GULFSTREAM POLO CMNTY DEV DIST FLA                                                                        | FL GUPDEV 4.38 11/01/2049 | CUSIP: 40275MAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2066169.65   | 0.22%             | 2049-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 4 07/01/2027    | CUSIP: 04052BCP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $548549.76    | 0.06%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH                                                                                          | IN INDHSG 5 07/01/2054    | CUSIP: 45471FAX9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1233542.75   | 0.13%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ILLINOIS DEVELOPMENT AUTHORITY                                                               | IL SWTDEV 5.75 08/01/2042 | CUSIP: 84552TAB8<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000960.60   | 0.11%             | 2042-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK (NY), CITY OF                                                                                    | NY NYC 09/01/2049         | CUSIP: 64966QH37<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.19%             | 2049-09-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 5 07/01/2037    | CUSIP: 04052BCQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $601554.78    | 0.06%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE COMMUNITY DEVELOPMENT DISTRICT (FL)                                                           | FL FRLDEV 4 05/01/2040    | CUSIP: 34585PAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $468919.80    | 0.05%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SCENIC TER SOUTH CMNTY DEV DIST FLA                                                                       | FL STSGEN 4.62 05/01/2053 | CUSIP: 806205AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1801249.00   | 0.19%             | 2053-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SAN MARCOS TEX                                                                                            | TX SNMGEN 4.25 09/01/2042 | CUSIP: 798801AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2442000 | PA      | $2269090.53   | 0.24%             | 2042-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PINON PINES MET DIST NO 3 COLO                                                                            | CO PIPFAC 0 12/01/2054    | CUSIP: 72352WAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2291619.07   | 0.24%             | 2054-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROANOKE COUNTY ECONOMIC DEVELOPMENT AUTHORITY (VA)                                                        | VA ROADEV 3 07/01/2045    | CUSIP: 770082BY0<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |    940000 | PA      | $727957.34    | 0.08%             | 2045-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT (THE) (AL)                                                                 | AL BBEUTL 11/01/2053      | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1401408.98   | 0.15%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| BARTOW COUNTY DEVELOPMENT AUTHORITY (GA)                                                                  | GA BTWPOL 11/01/2062      | CUSIP: 06964KAB2<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 0.29%             | 2062-11-01      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY (MD)                                            | MD MDSMED 5.25 08/15/2051 | CUSIP: 57421CNQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3117150.00   | 0.33%             | 2051-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO HSG FIN AGY                                                                                          | OH OHSMFH 6.25 01/01/2045 | CUSIP: 676900XZ1<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085411.80   | 0.22%             | 2045-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC ENERGY AUTHORITY OF KENTUCKY (KY)                                                                  | KY KYSPWR 02/01/2050      | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2550558.30   | 0.27%             | 2050-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CTR MET DIST NO 1 COLO                                                                          | CO JFFGEN 4.12 12/01/2040 | CUSIP: 47248EAA0<br>LEI: 549300S1EAFO90X8HQ88 | Long             | DBT              | MUN               | US        |    575000 | PA      | $550193.35    | 0.06%             | 2040-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GARDENS AT HAMMOCK BEACH CMNTY DEV DIST FLA                                                               | FL GHBDEV 4.8 05/01/2031  | CUSIP: 36549DAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $192474.79    | 0.02%             | 2031-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MAYOR AND CITY COUNCIL OF BALTIMORE (MD)                                                                  | MD BALGEN 2.95 06/01/2027 | CUSIP: 05923TCH0<br>LEI: 5493006QYFB72E0IOO54 | Long             | DBT              | MUN               | US        |    175000 | PA      | $173467.26    | 0.02%             | 2027-06-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HEALTH & EDL FACS AUTH                                                                    | SD SDSMED 5 09/01/2050    | CUSIP: 83755VY73<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505989.95   | 0.16%             | 2050-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBTRN 5.75 06/30/2060 | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2820181.65   | 0.30%             | 2060-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH                                                                                          | IN INDHSG 5 07/01/2049    | CUSIP: 45471FAW1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2437653.66   | 0.26%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE TEX                                                                                              | TX MESGEN 5.25 09/01/2045 | CUSIP: 590771BM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    869000 | PA      | $874790.06    | 0.09%             | 2045-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AVIMOR COMMUNITY INFRASTRUCTURE DISTRICT N.1 (ID)                                                         | ID AVIDEV 5.88 09/01/2053 | CUSIP: 05372AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020769.40   | 0.11%             | 2053-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LITTLE ELM (TX), TOWN OF                                                                                  | TX LTEGEN 5 09/01/2047    | CUSIP: 537098AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1704558.38   | 0.18%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 07/01/2060      | CUSIP: 04052BTS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1288398.25   | 0.14%             | 2060-07-01      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)                                                   | SC SCSMED 5.75 11/15/2054 | CUSIP: 83704HAM9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010177.50   | 0.11%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY (KY)                                                      | KY KYSDEV 5 06/01/2041    | CUSIP: 49126KKD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002452.90   | 0.11%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY (IA)                                                                               | IA IASGEN 12/01/2050      | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1471404.22   | 0.15%             | 2050-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| AVE MARIA STEWARDSHIP COMMUNITY DISTRICT (FL)                                                             | FL AVMDEV 5.25 05/01/2043 | CUSIP: 05355ABS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2449441.50   | 0.26%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 5.25 07/01/2047 | CUSIP: 04052BAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2180177.89   | 0.23%             | 2047-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 5.25 05/15/2047 | CUSIP: 74443UBB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1219504.28   | 0.13%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GARDENS AT HAMMOCK BEACH CMNTY DEV DIST FLA                                                               | FL GHBDEV 5.38 05/01/2044 | CUSIP: 36549DAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307962.06    | 0.03%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5.38 07/15/2052 | CUSIP: 744396CW0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1183241.88   | 0.12%             | 2052-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCHAUMBURG COOK & DUPAGE CNTYS ILL                                                                        | IL SMCGEN 6.12 12/30/2038 | CUSIP: 806345AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3025205.40   | 0.32%             | 2038-12-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)                                                               | CA CASFIN 5 07/01/2038    | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1054975.64   | 0.11%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA (THE) (AL)                                                 | AL UALHGR 3 10/01/2041    | CUSIP: 914745EP5<br>LEI: CKA5FU7V6HJ1ZF36V297 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1475394.47   | 0.16%             | 2041-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LEE'S SUMMIT CITY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (MO)                                             | MO LEEFAC 5 08/15/2051    | CUSIP: 524292AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $448107.35    | 0.05%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANSON EDUCATION FACILITIES CORP (TX)                                                                      | TX ANSEDU 5 08/15/2045    | CUSIP: 036472AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1070598.69   | 0.11%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA DEVELOPMENT FINANCE AUTHORITY (THE) (OK)                                                         | OK OKSDEV 7.25 09/01/2051 | CUSIP: 6789083V4<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2357136.24   | 0.25%             | 2051-09-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| FLORIDA DEVELOPMENT FINANCE CORP (FL)                                                                     | FL FLSDEV 10/01/2054      | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006023.70   | 0.11%             | 2054-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP                                                                                      | FL FLSHSG 4 06/01/2041    | CUSIP: 34061WBL7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $890518.64    | 0.09%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 5.25 06/15/2050 | CUSIP: 74439YFU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $754987.65    | 0.08%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH                                                                                     | AZ AZSEDU 4 07/15/2033    | CUSIP: 04052BPL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $358037.88    | 0.04%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALTLEAF CMNTY DEV DIST FLA                                                                               | FL SLFDEV 5.7 05/01/2046  | CUSIP: 79575MAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $844022.93    | 0.09%             | 2046-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBTRN 6.5 06/30/2060  | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101984.60   | 0.12%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AVIMOR COMMUNITY INFRASTRUCTURE DISTRICT N.1 (ID)                                                         | ID AVIDEV 5.5 09/01/2053  | CUSIP: 05372AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501493.10   | 0.16%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AUTH FLA                                                                                       | FL CTSEDU 6.12 07/01/2055 | CUSIP: 14054WDB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501345.05   | 0.16%             | 2055-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                                                                  | NY NYTTRN 5 10/01/2040    | CUSIP: 650116CZ7<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1283295.00   | 0.14%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROWLETT TEX                                                                                               | TX ROWGEN 4.25 09/15/2051 | CUSIP: 779719AL7<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    765000 | PA      | $645267.02    | 0.07%             | 2051-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS COUNTY HOSPITAL FACILITY AUTHORITY (OR)                                                         | OR CLAMED 5 11/15/2037    | CUSIP: 179027WP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1201064.98   | 0.13%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST. LOUIS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (MO)                                                    | MO STLDEV 5 09/01/2048    | CUSIP: 791524CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4359585.35   | 0.46%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY (CA)                                                     | CA CASPOL 5 07/01/2037    | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251461.38   | 0.13%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOLEIL HILLS PUB INFRASTRUCTURE DIST NO 1 UTAH                                                            | UT SOLDEV 5.88 03/01/2055 | CUSIP: 834201AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006969.00   | 0.21%             | 2055-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AUTH FLA                                                                                       | FL CTSEDU 5.25 07/01/2050 | CUSIP: 14054WBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978032.60    | 0.10%             | 2050-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY                                                                                             | KY MEADEV 08/01/2061      | CUSIP: 583022AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.38%             | 2061-08-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| MOBILE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (AL)                                                       | AL MOBPOL 4.75 12/01/2054 | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5604655.80   | 0.59%             | 2054-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY (MN), CITY OF                                                                                    | MN WDBEDU 4 07/01/2041    | CUSIP: 979134AT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $733362.66    | 0.08%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EPPERSON NORTH COMMUNITY DEVELOPMENT DISTRICT (FL)                                                        | FL EPNDEV 4 05/01/2051    | CUSIP: 29429VAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3040000 | PA      | $2523204.56   | 0.27%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO (IL), CITY OF                                                                                     | IL CHITRN 5 01/01/2048    | CUSIP: 167593L59<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2980542.90   | 0.31%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FALLSCHASE CMNTY DEV DIST FLA                                                                             | FL FALGEN 3.38 05/01/2041 | CUSIP: 306748AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1081533.63   | 0.11%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)                                                   | SC SCSDEV 4 11/15/2032    | CUSIP: 837031WJ8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    300000 | PA      | $298196.04    | 0.03%             | 2032-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5.25 06/15/2045 | CUSIP: 74442EMQ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1178109.12   | 0.12%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WEST CORNWALL TOWNSHIP MUNICIPAL AUTHORITY (PA)                                                           | PA WCOFAC 4 11/15/2041    | CUSIP: 95235TAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $461656.16    | 0.05%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5 06/15/2042    | CUSIP: 74442EKL3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1124491.10   | 0.12%             | 2042-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THREE RIVS CMNTY DEV DIST FLA                                                                             | FL THVDEV 5.5 05/01/2045  | CUSIP: 88563MAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1255396.25   | 0.13%             | 2045-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUGARLOAF CMNTY DEV DIST FLA                                                                              | FL SUGGEN 5.38 12/15/2046 | CUSIP: 865037AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $579664.06    | 0.06%             | 2046-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LINCOLNWOOD ILL                                                                                           | IL LWDGEN 4.82 01/01/2041 | CUSIP: 53509AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655407 | PA      | $1655808.44   | 0.17%             | 2041-01-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| BEXLEY COMMUNITY DEVELOPMENT DISTRICT (FL)                                                                | FL BEXDEV 4.88 05/01/2047 | CUSIP: 088570AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1951797.20   | 0.21%             | 2047-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROWLETT TEX                                                                                               | TX ROWGEN 4.12 09/15/2041 | CUSIP: 779719AK9<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    500000 | PA      | $456281.60    | 0.05%             | 2041-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CCP MET DIST NO 3 COLO                                                                                    | CO CCPDEV 5 12/01/2053    | CUSIP: 12520DAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1167000 | PA      | $1147775.89   | 0.12%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVERNMENT WATERWORKS AUTHORITY                                                                      | GU GMSUTL 5 01/01/2050    | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $157421.39    | 0.02%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST HEALTH FACS AUTH                                                                              | DE DESMED 5 06/01/2048    | CUSIP: 246388UQ3<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |   3140000 | PA      | $3153517.70   | 0.33%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                                                               | TX HOUAPT 5.5 07/01/2050  | CUSIP: 442349JU1<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2124520.40   | 0.22%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WEST MEADOW MET DIST COLO                                                                                 | CO WMEDEV 6 12/01/2038    | CUSIP: 954261AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $729854.72    | 0.08%             | 2038-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (VA)                                                    | FL CHAUTL 5 10/01/2034    | CUSIP: 16080TAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013308.50   | 0.11%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDGEWATER EAST COMMUNITY DEVELOPMENT DISTRICT (FL)                                                        | FL EDEDEV 4 05/01/2052    | CUSIP: 280286AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2630000 | PA      | $2109601.64   | 0.22%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                                                                   | CA CASGEN 5.75 09/01/2053 | CUSIP: 13051AGB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1363787.36   | 0.14%             | 2053-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP (TX)                                             | TX HAREDU 5 07/01/2045    | CUSIP: 414009KM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500571.55    | 0.05%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA (GA), CITY OF                                                                                     | GA ATLAPT 4 07/01/2037    | CUSIP: 04780TDL5<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998044.30    | 0.11%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROSSINGS CMNTY DEV DIST FLA                                                                              | FL CRSGEN 5.6 05/01/2054  | CUSIP: 22766NAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $433899.32    | 0.05%             | 2054-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CAPITAL TR AUTH FLA                                                                                       | FL CTSEDU 5 07/01/2045    | CUSIP: 14054WBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2716874.05   | 0.29%             | 2045-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LINCOLNWOOD ILL                                                                                           | IL LWDGEN 5.75 12/01/2043 | CUSIP: 53509AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1124315.17   | 0.12%             | 2043-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HAMILTON (OH), COUNTY OF                                                                                  | OH HAMMED 5.25 01/01/2045 | CUSIP: 40727RDG0<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    105000 | PA      | $107646.22    | 0.01%             | 2045-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC WATER SUPPLY DISTRICT N.2 OF ST. CHARLES COUNTY (MO)                                               | MO STSWTR 4 12/01/2044    | CUSIP: 78764YFJ1<br>LEI: 54930038VJHZW7PR1R14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $244627.33    | 0.03%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FINANCING AUTHORITY (VA)                                                          | VA VASDEV 5 01/01/2038    | CUSIP: 928104PN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045970.80   | 0.11%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5 07/01/2055    | CUSIP: 744396FT4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1118416.52   | 0.12%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN COMMERCIAL AND INDUSTRIAL DEVELOPMENT AUTHORITY (PA)                                            | PA ALTDEV 5 07/01/2050    | CUSIP: 01843AAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1395192.30   | 0.15%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAJORCA ISLES COMMUNITY DEVELOPMENT DISTRICT (FL)                                                         | FL ACAGEN 5.7 06/15/2056  | CUSIP: 00402FAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $746497.13    | 0.08%             | 2056-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| LARAMIE (WY), COUNTY OF                                                                                   | WY LARMED 3 05/01/2042    | CUSIP: 516706DQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1274911.80   | 0.13%             | 2042-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UTAH TRANSIT AUTHORITY (UT)                                                                               | UT UTSEDU 5.62 06/15/2042 | CUSIP: 91754TS61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3041774.76   | 0.32%             | 2042-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY (CO)                                                                 | CO COSMED 05/15/2062      | CUSIP: 19648FVN1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.32%             | 2062-05-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| TERRE HAUTE IND                                                                                           | IN TERMFH 5.1 01/01/2032  | CUSIP: 881080AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $391890.96    | 0.04%             | 2032-01-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ROWLETT TEX                                                                                               | TX ROWGEN 3.75 09/15/2031 | CUSIP: 779719AJ2<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    215000 | PA      | $202138.31    | 0.02%             | 2031-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH & EDL FACS AUTH                                                                     | CT CTSHGR 5 07/01/2044    | CUSIP: 20775DYV8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2467944.00   | 0.26%             | 2044-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                                                               | TX HOUAPT 5 07/15/2027    | CUSIP: 442349DJ2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015914.10   | 0.11%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HANOVER COUNTY ECONOMIC DEVELOPMENT AUTHORITY (VA)                                                        | VA HANDEV 5 07/01/2051    | CUSIP: 41077CAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2831141.70   | 0.30%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBGEN 5 02/01/2042    | CUSIP: 74447DAB3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029349.40   | 0.11%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIREFLY PUB INFRASTRUCTURE DIST NO 1 UTAH                                                                 | UT FPIDEV 6.62 03/01/2054 | CUSIP: 31816AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029139.00   | 0.11%             | 2054-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 5 11/15/2049    | CUSIP: 74446CAB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1738784.95   | 0.18%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON TEX                                                                                             | TX GALTRN 5.25 08/01/2038 | CUSIP: 364568JJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265595.68    | 0.03%             | 2038-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OMAHA NEB ARPT AUTH                                                                                       | NE OMAAPT 5.25 12/15/2043 | CUSIP: 681725NH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $812373.68    | 0.09%             | 2043-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (VA)                                                    | FL CHAUTL 4 10/01/2051    | CUSIP: 16080TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $3870220.68   | 0.41%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY (CO)                                                                 | CO COSMED 4 08/01/2039    | CUSIP: 19648FJZ8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    950000 | PA      | $932397.07    | 0.10%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEE'S SUMMIT CITY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (MO)                                             | MO LEEFAC 5 08/15/2039    | CUSIP: 524292BJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025763.00   | 0.11%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUNRISE CMNTY DEV DIST FLA                                                                                | FL SSEDEV 5.62 05/01/2045 | CUSIP: 86771UAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1586493.80   | 0.17%             | 2045-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSMED 3 02/01/2045    | CUSIP: 04052EAX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $941580.38    | 0.10%             | 2045-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS (IL), STATE OF                                                                                   | IL ILS 5 11/01/2029       | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061506.20   | 0.22%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RURAL WTR FING AGY KY                                                                                     | KY RWFWTR 3 08/01/2039    | CUSIP: 781741LC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1012431.25   | 0.11%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FATE WATERWORKS & SEWER SYSTEM (TX)                                                                       | TX FATGEN 4 08/15/2051    | CUSIP: 31189RCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1178692.86   | 0.12%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY (NJ)                                                            | NJ NJSDEV 5.62 11/15/2030 | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    950000 | PA      | $951404.58    | 0.10%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 5 10/01/2043    | CUSIP: 74444VAF7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    315000 | PA      | $315110.63    | 0.03%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)                                                   | SC SCSDEV 5.25 11/15/2047 | CUSIP: 837031WL3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1082373.00   | 0.11%             | 2047-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRINCETON TEX                                                                                             | TX PRIGEN 4.75 09/01/2049 | CUSIP: 742400AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1451518.92   | 0.15%             | 2049-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY (FL)                                                        | FL PALMED 5 11/15/2045    | CUSIP: 69650MAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1809175.32   | 0.19%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                                                            | NY DUTMFH 5 10/01/2040    | CUSIP: 26704AAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    448149 | PA      | $480884.11    | 0.05%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX HIGHER ED FIN CORP                                                                            | TX HOUHGR 5.12 10/01/2051 | CUSIP: 44237QAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $602538.06    | 0.06%             | 2051-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VERK INDL REGL PUB INFRASTRUCTURE DIST UTAH                                                               | UT VRKFAC 6.62 09/01/2047 | CUSIP: 92348YAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1593978.15   | 0.17%             | 2047-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                                                                      | PR PRCGEN 4.33 07/01/2040 | CUSIP: 74529JRH0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1031000 | PA      | $1021887.71   | 0.11%             | 2040-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MEDICAL CARE COMMISSION (NC)                                                               | NC NCSMED 4 09/01/2046    | CUSIP: 65820YSL1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1550924.50   | 0.16%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TEX                                                                                             | TX PRIGEN 5.12 09/01/2042 | CUSIP: 742400BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1575233.07   | 0.17%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH                                                                         | VA VBFMED 4 12/01/2031    | CUSIP: 928103AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $765744.53    | 0.08%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AEROTROPOLIS REGIONAL TRANSPORTATION AUTHORITY (CO)                                                       | CO AERTRN 5.75 12/01/2054 | CUSIP: 008051AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005120.00   | 0.11%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JEFFERSON COUNTY PORT OF BEAUMONT NAVIGATION DISTRICT (TX)                                                | TX PTBTRN 5.12 01/01/2044 | CUSIP: 73360CAQ7<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1454799.30   | 0.15%             | 2044-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WASHINGTON HIGHER EDUCATIONAL FACILITIES AUTHORITY                                                        | WA WASHGR 4 05/01/2045    | CUSIP: 9397813X6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $801330.43    | 0.08%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST VILLAGES IMPROVEMENT DISTRICT (FL)                                                                   | FL WVIGEN 4.62 05/01/2038 | CUSIP: 956454AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2960000 | PA      | $2960454.36   | 0.31%             | 2038-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 0 12/01/2035    | CUSIP: 63608TBA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1307374.25   | 0.14%             | 2035-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LANTERNS MET DIST NO 3 COLO                                                                               | CO LANDEV 7.25 12/01/2053 | CUSIP: 51654GAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038272.30   | 0.11%             | 2053-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 4 07/01/2030    | CUSIP: 744396FR8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    350000 | PA      | $344353.38    | 0.04%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| A.B. WON PAT INTERNATIONAL AIRPORT AUTHORITY                                                              | NY NYTTRN 4 10/31/2046    | CUSIP: 650110AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $455619.55    | 0.05%             | 2046-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK DESERT PUBLIC INFRASTRUCTURE DISTRICT (UT)                                                          | UT BLDFAC 4 03/01/2051    | CUSIP: 09204PAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1234247.10   | 0.13%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5.25 06/15/2054 | CUSIP: 744396JZ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981484.80    | 0.10%             | 2054-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MA)                                                             | MA MASDEV 5.25 07/01/2050 | CUSIP: 57585BJT6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013473.30   | 0.11%             | 2050-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 0 12/15/2033    | CUSIP: 63608TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $950094.60    | 0.10%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON (OH), COUNTY OF                                                                                  | OH HAMMED 5.5 01/01/2050  | CUSIP: 40727RDH8<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2069318.14   | 0.22%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MATTAWAN MICH CONS SCH DIST                                                                               | MI MATSCD 5 05/01/2047    | CUSIP: 577056MP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1574302.20   | 0.17%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GULFPORT MISS                                                                                             | MS GULMED 5.5 07/01/2050  | CUSIP: 402682DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1443922.90   | 0.15%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT (FL)                                                                  | FL LKRGEN 5 05/01/2038    | CUSIP: 51265KBN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $760689.53    | 0.08%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)                                                               | CA CASFIN 5 07/01/2032    | CUSIP: 13048T4F7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    205000 | PA      | $208212.00    | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                                     | NY NYTTRN 5.25 08/01/2031 | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3826147.53   | 0.40%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOWRY CROSSING TEX                                                                                        | TX LRCGEN 5.75 09/15/2045 | CUSIP: 54877WAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    501000 | PA      | $520346.17    | 0.05%             | 2045-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LAVON TEX                                                                                                 | TX LVNGEN 5.12 09/15/2044 | CUSIP: 51946PCG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $615069.18    | 0.06%             | 2044-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PORT GTR CINCINNATI DEV AUTH OHIO                                                                         | OH PRTDEV 5.12 12/01/2055 | CUSIP: 73421NAD9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2980889.70   | 0.31%             | 2055-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SHAWNEE COUNTY PUBLIC BUILDING COMMISSION (KS)                                                            | KS SHAGEN 5.5 09/01/2034  | CUSIP: 820561BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $199443.07    | 0.02%             | 2034-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COOK CNTY ILL                                                                                             | IL COOMFH 6.5 01/01/2045  | CUSIP: 213226AE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1448806.19   | 0.15%             | 2045-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MOBILE INDUSTRIAL DEVELOPMENT BOARD (AL)                                                                  | AL MOBPOL 06/01/2034      | CUSIP: 607167DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.53%             | 2034-06-01      | Variable      | 3.43%                 | No            |                  2 | On Loan: No      |
| BRIDGEVILLE (DE), TOWN OF                                                                                 | DE BRIGEN 5.25 07/01/2044 | CUSIP: 108588AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $784633.98    | 0.08%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)                                                   | SC SCSDEV 5.25 11/15/2052 | CUSIP: 837031WN9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    250000 | PA      | $241773.03    | 0.03%             | 2052-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN N Y LOC DEV CORP                                                                           | NY HMVDEV 5.25 10/01/2051 | CUSIP: 424682MR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $768360.53    | 0.08%             | 2051-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HOUSING FINANCE AGENCY (PA)                                                                  | PA PASSFH 4.7 10/01/2051  | CUSIP: 70879Q6Q1<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002348.80   | 0.21%             | 2051-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                                                                         | MN APPHSG 5.5 09/01/2055  | CUSIP: 03800RBK1<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    600000 | PA      | $607209.96    | 0.06%             | 2055-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANNA TEX                                                                                                  | TX ANNGEN 5.35 09/15/2046 | CUSIP: 035713BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999777.20    | 0.11%             | 2046-09-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 5 11/15/2041    | CUSIP: 74446CAD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1371373.14   | 0.14%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN ISLANDS PUB FIN AUTH                                                                               | VI VITGEN 6 04/01/2053    | CUSIP: 927677AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003572.50   | 0.11%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH SUMTER COUNTY UTILITY DEPENDENT DISTRICT (FL)                                                       | FL NRSUTL 5 10/01/2049    | CUSIP: 66272RCH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034363.40   | 0.21%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH                                                                                 | CO COSMED 4 05/15/2035    | CUSIP: 19648FTB0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    670000 | PA      | $672294.42    | 0.07%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOYLE CNTY KY EDL FACS                                                                                    | KY BYLEDU 5.25 06/01/2043 | CUSIP: 10346PAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $909807.68    | 0.10%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION (WA)                                                          | WA WASHSG 3.5 12/20/2035  | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    912119 | PA      | $880521.53    | 0.09%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VENICE FLA                                                                                                | FL VEN 5.5 01/01/2055     | CUSIP: 922687AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $714069.90    | 0.08%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE COMMN RETIREMENT FACS                                                             | NC NCSMED 5.25 11/01/2046 | CUSIP: 65820YVL7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2073887.20   | 0.22%             | 2046-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HENRICO COUNTY ECONOMIC DEVELOPMENT AUTHORITY (VA)                                                        | VA HENDEV 5 12/01/2047    | CUSIP: 42605QFJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $882064.74    | 0.09%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STERLING RANCH CMNTY AUTH BRD COLO                                                                        | CO STRDEV 6.12 12/01/2039 | CUSIP: 85950NAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $574335.63    | 0.06%             | 2039-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY (NY)                                                      | NY NYCUTL 06/15/2050      | CUSIP: 64972GCM4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.21%             | 2050-06-15      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| HAMILTON BLUFF CMNTY DEV DIST FLA                                                                         | FL HBFDEV 5.5 05/01/2044  | CUSIP: 40702EAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511721.90    | 0.05%             | 2044-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORONGO BAND OF MISSION INDIANS (CA)                                                                      | CA MRDGEN 5 10/01/2042    | CUSIP: 61773RAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $317697.33    | 0.03%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH (FL), COUNTY OF                                                                                | FL PALGEN 5.75 10/01/2055 | CUSIP: 696547HW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031115.00   | 0.11%             | 2055-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH                                                                      | OH COLMFH 6.3 01/01/2046  | CUSIP: 19910XAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000017.70   | 0.32%             | 2046-01-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| V-DANA CMNTY DEV DIST FLA                                                                                 | FL VDADEV 5.38 05/01/2045 | CUSIP: 91822RAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $900556.80    | 0.09%             | 2045-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA                                                                                       | FL MDCTRN 5 10/01/2047    | CUSIP: 59335KFA0<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016389.50   | 0.11%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE CONVENTION CENTER PUBLIC FACILITIES DISTRICT (WA)                                        | WA WASFAC 5 07/01/2048    | CUSIP: 93976ACF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $975003.90    | 0.10%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP (NY)                                                             | NY NYTTRN 6 06/30/2054    | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040418.70   | 0.11%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAVON TEX                                                                                                 | TX LVNGEN 5.5 09/15/2054  | CUSIP: 51946PCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    729000 | PA      | $734306.03    | 0.08%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACILITIES AUTHORITY (AZ)                                                                  | AZ AZSMED 01/01/2046      | CUSIP: 040507QB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1075000.00   | 0.11%             | 2046-01-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| LANCASTER MUNICIPAL AUTHORITY (PA)                                                                        | PA LANMED 5 12/01/2055    | CUSIP: 514350AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1257661.34   | 0.13%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII STATE DEPARTMENT OF BUDGET & FINANCE (HI)                                                          | HI HISGEN 5.12 07/01/2043 | CUSIP: 419800PV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973321.30    | 0.10%             | 2043-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE (FL), COUNTY OF                                                                                | FL MIATRN 5 10/01/2049    | CUSIP: 59333P4D7<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2512936.00   | 0.26%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN PALM BEACH COUNTY IMPROVEMENT DISTRICT (FL)                                                      | FL NPMGEN 3.45 08/01/2041 | CUSIP: 665588SL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $185770.51    | 0.02%             | 2041-08-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN                                                                               | WA WASHSG 5 07/01/2048    | CUSIP: 939783Q74<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1189374.24   | 0.13%             | 2048-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WYANDOTTE CNTY/KANS CITY KANS UNI GOVT                                                                    | KS WYAGEN 5.75 09/01/2039 | CUSIP: 98267VDK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281918.75   | 0.13%             | 2039-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PARRISH LAKES CMNTY DEV DIST FLA                                                                          | FL PRLDEV 5.5 05/01/2044  | CUSIP: 70183FAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $853824.24    | 0.09%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WINROCK TOWN CENTER (NM)                                                                                  | NM WINGEN 3.75 05/01/2028 | CUSIP: 97535RAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    529000 | PA      | $526085.05    | 0.06%             | 2028-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRADDOCK LAKES CMNTY DEV DIST FLA                                                                         | FL BRLDEV 5.55 05/01/2045 | CUSIP: 104026AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009964.00   | 0.11%             | 2045-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH                                                                     | SC SCSDEV 5.12 04/01/2046 | CUSIP: 837031J53<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1273958.38   | 0.13%             | 2046-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                                                               | NY BUIGEN 6.5 12/15/2045  | CUSIP: 12008EXQ4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1509763.50   | 0.16%             | 2045-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                                                                         | MN APPHSG 5.62 09/01/2065 | CUSIP: 03800RBL9<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    815000 | PA      | $826316.68    | 0.09%             | 2065-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY                                                                                   | CO DENAPT 5 11/15/2041    | CUSIP: 249182QT6<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1293810.73   | 0.14%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON BLUFF CMNTY DEV DIST FLA                                                                         | FL HBFDEV 5.8 05/01/2054  | CUSIP: 40702EAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001391.00   | 0.11%             | 2054-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EDEN HILLS CMNTY DEV DIST FLA                                                                             | FL EDHDEV 4 05/01/2042    | CUSIP: 279449AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1553833.58   | 0.16%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY (CA)                                                     | CA CASMED 5 02/01/2042    | CUSIP: 13032UMH8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2536318.25   | 0.27%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL CARE FACILITIES FOR THE ELDERLY AUTHORITY OF FULTON COUNTY (GA)                               | GA FULMED 5 07/01/2031    | CUSIP: 360059AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1337591.64   | 0.14%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 5 07/01/2029    | CUSIP: 04052BGP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004745.50   | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT                                                                              | IL CHITRN 5.5 01/01/2048  | CUSIP: 167591AD8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5838421.05   | 0.61%             | 2048-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AL)                                                | AL BLWPOL 03/01/2056      | CUSIP: 05786PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1961588.80   | 0.21%             | 2056-03-01      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY (CO)                                                                 | CO COSMED 5.25 11/01/2032 | CUSIP: 19648FCH5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    325773 | PA      | $9773.20      | 0.00%             | 2032-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (NH)                                            | NH NHSMED 5.5 08/01/2050  | CUSIP: 64461XME2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3743943.35   | 0.39%             | 2050-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY                                                                              | MA MASDEV 5.12 01/01/2040 | CUSIP: 57584Y2W8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1024602.44   | 0.11%             | 2040-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CONNERTON EAST CMNTY DEV DIST FLA                                                                         | FL CDEDEV 5.62 06/15/2055 | CUSIP: 208185AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $756541.13    | 0.08%             | 2055-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HAMILTON (OH), COUNTY OF                                                                                  | OH HAMMED 5.25 01/01/2038 | CUSIP: 40727RCJ5<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525806.25    | 0.06%             | 2038-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAWYER'S LANDING COMMUNITY DEVELOPMENT DISTRICT (FL)                                                      | FL SLADEV 4.12 05/01/2041 | CUSIP: 805517AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1893432.60   | 0.20%             | 2041-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 5 10/01/2048    | CUSIP: 74444VAG5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1436229.71   | 0.15%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF THE STATE OF NEW YORK (NY)                                                         | NY NYSHGR 3 03/15/2042    | CUSIP: 64990FZX5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1647863.14   | 0.17%             | 2042-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO (IN), CITY OF                                                                                  | IN VLPFAC 4.88 01/01/2044 | CUSIP: 92028RAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506480.30    | 0.05%             | 2044-01-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WEST VLGS IMPT DIST FLA                                                                                   | FL WVIGEN 5.25 05/01/2045 | CUSIP: 956454CY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505088.45    | 0.05%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LTC RANCH WEST RESIDENTIAL CMNTY DEV DIST FLA                                                             | FL LTCGEN 5.7 05/01/2044  | CUSIP: 50218SAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307371.09    | 0.03%             | 2044-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CHICAGO PARK DISTRICT (IL)                                                                                | IL CHIFAC 4 01/01/2032    | CUSIP: 167615ZX4<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1333105.80   | 0.14%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV AUTH                                                                         | CA CASSCD 5 06/01/2054    | CUSIP: 13069AAZ1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    650000 | PA      | $624579.67    | 0.07%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENRICO CNTY VA ECONOMIC DEV AUTH                                                                         | VA HENDEV 5 12/01/2037    | CUSIP: 42605QFH1<br>LEI: 549300WZQTRG07G0UZ88 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1077844.78   | 0.11%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY KY SCH DIST FIN CORP                                                                       | KY JEFEDU 3 12/01/2038    | CUSIP: 47309QDV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1465987.38   | 0.15%             | 2038-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUBLIC FACILITIES AUTHORITY (LA)                                                                | LA LASFAC 5.75 09/01/2064 | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056818.60   | 0.22%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BURKE COUNTY DEVELOPMENT AUTHORITY (GA)                                                                   | GA BURPOL 11/01/2052      | CUSIP: 121342PQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.32%             | 2052-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON COUNTY METRO GOVERNMENT (KY)                                                       | KY LOUMED 4 10/01/2039    | CUSIP: 54659LBZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971325.80    | 0.10%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT (FL)                                                                  | FL LKRGEN 4 05/01/2050    | CUSIP: 51265KEN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $83330.60     | 0.01%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFADEV 5.5 06/01/2050  | CUSIP: 63607YCW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1570856.70   | 0.17%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EAST MONTGOMERY CNTY MUN UTIL DIST NO 7 TEX                                                               | TX EMOUTL 4 09/01/2045    | CUSIP: 27373DHC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $65718.86     | 0.01%             | 2045-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 5.38 12/15/2035 | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000108.00   | 0.11%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAVON TEX                                                                                                 | TX LVNGEN 5 09/15/2044    | CUSIP: 51946PCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    429000 | PA      | $429349.76    | 0.05%             | 2044-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 0 12/01/2039    | CUSIP: 63608TBE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4413000 | PA      | $1682428.89   | 0.18%             | 2039-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JUSTIN TEX                                                                                                | TX JUSGEN 3.38 09/01/2041 | CUSIP: 482184AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $373225.95    | 0.04%             | 2041-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DIST FLA                                                                       | FL LKRGEN 5.5 05/01/2055  | CUSIP: 51265KFZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $772412.09    | 0.08%             | 2055-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAWYER'S LANDING COMMUNITY DEVELOPMENT DISTRICT (FL)                                                      | FL SLADEV 4.25 05/01/2053 | CUSIP: 805517AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1704626.20   | 0.18%             | 2053-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AUBREY TEX                                                                                                | TX AUBGEN 5 09/01/2045    | CUSIP: 050197BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039607.30   | 0.11%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY (MN), CITY OF                                                                                    | MN WDBEDU 4 07/01/2051    | CUSIP: 979134AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $493003.83    | 0.05%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN SAMOA ECONOMIC DEVELOPMENT AUTHORITY                                                             | AS AMSDEV 5.25 09/01/2045 | CUSIP: 02936TAW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $801790.88    | 0.08%             | 2045-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY (OH)                                                             | OH CLETRN 4 12/01/2055    | CUSIP: 18611HAB1<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    900000 | PA      | $697629.96    | 0.07%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON (OH), COUNTY OF                                                                                  | OH HAMMED 5.5 01/01/2043  | CUSIP: 40727RCK2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522796.50    | 0.06%             | 2043-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERIDIAN RANCH MET DIST 2018 SUBDISTRICT COLO                                                             | CO MRDGEN 6.75 12/01/2052 | CUSIP: 58977PAC5<br>LEI: 549300VMPUF7R81DY714 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026493.50   | 0.11%             | 2052-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDERICK (MD), COUNTY OF                                                                                 | MD FREGEN 4.62 07/01/2043 | CUSIP: 355612AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $802548.80    | 0.08%             | 2043-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| EPPERSON NORTH COMMUNITY DEVELOPMENT DISTRICT (FL)                                                        | FL EPNDEV 5.5 11/01/2039  | CUSIP: 29429VAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1025336.46   | 0.11%             | 2039-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON BLUFF CMNTY DEV DIST FLA                                                                         | FL HBFDEV 4.7 05/01/2031  | CUSIP: 40702EAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $445636.44    | 0.05%             | 2031-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT                                                                | FL TRODEV 4 05/01/2051    | CUSIP: 897188AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $865135.85    | 0.09%             | 2051-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (CA)                                               | CA CASGEN 5 12/01/2033    | CUSIP: 13080SVJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    550000 | PA      | $566661.92    | 0.06%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA CNTY GA HOSP AUTH                                                                                | GA CLHMED 5.75 04/01/2053 | CUSIP: 197479AD0<br>LEI: 254900BTGOJWYPP2HE47 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1211079.38   | 0.13%             | 2053-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PRINCETON TEX                                                                                             | TX PRIGEN 5.38 09/01/2054 | CUSIP: 742400CR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2303868.14   | 0.24%             | 2054-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5 07/15/2039    | CUSIP: 744396EZ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    925000 | PA      | $918336.30    | 0.10%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY (AL)                                                                           | AL SEEPWR 5 11/01/2035    | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3074442.90   | 0.32%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO CITY BOARD OF EDUCATION (IL)                                                                      | IL CHIEDU 5 12/01/2046    | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1465991.13   | 0.15%             | 2046-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC (GA)                                                                          | GA MAIUTL 09/01/2053      | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3877299.32   | 0.41%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 5.12 12/15/2030 | CUSIP: 63608TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200923.16   | 0.13%             | 2030-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LAVON TEX                                                                                                 | TX LVNGEN 5.38 09/15/2052 | CUSIP: 51946PCE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $399985.36    | 0.04%             | 2052-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                                     | NY NYTTRN 5 08/01/2031    | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998553.20    | 0.11%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH                                                                                       | GA ATLDEV 0 12/15/2048    | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $906263.50    | 0.10%             | 2048-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5 06/15/2040    | CUSIP: 744396FM9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    810000 | PA      | $812970.35    | 0.09%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TEX                                                                                             | TX PRIGEN 5.38 09/01/2045 | CUSIP: 742400DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $212730.00    | 0.02%             | 2045-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES (LA), PARISH OF                                                                               | LA STJGEN 6.35 10/01/2040 | CUSIP: 790103AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083117.90   | 0.11%             | 2040-10-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)                                                               | CA CASFIN 4 07/15/2029    | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006177.40   | 0.11%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORP (TN)                                                                    | TN TNSUTL 05/01/2053      | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    800000 | PA      | $823574.24    | 0.09%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY (NJ)                                                       | NJ NJSTRN 5.25 06/15/2041 | CUSIP: 64613CCE6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    560000 | PA      | $611462.66    | 0.06%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OAK POINT TEX                                                                                             | TX OKPGEN 5.35 09/15/2044 | CUSIP: 67176TAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1112119.14   | 0.12%             | 2044-09-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 5.75 07/15/2038 | CUSIP: 04052BHD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252372.13   | 0.13%             | 2038-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTH PK ISLE CMNTY DEV DIST FLA                                                                          | FL NPKDEV 3.38 11/01/2041 | CUSIP: 661416AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1299866.85   | 0.14%             | 2041-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BRIGHTON CROSSING METROPOLITAN DISTRICT N.6 (CO)                                                          | CO BTCGEN 5 12/01/2035    | CUSIP: 10933PAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $533060.90    | 0.06%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS (LA), CITY OF                                                                                 | LA NEWUTL 5 06/01/2045    | CUSIP: 647719PU1<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004034.00   | 0.11%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDUSTRIAL TOURIST EDUCATIONAL MEDICAL & ENVIRONMENTAL CONTROL FACILITIES FINANCING AUTHORITY | PR PRCPOL 6.5 01/01/2042  | CUSIP: 74528LAB7<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    250000 | PA      | $278847.20    | 0.03%             | 2042-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA)                                                | PA PASDEV 01/01/2051      | CUSIP: 708692CA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540805.15    | 0.06%             | 2051-01-01      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NEV SPL IMPT DIST NO 817                                                                        | NV LSVGEN 5.75 06/01/2043 | CUSIP: 51779BAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $475214.92    | 0.05%             | 2043-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSION TEX ECONOMIC DEVELOPMENT CORP                                                                     | TX MISPOL 12/01/2064      | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1172027.25   | 0.12%             | 2064-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TEMPE ARIZ INDL DEV AUTH                                                                                  | AZ TEMDEV 5.38 12/01/2046 | CUSIP: 87972MBY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026307.00   | 0.11%             | 2046-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EPPERSON NORTH COMMUNITY DEVELOPMENT DISTRICT (FL)                                                        | FL EPNDEV 5 11/01/2029    | CUSIP: 29429VAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $602605.23    | 0.06%             | 2029-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX CITY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                  | AZ PHOEDU 5 07/01/2046    | CUSIP: 71885FEB9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1909995.40   | 0.20%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH TRANSIT AUTHORITY (UT)                                                                               | UT UTSEDU 5 02/15/2046    | CUSIP: 91754TPX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1495669.14   | 0.16%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECONOMIC DEV CORP                                                                             | MD MDSDEV 5.38 07/01/2038 | CUSIP: 57420VSL8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073746.20   | 0.11%             | 2038-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO, COMMONWEALTH OF                                                                              | PR PRC 4 07/01/2035       | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3002265 | PA      | $2977581.58   | 0.31%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REUNION EAST COMMUNITY DEVELOPMENT DISTRICT (FL)                                                          | FL REUDEV 4 05/01/2051    | CUSIP: 761311AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1441356.07   | 0.15%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLOYD COUNTY DEVELOPMENT AUTHORITY (GA)                                                                   | GA FLOPOL 09/01/2026      | CUSIP: 343571AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.21%             | 2026-09-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 0 12/15/2034    | CUSIP: 63608TBG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2874998.00   | 0.30%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEWARK HIGHER EDUCATION FINANCE CORP (TX)                                                                 | TX NEWEDU 5 08/15/2042    | CUSIP: 650346FP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $635784.18    | 0.07%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEAK METROPOLITAN DISTRICT N.1 (CO)                                                                       | CO PEAGEN 5 12/01/2041    | CUSIP: 704676AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $943427.20    | 0.10%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAGAN MINN                                                                                                | MN EGAEDU 6.38 02/01/2055 | CUSIP: 26940AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497218.90    | 0.05%             | 2055-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CYPRESS BLUFF COMMUNITY DEVELOPMENT DISTRICT (FL)                                                         | FL CYBDEV 3.62 05/01/2040 | CUSIP: 232677AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $560892.24    | 0.06%             | 2040-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN LUIS OBISPO CNTY CALIF FING AUTH                                                                      | CA SLOGEN 5.25 11/15/2042 | CUSIP: 798712DB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1782586.13   | 0.19%             | 2042-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DENVER (CO), CITY AND COUNTY OF                                                                           | CO DENAPT 5.75 11/15/2045 | CUSIP: 249182TM8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1194075.85   | 0.13%             | 2045-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 4 06/15/2030    | CUSIP: 744396FL1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    700000 | PA      | $694650.95    | 0.07%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (CA)                                               | CA CASGEN 5 11/01/2041    | CUSIP: 13080SSJ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006377.00   | 0.21%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY (IN)                                                                            | IN INSENV 05/01/2035      | CUSIP: 455054BG0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1420035.96   | 0.15%             | 2035-05-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 5 07/01/2039    | CUSIP: 04052BKK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1796032.12   | 0.19%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5 07/01/2043    | CUSIP: 74442EDH0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997104.70    | 0.10%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES (LA), PARISH OF                                                                               | LA STJGEN 12/01/2040      | CUSIP: 790103AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1760649.12   | 0.19%             | 2040-12-01      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA                                                                                       | FL MDCTRN 5.25 10/01/2052 | CUSIP: 59335KFB8<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1933539.37   | 0.20%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ST. LOUIS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (MO)                                                    | MO STLDEV 5.25 09/01/2053 | CUSIP: 791524CP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $719730.51    | 0.08%             | 2053-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT (FL)                                                 | FL BARGEN 5 05/01/2053    | CUSIP: 05616KBS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2862055.20   | 0.30%             | 2053-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO, COMMONWEALTH OF                                                                              | PR PRC 4 07/01/2033       | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2898325.54   | 0.30%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 5 07/01/2049    | CUSIP: 04052BKL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $562029.60    | 0.06%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POWHATAN COUNTY ECONOMIC DEVELOPMENT AUTHORITY (VA)                                                       | VA POWDEV 6.12 09/01/2060 | CUSIP: 73937XAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2486523.00   | 0.26%             | 2060-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH                                                                              | MO KANDEV 6 01/01/2048    | CUSIP: 48503SGS2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3065320.20   | 0.32%             | 2048-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 6.5 12/01/2034  | CUSIP: 63608TBH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005238.20   | 0.21%             | 2034-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTHORITY                                                                                       | PA GEIMED 4 04/01/2050    | CUSIP: 368497JV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $656950.35    | 0.07%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT (THE) (AL)                                                                 | AL BBEUTL 02/01/2053      | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    530000 | PA      | $555454.05    | 0.06%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MA)                                                             | MA MASFAC 6.5 07/15/2060  | CUSIP: 57563WAC2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493233.20   | 0.16%             | 2060-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)                                                   | SC SCSMED 5 12/01/2040    | CUSIP: 837033KW8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013036.80   | 0.11%             | 2040-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KYLE TEX                                                                                                  | TX KYLGEN 4.62 09/01/2039 | CUSIP: 50156CAC4<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502428.55    | 0.05%             | 2039-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                                                                           | PA PHIAPT 4 07/01/2038    | CUSIP: 717817XU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991198.00    | 0.10%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NEV SPL IMPT DIST NO 817                                                                        | NV LSVGEN 6 06/01/2048    | CUSIP: 51779BAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $523810.39    | 0.06%             | 2048-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ECONOMIC DEV AUTH                                                                                 | VT VTSPOL 04/01/2036      | CUSIP: 924157AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009764.00   | 0.11%             | 2036-04-01      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY OHIO                                                                                          | OH WARMED 5 05/15/2049    | CUSIP: 935158BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2791305.00   | 0.29%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEMPE ARIZ INDL DEV AUTH                                                                                  | AZ TEMDEV 5.62 12/01/2055 | CUSIP: 87972MBZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022846.10   | 0.11%             | 2055-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WESTVIEW SOUTH CMNTY DEV DIST FLA                                                                         | FL WVSDEV 5.38 05/01/2043 | CUSIP: 961566AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1262417.14   | 0.13%             | 2043-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH                                                                       | WI WISMED 5.38 06/01/2050 | CUSIP: 97712JSA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $951770.99    | 0.10%             | 2050-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CELEBRATION POINTE CMNTY DEV DIST NO 1 FLA                                                                | FL CPNDEV 4 05/01/2053    | CUSIP: 15102HAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $800000.00    | 0.08%             | 2053-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTHORITY                                                                                       | PA GEIMED 4 02/15/2047    | CUSIP: 368497HQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $966641.26    | 0.10%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT GTR CINCINNATI DEV AUTH OHIO                                                                         | OH PRTDEV 3.75 12/01/2031 | CUSIP: 734195BQ2<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    320000 | PA      | $324940.70    | 0.03%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)                                                               | CA CASFIN 5.38 11/01/2045 | CUSIP: 13048V3F3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    775000 | PA      | $799879.67    | 0.08%             | 2045-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL HOUSING AND REDEVELOPMENT AUTHORITY (MN)                                                       | MN STPMED 5 11/15/2047    | CUSIP: 792909FM0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1373263.57   | 0.14%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROSSWINDS EAST CMNTY DEV DIST FLA                                                                        | FL CEADEV 5.75 05/01/2054 | CUSIP: 22769LAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517428.80   | 0.16%             | 2054-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA DEVELOPMENT AUTHORITY (THE) (GA)                                                                  | GA ATLDEV 5 04/01/2034    | CUSIP: 04780NMW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511585.35    | 0.05%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINROCK TOWN CENTER (NM)                                                                                  | NM WINGEN 4 05/01/2033    | CUSIP: 97535RAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $488229.00    | 0.05%             | 2033-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PARKLAND PRESV CMNTY DEV DIST FLA                                                                         | FL PAPDEV 5.25 05/01/2039 | CUSIP: 701403AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $478522.11    | 0.05%             | 2039-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| POUDRE HEIGHTS VY MET DIST COLO                                                                           | CO PHVDEV 5.5 12/01/2054  | CUSIP: 73856AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $928518.34    | 0.10%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FULTON COUNTY DEVELOPMENT AUTHORITY (GA)                                                                  | GA FULDEV 4 07/01/2049    | CUSIP: 36005FGE9<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2037719.78   | 0.21%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP                                                                                      | FL FLSMED 5 08/01/2047    | CUSIP: 34061QDU8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1297801.25   | 0.14%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY ARIZ INDL DEV AUTH                                                                              | AZ PIMFAC 6.75 11/15/2042 | CUSIP: 72178AAG7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079486.10   | 0.11%             | 2042-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 6.38 07/01/2043 | CUSIP: 744396JE3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $314602.83    | 0.03%             | 2043-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC HOSPITAL DISTRICT N.1 (WA)                                                                         | WA SKAMED 5.5 12/01/2054  | CUSIP: 830227EP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1981540.28   | 0.21%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOBILE INDUSTRIAL DEVELOPMENT BOARD (AL)                                                                  | AL MOBPOL 06/01/2034      | CUSIP: 607168AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.11%             | 2034-06-01      | Variable      | 3.28%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY                                                                                              | KY HENFAC 4.45 01/01/2042 | CUSIP: 425099AA6<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    875000 | PA      | $863699.03    | 0.09%             | 2042-01-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ST. JOHNS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (FL)                                                    | FL STJMED 4 12/15/2036    | CUSIP: 79041LAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476174.80    | 0.05%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KINSTON MET DIST COLO NO 5                                                                                | CO KINDEV 5.5 12/01/2045  | CUSIP: 49717MAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512788.25    | 0.05%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO, COMMONWEALTH OF                                                                              | PR PRC 4 07/01/2041       | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   4358267 | PA      | $4083847.41   | 0.43%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI STATE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (MO)                                           | MO MOSMED 4 07/01/2046    | CUSIP: 60637ATN2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    925000 | PA      | $855501.61    | 0.09%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH & EDL FACS AUTH                                                                     | CT CTSHGR 5 07/01/2046    | CUSIP: 20775DN65<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2100390.00   | 0.22%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP                                                                                      | FL FLSDEV 5 06/01/2044    | CUSIP: 34062AAC5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    750000 | PA      | $752496.83    | 0.08%             | 2044-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KYLE TEX                                                                                                  | TX KYLGEN 4.12 09/01/2029 | CUSIP: 50156CAB6<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    245000 | PA      | $246076.53    | 0.03%             | 2029-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD VLG TEX                                                                                          | TX LWDGEN 5.38 09/15/2052 | CUSIP: 51270AAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2405042.16   | 0.25%             | 2052-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| POLK COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (FL)                                                         | FL POKDEV 5.88 01/01/2033 | CUSIP: 731120NQ0<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $200000.00    | 0.02%             | 2033-01-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| OLYMPIA PUB INFRASTRUCTURE DIST NO 1 UTAH                                                                 | UT OPIDEV 6.38 03/01/2055 | CUSIP: 681483AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1529994.31   | 0.16%             | 2055-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CROSSWINDS EAST CMNTY DEV DIST FLA                                                                        | FL CEADEV 5.5 05/01/2044  | CUSIP: 22769LAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028064.70   | 0.11%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                                     | OK TULAPT 6.25 12/01/2035 | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1973539.05   | 0.21%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY (AL)                                                                           | AL SEEPWR 11/01/2051      | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2453598.27   | 0.26%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MEDICAL CARE COMMISSION (NC)                                                               | NC NCSMED 5 10/01/2045    | CUSIP: 65820YRR9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2029604.02   | 0.21%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)                                                               | CA CASFIN 5 11/01/2046    | CUSIP: 13048TG23<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1963385.60   | 0.21%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KYLE TEX                                                                                                  | TX KYLGEN 4.5 09/01/2033  | CUSIP: 50156CBD1<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    690000 | PA      | $704201.72    | 0.07%             | 2033-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI STATE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (MO)                                           | MO MOSMED 5 02/01/2029    | CUSIP: 60635HU23<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10012.73     | 0.00%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                                     | OK TULAPT 6.25 12/01/2040 | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105137.80   | 0.12%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OHIO HSG FIN AGY                                                                                          | OH OHSMFH 6.3 01/01/2045  | CUSIP: 676900YF4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3085196.40   | 0.32%             | 2045-01-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| KYLE TEX                                                                                                  | TX KYLGEN 4 09/01/2046    | CUSIP: 50156CAS9<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    935000 | PA      | $805019.67    | 0.08%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAINE FIN AUTH                                                                                            | ME MESGEN 5.5 07/01/2050  | CUSIP: 56042BCR6<br>LEI: 549300GS5P8CQR7H8P53 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1601858.85   | 0.17%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTH PKWY MUN MGMT DIST NO 1 TEX                                                                         | TX NPWUTL 5 09/15/2051    | CUSIP: 661441AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $689526.15    | 0.07%             | 2051-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT (THE) (AL)                                                                 | AL BBEUTL 12/01/2053      | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074916.60   | 0.11%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| ARROWHEAD SPRINGS PUBLIC INFRASTRUCTURE DISTRICT (UT)                                                     | UT ARWFAC 5.62 12/01/2054 | CUSIP: 04280BAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2626228.80   | 0.28%             | 2054-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT (FL)                                                                  | FL LKRGEN 4 05/01/2050    | CUSIP: 51265KCX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1104130.45   | 0.12%             | 2050-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ST. JAMES PARISH RECREATION DISTRICT N.5 (LA)                                                             | LA STJGEN 6.35 07/01/2040 | CUSIP: 790103AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083253.90   | 0.11%             | 2040-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY (PA)                                                                  | PA LANMED 5 06/15/2038    | CUSIP: 51404PAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1096016.00   | 0.12%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINROCK TOWN CENTER (NM)                                                                                  | NM WINGEN 4.25 05/01/2040 | CUSIP: 97535RAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $480713.00    | 0.05%             | 2040-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC ENERGY AUTHORITY OF KENTUCKY (KY)                                                                  | KY KYSPWR 04/01/2054      | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1600920.45   | 0.17%             | 2054-04-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| TEMPE ARIZ INDL DEV AUTH                                                                                  | AZ TEMDEV 4.38 12/01/2036 | CUSIP: 87972MBX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012320.50   | 0.11%             | 2036-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5 07/01/2045    | CUSIP: 74442ECS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1476572.85   | 0.16%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5 07/01/2052    | CUSIP: 74442ECC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $183625.52    | 0.02%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (FL)                                                          | FL LEEMED 5 11/15/2049    | CUSIP: 52349EDX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1131735.47   | 0.12%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (CA)                                               | CA CASGEN 5.5 12/01/2058  | CUSIP: 13080SVN1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018978.60   | 0.21%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ST. JOHNS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (FL)                                                    | FL STJMED 4 12/15/2041    | CUSIP: 79041LAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $990408.65    | 0.10%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST VLGS IMPT DIST FLA                                                                                   | FL WVIGEN 5.38 05/01/2044 | CUSIP: 956454CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1013649.91   | 0.11%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOC GOVT FIN COMMN                                                                                | FL FLSFAC 6.62 11/15/2045 | CUSIP: 34077UAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068561.80   | 0.11%             | 2045-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSCDA COMMUNITY IMPROVEMENT AUTHORITY (CA)                                                                | CA CDAHSG 4 07/01/2056    | CUSIP: 126292AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1150144.65   | 0.12%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH                                                                            | WV WVSMED 5.5 09/01/2048  | CUSIP: 956622W91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1111601.09   | 0.12%             | 2048-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER COMPANY                                                                                     | AL WALPOL 08/01/2063      | CUSIP: 931542AB0<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.26%             | 2063-08-01      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| MAYOR AND CITY COUNCIL OF BALTIMORE (MD)                                                                  | MD BALGEN 5 09/01/2038    | CUSIP: 05923TBY4<br>LEI: 5493006QYFB72E0IOO54 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1028584.63   | 0.11%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE COMMN RETIREMENT FACS                                                             | NC NCSMED 4.5 12/01/2044  | CUSIP: 65820YTE6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1987778.20   | 0.21%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TEX                                                                                             | TX PRIGEN 5.12 09/01/2043 | CUSIP: 742400BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2229628.28   | 0.23%             | 2043-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                                                                      | PR PRCGEN 4.33 07/01/2040 | CUSIP: 74529JRJ6<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   5866000 | PA      | $5814154.53   | 0.61%             | 2040-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| POMPANO BEACH FLA                                                                                         | FL POMGEN 4 09/01/2041    | CUSIP: 732203BG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $575246.47    | 0.06%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                                                               | TX HOUAPT 5.5 07/15/2035  | CUSIP: 442349HV1<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1622636.85   | 0.17%             | 2035-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI STATE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (MO)                                           | MO MOSMED 5 02/01/2042    | CUSIP: 60635H2S7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1085762.38   | 0.11%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOOD RANCH PUB INFRASTRUCTURE DIST UTAH                                                                   | UT WDRDEV 5.62 12/01/2053 | CUSIP: 97850AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1247267 | PA      | $1258605.39   | 0.13%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HENDERSON NEV LOC IMPT DISTS                                                                              | NV HENGEN 5 03/01/2038    | CUSIP: 425208WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $780812.70    | 0.08%             | 2038-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GENESEE CNTY N Y FDG CORP                                                                                 | NY GEFDEV 5.25 12/01/2050 | CUSIP: 371669BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1273810.50   | 0.13%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH PK ISLE CMNTY DEV DIST FLA                                                                          | FL NPKDEV 4.5 05/01/2040  | CUSIP: 661416AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1882224.98   | 0.20%             | 2040-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 4 10/01/2046    | CUSIP: 74444VBU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    685000 | PA      | $625329.86    | 0.07%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUSINESS FINANCE CORP (MS)                                                                    | MS MSSDEV 12/01/2030      | CUSIP: 60528ABH6<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1925000.00   | 0.20%             | 2030-12-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)                                                   | SC SCSDEV 5 11/15/2054    | CUSIP: 837031ZL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    420000 | PA      | $387981.30    | 0.04%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY (THE) (CA)                                                | CA CASGEN 0 06/01/2046    | CUSIP: 13016NCT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $1880863.20   | 0.20%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MA)                                                             | MA MASDEV 5 11/15/2028    | CUSIP: 57584YMF3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    360000 | PA      | $371233.15    | 0.04%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEAGROVE CMNTY DEV DIST FLA                                                                               | FL SGVDEV 4.88 06/15/2044 | CUSIP: 811897AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1484104.80   | 0.16%             | 2044-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 4 12/15/2041    | CUSIP: 04052BMS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1611933.00   | 0.17%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJECTS FINANCE AUTHORITY (FL)                                                                   | FL CPPEDU 5 06/15/2054    | CUSIP: 14043FAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1547468.69   | 0.16%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                               | AZ MAREDU 5 07/01/2047    | CUSIP: 56681NAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930306.80    | 0.10%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CRANDALL TEX                                                                                              | TX CRAGEN 4.25 09/15/2041 | CUSIP: 224384AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1556000 | PA      | $1492526.71   | 0.16%             | 2041-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF THE STATE OF NEW YORK (NY)                                                         | NY NYSHGR 5 07/01/2046    | CUSIP: 65000BJD1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    525000 | PA      | $529051.01    | 0.06%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY (WV)                                                         | WV WVSDEV 01/01/2055      | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081410.50   | 0.11%             | 2055-01-01      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| BUCKEYE TOBACCO SETTLEMENT FINANCING AUTHORITY (OH)                                                       | OH BUCGEN 5 06/01/2055    | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3376850.25   | 0.36%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTPOINTE SPL IMPT DIST TEX                                                                              | TX WPOGEN 5 08/15/2041    | CUSIP: 96124RBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $560319.87    | 0.06%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                               | AZ MAREDU 4 07/01/2026    | CUSIP: 56681NAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $259787.06    | 0.03%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY (IL)                                                                           | IL ILSEDU 5 12/01/2030    | CUSIP: 452022AY2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252943.70    | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FIN AUTH FLA                                                                                | FL CPPEDU 5 06/15/2044    | CUSIP: 14043FAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1928696.27   | 0.20%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE (FL), COUNTY OF                                                                                | FL MIATRN 5 10/01/2038    | CUSIP: 59333PR75<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2579414.42   | 0.27%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RED BARN MET DIST COLO                                                                                    | CO REBDEV 5.5 12/01/2055  | CUSIP: 75633SAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3578454.32   | 0.38%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MIDA GOLF & EQUESTRIAN CTR PUB INFRASTRUCTURE DIST UTAH                                                   | UT MGEDEV 4.62 06/01/2057 | CUSIP: 59561BAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1708472.20   | 0.18%             | 2057-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MONTANA FAC FIN AUTH                                                                                      | MT MTSMED 5.25 06/01/2050 | CUSIP: 61204MEN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041106.20   | 0.11%             | 2050-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 4 12/15/2051    | CUSIP: 04052BMT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $758398.70    | 0.08%             | 2051-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SUGAR CREEK PUB IMPT AUTH COLO                                                                            | CO SGRGEN 6 12/01/2055    | CUSIP: 86485GAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517418.00   | 0.16%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FERRIS TEX                                                                                                | TX FRRGEN 4 09/01/2051    | CUSIP: 315388AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1577000 | PA      | $1297259.75   | 0.14%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 0 12/15/2039    | CUSIP: 63608TBL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2059639.50   | 0.22%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DENVER INTERNATIONAL BUSINESS CENTER METROPOLITAN DISTRICT N.1 (CO)                                       | CO DENDEV 6 12/01/2048    | CUSIP: 249197BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501497.85    | 0.05%             | 2048-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5 07/01/2037    | CUSIP: 74442ECA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500104.85    | 0.05%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH COUNTY AVIATION AUTHORITY (FL)                                                               | FL HILTRN 5 10/01/2048    | CUSIP: 432308L85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1828662.96   | 0.19%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOSPITAL FINANCE AUTHORITY (MI)                                                            | MI MISFIN 3 03/01/2046    | CUSIP: 59447T2K8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1150293.00   | 0.12%             | 2046-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MUSKINGUM COUNTY HOSPITAL FACILITIES (OH)                                                                 | OH MUSMED 5 02/15/2044    | CUSIP: 628077CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499915.50   | 0.26%             | 2044-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SALEM HOSPITAL FACILITY AUTHORITY (OR)                                                                    | OR SALMED 5 05/15/2043    | CUSIP: 794458EW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $845319.89    | 0.09%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI STATE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (MO)                                           | MO MOSMED 5 02/01/2029    | CUSIP: 60635H2Q1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    435000 | PA      | $444065.14    | 0.05%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM DESERT (CA), CITY OF                                                                                 | CA PDTGEN 4 09/01/2041    | CUSIP: 696627ER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $420926.90    | 0.04%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO STATE HIGHER EDUCATIONAL FACILITY COMMISSION (OH)                                                    | OH OHSEDU 5 12/01/2045    | CUSIP: 67756DXK7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493923.10    | 0.05%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERMONT ECONOMIC DEVELOPMENT AUTHORITY (VT)                                                               | VT VTSDEV 4 05/01/2037    | CUSIP: 92415TCA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $251713.23    | 0.03%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF THE STATE OF NEW YORK (NY)                                                         | NY NYSHGR 5 07/01/2044    | CUSIP: 65000BT65<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    300000 | PA      | $310168.11    | 0.03%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO FALLS IDAHO AUD DIST                                                                                | ID IDFFAC 5.25 05/15/2051 | CUSIP: 45118AAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $880676.01    | 0.09%             | 2051-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH                                                                          | AZ MARDEV 4 10/15/2047    | CUSIP: 56678TAA7<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3461479.20   | 0.36%             | 2047-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL HOUSING AND REDEVELOPMENT AUTHORITY (MN)                                                       | MN STPHSG 5 12/01/2030    | CUSIP: 852297BG4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105079.74    | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON NEV LOC IMPT DISTS                                                                              | NV HENGEN 5.25 03/01/2048 | CUSIP: 425208WU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $979453.33    | 0.10%             | 2048-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBGEN 5 06/01/2041    | CUSIP: 74448EAA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4110000 | PA      | $4130653.57   | 0.43%             | 2041-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (PA)                                                   | PA MONDEV 5 12/01/2048    | CUSIP: 613609F92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1511975.15   | 0.16%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC (GA)                                                                          | GA MAIUTL 05/01/2054      | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2110936.20   | 0.22%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT (FL)                                                 | FL BARGEN 5 05/01/2042    | CUSIP: 05616KBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $294761.19    | 0.03%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORMANDY CMNTY DEV DIST FLA                                                                               | FL NRMDEV 5.3 05/01/2044  | CUSIP: 65618HAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1489140.33   | 0.16%             | 2044-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY (CO)                                                                 | CO COSMED 4 05/15/2048    | CUSIP: 19648FTE4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $432407.60    | 0.05%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 5.38 12/01/2031 | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998552.40   | 0.21%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PINE VIEW PUB INFRASTRUCTURE DIST NO 2 UTAH                                                               | UT PVPGEN 6.25 12/01/2055 | CUSIP: 72302PAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1509338.85   | 0.16%             | 2055-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VILLAGE MET DIST COLO                                                                                     | CO VLLFAC 5.75 12/01/2055 | CUSIP: 92708CAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1214413.20   | 0.13%             | 2055-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SALEM HOSPITAL FACILITY AUTHORITY (OR)                                                                    | OR SALMED 5 05/15/2038    | CUSIP: 794458EV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $744888.47    | 0.08%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROSPERITY LAKES CMNTY DEV DIST FLA                                                                       | FL PPLDEV 6.12 12/15/2053 | CUSIP: 74363HAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1048718.48   | 0.11%             | 2053-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OHIO HSG FIN AGY                                                                                          | OH OHSMFH 6.1 01/01/2046  | CUSIP: 676900YJ6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1275620.63   | 0.13%             | 2046-01-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| THOMPSON CROSSING METROPOLITAN DISTRICT N.2 (CO)                                                          | CO THMDEV 5 12/01/2039    | CUSIP: 88477EAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $905190.48    | 0.10%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIPLE CREEK COMMUNITY DEVELOPMENT DISTRICT (FL)                                                          | FL TRIDEV 4 11/01/2051    | CUSIP: 89677RBF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $690992.14    | 0.07%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FINANCE AUTHORITY (NH)                                                                           | NH NFADEV 07/01/2045      | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1629545.80   | 0.17%             | 2045-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| MILLSBORO (DE), TOWN OF                                                                                   | DE MLBOBL 5 07/01/2028    | CUSIP: 601266AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    214000 | PA      | $217055.04    | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT (THE) (AL)                                                                 | AL BBEUTL 5 06/01/2036    | CUSIP: 09182TJC2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3094279.20   | 0.33%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5.12 07/15/2037 | CUSIP: 744396CU4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    375000 | PA      | $375874.61    | 0.04%             | 2037-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENERGY ACQUISITION CORP (TN)                                                                    | TN TNSUTL 5 12/01/2035    | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2649710.25   | 0.28%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIONEER RANCH CMNTY DEV DIST FLA                                                                          | FL PITDEV 5 05/01/2044    | CUSIP: 723846AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974649.10    | 0.10%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEO. L. SMITH II WORLD CONGRESS CENTER AUTHORITY (THE) (GA)                                               | GA GLSFAC 5 01/01/2036    | CUSIP: 37255MAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508857.65    | 0.05%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA FINANCE AUTHORITY (IA)                                                                               | IA IASGEN 4.75 08/01/2042 | CUSIP: 46246SAE5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000592.50   | 0.32%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX HOSP DIST                                                                                 | TX HARMED 5.25 02/15/2050 | CUSIP: 41415UCC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2123365.20   | 0.22%             | 2050-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UTAH TRANSIT AUTHORITY (UT)                                                                               | UT UTSEDU 5 06/15/2039    | CUSIP: 91754TYL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $662974.20    | 0.07%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN (OH), COUNTY OF                                                                                  | OH FRAGEN 5 12/01/2047    | CUSIP: 353202FP4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2269015.21   | 0.24%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5 06/15/2054    | CUSIP: 744396FN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    685000 | PA      | $628949.81    | 0.07%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYANDOTTE CNTY/KANS CITY KANS UNI GOVT                                                                    | KS WYAGEN 5.5 03/01/2046  | CUSIP: 98267VDQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501620.75   | 0.26%             | 2046-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA)                                                | PA PASDEV 12/01/2037      | CUSIP: 708686ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1781928.63   | 0.19%             | 2037-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH                                                                      | OH COLMFH 6.05 01/01/2046 | CUSIP: 19910XAR7<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033680.00   | 0.21%             | 2046-01-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (PA)                                                   | PA MONDEV 10/01/2034      | CUSIP: 61361TAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1701601.49   | 0.18%             | 2034-10-01      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                                                                                       | WI PUBMED 4 12/01/2041    | CUSIP: 74442CDG6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1364545.20   | 0.14%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTWOOD CITY ECONOMIC DEVELOPMENT CORP (THE) (MI)                                                        | MI KTWDEV 5 11/15/2037    | CUSIP: 491740EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1754504.50   | 0.18%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA (PA), CITY OF                                                                                | PA PHIAPT 5 07/01/2047    | CUSIP: 717817UM0<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001699.00   | 0.11%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROSPERITY LAKES CMNTY DEV DIST FLA                                                                       | FL PPLDEV 5.88 12/15/2043 | CUSIP: 74363HAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $740661.53    | 0.08%             | 2043-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                                                               | TX HOUAPT 5.5 07/15/2037  | CUSIP: 442349HX7<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1605700.20   | 0.17%             | 2037-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY (IL)                                                                           | IL ILSEDU 5 12/01/2031    | CUSIP: 452022AZ9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252601.30    | 0.03%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY HIGHER EDUCATION & HEALTH AUTHORITY (PA)                                                | PA MONDEV 5 12/01/2046    | CUSIP: 613609D60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970545.00    | 0.10%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH TRANSIT AUTHORITY (UT)                                                                               | UT UTSEDU 5 06/15/2039    | CUSIP: 91754TYQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $463888.28    | 0.05%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS COUNTY HOSPITAL FACILITY AUTHORITY (OR)                                                         | OR CLAMED 5.12 11/15/2040 | CUSIP: 179027YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1235361.05   | 0.13%             | 2040-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BURKE COUNTY DEVELOPMENT AUTHORITY (GA)                                                                   | GA BURPOL 11/01/2052      | CUSIP: 121342NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.19%             | 2052-11-01      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| EAST WALLER CNTY MGMT DIST TEX                                                                            | TX EWLGEN 6.25 09/15/2055 | CUSIP: 275737AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027422.40   | 0.11%             | 2055-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MA)                                                             | MA MASDEV 5 07/01/2060    | CUSIP: 57585BBU1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $950953.70    | 0.10%             | 2060-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)                                                   | NY NYCGEN 4 02/01/2042    | CUSIP: 64971XL30<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2584885.80   | 0.27%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAND SPRINGS (OK), CITY OF                                                                                | OK SSPUTL 3 11/01/2042    | CUSIP: 799773BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1228664.09   | 0.13%             | 2042-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERANDA CMNTY DEV DIST II FLA                                                                             | FL VNDDEV 5.38 05/01/2054 | CUSIP: 92338HAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1002520.71   | 0.11%             | 2054-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONONGALIA CNTY W VA                                                                                      | WV MONGEN 5.75 06/01/2043 | CUSIP: 61022DAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $470697.88    | 0.05%             | 2043-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY (NY)                                                      | NY NYCUTL 06/15/2049      | CUSIP: 64972GML5<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2700000.00   | 0.28%             | 2049-06-15      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| CLARK COUNTY SCHOOL DISTRICT (NV)                                                                         | NV CLASCD 3 06/15/2041    | CUSIP: 181059Z33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $785347.61    | 0.08%             | 2041-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY (IL)                                                                           | IL ILSHSG 5 02/15/2028    | CUSIP: 45203KAH8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    145000 | PA      | $146992.63    | 0.02%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRAIRIE CENTER METROPOLITAN DISTRICT N.3 (CO)                                                             | CO PRAGEN 5 12/15/2041    | CUSIP: 739476AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502182.05   | 0.16%             | 2041-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MAYOR AND CITY COUNCIL OF BALTIMORE (MD)                                                                  | MD BALGEN 3.2 06/01/2030  | CUSIP: 05923TCL1<br>LEI: 5493006QYFB72E0IOO54 | Long             | DBT              | MUN               | US        |    190000 | PA      | $186224.17    | 0.02%             | 2030-06-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGENCY (FL)                                                                                 | FL CPTEDU 5 08/01/2040    | CUSIP: 14054CDE6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1076492.44   | 0.11%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PANORAMA PUB INFRASTRUCTURE DIST NO 1 UTAH                                                                | UT PPIFAC 6.25 03/01/2055 | CUSIP: 69862YAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1350459.70   | 0.14%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON (TX), CITY OF                                                                                     | TX HOUAPT 5.5 07/15/2035  | CUSIP: 442349KG0<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2146494.40   | 0.23%             | 2035-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SPRING VY CMNTY INFRASTRUCTURE DIST NO 1 IDAHO                                                            | ID SPVGEN 6.25 09/01/2053 | CUSIP: 850072AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4111892.40   | 0.43%             | 2053-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SALEM VA ECONOMIC DEV AUTH                                                                                | VA SLMEDU 6 04/01/2055    | CUSIP: 794565BL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521719.35    | 0.05%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH                                                                                     | AZ AZSEDU 4 07/15/2034    | CUSIP: 04052BPM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $373730.40    | 0.04%             | 2034-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILDBLUE CMNTY DEV DIST FLA                                                                               | FL WIBDEV 4.25 06/15/2039 | CUSIP: 96809YAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1159556.19   | 0.12%             | 2039-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OYSTER BAY (NY), TOWN OF                                                                                  | NY OYS 2 03/01/2035       | CUSIP: 692160TG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $422674.10    | 0.04%             | 2035-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BERKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (PA)                                                        | PA BERMED 5 05/15/2047    | CUSIP: 08452RAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $586592.40    | 0.06%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (CT)                                        | CT CTSHGR 4 07/01/2037    | CUSIP: 20775DFA5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    800000 | PA      | $803131.04    | 0.08%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                                                               | NY BUIGEN 7 12/15/2055    | CUSIP: 12008EXR2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003790.20   | 0.11%             | 2055-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MANGROVE PT & MANGROVE MANOR CMNTY DEV DIST FLA                                                           | FL MGVDEV 4.25 05/01/2042 | CUSIP: 56271TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1088257.54   | 0.11%             | 2042-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA (PA), CITY OF                                                                                | PA PHIUTL 5 08/01/2042    | CUSIP: 71783MAY1<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1725544.37   | 0.18%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC (GA)                                                                          | GA MAIUTL 12/01/2053      | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067140.30   | 0.11%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MONONGALIA CNTY W VA                                                                                      | WV MONGEN 5 06/01/2033    | CUSIP: 61022DAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $625445.28    | 0.07%             | 2033-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP (NY)                                                             | NY NYTTRN 5.5 06/30/2054  | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1529331.60   | 0.16%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH COUNTY AVIATION AUTHORITY (FL)                                                               | FL HILTRN 5.5 10/01/2049  | CUSIP: 432308W91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532075.45    | 0.06%             | 2049-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UTAH                                                                                       | UT SALAPT 5.25 07/01/2048 | CUSIP: 795576MB0<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |   2930000 | PA      | $3034280.75   | 0.32%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DALLAS CENTER GRIMES COMMUNITY SCHOOL (IA)                                                                | IA DALSCD 3 05/01/2039    | CUSIP: 234554JG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1436284.16   | 0.15%             | 2039-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANTA FE TEX                                                                                              | TX SFEGEN 4.88 09/01/2042 | CUSIP: 802208AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $554444.11    | 0.06%             | 2042-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALLISON VALLEY METROPOLITAN DISTRICT N.1 (CO)                                                             | CO ALVGEN 4.7 12/01/2047  | CUSIP: 01973MAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1040997.85   | 0.11%             | 2047-12-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 4.5 07/15/2049  | CUSIP: 74442EMF4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $356458.04    | 0.04%             | 2049-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EAST WALLER CNTY MGMT DIST TEX                                                                            | TX EWLGEN 6 09/15/2045    | CUSIP: 275737AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041096.70   | 0.11%             | 2045-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WAKARA RIDGE PUB INFRASTRUCTURE DIST UTAH                                                                 | UT WKRDEV 5.62 12/01/2054 | CUSIP: 930814AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2763164.07   | 0.29%             | 2054-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MANGROVE PT & MANGROVE MANOR CMNTY DEV DIST FLA                                                           | FL MGVDEV 4.38 05/01/2052 | CUSIP: 56271TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $349847.58    | 0.04%             | 2052-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 0 12/15/2033    | CUSIP: 63608TAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1154606.40   | 0.12%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO (IL), CITY OF                                                                                     | IL CHI 5.5 01/01/2040     | CUSIP: 167486P60<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    750000 | PA      | $778321.43    | 0.08%             | 2040-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT (UT)                                                 | UT MMVDEV 5.5 06/01/2050  | CUSIP: 59561UAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012769.20   | 0.11%             | 2050-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH                                                                                      | PA PHIEDU 4 06/01/2056    | CUSIP: 71780CBJ8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    850000 | PA      | $638059.13    | 0.07%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BERKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (PA)                                                        | PA BERMED 5 05/15/2042    | CUSIP: 08452RAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $666607.44    | 0.07%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH D C ARPTS AUTH                                                                          | DC METAPT 5.5 10/01/2045  | CUSIP: 592647PC9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2195796.60   | 0.23%             | 2045-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP (TX)                                                  | TX NHPFAC 5.38 01/01/2055 | CUSIP: 64542UHY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $659331.71    | 0.07%             | 2055-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RUTHERFORD CNTY TENN HEALTH & EDL FACS BRD                                                                | TN RUTHSG 5 07/01/2045    | CUSIP: 78324AAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1801843.23   | 0.19%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS COUNTY HOSPITAL FACILITY AUTHORITY (OR)                                                         | OR CLAMED 5.38 11/15/2055 | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3206610.23   | 0.34%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PHELPS CNTY MO                                                                                            | MO PHEMED 6 12/01/2055    | CUSIP: 717252DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056673.20   | 0.11%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA ARIZ INDL DEV AUTH                                                                           | AZ SIEDEV 5 06/15/2054    | CUSIP: 82652UAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1297407.90   | 0.14%             | 2054-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TEX                                                                                           | TX DNNDEV 5.38 12/31/2045 | CUSIP: 24880GAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2479996.87   | 0.26%             | 2045-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                                                               | TX HOUAPT 4 07/15/2041    | CUSIP: 442349GA8<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $987874.72    | 0.10%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DEV AUTH                                                                      | SC SCSHSG 4.5 07/01/2046  | CUSIP: 83712GCD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992644.80    | 0.10%             | 2046-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT (FL)                                                 | FL BARGEN 4 05/01/2052    | CUSIP: 05616KBN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $490651.32    | 0.05%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUCKHEAD TRAILS II CMNTY DEV DIST FLA                                                                     | FL BHTGEN 5.5 05/01/2046  | CUSIP: 11837KAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504658.60    | 0.05%             | 2046-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| POMPANO BEACH (FL), CITY OF                                                                               | FL POMGEN 4 09/01/2050    | CUSIP: 732203BE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $875846.37    | 0.09%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANGLEY SOUTH COMMUNITY DEVELOPMENT DISTRICT (FL)                                                         | FL LNSDEV 5.12 05/01/2044 | CUSIP: 515816AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1090175.35   | 0.11%             | 2044-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FLA EDL FAC AUTH                                                                             | FL VOLEDU 5.25 06/01/2049 | CUSIP: 928836NY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1418094.44   | 0.15%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DECATUR TEX                                                                                               | TX DEC 5.5 09/15/2045     | CUSIP: 243340AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $579790.51    | 0.06%             | 2045-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY S C                                                                                         | SC BERGEN 4 11/01/2030    | CUSIP: 084220AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $283720.44    | 0.03%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FINANCING CORP (RI)                                                                    | RI TOBGEN 5 06/01/2040    | CUSIP: 888809BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500474.00   | 0.26%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS (IL), STATE OF                                                                                   | IL ILS 5.5 05/01/2047     | CUSIP: 452153FL8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1424664.56   | 0.15%             | 2047-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE (WA)                                                                                      | WA PTSGEN 5 08/01/2046    | CUSIP: 735389R26<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051851.60   | 0.22%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARTINSBURG (WV), CITY OF                                                                                 | AZ MAREDU 5 07/01/2039    | CUSIP: 56681NEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010744.70   | 0.11%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DISTRICT (FL)                                                                  | FL LKRGEN 3.75 05/01/2040 | CUSIP: 51265KED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $486118.26    | 0.05%             | 2040-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SANDRIDGE CMNTY DEV DIST FLA                                                                              | FL SDRDEV 4.3 05/01/2052  | CUSIP: 80007LAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1593025.90   | 0.17%             | 2052-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC (GA)                                                                          | GA MAIUTL 05/01/2052      | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014466.50   | 0.11%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRAL PENNSYLVANIA GENERAL AUTHORITY (PA)                                                          | PA SCAGEN 4 06/01/2049    | CUSIP: 84129NMD8<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    960000 | PA      | $856624.13    | 0.09%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION (WA)                                                          | WA WASHSG 5 07/01/2043    | CUSIP: 939783Q66<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532284.80   | 0.16%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER (SC), COUNTY OF                                                                                 | SC LANGEN 5 12/01/2031    | CUSIP: 514088AM5<br>LEI: 5493004EFQNI7UOCFI47 | Long             | DBT              | MUN               | US        |    230000 | PA      | $230176.27    | 0.02%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CONN HSG AUTH                                                                                    | CT STMHSG 6.5 10/01/2055  | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2275412.92   | 0.24%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER COUNTY LOCAL DEVELOPMENT CORP (NY)                                                            | NY WSTDEV 5 07/01/2034    | CUSIP: 95737TEH5<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102793.51    | 0.01%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBGEN 5.25 11/15/2050 | CUSIP: 74442PK95<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1146042.23   | 0.12%             | 2050-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING CORP N Y                                                                   | NY SOBGEN 5.75 12/01/2044 | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2057871.40   | 0.22%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LANGLEY SOUTH CMNTY DEV DIST FLA                                                                          | FL LNSDEV 5.4 05/01/2055  | CUSIP: 515816AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2467701.75   | 0.26%             | 2055-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TEX                                                                                           | TX PILGEN 6.38 09/15/2055 | CUSIP: 721614BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516711.75    | 0.05%             | 2055-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY (IL)                                                                           | IL ILSHSG 5 02/15/2027    | CUSIP: 45203KAG0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    300000 | PA      | $302470.83    | 0.03%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS (MN), CITY OF                                                                                 | MN MINSTD 3.8 08/01/2027  | CUSIP: 60379NCD6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99310.15     | 0.01%             | 2027-08-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING CORP N Y                                                                   | NY SOBGEN 6 12/01/2053    | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045407.60   | 0.22%             | 2053-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                                                                                         | IL ILSGEN 5.12 11/01/2046 | CUSIP: 45204FT70<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999864.00    | 0.11%             | 2046-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5 07/15/2054    | CUSIP: 744396FB3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1431216.64   | 0.15%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBGEN 6.85 01/01/2051 | CUSIP: 74442PVQ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1363363.40   | 0.14%             | 2051-01-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| FATE TEX                                                                                                  | TX FATGEN 5.38 08/15/2044 | CUSIP: 31189RCQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014020.70   | 0.11%             | 2044-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT (PA)                                                    | PA PHIEDU 5 08/01/2050    | CUSIP: 71780CAK6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    950000 | PA      | $919224.85    | 0.10%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 5 12/15/2039    | CUSIP: 04052BJC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401350.80    | 0.04%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY (IN)                                                                            | IN INSFIN 5.25 03/01/2050 | CUSIP: 45506ENZ2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267586.00   | 0.13%             | 2050-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FORT LAUDERDALE (FL), CITY OF                                                                             | FL FORUTL 5.5 09/01/2053  | CUSIP: 347658ZA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1885568.65   | 0.20%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STAMFORD CONN HSG AUTH                                                                                    | CT STMHSG 6.38 10/01/2045 | CUSIP: 852640AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056984.90   | 0.11%             | 2045-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DIST FLA                                                                       | FL LKRGEN 5.8 05/01/2045  | CUSIP: 51265KGG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2739774.46   | 0.29%             | 2045-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH STEWARDSHIP DIST FLA                                                                       | FL LKRGEN 6 05/01/2056    | CUSIP: 51265KGH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1828863.75   | 0.19%             | 2056-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACK DESERT PUB INFRASTRUCTURE DIST UTAH                                                                 | UT BLDFAC 5.62 12/01/2053 | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035220.80   | 0.21%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ELBERT & HWY 86 COML MET DIST COLO                                                                        | CO ELBTRN 5 12/01/2041    | CUSIP: 28421SAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1717497.59   | 0.18%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVINGTON CMNTY DEV DIST FLA                                                                              | FL RVN 4 05/01/2052       | CUSIP: 769656AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $319875.50    | 0.03%             | 2052-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TULSA COUNTY INDUSTRIAL AUTHORITY (OK)                                                                    | OK TULIND 5.25 11/15/2037 | CUSIP: 899530AY5<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1178045.79   | 0.12%             | 2037-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BERRY BAY II CMNTY DEV DIST FLA                                                                           | FL BBADEV 5.2 05/01/2044  | CUSIP: 08577DAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502766.60    | 0.05%             | 2044-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MA)                                                             | MA MASDEV 5 07/01/2054    | CUSIP: 57585BBT4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1401033.79   | 0.15%             | 2054-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                                                               | TX HOUAPT 4 07/01/2041    | CUSIP: 442349FZ4<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1354462.73   | 0.14%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIX MILE CREEK CMNTY DEV DIST FLA                                                                         | FL SIXDEV 4 05/01/2051    | CUSIP: 83005TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1597877.99   | 0.17%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY                                                                                   | CO DENAPT 5.75 11/15/2040 | CUSIP: 249182TJ5<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1248615.65   | 0.13%             | 2040-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ELBERT & HWY 86 COML MET DIST COLO                                                                        | CO ELBTRN 5 12/01/2051    | CUSIP: 28421SAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1419635.86   | 0.15%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & STATE PAUL MINN MET ARPT                                                                    | MN MINAPT 5.25 01/01/2049 | CUSIP: 603827Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1696578.57   | 0.18%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 5 12/15/2049    | CUSIP: 04052BJD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $641847.15    | 0.07%             | 2049-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX CITY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                  | AZ PHODEV 5 07/01/2027    | CUSIP: 71885DCS9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101374.88    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHINGLE CREEK AT BRONSON CMNTY DEV DIST FLA                                                               | FL SCBDEV 3.5 06/15/2041  | CUSIP: 82459NAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916362.60    | 0.10%             | 2041-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COOL WTR MUN UTIL DIST TEX                                                                                | TX COWUTL 5 08/15/2045    | CUSIP: 21640ABZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1439803.17   | 0.15%             | 2045-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PALISADE COLO MET DIST NO 2                                                                               | CO PLSFAC 0 12/15/2054    | CUSIP: 696392AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2473157.25   | 0.26%             | 2054-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH                                                                 | MD MDSMED 5.25 07/01/2044 | CUSIP: 57421CMH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $422657.48    | 0.04%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN BROOK MET DIST COLO                                                                              | CO MTBFAC 4.5 12/01/2041  | CUSIP: 62387TAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $789843.37    | 0.08%             | 2041-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY (CO)                                                                 | CO COSMED 5.25 05/15/2030 | CUSIP: 19648FBT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1297362.23   | 0.14%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH D C ARPTS AUTH                                                                          | DC METAPT 5.25 10/01/2043 | CUSIP: 592647MB4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1544476.35   | 0.16%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                                                                                       | WI PUBGEN 0 12/15/2036    | CUSIP: 74442PY25<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3064000 | PA      | $1564211.83   | 0.16%             | 2036-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RIVINGTON CMNTY DEV DIST FLA                                                                              | FL RVN 3.38 05/01/2031    | CUSIP: 769656AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $735642.61    | 0.08%             | 2031-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JORDANELLE RIDGE PUB INFRASTRUCTURE DIST NO 2 UTAH                                                        | UT JRIDEV 7.75 03/01/2054 | CUSIP: 480790AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2088802.40   | 0.22%             | 2054-03-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE (WA)                                                                                      | WA PTSGEN 5 08/01/2039    | CUSIP: 735389Q76<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058249.10   | 0.11%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COBB (GA), COUNTY OF                                                                                      | GA COBEDU 6.4 06/15/2053  | CUSIP: 190779AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1752492.18   | 0.18%             | 2053-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FINANCING AUTHORITY (VA)                                                          | VA VASDEV 5 12/31/2049    | CUSIP: 928097AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3471279.95   | 0.37%             | 2049-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN DAYBREAK PUB INFRASTRUCTURE DIST NO 1 UTAH                                                       | UT DDPGEN 5.62 03/01/2046 | CUSIP: 26114MAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1978315.52   | 0.21%             | 2046-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION (PA)                                                                     | PA PASTRN 5 06/01/2039    | CUSIP: 709224PL7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10018.68     | 0.00%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COCO PALMS COMMUNITY DEVELOPMENT DISTRICT (FL)                                                            | FL CCPDEV 5 05/01/2046    | CUSIP: 191653AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990234.40    | 0.10%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP (NY)                                                                              | NY BUIGEN 5.25 07/01/2052 | CUSIP: 12008ETX4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014298.20   | 0.11%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON STATE HOUSING FINANCE COMMISSION (WA)                                                          | WA WASHSG 6.25 01/01/2056 | CUSIP: 939783Z41<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011601.60   | 0.11%             | 2056-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)                                                               | CA CASFIN 5 10/01/2044    | CUSIP: 13048VLB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252930.88   | 0.13%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEXINGTON COUNTY HEALTH SERVICES DISTRICT INC (SC)                                                        | SC LEXMED 5 11/01/2041    | CUSIP: 529050DZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001648.20   | 0.21%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 5 06/15/2027    | CUSIP: 74445GAK8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    160000 | PA      | $162167.23    | 0.02%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA)                                                | PA PASDEV 5.25 06/30/2053 | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3565000.53   | 0.38%             | 2053-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUB FIN AUTH                                                                                   | CA CASMED 5 11/15/2051    | CUSIP: 13057GAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $224618.15    | 0.02%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 5 05/15/2032    | CUSIP: 74443UAY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1283523.12   | 0.14%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY HILL TEX                                                                                          | TX LBHGEN 4 09/01/2052    | CUSIP: 530575AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1093458.96   | 0.12%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON (KY), CITY OF                                                                                   | KY HENFAC 4.7 01/01/2052  | CUSIP: 425099AB4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1859525.00   | 0.20%             | 2052-01-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TEXAS PRIVATE ACTIVITY BD SURFACE TRANSPORTATION CORP                                                     | TX TXSTRN 5.5 06/30/2042  | CUSIP: 882667CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1838006.63   | 0.19%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                                                                  | NY NYTTRN 4.38 10/01/2045 | CUSIP: 650116DA1<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2441859.73   | 0.26%             | 2045-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LENEXA (KS), CITY OF                                                                                      | KS LENMED 5 05/15/2043    | CUSIP: 526039CU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1952697.83   | 0.21%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWLIN CROSSING MET DIST COLO                                                                             | CO NWCDEV 5.38 12/01/2054 | CUSIP: 65152HAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1148104.10   | 0.12%             | 2054-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH                                                              | PA ALTDEV 6 05/01/2042    | CUSIP: 018444CH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1374598.38   | 0.14%             | 2042-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 4 07/15/2041    | CUSIP: 04052BPR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $836534.28    | 0.09%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH                                                                         | VA VBFMED 5.5 12/01/2054  | CUSIP: 928103AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3104140.50   | 0.33%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FLA HEALTH FACS AUTH                                                                         | FL ALAMED 4 10/01/2040    | CUSIP: 010684AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $673906.82    | 0.07%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO CITY BOARD OF EDUCATION (IL)                                                                      | IL CHIEDU 5 12/01/2041    | CUSIP: 167505XS0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983333.20    | 0.10%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HORACE N D                                                                                                | ND HOR 3 05/01/2036       | CUSIP: 440365GV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $440744.88    | 0.05%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FINANCING AUTHORITY (VA)                                                          | VA VASDEV 5 12/31/2047    | CUSIP: 928097AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2479404.75   | 0.26%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA)                                                | PA PASDEV 5.25 07/01/2046 | CUSIP: 70869PPE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019568.30   | 0.11%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE COMMN RETIREMENT FACS                                                             | NC NCSMED 5 10/01/2044    | CUSIP: 65820YSW7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    525000 | PA      | $540555.91    | 0.06%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERRY BAY CMNTY DEV DIST FLA                                                                              | FL BEBDEV 3.62 05/01/2041 | CUSIP: 08577CAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $861698.00    | 0.09%             | 2041-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DORMITORY AUTHORITY OF THE STATE OF NEW YORK (NY)                                                         | NY NYSHGR 5.25 10/01/2049 | CUSIP: 65000B7X0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1286551.75   | 0.14%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHOENIX CITY INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                  | AZ PHOEDU 5 07/01/2045    | CUSIP: 71885FDV6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1930899.20   | 0.20%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH SPRINGS IMPROVEMENT DISTRICT (FL)                                                                   | FL NSGGEN 4.88 05/01/2038 | CUSIP: 662543BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006733.10   | 0.11%             | 2038-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP                                                                                      | FL FLSDEV 4.5 07/01/2032  | CUSIP: 34061XAK8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001343.70   | 0.11%             | 2032-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA DEV AUTH                                                                                     | GA COBEDU 6 06/15/2043    | CUSIP: 190779AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507666.80    | 0.05%             | 2043-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GRANDVIEW RESV MET DIST NO 3 COLO                                                                         | CO GDRDEV 6.25 12/01/2052 | CUSIP: 386810AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004505.30   | 0.11%             | 2052-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MIDA CORMONT PUB INFRASTRUCTURE DIST UTAH                                                                 | UT MCRDEV 0 06/01/2055    | CUSIP: 59561JAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1740805.60   | 0.18%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN                                                                               | WA WASHSG 6 01/01/2046    | CUSIP: 939783Z33<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023575.40   | 0.11%             | 2046-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUMMER WOODS CMNTY DEV DIST FLA                                                                           | FL SMWDEV 4 05/01/2050    | CUSIP: 865657AJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $84054.19     | 0.01%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN                                                                               | WA WASHSG 5.5 07/01/2049  | CUSIP: 93978LHF6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506104.50    | 0.05%             | 2049-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVE MARIA STEWARDSHIP COMMUNITY DISTRICT (FL)                                                             | FL AVMDEV 4.3 05/01/2042  | CUSIP: 05355AAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95288.03     | 0.01%             | 2042-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GROVES AT LAKE MARION CMNTY DEV DIST FLA                                                                  | FL GLMGEN 5.3 12/15/2046  | CUSIP: 399735AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650980.79    | 0.07%             | 2046-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBGEN 0 12/15/2037    | CUSIP: 74442PL78<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2905000 | PA      | $1440909.34   | 0.15%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MED CARE COMMN RETIREMENT FACS                                                             | NC NCSMED 5 10/01/2049    | CUSIP: 65820YSX5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507626.15   | 0.16%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASTORIA CITY HOSPITAL FACILITIES AUTHORITY (THE) (OR)                                                     | OR ASTMED 5.25 08/01/2049 | CUSIP: 046279CT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750760.95    | 0.08%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FIELDS ESTATES PUB INFRASTRUCTURE DIST UTAH                                                               | UT FESDEV 5.25 12/01/2053 | CUSIP: 31657CAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2213891.55   | 0.23%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 5 06/01/2044    | CUSIP: 74439YCV1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1889058.66   | 0.20%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTSHORE CMNTY DEV DIST FLA                                                                            | FL BTEDEV 5.3 05/01/2046  | CUSIP: 10948FAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1717882.35   | 0.18%             | 2046-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CORP                                                                          | TX ARLEDU 5.75 06/15/2055 | CUSIP: 041807PV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009740.30   | 0.11%             | 2055-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN (TX), CITY OF                                                                                      | TX AUSAPT 5 11/15/2046    | CUSIP: 052398FU3<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2082931.97   | 0.22%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL HOUSING AND REDEVELOPMENT AUTHORITY (MN)                                                       | MN STPHSG 4.25 12/01/2032 | CUSIP: 852297DS6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    975000 | PA      | $996412.95    | 0.10%             | 2032-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COCO PALMS COMMUNITY DEVELOPMENT DISTRICT (FL)                                                            | FL CCPDEV 4.5 05/01/2032  | CUSIP: 191653AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $486647.59    | 0.05%             | 2032-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 4 06/15/2041    | CUSIP: 74442EHP8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1023475.17   | 0.11%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOMEWOOD EDUCATIONAL BUILDING AUTHORITY (AL)                                                              | AL HOMEDU 5.5 10/01/2049  | CUSIP: 437887HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1530527.55   | 0.16%             | 2049-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO CITY BOARD OF EDUCATION (IL)                                                                      | IL CHIEDU 5 12/01/2030    | CUSIP: 167505XV3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1802707.20   | 0.19%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TANEY CNTY MO INDL DEV AUTH                                                                               | MO TANDEV 6 10/01/2049    | CUSIP: 87539QAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004393.80   | 0.21%             | 2049-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST NO 5 COLO                                                                                | CO CNYFAC 6.5 12/15/2054  | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1127080.01   | 0.12%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ST. LOUIS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (MO)                                                    | MO STLDEV 5.12 09/01/2048 | CUSIP: 791524CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996149.90    | 0.10%             | 2048-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 5.88 12/15/2033 | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1199481.48   | 0.13%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 4 07/15/2051    | CUSIP: 04052BPS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1160050.65   | 0.12%             | 2051-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MEDICAL CARE COMMISSION (NC)                                                               | NC NCSMED 4 03/01/2041    | CUSIP: 65821DYF2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3165601.23   | 0.33%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DETROIT (MI), CITY OF                                                                                     | MI DET 5 04/01/2050       | CUSIP: 2510935F3<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3016320.60   | 0.32%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC (GA)                                                                          | GA MAIUTL 09/01/2052      | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1778048.65   | 0.19%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTSIDE COMMUNITY DEVELOPMENT DISTRICT (FL)                                                              | FL WSTDEV 4.12 05/01/2038 | CUSIP: 96149TAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $870662.34    | 0.09%             | 2038-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 5.5 06/15/2049  | CUSIP: 74442ELZ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1593472.00   | 0.17%             | 2049-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI STATE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (MO)                                           | MO MOSMED 5 02/01/2046    | CUSIP: 60635HZ85<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1144998.97   | 0.12%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY (CO)                                                                 | CO COSMED 4 05/15/2041    | CUSIP: 19648FTD6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1073962.58   | 0.11%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SUNSET PKS MET DIST COLO                                                                                  | CO SNSDEV 5.12 12/01/2054 | CUSIP: 86777VAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2770143.81   | 0.29%             | 2054-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH & EDL FACS AUTH                                                                          | WI WISMED 5.88 07/01/2055 | CUSIP: 97671VCP8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005269.30   | 0.11%             | 2055-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIDA CORMONT PUB INFRASTRUCTURE DIST UTAH                                                                 | UT MCRDEV 6.25 06/01/2055 | CUSIP: 59561JAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1172057.34   | 0.12%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS REGIONAL AIRPORT AUTHORITY (OH)                                                                  | OH COLAPT 5.5 01/01/2050  | CUSIP: 199546DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3959419.50   | 0.42%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTH LAS VEGAS NEV                                                                                       | NV NORGEN 4 06/01/2029    | CUSIP: 66041HGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185253.54    | 0.02%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA)                                                | PA PASDEV 5 06/30/2042    | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $310120.31    | 0.03%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HIGHER ED FIN CORP                                                                          | TX ARLEDU 5.62 06/15/2045 | CUSIP: 041807PU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513868.50    | 0.05%             | 2045-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO AQUEDUCT AND SEWER AUTHORITY                                                                  | PR PRCUTL 5 07/01/2047    | CUSIP: 745160SJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5717069.18   | 0.60%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP (NY)                                                             | NY NYTTRN 5.25 06/30/2049 | CUSIP: 650116HK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $166137.30    | 0.02%             | 2049-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AVE MARIA STEWARDSHIP COMMUNITY DISTRICT (FL)                                                             | FL AVMDEV 4.45 05/01/2052 | CUSIP: 05355AAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1455722.77   | 0.15%             | 2052-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 0 12/01/2031    | CUSIP: 63608TAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1389166.20   | 0.15%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                                                                     | NH NFAGEN 0 12/15/2032    | CUSIP: 63608TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $1242628.75   | 0.13%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEALTH & EDL FACS AUTH                                                                        | MO MOSMED 06/01/2044      | CUSIP: 60637AFM9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.21%             | 2044-06-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY (DC)                                                           | DC METAPT 5 10/01/2042    | CUSIP: 592647NA5<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1558385.81   | 0.16%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARBLE FALLS TEX                                                                                          | TX MBFGEN 4.12 09/01/2041 | CUSIP: 566035AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $919242.90    | 0.10%             | 2041-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNION CNTY ORE HOSP FAC AUTH                                                                              | OR UNIMED 5 07/01/2042    | CUSIP: 906420CG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $762571.05    | 0.08%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY (PA)                                                                  | PA LANMED 5 11/01/2051    | CUSIP: 514045W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016419.00   | 0.21%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TEX                                                                                           | TX DNNDEV 5.62 12/31/2054 | CUSIP: 24880GAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011883.80   | 0.21%             | 2054-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DETROIT (MI), CITY OF                                                                                     | MI DET 5 04/01/2046       | CUSIP: 2510935E6<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1118717.60   | 0.12%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBFIN 5 05/15/2031    | CUSIP: 74443UAX1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1223480.82   | 0.13%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY HILL TEX                                                                                          | TX LBHGEN 3.38 09/01/2042 | CUSIP: 530575AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $838513.30    | 0.09%             | 2042-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA)                                                | PA PASDEV 5.75 06/30/2048 | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2094462.00   | 0.22%             | 2048-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUBLIC FACILITIES AUTHORITY (LA)                                                                | LA LASFAC 6 06/15/2059    | CUSIP: 546399UY0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2014878.60   | 0.21%             | 2059-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH                                                                 | MD MDSMED 5.25 07/01/2050 | CUSIP: 57421CKA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $3811839.36   | 0.40%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH                                                                                | VA VBHDEV 5 09/01/2029    | CUSIP: 92774NAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024271.60   | 0.11%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN                                                                | MN MINAPT 5.25 01/01/2042 | CUSIP: 603827Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2638169.07   | 0.28%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MILITARY INSTALLATION DEVELOPMENT AUTHORITY (UT)                                                          | UT MILDEV 4 06/01/2052    | CUSIP: 599772AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2500121.10   | 0.26%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)                                                   | SC SCSMED 5.5 12/01/2045  | CUSIP: 837033KX6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510654.90    | 0.05%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI STATE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (MO)                                           | MO MOSMED 5.25 02/01/2048 | CUSIP: 60635H4B2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3084852.96   | 0.32%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SHELBY COUNTY HEALTH EDUCATIONAL & HOUSING FACILITY BOARD (TN)                                            | TN SHEHSG 5 06/01/2044    | CUSIP: 82170LAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013281.40   | 0.21%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAYOR AND CITY COUNCIL OF BALTIMORE (MD)                                                                  | MD BALGEN 3.15 06/01/2029 | CUSIP: 05923TCK3<br>LEI: 5493006QYFB72E0IOO54 | Long             | DBT              | MUN               | US        |    200000 | PA      | $197032.70    | 0.02%             | 2029-06-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| OLD HICKORY CMNTY DEV DIST FLA                                                                            | FL OLHDEV 4 06/15/2040    | CUSIP: 679792AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1223568.45   | 0.13%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FINANCE AUTHORITY (WI)                                                                             | WI PUBEDU 4.2 07/15/2027  | CUSIP: 744396CT7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    230000 | PA      | $229775.31    | 0.02%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PRINCETON TEX                                                                                             | TX PRIGEN 5.25 09/01/2054 | CUSIP: 742400CN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990913.20    | 0.10%             | 2054-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MEDICAL CARE COMMISSION (NC)                                                               | NC NCSMED 5.25 12/01/2054 | CUSIP: 65820YTG1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3251843.52   | 0.34%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH SALT LAKE UTAH REDEV AGY                                                                            | UT SSTGEN 6.25 04/15/2046 | CUSIP: 83985AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2790247.82   | 0.29%             | 2046-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CARMEL IND REDEV AUTH                                                                                     | IN CARDEV 3 07/15/2040    | CUSIP: 143293BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1257897.52   | 0.13%             | 2040-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON TEX                                                                                             | TX GALTRN 5.25 08/01/2037 | CUSIP: 364568JH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $426903.12    | 0.04%             | 2037-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALTLEAF CMNTY DEV DIST FLA                                                                               | FL SLFDEV 6 05/01/2056    | CUSIP: 79575MAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2799607.85   | 0.29%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STRATEGIC FUND (MI)                                                                              | MI MISGEN 5 11/15/2042    | CUSIP: 594698PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000383.60   | 0.11%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIELDS ESTATES PUB INFRASTRUCTURE DIST UTAH                                                               | UT FESDEV 6.12 03/01/2055 | CUSIP: 316576AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3473017.71   | 0.37%             | 2055-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)                                                       | AZ AZSEDU 5 07/15/2039    | CUSIP: 04052BHY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1327328.03   | 0.14%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH                                                                                  | AR ARSDEV 6.88 07/01/2048 | CUSIP: 04108WCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2152060.40   | 0.23%             | 2048-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MEDICAL CARE COMMISSION (NC)                                                               | NC NCSMED 5 10/01/2037    | CUSIP: 65820YMR4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2856243.50   | 0.30%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO CITY BOARD OF EDUCATION (IL)                                                                      | IL CHIEDU 5 12/01/2035    | CUSIP: 167505XL5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010414.20   | 0.11%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)                                                   | SC SCSMED 5.8 12/01/2050  | CUSIP: 837033KY4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014126.30   | 0.11%             | 2050-12-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK (IN)                                                      | IN INPGEN 6 03/01/2053    | CUSIP: 45528U6X4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1765293.94   | 0.19%             | 2053-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FORT WAYNE IND                                                                                            | IN FORMFH 5.3 01/01/2032  | CUSIP: 34926RAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245195.58    | 0.03%             | 2032-01-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ILLINOIS (IL), STATE OF                                                                                   | IL ILS 5.5 03/01/2047     | CUSIP: 452153DB2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1827271.08   | 0.19%             | 2047-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH CITY DEVELOPMENT AUTHORITY (VA)                                                            | VA VBHDEV 7 09/01/2053    | CUSIP: 92774NBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2191001.40   | 0.23%             | 2053-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)                                                   | SC SCSMED 5.5 11/15/2044  | CUSIP: 83704HAL1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035888.80   | 0.11%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAYOR AND CITY COUNCIL OF BALTIMORE (MD)                                                                  | MD BALGEN 3.05 06/01/2028 | CUSIP: 05923TCJ6<br>LEI: 5493006QYFB72E0IOO54 | Long             | DBT              | MUN               | US        |    185000 | PA      | $182731.57    | 0.02%             | 2028-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| OKALOOSA CNTY FLA                                                                                         | FL OKADEV 5.5 05/15/2045  | CUSIP: 678226AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1278837.67   | 0.13%             | 2045-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HALIFAX HOSPITAL MEDICAL CENTER (FL)                                                                      | FL HALMED 5 06/01/2036    | CUSIP: 405815LG4<br>LEI: 549300H6HDJUXLEMUW23 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001885.40   | 0.21%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRIDGEWATER NORTH CMNTY DEV DIST FLA                                                                      | FL BNCDEV 4 05/01/2042    | CUSIP: 10865PAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1529639.80   | 0.16%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                                                                      | PR PRCGEN 4.55 07/01/2040 | CUSIP: 74529JPV1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1171773.60   | 0.12%             | 2040-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACILITIES AUTHORITY (CO)                                                                 | CO COSMED 5 01/01/2037    | CUSIP: 19648FAZ7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1402213.82   | 0.15%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY HOSPITAL DEVELOPMENT AUTHORITY (PA)                                                      | PA ALLMED 5 04/01/2047    | CUSIP: 01728A4A1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1866982.19   | 0.20%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-23

**Name of Applicant:** First Trust Exchange-Traded Fund III

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer