# EDGAR Filing Document

**Accession Number:** 0001424212
**File Stem:** 0000940400-25-002134
**Filing Date:** 2025-9
**Character Count:** 119424
**Document Hash:** 741b18a83b98cd9b0357b6e62445cd8e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002134.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0000940400-25-002134

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20250731

**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:** 251336449

**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 California Municipal High Income ETF (Series ID: S000057894)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000187865 | First Trust California Municipal High Income ETF | FCAL            |

## 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 California Municipal High Income ETF

- **b. EDGAR series identifier (if any):** S000057894

- **c. LEI of Series:** 549300HQXBNWXGHCKR24

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $202931176.83

**Total Liabilities:** $5296699.88

**Net Assets:** $197634476.95

**Delayed Delivery Securities:** $5157630.00

**Cash Not Reported:** $4124444.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 125.53253000 | **1-Year:** 1924.18545000 | **5-Year:** 18187.99794000 | **10-Year:** 138743.55326000 | **30-Year:** 7849.88256000

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

- **3-Month:** 13.57755000 | **1-Year:** 339.76951000 | **5-Year:** 1412.33222000 | **10-Year:** 1402.55764000 | **30-Year:** 96.71165000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000187865 | -0.22%               | 0.46%                | -0.50%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-266934.96              | $-1181020.00                               |
| Month 2  | $-292215.30              | $1042857.81                                |
| Month 3  | $-2456634.51             | $-23801.78                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CALIFORNIA ST MUNI FIN AUTH SO              | California Municipal Finance Authority                                          | CUSIP: 13048RAN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000285.20   | 1.01%             | 2041-11-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| GARDEN GROVE CA PUBLIC FING AU              | Garden Grove Public Financing Authority                                         | CUSIP: 36527RBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041071.30   | 0.53%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA WTR DIST SA              | Santa Clara Valley Water District Safe Clean Water Revenue                      | CUSIP: 80168EAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538406.40    | 0.27%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS CA PUBLIC FING A              | River Islands Public Financing Authority                                        | CUSIP: 76827QGP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $489957.98    | 0.25%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A              | California Enterprise Development Authority                                     | CUSIP: 13067VBP8<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519730.25    | 0.26%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CO              | California Municipal Finance Authority                                          | CUSIP: 130493CK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $526639.85    | 0.27%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN              | CSCDA Community Improvement Authority                                           | CUSIP: 126292AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1489009.60   | 0.75%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO CA SPL TX                           | City of Ontario CA                                                              | CUSIP: 68304NFW4<br>LEI: 254900FN91TH1F225693 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513423.45    | 0.26%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA REVENUES                 | University of California                                                        | CUSIP: 91412GSH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.51%             | 2048-05-15      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| MARINA CA REDEV AGY SUCCESSOR               | Marina Redevelopment Agency Successor Agency                                    | CUSIP: 568061AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103077.74    | 0.05%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A              | California Enterprise Development Authority                                     | CUSIP: 13069BBB1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    650000 | PA      | $670420.73    | 0.34%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY CA ARPT SYS RE              | County of Sacramento CA Airport System Revenue                                  | CUSIP: 786107RW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014458.70   | 0.51%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032UMN5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $888575.80    | 0.45%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESTRN CA MUNI WTR DIST CMNTY F              | Eastern Municipal Water District                                                | CUSIP: 27627M5N3<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |    175000 | PA      | $184238.81    | 0.09%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURBANK CA WTR & PWR ELEC REVE              | City of Burbank CA Electric Revenue                                             | CUSIP: 12082TCJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1294422.50   | 0.65%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &              | California Infrastructure & Economic Development Bank                           | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $892170.90    | 0.45%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY MUNI CT              | California Housing Finance Agency                                               | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | ABS-MBS          | MUN               | US        |    407563 | PA      | $413428.17    | 0.21%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI              | Bay Area Toll Authority                                                         | CUSIP: 072024A93<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034414.30   | 0.52%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                 | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    585000 | PA      | $620999.91    | 0.31%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA R              | San Francisco City & County Redevelopment Agency Successor Agency               | CUSIP: 79772ADL8<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1351379.00   | 0.68%             | 2040-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET WTR DIST OF STHRN CA WTRWK              | Metropolitan Water District of Southern California                              | CUSIP: 59266TWN7<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032882.00   | 0.52%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAMMOTH LAKES CA COPS                       | Town of Mammoth Lakes CA                                                        | CUSIP: 561550DB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $473692.91    | 0.24%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A              | California Enterprise Development Authority                                     | CUSIP: 13069BBC9<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    785000 | PA      | $772795.92    | 0.39%             | 2045-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORONA CA CMNTY FACS DIST SPL               | Corona Community Facilities District                                            | CUSIP: 219680HC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515668.60    | 0.26%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032UN46<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1060565.86   | 0.54%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KERN CA CMNTY CLG DIST                      | Kern Community College District                                                 | CUSIP: 492244GR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084293.90   | 0.55%             | 2039-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RHODINE ROAD NORTH CDD FL SPL               | Rhodine Road North Community Development District                               | CUSIP: 762402AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $212675.61    | 0.11%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CORONA CA CMNTY FACS DIST SPL               | Corona Community Facilities District                                            | CUSIP: 219680HD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $723400.29    | 0.37%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA PUBLIC FACS FING               | San Diego Public Facilities Financing Authority                                 | CUSIP: 79730AKX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022567.10   | 0.52%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEMESCAL VLY CA WTR DIST SPL T              | Temescal Valley Water District                                                  | CUSIP: 87975CAM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515566.55    | 0.26%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080SYC2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    385000 | PA      | $393167.93    | 0.20%             | 2037-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST                  | San Diego Unified School District/CA                                            | CUSIP: 797355Q56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1261597.61   | 0.64%             | 2041-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA WTR REVENUE                    | City of Riverside CA Water Revenue                                              | CUSIP: 769076WC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $770955.68    | 0.39%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MO              | California Municipal Finance Authority                                          | CUSIP: 13049SCP7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     85000 | PA      | $80597.71     | 0.04%             | 2032-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ESTRN CA MUNI WTR DIST CMNTY F              | Eastern Municipal Water District                                                | CUSIP: 27627M5P8<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |    175000 | PA      | $182378.86    | 0.09%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAMMERSVILLE CA JT UNIF SCH DI              | Lammersville Joint Unified School District                                      | CUSIP: 513533EZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $183110.46    | 0.09%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059TFQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $108233.33    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROWLAND CA UNIF SCH DIST                    | Rowland Unified School District                                                 | CUSIP: 779631LV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $714906.41    | 0.36%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059TJL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $459101.05    | 0.23%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                               | State of California                                                             | CUSIP: 13063ELD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $792314.29    | 0.40%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MO              | California Municipal Finance Authority                                          | CUSIP: 13049SGB4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983313.40    | 0.50%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                      | CUSIP: 544445SQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $635002.92    | 0.32%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS CA PUBLIC FING A              | River Islands Public Financing Authority                                        | CUSIP: 76827QEM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493596.95    | 0.25%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLOVIS CA UNIF SCH DIST COPS                | Clovis Unified School District                                                  | CUSIP: 189344GK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $861455.90    | 0.44%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR              | California School Finance Authority                                             | CUSIP: 13058TUD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256061.95    | 0.13%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST              | California Municipal Finance Authority                                          | CUSIP: 13049YAV3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    550000 | PA      | $567226.22    | 0.29%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IMPERIAL CA CMNTY CLG DIST                  | Imperial Community College District                                             | CUSIP: 452641LM3<br>LEI: 549300VO268A8SG7J029 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034947.10   | 0.52%             | 2053-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MADERA CA UNIF SCH DIST COPS                | Madera Unified School District                                                  | CUSIP: 556454CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047285.00   | 0.53%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048V3E6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002683.30   | 0.51%             | 2040-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SANTA ANA CA PUBLIC FING AUTH               | Santa Ana Public Financing Authority                                            | CUSIP: 801144AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543720.05    | 0.28%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &              | California Infrastructure & Economic Development Bank                           | CUSIP: 13034A5E6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1452518.41   | 0.73%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &              | California Infrastructure & Economic Development Bank                           | CUSIP: 13035ADS5<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250487.70    | 0.13%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059TJQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $179122.24    | 0.09%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY              | San Francisco City & County Airport Comm-San Francisco International Airport    | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3040000 | PA      | $2981227.07   | 1.51%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032US74<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023201.30   | 0.52%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T              | Territory of Guam                                                               | CUSIP: 40065NDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $528100.40    | 0.27%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST              | California Municipal Finance Authority                                          | CUSIP: 13049YBH3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504811.90    | 0.26%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA DEV AUTH M              | Los Angeles County Development Authority                                        | CUSIP: 54467WAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $651656.79    | 0.33%             | 2046-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080SVJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    300000 | PA      | $304395.57    | 0.15%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM DESERT CA SPL TAX                      | City of Palm Desert CA                                                          | CUSIP: 696627ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $526079.13    | 0.27%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MENIFEE CA SPL TAX                          | City of Menifee CA                                                              | CUSIP: 58680WDJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $688912.56    | 0.35%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080SKW3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50658.31     | 0.03%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T              | Territory of Guam                                                               | CUSIP: 40065NCD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100147.36    | 0.05%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059TGJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957331.00    | 0.48%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU              | San Diego County Regional Airport Authority                                     | CUSIP: 79739GNL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050636.80   | 0.53%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VACAVILLE CA SPL TAX                        | City of Vacaville CA                                                            | CUSIP: 918581CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $361459.65    | 0.18%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA MARGARITA CA WTR DIST SP              | Santa Margarita Water District                                                  | CUSIP: 802242GY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1124854.06   | 0.57%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEVA              | California Statewide Communities Development Authority                          | CUSIP: 13078RGH7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    280000 | PA      | $281573.32    | 0.14%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059TJN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246536.20    | 0.12%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MO              | California Municipal Finance Authority                                          | CUSIP: 13049SCJ1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    785000 | PA      | $821148.39    | 0.42%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN              | California Pollution Control Financing Authority                                | CUSIP: 130536QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000181.20   | 0.51%             | 2040-07-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032UP77<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018063.10   | 0.52%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX                        | City of Roseville CA                                                            | CUSIP: 7778706M3<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    930000 | PA      | $943253.71    | 0.48%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032UK98<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988343.00    | 0.50%             | 2048-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR              | California School Finance Authority                                             | CUSIP: 13058TUE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967272.60    | 0.49%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048T4F7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203353.06    | 0.10%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN              | California Pollution Control Financing Authority                                | CUSIP: 130536QV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999680.60    | 0.51%             | 2025-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BURBANK GLENDALE PASADENA CA A              | Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | CUSIP: 120827ED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $632009.25    | 0.32%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SANTA ANA CA PUBLIC FING AUTH               | Santa Ana Public Financing Authority                                            | CUSIP: 801144AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075219.90   | 0.54%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM PWR AUTH REVENUE                       | Guam Power Authority                                                            | CUSIP: 400653LD1<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    325000 | PA      | $327104.34    | 0.17%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH              | California Municipal Finance Authority                                          | CUSIP: 130486AM5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250018.13    | 0.13%             | 2034-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                                          | CUSIP: 13051AGB8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    550000 | PA      | $562430.55    | 0.28%             | 2053-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                               | State of California                                                             | CUSIP: 13063EKV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1487626.86   | 0.75%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032UU48<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507386.75    | 0.26%             | 2041-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MODESTO CA HIGH SCH DIST STANI              | Modesto High School District                                                    | CUSIP: 607743LX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $795213.68    | 0.40%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L              | California State Public Works Board                                             | CUSIP: 13068XED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1107207.94   | 0.56%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080SMF8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252888.53    | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                      | CUSIP: 544445S34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $721372.37    | 0.37%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032UK64<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    520000 | PA      | $561063.88    | 0.28%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN              | Virginia Small Business Financing Authority                                     | CUSIP: 928105CF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041972.20   | 0.53%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A              | California Enterprise Development Authority                                     | CUSIP: 13069AAH1<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    375000 | PA      | $344676.60    | 0.17%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CENTER CA SCH DIST                   | Orange Center School District                                                   | CUSIP: 684167AN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $615072.52    | 0.31%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                 | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    925000 | PA      | $964240.26    | 0.49%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST                  | San Diego Unified School District/CA                                            | CUSIP: 797356FS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1576518.75   | 0.80%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MF              | California Municipal Finance Authority                                          | CUSIP: 130483GQ7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1950217.20   | 0.99%             | 2042-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH WTR & WS              | Guam Government Waterworks Authority                                            | CUSIP: 40065FFE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026932.20   | 0.52%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CA WSTWTR REV COPS              | City of Santa Clara CA Sewer Revenue                                            | CUSIP: 801517AT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1615386.58   | 0.82%             | 2041-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L              | California State Public Works Board                                             | CUSIP: 13068LUW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15019.43     | 0.01%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI              | Bay Area Toll Authority                                                         | CUSIP: 072024YY2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.51%             | 2059-04-01      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                               | State of California                                                             | CUSIP: 13063D3H9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5083.58      | 0.00%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN LUIS OBISPO CNTY CA FING A              | San Luis Obispo County Financing Authority                                      | CUSIP: 798712CZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083390.60   | 0.55%             | 2040-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR              | California School Finance Authority                                             | CUSIP: 13058TPZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $730683.31    | 0.37%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO CA CMNTY FACS DIST #40              | City of Ontario CA Community Facilities District No 40                          | CUSIP: 68305EAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97749.48     | 0.05%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                      | CUSIP: 544445Y52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513996.70    | 0.26%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MORONGO BAND OF MISSION INDIAN              | Morongo Band of Mission Indians/The                                             | CUSIP: 61773RAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197705.00    | 0.10%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA WTR DIST SA              | Santa Clara Valley Water District Safe Clean Water Revenue                      | CUSIP: 80168EAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534367.20    | 0.27%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELK GROVE CA FIN AUTH SPL TAX               | Elk Grove Finance Authority                                                     | CUSIP: 287254GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1170542.08   | 0.59%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048VU97<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    675000 | PA      | $693435.60    | 0.35%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253377.00    | 0.13%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA BOND FIN AUTH NA              | Long Beach Bond Finance Authority                                               | CUSIP: 54241AAY9<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061087.20   | 0.54%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRACY CA CMNTY FACS DIST                    | Tracy Community Facilities District/CA                                          | CUSIP: 892376QX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257689.78    | 0.13%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY & CNTY D              | City & County of San Francisco CA Special Tax District No 2020-1                | CUSIP: 79771HAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $406833.65    | 0.21%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA SPL TAX                       | City of Sacramento CA                                                           | CUSIP: 786071LZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203180.54    | 0.10%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH WTR & WS              | Guam Government Waterworks Authority                                            | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $266697.82    | 0.13%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA UNIF SCH DIST                  | Riverside Unified School District                                               | CUSIP: 769069U52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1184805.81   | 0.60%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS CA PUBLIC FING A              | River Islands Public Financing Authority                                        | CUSIP: 76827QKK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1329568.01   | 0.67%             | 2053-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                                          | CUSIP: 13051AGA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $611589.90    | 0.31%             | 2043-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                                          | CUSIP: 13051AJJ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $747432.90    | 0.38%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032UU30<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511581.25    | 0.26%             | 2040-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                      | CUSIP: 544445R68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1196760.62   | 0.61%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLOVIS CA UNIF SCH DIST COPS                | Clovis Unified School District                                                  | CUSIP: 189344GL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522579.85    | 0.26%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN HOUSE CMNTY FACS DIST              | Mountain House Community Facilities District                                    | CUSIP: 62412KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499843.10    | 0.25%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059THL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $539752.85    | 0.27%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA FE SPRINGS CA PUBLIC FIN              | Santa Fe Springs Public Financing Authority                                     | CUSIP: 80218FAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1140192.09   | 0.58%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIALTO CA PUBLIC FING AUTH LEA              | Rialto Public Financing Authority                                               | CUSIP: 76246EAU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543846.05   | 0.78%             | 2053-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONTARIO CA CMNTY FACS DIST #40              | City of Ontario CA Community Facilities District No 40                          | CUSIP: 68305EAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $245524.40    | 0.12%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                      | CUSIP: 544445P94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $54103.54     | 0.03%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MODESTO CA ELEM SCH DIST STANI              | Modesto Elementary School District/Stanislaus County                            | CUSIP: 607735DZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $554514.46    | 0.28%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROMOLAND CA SCH DIST SPL TAX                | Romoland School District                                                        | CUSIP: 776192VM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402004.52    | 0.20%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OAKDALE CA JT UNIF SCH DIST                 | Oakdale Joint Unified School District/CA                                        | CUSIP: 672006EC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1427882.50   | 0.72%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI              | Golden State Tobacco Securitization Corp                                        | CUSIP: 38122NZR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $803359.73    | 0.41%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN HOUSE CMNTY FACS DIST              | Mountain House Community Facilities District                                    | CUSIP: 62412KAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $766036.56    | 0.39%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MO              | California Municipal Finance Authority                                          | CUSIP: 13049SER1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    435000 | PA      | $344928.38    | 0.17%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                                          | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1523826.08   | 0.77%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A              | California Enterprise Development Authority                                     | CUSIP: 13069AAY4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    750000 | PA      | $703464.45    | 0.36%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA UNIF SCH DIST                  | Riverside Unified School District                                               | CUSIP: 769059ZT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $490630.48    | 0.25%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VAL VERDE CA UNIF SCH DIST SPL              | Val Verde Unified School District                                               | CUSIP: 91882PGQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501651.00    | 0.25%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESTRN CA MUNI WTR DIST CMNTY F              | Eastern Municipal Water District                                                | CUSIP: 27627M5Q6<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |    400000 | PA      | $405156.28    | 0.21%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CO              | California Municipal Finance Authority                                          | CUSIP: 130493CH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $535563.60    | 0.27%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BURBANK GLENDALE PASADENA CA A              | Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | CUSIP: 120827DY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050612.30   | 0.53%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA TRANSPRTN CO              | Riverside County Transportation Commission                                      | CUSIP: 76912DAY4<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913000.40    | 0.46%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIO CA ELEC FING AUTH ELEC R              | Indio Electric Financing Authority                                              | CUSIP: 455701AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $615539.69    | 0.31%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T              | Territory of Guam                                                               | CUSIP: 40065NCX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538713.10    | 0.27%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SC              | California Municipal Finance Authority                                          | CUSIP: 13051BAC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    435000 | PA      | $421924.60    | 0.21%             | 2054-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MARINA CA REDEV AGY SUCCESSOR               | Marina Redevelopment Agency Successor Agency                                    | CUSIP: 568061BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253994.20    | 0.13%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                 | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043900.40   | 0.53%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| AZUSA CA SPL TAX                            | City of Azusa CA                                                                | CUSIP: 055032FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1205661.84   | 0.61%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080SRU0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102630.63    | 0.05%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SC              | California Municipal Finance Authority                                          | CUSIP: 13051BAE6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1062093.86   | 0.54%             | 2030-05-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &              | California Infrastructure & Economic Development Bank                           | CUSIP: 13035ADU0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    675000 | PA      | $660541.10    | 0.33%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH              | California Municipal Finance Authority                                          | CUSIP: 130486AH6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250067.35    | 0.13%             | 2034-07-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SAN CLEMENTE CA SPL TAX                     | City of San Clemente CA                                                         | CUSIP: 797214DH3<br>LEI: 254900UTAMSIX5XRDK86 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1443275.13   | 0.73%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN HILLS CA TRANSPRTN              | San Joaquin Hills Transportation Corridor Agency                                | CUSIP: 798111DD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $157393.22    | 0.08%             | 2029-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059TED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202068.84    | 0.10%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE CA SPL TAX                           | City of Irvine CA                                                               | CUSIP: 46360THQ9<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1379870.37   | 0.70%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL VLY CA ENERGY AUTH COMM              | Central Valley Energy Authority                                                 | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2136967.60   | 1.08%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEV               | California Statewide Communities Development Authority                          | CUSIP: 130795VL8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $375000.00    | 0.19%             | 2047-08-15      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| SAN LUIS OBISPO PUBLIC FING AU              | San Luis Obispo Public Financing Authority                                      | CUSIP: 798641CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041605.60   | 0.53%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032US58<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023934.60   | 1.02%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059THM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $437282.87    | 0.22%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059TJP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $170888.88    | 0.09%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST              | California Municipal Finance Authority                                          | CUSIP: 13049YBJ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351949.08    | 0.18%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MENIFEE CA UNION SCH DIST SPL               | Menifee Union School District                                                   | CUSIP: 586810Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $254310.20    | 0.13%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RANCHO CORDOVA CA CMNTY FACS D              | City of Rancho Cordova CA                                                       | CUSIP: 75211RLC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $227772.97    | 0.12%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                        | Stamford Housing Authority                                                      | CUSIP: 852640AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $488200.57    | 0.25%             | 2045-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN HILLS CA TRANSPRTN              | San Joaquin Hills Transportation Corridor Agency                                | CUSIP: 798111GW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $119437.09    | 0.06%             | 2037-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH EDU              | California School Finance Authority                                             | CUSIP: 130591BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $577522.60    | 0.29%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -129 | NC      | $-96781.28    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| RANCHO CORDOVA CA CMNTY FACS D              | City of Rancho Cordova CA                                                       | CUSIP: 75211RLB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $218396.75    | 0.11%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLOVIS CA UNIF SCH DIST COPS                | Clovis Unified School District                                                  | CUSIP: 189344GM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519550.70    | 0.26%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MENIFEE CA SPL TAX                          | City of Menifee CA                                                              | CUSIP: 58680WDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603006.78    | 0.31%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX                        | City of Roseville CA                                                            | CUSIP: 777870F35<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    185000 | PA      | $192771.87    | 0.10%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEAUMONT CA SPL TAX                         | City of Beaumont CA                                                             | CUSIP: 074433HA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $565770.77    | 0.29%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032U3U0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525639.95    | 0.27%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH              | California Municipal Finance Authority                                          | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    450000 | PA      | $431401.32    | 0.22%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                                          | CUSIP: 13051AJK5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1220643.38   | 0.62%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A              | California Enterprise Development Authority                                     | CUSIP: 13069AAX6<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512282.95    | 0.26%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA ROSA CA HIGH SCH DIST                 | Santa Rosa High School District                                                 | CUSIP: 802615S21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039896.40   | 0.53%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDUCT              | Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | CUSIP: 74528LAC5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103220.90   | 0.56%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA RGTS MED              | Regents of the University of California Medical Center Pooled Revenue           | CUSIP: 913366KA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2435000.00   | 1.23%             | 2045-05-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| LAMMERSVILLE CA JT UNIF SCH DI              | Lammersville Joint Unified School District                                      | CUSIP: 513533EW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25092.40     | 0.01%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BURBANK GLENDALE PASADENA CA A              | Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | CUSIP: 120827EC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $765067.65    | 0.39%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032UU55<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502996.95    | 0.25%             | 2042-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048VL30<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017776.60   | 0.51%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE CA SPL TAX                           | City of Irvine CA                                                               | CUSIP: 46360THP1<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    775000 | PA      | $799648.64    | 0.40%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR              | California School Finance Authority                                             | CUSIP: 13058TRR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $567867.66    | 0.29%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY & CNTY P              | City of San Francisco CA Public Utilities Commission Water Revenue              | CUSIP: 79771FCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039440.20   | 0.53%             | 2048-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA PUBLIC FINGA              | Riverside County Public Financing Authority                                     | CUSIP: 76912TPB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $713458.72    | 0.36%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VLY CLEAN ENERGY A              | San Joaquin Valley Clean Energy Authority                                       | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100816.30   | 0.56%             | 2056-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| MAMMOTH LAKES CA COPS                       | Town of Mammoth Lakes CA                                                        | CUSIP: 561550DE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516041.25    | 0.26%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN              | California Pollution Control Financing Authority                                | CUSIP: 13054WBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555869.45   | 0.79%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048VZ84<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1365590.20   | 0.69%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIPON CA REDEV AGY SUCCESSOR A              | Ripon Redevelopment Agency Successor Agency                                     | CUSIP: 767491AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $546290.96    | 0.28%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MF              | California Municipal Finance Authority                                          | CUSIP: 130483JB7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501799.20    | 0.25%             | 2059-08-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| TEMECULA VLY CA UNIF SCH DISTC              | Temecula Valley Unified School District Community Facilities District           | CUSIP: 87970HMF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154621.13    | 0.08%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048V4K1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969368.20    | 0.49%             | 2045-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048VKU1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    380000 | PA      | $380184.64    | 0.19%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048VKW7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    800000 | PA      | $776667.84    | 0.39%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BURBANK GLENDALE PASADENA CA A              | Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | CUSIP: 120827DW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029675.20   | 0.52%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC              | California County Tobacco Securitization Agency                                 | CUSIP: 13016NET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $532137.93    | 0.27%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA BARBARA CA FIN AUTH LEAS              | Santa Barbara Finance Authority                                                 | CUSIP: 801260AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1890954.20   | 0.96%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST BAY CA MUNI UTILITY DIST               | East Bay Municipal Utility District Water System Revenue                        | CUSIP: 271014V66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068548.20   | 0.54%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                 | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20150.61     | 0.01%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX                        | City of Roseville CA                                                            | CUSIP: 777870F50<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    170000 | PA      | $168188.99    | 0.09%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURG CA UNIF SCH DIST                  | Pittsburg Unified School District                                               | CUSIP: 724581SP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $727093.85    | 0.37%             | 2040-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059TDH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $312278.22    | 0.16%             | 2026-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROWLAND CA UNIF SCH DIST                    | Rowland Unified School District                                                 | CUSIP: 779631LW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $726266.10    | 0.37%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CA SPL TAX                          | City of Fontana CA                                                              | CUSIP: 344630J58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $296851.14    | 0.15%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                      | CUSIP: 5444456D6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1199948.85   | 0.61%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048VG51<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1550494.95   | 0.78%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO PUB FING AUTH LEASE RE              | Ontario Public Financing Authority                                              | CUSIP: 68304RED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $850774.96    | 0.43%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEV               | California Statewide Communities Development Authority                          | CUSIP: 13077EQY9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997793.50    | 0.50%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MO              | California Municipal Finance Authority                                          | CUSIP: 13049SEQ3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    295000 | PA      | $260338.62    | 0.13%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKE ELSINORE CA UNIF SCH DIST              | Lake Elsinore Unified School District Community Facilities District             | CUSIP: 509640A99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $250647.40    | 0.13%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEAUMONT CA SPL TAX                         | City of Beaumont CA                                                             | CUSIP: 074433GV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100189.71    | 0.05%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM PWR AUTH REVENUE                       | Guam Power Authority                                                            | CUSIP: 400653LC3<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    210000 | PA      | $212723.62    | 0.11%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA UNIF SCH DIST                  | Riverside Unified School District                                               | CUSIP: 769069U37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $380362.73    | 0.19%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S WSTRN CA CMNTY CLG DIST                   | Southwestern Community College District                                         | CUSIP: 845389QN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063599.10   | 0.54%             | 2046-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE               | Parish of St James LA                                                           | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $799329.38    | 0.40%             | 2038-06-01      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN              | California Public Finance Authority                                             | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $206282.10    | 0.10%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU              | San Diego County Regional Airport Authority                                     | CUSIP: 79739GLD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $134742.02    | 0.07%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080ST53<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039491.40   | 0.53%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA              | California School Finance Authority                                             | CUSIP: 13059TGN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $640405.68    | 0.32%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A              | California Enterprise Development Authority                                     | CUSIP: 13067RFD0<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    600000 | PA      | $624417.54    | 0.32%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OXNARD CA SCH DIST                          | Oxnard School District                                                          | CUSIP: 692020Z45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042570.70   | 0.53%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OAKDALE CA JT UNIF SCH DIST                 | Oakdale Joint Unified School District/CA                                        | CUSIP: 672006EB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045364.40   | 0.53%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CA SPL TAX                          | City of Fontana CA                                                              | CUSIP: 344630SV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500427.10    | 0.25%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MILITARY INSTALLATION DEV AUTH              | Military Installation Development Authority                                     | CUSIP: 599772AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $385752.50    | 0.20%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080SSJ4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $472117.65    | 0.24%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CA SPL TAX                          | City of Fontana CA                                                              | CUSIP: 344630M70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1238505.48   | 0.63%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX                        | City of Roseville CA                                                            | CUSIP: 777870F68<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    150000 | PA      | $146458.10    | 0.07%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A              | California Enterprise Development Authority                                     | CUSIP: 13067VBR4<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2590359.25   | 1.31%             | 2049-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAMMOTH LAKES CA COPS                       | Town of Mammoth Lakes CA                                                        | CUSIP: 561550DD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $974091.83    | 0.49%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032U3V8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522565.65    | 0.26%             | 2044-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA MARINA REVENUE                | City of Long Beach CA Marina System Revenue                                     | CUSIP: 542426DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522822.70    | 0.26%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA R              | San Francisco City & County Redevelopment Agency Successor Agency               | CUSIP: 79770GJZ0<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1367096.67   | 0.69%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MENIFEE CA UNION SCH DIST                   | Menifee Union School District                                                   | CUSIP: 586807JR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1219773.00   | 0.62%             | 2040-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHINO CA CMNTY FACS DIST SPL T              | Chino Community Facilities District                                             | CUSIP: 169511TE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $467811.77    | 0.24%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A              | California Health Facilities Financing Authority                                | CUSIP: 13032U2X5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1280386.55   | 0.65%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CA SPL TAX                          | City of Fontana CA                                                              | CUSIP: 344630P51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023866.40   | 0.52%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNIF SCH DIST                | Los Angeles Unified School District/CA                                          | CUSIP: 544647FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021925.90   | 0.52%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI              | Bay Area Toll Authority                                                         | CUSIP: 072024C59<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.71%             | 2059-04-01      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC              | California County Tobacco Securitization Agency                                 | CUSIP: 13016NEX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $185097.94    | 0.09%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG              | Public Finance Authority                                                        | CUSIP: 74439YFT3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250805.40    | 0.13%             | 2045-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SO              | California Municipal Finance Authority                                          | CUSIP: 13048RAJ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499314.20   | 0.76%             | 2041-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CA SPL TAX                        | City of Roseville CA                                                            | CUSIP: 777870F43<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    160000 | PA      | $166397.52    | 0.08%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOLSOM RANCH CA FING AUTH SPL               | Folsom Ranch Financing Authority                                                | CUSIP: 344414BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $360001.92    | 0.18%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA                | City & County of San Francisco CA                                               | CUSIP: 7976467Q3<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    935000 | PA      | $889363.49    | 0.45%             | 2029-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WESTERN PLACER WST MGMT AUTH C              | Western Placer Waste Management Authority                                       | CUSIP: 95921MBL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1314084.67   | 0.66%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA HSG & PUBLIC IMPT A              | Anaheim Housing & Public Improvements Authority                                 | CUSIP: 032556NJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2900000.00   | 1.47%             | 2054-10-01      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA SPL TAX                   | County of San Diego CA                                                          | CUSIP: 79743ABL6<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85002.39     | 0.04%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CA SPL TAX                          | City of Fontana CA                                                              | CUSIP: 344630J33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $621510.60    | 0.31%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MODESTO CA HIGH SCH DIST STANI              | Modesto High School District                                                    | CUSIP: 607743LV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $541200.40    | 0.27%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048VU63<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    715000 | PA      | $752849.10    | 0.38%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048VS41<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $630314.28    | 0.32%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE                  | California State University                                                     | CUSIP: 13077DWA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046993.90   | 0.53%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                 | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057553.40   | 0.54%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CITY CA UNION SCH DIST                 | King City Union School District                                                 | CUSIP: 494710CK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $429025.33    | 0.22%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CA SPL TAX                          | City of Fontana CA                                                              | CUSIP: 344630SK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $160608.91    | 0.08%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MODESTO CA HIGH SCH DIST STANI              | Modesto High School District                                                    | CUSIP: 607743LW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $750090.95    | 0.38%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO CA CMNTY FACS DIST #40              | City of Ontario CA Community Facilities District No 40                          | CUSIP: 68305EAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $62639.30     | 0.03%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                                     | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1073371.97   | 0.54%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT              | California Educational Facilities Authority                                     | CUSIP: 130179TY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $485816.76    | 0.25%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VAL VERDE CA UNIF SCH DIST SPL              | Val Verde Unified School District                                               | CUSIP: 91882PGP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $338442.42    | 0.17%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY              | San Francisco City & County Airport Comm-San Francisco International Airport    | CUSIP: 79766DTB5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    140000 | PA      | $143185.20    | 0.07%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP              | California Municipal Finance Authority                                          | CUSIP: 13051AJH2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407766.04    | 0.21%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST BAY CA MUNI UTILITY DIST               | East Bay Municipal Utility District Water System Revenue                        | CUSIP: 271014J37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $962176.85    | 0.49%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MO              | California Municipal Finance Authority                                          | CUSIP: 13049SEP5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    195000 | PA      | $187520.33    | 0.09%             | 2031-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IRVINE CA UNIF SCH DIST SPL TA              | Irvine Unified School District                                                  | CUSIP: 463612KM2<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155118.65    | 0.08%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE              | California Municipal Finance Authority                                          | CUSIP: 13048VLB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $483931.15    | 0.24%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT              | California Statewide Communities Development Authority                          | CUSIP: 13080SRW6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50272.85     | 0.03%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA MARINA REVENUE                | City of Long Beach CA Marina System Revenue                                     | CUSIP: 542426DR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1066560.10   | 0.54%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAMMERSVILLE CA JT UNIF SCH DI              | Lammersville Joint Unified School District                                      | CUSIP: 513533EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24921.01     | 0.01%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-18

**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