# EDGAR Filing Document

**Accession Number:** 0000750909
**File Stem:** 0001752724-23-043328
**Filing Date:** 2023-2
**Character Count:** 114216
**Document Hash:** 0865f5ef5f87cb1bf460805cc090b9f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043328.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043328

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HAWAIIAN TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000750909
- **IRS NUMBER:** 136845048
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04084
- **FILM NUMBER:** 23674596

**BUSINESS ADDRESS:**
- **STREET 1:** 120 WEST 45TH STREET
- **STREET 2:** #3600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 2126976666

**MAIL ADDRESS:**
- **STREET 1:** 120 WEST 45TH STREET
- **STREET 2:** #3600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

## Series and Classes Contracts Data

### HAWAIIAN TAX-FREE TRUST (Series ID: S000009108)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000024774 | HAWAIIAN TAX-FREE TRUST CLASS A | HULAX           |
| C000024775 | HAWAIIAN TAX-FREE TRUST CLASS C | HULCX           |
| C000024777 | HAWAIIAN TAX-FREE TRUST CLASS Y | HULYX           |
| C000188793 | HAWAIIAN TAX-FREE TRUST CLASS F | HULFX           |

## Nport-Ex

**Hawaiian Tax-Free Trust**

Schedule of Investments

**December 31, 2022**

(unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount** | **General Obligation Bonds (43.3%)** | **Ratings Moody's, S&P and Fitch** | **Value** | **(a)** |
|  | City & County (26.1%) |  |  |  |
|  | City and County of Honolulu, Hawaii, Series A |  |  |  |
| $1000000 | 5.000%, 10/01/23 | Aa1/NR/AA+ | $1015810 |  |
| 3000000 | 5.000%, 10/01/25 | Aa1/NR/AA+ | 3190200 |  |
| 5055000 | 5.000%, 10/01/26 | Aa1/NR/AA+ | 5375487 |  |
| 1735000 | 5.000%, 10/01/29 | Aa1/NR/AA+ | 1842622 |  |
| 1300000 | 5.000%, 10/01/35 | Aa1/NR/AA+ | 1365143 |  |
| 1000000 | 5.000%, 10/01/36 | Aa1/NR/AA+ | 1048230 |  |
|  | City and County of Honolulu, Hawaii, Series 2018A |  |  |  |
| 1130000 | 5.000%, 09/01/32 | Aa1/NR/AA+ | 1260187 |  |
|  | City and County of Honolulu, Hawaii, Series 2019A, Rail Transit Project |  |  |  |
| 1500000 | 5.000%, 09/01/25 | Aa1/NR/AA+ | 1592070 |  |
| 1060000 | 5.000%, 09/01/26 | Aa1/NR/AA+ | 1149199 |  |
|  | City and County of Honolulu, Hawaii, Series 2020A, Rail Transit Project |  |  |  |
| 500000 | 4.000%, 09/01/36 | Aa1/NR/AA+ | 513205 |  |
| 640000 | 4.000%, 09/01/39 | Aa1/NR/AA+ | 637190 |  |
| 500000 | 4.000%, 09/01/40 | Aa1/NR/AA+ | 493390 |  |
|  | City and County of Honolulu, Hawaii, Series 2021A |  |  |  |
| 1405000 | 4.000%, 07/01/34 | Aa1/NR/AA+ | 1487010 |  |
|  | City and County of Honolulu, Hawaii, Series B |  |  |  |
| 2040000 | 5.000%, 10/01/26 | Aa1/NR/AA+ | 2169336 |  |
|  | City and County of Honolulu, Hawaii, Series 2018B |  |  |  |
| 5000000 | 5.000%, 09/01/24 | Aa1/NR/AA+ | 5187750 |  |
|  | City and County of Honolulu, Hawaii, Series 2019B, Rail Transit Project |  |  |  |
| 1175000 | 3.000%, 09/01/25 | Aa1/NR/AA+ | 1187150 |  |
|  | City and County of Honolulu, Hawaii, Series 2022B |  |  |  |
| 3920000 | 5.250%, 07/01/46 | Aa1/NR/AA+ | 4389342 |  |
| 5155000 | 5.000%, 07/01/47 | Aa1/NR/AA+ | 5659520 |  |
|  | City and County of Honolulu, Hawaii, Series C |  |  |  |
| 2860000 | 5.000%, 10/01/23 | Aa1/NR/AA+ | 2905217 |  |
| 2745000 | 5.000%, 10/01/26 | Aa1/NR/AA+ | 2919033 |  |
| 2095000 | 5.000%, 10/01/27 | Aa1/NR/AA+ | 2228954 |  |
| 4510000 | 5.000%, 10/01/28 | Aa1/NR/AA+ | 4797152 |  |
| 575000 | 5.000%, 10/01/29 | Aa1/NR/AA+ | 610667 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount** | **General Obligation Bonds (continued)** | **Ratings Moody's, S&P and Fitch** | **Value** | **(a)** |
|  | City & County (continued) |  |  |  |
|  | City and County of Honolulu, Hawaii, Series 2019C |  |  |  |
| $1075000 | 4.000%, 08/01/26 | Aa1/NR/AA+ | $1127041 |  |
| 1020000 | 4.000%, 08/01/29 | Aa1/NR/AA+ | 1098703 |  |
| 3000000 | 4.000%, 08/01/36 | Aa1/NR/AA+ | 3074640 |  |
| 1565000 | 4.000%, 08/01/43 | Aa1/NR/AA+ | 1524654 |  |
|  | City and County of Honolulu, Hawaii, Series 2020C |  |  |  |
| 2000000 | 4.000%, 07/01/36 | Aa1/NR/AA+ | 2056680 |  |
| 1000000 | 3.000%, 07/01/37 | Aa1/NR/AA+ | 887520 |  |
| 1000000 | 4.000%, 07/01/39 | Aa1/NR/AA+ | 998070 |  |
| 930000 | 5.000%, 07/01/43 | Aa1/NR/AA+ | 1012407 |  |
|  | City and County of Honolulu, Hawaii, Series E, Crossover Refunding |  |  |  |
| 1820000 | 5.000%, 09/01/29 | Aa1/NR/AA+ | 2005331 |  |
|  | City and County of Honolulu, Hawaii, Series 2020F |  |  |  |
| 175000 | 5.000%, 07/01/33 | Aa1/NR/AA+ | 200552 |  |
| 1250000 | 5.000%, 07/01/35 | Aa1/NR/AA+ | 1410088 |  |
|  | County of Hawaii, 2016-Series A |  |  |  |
| 1000000 | 5.000%, 09/01/30 | Aa2/AA/NR | 1068800 |  |
| 1095000 | 4.000%, 09/01/35 | Aa2/AA/NR | 1125036 |  |
|  | County of Hawaii, 2017-Series A |  |  |  |
| 2365000 | 5.000%, 09/01/27 | Aa2/NR/AA+ | 2582675 |  |
| 1970000 | 5.000%, 09/01/28 | Aa2/NR/AA+ | 2151319 |  |
| 4175000 | 5.000%, 09/01/29 | Aa2/NR/AA+ | 4557555 |  |
|  | County of Hawaii, 2016-Series C |  |  |  |
| 370000 | 5.000%, 09/01/27 | Aa2/AA/NR | 396618 |  |
|  | County of Hawaii, 2017-Series D |  |  |  |
| 2445000 | 4.000%, 09/01/28 | Aa2/NR/AA+ | 2573607 |  |
| 1000000 | 4.000%, 09/01/31 | Aa2/NR/AA+ | 1046980 |  |
|  | County of Hawaii, 2020-Series A |  |  |  |
| 1050000 | 5.000%, 09/01/25 | Aa2/AA/AA+ | 1113893 |  |
| 2000000 | 5.000%, 09/01/29 | Aa2/AA/AA+ | 2283620 |  |
| 2250000 | 5.000%, 09/01/31 | Aa2/AA/AA+ | 2606513 |  |
| 1000000 | 5.000%, 09/01/37 | Aa2/AA/AA+ | 1113360 |  |
|  | County of Hawaii BAN |  |  |  |
| 3000000 | 4.030%, 07/19/23 | Aa2/AA/NR | 2998830 |  |
|  | County of Kauai, Hawaii, 2017 Series |  |  |  |
| 300000 | 3.000%, 08/01/24 | Aa2/NR/AA | 300252 |  |
| 295000 | 5.000%, 08/01/25 | Aa2/NR/AA | 312213 |  |
| 235000 | 5.000%, 08/01/26 | Aa2/NR/AA | 253767 |  |
| 285000 | 5.000%, 08/01/28 | Aa2/NR/AA | 313417 |  |
| 825000 | 2.500%, 08/01/29 | Aa2/NR/AA | 812147 |  |
| 385000 | 5.000%, 08/01/30 | Aa2/NR/AA | 421648 |  |
| 200000 | 4.000%, 08/01/32 | Aa2/NR/AA | 209876 |  |
| 200000 | 5.000%, 08/01/37 | Aa2/NR/AA | 215116 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount** | **General Obligation Bonds (continued)** | **Ratings Moody's, S&P and Fitch** | **Value** | **(a)** |
|  | City & County (continued) |  |  |  |
|  | County of Kauai, Hawaii, 2021A Series |  |  |  |
| $1000000 | 5.000%, 08/01/23 | Aa2/NR/AA | $1011860 |  |
|  | County of Maui, Hawaii |  |  |  |
| 1045000 | 3.000%, 06/01/27 | Aa2/AA+/AA+ | 1046662 |  |
| 2000000 | 3.000%, 06/01/28 | Aa2/AA+/AA+ | 2002740 |  |
|  | County of Maui, Hawaii, Series 2014 Refunding |  |  |  |
| 1015000 | 5.000%, 06/01/23 | Aa2/AA+/AA+ | 1023770 |  |
| 2015000 | 5.000%, 06/01/24 | Aa2/AA+/AA+ | 2079137 |  |
|  | County of Maui, Hawaii, Series 2018 |  |  |  |
| 2160000 | 5.000%, 09/01/26 | Aa2/AA+/AA+ | 2336256 |  |
| 5060000 | 5.000%, 09/01/30 | Aa2/AA+/AA+ | 5675903 |  |
|  | County of Maui, Hawaii, Series 2020 |  |  |  |
| 800000 | 3.000%, 03/01/31 | Aa2/AA+/AA+ | 803784 |  |
| 1295000 | 5.000%, 03/01/33 | Aa2/AA+/AA+ | 1483461 |  |
| 1275000 | 5.000%, 03/01/34 | Aa2/AA+/AA+ | 1455744 |  |
| 1000000 | 5.000%, 03/01/34 | Aa2/AA+/AA+ | 1149970 |  |
| 1200000 | 5.000%, 03/01/40 | Aa2/AA+/AA+ | 1312608 |  |
|  | County of Maui, Hawaii, Series 2021 |  |  |  |
| 1000000 | 4.000%, 03/01/37 | Aa2/AA+/AA+ | 1020120 |  |
|  | County of Maui, Hawaii, Series 2022 |  |  |  |
| 1000000 | 5.000%, 03/01/33 | Aa2/AA+/AA+ | 1170780 |  |
| 925000 | 5.000%, 03/01/34 | Aa2/AA+/AA+ | 1077773 |  |
| 1650000 | 5.000%, 03/01/38 | Aa2/AA+/AA+ | 1853561 |  |
| 3885000 | 5.000%, 03/01/39 | Aa2/AA+/AA+ | 4342575 |  |
| 4075000 | 5.000%, 03/01/40 | Aa2/AA+/AA+ | 4531482 |  |
| 1350000 | 5.000%, 03/01/41 | Aa2/AA+/AA+ | 1493870 |  |
| 1575000 | 5.000%, 03/01/42 | Aa2/AA+/AA+ | 1739084 |  |
|  | Total City & County |  | 135487932 |  |
|  | State (17.2%) |  |  |  |
|  | State of Hawaii, Series EL, Refunding |  |  |  |
| 2045000 | 5.000%, 08/01/23 | Aa2/AA+/AA | 2070440 |  |
|  | State of Hawaii, Series EO |  |  |  |
| 3410000 | 5.000%, 08/01/27 | NR/AA+/AA | 3532112 |  |
| 1735000 | 5.000%, 08/01/28 | NR/AA+/AA | 1796853 |  |
| 1475000 | 5.000%, 08/01/29 | NR/AA+/AA | 1527584 |  |
|  | State of Hawaii, Series EO, Refunding |  |  |  |
| 3195000 | 5.000%, 08/01/30 | Aa2/AA+/AA | 3306889 |  |
|  | State of Hawaii, Series EP, Refunding |  |  |  |
| 5075000 | 5.000%, 08/01/23 | Aa2/AA+/AA | 5138133 |  |
| 5000000 | 5.000%, 08/01/24 | Aa2/AA+/AA | 5181400 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount** | **General Obligation Bonds (continued)** | **Ratings Moody's, S&P and Fitch** | **Value** | **(a)** |
|  | State (continued) |  |  |  |
|  | State of Hawaii, Series EZ Refunding |  |  |  |
| $2085000 | 5.000%, 10/01/26 | Aa2/AA+/AA | $2217189 |  |
|  | State of Hawaii, Series FB |  |  |  |
| 6225000 | 5.000%, 04/01/27 | Aa2/AA+/AA | 6683969 |  |
| 2255000 | 4.000%, 04/01/29 | Aa2/AA+/AA | 2341434 |  |
|  | State of Hawaii, Series FG |  |  |  |
| 1265000 | 5.000%, 10/01/28 | Aa2/AA+/AA | 1370906 |  |
|  | State of Hawaii, Series FH |  |  |  |
| 825000 | 5.000%, 10/01/25 | Aa2/AA+/AA | 876851 |  |
| 4055000 | 5.000%, 10/01/28 | Aa2/AA+/AA | 4394485 |  |
| 6460000 | 4.000%, 10/01/30 | Aa2/AA+/AA | 6729124 |  |
|  | State of Hawaii, Series FN |  |  |  |
| 2515000 | 5.000%, 10/01/29 | Aa2/AA+/AA | 2775328 |  |
| 1215000 | 5.000%, 10/01/31 | Aa2/AA+/AA | 1336221 |  |
|  | State of Hawaii, Series FT |  |  |  |
| 10100000 | 5.000%, 01/01/29 | Aa2/AA+/AA | 11224938 |  |
| 1680000 | 5.000%, 01/01/30 | Aa2/AA+/AA | 1866463 |  |
| 4100000 | 5.000%, 01/01/33 | Aa2/AA+/AA | 4522054 |  |
| 1095000 | 5.000%, 01/01/38 | Aa2/AA+/AA | 1176424 |  |
|  | State of Hawaii, Series FW |  |  |  |
| 3000000 | 5.000%, 01/01/24 | Aa2/AA+/AA | 3066210 |  |
| 4000000 | 4.000%, 01/01/25 | Aa2/AA+/AA | 4107000 |  |
| 2000000 | 4.000%, 01/01/34 | Aa2/AA+/AA | 2080740 |  |
| 3000000 | 5.000%, 01/01/37 | Aa2/AA+/AA | 3281790 |  |
| 6000000 | 5.000%, 01/01/38 | Aa2/AA+/AA | 6526920 |  |
| 400000 | 5.000%, 01/01/39 | Aa2/AA+/AA | 433616 |  |
|  | Total State |  | 89565073 |  |
|  | Total General Obligation Bonds |  | 225053005 |  |
|  | **Revenue Bonds (48.5%)** |  |  |  |
|  | Airport (4.6%) |  |  |  |
|  | State of Hawaii Airport System Revenue Refunding, AMT |  |  |  |
| 3000000 | 5.000%, 07/01/45 | A1/A+/A+ | 3027990 |  |
|  | State of Hawaii Airport System Revenue, Series A, AMT |  |  |  |
| 500000 | 5.000%, 07/01/29 | A1/A+/A+ | 532040 |  |
| 2000000 | 5.000%, 07/01/32 | A1/A+/A+ | 2120180 |  |
|  | State of Hawaii Airport System Revenue, Series 2015A, AMT |  |  |  |
| 2000000 | 5.000%, 07/01/41 | A1/A+/A+ | 2025120 |  |
|  | State of Hawaii Airport System Revenue, Series 2020D |  |  |  |
| 300000 | 5.000%, 07/01/34 | A1/A+/NR | 337647 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount** | **Revenue Bonds (continued)** | **Ratings Moody's, S&P and Fitch** | **Value** | **(a)** |
|  | Airport (continued) |  |  |  |
|  | State of Hawaii Airport System Revenue, Series 2022A, AMT |  |  |  |
| $12000000 | 5.000%, 07/01/51 | A1/A+/A+ | $12229320 |  |
|  | State of Hawaii Department of Transportation Airports Division Lease Revenue COP AMT |  |  |  |
| 360000 | 5.000%, 08/01/23 | A2/A/A | 363427 |  |
| 3435000 | 5.250%, 08/01/25 | A2/A/A | 3469797 |  |
|  | Total Airport |  | 24105521 |  |
|  | Education (5.4%) |  |  |  |
|  | Hawaii State Department of Budget and Finance, Special Purpose Revenue (Mid-Pacific Institute) Series 2020 |  |  |  |
| 340000 | 4.000%, 01/01/28 | NR/BBB+/NR | 340571 |  |
| 360000 | 4.000%, 01/01/29 | NR/BBB+/NR | 359507 |  |
| 540000 | 4.000%, 01/01/32 | NR/BBB+/NR | 534022 |  |
| 540000 | 4.000%, 01/01/33 | NR/BBB+/NR | 530944 |  |
| 435000 | 3.000%, 01/01/34 | NR/BBB+/NR | 376819 |  |
| 300000 | 3.000%, 01/01/35 | NR/BBB+/NR | 255441 |  |
| 280000 | 3.000%, 01/01/36 | NR/BBB+/NR | 233181 |  |
|  | University of Hawaii, Revenue Refunding, Medical School, Series E |  |  |  |
| 4635000 | 5.000%, 10/01/29 | Aa3/NR/AA | 4971686 |  |
| 3825000 | 5.000%, 10/01/31 | Aa3/NR/AA | 4080472 |  |
|  | University of Hawaii, Series B |  |  |  |
| 1055000 | 4.000%, 10/01/23 | Aa3/NR/AA | 1063535 |  |
| 1250000 | 4.000%, 10/01/24 | Aa3/NR/AA | 1274263 |  |
| 1125000 | 5.000%, 10/01/25 | Aa3/NR/AA | 1192635 |  |
| 1065000 | 5.000%, 10/01/26 | Aa3/NR/AA | 1128740 |  |
|  | University of Hawaii, Series F |  |  |  |
| 1595000 | 5.000%, 10/01/25 | Aa3/NR/AA | 1690891 |  |
| 1335000 | 5.000%, 10/01/29 | Aa3/NR/AA | 1470009 |  |
| 2080000 | 5.000%, 10/01/30 | Aa3/NR/AA | 2289747 |  |
| 2690000 | 5.000%, 10/01/31 | Aa3/NR/AA | 2957359 |  |
|  | University of Hawaii, 2017B, Refunding |  |  |  |
| 1000000 | 3.000%, 10/01/28 | Aa3/NR/AA | 1005750 |  |
|  | University of Hawaii, 2020B, Refunding |  |  |  |
| 230000 | 5.000%, 10/01/23 | Aa3/NR/AA | 233535 |  |
|  | University of Hawaii, 2020D, Refunding |  |  |  |
| 2000000 | 4.000%, 10/01/33 | Aa3/NR/AA | 2127980 |  |
|  | Total Education |  | 28117087 |  |
|  | Housing (0.4%) |  |  |  |
|  | State of Hawaii Housing Finance and Development Corp., Iwilei Apartments, Series A |  |  |  |
| 1825000 | 3.750%, 01/01/31 FHLMC Insured Liquidity Agreement | NR/AA+/NR | 1825529 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount** | **Revenue Bonds (continued)** | **Ratings Moody's, S&P and Fitch** | **Value** | **(a)** |
|  | Medical (6.5%) |  |  |  |
|  | Hawaii State Department of Budget and Finance, Special Purpose Revenue (Hawaii Pacific Health) Series A |  |  |  |
| $1000000 | 5.000%, 07/01/24 | A1/NR/AA- | $1009700 |  |
| 685000 | 5.000%, 07/01/25 | A1/NR/AA- | 689953 |  |
| 1355000 | 5.000%, 07/01/27 | A1/NR/AA- | 1362818 |  |
| 280000 | 5.000%, 07/01/28 | A1/NR/AA- | 281344 |  |
| 3895000 | 6.000%, 07/01/33 | A1/NR/AA- | 3946726 |  |
| 20000 | 5.500%, 07/01/43 | A1/NR/AA- | 20124 |  |
|  | Hawaii State Department of Budget and Finance, Special Purpose Revenue (Hawaii Pacific Health) Series B |  |  |  |
| 225000 | 5.000%, 07/01/30 | A1/NR/AA- | 225862 |  |
| 590000 | 5.125%, 07/01/31 | A1/NR/AA- | 594248 |  |
|  | Hawaii State Department of Budget and Finance, Special Purpose Revenue (Queens Health System) Series A |  |  |  |
| 1105000 | 5.000%, 07/01/23 | NR/AA-/AA | 1115089 |  |
| 3120000 | 5.000%, 07/01/25 | NR/AA-/AA | 3274378 |  |
| 1715000 | 5.000%, 07/01/26 | NR/AA-/AA | 1802105 |  |
| 2400000 | 5.000%, 07/01/27 | NR/AA-/AA | 2521536 |  |
| 850000 | 5.000%, 07/01/28 | NR/AA-/AA | 892934 |  |
| 15520000 | 5.000%, 07/01/35 | NR/AA-/AA | 16069718 |  |
|  | Total Medical |  | 33806535 |  |
|  | Transportation (9.0%) |  |  |  |
|  | State of Hawaii Harbor System, Series 2020A, AMT |  |  |  |
| 1000000 | 4.000%, 07/01/33 | Aa3/NR/AA- | 1024290 |  |
| 495000 | 4.000%, 07/01/35 | Aa3/NR/AA- | 500762 |  |
| 10000000 | 4.000%, 07/01/36 | Aa3/NR/AA- | 10018900 |  |
| 9000000 | 4.000%, 07/01/37 | Aa3/NR/AA- | 8937540 |  |
|  | State of Hawaii Harbor System, Series 2020C |  |  |  |
| 300000 | 5.000%, 07/01/29 | Aa3/NR/AA- | 339501 |  |
| 200000 | 4.000%, 07/01/34 | Aa3/NR/AA- | 207744 |  |
| 560000 | 4.000%, 07/01/37 | Aa3/NR/AA- | 565281 |  |
| 875000 | 4.000%, 07/01/38 | Aa3/NR/AA- | 879524 |  |
|  | State of Hawaii Highway Revenue, Series A |  |  |  |
| 3500000 | 5.000%, 01/01/27 | Aa2/AA+/AA | 3767365 |  |
| 5000000 | 5.000%, 01/01/30 | Aa2/AA+/AA | 5381950 |  |
| 4750000 | 4.000%, 01/01/31 | Aa2/AA+/AA | 4919433 |  |
| 1000000 | 5.000%, 01/01/32 | Aa2/AA+/NR | 1120060 |  |
|  | State of Hawaii Highway Revenue, Series 2021 |  |  |  |
| 1010000 | 5.000%, 01/01/35 | Aa2/AA+/NR | 1147380 |  |
| 2800000 | 5.000%, 01/01/37 | Aa2/AA+/NR | 3129616 |  |
| 3000000 | 5.000%, 01/01/39 | Aa2/AA+/NR | 3325440 |  |
| 1290000 | 5.000%, 01/01/41 | Aa2/AA+/NR | 1417117 |  |
|  | Total Transportation |  | 46681903 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount** | **Revenue Bonds (continued)** | **Ratings Moody's, S&P and Fitch** | **Value** | **(a)** |
|  | Utility (4.8%) |  |  |  |
|  | Hawaii State Department of Budget and Finance, Special Purpose Revenue (Hawaiian Electric Co.), Series A, AMT |  |  |  |
| $10360000 | 3.100%, 05/01/26 | Baa1/NR/A- | $10124932 |  |
|  | Hawaii State Department of Budget and Finance, Special Purpose Revenue (Hawaiian Electric Co.), Series B, AMT |  |  |  |
| 4000000 | 4.000%, 03/01/37 | Baa1/NR/A- | 3731760 |  |
|  | Hawaii State Department of Budget and Finance, Special Purpose Revenue (Hawaiian Electric Co.), Series 2015 |  |  |  |
| 6300000 | 3.200%, 07/01/39 | Baa1/NR/A- | 5144076 |  |
|  | Hawaii State Department of Budget and Finance, Special Purpose Revenue (Hawaiian Electric Co.), Series 2015, AMT |  |  |  |
| 500000 | 3.250%, 01/01/25 | Baa1/NR/A- | 494085 |  |
|  | Hawaii State Department of Budget and Finance, Special Purpose Revenue (Hawaiian Electric Co.), Series 2019, AMT |  |  |  |
| 7000000 | 3.500%, 10/01/49 | Baa1/NR/A- | 5343800 |  |
|  | Total Utility |  | 24838653 |  |
|  | Water & Sewer (16.7%) |  |  |  |
|  | City and County of Honolulu, Hawaii, Board of Water Supply Water System, Series A |  |  |  |
| 1000000 | 5.000%, 07/01/23 | Aa2/NR/AA+ | 1010210 |  |
| 1030000 | 5.000%, 07/01/24 | Aa2/NR/AA+ | 1062939 |  |
|  | City and County of Honolulu, Hawaii, Board of Water Supply Water System, Series 2020A |  |  |  |
| 500000 | 5.000%, 07/01/27 | NR/AAA/AA+ | 549020 |  |
| 1565000 | 5.000%, 07/01/33 | NR/AAA/AA+ | 1782175 |  |
| 2105000 | 4.000%, 07/01/36 | NR/AAA/AA+ | 2173749 |  |
| 1890000 | 4.000%, 07/01/37 | NR/AAA/AA+ | 1940028 |  |
| 2060000 | 4.000%, 07/01/39 | NR/AAA/AA+ | 2068261 |  |
|  | City and County of Honolulu, Hawaii, Board of Water Supply Water System, Series 2021A |  |  |  |
| 500000 | 5.000%, 07/01/32 | NR/AAA/AA+ | 579430 |  |
| 525000 | 5.000%, 07/01/33 | NR/AAA/AA+ | 606438 |  |
| 35000 | 4.000%, 07/01/39 | NR/AAA/AA+ | 35160 |  |
| 2565000 | 4.000%, 07/01/46 | NR/AAA/AA+ | 2474071 |  |
|  | City and County of Honolulu, Hawaii, Board of Water Supply Water System, Series 2022A |  |  |  |
| 10000000 | 4.000%, 07/01/47 | NR/AAA/AA+ | 9600900 |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (First Bond Resolution) Senior Series 2015B |  |  |  |
| 1500000 | 5.000%, 07/01/24 | Aa2/NR/AA | 1549080 |  |
| 2095000 | 5.000%, 07/01/25 | Aa2/NR/AA | 2214164 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount** | **Revenue Bonds (continued)** | **Ratings Moody's, S&P and Fitch** | **Value** | **(a)** |
|  | Water & Sewer (continued) |  |  |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (First Bond Resolution) Senior Series 2016A |  |  |  |
| $2085000 | 5.000%, 07/01/34 | Aa2/NR/AA | $2220608 |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (First Bond Resolution) Senior Series 2016B |  |  |  |
| 635000 | 5.000%, 07/01/35 | Aa2/NR/AA | 675215 |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (First Bond Resolution) Senior Series 2018A |  |  |  |
| 6000000 | 5.000%, 07/01/36 | Aa2/NR/AA | 6504540 |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (First Bond Resolution) Senior Series 2019A |  |  |  |
| 3000000 | 4.000%, 07/01/30 | Aa2/NR/AA | 3209010 |  |
| 770000 | 5.000%, 07/01/44 | Aa2/NR/AA | 826041 |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (First Bond Resolution) Senior Series 2019B |  |  |  |
| 1000000 | 4.000%, 07/01/34 | Aa2/NR/AA | 1046270 |  |
| 2700000 | 4.000%, 07/01/38 | Aa2/NR/AA | 2720790 |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (First Bond Resolution) Senior Series 2022A Green Bond |  |  |  |
| 4000000 | 5.000%, 07/01/47 | Aa2/NR/AA | 4368120 |  |
| 10000000 | 5.250%, 07/01/51 | Aa2/NR/AA | 11056100 |  |
| 19360000 | 5.000%, 07/01/51 | Aa2/NR/AA | 21023992 |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (Second Bond Resolution) Junior Series 2015A |  |  |  |
| 4000000 | 5.000%, 07/01/25 | Aa3/NR/AA- | 4217640 |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (Second Bond Resolution) Junior Series 2019A |  |  |  |
| 1375000 | 3.000%, 07/01/26 | Aa3/NR/AA- | 1386715 |  |
|  | Total Water & Sewer |  | 86900666 |  |
|  | Other (1.1%) |  |  |  |
|  | Hawaii State Department of Hawaiian Home Lands, Series 2017 |  |  |  |
| 600000 | 5.000%, 04/01/23 | A1/NR/NR | 602754 |  |
| 500000 | 5.000%, 04/01/24 | A1/NR/NR | 512460 |  |
| 945000 | 5.000%, 04/01/26 | A1/NR/NR | 1010725 |  |
| 905000 | 5.000%, 04/01/29 | A1/NR/NR | 975509 |  |
| 840000 | 5.000%, 04/01/30 | A1/NR/NR | 901984 |  |
|  | Hawaii State Department of Hawaiian Home Lands, COP (Kapolei Office Facility), 2017 Series A |  |  |  |
| 330000 | 5.000%, 11/01/24 | Aa3/NR/NR | 342573 |  |
| 145000 | 5.000%, 11/01/25 | Aa3/NR/NR | 153796 |  |
| 1115000 | 5.000%, 11/01/27 | Aa3/NR/NR | 1227515 |  |
|  | Total Other |  | 5727316 |  |
|  | Total Revenue Bonds |  | 252003210 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount** | **Pre-Refunded Bonds (6.6%)††** | **Ratings<br> Moody's, S&P<br> and Fitch** | **Value** | **(a)** |
|  | Pre-Refunded General Obligation Bonds (4.4%) |  |  |  |
|  | State (4.4%) |  |  |  |
|  | State of Hawaii, Series EH |  |  |  |
| $2000000 | 5.000%, 08/01/30 | NR/NR/NR\* | $2023380 |  |
| 5000 | 5.000%, 08/01/30 | NR/NR/NR\* | 5058 |  |
|  | State of Hawaii, Series EH |  |  |  |
| 4375000 | 5.000%, 08/01/25 | Aa2/AA+/AA | 4427413 |  |
| 1800000 | 5.000%, 08/01/27 | Aa2/AA+/NR | 1821564 |  |
|  | State of Hawaii, Series EO |  |  |  |
| 590000 | 5.000%, 08/01/27 | NR/NR/NR\* | 609647 |  |
| 265000 | 5.000%, 08/01/28 | NR/NR/NR\* | 273825 |  |
| 570000 | 5.000%, 08/01/29 | NR/NR/NR\* | 588981 |  |
|  | State of Hawaii, Series EP, Refunding |  |  |  |
| 5280000 | 5.000%, 08/01/25 | Aa2/AA+/AA | 5464114 |  |
| 5300000 | 5.000%, 08/01/26 | Aa2/AA+/AA | 5484811 |  |
|  | State of Hawaii, Series ET |  |  |  |
| 2070000 | 5.000%, 10/01/30 | Aa2/AA+/AA | 2200658 |  |
|  | Total Pre-Refunded General Obligation Bonds |  | 22899451 |  |
|  | Pre-Refunded Revenue Bonds (2.2%) |  |  |  |
|  | Water & Sewer (2.2%) |  |  |  |
|  | City and County of Honolulu, Hawaii, Board of Water Supply Water System, Series A |  |  |  |
| 1795000 | 5.000%, 07/01/26 | Aa2/NR/AA+ | 1854002 |  |
| 875000 | 5.000%, 07/01/27 | Aa2/NR/AA+ | 903761 |  |
| 1750000 | 5.000%, 07/01/28 | Aa2/NR/AA+ | 1807523 |  |
|  | City and County of Honolulu, Hawaii, Board of Water Supply Water System, Series 2014A |  |  |  |
| 360000 | 5.000%, 07/01/29 | Aa2/NR/AA+ | 371833 |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (First Bond Resolution) Senior Series 2015A |  |  |  |
| 200000 | 5.000%, 07/01/40 | Aa2/NR/AA | 211426 |  |
|  | City and County of Honolulu, Hawaii, Wastewater System (First Bond Resolution) Senior Series 2015B |  |  |  |
| 2150000 | 5.000%, 07/01/30 | Aa2/NR/AA | 2272830 |  |
| 3700000 | 5.000%, 07/01/31 | Aa2/NR/AA | 3911381 |  |
|  | Total Pre-Refunded Revenue Bonds |  | 11332756 |  |
|  | Total Pre-Refunded Bonds |  | 34232207 |  |
|  | Total Municipal Bonds (cost $533,122,460) |  | 511288422 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | **Short-Term Investment (0.2%)** | **Ratings<br> Moody's, S&P<br> and Fitch** | **Value** | **(a)** |
| 717178 | Dreyfus Government Cash Management, <br> Institutional Shares, 4.19%\*\*(cost $717,178) | Aaa-mf/AAAm/NR | $717178 |  |
|  | Total Investments <br> (cost $533,839,638-note b) | 98.6% | 512005600 |  |
|  | Other assets less liabilities | 1.4 | 7472189 |  |
|  | Net Assets | 100.0% | $519477789 |  |
|  |  | **Percent of** |  |  |
|  | **Portfolio Distribution By Quality Rating** | **Investments†** |  |  |
|  | Aaa-mf of Moody's or AAA of S&P and AAAm of S&P | 4.4% |  |  |
|  | Pre-Refunded Bonds†† | 6.7 |  |  |
|  | Aa of Moody's or AA of S&P or Fitch | 78.1 |  |  |
|  | A of Moody's or S&P or Fitch | 10.3 |  |  |
|  | BBB of S&P | 0.5 |  |  |
|  |  | 100.0% |  |  |

---

---

| | |
|:---|:---|
|  | **PORTFOLIO ABBREVIATIONS:** |
| AMT | Alternative Minimum Tax |
| BAN | Bond Anticipation Note |
| COP | Certificates of Participation |
| FHLMC | Federal Home Loan Mortgage Corp. |
| NR | Not Rated |

---

---

| | |
|:---|:---|
| \* | Any security not rated ("NR") by any of the Nationally Recognized Statistical Rating Organizations ("NRSRO") has been determined by the Investment Adviser to have sufficient quality to be ranked in the top four credit ratings if a credit rating were to be assigned by a NRSRO. |
| \*\* | The rate is an annualized seven-day yield at period end. |
| † | Where applicable, calculated using the highest rating of the three NRSRO. |
| †† | Pre-refunded bonds are bonds for which U.S. Government Obligations usually have been placed in escrow to retire the bonds at their earliest call date. |

---

See accompanying notes to financial statements.

**Hawaiian Tax-Free Trust**

NOTES TO FINANCIAL STATEMENTS

**December 31, 2022**

<u>(unaudited)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities valuation policies and other investment related disclosures are hereby incorporated by reference
in the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At December 31, 2022, the net unrealized depreciation on investments, based on cost for federal income
tax purposes of $533,839,638 amounted to $21,834,038 which consisted of aggregate gross unrealized appreciation of $267,526 and aggregate
gross unrealized depreciation of $22,101,564.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Fair Value Measurements: The Trust follows a fair value hierarchy that distinguishes between market
data obtained from independent sources (observable inputs) and the Trust's own market assumptions (unobservable inputs). These inputs
are used in determining the value of the Trust's investments and are summarized in the following fair value hierarchy:

---

| | |
|:---|:---|
| Level 1 – | Unadjusted quoted prices in inactive markets for identical assets or liabilities that the Trust has the ability to access. |
| Level 2 – | Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. |
| Level 3 – | Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Trust's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. |

---

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the valuation inputs, representing 100% of the Trust's investments, used to value the Trust's net assets as of December 31, 2022:

---

| | |
|:---|:---|
| **Valuation Inputs**+ | **Investments in<br> Securities** |
| Level 1 – Quoted Prices- Short-Term Investment | $717178 |
| Level 2 – Other Significant Observable Inputs - Municipal Bonds | 511288422 |
| Level 3 – Significant Unobservable Inputs |  |
| Total | $512005600 |

---

+ See schedule of investments for a detailed listing of securities.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Hawaiian Tax Free Trust

- **b. Investment Company Act file number:** 811-04084

- **c. CIK number of Registrant:** 0000750909

- **d. LEI of Registrant:** 549300HUIMD7Y2LDKU09

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

  - **Street Address 1:** 120 West 45th Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 212-697-6666

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

- **a. Name of Series:** Hawaiian Tax-Free Trust

- **b. EDGAR series identifier (if any):** S000009108

- **c. LEI of Series:** 549300HUIMD7Y2LDKU09

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $528321870.87

**Total Liabilities:** $7859946.21

**Net Assets:** $520461924.66

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1405.95372000 | **1-Year:** 33290.00113000 | **5-Year:** 68730.30884000 | **10-Year:** 174463.57039000 | **30-Year:** 20865.30892000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024777 | -0.52%               | 3.50%                | 0.10%                |
| Class ID C000024775 | -0.51%               | 3.33%                | 0.01%                |
| Class ID C000024774 | -0.44%               | 3.39%                | 0.08%                |
| Class ID C000188793 | -0.52%               | 3.51%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-3222688.48                               |
| Month 2  | $-34314.25               | $17013030.07                               |
| Month 3  | $-209740.23              | $-107097.60                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 4197916T0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5075000 | PA      | $5138133.00   | 0.99%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 4197916U7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5181400.00   | 1.00%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF HAWAIIAN HOM     | State of Hawaii Department of Hawaiian Home Lands   | CUSIP: 419801BB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $342573.00    | 0.07%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE        | State of Hawaii Airports System Revenue             | CUSIP: 419794H62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12229320.00  | 2.35%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI                      | County of Kauai HI                                  | CUSIP: 486116C79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $421648.15    | 0.08%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689MT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2474070.75   | 0.48%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HIGHWAY REVENUE          | State of Hawaii State Highway Fund                  | CUSIP: 41981CMW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3767365.00   | 0.72%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438670Y54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2169336.00   | 0.42%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LHB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1274262.50   | 0.24%             | 2024-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772857X1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1149970.00   | 0.22%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI                      | County of Kauai HI                                  | CUSIP: 486116D60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $215116.00    | 0.04%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701H98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2220608.40   | 0.43%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689KX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1782175.05   | 0.34%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800JV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3895000 | PA      | $3946725.60   | 0.76%             | 2033-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6300000 | PA      | $5144076.00   | 0.99%             | 2039-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701L36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $675214.55    | 0.13%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722Y23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2283620.00   | 0.44%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HIGHWAY REVENUE          | State of Hawaii State Highway Fund                  | CUSIP: 41981CPE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1120060.00   | 0.22%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE       | State of Hawaii Harbor System Revenue               | CUSIP: 41981THP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $339501.00    | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 577286AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $1077773.00   | 0.21%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701ZR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2272829.50   | 0.44%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 4387012Y9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11056100.00  | 2.12%             | 2051-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792VK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2023380.00   | 0.39%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687VJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3920000 | PA      | $4389341.60   | 0.84%             | 2046-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI                      | County of Kauai HI                                  | CUSIP: 486116C38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $253767.10    | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687GH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1592070.00   | 0.31%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800JX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20123.80     | 0.00%             | 2043-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800MM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $255441.00    | 0.05%             | 2035-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 577286AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4531481.50   | 0.87%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LPE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2127980.00   | 0.41%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689LD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2068260.60   | 0.40%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 4386702D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $610667.25    | 0.12%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 4197916W3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5484811.00   | 1.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                  | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    717178 | NS      | $717178.15    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772857B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1483461.35   | 0.29%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 577286AU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1493869.50   | 0.29%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689MQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35159.95     | 0.01%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438670W80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1365143.00   | 0.26%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687FG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1260187.30   | 0.24%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HIGHWAY REVENUE          | State of Hawaii State Highway Fund                  | CUSIP: 41981CQE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3325440.00   | 0.64%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1098703.20   | 0.21%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438670W23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1842622.05   | 0.35%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800JU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $281344.00    | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772857C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1455744.00   | 0.28%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689PD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9600900.00   | 1.84%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722U27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2151318.80   | 0.41%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LLD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1690891.40   | 0.32%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792XX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2080740.00   | 0.40%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 4197912H0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1821564.00   | 0.35%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF HAWAIIAN HOM     | State of Hawaii Department of Hawaiian Home Lands   | CUSIP: 41980PBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $975508.55    | 0.19%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 577286AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1170780.00   | 0.22%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI                      | County of Kauai HI                                  | CUSIP: 486116C53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $313417.35    | 0.06%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800ME4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $340571.20    | 0.07%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792H41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $609647.00    | 0.12%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792WH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10100000 | PA      | $11224938.00  | 2.16%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1115088.65   | 0.21%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772853B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002740.00   | 0.38%             | 2028-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LLJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2289747.20   | 0.44%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701V76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046270.00   | 0.20%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792XF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3066210.00   | 0.59%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772856F1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5060000 | PA      | $5675903.20   | 1.09%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701S62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3209010.00   | 0.62%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LNB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $233535.10    | 0.04%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 577286AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1739083.50   | 0.33%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687GV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1187149.50   | 0.23%             | 2025-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438670V73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5055000 | PA      | $5375487.00   | 1.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792PZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5058.45      | 0.00%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689LA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2173749.30   | 0.42%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE       | State of Hawaii Harbor System Revenue               | CUSIP: 41981THD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024290.00   | 0.20%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 4197916V5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5280000 | PA      | $5464113.60   | 1.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722Z22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113360.00   | 0.21%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LJP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4635000 | PA      | $4971686.40   | 0.96%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI                      | County of Kauai HI                                  | CUSIP: 486116C95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209876.00    | 0.04%             | 2032-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1062939.40   | 0.20%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722W90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046980.00   | 0.20%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792MM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6460000 | PA      | $6729123.60   | 1.29%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687NP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $887520.00    | 0.17%             | 2037-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800MF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $359506.80    | 0.07%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE        | State of Hawaii Airports System Revenue             | CUSIP: 419794ZL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3027990.00   | 0.58%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 4386702B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2228954.30   | 0.43%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689HZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $903761.25    | 0.17%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE       | State of Hawaii Harbor System Revenue               | CUSIP: 41981THU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207744.00    | 0.04%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LHD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1128740.25   | 0.22%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689HV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010210.00   | 0.19%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722T94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2582674.60   | 0.50%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687GC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5187750.00   | 1.00%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772854L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1023769.60   | 0.20%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LLH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1470008.55   | 0.28%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE       | State of Hawaii Harbor System Revenue               | CUSIP: 41981THX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $565280.80    | 0.11%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792LK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1370905.80   | 0.26%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800JR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $689952.55    | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792YE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6526920.00   | 1.25%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE        | State of Hawaii Airports System Revenue             | CUSIP: 419794ZS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532040.00    | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792SL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1336220.55   | 0.26%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $606438.00    | 0.12%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800MJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $534022.20    | 0.10%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722L76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068800.00   | 0.21%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772853A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1046661.55   | 0.20%             | 2027-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 4386702J9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4510000 | PA      | $4797151.70   | 0.92%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HSG FIN & DEV CORP M     | Hawaii Housing Finance & Development Corp           | CUSIP: 41981PCB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1825529.25   | 0.35%             | 2031-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 4386702W0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2919033.00   | 0.56%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689LB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1940028.30   | 0.37%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438670W98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048230.00   | 0.20%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687MV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1410087.50   | 0.27%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701B37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4217640.00   | 0.81%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701X33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1386715.00   | 0.27%             | 2026-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LJQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $4080471.75   | 0.78%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 4197912Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2070439.80   | 0.40%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15520000 | PA      | $16069718.40  | 3.09%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF HAWAIIAN HOM     | State of Hawaii Department of Hawaiian Home Lands   | CUSIP: 41980PBN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602754.00    | 0.12%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10360000 | PA      | $10124931.60  | 1.95%             | 2026-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LLK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2957359.10   | 0.57%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792XJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4107000.00   | 0.79%             | 2025-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689HY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1854001.65   | 0.36%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722P80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $396617.80    | 0.08%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 577286AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1853560.50   | 0.36%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687QX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1487009.85   | 0.29%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687NR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998070.00    | 0.19%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 577286AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3885000 | PA      | $4342575.30   | 0.83%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701T95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $826040.60    | 0.16%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF HAWAIIAN HOM     | State of Hawaii Department of Hawaiian Home Lands   | CUSIP: 419801BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1227514.65   | 0.24%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792WJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1866463.20   | 0.36%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494085.00    | 0.09%             | 2025-01-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2217189.00   | 0.43%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687JF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3074640.00   | 0.59%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $892933.50    | 0.17%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687VK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5155000 | PA      | $5659519.85   | 1.09%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772858A0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020120.00   | 0.20%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2521536.00   | 0.48%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701W34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2720790.00   | 0.52%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792MK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4055000 | PA      | $4394484.60   | 0.84%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HIGHWAY REVENUE          | State of Hawaii State Highway Fund                  | CUSIP: 41981CNA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4919432.50   | 0.95%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800MK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $530944.20    | 0.10%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3731760.00   | 0.72%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800KR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $594248.00    | 0.11%             | 2031-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI                      | County of Kauai HI                                  | CUSIP: 486116C20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $312213.25    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800JQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009700.00   | 0.19%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF TRANSPRTN AR     | State of Hawaii Airports System Revenue             | CUSIP: 419808AJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3435000 | PA      | $3469796.55   | 0.67%             | 2025-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722M42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1125035.85   | 0.22%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438670V40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015810.00   | 0.20%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792H25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $273824.50    | 0.05%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2341434.15   | 0.45%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687JN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1524654.30   | 0.29%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689KR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $549020.00    | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HIGHWAY REVENUE          | State of Hawaii State Highway Fund                  | CUSIP: 41981CQC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3129616.00   | 0.60%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493390.00    | 0.09%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792H82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3532112.10   | 0.68%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LHC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1192635.00   | 0.23%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HIGHWAY REVENUE          | State of Hawaii State Highway Fund                  | CUSIP: 41981CMZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5381950.00   | 1.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701ZS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3911381.00   | 0.75%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687NW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $1012407.30   | 0.19%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI IAM COMMERCIAL      | County of Hawaii HI                                 | CUSIP: 41969CBF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2998830.00   | 0.58%             | 2023-07-19      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800JT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1362818.35   | 0.26%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE       | State of Hawaii Harbor System Revenue               | CUSIP: 41981THG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10018900.00  | 1.93%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE        | State of Hawaii Airports System Revenue             | CUSIP: 419794E65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $337647.00    | 0.06%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800MN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $233181.20    | 0.04%             | 2036-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689JL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1807522.50   | 0.35%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE       | State of Hawaii Harbor System Revenue               | CUSIP: 41981THH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8937540.00   | 1.72%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LKM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005750.00   | 0.19%             | 2028-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687LP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513205.00    | 0.10%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792YD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3281790.00   | 0.63%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772857J2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1312608.00   | 0.25%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701YS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211426.00    | 0.04%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722X65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1113892.50   | 0.21%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HAWAII HI REVENUE          | University of Hawaii                                | CUSIP: 91428LHA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1063534.95   | 0.20%             | 2023-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 4387012Z6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19360000 | PA      | $21023992.00  | 4.04%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2573607.00   | 0.49%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI                      | County of Kauai HI                                  | CUSIP: 486116E51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011860.00   | 0.19%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438670V65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3190200.00   | 0.61%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $579430.00    | 0.11%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE        | State of Hawaii Airports System Revenue             | CUSIP: 419794ZV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2120180.00   | 0.41%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 4197915T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3195000 | PA      | $3306888.90   | 0.64%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF HAWAIIAN HOM     | State of Hawaii Department of Hawaiian Home Lands   | CUSIP: 41980PBV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $901983.60    | 0.17%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792H58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $588981.00    | 0.11%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6225000 | PA      | $6683969.25   | 1.28%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3274377.60   | 0.63%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792H90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1527583.75   | 0.29%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687HV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1127040.75   | 0.22%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701P40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6504540.00   | 1.25%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 4386702T7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2905216.60   | 0.56%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF HAWAIIAN HOM     | State of Hawaii Department of Hawaiian Home Lands   | CUSIP: 41980PBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $1010724.75   | 0.19%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $5343800.00   | 1.03%             | 2049-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687LS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $637190.40    | 0.12%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722Y49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2606512.50   | 0.50%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687CE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $2005330.60   | 0.39%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HIGHWAY REVENUE          | State of Hawaii State Highway Fund                  | CUSIP: 41981CQA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1147380.20   | 0.22%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701ZK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549080.00   | 0.30%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800ML8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $376818.75    | 0.07%             | 2034-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 4387012W3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4368120.00   | 0.84%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE        | State of Hawaii Airports System Revenue             | CUSIP: 419794ZN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025120.00   | 0.39%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HIGHWAY REVENUE          | State of Hawaii State Highway Fund                  | CUSIP: 41981CQG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1417116.60   | 0.27%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792WY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1176424.20   | 0.23%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE       | State of Hawaii Harbor System Revenue               | CUSIP: 41981THY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $879523.75    | 0.17%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF     | Honolulu City & County Board of Water Supply        | CUSIP: 438689JB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $371833.20    | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF HAWAIIAN HOM     | State of Hawaii Department of Hawaiian Home Lands   | CUSIP: 419801BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $153795.70    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF HAWAIIAN HOM     | State of Hawaii Department of Hawaiian Home Lands   | CUSIP: 41980PBP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512460.00    | 0.10%             | 2024-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792WN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4522054.00   | 0.87%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2200658.40   | 0.42%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772856B0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2336256.00   | 0.45%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687GJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1149199.00   | 0.22%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI                      | County of Kauai HI                                  | CUSIP: 486116C61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $812146.50    | 0.16%             | 2029-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687MT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $200551.75    | 0.04%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792YG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $433616.00    | 0.08%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI                      | County of Kauai HI                                  | CUSIP: 486116B96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300252.00    | 0.06%             | 2024-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772856Z7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $803784.00    | 0.15%             | 2031-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792SJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2775327.65   | 0.53%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HARBOR SYS REVENUE       | State of Hawaii Harbor System Revenue               | CUSIP: 41981THF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $500761.80    | 0.10%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800KQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225861.75    | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR     | City & County Honolulu HI Wastewater System Revenue | CUSIP: 438701ZL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2214163.60   | 0.43%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF BUDGET & FIN     | State of Hawaii Department of Budget & Finance      | CUSIP: 419800LF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1802104.85   | 0.35%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI CNTY HI                       | County of Maui HI                                   | CUSIP: 5772854M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2079137.45   | 0.40%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI            | City & County of Honolulu HI                        | CUSIP: 438687NM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056680.00   | 0.40%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419791Z27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4375000 | PA      | $4427412.50   | 0.85%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII CNTY HI                     | County of Hawaii HI                                 | CUSIP: 419722U35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4557555.25   | 0.88%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792MG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $876851.25    | 0.17%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                          | State of Hawaii                                     | CUSIP: 419792H66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1796852.75   | 0.35%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT OF TRANSPRTN AR     | State of Hawaii Airports System Revenue             | CUSIP: 419808AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $363427.20    | 0.07%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Hawaiian Tax Free Trust

**Signature:** Joseph DiMaggio

**Name of Signer:** Joseph DiMaggio

**Title:** Chief Financial Officer & Treasurer