# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000940400-26-002792
**Filing Date:** 2026-1
**Character Count:** 57120
**Document Hash:** 309fb387f5a2d4237fcd91db4551731c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002792.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000940400-26-002792

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Putnam ETF Trust
- **CENTRAL INDEX KEY:** 0001845809

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23643
- **FILM NUMBER:** 26566671

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111
- **BUSINESS PHONE:** 6177601060

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111

## Series and Classes Contracts Data

### Franklin New Jersey Municipal Income ETF (Series ID: S000094557)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000263090 | Franklin New Jersey Municipal Income ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam ETF Trust

- **b. Investment Company Act file number:** 811-23643

- **c. CIK number of Registrant:** 0001845809

- **d. LEI of Registrant:** 549300EMFKH8ETCKNO35

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin New Jersey Municipal Income ETF

- **b. EDGAR series identifier (if any):** S000094557

- **c. LEI of Series:** 25490090L6Z0NLH1LE91

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $140196195.19

**Total Liabilities:** $100306.70

**Net Assets:** $140095888.49

**Cash Not Reported:** $989.31

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 233.58844000 | **1-Year:** 3062.59547000 | **5-Year:** 19350.67696000 | **10-Year:** 64357.97025000 | **30-Year:** 2079.04540000

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

- **3-Month:** 0.00000000 | **1-Year:** 35.96310000 | **5-Year:** 865.92681000 | **10-Year:** 909.08713000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263090 | 2.65%                | 1.38%                | 0.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-91489.63               | $3438170.67                                |
| Month 2  | $43380.14                | $1520763.51                                |
| Month 3  | $-4.05                   | $203936.65                                 |

**Designated Index Information**

- **Index Name:** BTMNTR Index

- **Index Identifier:** BM10506

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW JERSEY ST ECON DEV AUTH RE      | New Jersey Economic Development Authority                | CUSIP: 64577B4K7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1790147.63   | 1.28%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 6460668B9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    616000 | PA      | $616984.68    | 0.44%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA      | South Jersey Transportation Authority                    | CUSIP: 838536NP1<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113638.40   | 0.79%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE      | New Jersey Economic Development Authority                | CUSIP: 6459182G7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    830000 | PA      | $831454.91    | 0.59%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MATCHING FUND SPL PURPOSE SECU      | Matching Fund Special Purpose Securitization Corp        | CUSIP: 57665NAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $344525.21    | 0.25%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUSSEX CNTY NJ MUNI UTILITIES       | Sussex County Municipal Utilities Authority/The          | CUSIP: 869267GY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1289911.20   | 0.92%             | 2030-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST       | New Jersey Transportation Trust Fund Authority           | CUSIP: 64613CDQ8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977283.00    | 0.70%             | 2044-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE      | Port Authority of New York & New Jersey                  | CUSIP: 73358XPZ9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057014.60   | 0.75%             | 2055-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC CNTY NJ IMPT AUTH LEA      | Atlantic County Improvement Authority/The                | CUSIP: 048501JQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $698440.05    | 0.50%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 646067AW8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    275000 | PA      | $242109.59    | 0.17%             | 2040-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F      | New Jersey Health Care Facilities Financing Authority    | CUSIP: 645790CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2019434.41   | 1.44%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH REVEN      | Camden County Improvement Authority/The                  | CUSIP: 13281NL42<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    475000 | PA      | $539024.40    | 0.38%             | 2038-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 646067AQ1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    125000 | PA      | $120806.91    | 0.09%             | 2034-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTH BERGEN TWP NJ MUNI AUTH       | North Bergen Township Municipal Authority                | CUSIP: 657654DC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969138.50    | 0.69%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GUAM INTERNATIONAL ARPT AUTH        | Antonio B Won Pat International Airport Authority        | CUSIP: 40064RFU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216915.48    | 0.15%             | 2038-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PASSAIC CNTY NJ IMPT AUTH CHRT      | Passaic County Improvement Authority/The                 | CUSIP: 70275QAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201825.88    | 0.14%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA      | South Jersey Transportation Authority                    | CUSIP: 838536LM0<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |    950000 | PA      | $975069.93    | 0.70%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PASSAIC CNTY NJ IMPT AUTH CHRT      | Passaic County Improvement Authority/The                 | CUSIP: 70275QAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126277.94    | 0.09%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONMOUTH CNTY NJ IMPT AUTH REV      | Monmouth County Improvement Authority/The                | CUSIP: 60956PJ45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550305.05    | 0.39%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST       | New Jersey Transportation Trust Fund Authority           | CUSIP: 64613CGH5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4240951.20   | 3.03%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH WT      | New Jersey Economic Development Authority                | CUSIP: 645780FK8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $877889.00    | 0.63%             | 2059-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU      | New Jersey Turnpike Authority                            | CUSIP: 646140GD9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1597047.60   | 1.14%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 646067AN8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    175000 | PA      | $193499.64    | 0.14%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PASSAIC CNTY NJ IMPT AUTH CHRT      | Passaic County Improvement Authority/The                 | CUSIP: 70275QAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $894752.20    | 0.64%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GUAM INTERNATIONAL ARPT AUTH        | Antonio B Won Pat International Airport Authority        | CUSIP: 40064RFD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $292364.51    | 0.21%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 646066L65<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1230016.20   | 0.88%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE      | Port Authority of New York & New Jersey                  | CUSIP: 73358WR97<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    550000 | PA      | $571842.10    | 0.41%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN      | New Jersey Higher Education Student Assistance Authority | CUSIP: 646080YY1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532760.00   | 1.09%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A      | New Jersey Housing & Mortgage Finance Agency             | CUSIP: 6461087G9<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518807.00    | 0.37%             | 2045-11-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GUAM INTERNATIONAL ARPT AUTH        | Antonio B Won Pat International Airport Authority        | CUSIP: 40064RFT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $190801.28    | 0.14%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA      | South Jersey Transportation Authority                    | CUSIP: 838536NR7<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1737791.85   | 1.24%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 6460666K1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2667936.30   | 1.90%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE RIVER PA JT TOLL BRID      | Delaware River Joint Toll Bridge Commission              | CUSIP: 246343MK0<br>LEI: 549300N6IGAQMI0JLE23 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517520.05    | 0.37%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC CNTY NJ IMPT AUTH LEA      | Atlantic County Improvement Authority/The                | CUSIP: 048501JR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $541748.34    | 0.39%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU      | New Jersey Turnpike Authority                            | CUSIP: 646140DD2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023545.10   | 0.73%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR      | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue   | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1428001.95   | 1.02%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH CHRT       | Camden County Improvement Authority/The                  | CUSIP: 13281UAC0<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1193342.50   | 0.85%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F      | New Jersey Health Care Facilities Financing Authority    | CUSIP: 645790ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5004.63      | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH REVEN      | Camden County Improvement Authority/The                  | CUSIP: 13281NL59<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    250000 | PA      | $281433.20    | 0.20%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH EC      | New Jersey Economic Development Authority                | CUSIP: 64577HSY8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1295652.00   | 0.92%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALEM CNTY NJ IMPT AUTH             | Salem County Improvement Authority                       | CUSIP: 794102GS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $362598.24    | 0.26%             | 2048-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESSEX CNTY NJ IMPT AUTH CHRT S      | Essex County Improvement Authority                       | CUSIP: 29681CBH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1295958.30   | 0.93%             | 2056-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INFRASTRUCTURE BANK      | New Jersey Infrastructure Bank                           | CUSIP: 64580CNN3<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |    500000 | PA      | $526968.10    | 0.38%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE      | Port Authority of New York & New Jersey                  | CUSIP: 733580S88<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5008444.00   | 3.58%             | 2094-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SALEM CNTY NJ IMPT AUTH             | Salem County Improvement Authority                       | CUSIP: 794102GR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $339002.27    | 0.24%             | 2042-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Putnam Government Money Market Fund | Putnam Government Money Market Fund                      | CUSIP: 74680A869<br>LEI: 549300SEUI2XMME8T893 | Long             | STIV             | RF                | US        |   2497166 | NS      | $2497165.54   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH WTR & WS      | Guam Government Waterworks Authority                     | CUSIP: 40065FFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $621197.34    | 0.44%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MONMOUTH CNTY NJ IMPT AUTH REV      | Monmouth County Improvement Authority/The                | CUSIP: 60956PJ29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $562781.40    | 0.40%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST       | New Jersey Transportation Trust Fund Authority           | CUSIP: 6461364F5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056582.40   | 0.75%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F      | New Jersey Health Care Facilities Financing Authority    | CUSIP: 64579F8G1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008517.90   | 0.72%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU      | New Jersey Turnpike Authority                            | CUSIP: 646140FY4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965441.00    | 0.69%             | 2054-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BEAUMONT TX HSG AUTH RSDL DEV       | Beaumont Housing Authority                               | CUSIP: 07451AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $297830.61    | 0.21%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N      | Tobacco Settlement Financing Corp                        | CUSIP: 888808HM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1541823.30   | 1.10%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F      | New Jersey Health Care Facilities Financing Authority    | CUSIP: 645790UQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061286.30   | 0.76%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALEM CNTY NJ IMPT AUTH             | Salem County Improvement Authority                       | CUSIP: 794102GQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $529889.06    | 0.38%             | 2037-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA      | South Jersey Transportation Authority                    | CUSIP: 838536MR8<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2594073.50   | 1.85%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 646067AP3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    225000 | PA      | $247877.21    | 0.18%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F      | New Jersey Health Care Facilities Financing Authority    | CUSIP: 645790LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012105.90   | 0.72%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH BERGEN TWP NJ MUNI AUTH       | North Bergen Township Municipal Authority                | CUSIP: 657654DD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $943960.22    | 0.67%             | 2027-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH WTR & WS      | Guam Government Waterworks Authority                     | CUSIP: 40065FFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $944720.37    | 0.67%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE      | New Jersey Economic Development Authority                | CUSIP: 64577XEC6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1454524.56   | 1.04%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ATLANTIC CITY NJ                    | City of Atlantic City NJ                                 | CUSIP: 048339VX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020698.20   | 0.73%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F      | New Jersey Health Care Facilities Financing Authority    | CUSIP: 645790FT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481308.10    | 0.34%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE      | New Jersey Economic Development Authority                | CUSIP: 64577BTK0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    550000 | PA      | $563886.90    | 0.40%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PASSAIC CNTY NJ IMPT AUTH CHRT      | Passaic County Improvement Authority/The                 | CUSIP: 70275QAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $138129.72    | 0.10%             | 2033-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A      | New Jersey Housing & Mortgage Finance Agency             | CUSIP: 646127FQ8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1922930.25   | 1.37%             | 2066-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH WTR & WS      | Guam Government Waterworks Authority                     | CUSIP: 40065FEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $547736.80    | 0.39%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM INTERNATIONAL ARPT AUTH        | Antonio B Won Pat International Airport Authority        | CUSIP: 40064RFR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111443.31    | 0.08%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CASINO REINVESTMENT DEV AUTH N      | Casino Reinvestment Development Authority Inc            | CUSIP: 14760RBR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1434070.81   | 1.02%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE      | New Jersey Economic Development Authority                | CUSIP: 64577BE26<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021636.50   | 0.73%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE RIVER & BAY AUTH DE R      | Delaware River & Bay Authority                           | CUSIP: 246317JF9<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $2049917.92   | 1.46%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLOUCESTER CNTY NJ IMPT AUTH        | Gloucester County Improvement Authority/The              | CUSIP: 37970PLW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3112075.80   | 2.22%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE RIVER & BAY AUTH DE R      | Delaware River & Bay Authority                           | CUSIP: 246317JD4<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |    410000 | PA      | $453534.50    | 0.32%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                  | Commonwealth of Puerto Rico                              | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $462351.30    | 0.33%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE      | Port Authority of New York & New Jersey                  | CUSIP: 73358XQX3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    500000 | PA      | $543343.35    | 0.39%             | 2051-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST       | New Jersey Transportation Trust Fund Authority           | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $597286.70    | 0.43%             | 2050-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PASSAIC CNTY NJ IMPT AUTH CHRT      | Passaic County Improvement Authority/The                 | CUSIP: 70275QAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $197618.60    | 0.14%             | 2060-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 6460667B0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $235647.40    | 0.17%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INSTITUTE OF TECHNO      | New Jersey Institute of Technology/NJ                    | CUSIP: 64579REC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $541912.00    | 0.39%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE      | New Jersey Economic Development Authority                | CUSIP: 64577B7W8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025400.70   | 0.73%             | 2035-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F      | New Jersey Health Care Facilities Financing Authority    | CUSIP: 645790MY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005604.90   | 0.72%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU      | New Jersey Turnpike Authority                            | CUSIP: 646140GA5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084274.90   | 0.77%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESSEX CNTY NJ IMPT AUTH CHRT S      | Essex County Improvement Authority                       | CUSIP: 29681CAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $780542.57    | 0.56%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CASINO REINVESTMENT DEV AUTH N      | Casino Reinvestment Development Authority Inc            | CUSIP: 14760RBQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1189812.03   | 0.85%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM INTERNATIONAL ARPT AUTH        | Antonio B Won Pat International Airport Authority        | CUSIP: 40064RFQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108702.66    | 0.08%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN      | New Jersey Higher Education Student Assistance Authority | CUSIP: 646080YM7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1615337.55   | 1.15%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F      | New Jersey Health Care Facilities Financing Authority    | CUSIP: 645790TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073119.40   | 0.77%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HUDSON CNTY NJ IMPT AUTH SOL W      | Hudson County Improvement Authority                      | CUSIP: 443731CR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $820945.20    | 0.59%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SC      | New Jersey Economic Development Authority                | CUSIP: 645912EH5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925959.10    | 0.66%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JERSEY CITY NJ MUNI UTILITIESA      | Jersey City Municipal Utilities Authority                | CUSIP: 476623DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $843813.45    | 0.60%             | 2055-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU      | New Jersey Turnpike Authority                            | CUSIP: 646140JF1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1349636.63   | 0.96%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE      | Port Authority of New York & New Jersey                  | CUSIP: 73358W4S0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2073370.80   | 1.48%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH A      | Kansas City Industrial Development Authority             | CUSIP: 48504NCG2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1392645.74   | 0.99%             | 2045-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T      | Territory of Guam                                        | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1346714.18   | 0.96%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLOUCESTER CNTY NJ IMPT AUTH        | Gloucester County Improvement Authority/The              | CUSIP: 37970PNJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $242927.82    | 0.17%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                  | Commonwealth of Puerto Rico                              | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    850000 | PA      | $817209.30    | 0.58%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 646067AR9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    200000 | PA      | $190782.08    | 0.14%             | 2035-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY NY INDL DEV AGY MF      | Monroe County Industrial Development Corp                | CUSIP: 610758AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $620894.76    | 0.44%             | 2044-01-01      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N      | Tobacco Settlement Financing Corp                        | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $792473.97    | 0.57%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A      | New Jersey Housing & Mortgage Finance Agency             | CUSIP: 646127FS4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    750000 | PA      | $792289.50    | 0.57%             | 2041-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE      | New Jersey Economic Development Authority                | CUSIP: 64577B7X6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1531400.55   | 1.09%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESSEX CNTY NJ IMPT AUTH CHRT S      | Essex County Improvement Authority                       | CUSIP: 29681CBL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $762033.32    | 0.54%             | 2064-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CASINO REINVESTMENT DEV AUTH N      | Casino Reinvestment Development Authority Inc            | CUSIP: 14760RBP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1311160.44   | 0.94%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BASTROP TX INDEP SCH DIST           | Bastrop Independent School District                      | CUSIP: 070329W37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2699930.48   | 1.93%             | 2053-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC CITY NJ                    | City of Atlantic City NJ                                 | CUSIP: 048339VK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014312.20   | 0.72%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH JERSEY NJ PORT CORP           | South Jersey Port Corp                                   | CUSIP: 838530RH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $876965.25    | 0.63%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A      | New Jersey Housing & Mortgage Finance Agency             | CUSIP: 64613AAC6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    330000 | PA      | $334214.03    | 0.24%             | 2048-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP      | New Jersey Economic Development Authority                | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1015476.75   | 0.72%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 646067FW3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050524.10   | 0.75%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GUAM INTERNATIONAL ARPT AUTH        | Antonio B Won Pat International Airport Authority        | CUSIP: 40064RFW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214050.72    | 0.15%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REVENUE           | Texas Water Development Board                            | CUSIP: 88285ABK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1132852.71   | 0.81%             | 2057-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                       | State of New Jersey                                      | CUSIP: 646039YR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022732.40   | 1.44%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT HOTEL OCCUPANCY TAX       | Territory of Guam                                        | CUSIP: 40065KAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    450000 | PA      | $470219.27    | 0.34%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SC      | New Jersey Economic Development Authority                | CUSIP: 645912EG7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301338.90    | 0.22%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN SAMOA AS ECON DEV AUT      | American Samoa Economic Development Authority            | CUSIP: 02936TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510501.75    | 0.36%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F      | New Jersey Health Care Facilities Financing Authority    | CUSIP: 645790MW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015825.80   | 0.73%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE      | New Jersey Economic Development Authority                | CUSIP: 64577XFB7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1409376.25   | 1.01%             | 2039-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH REVEN      | Camden County Improvement Authority/The                  | CUSIP: 13281NL67<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    200000 | PA      | $223013.94    | 0.16%             | 2040-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 646067AU2<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    265000 | PA      | $271195.89    | 0.19%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESSEX CNTY NJ IMPT AUTH CHRT S      | Essex County Improvement Authority                       | CUSIP: 29681CBK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499995.45    | 0.36%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST       | New Jersey Transportation Trust Fund Authority           | CUSIP: 646136Y39<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001442.00   | 1.43%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A      | New Jersey Housing & Mortgage Finance Agency             | CUSIP: 64613ALR1<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519735.15    | 0.37%             | 2045-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F      | New Jersey Health Care Facilities Financing Authority    | CUSIP: 645790QE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1339052.23   | 0.96%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DAVIS CA JT UNIF SCH DIST YOLO      | Davis Joint Unified School District                      | CUSIP: 238848EA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1292001.06   | 0.92%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE RIVER & BAY AUTH DE R      | Delaware River & Bay Authority                           | CUSIP: 246317KC4<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066059.20   | 0.76%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INSTITUTE OF TECHNO      | New Jersey Institute of Technology/NJ                    | CUSIP: 64579REF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $811263.15    | 0.58%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP      | New Jersey Economic Development Authority                | CUSIP: 64578CCE9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1776381.43   | 1.27%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PISCATAWAY TWP NJ                   | Township of Piscataway NJ                                | CUSIP: 724292XQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $555094.02    | 0.40%             | 2035-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH EN      | New Jersey Economic Development Authority                | CUSIP: 64577QAE1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000435.60   | 0.71%             | 2032-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HUDSON CNTY NJ IMPT AUTH LEASE      | Hudson County Improvement Authority                      | CUSIP: 443730PU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3439047.15   | 2.45%             | 2035-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE      | New Jersey Economic Development Authority                | CUSIP: 64577BN26<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000488.80   | 0.71%             | 2047-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT      | New Jersey Educational Facilities Authority              | CUSIP: 646067HR2<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1644471.45   | 1.17%             | 2043-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                       | State of New Jersey                                      | CUSIP: 646039YS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079039.50   | 0.77%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST       | New Jersey Transportation Trust Fund Authority           | CUSIP: 646136WQ0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1921166.75   | 1.37%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UNION TWP NJ UNION CNTY             | Township of Union NJ/Union County                        | CUSIP: 908726DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1016446.70   | 0.73%             | 2032-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH SCH R      | Camden County Improvement Authority/The                  | CUSIP: 13281PAD9<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038211.20   | 0.74%             | 2062-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

**Name of Applicant:** Putnam ETF Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer, US Fund Administration and Oversight