# EDGAR Filing Document

**Accession Number:** 0000203142
**File Stem:** 0001410368-26-065690
**Filing Date:** 2026-6
**Character Count:** 58768
**Document Hash:** 41ea3705aaa8135049170071dbd63c9e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-065690.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0001410368-26-065690

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS MUNICIPAL TRUST
- **CENTRAL INDEX KEY:** 0000203142

**ORGANIZATION NAME:**
- **EIN:** 046396607
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02671
- **FILM NUMBER:** 261118029

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### DWS Short-Term Municipal Bond Fund (Series ID: S000031144)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000096616 | Class A             | SRMAX           |
| C000096618 | Class C             | SRMCX           |
| C000096619 | Class S             | SRMSX           |
| C000096620 | Institutional Class | MGSMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS MUNICIPAL TRUST

- **b. Investment Company Act file number:** 811-02671

- **c. CIK number of Registrant:** 0000203142

- **d. LEI of Registrant:** PXMELE24BHVOU00K5462

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS Short-Term Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000031144

- **c. LEI of Series:** HQI7L66EK0KEA7WU8D48

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

- **a. Date of fiscal year-end:** 2026-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $135357931.36

**Total Liabilities:** $6657729.49

**Net Assets:** $128700201.87

**Delayed Delivery Securities:** $6479302.22

**Cash Not Reported:** $0.07

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -723.16000000 | **1-Year:** -9237.14000000 | **5-Year:** -13294.60000000 | **10-Year:** -6059.65000000 | **30-Year:** -1766.58000000

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

- **3-Month:** -42.86000000 | **1-Year:** -242.02000000 | **5-Year:** -602.31000000 | **10-Year:** -103.46000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000096619 | 0.45%                | -0.77%               | 0.35%                |
| Class ID C000096618 | 0.47%                | -0.95%               | 0.27%                |
| Class ID C000096616 | 0.53%                | -0.78%               | 0.23%                |
| Class ID C000096620 | 0.55%                | -0.76%               | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18713.93                | $375845.87                                 |
| Month 2  | $40105.95                | $-1388868.12                               |
| Month 3  | $-14799.18               | $45573.78                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| County of Harris TX Toll Road Revenue                                   | HARRIS CNTY TX TOLL ROAD REVENUE                                   | CUSIP: 41423PDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1545820.35   | 1.20%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                     | NEW YORK NY                                                        | CUSIP: 64966SFQ4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029482.40   | 0.80%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands County Health Facilities Authority                            | HIGHLANDS CNTY FL HLTH FACS AUTH                                   | CUSIP: 431022UP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 1.55%             | 2060-11-15      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                  | CALIFORNIA ST MUNI FIN AUTH REVENUE                                | CUSIP: 13048VBF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501086.60    | 0.39%             | 2026-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                       | ILLINOIS ST                                                        | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021355.80   | 1.57%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                  | COLORADO ST HSG & FIN AUTH                                         | CUSIP: 19648G7N6<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1134856.10   | 0.88%             | 2055-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                   | SAN ANTONIO TX ELEC & GAS REVENUE                                  | CUSIP: 79625GNS8<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995778.50    | 0.77%             | 2055-02-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                 | PORT AUTH OF NEW YORK & NEW JERSEY NY                              | CUSIP: 73358XJU7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013264.70   | 0.79%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of Matanuska-Susitna AK                                         | MATANUSKA-SUSITNA BORO AK LEASE REVENUE                            | CUSIP: 576553CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2226096.60   | 1.73%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                       | DALLAS TX                                                          | CUSIP: 235219XE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2546614.50   | 1.98%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                    | CHICAGO IL MIDWAY ARPT REVENUE                                     | CUSIP: 167562UM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $698886.23    | 0.54%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                      | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE             | CUSIP: 83703EMU6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $560673.65    | 0.44%             | 2049-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority               | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 57421CHV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077509.40   | 0.84%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                       | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN        | CUSIP: 88256HBE7<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525417.05    | 0.41%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                      | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT               | CUSIP: 65000B6P8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022545.10   | 0.79%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Higher Education Loan Authority                                | MISSOURI ST HGR EDU LOAN AUTH                                      | CUSIP: 606072LC8<br>LEI: 549300MTJ0T46T0MPL41 | Long             |  | MUN               | US        |    807747 | PA      | $747193.65    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                   | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE                | CUSIP: 658207TZ8<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |     65000 | PA      | $65053.40     | 0.05%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                   | MIAMI-DADE CNTY FL SCH BRD COPS                                    | CUSIP: 59333MW92<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1311873.44   | 1.02%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                        | ENERGY N W WA ELEC REVENUE                                         | CUSIP: 29270C6C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513744.60    | 0.40%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                   | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                   | CUSIP: 20775CQB3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45028.09     | 0.03%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                               | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                        | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $761598.53    | 0.59%             | 2045-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                          | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                  | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2885000 | PA      | $2910952.31   | 2.26%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                              | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513552.65    | 0.40%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Higher Education Student Loan Corp                             | KENTUCKY ST HGR EDU STUDENT LOAN CORP                              | CUSIP: 49130NFB0<br>LEI: N/A                  | Long             |  | MUN               | US        |    448643 | PA      | $426074.90    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                 | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                    | CUSIP: 23503CFL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1351584.38   | 1.05%             | 2050-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                | ARIZONA INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 04052EAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203118.62    | 0.16%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                             | MIAMI-DADE CNTY FL HSG FIN AUTH MF HSG REVENUE                     | CUSIP: 593344CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252564.45    | 0.20%             | 2029-03-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                     | LOUISVILLE & JEFFERSON CNTY KY MET GOVT POLL CONTROL REVENUE       | CUSIP: 546749AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2893762.50   | 2.25%             | 2027-11-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                      | DALLAS TX INDEP SCH DIST                                           | CUSIP: 235308Q63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055868.90   | 0.82%             | 2055-02-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57585BDA3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000190.10   | 0.78%             | 2029-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                           | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                       | CUSIP: 646140JX2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101244.90   | 0.86%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                       | AUSTIN TX                                                          | CUSIP: 0523974M5<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1695105.90   | 1.32%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue              | GREAT LAKES MI WTR AUTH SEWAGE DISPOSAL SYS REVENUE                | CUSIP: 39081HFK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2313950.63   | 1.80%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                              | MICHIGAN ST FIN AUTH REVENUE                                       | CUSIP: 59447TU68<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1196204.88   | 0.93%             | 2038-10-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                    | JEFFERSON CNTY AL SWR REVENUE WARRANTS                             | CUSIP: 472682YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513183.80   | 1.18%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                         | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 45528VHC6<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039458.60   | 0.81%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                   | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                      | CUSIP: 140427BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502899.60    | 0.39%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                   | SAN ANTONIO TX ELEC & GAS REVENUE                                  | CUSIP: 79625GNE9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    900000 | PA      | $899664.30    | 0.70%             | 2055-02-01      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                      | SEATTLE WA MUNI LIGHT & PWR REVENUE                                | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $343455.78    | 0.27%             | 2045-05-01      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                   | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE                     | CUSIP: 64987J4L2<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004360.10   | 0.78%             | 2064-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| County of Luzerne PA                                                    | LUZERNE CNTY PA                                                    | CUSIP: 550697VZ6<br>LEI: 5493001Z1Y4QDISEER29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014044.30   | 0.79%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lowndes MS                                                    | LOWNDES CNTY MS SOL WST DISP & POLL CONTROL REVENUE                | CUSIP: 54877EAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497797.00    | 0.39%             | 2037-04-01      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                              | MICHIGAN ST FIN AUTH REVENUE                                       | CUSIP: 59447T3W1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1746831.98   | 1.36%             | 2047-04-15      | Floating      | 3.84%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP MED FACS REVENUE         | CUSIP: 414008CZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1612587.00   | 1.25%             | 2054-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Klickitat County Public Utility District No 1                           | KLICKITAT CNTY WA PUBLIC UTILITY DIST #1                           | CUSIP: 498622LE7<br>LEI: 549300D4CB0RTDWA5V46 | Long             | DBT              | MUN               | US        |    785000 | PA      | $794452.97    | 0.62%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                               | INDIANA ST FIN AUTH REVENUE                                        | CUSIP: 45506EQE6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    350000 | PA      | $369952.70    | 0.29%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE FUTURE TAX          | CUSIP: 64971QV26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 1.40%             | 2036-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                  | COLORADO ST HSG & FIN AUTH                                         | CUSIP: 19648GPB2<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1836796.25   | 1.43%             | 2027-10-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                       | VENICE FL                                                          | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900537.93    | 0.70%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                        | MARICOPA CNTY AZ INDL DEV AUTH                                     | CUSIP: 56682HEH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086275.70   | 0.84%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                             | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005442.80   | 1.56%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                               | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE            | CUSIP: 64578JBA3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    195000 | PA      | $193951.27    | 0.15%             | 2029-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Alabama Highway Authority                                               | ALABAMA ST HIGHWAY AUTH SPL OBLIG REVENUE                          | CUSIP: 010559AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $580478.31    | 0.45%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                             | OKLAHOMA ST TURNPIKE AUTH                                          | CUSIP: 679111F33<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    400000 | PA      | $443226.12    | 0.34%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                               | HOUSTON TX ARPT SYS REVENUE                                        | CUSIP: 442349JY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509417.15    | 0.40%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                   | NEW MEXICO ST MTGE FIN AUTH                                        | CUSIP: 6472007V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185845.62    | 0.14%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares      | BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |      8988 | NS      | $8988.65      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fort Bend Independent School District                                   | FORT BEND TX INDEP SCH DIST                                        | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2534829.50   | 1.97%             | 2054-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                            | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS                   | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023817.50   | 0.80%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                         | CUSIP: 64972JSG4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.16%             | 2054-11-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                    | MIAMI-DADE CNTY FL WTR & SWR REVENUE                               | CUSIP: 59334DPS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $843528.48    | 0.66%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                      | UNIV OF TEXAS TX UNIV REVENUES                                     | CUSIP: 91514AMU6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1845216.10   | 1.43%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE                    | CUSIP: 70870JGY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1632071.70   | 1.27%             | 2060-03-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                              | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521807.30    | 0.41%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                      | WISCONSIN ST                                                       | CUSIP: 97705MY33<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533572.40    | 0.41%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh & Allegheny County          | PITTSBURGH & ALLEGHENY CNTY PA SPORTS & EXHIBITION AUTH HOTE       | CUSIP: 724791CF3<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |    875000 | PA      | $926586.24    | 0.72%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                      | WISCONSIN ST                                                       | CUSIP: 97705MM51<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048083.80   | 1.59%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                             | VIRGINIA ST SMALL BUSINESS FING AUTH RSDL FAC CARE REVENUE         | CUSIP: 928103BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $382508.37    | 0.30%             | 2030-12-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Wilmington Housing Authority                                            | WILMINGTON NC HSG AUTH MF REVENUE                                  | CUSIP: 971696AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998858.00   | 1.55%             | 2044-05-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act             | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                      | CUSIP: 64461XJX4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    405000 | PA      | $405752.94    | 0.32%             | 2040-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                          | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                  | CUSIP: 09182THS9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050330.10   | 0.82%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                           | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                       | CUSIP: 646140GM9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2603286.75   | 2.02%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                | PUBLIC FIN AUTH WI TAX EXEMPT POOLED SECURITIES                    | CUSIP: 74448HAA5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1624796 | PA      | $1626393.66   | 1.26%             | 2059-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                    | MIAMI-DADE CNTY FL WTR & SWR REVENUE                               | CUSIP: 59334DNY6<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516754.05    | 0.40%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                               | HOUSTON TX ARPT SYS REVENUE                                        | CUSIP: 442349GB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $867496.65    | 0.67%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Boone KY                                                      | BOONE CNTY KY POLL CONTROL REVENUE                                 | CUSIP: 098792AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $753529.20    | 0.59%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                  | U.S. Treasury Notes                                                | CUSIP: 91282CPR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $885269.53    | 0.69%             | 2030-12-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV        | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004505.00   | 1.56%             | 2046-10-01      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                               | SALT LAKE CITY UT ARPT REVENUE                                     | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501679.85    | 0.39%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                     | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE       | CUSIP: 64542UHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991950.00    | 0.77%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                 | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                           | CUSIP: 544532NM2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1549876.77   | 1.20%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue       | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE            | CUSIP: 64972LAZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1414345.38   | 1.10%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                     | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 7087964R5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    415000 | PA      | $414683.02    | 0.32%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                               | INDIANA ST FIN AUTH REVENUE                                        | CUSIP: 45506EDH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    605000 | PA      | $603178.65    | 0.47%             | 2039-03-01      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| Oklahoma Industries Authority                                           | OKLAHOMA ST INDUSTRIES AUTH EDL FACS LEASE REVENUE                 | CUSIP: 67910FAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2658625.75   | 2.07%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                   | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                   | CUSIP: 20775CTX2<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50037.25     | 0.04%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dauphin County General Authority                                        | DAUPHIN CNTY PA GEN AUTH HLTHSYS REVENUE                           | CUSIP: 23825EDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650893.82    | 0.51%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                       | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                    | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1411949.04   | 1.10%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                  | CALIFORNIA ST MUNI FIN AUTH REVENUE                                | CUSIP: 13048VL71<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    590000 | PA      | $590368.93    | 0.46%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                    | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                       | CUSIP: 167591BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $415017.20    | 0.32%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                   | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE               | CUSIP: 13034AD23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1091726.13   | 0.85%             | 2055-08-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Halifax County Industrial Development Authority                         | HALIFAX CNTY VA INDL DEV AUTH REVENUE                              | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3150695.00   | 2.45%             | 2041-12-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                     | NORTH DAKOTA ST HSG FIN AGY                                        | CUSIP: 658909MA1<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    150000 | PA      | $149997.95    | 0.12%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                       | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE                    | CUSIP: 13034DAC8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301963.44    | 0.23%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Jose CA                                                     | SAN JOSE CA MF HSG REVENUE                                         | CUSIP: 798165LF1<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001638.60   | 0.78%             | 2027-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                      | DENTON TX INDEP SCH DIST                                           | CUSIP: 249002NL6<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |    700000 | PA      | $728222.11    | 0.57%             | 2055-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                            | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                               | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $381563.24    | 0.30%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                     | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 7087962J5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |     45000 | PA      | $44929.16     | 0.03%             | 2041-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                              | SOUTH DAKOTA ST HSG DEV AUTH                                       | CUSIP: 83756CQM0<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105027.74    | 0.08%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                       | UTAH HSG CORP SF MTGE REVENUE                                      | CUSIP: 917437TB1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1111818.82   | 0.86%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                        | DELAWARE ST HSG AUTH REVENUE                                       | CUSIP: 2463954E4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099848.90   | 0.85%             | 2057-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                    | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX            | CUSIP: 89602HJD0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2131595.40   | 1.66%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                         | ALASKA ST                                                          | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029857.20   | 0.80%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                            | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $553603.60    | 0.43%             | 2045-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority             | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                    | CUSIP: 20775DXK3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003406.50   | 0.78%             | 2049-07-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                          | TEXAS ST                                                           | CUSIP: 882725EF7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493228.25   | 1.16%             | 2041-10-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE             | CUSIP: 60637AYP1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    250000 | PA      | $275043.60    | 0.21%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                             | GEO L SMITH II GA CONGRESS CTR AUTH                                | CUSIP: 37255MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $703537.28    | 0.55%             | 2031-01-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                               | MICHIGAN ST HOSP FIN AUTH                                          | CUSIP: 59465HXE1<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095528.80   | 0.85%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                        | FLORIDA ST DEV FIN CORP                                            | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $140000.00    | 0.11%             | 2032-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                              | ILLINOIS ST FIN AUTH REVENUE                                       | CUSIP: 45204FG90<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    640000 | PA      | $699684.03    | 0.54%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                  | CALIFORNIA ST MUNI FIN AUTH REVENUE                                | CUSIP: 13048V2W7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000086.80   | 1.55%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                              | MICHIGAN ST FIN AUTH REVENUE                                       | CUSIP: 59447TQE6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026762.60   | 1.57%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                  | U.S. Treasury Notes                                                | CUSIP: 91282CQB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   4600000 | PA      | $4559750.00   | 3.54%             | 2028-02-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                        | SAINT JOHN THE BAPTIST PARISH LA REVENUE                           | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003733.60   | 1.56%             | 2037-06-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                      | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT               | CUSIP: 65000BW61<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $776725.05    | 0.60%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Oyster Bay NY                                                   | OYSTER BAY NY                                                      | CUSIP: 692160RT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $322759.71    | 0.25%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                          | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                     | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    665000 | PA      | $671992.08    | 0.52%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sewer System Revenue                              | HAMILTON CNTY OH SWR SYS REVENUE                                   | CUSIP: 407288H44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1167224.40   | 0.91%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                           | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                      | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070429.70   | 0.83%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                 | PORT AUTH OF NEW YORK & NEW JERSEY NY                              | CUSIP: 73358XRF1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1381524.25   | 1.07%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                             | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                       | CUSIP: 928104NF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014187.40   | 0.79%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares      | BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |    514832 | NS      | $514883.87    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Maricopa County Industrial Development Authority                        | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PBT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1191346.18   | 0.93%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-14

**Name of Applicant:** DEUTSCHE DWS MUNICIPAL TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer