# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-002701
**Filing Date:** 2025-8
**Character Count:** 91896
**Document Hash:** ac3187abcff9b96b35bf4062b46c7ba8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002701.hdr.sgml**: 20250811

**ACCESSION NUMBER**: 0002000324-25-002701

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250131

**FILED AS OF DATE**: 20250811

**DATE AS OF CHANGE**: 20250811

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust III
- **CENTRAL INDEX KEY:** 0001722388

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23312
- **FILM NUMBER:** 251200780

**BUSINESS ADDRESS:**
- **STREET 1:** CORPORATION TRUST CENTER 1209 ORANGE ST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** 4694428424

**MAIL ADDRESS:**
- **STREET 1:** CORPORATION TRUST CENTER 1209 ORANGE ST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Trust I
- **DATE OF NAME CHANGE:** 20180319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Funds I Trust
- **DATE OF NAME CHANGE:** 20171113

## Series and Classes Contracts Data

### Rockefeller Opportunistic Municipal Bond ETF (Series ID: S000086370)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000251864 | Rockefeller Opportunistic Municipal Bond ETF | RMOP            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tidal Trust III

- **b. Investment Company Act file number:** 811-23312

- **c. CIK number of Registrant:** 0001722388

- **d. LEI of Registrant:** 254900O7GV43AAUCM784

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

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

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

- **a. Name of Series:** Rockefeller Opportunistic Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000086370

- **c. LEI of Series:** 254900YX2DQC4Q5NS210

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

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

- **b. Date as of which information is reported:** 2025-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $134425330.50

**Total Liabilities:** $7254042.06

**Net Assets:** $127171288.40

**Delayed Delivery Securities:** $6521304.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** -636.46 | **5-Year:** -11028.01 | **10-Year:** -81748.47 | **30-Year:** -18711.78

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

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** -324.7 | **30-Year:** -7986.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251864 | 2.03%                | -1.82%               | 0.98%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-230408.69              | $1944613.20                                |
| Month 2  | $16938.59                | $-2106254.95                               |
| Month 3  | $-60553.97               | $381328.56                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                               | Title                                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alachua County Health Facilities Authority         | Alachua County Health Facilities Authority                                   | CUSIP: 010685KF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $505122.06    | 0.40%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority           | Arizona Industrial Development Authority                                     | CUSIP: 04052BBV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110091.32    | 0.09%             | 2047-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority           | Arizona Industrial Development Authority                                     | CUSIP: 04052BBW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105215.13    | 0.08%             | 2052-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority             | Arkansas Development Finance Authority                                       | CUSIP: 041083YA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054646.80   | 0.83%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp            | Arlington Higher Education Finance Corp                                      | CUSIP: 041807KZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $818785.20    | 0.64%             | 2059-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                  | Atlanta Development Authority/The                                            | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025675.70   | 0.81%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Avimor Community Infrastructure District No 1      | Avimor Community Infrastructure District No 1                                | CUSIP: 05372AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011490.80   | 0.80%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special Distri | Babcock Ranch Community Independent Special Distri                           | CUSIP: 05616KBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991183.20    | 0.78%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Baseline Metropolitan District No 1                | Baseline Metropolitan District No 1                                          | CUSIP: 069826AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005191.70   | 0.79%             | 2054-12-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                      | Buckeye Tobacco Settlement Financing Authority                               | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3153035.20   | 2.48%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority     | Buckeye Tobacco Settlement Financing Authority                               | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $1592373.00   | 1.25%             | 2057-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                            | Build NYC Resource Corp                                                      | CUSIP: 12008EBJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $868885.05    | 0.68%             | 2038-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC                     | California County Tobacco Securitization Agency                              | CUSIP: 13016NBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $312620.71    | 0.25%             | 2042-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency    | California County Tobacco Securitization Agency                              | CUSIP: 13016NCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $962381.63    | 0.76%             | 2046-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority   | California Health Facilities Financing Authority                             | CUSIP: 13032UB64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60081.50     | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development B | California Infrastructure & Economic Development B                           | CUSIP: 13035CAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1154998.32   | 0.91%             | 2054-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development B | California Infrastructure & Economic Development B                           | CUSIP: 13035CAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483829.90    | 0.38%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH STUDEN                     | California Municipal Finance Authority                                       | CUSIP: 13051EAJ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    450000 | PA      | $452208.56    | 0.36%             | 2055-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN                     | California Public Finance Authority                                          | CUSIP: 13057GAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4992906.00   | 3.93%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                                          | CUSIP: 13058TPF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $478035.48    | 0.38%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Autho | California Statewide Communities Development Autho                           | CUSIP: 13077ERJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101799.65    | 0.08%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canyons Metropolitan District No 5                 | Canyons Metropolitan District No 5                                           | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $773270.03    | 0.61%             | 2054-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL              | Capital Projects Finance Authority/FL                                        | CUSIP: 14043FAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487200.15    | 0.38%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                            | Capital Trust Authority                                                      | CUSIP: 14054WBG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1439239.65   | 1.13%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                            | Capital Trust Authority                                                      | CUSIP: 14054WBH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $950336.80    | 0.75%             | 2059-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                            | Capital Trust Authority                                                      | CUSIP: 14054YAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243970.00    | 0.19%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                            | Capital Trust Authority                                                      | CUSIP: 14054YAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956912.20    | 0.75%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                            | Capital Trust Authority                                                      | CUSIP: 14055AAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018806.50   | 0.80%             | 2044-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority          | Chandler Industrial Development Authority                                    | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $143450.85    | 0.11%             | 2042-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester Water Authority                            | Chester Water Authority                                                      | CUSIP: 166178QJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200260.96    | 0.16%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport               | Chicago O'Hare International Airport                                         | CUSIP: 167593L59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020632.60   | 1.59%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                              | Children's Trust Fund                                                        | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5027.60      | 0.00%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                              | Children's Trust Fund                                                        | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $537840.80    | 0.42%             | 2057-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue           | City of Austin TX Airport System Revenue                                     | CUSIP: 052398ER1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100017.64    | 0.08%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Brooklyn Park MN                           | City of Brooklyn Park MN                                                     | CUSIP: 114224AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479965.55    | 0.38%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                  | City of Celina TX                                                            | CUSIP: 15114CJU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513530.45   | 1.19%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Fort Wayne IN                              | City of Fort Wayne IN                                                        | CUSIP: 34926RAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $624560.65    | 0.49%             | 2038-01-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| City of Friendswood TX                             | City of Friendswood TX                                                       | CUSIP: 358591AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1489913.70   | 1.17%             | 2054-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| City of Huntington WV                              | City of Huntington WV                                                        | CUSIP: 446839AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300810.30    | 0.24%             | 2049-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Huntington WV                              | City of Huntington WV                                                        | CUSIP: 446839AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $475601.11    | 0.37%             | 2050-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                             | City of Minneapolis MN                                                       | CUSIP: 60375CBL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $71994.38     | 0.06%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Mishawaka IN                               | City of Mishawaka IN                                                         | CUSIP: 604786AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $832670.75    | 0.65%             | 2038-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                | City of New York NY                                                          | CUSIP: 64966SHL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472980.65    | 0.37%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV Special Improvement District No  | City of Sparks NV Special Improvement District No                            | CUSIP: 846561AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495185.55    | 0.39%             | 2054-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                  | City of Venice FL                                                            | CUSIP: 922687AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $763932.98    | 0.60%             | 2060-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OH POR                     | Cleveland-Cuyahoga County Port Authority                                     | CUSIP: 186103JD0<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15001.96     | 0.01%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority           | Cleveland-Cuyahoga County Port Authority                                     | CUSIP: 18610RCG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496477.95    | 0.39%             | 2049-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp              | Clifton Higher Education Finance Corp                                        | CUSIP: 187145BR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $109355.95    | 0.09%             | 2047-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CLINTON CNTY NY CAPITAL RESOUR                     | Clinton County Capital Resource Corp                                         | CUSIP: 187469AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301379.73    | 0.24%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority               | Colorado Health Facilities Authority                                         | CUSIP: 19648A5G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135185.04    | 0.11%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV                     | Columbus Regional Airport Authority                                          | CUSIP: 199546DD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071632.10   | 0.84%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority              | Connecticut Housing Finance Authority                                        | CUSIP: 20775CMV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $164361.91    | 0.13%             | 2039-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                  | County of Cook IL                                                            | CUSIP: 213226AE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1547407.35   | 1.22%             | 2045-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                              | County of Hamilton OH                                                        | CUSIP: 407272R96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5003.13      | 0.00%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                              | County of Hamilton OH                                                        | CUSIP: 407272S61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65035.98     | 0.05%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                | County of Harris TX                                                          | CUSIP: 4140054E5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $474868.70    | 0.37%             | 2049-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                | County of Medina TX                                                          | CUSIP: 584735AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960836.90    | 0.76%             | 2054-09-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Transit System             | County of Miami-Dade FL Transit System                                       | CUSIP: 59334PHR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949719.60    | 0.75%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department            | County of Miami-Dade Seaport Department                                      | CUSIP: 59335KDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $722511.90    | 0.57%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL Airport System Revenue     | County of Palm Beach FL Airport System Revenue                               | CUSIP: 696499FT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538849.35    | 0.42%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL Airport System Revenue     | County of Palm Beach FL Airport System Revenue                               | CUSIP: 696499FU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537206.30    | 0.42%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Crawford County Hospital Authority                 | Crawford County Hospital Authority                                           | CUSIP: 225004AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $429096.28    | 0.34%             | 2046-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Crawford County Hospital Authority                 | Crawford County Hospital Authority                                           | CUSIP: 225004AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500889.80    | 0.39%             | 2051-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CREEKWALK MARKETPLACE BUSINESS                     | Creekwalk Marketplace Business Improvement District                          | CUSIP: 225515AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $858604.60    | 0.68%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Crowfoot Valley Ranch Metropolitan District No 2   | Crowfoot Valley Ranch Metropolitan District No 2                             | CUSIP: 22802CAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994040.30    | 0.78%             | 2054-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority      | Delaware State Economic Development Authority                                | CUSIP: 246371AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20294.32     | 0.02%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority      | Delaware State Economic Development Authority                                | CUSIP: 246387QD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $299790.60    | 0.24%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County            | Development Authority for Fulton County                                      | CUSIP: 3599006J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991392.10    | 0.78%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dobbs Ferry Local Development Corp                 | Dobbs Ferry Local Development Corp                                           | CUSIP: 256048AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350038.68    | 0.28%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dobbs Ferry Local Development Corp                 | Dobbs Ferry Local Development Corp                                           | CUSIP: 256048AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55001.31     | 0.04%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAGAN MN CHRTR SCH LEASE REVEN                     | City of Eagan MN                                                             | CUSIP: 26940AAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $248024.80    | 0.20%             | 2045-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EAGAN MN CHRTR SCH LEASE REVEN                     | City of Eagan MN                                                             | CUSIP: 26940AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $347908.96    | 0.27%             | 2055-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| EAGAN MN CHRTR SCH LEASE REVEN                     | City of Eagan MN                                                             | CUSIP: 26940AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $621460.19    | 0.49%             | 2065-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Edgewater West Community Development District      | Edgewater West Community Development District                                | CUSIP: 28035BAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970815.30    | 0.76%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Edinburg Local Government Finance Corp             | Edinburg Local Government Finance Corp                                       | CUSIP: 280797AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40046.12     | 0.03%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EVANSVILLE IN MF HSG REVENUE                       | City of Evansville IN                                                        | CUSIP: 299351AG1<br>LEI: 5493004FNKVUBIYGJO12 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1002954.44   | 0.79%             | 2038-01-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financial Au | Florida Higher Educational Facilities Financial Au                           | CUSIP: 34073TPM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266409.83    | 0.21%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financial Au | Florida Higher Educational Facilities Financial Au                           | CUSIP: 34073TPN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $228227.05    | 0.18%             | 2054-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                       | Florida Housing Finance Corp                                                 | CUSIP: 34074M7F2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501940.55    | 0.39%             | 2054-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU                     | Florida Housing Finance Corp                                                 | CUSIP: 34074M7G0<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102662.40   | 0.87%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fort Bend County Municipal Management District No  | Fort Bend County Municipal Management District No                            | CUSIP: 34677MCQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9999.94      | 0.01%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                 | Greater Orlando Aviation Authority                                           | CUSIP: 3922742H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $914552.00    | 0.72%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the S | Health & Educational Facilities Authority of the S                           | CUSIP: 60637AEA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45000.80     | 0.04%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the S | Health & Educational Facilities Authority of the S                           | CUSIP: 60637AEC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20009.25     | 0.02%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the S | Health & Educational Facilities Authority of the S                           | CUSIP: 60637AGN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $244998.87    | 0.19%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp              | Hempstead Town Local Development Corp                                        | CUSIP: 424682GE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2203225.64   | 1.73%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Highlands County School Board                      | Highlands County School Board                                                | CUSIP: 43102CAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50075.86     | 0.04%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                  | Idaho Health Facilities Authority                                            | CUSIP: 451295WT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $164992.44    | 0.13%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                         | Illinois Finance Authority                                                   | CUSIP: 452029AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100036.48    | 0.08%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                         | Illinois Finance Authority                                                   | CUSIP: 452029AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145033.48    | 0.11%             | 2045-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                         | Illinois Finance Authority                                                   | CUSIP: 45203HRN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10008.64     | 0.01%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority              | Illinois State Toll Highway Authority                                        | CUSIP: 452252JN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120168.59    | 0.09%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of  | Industrial Development Authority of the County of                            | CUSIP: 72177PBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $970355.12    | 0.76%             | 2047-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                             | Iowa Finance Authority                                                       | CUSIP: 46246K3P5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90048.55     | 0.07%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                             | Iowa Finance Authority                                                       | CUSIP: 46246SAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120108.56    | 0.09%             | 2042-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                             | Iowa Finance Authority                                                       | CUSIP: 46247SFF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $733410.80    | 0.58%             | 2053-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MF REVENUE                        | Iowa Finance Authority                                                       | CUSIP: 46246JNN1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497784.90    | 0.39%             | 2042-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority       | Kansas City Industrial Development Authority                                 | CUSIP: 48502MAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1212724.75   | 0.95%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kenton County Airport Board                        | Kenton County Airport Board                                                  | CUSIP: 491026WK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520059.60    | 0.41%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority     | La Paz County Industrial Development Authority                               | CUSIP: 50376FAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47908.54     | 0.04%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA             | Lancaster County Hospital Authority/PA                                       | CUSIP: 514045J20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25029.16     | 0.02%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County & Phoenix Industrial Development A | Maricopa County & Phoenix Industrial Development A                           | CUSIP: 566736HU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $335160.33    | 0.26%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Maryland Department of Housing & Community Develop | Maryland Department of Housing & Community Develop                           | CUSIP: 57419UKD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $423034.97    | 0.33%             | 2049-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                 | Maryland Economic Development Corp                                           | CUSIP: 57421HAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $131010.88    | 0.10%             | 2025-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency           | Massachusetts Development Finance Agency                                     | CUSIP: 57585BBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999955.00    | 0.79%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                     | Massachusetts Development Finance Agency                                     | CUSIP: 57585BCX4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $486484.40    | 0.38%             | 2060-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EXPRESSWAY                      | Miami-Dade County Expressway Authority                                       | CUSIP: 59334KFW3<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |    235000 | PA      | $235945.10    | 0.19%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority | Miami-Dade County Industrial Development Authority                           | CUSIP: 59334GAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1199308.40   | 0.94%             | 2061-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                            | Michigan Strategic Fund                                                      | CUSIP: 594698LE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005102.20   | 1.58%             | 2043-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Michigan Tobacco Settlement Finance Authority      | Michigan Tobacco Settlement Finance Authority                                | CUSIP: 594751AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28500000 | PA      | $959378.40    | 0.75%             | 2058-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VLG PUBLIC INFRA                     | Mida Mountain Village Public Infrastructure District                         | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518919.30    | 0.41%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Middleton Community Development District A         | Middleton Community Development District A                                   | CUSIP: 596681AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $482845.05    | 0.38%             | 2055-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mineral Business Improvement District              | Mineral Business Improvement District                                        | CUSIP: 60284AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009505.90   | 0.79%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                   | Minnesota Housing Finance Agency                                             | CUSIP: 60416UKX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $475558.18    | 0.37%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                  | Mississippi Business Finance Corp                                            | CUSIP: 60527MAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170000.00    | 0.13%             | 2028-05-01      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY       | Monroe County Industrial Development Corp/NY                                 | CUSIP: 61075TXW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993449.50    | 0.78%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroeville Finance Authority                      | Monroeville Finance Authority                                                | CUSIP: 611530CU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75018.35     | 0.06%             | 2045-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MTA HUDSON RAIL YARDS TRUST OB                     | MTA Hudson Rail Yards Trust Obligations                                      | CUSIP: 62476RAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $94998.01     | 0.07%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MTA HUDSON RAIL YARDS TRUST OB                     | MTA Hudson Rail Yards Trust Obligations                                      | CUSIP: 62476RAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $484977.84    | 0.38%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nevada Housing Division                            | Nevada Housing Division                                                      | CUSIP: 641279ZL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501587.15    | 0.39%             | 2054-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority           | New Hampshire Business Finance Authority                                     | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998206.90    | 0.78%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Auth | New Hampshire Health and Education Facilities Auth                           | CUSIP: 6446142A6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120028.30    | 0.09%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Cor | New Hope Cultural Education Facilities Finance Cor                           | CUSIP: 64542RAY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29999.96     | 0.02%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                         | New Orleans Aviation Board                                                   | CUSIP: 64763HMS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527667.75    | 0.41%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                         | New Orleans Aviation Board                                                   | CUSIP: 64763HNM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $785192.63    | 0.62%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                         | New Orleans Aviation Board                                                   | CUSIP: 64763HNN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $781325.25    | 0.61%             | 2051-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority    | New York City Municipal Water Finance Authority                              | CUSIP: 64972GVM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $238544.88    | 0.19%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                 | New York Counties Tobacco Trust VI                                           | CUSIP: 64945JAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $151729.87    | 0.12%             | 2045-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                     | New York Transportation Development Corp                                     | CUSIP: 650116AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $345001.73    | 0.27%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                     | New York Transportation Development Corp                                     | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $698483.02    | 0.55%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                 | New York State Dormitory Authority                                           | CUSIP: 64990F6U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1509153.41   | 1.19%             | 2049-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                 | New York State Dormitory Authority                                           | CUSIP: 65000B7Y8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271575.50    | 0.21%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp                                     | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $704755.51    | 0.55%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp                                     | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $454973.93    | 0.36%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp                                     | CUSIP: 650116BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $119379.36    | 0.09%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp                                     | CUSIP: 650116CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76783.88     | 0.06%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp                                     | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $910753.29    | 0.72%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp                                     | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2105260.20   | 1.66%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp                                     | CUSIP: 650116HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $187347.51    | 0.15%             | 2054-12-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Newark Higher Education Finance Corp               | Newark Higher Education Finance Corp                                         | CUSIP: 650346GM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $648401.96    | 0.51%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Normandy Community Development District            | Normandy Community Development District                                      | CUSIP: 65618HAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96853.10     | 0.08%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission             | North Carolina Medical Care Commission                                       | CUSIP: 65820YTP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1676006.48   | 1.32%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                        | Ohio Housing Finance Agency                                                  | CUSIP: 676900UC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $545513.99    | 0.43%             | 2032-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE                               | State of Ohio                                                                | CUSIP: 67756CCC0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3170000.00   | 2.49%             | 2045-01-15      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV                     | Ohio Housing Finance Agency                                                  | CUSIP: 676900XJ7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006615.00   | 0.79%             | 2045-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                        | Oklahoma Turnpike Authority                                                  | CUSIP: 679111E91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1660089.00   | 1.31%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH                      | Orange County Health Facilities Authority                                    | CUSIP: 68450LJQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $373268.39    | 0.29%             | 2056-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                  | Oregon State Facilities Authority                                            | CUSIP: 68608JSA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110070.11    | 0.09%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palisade Metropolitan District No 2                | Palisade Metropolitan District No 2                                          | CUSIP: 696392AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $911405.70    | 0.72%             | 2054-12-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority      | Palm Beach County Health Facilities Authority                                | CUSIP: 696507UM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $238168.74    | 0.19%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority      | Palm Beach County Health Facilities Authority                                | CUSIP: 696507VS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $152323.78    | 0.12%             | 2053-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority      | Palm Beach County Health Facilities Authority                                | CUSIP: 696507VT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $209151.27    | 0.16%             | 2058-05-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Parrish Lakes II Community Development District    | Parrish Lakes II Community Development District                              | CUSIP: 70183HAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974377.40    | 0.77%             | 2054-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authori | Pennsylvania Higher Educational Facilities Authori                           | CUSIP: 70917SNU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300448.53    | 0.24%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pioneer Ranch Community Development District       | Pioneer Ranch Community Development District                                 | CUSIP: 723846AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961076.30    | 0.76%             | 2055-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE                     | Public Finance Authority                                                     | CUSIP: 744396HF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $750334.20    | 0.59%             | 2056-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                     | Public Finance Authority                                                     | CUSIP: 74442EML1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002478.00   | 0.79%             | 2060-04-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                           | Public Finance Authority                                                     | CUSIP: 74442PD93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    214832 | PA      | $212769.81    | 0.17%             | 2032-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                           | Public Finance Authority                                                     | CUSIP: 74443DGA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $239375.00    | 0.19%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                           | Public Finance Authority                                                     | CUSIP: 74443DLE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004633.00   | 0.79%             | 2064-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                           | Public Finance Authority                                                     | CUSIP: 74445GAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $488668.69    | 0.38%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                           | Public Finance Authority                                                     | CUSIP: 74446DAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261163.78    | 0.21%             | 2035-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                           | Public Finance Authority                                                     | CUSIP: 74446DAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259689.48    | 0.20%             | 2046-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pulaski County Public Facilities Board             | Pulaski County Public Facilities Board                                       | CUSIP: 74540HAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5003.88      | 0.00%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pulaski County Public Facilities Board             | Pulaski County Public Facilities Board                                       | CUSIP: 74540HAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210001.47    | 0.17%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                       | Reno-Tahoe Airport Authority                                                 | CUSIP: 759874CL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260479.53    | 0.20%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp       | Rhode Island Housing & Mortgage Finance Corp                                 | CUSIP: 76221SET4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496542.40    | 0.39%             | 2054-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp       | Rhode Island Housing & Mortgage Finance Corp                                 | CUSIP: 76221SEU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501325.30    | 0.39%             | 2059-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Roma Independent School District                   | Roma Independent School District                                             | CUSIP: 775830SL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532841.25    | 0.42%             | 2049-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY                     | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DXQ7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082117.80   | 0.85%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Redevelopment Agency S | San Francisco City & County Redevelopment Agency S                           | CUSIP: 79770GAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60029.14     | 0.05%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilit | Shelby County Health Educational & Housing Facilit                           | CUSIP: 82169JAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $83891.37     | 0.07%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilit | Shelby County Health Educational & Housing Facilit                           | CUSIP: 82169JAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1060138.69   | 0.83%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority      | Sierra Vista Industrial Development Authority                                | CUSIP: 82652UAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $478454.55    | 0.38%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority    | Silicon Valley Tobacco Securitization Authority                              | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2146534.80   | 1.69%             | 2036-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Sky Dance Metropolitan District No 2               | Sky Dance Metropolitan District No 2                                         | CUSIP: 83086VAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $752388.08    | 0.59%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sky Ranch Community Authority Board                | Sky Ranch Community Authority Board                                          | CUSIP: 83086FAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $553228.83    | 0.44%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SkyRidge Pegasus Infrastructure Financing District | SkyRidge Pegasus Infrastructure Financing District                           | CUSIP: 83089AAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992493.20    | 0.78%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority | South Carolina Jobs-Economic Development Authority                           | CUSIP: 83704HAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524224.20    | 0.41%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HSG DEV AUTH                       | South Dakota Housing Development Authority                                   | CUSIP: 83756LBH7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122443.30   | 0.88%             | 2055-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| St Lawrence County Industrial Development Agency   | St Lawrence County Industrial Development Agency                             | CUSIP: 791078AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20009.63     | 0.02%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Vrain Lakes Metropolitan District No 2          | St Vrain Lakes Metropolitan District No 2                                    | CUSIP: 85236GBA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511120.40    | 0.40%             | 2054-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| St Vrain Lakes Metropolitan District No 4          | St Vrain Lakes Metropolitan District No 4                                    | CUSIP: 85237KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $726694.80    | 0.57%             | 2054-09-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                      | State of Ohio                                                                | CUSIP: 67756CCH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1450000.00   | 1.14%             | 2045-01-15      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| SUNNYVALE TX SCH DIST                              | Sunnyvale Independent School District                                        | CUSIP: 867646LH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531569.40    | 0.42%             | 2050-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finan | Tarrant County Cultural Education Facilities Finan                           | CUSIP: 87638RHK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $43467.06     | 0.03%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates     | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035J6G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2470696.80   | 1.94%             | 2053-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Town of Merrillville IN                            | Town of Merrillville IN                                                      | CUSIP: 590250AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $909546.53    | 0.72%             | 2036-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Trevenna Metropolitan District                     | Trevenna Metropolitan District                                               | CUSIP: 89533MAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $505680.49    | 0.40%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority               | Triborough Bridge & Tunnel Authority                                         | CUSIP: 896032BB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $864280.24    | 0.68%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Two Lakes Community Development District           | Two Lakes Community Development District                                     | CUSIP: 90207EAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1519883.25   | 1.20%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IN MF HSG REVENUE                       | City of Valparaiso IN                                                        | CUSIP: 920286AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $665764.73    | 0.52%             | 2041-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Van Alstyne Independent School District            | Van Alstyne Independent School District                                      | CUSIP: 920496XA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472552.15    | 0.37%             | 2054-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Public Finance Authority            | Virgin Islands Public Finance Authority                                      | CUSIP: 927676NA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10111.65     | 0.01%             | 2029-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority             | Virginia Housing Development Authority                                       | CUSIP: 92812WVQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998833.50    | 0.79%             | 2054-12-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN                     | Virginia Small Business Financing Authority                                  | CUSIP: 928104LZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000999.60   | 0.79%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Viridian Farm Public Infrastructure District No 1  | Viridian Farm Public Infrastructure District No 1                            | CUSIP: 92841PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1116019.19   | 0.88%             | 2054-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority        | Washington Health Care Facilities Authority                                  | CUSIP: 93978HFW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100174.31    | 0.08%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority        | Washington Health Care Facilities Authority                                  | CUSIP: 93978HKC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30010.04     | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority        | Washington Health Care Facilities Authority                                  | CUSIP: 93978HKJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489564.80    | 0.38%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority        | Washington Health Care Facilities Authority                                  | CUSIP: 93978HKN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $526121.87    | 0.41%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority        | Washington Health Care Facilities Authority                                  | CUSIP: 93978HYK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300463.74    | 0.24%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority        | Washington Health Care Facilities Authority                                  | CUSIP: 93978HYL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170342.77    | 0.13%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission        | Washington State Housing Finance Commission                                  | CUSIP: 939783U61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252155.38    | 0.20%             | 2059-01-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Water Valley Metropolitan District No 3            | Water Valley Metropolitan District No 3                                      | CUSIP: 94114TAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $539848.28    | 0.42%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Shore Area Authority                          | West Shore Area Authority                                                    | CUSIP: 95581QAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14389.02     | 0.01%             | 2035-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-11

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer