# EDGAR Filing Document

**Accession Number:** 0001414040
**File Stem:** 0001049169-26-000138
**Filing Date:** 2026-1
**Character Count:** 71766
**Document Hash:** ca8c029f19c6612d7ee81d5a27fc67d7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-000138.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0001049169-26-000138

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALPS ETF Trust
- **CENTRAL INDEX KEY:** 0001414040

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22175
- **FILM NUMBER:** 26576412

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. Box 328
- **CITY:** Denver
- **STATE:** CO
- **ZIP:** 80201-0328
- **BUSINESS PHONE:** 303.623.2577

**MAIL ADDRESS:**
- **STREET 1:** P.O. Box 328
- **CITY:** Denver
- **STATE:** CO
- **ZIP:** 80201-0328

## Series and Classes Contracts Data

### ALPS Intermediate Municipal Bond ETF (Series ID: S000075318)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000234248 | ALPS Intermediate Municipal Bond ETF | MNBD            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ALPS ETF TRUST

- **b. Investment Company Act file number:** 811-22175

- **c. CIK number of Registrant:** 0001414040

- **d. LEI of Registrant:** 549300VF1907NYC4WM31

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

  - **Street Address 1:** 1290 BROADWAY SUITE 1000

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80203

  - **Telephone number:** 3036232577

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

- **a. Name of Series:** ALPS Intermediate Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000075318

- **c. LEI of Series:** 5493006RUFZBJW34VD51

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

- **a. Date of fiscal year-end:** 2025-11-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $43327987.65

**Total Liabilities:** $515573.55

**Net Assets:** $42812414.10

**Delayed Delivery Securities:** $498129.05

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 57.65049400 | **1-Year:** 1830.18901700 | **5-Year:** 7753.20394000 | **10-Year:** 10042.22246300 | **30-Year:** 816.45349800

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234248 | 1.52%                | 0.86%                | 0.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15038.77                | $490134.27                                 |
| Month 2  | $1562.43                 | $248551.90                                 |
| Month 3  | $43935.16                | $-51324.66                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nebraska St Investment Fin Auth Sf Hsg Revenue                             | Nebraska Investment Finance Authority                                        | CUSIP: 63968MNY1<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |     80000 | PA      | $79829.02     | 0.19%             | 2046-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| E-470 Co Public Highway Auth                                               | E-470 Public Highway Authority                                               | CUSIP: 26822LGT5<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    500000 | PA      | $279829.75    | 0.65%             | 2037-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Tx Indep Sch Dist                                                | Fort Bend Independent School District                                        | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $63712.90     | 0.15%             | 2051-08-01      | Floating      | 0.72%                 | No            |                  2 | On Loan: No      |
| Austin Tx Arpt Sys Revenue                                                 | City of Austin TX Airport System Revenue                                     | CUSIP: 052398HM9<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    200000 | PA      | $216882.78    | 0.51%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York St Dorm Auth St Personal Income Tax Revenue                       | New York State Dormitory Authority                                           | CUSIP: 64990KHZ9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212659.56    | 0.50%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota St Hsg Dev Auth                                               | South Dakota Housing Development Authority                                   | CUSIP: 83756C2W4<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    125000 | PA      | $132999.61    | 0.31%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Texas St Muni Gas Acquisition & Sply Corp I Gas Sply Revenue               | Texas Municipal Gas Acquisition and Supply Corp. I                           | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25461.31     | 0.06%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Wyoming St Cmnty Dev Auth Hsg Revenue                                      | Wyoming Community Development Authority                                      | CUSIP: 98322QB22<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    815000 | PA      | $811096.48    | 1.89%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Illinois St Fin Auth Revenue                                               | Illinois Finance Authority                                                   | CUSIP: 45204EFB9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $408091.64    | 0.95%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative                                   | Southeast Energy Authority A Cooperative District                            | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    160000 | PA      | $174461.34    | 0.41%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas St Dept Of Hsg & Cmnty Affairs Resdl Mtg Revenue                     | Texas Department of Housing & Community Affairs                              | CUSIP: 882750RQ7<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    215000 | PA      | $176454.16    | 0.41%             | 2037-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Antelope Vly Ca Cmnty Clg Dist                                             | Antelope Valley Community College District                                   | CUSIP: 03667PLG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $341199.27    | 0.80%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Cnty Or Sch Dist #48j Beaverton                                 | Washington & Multnomah Counties School District No 48J Beaverton             | CUSIP: 938429T31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $141917.40    | 0.33%             | 2034-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Ca Dept Of Arpts Arpt Revenue                                  | City of Los Angeles Department of Airports                                   | CUSIP: 5444452N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $459397.49    | 1.07%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morris Mn Area Schs Indep Sch Dist # 2769                                  | Morris Area Schools Independent School District No 2769                      | CUSIP: 617877DB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $599852.85    | 1.40%             | 2033-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts St Dev Fin Agy Revenue                                       | Massachusetts Development Finance Agency                                     | CUSIP: 57584X8V6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    125000 | PA      | $124145.69    | 0.29%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan St Fin Auth Revenue                                               | Michigan Finance Authority                                                   | CUSIP: 59447T3V3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99060.18     | 0.23%             | 2042-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-dade Cnty Fl Aviation Revenue                                        | County of Miami-Dade FL Aviation Revenue                                     | CUSIP: 59333P7N2<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    250000 | PA      | $275833.80    | 0.64%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Of Seattle Wa Revenue                                                 | Port of Seattle WA                                                           | CUSIP: 735389H76<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    300000 | PA      | $313716.48    | 0.73%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Ca Bond Fin Auth Natural Gas Purchase Revenue                   | Long Beach Bond Finance Authority                                            | CUSIP: 54241ABC6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |    430000 | PA      | $435171.57    | 1.02%             | 2027-11-15      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Salt Verde Az Financial Corp Senior Gas Revenue                            | Salt Verde Financial Corp.                                                   | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |    675000 | PA      | $735142.84    | 1.72%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Of Portland Or Arpt Revenue                                           | Port of Portland OR Airport Revenue                                          | CUSIP: 7352403A9<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |    200000 | PA      | $221038.00    | 0.52%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark Cnty Nv Poll Control Revenue                                         | County of Clark NV                                                           | CUSIP: 181008BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275410.88    | 0.64%             | 2036-01-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Fremont Ca Unif Sch Dist Alameda Cnty                                      | Fremont Unified School District/Alameda County CA                            | CUSIP: 357155FQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $176229.89    | 0.41%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois St Hsg Dev Auth Revenue                                           | Illinois Housing Development Authority                                       | CUSIP: 45203MUH2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    170000 | PA      | $184598.10    | 0.43%             | 2054-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Texas St Muni Gas Acquisition & Sply Corp I Gas Sply Revenue               | Texas Municipal Gas Acquisition and Supply Corp. I                           | CUSIP: 88256CAW9<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    330000 | PA      | $330791.44    | 0.77%             | 2026-12-15      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| Louisiana St Public Facs Auth Revenue                                      | Louisiana Public Facilities Authority                                        | CUSIP: 546398ST6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     65000 | PA      | $63563.85     | 0.15%             | 2036-02-15      | Floating      | 3.46%                 | No            |                  2 | On Loan: No      |
| Texas St Muni Gas Acquisition & Sply Corp V Gas Sply Revenue               | Texas Municipal Gas Acquisition & Supply Corp. V                             | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |    320000 | PA      | $353081.12    | 0.82%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Ny Transitional Fin Auth Rev                                 | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64972JNH7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108343.57    | 0.25%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saint Cloud Mn Indep Sch Dist#742                                          | St Cloud Independent School District No 742                                  | CUSIP: 789177TE2<br>LEI: 549300777B7XVMYHUU90 | Long             | DBT              | MUN               | US        |    500000 | PA      | $306283.65    | 0.72%             | 2038-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| King Cnty Wa Swr Revenue                                                   | County of King WA Sewer Revenue                                              | CUSIP: 495290EF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $114009.24    | 0.27%             | 2040-01-01      | Floating      | 2.94%                 | No            |                  2 | On Loan: No      |
| Gtr Orlando Fl Aviation Auth Arpt Facs Revenue                             | Greater Orlando Aviation Authority                                           | CUSIP: 392275FG3<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    175000 | PA      | $186350.34    | 0.44%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan St Fin Auth Revenue                                               | Michigan Finance Authority                                                   | CUSIP: 59447T3W1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    275000 | PA      | $274286.95    | 0.64%             | 2047-04-15      | Floating      | 3.46%                 | No            |                  2 | On Loan: No      |
| North East Tx Indep Sch Dist                                               | North East Independent School District                                       | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $399678.66    | 0.93%             | 2049-08-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Mobile Al Indl Dev Brd Poll Control Revenue                                | Industrial Development Board of the City of Mobile Alabama                   | CUSIP: 607167DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65252.99     | 0.15%             | 2034-06-01      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| New Mexico St Mtge Fin Auth                                                | New Mexico Mortgage Finance Authority                                        | CUSIP: 647201TX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $231187.70    | 0.54%             | 2053-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Clackamas & Yamhill Cntys Or Sch Dist #88j                      | Washington Clackamas & Yamhill Counties School District No 88J               | CUSIP: 937440DS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $139272.66    | 0.33%             | 2039-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kentucky St Public Energy Auth Gas Sply Revenue                            | Kentucky Public Energy Authority                                             | CUSIP: 74440DDT8<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    460000 | PA      | $462825.18    | 1.08%             | 2052-08-01      | Floating      | 3.89%                 | No            |                  2 | On Loan: No      |
| Texas St Muni Gas Acquisition & Sply Corp Ii Gas Sply Revenu               | Texas Municipal Gas Acquisition and Supply Corp. II                          | CUSIP: 88255QAC3<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |    235000 | PA      | $235549.10    | 0.55%             | 2027-09-15      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Missouri St Hsg Dev Commission Sf Mtge Revenue                             | Missouri Housing Development Commission                                      | CUSIP: 60637BVE7<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150715.91    | 0.35%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative                                   | Southeast Energy Authority A Cooperative District                            | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    170000 | PA      | $180381.65    | 0.42%             | 2055-03-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| New Mexico St Mtge Fin Auth                                                | New Mexico Mortgage Finance Authority                                        | CUSIP: 647201K43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $296908.42    | 0.69%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Illinois St Fin Auth Revenue                                               | Illinois Finance Authority                                                   | CUSIP: 45204EA32<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    200000 | PA      | $181328.52    | 0.42%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Ny Transitional Fin Auth Rev                                 | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64972JHS0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    115000 | PA      | $126554.61    | 0.30%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centrl Plains Energy Proj Ne Gas Proj Revenue                              | Central Plains Energy Project                                                | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    165000 | PA      | $173644.96    | 0.41%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount San Antonio Ca Cmnty Clg Dist                                        | Mt San Antonio Community College District                                    | CUSIP: 623040FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $370830.07    | 0.87%             | 2043-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Tx Indep Sch Dist                                                | Fort Bend Independent School District                                        | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152746.04    | 0.36%             | 2054-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| E-470 Co Public Highway Auth                                               | E-470 Public Highway Authority                                               | CUSIP: 26822LGS7<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    300000 | PA      | $186135.60    | 0.43%             | 2035-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Memphis Arena Public Bldg Auth Tn                                      | New Memphis Arena Public Building Authority                                  | CUSIP: 64704CAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $347491.90    | 0.81%             | 2030-04-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington Clackamas & Yamhill Cntys Or Sch Dist #88j                      | Washington Clackamas & Yamhill Counties School District No 88J               | CUSIP: 937440DU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $123574.25    | 0.29%             | 2041-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Denver City & Cnty Co Arpt Revenue                                         | City & County of Denver Co. Airport System Revenue                           | CUSIP: 249182UW4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $283068.38    | 0.66%             | 2035-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Met Washington Dc Arpts Auth Arpt Sys Revenue                              | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647LV1<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    250000 | PA      | $271085.63    | 0.63%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative                                   | Southeast Energy Authority A Cooperative District                            | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076768.50   | 2.52%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado St Hlth Facs Auth Revenue                                         | Colorado Health Facilities Authority                                         | CUSIP: 19648FYC2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    155000 | PA      | $171735.02    | 0.40%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania St Turnpike Commission Turnpike Revenue                       | Pennsylvania Turnpike Commission                                             | CUSIP: 709224AX7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    790000 | PA      | $804130.65    | 1.88%             | 2037-12-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado St Hlth Facs Auth Revenue                                         | Colorado Health Facilities Authority                                         | CUSIP: 19648FJE5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    100000 | PA      | $94120.12     | 0.22%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado St Hlth Facs Auth Revenue                                         | Colorado Health Facilities Authority                                         | CUSIP: 19648FSD7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     75000 | PA      | $80752.56     | 0.19%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma St Hsg Fin Agy Sf Mtge Revenue                                    | Oklahoma Housing Finance Agency                                              | CUSIP: 67886MVL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $391828.64    | 0.92%             | 2052-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc Ga Gas Supply Revenue                          | Main Street Natural Gas, Inc.                                                | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    160000 | PA      | $172775.39    | 0.40%             | 2054-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| N Tx Tollway Auth Revenue                                                  | North Texas Tollway Authority                                                | CUSIP: 66285WCD6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    100000 | PA      | $64032.49     | 0.15%             | 2038-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gtr Orlando Fl Aviation Auth Arpt Facs Revenue                             | Greater Orlando Aviation Authority                                           | CUSIP: 392274Z74<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    300000 | PA      | $317460.99    | 0.74%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas St Dept Of Transprtn Highway Revenue                                | State of Kansas Department of Transportation                                 | CUSIP: 485424SZ9<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    385000 | PA      | $446799.31    | 1.04%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nthrn Ca Gas Auth #1 Gas Proj Revenue                                      | Northern California Gas Authority No 1                                       | CUSIP: 66483PAH4<br>LEI: 549300TLE6LHZ4MKO832 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125225.28    | 0.29%             | 2027-07-01      | Floating      | 3.56%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc Ga Gas Supply Revenue                          | Main Street Natural Gas, Inc.                                                | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    300000 | PA      | $321914.85    | 0.75%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota St Hsg Fin Agy                                                   | Minnesota Housing Finance Agency                                             | CUSIP: 60416S6S4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    560000 | PA      | $557974.93    | 1.30%             | 2050-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wyoming St Cmnty Dev Auth Hsg Revenue                                      | Wyoming Community Development Authority                                      | CUSIP: 98322QW45<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |    350000 | PA      | $391045.94    | 0.91%             | 2055-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ohio St Hsg Fin Agy Rsdl Mtge Revenue                                      | Ohio Housing Finance Agency                                                  | CUSIP: 67756UDQ8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    335000 | PA      | $382344.85    | 0.89%             | 2056-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New York City Ny Transitional Fin Auth Rev                                 | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64972JMB1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    300000 | PA      | $325030.71    | 0.76%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Tahoe Ca Unif Sch Dist                                                | Lake Tahoe Unified School District                                           | CUSIP: 511012LW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $129742.07    | 0.30%             | 2045-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey St Transprtn Trust Fund Auth                                    | New Jersey Transportation Trust Fund Authority                               | CUSIP: 646136WR8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    200000 | PA      | $147659.88    | 0.34%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts St Hsg Fin Agy Hsg Revenue                                   | Massachusetts Housing Finance Agency                                         | CUSIP: 57587A8E1<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |     95000 | PA      | $93861.71     | 0.22%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York City Ny Transitional Fin Auth Rev                                 | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64972JLX4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112893.07    | 0.26%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas St Muni Gas Acquisition & Sply Corp Ii Gas Sply Revenu               | Texas Municipal Gas Acquisition and Supply Corp. II                          | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120085.94    | 0.28%             | 2027-09-15      | Floating      | 3.53%                 | No            |                  2 | On Loan: No      |
| New Jersey St Transprtn Trust Fund Auth                                    | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CEV6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    300000 | PA      | $333582.06    | 0.78%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York St Dorm Auth Revenues Non St Supported Debt                       | New York State Dormitory Authority                                           | CUSIP: 65000BF52<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103233.11    | 0.24%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Houston Tx Arpt Sys Revenue                                                | City of Houston TX Airport System Revenue                                    | CUSIP: 442349GV2<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    400000 | PA      | $417239.60    | 0.97%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Texas St Dept Of Hsg & Cmnty Affairs Resdl Mtg Revenue                     | Texas Department of Housing & Community Affairs                              | CUSIP: 882750RU8<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    385000 | PA      | $383007.93    | 0.89%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| North Carolina St Hsg Fin Agy Homeownership Revenue                        | North Carolina Housing Finance Agency                                        | CUSIP: 6582074E2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    715000 | PA      | $771332.63    | 1.80%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Washoe Cnty Nv Wtr Fac Revenue                                             | County of Washoe NV                                                          | CUSIP: 940865BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102272.52    | 0.24%             | 2036-03-01      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Illinois St Fin Auth Revenue                                               | Illinois Finance Authority                                                   | CUSIP: 45204FP66<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51011.46     | 0.12%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Farmington Nm Poll Control Revenue                                         | City of Farmington NM                                                        | CUSIP: 311450FZ8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |    180000 | PA      | $170054.95    | 0.40%             | 2029-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Oregon Coast Or Cmnty Clg Dist                                             | Oregon Coast Community College District                                      | CUSIP: 68583NCH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $447692.92    | 1.05%             | 2040-06-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah Cnty Or Sch Dist #40                                             | Multnomah County School District No 40                                       | CUSIP: 625693JF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $435995.60    | 1.02%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Institutional Us Government Money Market Fund (Premier Class) | State Street Institutional US Government Money Market Fund (Premier Class)   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    100540 | NS      | $100539.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Connecticut St Hsg Fin Auth Hsg Mtge Fin Program                           | Connecticut Housing Finance Authority                                        | CUSIP: 20775CQB3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |     90000 | PA      | $90220.78     | 0.21%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nebraska St Investment Fin Auth Sf Hsg Revenue                             | Nebraska Investment Finance Authority                                        | CUSIP: 63968MXD6<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    305000 | PA      | $300619.90    | 0.70%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Washington Cnty Or Sch Dist #48j Beaverton                                 | Washington & Multnomah Counties School District No 48J Beaverton             | CUSIP: 938429X44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $75219.47     | 0.18%             | 2041-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Minnesota St Hsg Fin Agy Homeownership Fin                                 | Minnesota Housing Finance Agency                                             | CUSIP: 60416QHT4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    199597 | PA      | $166639.32    | 0.39%             | 2050-01-01      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| Philadelphia Pa Sch Dist                                                   | School District of Philadelphia                                              | CUSIP: 717883TK8<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505063.95    | 1.18%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota St Hsg Fin Agy                                                | North Dakota Housing Finance Agency                                          | CUSIP: 658909X68<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    260000 | PA      | $274558.99    | 0.64%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Trimble Cnty Ky Envrnmntl Facs Revenue                                     | County of Trimble KY                                                         | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302327.55    | 0.71%             | 2054-06-01      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| S Miami Fl Hlth Facs Auth                                                  | City Of South Miami Health Facilities Authority, Inc.                        | CUSIP: 838810ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $355784.17    | 0.83%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey St Transprtn Trust Fund Auth                                    | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CEX2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    250000 | PA      | $270575.08    | 0.63%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina St Hsg Fin & Dev Auth Mtge Revenue                          | South Carolina State Housing Finance & Development Authority                 | CUSIP: 83712D2X3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $150894.31    | 0.35%             | 2054-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Univ Of North Carolina Nc At Chapel Hill  Revenue                          | University of North Carolina at Chapel Hill                                  | CUSIP: 914713U75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $701869.98    | 1.64%             | 2041-12-01      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| Salt Verde Az Financial Corp Senior Gas Revenue                            | Salt Verde Financial Corp.                                                   | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |    450000 | PA      | $488754.32    | 1.14%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Cnty Or Sch Dist #48j Beaverton                                 | Washington & Multnomah Counties School District No 48J Beaverton             | CUSIP: 9384292P1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $352125.30    | 0.82%             | 2042-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port Of Portland Or Arpt Revenue                                           | Port of Portland OR Airport Revenue                                          | CUSIP: 7352402L6<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |    305000 | PA      | $306142.23    | 0.72%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Calif City &cnty Arpts Commn Intl Arpt Rev                   | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DWP0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111016.51    | 0.26%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norfolk Va Wtr Revenue                                                     | City of Norfolk VA Water Revenue                                             | CUSIP: 656009PY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $350645.76    | 0.82%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Ny Bridge & Tunnel Auth Payroll Mobility Tax                    | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HEW3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250097.58    | 0.58%             | 2026-04-01      | Floating      | 3.74%                 | No            |                  2 | On Loan: No      |
| Cedar Hill Tx Indep Sch Dist                                               | Cedar Hill Independent School District                                       | CUSIP: 1504293T3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $226947.86    | 0.53%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota St Hsg Fin Agy                                                | North Dakota Housing Finance Agency                                          | CUSIP: 658909SW7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    245000 | PA      | $246151.75    | 0.57%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Maricopa Cnty & Phoenix Az Indl Dev Authorities Mtge Revenue               | Maricopa County & Phoenix Industrial Development Authorities                 | CUSIP: 566736LA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $334439.85    | 0.78%             | 2056-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nrthrn Ca Energy Auth Commodity Sply Revenue                               | Northern California Energy Authority                                         | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |    300000 | PA      | $322818.00    | 0.75%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Ca Dept Of Wtr & Pwr Revenue                                   | Los Angeles Department of Water & Power                                      | CUSIP: 544532QD9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    175000 | PA      | $202968.82    | 0.47%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina St Hsg Fin & Dev Auth Mtge Revenue                          | South Carolina State Housing Finance & Development Authority                 | CUSIP: 83712D4A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $956015.64    | 2.23%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative                                   | Southeast Energy Authority A Cooperative District                            | CUSIP: 84136HCP6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    190000 | PA      | $208399.64    | 0.49%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois St Fin Auth Revenue                                               | Illinois Finance Authority                                                   | CUSIP: 45204FAZ8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    225000 | PA      | $243851.81    | 0.57%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino Vly Ca Unif Sch Dist                                                 | Chino Valley Unified School District                                         | CUSIP: 169583JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $172678.25    | 0.40%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Cnty Ca Cmnty Clg Dist                                           | San Mateo County Community College District                                  | CUSIP: 799038GK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $82340.93     | 0.19%             | 2035-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Fin Auth Wi Poll Control Revenue                                    | Public Finance Authority                                                     | CUSIP: 74447HAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    455000 | PA      | $464795.74    | 1.09%             | 2046-10-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Met Transprtn Auth Ny Revenue                                              | Metropolitan Transportation Authority                                        | CUSIP: 59261AL96<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     15000 | PA      | $14991.14     | 0.04%             | 2026-11-01      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| San Mateo Ca Union High Sch Dist                                           | San Mateo Union High School District                                         | CUSIP: 799017GU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $619501.54    | 1.45%             | 2041-09-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Clackamas & Washington Cntys Or Jt Sch Dist #3 West Linn-wil               | Clackamas & Washington Counties School District No 3                         | CUSIP: 178882PZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $390949.26    | 0.91%             | 2036-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Cmnty Choice Fing Auth Clean Energy Proj Revenue                | California Community Choice Financing Authority                              | CUSIP: 13013JAR7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    210000 | PA      | $198170.62    | 0.46%             | 2052-02-01      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| Triborough Ny Bridge & Tunnel Auth Payroll Mobility Tax                    | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HEU7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $580202.70    | 1.36%             | 2039-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Structured Pass Through Cert                                   | Freddie Mac Multifamily ML Certificates                                      | CUSIP: 3137HCXR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    148278 | PA      | $153982.92    | 0.36%             | 2040-10-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| Port Auth Of New York & New Jersey Ny                                      | Port Authority of New York & New Jersey                                      | CUSIP: 73358W3P7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1173077.40   | 2.74%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gerald R Ford International Arpt Auth Mi Revenue                           | Gerald R Ford International Airport Authority                                | CUSIP: 373695AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102797.51    | 0.24%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Hsg Dev Auth                                                      | Virginia Housing Development Authority                                       | CUSIP: 92812XRF1<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    425000 | PA      | $425006.59    | 0.99%             | 2056-07-01      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| Texas St Wtr Dev Brd                                                       | Texas Water Development Board                                                | CUSIP: 882854Q54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97567.84     | 0.23%             | 2043-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Ny Muni Wtr Fin Auth Wtr & Swr Sys Revenue                   | New York City Municipal Water Finance Authority                              | CUSIP: 64972GA87<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    100000 | PA      | $95320.80     | 0.22%             | 2045-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Modesto Ca Irr Dist Fing Auth Revenue                                      | Modesto Irrigation District                                                  | CUSIP: 607769EL6<br>LEI: S6U6XLZ7IOWYIG8C8H50 | Long             | DBT              | MUN               | US        |    615000 | PA      | $590058.92    | 1.38%             | 2037-09-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Gtr Orlando Fl Aviation Auth Arpt Facs Revenue                             | Greater Orlando Aviation Authority                                           | CUSIP: 392275EZ2<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    300000 | PA      | $332577.45    | 0.78%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Met Transprtn Auth Ny Revenue                                              | Metropolitan Transportation Authority                                        | CUSIP: 59261AL54<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    460000 | PA      | $460067.07    | 1.07%             | 2032-11-01      | Floating      | 3.49%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas Dist Al Gas Project Revenue                          | Black Belt Energy Gas District                                               | CUSIP: 09182TBD8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98781.11     | 0.23%             | 2053-04-01      | Floating      | 3.36%                 | No            |                  2 | On Loan: No      |
| Butler Cnty Pa Gen Auth Revenue                                            | Butler County General Authority                                              | CUSIP: 123574AG0<br>LEI: 549300TSJ3NDU9FG0667 | Long             | DBT              | MUN               | US        |    350000 | PA      | $338214.31    | 0.79%             | 2034-10-01      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| New York St Thruway Auth Personal Income Tax Revenue                       | New York State Thruway Authority                                             | CUSIP: 650028YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107113.96    | 0.25%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Treasury Bill                                                              | United States Treasury Bill                                                  | CUSIP: 912797RY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    970000 | PA      | $967691.92    | 2.26%             | 2025-12-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Ca Dept Wtr & Pwr Revenue                                      | Los Angeles Department of Water & Power                                      | CUSIP: 5444952H6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    225000 | PA      | $230208.73    | 0.54%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin St Hlth & Eductnl Facs Auth Revenue                              | Wisconsin Health & Educational Facilities Authority                          | CUSIP: 97712DJ64<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    180000 | PA      | $171332.77    | 0.40%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver City & Cnty Co Arpt Revenue                                         | City & County of Denver Co. Airport System Revenue                           | CUSIP: 249182TE6<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $305250.05    | 0.71%             | 2036-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Connecticut St Hsg Fin Auth Hsg Mtge Fin Program                           | Connecticut Housing Finance Authority                                        | CUSIP: 20775HQ71<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    285000 | PA      | $315061.09    | 0.74%             | 2054-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York St Hsg Fin Agy Affordable Hsg Revenue                             | New York State Housing Finance Agency                                        | CUSIP: 64987JY96<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    175000 | PA      | $177992.62    | 0.42%             | 2050-11-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Lancaster Oh Port Auth Gas Revenue                                         | Lancaster Port Authority                                                     | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |    390000 | PA      | $416696.59    | 0.97%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mtge Corp Mf Variable Rate Ctfs                          | FHLMC Multifamily VRD Certificates                                           | CUSIP: 31350ADY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    319836 | PA      | $328171.86    | 0.77%             | 2042-06-25      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| San Diego Cnty Ca Regl Arpt Auth Airport Revenue                           | San Diego County Regional Airport Authority                                  | CUSIP: 79739GSR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $120225.43    | 0.28%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Tx Indep Sch Dist                                                | Fort Bend Independent School District                                        | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306574.23    | 0.72%             | 2055-08-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| New York St Hsg Fin Agy Affordable Hsg Revenue                             | New York State Housing Finance Agency                                        | CUSIP: 64987JZ20<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203798.92    | 0.48%             | 2044-11-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Allan Hancock Jt Cmnty Clg Ca                                              | Allan Hancock Joint Community College District                               | CUSIP: 016730DA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $309965.50    | 0.72%             | 2042-08-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida St Hsg Fin Corp Revenue                                            | Florida Housing Finance Corp.                                                | CUSIP: 34074MD99<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    125000 | PA      | $130369.58    | 0.30%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| District Of Columbia Hosp Revenue                                          | District of Columbia                                                         | CUSIP: 254764KC6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200314.96    | 0.47%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska St Investment Fin Auth Sf Hsg Revenue                             | Nebraska Investment Finance Authority                                        | CUSIP: 63968XDX0<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    500000 | PA      | $558171.75    | 1.30%             | 2055-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Energy S E Al A Cooperative Dist Energy Sply Revenue                       | Energy Southeast A Cooperative District                                      | CUSIP: 292723CN1<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    350000 | PA      | $363154.65    | 0.85%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Broward Cnty Fl Arpt Sys Revenue                                           | County of Broward FL Airport System Revenue                                  | CUSIP: 114894YG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214089.22    | 0.50%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas St Dept Of Hsg & Cmnty Affairs                                       | Texas Department of Housing & Community Affairs                              | CUSIP: 88275FYV5<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102893.45    | 0.24%             | 2038-09-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Washington Clackamas & Yamhill Cntys Or Sch Dist #88j                      | Washington Clackamas & Yamhill Counties School District No 88J               | CUSIP: 937440FC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $105969.38    | 0.25%             | 2040-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMN                                                  | Missouri Housing Development Commission                                      | CUSIP: 60637GBD0<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    150000 | PA      | $166185.51    | 0.39%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Houston Tx Arpt Sys Revenue                                                | City of Houston TX Airport System Revenue                                    | CUSIP: 442349GM2<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    135000 | PA      | $147784.22    | 0.35%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Clackamas & Yamhill Cntys Or Sch Dist #88j                      | Washington Clackamas & Yamhill Counties School District No 88J               | CUSIP: 937440DQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $90332.76     | 0.21%             | 2037-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** ALPS ETF TRUST

**Signature:** Erich Rettinger

**Name of Signer:** Erich Rettinger

**Title:** Treasurer