# EDGAR Filing Document

**Accession Number:** 0000872625
**File Stem:** 0002071691-26-008620
**Filing Date:** 2026-4
**Character Count:** 110062
**Document Hash:** d0629e0a17c3e4858d1946ad9530ed55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-008620.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0002071691-26-008620

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN STRATEGIC SERIES
- **CENTRAL INDEX KEY:** 0000872625

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06243
- **FILM NUMBER:** 26887698

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-570-3000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CALIFORNIA 250 GROWTH FUND
- **DATE OF NAME CHANGE:** 19911216

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CALIFORNIA 250 GROWTH INDEX FUND
- **DATE OF NAME CHANGE:** 19910917

## Series and Classes Contracts Data

### Franklin Templeton SMACS: Series H (Series ID: S000065650)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000212375 | Advisor Class | FGTHX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Strategic Series

- **b. Investment Company Act file number:** 811-06243

- **c. CIK number of Registrant:** 0000872625

- **d. LEI of Registrant:** 549300NDWC0J6DXVSX36

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

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

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Franklin Templeton SMACS Series H

- **b. EDGAR series identifier (if any):** S000065650

- **c. LEI of Series:** 5493004E2ZCTN11DMN39

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $42471750.82

**Total Liabilities:** $601642.68

**Net Assets:** $41870108.14

**Delayed Delivery Securities:** $393833.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -2.71000000 | **5-Year:** -51.63000000 | **10-Year:** -2925.62000000 | **30-Year:** -9098.25000000

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

- **3-Month:** 0.00000000 | **1-Year:** -84.40000000 | **5-Year:** -233.55000000 | **10-Year:** -3596.20000000 | **30-Year:** -17186.42000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000212375 | 0.04%                | 0.74%                | 1.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-50597.64               | $-101729.72                                |
| Month 2  | $0.00                    | $101153.50                                 |
| Month 3  | $630.86                  | $501204.73                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Allentown Commercial and Industrial Development Authority                        | Allentown Commercial and Industrial Development Authority, Series 2024                             | CUSIP: 01843AAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $232037.53    | 0.55%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Angeline Community Development District                                          | Angeline Community Development District, Series 2025                                               | CUSIP: 03473TAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $131617.45    | 0.31%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                  | City of Anna, Series 2023                                                                          | CUSIP: 035713AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    116000 | PA      | $120066.14    | 0.29%             | 2053-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Apple Valley MN                                                          | City of Apple Valley, Series 2021                                                                  | CUSIP: 03800RBD7<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105388.19    | 0.25%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2023                                                | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153387.60    | 0.37%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2024                                              | CUSIP: 041807JW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91338.69     | 0.22%             | 2059-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2025                                              | CUSIP: 041807PW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152869.85    | 0.37%             | 2065-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                                | City of Austin, Series 2022                                                                        | CUSIP: 052466BA6<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101889.17    | 0.24%             | 2051-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Avenir Community Development District                                            | Avenir Community Development District, Series 2024 A                                               | CUSIP: 05357JAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101598.83    | 0.24%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                             | Babcock Ranch Community Independent Special District, Series 2024                                  | CUSIP: 05616KBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151396.88    | 0.36%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Bastrop TX                                                             | County of Bastrop, Series 2024                                                                     | CUSIP: 07031MAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $108974.70    | 0.26%             | 2044-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bella Tara Community Development District                                        | Bella Tara Community Development District, Series 2025                                             | CUSIP: 07820BAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103939.93    | 0.25%             | 2056-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority (The)                                           | Berks County Municipal Authority (The), Series 2024 A-1                                            | CUSIP: 084538JD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     18000 | PA      | $18765.85     | 0.04%             | 2034-06-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority (The)                                           | Berks County Municipal Authority (The), Series 2024 A-2                                            | CUSIP: 084538JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      8000 | PA      | $8632.99      | 0.02%             | 2034-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority (The)                                           | Berks County Municipal Authority (The), Series 2024 A-3                                            | CUSIP: 084538JH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $114870.22    | 0.27%             | 2039-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority (The)                                           | Berks County Municipal Authority (The), Series 2024 B-1                                            | CUSIP: 084538JK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     59000 | PA      | $43855.22     | 0.10%             | 2044-06-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Big Cypress Stewardship District                                                 | Big Cypress Stewardship District, Series 2026                                                      | CUSIP: 08911PAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151014.78    | 0.36%             | 2055-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series 2025 G                                                      | CUSIP: 09182TGM3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109350.23    | 0.26%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bridle Creek Community Development District                                      | Bridle Creek Community Development District, Series 2025                                           | CUSIP: 108860AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $165986.50    | 0.40%             | 2056-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Buena Lago Community Development District                                        | Buena Lago Community Development District, Series 2024                                             | CUSIP: 119126AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75417.73     | 0.18%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                                                  | CMFA Special Finance Agency VII, Series 2021 A-2                                                   | CUSIP: 12574UAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $183834.79    | 0.44%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VIII                                                 | CMFA Special Finance Agency VIII, Series 2021 A-2                                                  | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $117842.81    | 0.28%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                      | CMFA Special Finance Agency, Series 2021 A-2                                                       | CUSIP: 12574WAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91637.61     | 0.22%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency XII                                                  | CMFA Special Finance Agency XII, Series 2022 A-2                                                   | CUSIP: 12574XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $86479.32     | 0.21%             | 2049-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA Community Improvement Authority, Series 2020 A                                               | CUSIP: 126292AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $106309.07    | 0.25%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA Community Improvement Authority, Series 2021 B                                               | CUSIP: 126292AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $115948.50    | 0.28%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Calcasieu Parish Memorial Hospital Service District                              | Calcasieu Parish Memorial Hospital Service District, Series 2019                                   | CUSIP: 128423EY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100065.44    | 0.24%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | California Community Housing Agency, Series 2019 A                                                 | CUSIP: 13013FAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $98801.91     | 0.24%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | California Community Housing Agency, Series 2020 A                                                 | CUSIP: 13013FAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $119884.60    | 0.29%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | California Community Housing Agency, Series 2021 A-2                                               | CUSIP: 13013FAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $221005.94    | 0.53%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | California Community Housing Agency, Series 2021 A-2                                               | CUSIP: 13013FAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $171088.36    | 0.41%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | California Community Choice Financing Authority, Series 2023 C                                     | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    130000 | PA      | $139779.21    | 0.33%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2023 B                                              | CUSIP: 130483GD6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    150000 | PA      | $119016.92    | 0.28%             | 2043-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | Capital Projects Finance Authority, Series 2024 A-1                                                | CUSIP: 140427CR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $226997.98    | 0.54%             | 2058-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Caymas Community Development District                                            | Caymas Community Development District, Series 2026                                                 | CUSIP: 14976TAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160656.13    | 0.38%             | 2056-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                | City of Celina, Series 2023                                                                        | CUSIP: 15114CGM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100943.94    | 0.24%             | 2053-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                | City of Celina, Series 2025                                                                        | CUSIP: 15114CKR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150246.11    | 0.36%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Center Lake Ranch West Community Development District                            | Center Lake Ranch West Community Development District, Series 2025                                 | CUSIP: 151500AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136339.13    | 0.33%             | 2055-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Chaparral Palm Bay Community Development District                                | Chaparral Palm Bay Community Development District, Series 2024                                     | CUSIP: 159419AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100560.88    | 0.24%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority/FL                             | Charlotte County Industrial Development Authority, Series 2025                                     | CUSIP: 16080TAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156442.26    | 0.37%             | 2055-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority (The)                                   | Charlotte-Mecklenburg Hospital Authority (The), Series 2018 H                                      | CUSIP: 160853UN5<br>LEI: 549300XOH4JU704GMZ32 | Long             | STIV             | MUN               | US        |    550000 | PA      | $550000.00    | 1.31%             | 2048-01-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2025 A                                                                     | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    350000 | PA      | $368520.64    | 0.88%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | Chicago Board of Education, Series 2025 B                                                          | CUSIP: 167505A71<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    315000 | PA      | $337548.80    | 0.81%             | 2044-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | Chicago Board of Education, Series 2023 A                                                          | CUSIP: 167505ZF6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258380.93    | 0.62%             | 2047-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | Chicago Board of Education, Series 2023                                                            | CUSIP: 167510BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $239633.71    | 0.57%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019                                                  | CUSIP: 19648FLZ5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98540.17     | 0.24%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2025                                                  | CUSIP: 19648FZM9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    195000 | PA      | $200639.73    | 0.48%             | 2045-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Creekside Community Development District                                         | Creekside Community Development District, Series 2026                                              | CUSIP: 225508AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120724.42    | 0.29%             | 2056-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Cypress Bluff Community Development District                                     | Cypress Bluff Community Development District, Series 2025                                          | CUSIP: 23267AAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100774.53    | 0.24%             | 2055-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| City of Dayton TX                                                                | City of Dayton, Series 2025                                                                        | CUSIP: 240094AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    102000 | PA      | $102033.93    | 0.24%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Deering Park Stewardship District                                                | Deering Park Stewardship District, Series 2025                                                     | CUSIP: 24460GAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $121795.27    | 0.29%             | 2045-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | County of Denton, Series 2024 A                                                                    | CUSIP: 24880GAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    106000 | PA      | $106939.90    | 0.26%             | 2054-12-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | County of Denton, Series 2025                                                                      | CUSIP: 24880GAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103622.25    | 0.25%             | 2055-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                               | Denver Health & Hospital Authority, Series 2019 A                                                  | CUSIP: 24918EEL0<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $243063.78    | 0.58%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | City of Detroit, Series 2023 C                                                                     | CUSIP: 2510936E5<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    100000 | PA      | $113010.05    | 0.27%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2019                                                                  | CUSIP: 25483VVP6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    140000 | PA      | $139059.02    | 0.33%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series 2022 A                                                                | CUSIP: 25483VZX5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $116674.02    | 0.28%             | 2033-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Dripping Springs TX                                                      | City of Dripping Springs, Series 2025                                                              | CUSIP: 262062AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125306.46    | 0.30%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| EP Cimarron Ventanas PFC                                                         | EP Cimarron Ventanas PFC, Series 2024                                                              | CUSIP: 26879QAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153023.13    | 0.37%             | 2039-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| East Waller County Management District                                           | East Waller County Management District, Series 2025                                                | CUSIP: 275737AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    131000 | PA      | $135025.91    | 0.32%             | 2055-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Ennis TX                                                                 | City of Ennis, Series 2025                                                                         | CUSIP: 293470AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99779.94     | 0.24%             | 2055-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Epperson North Community Development District                                    | Epperson North Community Development District, Series 2024                                         | CUSIP: 29429VAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110587.35    | 0.26%             | 2055-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Everlands Community Development District                                         | Everlands Community Development District, Series 2024                                              | CUSIP: 30034HAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150620.00    | 0.36%             | 2054-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                  | City of Fate, Series 2023                                                                          | CUSIP: 31189RCN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101302.33    | 0.24%             | 2053-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fayetteville Public Facilities Board                                             | Fayetteville Public Facilities Board, Series 2026                                                  | CUSIP: 31267GAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117222.32    | 0.28%             | 2060-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Feed Mill Community Development District                                         | Feed Mill Community Development District, Series 2025                                              | CUSIP: 31434PAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101365.56    | 0.24%             | 2056-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2022 A                                                   | CUSIP: 34061QBU0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |     85000 | PA      | $82246.03     | 0.20%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2021 A                                                   | CUSIP: 34061WBN3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $75014.45     | 0.18%             | 2055-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fox Branch Ranch Community Development District                                  | Fox Branch Ranch Community Development District, Series 2025                                       | CUSIP: 351322AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100275.94    | 0.24%             | 2055-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Franklin Dynamic Municipal Bond ETF                                              | Franklin Dynamic Municipal Bond ETF                                                                | CUSIP: 35473P868<br>LEI: 549300RTD7Q8YMBA7Q25 | Long             |  | RF                | US        |    150000 | NS      | $3817500.00   | 9.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gas Worx Community Development District                                          | Gas Worx Community Development District, Series 2025                                               | CUSIP: 367200AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154524.80    | 0.37%             | 2057-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                              | Georgia Housing & Finance Authority, Series 2025 C                                                 | CUSIP: 37353PRJ0<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102750.92    | 0.25%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GIR East Community Development District                                          | GIR East Community Development District, Series 2025                                               | CUSIP: 37611TAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99267.65     | 0.24%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Golden State Connect Authority                                                   | Golden State Connect Authority, Series 2025                                                        | CUSIP: 38121BAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202267.74    | 0.48%             | 2060-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Goshen IN                                                                | City of Goshen, Series 2021 A                                                                      | CUSIP: 38327MAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90302.93     | 0.22%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Canyon University                                                          | Grand Canyon University                                                                            | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $251395.59    | 0.60%             | 2028-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Grand Rapids Economic Development Corp.                                          | Grand Rapids Economic Development Corp., Series 2025 A                                             | CUSIP: 386246HJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100872.38    | 0.24%             | 2050-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hammock Oaks Community Development District                                      | Hammock Oaks Community Development District, Series 2024                                           | CUSIP: 40834PAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $114420.47    | 0.27%             | 2044-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No. 540                                 | Harris County Municipal Utility District No. 540, Series 2022                                      | CUSIP: 41430TBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98281.74     | 0.23%             | 2049-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Harvest Hills South Community Development District                               | Harvest Hills South Community Development District, Series 2025                                    | CUSIP: 41757NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165608.77    | 0.40%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| County of Hays TX                                                                | County of Hays, Series 2020                                                                        | CUSIP: 420894AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95599.84     | 0.23%             | 2030-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Henderson Local Improvement Districts                                            | Henderson Local Improvement Districts, Series 2023                                                 | CUSIP: 425208WV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100512.58    | 0.24%             | 2053-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Highland Trails Community Development District                                   | Highland Trails Community Development District, Series 2025                                        | CUSIP: 430813AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100748.65    | 0.24%             | 2056-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Hillcrest Preserve Community Development District                                | Hillcrest Preserve Community Development District, Series 2024                                     | CUSIP: 43153EAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $176700.29    | 0.42%             | 2054-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Homewood Educational Building Authority                                          | Homewood Educational Building Authority, Series 2024 C                                             | CUSIP: 437887HZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $540515.83    | 1.29%             | 2056-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | City of Houston Airport System, Series 2024 B                                                      | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $383693.59    | 0.92%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hunt Club Grove Community Development District                                   | Hunt Club Grove Community Development District, Series 2024                                        | CUSIP: 445583AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75566.10     | 0.18%             | 2054-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                 | City of Hutto, Series 2023                                                                         | CUSIP: 448529AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116759.33    | 0.28%             | 2058-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2018 A                                                          | CUSIP: 45204ER67<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $88224.33     | 0.21%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2024 B                                                                   | CUSIP: 452153KE8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1574202.15   | 3.76%             | 2047-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | Indianapolis Local Public Improvement Bond Bank, Series 2023 E                                     | CUSIP: 45528U6Y2<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    110000 | PA      | $115901.25    | 0.28%             | 2057-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2016 A                                                              | CUSIP: 46246K3R1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100221.93    | 0.24%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2022                                                                | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    235000 | PA      | $274379.42    | 0.66%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2025                                                                | CUSIP: 46247CCD9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    125000 | PA      | $127903.81    | 0.31%             | 2065-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2025                                                  | CUSIP: 46247DBK2<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |    130000 | PA      | $137078.51    | 0.33%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| K-Bar Ranch III Community Development District                                   | K-Bar Ranch III Community Development District, Series 2025                                        | CUSIP: 48243VAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115255.27    | 0.28%             | 2055-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Kindred Community Development District II                                        | Kindred Community Development District II, Series 2021                                             | CUSIP: 494581AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91928.43     | 0.22%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Kings Creek I Community Development District                                     | Kings Creek I Community Development District, Series 2025                                          | CUSIP: 495879AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102716.79    | 0.25%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kingston One Community Development District                                      | Kingston One Community Development District, Series 2025                                           | CUSIP: 496631AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $134117.37    | 0.32%             | 2057-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kissimmee Park Community Development District                                    | Kissimmee Park Community Development District, Series 2025                                         | CUSIP: 497859AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103939.93    | 0.25%             | 2056-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Knightsbridge Community Development District                                     | Knightsbridge Community Development District, Series 2024                                          | CUSIP: 49907FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $178968.91    | 0.43%             | 2054-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                  | City of Kyle, Series 2025                                                                          | CUSIP: 50156CBY5<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    141000 | PA      | $142225.60    | 0.34%             | 2050-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Town of La Plata MD                                                              | Town of La Plata, Series 2023 A                                                                    | CUSIP: 503825AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $193036.94    | 0.46%             | 2053-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Lake Flores Community Development District                                       | Lake Flores Community Development District, Series 2026                                            | CUSIP: 509682AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100983.57    | 0.24%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lakeshore Villages Master Community Development District                         | Lakeshore Villages Master Community Development District, Series 2025                              | CUSIP: 512098AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $176350.06    | 0.42%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lakeside Preserve Community Development District                                 | Lakeside Preserve Community Development District, Series 2023                                      | CUSIP: 51218WAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $100225.62    | 0.24%             | 2054-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Langley South Community Development District                                     | Langley South Community Development District, Series 2024                                          | CUSIP: 515816AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70293.77     | 0.17%             | 2055-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 819                        | City of Las Vegas, Series 2025                                                                     | CUSIP: 51779EAP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153241.67    | 0.37%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                 | City of Lavon, Series 2025                                                                         | CUSIP: 51946PCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100763.41    | 0.24%             | 2055-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | Lee County Industrial Development Authority, Series 2024 C                                         | CUSIP: 52349EEV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490659.95    | 1.17%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Liberty TX                                                               | City of Liberty, Series 2026                                                                       | CUSIP: 53133AAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    128000 | PA      | $128840.26    | 0.31%             | 2056-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019 | CUSIP: 54628CJA1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    135000 | PA      | $135308.31    | 0.32%             | 2044-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2024                                                 | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    195000 | PA      | $200452.63    | 0.48%             | 2059-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2024                                                 | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    330000 | PA      | $343706.52    | 0.82%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2025                                                 | CUSIP: 546399UY0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101287.34    | 0.24%             | 2059-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LT Ranch Community Development District                                          | LT Ranch Community Development District, Series 2022-2                                             | CUSIP: 54912EAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102738.17    | 0.25%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                 | City of Manor, Series 2025                                                                         | CUSIP: 564099AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105728.26    | 0.25%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2024                                      | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $437274.90    | 1.04%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Marion Ranch Community Development District                                      | Marion Ranch Community Development District, Series 2024                                           | CUSIP: 570001AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $88551.79     | 0.21%             | 2044-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                                              | Maryland Economic Development Corp., Series 2020                                                   | CUSIP: 57420VRN5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    170000 | PA      | $150939.12    | 0.36%             | 2050-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                                              | Maryland Economic Development Corp., Series 2022 A                                                 | CUSIP: 57420VSP9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |     75000 | PA      | $79561.46     | 0.19%             | 2058-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Mclendon-Chisholm TX                                                     | City of Mclendon-Chisholm, Series 2022                                                             | CUSIP: 582153BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136561.83    | 0.33%             | 2052-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                                              | County of Medina, Series 2026                                                                      | CUSIP: 584735AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150453.90    | 0.36%             | 2056-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Mesquite TX                                                              | City of Mesquite, Series 2025                                                                      | CUSIP: 590771BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    143000 | PA      | $143575.79    | 0.34%             | 2055-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | Metropolitan Pier & Exposition Authority, Series 2024 B                                            | CUSIP: 592250FV1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500109.45    | 1.19%             | 2053-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2021 A-2                                             | CUSIP: 59261AK97<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    475000 | PA      | $475339.15    | 1.14%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Series 2024                                                            | CUSIP: 59447NBD7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    150000 | PA      | $142117.77    | 0.34%             | 2054-02-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | Michigan State Housing Development Authority, Series 2025 C                                        | CUSIP: 594654J97<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152218.44    | 0.36%             | 2051-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MidCity Improvement District                                                     | MidCity Improvement District, Series 2022                                                          | CUSIP: 59564KAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $141767.87    | 0.34%             | 2042-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MidCity Improvement District                                                     | MidCity Improvement District, Series 2022                                                          | CUSIP: 59564KAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90126.07     | 0.22%             | 2049-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                                   | Mobile County Industrial Development Authority, Series 2024 B                                      | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $153333.94    | 0.37%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | Montgomery County Higher Education and Health Authority, Series 2022 B                             | CUSIP: 613603G94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $725246.86    | 1.73%             | 2057-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery TX                                                          | County of Montgomery, Series 2025                                                                  | CUSIP: 61371JAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    123000 | PA      | $123733.39    | 0.30%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2025                                              | CUSIP: 63607EAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251403.10    | 0.60%             | 2065-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2023 A                                            | CUSIP: 63607YBJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254547.05    | 0.61%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024 C                                            | CUSIP: 63607YBT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $360248.04    | 0.86%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Series 2019 A-1                              | CUSIP: 64542PEU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $86251.51     | 0.21%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Series 2019 B                                | CUSIP: 64542PFA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $170428.52    | 0.41%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                             | New Hope Cultural Education Facilities Finance Corp., Series A                                     | CUSIP: 64542RDJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $86901.81     | 0.21%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                          | New York City Housing Development Corp., Series 2024, Class F                                      | CUSIP: 64966TGX6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260253.35    | 0.62%             | 2031-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2020                                             | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102668.54    | 0.25%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2020                                             | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $448721.98    | 1.07%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2022                                             | CUSIP: 650116FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $197144.53    | 0.47%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2023                                             | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36741.82     | 0.09%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2024                                             | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $930251.78    | 2.22%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District                                  | North AR-1 Pasco Community Development District, Series 2023                                       | CUSIP: 65725AAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72180.07     | 0.17%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Loop Community Development District                                        | North Loop Community Development District, Series 2023                                             | CUSIP: 66066AAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $139881.51    | 0.33%             | 2054-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | Ohio Housing Finance Agency, Series 2023 C                                                         | CUSIP: 676900WG4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106576.22    | 0.25%             | 2034-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | Ohio Higher Educational Facility Commission                                                        | CUSIP: 67756DRW8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    200000 | PA      | $184981.72    | 0.44%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Okaloosa FL                                                            | County of Okaloosa, Series 2025                                                                    | CUSIP: 678226AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $189623.63    | 0.45%             | 2060-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation of New York                                                 | Oneida Indian Nation of New York, Series 2024 B                                                    | CUSIP: 682504AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109330.13    | 0.26%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2018 B                                                   | CUSIP: 68608JXF3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    400000 | PA      | $400000.00    | 0.96%             | 2034-08-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Pacific Ace Community Development District                                       | Pacific Ace Community Development District, Series 2024                                            | CUSIP: 693750AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126692.25    | 0.30%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Palermo Community Development District                                           | Palermo Community Development District, Series 2023                                                | CUSIP: 696280AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104008.24    | 0.25%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palermo Community Development District                                           | Palermo Community Development District, Series 2025                                                | CUSIP: 696280AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103055.98    | 0.25%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Palm Coast Park Community Development District                                   | Palm Coast Park Community Development District, Series 2023                                        | CUSIP: 69661TAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101856.61    | 0.24%             | 2053-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Parker Pointe Community Development District                                     | Parker Pointe Community Development District, Series 2024                                          | CUSIP: 70111TAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102922.53    | 0.25%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Parkside Trails Community Development District                                   | Parkside Trails Community Development District, Series 2025                                        | CUSIP: 70147QAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145318.43    | 0.35%             | 2055-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Parrish Lakes Community Development District                                     | Parrish Lakes Community Development District, Series 2023 A                                        | CUSIP: 70183FAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91911.25     | 0.22%             | 2053-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pasadena Ridge Community Development District                                    | Pasadena Ridge Community Development District, Series 2024                                         | CUSIP: 702300AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $129318.49    | 0.31%             | 2055-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Preserve at Savannah Lakes Community Development District                        | Preserve at Savannah Lakes Community Development District, Series 2024                             | CUSIP: 74082KAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $146005.38    | 0.35%             | 2044-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                             | City of Princeton, Series 2024                                                                     | CUSIP: 742400CX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    132000 | PA      | $132051.26    | 0.32%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                             | City of Princeton, Series 2025                                                                     | CUSIP: 742400DT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $196427.26    | 0.47%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Prosperity Lakes Community Development District                                  | Prosperity Lakes Community Development District, Series 2023                                       | CUSIP: 74363HAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $171240.66    | 0.41%             | 2053-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024                                                              | CUSIP: 744396KH4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $273911.28    | 0.65%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A                                                            | CUSIP: 74439YEZ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    145000 | PA      | $146779.80    | 0.35%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 B                                                            | CUSIP: 74439YFZ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101456.27    | 0.24%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A                                                            | CUSIP: 74439YGG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    310000 | PA      | $315558.92    | 0.75%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025                                                              | CUSIP: 74442EMR8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98161.01     | 0.23%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025                                                              | CUSIP: 74442EMS6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $92809.66     | 0.22%             | 2065-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021                                                              | CUSIP: 74442PTF2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    345000 | PA      | $294160.52    | 0.70%             | 2051-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2019                                                              | CUSIP: 74444VAM2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    125000 | PA      | $122582.05    | 0.29%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025                                                              | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111297.46    | 0.27%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | Commonwealth of Puerto Rico, Series 2022 A-1                                                       | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    314382 | PA      | $305130.81    | 0.73%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | Commonwealth of Puerto Rico, Series 2022 A-1                                                       | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    296826 | PA      | $267988.85    | 0.64%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                          | Puerto Rico Sales Tax Financing Corp., Series A-1                                                  | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2051000 | PA      | $2013114.95   | 4.81%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Quail Roost Community Development District                                       | Quail Roost Community Development District, Series 2021                                            | CUSIP: 74737QAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $61353.19     | 0.15%             | 2051-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Reflection Bay Community Development District                                    | Reflection Bay Community Development District, Series 2025                                         | CUSIP: 75865NAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $163950.51    | 0.39%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Regal Village Community Development District                                     | Regal Village Community Development District, Series 2024                                          | CUSIP: 75884SAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $146534.00    | 0.35%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                               | Rhode Island Health and Educational Building Corp., Series 2025 A                                  | CUSIP: 762244NZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $231378.55    | 0.55%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                               | Rhode Island Health and Educational Building Corp., Series 2025 B                                  | CUSIP: 762244PC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154424.58    | 0.37%             | 2065-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ridge at Apopka Community Development District                                   | Ridge at Apopka Community Development District, Series 2023                                        | CUSIP: 76571AAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101609.26    | 0.24%             | 2053-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                        | River Hall Community Development District, Series 2023 A                                           | CUSIP: 768247AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $111770.41    | 0.27%             | 2054-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| River Landing Community Development District                                     | River Landing Community Development District, Series 2025                                          | CUSIP: 76828JAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100418.60    | 0.24%             | 2055-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Saltmeadows Community Development District                                       | Saltmeadows Community Development District, Series 2025                                            | CUSIP: 79575GAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155546.37    | 0.37%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Savanna Lakes Community Development District                                     | Savanna Lakes Community Development District, Series 2024                                          | CUSIP: 804713AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136309.07    | 0.33%             | 2054-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sawgrass Village Community Development District                                  | Sawgrass Village Community Development District, Series 2023                                       | CUSIP: 805462AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102084.13    | 0.24%             | 2053-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sawgrass Village Community Development District                                  | Sawgrass Village Community Development District, Series 2023                                       | CUSIP: 805462AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $163170.64    | 0.39%             | 2053-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Seaton Creek Reserve Community Development District                              | Seaton Creek Reserve Community Development District, Series 2023                                   | CUSIP: 81256XAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102549.61    | 0.24%             | 2053-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Seminole Palms Community Development District                                    | Seminole Palms Community Development District, Series 2023                                         | CUSIP: 816775AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $89143.09     | 0.21%             | 2043-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | Sierra Vista Industrial Development Authority, Series 2021 A                                       | CUSIP: 82652PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $209370.58    | 0.50%             | 2056-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | Sierra Vista Industrial Development Authority, Series 2023                                         | CUSIP: 82652UAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $146532.33    | 0.35%             | 2058-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Series 2024 A                                   | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    405000 | PA      | $435920.21    | 1.04%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Springs at Lake Alfred Community Development District                            | Springs at Lake Alfred Community Development District, Series 2024                                 | CUSIP: 85177PAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $146432.34    | 0.35%             | 2054-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | Stamford Housing Authority, Series 2025 A                                                          | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102934.13    | 0.25%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Stonegate Preserve Community Development District                                | Stonegate Preserve Community Development District, Series 2023                                     | CUSIP: 86182EAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160737.71    | 0.38%             | 2053-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Stonegate Preserve Community Development District                                | Stonegate Preserve Community Development District, Series 2025                                     | CUSIP: 86182EAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128709.78    | 0.31%             | 2055-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sugarloaf Community Development District                                         | Sugarloaf Community Development District, Series 2026                                              | CUSIP: 865037AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100587.50    | 0.24%             | 2055-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Summit County Development Finance Authority                                      | Summit County Development Finance Authority, Series 2023                                           | CUSIP: 86607JAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133677.15    | 0.32%             | 2058-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                           | Tempe Industrial Development Authority, Series 2019                                                | CUSIP: 87972MBD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244700.78    | 0.58%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                           | Tempe Industrial Development Authority, Series 2025 A                                              | CUSIP: 87972MBZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257297.88    | 0.61%             | 2055-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Terra Lago Community Development District                                        | Terra Lago Community Development District, Series 2025                                             | CUSIP: 88104DAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100411.41    | 0.24%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Tomball TX                                                               | City of Tomball, Series 2023                                                                       | CUSIP: 889858AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    112000 | PA      | $115002.75    | 0.27%             | 2052-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tranquility Community Development District                                       | Tranquility Community Development District, Series 2025                                            | CUSIP: 89300NAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150355.46    | 0.36%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | Tulsa Municipal Airport Trust Trustees, Series 2025                                                | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $153750.04    | 0.37%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Twisted Oaks Pointe Community Development District                               | Twisted Oaks Pointe Community Development District, Series 2023                                    | CUSIP: 90184FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104368.49    | 0.25%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Twisted Oaks Pointe Community Development District                               | Twisted Oaks Pointe Community Development District, Series 2023                                    | CUSIP: 90184FAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77930.26     | 0.19%             | 2054-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Two Rivers West Community Development District                                   | Two Rivers West Community Development District, Series 2024                                        | CUSIP: 90207HAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77135.08     | 0.18%             | 2054-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District                                            | V-Dana Community Development District, Series 2025                                                 | CUSIP: 91822RAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95804.01     | 0.23%             | 2055-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Walden Pond Fresh Water Supply District                                          | Walden Pond Fresh Water Supply District, Series 2022                                               | CUSIP: 931209AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45807.57     | 0.11%             | 2047-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2023 A                                         | CUSIP: 939783Q74<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120957.18    | 0.29%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2019 A                                         | CUSIP: 939783ZB5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100000 | PA      | $91509.37     | 0.22%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waterset South Community Development District                                    | Waterset South Community Development District, Series 2026                                         | CUSIP: 94186HAQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $177409.68    | 0.42%             | 2056-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Wellness Ridge Community Development District                                    | Wellness Ridge Community Development District, Series 2024                                         | CUSIP: 95004CAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98484.39     | 0.24%             | 2055-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| West Port East Community Development District                                    | West Port East Community Development District, Series 2025                                         | CUSIP: 95549KAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123892.18    | 0.30%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                               | West Villages Improvement District, Series 2025                                                    | CUSIP: 956454CZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $144979.77    | 0.35%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Westwood of Pasco Community Development District                                 | Westwood of Pasco Community Development District, Series 2023                                      | CUSIP: 96181RAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $133384.46    | 0.32%             | 2053-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Winding Oaks Community Development District                                      | Winding Oaks Community Development District, Series 2024                                           | CUSIP: 973389AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100667.71    | 0.24%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024                                   | CUSIP: 97712JJX2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104498.70    | 0.25%             | 2059-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Woodland Preserve Community Development District                                 | Woodland Preserve Community Development District, Series 2025                                      | CUSIP: 97966AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100560.88    | 0.24%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GDB Debt Recovery Authority of Puerto Rico                                       | GDB Debt Recovery Authority of Puerto Rico                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | MUN               | PR        |     79782 | PA      | $78468.97     | 0.19%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Brightline Train Holdings West LLC                                               | Brightline Train Holdings West LLC                                                                 | CUSIP: N/A<br>LEI: 5493000UQOV6R4ZWS346       | Long             | EC               | CORP              | US        |      1290 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Franklin Strategic Series

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer