# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-26-001238
**Filing Date:** 2026-1
**Character Count:** 96153
**Document Hash:** c292151d027d4edc42181903f228ae33
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-001238.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0002071691-26-001238

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000757010

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 26562809

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

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

## Series and Classes Contracts Data

### FRANKLIN NEW JERSEY TAX-FREE INCOME FUND (Series ID: S000006923)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018781 | CLASS A1      | FRNJX           |
| C000018783 | CLASS C       | FNIIX           |
| C000068551 | ADVISOR CLASS | FNJZX           |
| C000194364 | Class R6      | FNJRX           |
| C000205902 | Class A       | FNJQX           |

## 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 Tax Free Trust

- **b. Investment Company Act file number:** 811-04149

- **c. CIK number of Registrant:** 0000757010

- **d. LEI of Registrant:** 549300C12HCE48FV1C70

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

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

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Franklin New Jersey Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006923

- **c. LEI of Series:** 5493002I0DFST576NS47

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

- **a. Date of fiscal year-end:** 2026-02-28

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $838135563.66

**Total Liabilities:** $2597194.80

**Net Assets:** $835538368.86

**Cash Not Reported:** $4741479.56

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -2217.92000000 | **5-Year:** -16744.06000000 | **10-Year:** -226810.69000000 | **30-Year:** -282582.69000000

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

- **3-Month:** 0.00000000 | **1-Year:** -1.43000000 | **5-Year:** -533.48000000 | **10-Year:** -21165.86000000 | **30-Year:** -26052.96000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018781 | 2.88%                | 1.46%                | 0.24%                |
| Class ID C000018783 | 2.90%                | 1.39%                | 0.20%                |
| Class ID C000068551 | 2.88%                | 1.47%                | 0.25%                |
| Class ID C000194364 | 2.89%                | 1.48%                | 0.26%                |
| Class ID C000205902 | 2.96%                | 1.35%                | 0.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $21746563.26                               |
| Month 2  | $-482.38                 | $9371863.82                                |
| Month 3  | $0.00                    | $230937.85                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Atlantic County Improvement Authority (The)                  | Atlantic County Improvement Authority (The), Series 2021 A                  | CUSIP: 048501JQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1396880.10   | 0.17%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                       | California Municipal Finance Authority, Series 2022 A-1                     | CUSIP: 130483EV8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1092525.85   | 0.13%             | 2037-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281PAB3<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1781436.12   | 0.21%             | 2047-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281PAC1<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2189695.62   | 0.26%             | 2052-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281UAB2<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264489.75    | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281UAC0<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1193342.50   | 0.14%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281UAD8<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2961021.60   | 0.35%             | 2052-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                   | Capital Trust Agency, Inc., Series 2021 A-1                                 | CUSIP: 14052TDU5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   4536000 | PA      | $4039055.34   | 0.48%             | 2036-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                   | Capital Trust Agency, Inc., Series 2021 A-1                                 | CUSIP: 14052TDY7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    850000 | PA      | $574586.06    | 0.07%             | 2057-01-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                      | Capital Trust Authority, Series 2024                                        | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5350000 | PA      | $4521583.53   | 0.54%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 A              | CUSIP: 14760RBS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1286277.17   | 0.15%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 B              | CUSIP: 14760RCL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1284242.52   | 0.15%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 B              | CUSIP: 14760RCM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $874616.24    | 0.10%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 B              | CUSIP: 14760RCN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1000465.14   | 0.12%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $992084.18    | 0.12%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035854.90   | 0.12%             | 2037-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1053790.46   | 0.13%             | 2038-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1103041.81   | 0.13%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5725000 | PA      | $5848396.65   | 0.70%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp.                         | City of Dallas, Series 2022 A                                               | CUSIP: 23529CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1852940.00   | 0.22%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                               | Delaware River & Bay Authority, Series 2019                                 | CUSIP: 246317GV7<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12369485.00  | 1.48%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                               | Delaware River & Bay Authority, Series 2021                                 | CUSIP: 246317HN4<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1701163.80   | 0.20%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                               | Delaware River & Bay Authority, Series 2024 A                               | CUSIP: 246317KC4<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1423189.03   | 0.17%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Joint Toll Bridge Commission                  | Delaware River Joint Toll Bridge Commission, Series 2017                    | CUSIP: 246343LJ4<br>LEI: 549300N6IGAQMI0JLE23 | Long             | DBT              | MUN               | US        |  19500000 | PA      | $19907068.35  | 2.38%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2018 A                                | CUSIP: 246352HB7<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   7010000 | PA      | $7357832.70   | 0.88%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2018 A                                | CUSIP: 246352HC5<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3833352.28   | 0.46%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2018 A                                | CUSIP: 246352HD3<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   9565000 | PA      | $10034201.51  | 1.20%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2025                                  | CUSIP: 246352JJ8<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2270988.60   | 0.27%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2025                                  | CUSIP: 246352JK5<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5630184.00   | 0.67%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2021                             | CUSIP: 29681CBE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1638527.75   | 0.20%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2021                             | CUSIP: 29681CBG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2377005.48   | 0.28%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2021                             | CUSIP: 29681CBH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4925000 | PA      | $4255063.09   | 0.51%             | 2056-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2024 A                           | CUSIP: 29681CBJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $387637.58    | 0.05%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2024 A                           | CUSIP: 29681CBK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499995.45    | 0.06%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $772470.30    | 0.09%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $718077.64    | 0.09%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $613321.92    | 0.07%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4925000 | PA      | $5110915.30   | 0.61%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5109622.88   | 0.61%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2024                  | CUSIP: 37970PLW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5186793.00   | 0.62%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2025                  | CUSIP: 37970PNH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1307987.28   | 0.16%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2025                  | CUSIP: 37970PNJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1511550.88   | 0.18%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority            | Antonio B Won Pat International Airport Authority, Series 2024 A            | CUSIP: 40064RFZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1038431.40   | 0.12%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                         | Guam Power Authority, Series 2024 A                                         | CUSIP: 400653LA7<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | GU        |    500000 | PA      | $540094.90    | 0.06%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                         | Guam Government Waterworks Authority, Series 2020 A                         | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    850000 | PA      | $857277.28    | 0.10%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                         | Guam Government Waterworks Authority, Series 2025 A                         | CUSIP: 40065FFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   5700000 | PA      | $5901374.73   | 0.71%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                         | Guam Government Waterworks Authority, Series 2025 A                         | CUSIP: 40065FFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   6300000 | PA      | $6613042.59   | 0.79%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                            | Territory of Guam, Series 2025 G                                            | CUSIP: 40065NDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    500000 | PA      | $547835.60    | 0.07%             | 2039-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                            | Territory of Guam, Series 2025 G                                            | CUSIP: 40065NDG9<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1086698.80   | 0.13%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Haven at Elgin LLC                                           | Haven at Elgin LLC                                                          | CUSIP: 41935HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1689545.41   | 0.20%             | 2053-12-31      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Hudson County Improvement Authority                          | Hudson County Improvement Authority, Series 2016                            | CUSIP: 443730MH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6021936.60   | 0.72%             | 2051-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hudson County Improvement Authority                          | Hudson County Improvement Authority, Series 2019                            | CUSIP: 443731CW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010291.10   | 0.12%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jersey City Municipal Utilities Authority                    | Jersey City Municipal Utilities Authority, Series 2025 E                    | CUSIP: 476623DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1518864.21   | 0.18%             | 2055-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Jersey City Municipal Utilities Authority                    | Jersey City Municipal Utilities Authority, Series 2024 C                    | CUSIP: 476624DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1598650.05   | 0.19%             | 2054-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Middlesex County Improvement Authority                       | Middlesex County Improvement Authority, Series 2023 A                       | CUSIP: 596564RX4<br>LEI: 549300QDGS1CLXDHV188 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1100087.10   | 0.13%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monmouth NJ                                        | County of Monmouth, Series 2025 ABCE                                        | CUSIP: 609561PW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6780000 | PA      | $7915955.78   | 0.95%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monmouth NJ                                        | County of Monmouth, Series 2025 ABCE                                        | CUSIP: 609561PX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3580000 | PA      | $4138662.94   | 0.50%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monmouth County Improvement Authority (The)                  | Monmouth County Improvement Authority (The), Series 2022 C                  | CUSIP: 60956PF56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1163171.11   | 0.14%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Brunswick Parking Authority                              | New Brunswick Parking Authority, Series 2016 A                              | CUSIP: 642835PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5056961.50   | 0.61%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017                      | CUSIP: 64577B4L5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6080098.80   | 0.73%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017 A                    | CUSIP: 64577BG24<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    640000 | PA      | $644204.10    | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017 A                    | CUSIP: 64577BG32<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600641.58    | 0.07%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017 A                    | CUSIP: 64577BG40<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1414872.90   | 0.17%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series A                         | CUSIP: 64577BHW7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6713360.50   | 0.80%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2021 QQQ                  | CUSIP: 64577XCQ7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2521695.75   | 0.30%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2021 QQQ                  | CUSIP: 64577XCT1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1183340.63   | 0.14%             | 2046-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2022 A                    | CUSIP: 64577XEE2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5150659.00   | 0.62%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2019                      | CUSIP: 645780FJ1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7245000 | PA      | $7378199.33   | 0.88%             | 2059-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2019                      | CUSIP: 645780FK8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $5442911.80   | 0.65%             | 2059-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017                      | CUSIP: 64578CCE9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253768.78    | 0.03%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017                      | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  19175000 | PA      | $19184006.50  | 2.30%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016 A        | CUSIP: 645790AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18500000 | PA      | $18543876.45  | 2.22%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016          | CUSIP: 645790CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5850000 | PA      | $5862874.10   | 0.70%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2008 A        | CUSIP: 645790ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85078.71     | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016          | CUSIP: 645790FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9933748.00   | 1.19%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016 A        | CUSIP: 645790FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10052567.00  | 1.20%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2017 A        | CUSIP: 645790KE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11260066.40  | 1.35%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2017 A        | CUSIP: 645790LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7084741.30   | 0.85%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2017 A        | CUSIP: 645790LQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8144003.88   | 0.97%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790MV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020384.10   | 0.12%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3991520.03   | 0.48%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790MY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2212330.78   | 0.26%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790NA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11346289.20  | 1.36%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2021          | CUSIP: 645790NX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $773102.63    | 0.09%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2021          | CUSIP: 645790PD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $790094.50    | 0.09%             | 2046-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2024 A        | CUSIP: 645790TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5115000 | PA      | $5489005.73   | 0.66%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2024 A        | CUSIP: 645790UQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6367717.80   | 0.76%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2009 B        | CUSIP: 64579FYJ6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   4285000 | PA      | $4285000.00   | 0.51%             | 2043-07-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2009 C        | CUSIP: 64579FYK3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  16885000 | PA      | $16885000.00  | 2.02%             | 2043-07-01      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology/NJ                        | New Jersey Institute of Technology, Series 2025 A                           | CUSIP: 64579REC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5744267.20   | 0.69%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology/NJ                        | New Jersey Institute of Technology, Series 2025 A                           | CUSIP: 64579REF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1892947.35   | 0.23%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2024          | CUSIP: 64579XEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2084280.80   | 0.25%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Infrastructure Bank                               | New Jersey Infrastructure Bank, Series 2022 A-2                             | CUSIP: 64580CNN3<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |   6070000 | PA      | $6397392.73   | 0.77%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Infrastructure Bank                               | New Jersey Infrastructure Bank, Series 2024 A-W1                            | CUSIP: 64580CQC4<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2143328.00   | 0.26%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2025                      | CUSIP: 645912FZ4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539772.75    | 0.06%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2025                      | CUSIP: 645912GA8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    675000 | PA      | $683511.35    | 0.08%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2025                      | CUSIP: 645912GB6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    900000 | PA      | $900967.50    | 0.11%             | 2055-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2005 N-1                  | CUSIP: 6459165H6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   8660000 | PA      | $9090608.97   | 1.09%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                          | State of New Jersey, Series 2020 A                                          | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4819222.35   | 0.58%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                          | State of New Jersey, Series 2020 A                                          | CUSIP: 646039YR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3438645.08   | 0.41%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                          | State of New Jersey, Series 2020 A                                          | CUSIP: 646039YS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10790395.00  | 1.29%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 1998-1                  | CUSIP: 646065LW0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258373.93    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 D                  | CUSIP: 6460663G3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1157850.48   | 0.14%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 A                  | CUSIP: 6460666J4<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4074592.40   | 0.49%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 A                  | CUSIP: 6460666K1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  11640000 | PA      | $10351592.84  | 1.24%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 C                  | CUSIP: 6460667A2<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $945783.92    | 0.11%             | 2049-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 C                  | CUSIP: 6460667B0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1743790.76   | 0.21%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066J35<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3955000 | PA      | $4072697.24   | 0.49%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066L73<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1637266.72   | 0.20%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066L99<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   9430000 | PA      | $9530586.04   | 1.14%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066M23<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   4085000 | PA      | $4104279.16   | 0.49%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 C                  | CUSIP: 646066MA5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400323.44    | 0.05%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 C                  | CUSIP: 646066MC1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300729.82   | 0.16%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 H                  | CUSIP: 646066NN6<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2208216.65   | 0.26%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 H                  | CUSIP: 646066NP1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5007130.00   | 0.60%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 D                  | CUSIP: 646066V49<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3945000 | PA      | $3970862.24   | 0.48%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2023 A                  | CUSIP: 646067FV5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044174.20   | 0.24%             | 2048-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2023 A                  | CUSIP: 646067FW3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2101048.20   | 0.25%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 B                  | CUSIP: 646067GX0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4768711.50   | 0.57%             | 2053-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 B                  | CUSIP: 646067GY8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $14643899.55  | 1.75%             | 2054-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 A-2                | CUSIP: 646067HP6<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2437501.25   | 0.29%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 A                  | CUSIP: 646067JJ8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115397.80   | 0.13%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 A                  | CUSIP: 646067JM1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078275.00   | 0.13%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2019 B     | CUSIP: 646080UN9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1728038.24   | 0.21%             | 2039-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2020 A     | CUSIP: 646080UX7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3348817.30   | 0.40%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2020 C     | CUSIP: 646080VG3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1539082.83   | 0.18%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2021 B     | CUSIP: 646080VW8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2989605.49   | 0.36%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2023 C     | CUSIP: 646080XL0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3065504.06   | 0.37%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2024 C     | CUSIP: 646080YC9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017024.80   | 0.24%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2025 1-A   | CUSIP: 646080YM7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1615337.55   | 0.19%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2025 1-C   | CUSIP: 646080YY1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3065520.00   | 0.37%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2024 D-1               | CUSIP: 6461087G9<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3112842.00   | 0.37%             | 2045-11-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2019 A                 | CUSIP: 646108D31<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    510000 | PA      | $424532.36    | 0.05%             | 2044-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2018 A                 | CUSIP: 646108YC8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1067558.69   | 0.13%             | 2043-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2025 A                 | CUSIP: 646127FS4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   4225000 | PA      | $4463230.85   | 0.53%             | 2041-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2009 A               | CUSIP: 6461362S9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5864376.00   | 0.70%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2019 BB              | CUSIP: 6461365M9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5748691.80   | 0.69%             | 2044-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2020 AA              | CUSIP: 6461367K1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   8435000 | PA      | $8732182.76   | 1.05%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2020 AA              | CUSIP: 6461367L9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3670000 | PA      | $3381761.87   | 0.40%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2006 C               | CUSIP: 646136EW7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7751827.00   | 0.93%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2009 A               | CUSIP: 646136WP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8000570.00   | 0.96%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2009 A               | CUSIP: 646136WS6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $337019.90    | 0.04%             | 2036-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2010 A               | CUSIP: 646136XG1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4421718.50   | 0.53%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2010 A               | CUSIP: 646136XQ9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $2600294.40   | 0.31%             | 2040-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2017 B                                | CUSIP: 6461397M1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1383182.94   | 0.17%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2019 C                 | CUSIP: 64613ABR2<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3846061.90   | 0.46%             | 2044-10-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACT7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   4005000 | PA      | $3425965.51   | 0.41%             | 2035-10-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACU4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   8020000 | PA      | $6234966.14   | 0.75%             | 2040-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACV2<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3205000 | PA      | $2328299.81   | 0.28%             | 2045-10-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACW0<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $1652028.96   | 0.20%             | 2050-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2025 M                 | CUSIP: 64613ALR1<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2598675.75   | 0.31%             | 2045-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 A               | CUSIP: 64613CAD0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1959931.00   | 0.23%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 BB              | CUSIP: 64613CBL1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2326398.96   | 0.28%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 BB              | CUSIP: 64613CBM9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7325000 | PA      | $6934376.06   | 0.83%             | 2046-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 CC              | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1493216.75   | 0.18%             | 2050-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2023 A               | CUSIP: 64613CCT3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4424630.40   | 0.53%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2023 A               | CUSIP: 64613CCV8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2739697.75   | 0.33%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2023 BB              | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109369.00   | 0.25%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2024 CC              | CUSIP: 64613CGH5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   9555000 | PA      | $10130572.18  | 1.21%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2024 CC              | CUSIP: 64613CGJ1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1174819.00   | 0.14%             | 2050-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2017 G                                | CUSIP: 646140CT8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4935533.00   | 0.59%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2019 A                                | CUSIP: 646140DD2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $15864949.05  | 1.90%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2021 A                                | CUSIP: 646140DK6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4010000 | PA      | $3808561.66   | 0.46%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2022 B                                | CUSIP: 646140ET6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5092137.00   | 0.61%             | 2048-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2024 B                                | CUSIP: 646140FY4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1448161.50   | 0.17%             | 2054-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2024 B                                | CUSIP: 646140FZ1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2132751.20   | 0.26%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2024 C                                | CUSIP: 646140GA5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  13900000 | PA      | $15071421.11  | 1.80%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2024 C                                | CUSIP: 646140GB3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   7360000 | PA      | $7913059.10   | 0.95%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2025 A                                | CUSIP: 646140JF1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10797093.00  | 1.29%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ Mass Transit Access Tax Revenue            | City of Newark, Series 2022                                                 | CUSIP: 650360AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085564.80   | 0.13%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ Mass Transit Access Tax Revenue            | City of Newark, Series 2022                                                 | CUSIP: 650360AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1621391.55   | 0.19%             | 2052-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ Mass Transit Access Tax Revenue            | City of Newark, Series 2022                                                 | CUSIP: 650360AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117206.50   | 0.13%             | 2062-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $621962.53    | 0.07%             | 2039-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $656917.20    | 0.08%             | 2040-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $646974.68    | 0.08%             | 2041-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $592977.28    | 0.07%             | 2042-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Newark Housing Authority                                     | Newark Housing Authority, Series 2017                                       | CUSIP: 65037RCU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19245000 | PA      | $19364251.64  | 2.32%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department      | State of Oregon Housing & Community Services Department, Series 2022 II-1   | CUSIP: 68608END0<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2076038.00   | 0.25%             | 2039-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $179432.79    | 0.02%             | 2033-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $689062.04    | 0.08%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020523.00   | 0.12%             | 2053-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024090.00   | 0.12%             | 2058-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2025                     | CUSIP: 70275QAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $731575.92    | 0.09%             | 2033-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2025                     | CUSIP: 70275QAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009129.40   | 0.12%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2025                     | CUSIP: 70275QAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $631389.69    | 0.08%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                  | Pecan Public Facility Corp., Series 2022 A-2                                | CUSIP: 705125AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2043850.59   | 0.24%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                      | Port Authority of New York & New Jersey, Series 242                         | CUSIP: 73358XKP6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6361794.38   | 0.76%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                      | Port Authority of New York & New Jersey, Series 244                         | CUSIP: 73358XMG4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7904745.00   | 0.95%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                      | Port Authority of New York & New Jersey, Series 250                         | CUSIP: 73358XQW5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2682184.00   | 0.32%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                      | Port Authority of New York & New Jersey, Series 250                         | CUSIP: 73358XQX3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6954794.88   | 0.83%             | 2051-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2022 A                                     | CUSIP: 74441XHM4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006752.40   | 0.24%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2024 A-2                                   | CUSIP: 74441XHX0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3225000 | PA      | $2062124.02   | 0.25%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2025 A-1                                   | CUSIP: 74441XJD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2091994.16   | 0.25%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2025 A-2                                   | CUSIP: 74441XJE0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  11450000 | PA      | $5445128.80   | 0.65%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2022, Class B-1                            | CUSIP: 74442PVW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1209679.20   | 0.14%             | 2044-12-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                         | Puerto Rico Electric Power Authority, Series VV                             | CUSIP: 74526Q2Q4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1200000 | PA      | $1215995.76   | 0.15%             | 2032-07-01      | Fixed         | 5.25%                 | 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        |  10000000 | PA      | $9749658.00   | 1.17%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue      | Puerto Rico Sales Tax Financing Corp., Series A-2                           | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    850000 | PA      | $802459.25    | 0.10%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                     | Development Authority of Rockdale County, Series 2025 A-1                   | CUSIP: 77300QAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $446801.09    | 0.05%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                     | Development Authority of Rockdale County, Series 2025 A-1                   | CUSIP: 77300QAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $1196738.40   | 0.14%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority | South Carolina State Housing Finance & Development Authority, Series 2021 A | CUSIP: 83712EHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $843055.65    | 0.10%             | 2039-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp.                                      | South Jersey Port Corp., Series 2017 B                                      | CUSIP: 838530RC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $644061.56    | 0.08%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp.                                      | South Jersey Port Corp., Series 2017 B                                      | CUSIP: 838530RD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1811436.18   | 0.22%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp.                                      | South Jersey Port Corp., Series 2017 B                                      | CUSIP: 838530RH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4625000 | PA      | $4635387.75   | 0.55%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2020 A                        | CUSIP: 838536LM0<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5901739.05   | 0.71%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2022 A                        | CUSIP: 838536MP2<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6027182.40   | 0.72%             | 2047-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2022 A                        | CUSIP: 838536MR8<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   5540000 | PA      | $5748466.88   | 0.69%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2025 A                        | CUSIP: 838536NP1<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2360913.41   | 0.28%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                           | Tobacco Settlement Financing Corp., Series 2018 A                           | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $17055197.30  | 2.04%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Union County Improvement Authority                           | Union County Improvement Authority, Series 2024                             | CUSIP: 906347YX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5308791.40   | 0.64%             | 2054-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                  | Washington State Housing Finance Commission, Series 2021 A                  | CUSIP: 939783H58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1205921.92   | 0.14%             | 2037-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Franklin Tax Free Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer