# EDGAR Filing Document

**Accession Number:** 0000035330
**File Stem:** 0001752724-25-176664
**Filing Date:** 2025-7
**Character Count:** 84006
**Document Hash:** 71386848c0d73667b42c47294f3833b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-176664.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-176664

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY UNION STREET TRUST
- **CENTRAL INDEX KEY:** 0000035330

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02460
- **FILM NUMBER:** 251146243

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY DAILY INCOME TRUST
- **DATE OF NAME CHANGE:** 19900626

## Series and Classes Contracts Data

### Fidelity Arizona Municipal Income Fund (Series ID: S000007497)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000020471 | Fidelity Arizona Municipal Income Fund | FSAZX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Arizona Municipal Income Fund**

**May 31, 2025**

AZI-NPRT3-0725

1.802196.121 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Municipal Securities - 99.6%** | &nbsp;&nbsp;**Municipal Securities - 99.6%** | &nbsp;&nbsp;**Municipal Securities - 99.6%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Arizona - 98.0%  |  |  |
| Education - 16.2% |  |  |
| Arizona St Univ Revs Series 2019A, 5% 7/1/2040  | 510000 | 521683 |
| Arizona St Univ Revs Series 2020 A, 5% 7/1/2039  | 390000 | 403677 |
| Arizona St Univ Revs Series 2020 A, 5% 7/1/2043  | 2925000 | 2972132 |
| Mcallister Academic Vlg AZ LLC 5% 7/1/2037 (Arizona St Univ Revs Guaranteed)  | 2000000 | 2019064 |
| Mcallister Academic Vlg AZ LLC 5% 7/1/2038 (Arizona St Univ Revs Guaranteed)  | 3850000 | 3880711 |
| Northern AZ Univ Revs Series 2015, 5% 6/1/2030  | 1000000 | 1000000 |
| Northern AZ Univ Revs Series 2020 B, 5% 6/1/2037 (Build America Mutual Assurance Co Insured)  | 1000000 | 1048891 |
| Phoenix AZ Indl Dev Auth Student Hsg Rev (Downtown Phoenix Stud Hsg II LLC Proj.) 5% 7/1/2036  | 1175000 | 1178566 |
| Phoenix AZ Indl Dev Auth Student Hsg Rev (Downtown Phoenix Student Housing LLC Proj.) 5% 7/1/2042  | 1500000 | 1437980 |
| Student & Academic Services LLC (Northern AZ Univ Revs Proj.) Series 2024, 5% 6/1/2039 (Build America Mutual Assurance Co Insured)  | 1385000 | 1447703 |
| University AZ Univ Revs Series 2020 C, 5% 8/1/2028  | 900000 | 957137 |
| University AZ Univ Revs Series 2025A, 5% 6/1/2031 (b) | 1800000 | 1983942 |
|  |  | 18851486 |
| Electric Utilities - 3.6% |  |  |
| Coconino Cnty AZ Poll Ctl Corp (Nevada Power Co Proj.) Series 2017A, 4.125% tender 9/1/2032 (c)(d) | 1000000 | 999255 |
| Salt River Proj AZ Agric & Pwr Series 2019 A, 5% 1/1/2035  | 395000 | 421634 |
| Salt River Proj AZ Agric & Pwr Series 2019 A, 5% 1/1/2037  | 880000 | 930881 |
| Salt River Proj AZ Agric & Pwr Series 2023 A, 5% 1/1/2047  | 295000 | 302094 |
| Salt River Proj AZ Agric & Pwr Series 2023B, 5.25% 1/1/2053  | 1400000 | 1452988 |
|  |  | 4106852 |
| General Obligations - 27.9% |  |  |
| Apache Cnty Ariz Uni Sch Dist No 8 Window Rock Impact Aid Rev Series 2022, 5% 7/1/2035  | 500000 | 530607 |
| Apache Cnty Ariz Uni Sch Dist No 8 Window Rock Impact Aid Rev Series 2022, 5% 7/1/2036  | 500000 | 527510 |
| Arizona Game & Fish Dept & Commission 5% 7/1/2032  | 470000 | 470491 |
| Buckeye Ariz Un High Sch Dist No 201 5% 7/1/2029 (Assured Guaranty Municipal Corp Insured)  | 425000 | 456536 |
| Buckeye Ariz Un High Sch Dist No 201 5% 7/1/2031 (Assured Guaranty Municipal Corp Insured)  | 700000 | 770533 |
| Buckeye Ariz Un High Sch Dist No 201 5% 7/1/2032 (Assured Guaranty Municipal Corp Insured)  | 800000 | 888203 |
| Glendale AZ Union High Sch Dst 4% 7/1/2038 (Assured Guaranty Municipal Corp Insured)  | 1000000 | 972685 |
| Glendale AZ Union High Sch Dst 4% 7/1/2039 (Assured Guaranty Municipal Corp Insured)  | 1000000 | 951037 |
| Glendale AZ Union High Sch Dst Series 2024A, 5% 7/1/2035  | 500000 | 554278 |
| Glendale AZ Usd #40 Series 2021B, 2% 7/1/2035 (Assured Guaranty Municipal Corp Insured)  | 2050000 | 1575366 |
| Industrial Development Authority of the City of Phoenix Arizona/The Series 2014, 5.125% 2/1/2034 (Guam Govt Guaranteed)  | 500000 | 471798 |
| Marana Uni Sch Dist No 6 5% 7/1/2043 (Assured Guaranty Municipal Corp Insured)  | 500000 | 515219 |
| Maricopa Cnty AZ Sch Dist #28 Kyrene Elem 4% 7/1/2029  | 650000 | 650416 |
| Maricopa Cnty AZ Sch Dist #28 Kyrene Elem 5% 7/1/2037  | 1000000 | 1024745 |
| Maricopa Cnty AZ Sch Dist #3 Tempe Elem Series 2024 A, 5% 7/1/2039  | 400000 | 432243 |
| Maricopa Cnty AZ School District No 1 Phoenix Elementary 5% 7/1/2041 (Build America Mutual Assurance Co Insured)  | 1300000 | 1355585 |
| Maricopa County Special Health Care District Gen. Oblig. 5% 7/1/2036  | 1000000 | 1030561 |
| Maricopa County Unified School District #80 Series 2021 B, 3% 7/1/2038  | 400000 | 345161 |
| Paradise Valley AZ Uni Sch Dist No 69 Series 2020 SECOND, 3% 7/1/2034  | 265000 | 245474 |
| Paradise Valley AZ Uni Sch Dist No 69 Series 2022, 5% 7/1/2031  | 105000 | 116512 |
| Paradise Valley AZ Uni Sch Dist No 69 Series 2025 A, 5% 7/1/2036  | 1500000 | 1666504 |
| Phoenix Uhsd #210 Series 2019 B, 5% 7/1/2032  | 1180000 | 1236463 |
| Phoenix Uhsd #210 Series 2019 B, 5% 7/1/2034  | 585000 | 609519 |
| Pima Cnty AZ Unified Sch Dist No 1 Tucson Series 2024 A, 5% 7/1/2042 (Assured Guaranty Municipal Corp Insured)  | 875000 | 915682 |
| Pinal Cnty AZ Uni Sch Dist No 20 Maricopa 5% 7/1/2030 (Build America Mutual Assurance Co Insured)  | 340000 | 369087 |
| Pinal Cnty AZ Uni Sch Dist No 20 Maricopa 5% 7/1/2031 (Build America Mutual Assurance Co Insured)  | 225000 | 246368 |
| Pinal Cnty AZ Uni Sch Dist No 20 Maricopa 5% 7/1/2032 (Build America Mutual Assurance Co Insured)  | 150000 | 165540 |
| Pinal Cnty AZ Uni Sch Dist No 20 Maricopa 5% 7/1/2033 (Build America Mutual Assurance Co Insured)  | 225000 | 249602 |
| Pinal Cnty AZ Uni Sch Dist No 20 Maricopa 5% 7/1/2034 (Build America Mutual Assurance Co Insured)  | 275000 | 304988 |
| Pinal Cnty AZ Uni Sch Dist No 20 Maricopa 5% 7/1/2035 (Build America Mutual Assurance Co Insured)  | 275000 | 305154 |
| Pinal Cnty AZ Uni Sch Dist No 20 Maricopa 5% 7/1/2036 (Build America Mutual Assurance Co Insured)  | 625000 | 687451 |
| Salt Verde Finl Corp Gas Rev AZ 5% 12/1/2037 (Citigroup Inc Guaranteed)  | 2910000 | 3008745 |
| Salt Verde Finl Corp Gas Rev AZ 5.5% 12/1/2029 (Citigroup Inc Guaranteed)  | 3000000 | 3190301 |
| Scottsdale AZ Uni Sch Dist #48 4% 7/1/2034  | 350000 | 355531 |
| Scottsdale AZ Uni Sch Dist #48 5% 7/1/2033  | 3015000 | 3103025 |
| Scottsdale Gen. Oblig. 4% 7/1/2032  | 400000 | 405689 |
| Tolleson AZ Uni High Sch Dist No 214 5% 7/1/2031  | 350000 | 361842 |
| Tolleson AZ Uni High Sch Dist No 214 Series 2025, 5% 7/1/2041  | 1400000 | 1487600 |
|  |  | 32554051 |
| Health Care - 24.3% |  |  |
| Arizona Health Facs Auth Rev (Banner Health System Proj.) Series 2007B, S&P Muni 7 Day High Grade Rate Index + 0.81%, 3.75% tender 1/1/2037 (c)(e) | 995000 | 961998 |
| Arizona Indl Dev Auth Hosp Rev (Phoenix Childrens Hospital Proj.) 3% 2/1/2045  | 1160000 | 840941 |
| Arizona Indl Dev Auth Hosp Rev (Phoenix Childrens Hospital Proj.) 4% 2/1/2050  | 2005000 | 1649515 |
| Arizona Indl Dev Auth Hosp Rev (Phoenix Childrens Hospital Proj.) 5% 2/1/2040  | 700000 | 715897 |
| Arizona Indl Dev Auth Hosp Rev (Phoenix Childrens Hospital Proj.) Series 2019 A, 3% 2/1/2048, LOC TD Bank NA VRDN (c) | 3065000 | 3065000 |
| Arizona Indl Dev Auth Hosp Rev (Phoenix Childrens Hospital Proj.) Series 2019B, 3% 2/1/2048, LOC TD Bank NA VRDN (c) | 1200000 | 1200000 |
| Arizona Industrial Development Authority (Childrens National Med Ctr, DC Proj.) Series 2020A, 4% 9/1/2035  | 200000 | 196651 |
| Arizona Industrial Development Authority (Childrens National Med Ctr, DC Proj.) Series 2020A, 4% 9/1/2036  | 355000 | 347089 |
| Arizona Industrial Development Authority (Childrens National Med Ctr, DC Proj.) Series 2020A, 4% 9/1/2046  | 1000000 | 873108 |
| Glendale Ariz Indl Dev Auth Rev (Humangood National Obligated Grp Proj.) Series 2018 A, 4% 7/1/2028  | 215000 | 211591 |
| Glendale Ariz Indl Dev Auth Rev (Humangood National Obligated Grp Proj.) Series 2018 A, 5% 7/1/2033  | 435000 | 436359 |
| Glendale Ariz Indl Dev Auth Sr Living Facs Rev (Royal Oaks Senior Living Cmnty Proj.) 5% 5/15/2056  | 1000000 | 832997 |
| Maricopa Cnty Ariz Indl Dev Auth Hosp Rev (Honorhealth Proj.) 5% 9/1/2033  | 275000 | 285783 |
| Maricopa Cnty Ariz Indl Dev Auth Hosp Rev (Honorhealth Proj.) 5% 9/1/2034  | 680000 | 705643 |
| Maricopa Cnty Ariz Indl Dev Auth Hosp Rev (Honorhealth Proj.) Series 2019A, 5% 9/1/2029  | 310000 | 325175 |
| Maricopa Cnty Ariz Indl Dev Auth Hosp Rev (Honorhealth Proj.) Series 2021 A, 3% 9/1/2051  | 3000000 | 2050663 |
| Maricopa Cnty Ariz Indl Dev Auth Hosp Rev (Honorhealth Proj.) Series 2021 A, 4% 9/1/2051  | 1500000 | 1253633 |
| Maricopa Cnty Ariz Indl Dev Auth Hosp Rev (Honorhealth Proj.) Series 2024B, 3% 12/1/2048, LOC JPMorgan Chase Bank NA VRDN (c) | 500000 | 500000 |
| Maricopa Cnty AZ Ida Rev (Banner Health System Proj.) Series 2019 E, 3% 1/1/2049  | 3000000 | 2047072 |
| Maricopa Cnty AZ Ida Rev (Banner Health System Proj.) Series 2019 F, 4% 1/1/2045  | 1000000 | 888797 |
| Maricopa Cnty AZ Ida Sr Living (Christian Care Surprise Proj.) 5.75% 1/1/2036 (f) | 500000 | 447026 |
| Maricopa Cnty AZ Ida Sr Living (Christian Care Surprise Proj.) 6% 1/1/2048 (f) | 500000 | 388513 |
| Pima Cnty AZ Indl Dev Auth Rev (Tucson Medical Center Proj.) Series 2021, 4% 4/1/2037  | 415000 | 396466 |
| Pima Cnty AZ Indl Dev Auth Rev (Tucson Medical Center Proj.) Series 2021, 4% 4/1/2046  | 3000000 | 2578827 |
| Tempe AZ Indl Dev Auth Rev (Friendship Village of Tempe,Az Proj.) Series 2021A, 4% 12/1/2046  | 1000000 | 823505 |
| Yavapai Cnty AZ Indl Dev Auth Hosp Rev (Yavapai Regional Medical Ctr Proj.) 5% 8/1/2036  | 1305000 | 1312101 |
| Yavapai Cnty AZ Indl Dev Auth Hosp Rev (Yavapai Regional Medical Ctr Proj.) Series 2019, 4% 8/1/2043  | 350000 | 309052 |
| Yavapai Cnty AZ Indl Dev Auth Hosp Rev (Yavapai Regional Medical Ctr Proj.) Series 2019, 5% 8/1/2025  | 400000 | 400855 |
| Yavapai Cnty AZ Indl Dev Auth Hosp Rev (Yavapai Regional Medical Ctr Proj.) Series 2019, 5% 8/1/2026  | 600000 | 609946 |
| Yavapai Cnty AZ Indl Dev Auth Hosp Rev (Yavapai Regional Medical Ctr Proj.) Series 2019, 5% 8/1/2027  | 625000 | 646379 |
| Yuma AZ Indl Dev Auth Hosp Rev (Yuma Regional Medical Center Proj.) Series 2024 A, 5.25% 8/1/2044 (Assured Guaranty Municipal Corp Insured)  | 1000000 | 1029307 |
|  |  | 28329889 |
| Housing - 1.3% |  |  |
| Arizona Indl Dev Auth Rev (Lihtc Cert 2019-2 Proj.) Series 2 Class A, 3.625% 5/20/2033  | 1588231 | 1501906 |
| Industrial Development - 2.6% |  |  |
| Chandler AZ Indl Deve Auth Idr (Intel Corp Proj.) 5% tender 9/1/2052 (c)(d) | 3000000 | 3056031 |
| Special Tax - 7.3% |  |  |
| Bullhead City Ariz Excise Taxes Rev 2.3% 7/1/2041  | 1000000 | 682661 |
| Bullhead City Ariz Excise Taxes Rev 2.55% 7/1/2046  | 3000000 | 1943279 |
| Chandler Ariz Excise Tax Rev Series 2015, 3% 7/1/2034  | 300000 | 278422 |
| Phoenix Ariz Civic Impt Corp Distr Rev 5.5% 7/1/2038 (National Public Finance Guarantee Corporation Insured) (g) | 2000000 | 2311471 |
| Phoenix-Mesa Gateway Arpt Auth Ariz Spl Fac Rev 5% 7/1/2027 (d) | 400000 | 400108 |
| Queen Creek AZ Excise Tax & St Shared Rev Series 2024, 5% 8/1/2030  | 235000 | 257728 |
| Queen Creek AZ Excise Tax & St Shared Rev Series 2024, 5% 8/1/2037  | 135000 | 148745 |
| Queen Creek AZ Excise Tax & St Shared Rev Series 2024, 5% 8/1/2038  | 240000 | 261638 |
| Queen Creek AZ Excise Tax & St Shared Rev Series 2024, 5% 8/1/2039  | 250000 | 270527 |
| Queen Creek AZ Excise Tax & St Shared Rev Series 2024, 5% 8/1/2040  | 350000 | 376330 |
| Tempe AZ Excise Tax Rev 5% 7/1/2028  | 315000 | 320320 |
| Tempe AZ Excise Tax Rev 5% 7/1/2029  | 500000 | 508178 |
| Tempe AZ Excise Tax Rev 5% 7/1/2030  | 325000 | 330143 |
| Tempe AZ Excise Tax Rev 5% 7/1/2031  | 375000 | 380695 |
|  |  | 8470245 |
| Transportation - 8.7% |  |  |
| Arizona St Transn Brd Series 2017A, 5% 7/1/2031  | 385000 | 398040 |
| City of Phoenix Civic Improvement Corp (Phoenix Airport Conrac Proj.) 5% 7/1/2029  | 185000 | 196536 |
| City of Phoenix Civic Improvement Corp (Phoenix Airport Conrac Proj.) 5% 7/1/2035  | 1000000 | 1037503 |
| Phoenix AZ Cvc Imp Crp Apr Rev 5% 7/1/2031  | 2000000 | 2064359 |
| Phoenix AZ Cvc Imp Crp Apr Rev 5% 7/1/2035 (d) | 2425000 | 2452272 |
| Phoenix AZ Cvc Imp Crp Apr Rev Series 2019 B, 4% 7/1/2037 (d) | 1750000 | 1674503 |
| Phoenix AZ Cvc Imp Crp Apr Rev Series 2019 B, 5% 7/1/2033 (d) | 280000 | 289508 |
| Phoenix AZ Cvc Imp Crp Apr Rev Series 2023, 5% 7/1/2030 (d) | 2000000 | 2129624 |
| Phoenix AZ Cvc Imp Crp Apr Rev Series A, 5% 7/1/2033 (d) | 25000 | 25380 |
|  |  | 10267725 |
| Water & Sewer - 6.1% |  |  |
| Central Ariz Wtr Consv Dist Wtr Delivery O&M Rev 5% 1/1/2036  | 500000 | 503319 |
| Goodyear Ariz Wtr & Swr Rev Series 2025, 5% 7/1/2036  | 1420000 | 1580639 |
| Mesa AZ Util Sys Rev Series 2016, 3% 7/1/2040  | 100000 | 79357 |
| Mesa AZ Util Sys Rev Series 2017, 3.25% 7/1/2040  | 350000 | 301904 |
| Mesa AZ Util Sys Rev Series 2017, 3.25% 7/1/2041  | 680000 | 577739 |
| Mesa AZ Util Sys Rev Series 2019A, 5% 7/1/2043  | 2015000 | 2059020 |
| Mesa AZ Util Sys Rev Series 2021, 4% 7/1/2035  | 1000000 | 1007493 |
| Phoenix AZ Cvc Imp Cor Wstwtr 5% 7/1/2033  | 1000000 | 1013804 |
|  |  | 7123275 |
| TOTAL ARIZONA |  | 114261460 |
| Puerto Rico - 1.1%  |  |  |
| General Obligations - 0.8% |  |  |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 0% 7/1/2033 (h) | 435874 | 294915 |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2027  | 50000 | 51312 |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.625% 7/1/2029  | 150000 | 157164 |
| Puerto Rico Comwlth Gen. Oblig. Series 2022 A 1, 5.75% 7/1/2031  | 365000 | 390542 |
|  |  | 893933 |
| Health Care - 0.3% |  |  |
| Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 4% 7/1/2041  | 50000 | 42843 |
| Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 5% 7/1/2027  | 260000 | 266113 |
| Puerto Rico Indl Tourist Edl Med & Environmental Ctl Facs Fing Auth Hosp Rev (Hosp Auxilio Mutou Oblig Grp Proj.) Series 2021, 5% 7/1/2032  | 95000 | 99141 |
|  |  | 408097 |
| TOTAL PUERTO RICO |  | 1302030 |
| Virgin Islands - 0.5%  |  |  |
| Transportation - 0.5% |  |  |
| Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2033 (b) | 215000 | 234813 |
| Virgin Islands Transportation & Infrastructure Corp 5% 9/1/2042 (b) | 335000 | 342989 |
|  |  | 577802 |
| TOTAL VIRGIN ISLANDS |  | 577802 |
| <br> **TOTAL MUNICIPAL SECURITIES**<br> (Cost $121,191,521) |  | <br> **116141292** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 1.1%** | &nbsp;&nbsp;**Money Market Funds - 1.1%** | &nbsp;&nbsp;**Money Market Funds - 1.1%** | &nbsp;&nbsp;**Money Market Funds - 1.1%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Municipal Cash Central Fund (i)(j)<br>(Cost $1,250,281)<br>| 2.43 | 1250031 | **1250281** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.7%**<br> (Cost $122,441,802)<br>| <br>**117391573** |
| **NET OTHER ASSETS (LIABILITIES) - (0.7)%**  | **(788238)** |
| **NET ASSETS - 100.0%** | **116603335** |

---

**Security Type Abbreviations**

VRDN - VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(e) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(f) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $835,539 or 0.7% of net assets.

(g) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(h) Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. The rate shown is the rate at period end.

(i) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.

(j) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Municipal Cash Central Fund | 2987772 | 16386425 | 18123916 | 114053 | - | - | 1250281 | 1250031 | 0.0% |
| Total | 2987772 | 16386425 | 18123916 | 114053 | - | - | 1250281 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Union Street Trust

- **b. Investment Company Act file number:** 811-02460

- **c. CIK number of Registrant:** 0000035330

- **d. LEI of Registrant:** PBW6G07X0IFDZ7S9VM68

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Arizona Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000007497

- **c. LEI of Series:** WGF4JR3GCQYDH0K0YS20

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $119313845.07

**Total Liabilities:** $2886846.50

**Net Assets:** $116426998.57

**Delayed Delivery Securities:** $2553336.65

**Cash Not Reported:** $1305417.86

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 5417.59323415 | **1-Year:** 16260.52369166 | **5-Year:** 27897.86825769 | **10-Year:** 22796.43149689 | **30-Year:** 3074.22883350

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

- **3-Month:** 257.21627999 | **1-Year:** 809.98486820 | **5-Year:** 1330.55091575 | **10-Year:** 961.93198360 | **30-Year:** 198.19875000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020471 | -1.42%               | -0.83%               | -0.22%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-214792.72              | $-1860550.17                               |
| Month 2  | $206.98                  | $-1239359.90                               |
| Month 3  | $205.98                  | $-544846.52                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                      | MARICOPA C 5% 9/1/2029                                                           | CUSIP: 56678PAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $325174.56    | 0.28%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX CIVIC IMPROVEMENT CORP                                                 | PHOENIX CIVIC I 5% 7/1/2035                                                      | CUSIP: 718846AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037502.90   | 0.89%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                       | MARICOPA IDA 4% 1/1/2045                                                         | CUSIP: 56682HDA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $888796.70    | 0.76%             | 2045-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH LEASE REVENUES AUTH                                   | PHOENIX AZ IDAL 5.125% 2/1/2034                                                  | CUSIP: 71885MAQ5<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    500000 | PA      | $471798.15    | 0.41%             | 2034-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA SR LIVING                                                 | MARICOPA CNTY AZ 6% 1/1/2048                                                     | CUSIP: 56682PBU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $388512.60    | 0.33%             | 2048-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ SD NO 1 PH EL                                                 | MARICOPA AZ SD1 5% 7/1/2041                                                      | CUSIP: 566865LR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1355585.01   | 1.16%             | 2041-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BULLHEAD CITY ARIZ EXCISE TAXES REV                                            | BULLHEAD CITY 2.55% 7/1/2046                                                     | CUSIP: 12022MBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1943279.10   | 1.67%             | 2046-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                 | PHX CVC APT REV 5% 7/1/2030 @                                                    | CUSIP: 71883MQN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2129624.20   | 1.83%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST UNIV REVS                                                           | ARIZONA ST UIV 5% 7/1/2043                                                       | CUSIP: 040664AT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $2972131.70   | 2.55%             | 2043-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV                                                 | YUMA AZ HOSP 5.25% 8/1/2044                                                      | CUSIP: 988514DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029306.90   | 0.88%             | 2044-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH REV                                                   | AZ BANNER HLTH SPMUV7DY+81 1/1/37                                                | CUSIP: 040507HN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $961998.93    | 0.83%             | 2037-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV                                                 | PHX CHILDRENS HOSP 19B L=TD V1                                                   | CUSIP: 04052EAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200000.00   | 1.03%             | 2048-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BUCKEYE ARIZ UN HIGH SCH DIST NO 201                                           | BUCKEYE AZ SD 5% 7/1/2032                                                        | CUSIP: 118106KR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $888203.28    | 0.76%             | 2032-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY AZ UNI SCH DIST NO 20 MARICOPA                                      | PINAL CNTY AZ U 5% 7/1/2032                                                      | CUSIP: 72220EFA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $165539.87    | 0.14%             | 2032-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ EXCISE TAX REV                                                        | TEMPE AZ EX TAX 5% 7/1/28                                                        | CUSIP: 87971HKC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $320320.19    | 0.28%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY AZ UNIV REVS                                                        | UNIV AZ 5% 8/1/2028                                                              | CUSIP: 040484XF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $957136.68    | 0.82%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOLLESON AZ UHSD #214                                                          | TOLLESON AZ UHS 5% 7/1/2041                                                      | CUSIP: 567527WV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1487599.40   | 1.28%             | 2041-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY AZ UNI SCH DIST NO 20 MARICOPA                                      | PINAL CNTY AZ U 5% 7/1/2035                                                      | CUSIP: 72220EFD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $305153.72    | 0.26%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY AZ INDL DEV AUTH HOSP REV                                         | YAVAPAI AZ IDA 5% 8/1/2026                                                       | CUSIP: 985900EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $609945.54    | 0.52%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                      | MARI AZ HONORHLTH 24B L=JP V1                                                    | CUSIP: 56678PCQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.43%             | 2048-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MESA AZ UTIL SYS REV                                                           | MESA AZ UTIL 3% 7/1/2040                                                         | CUSIP: 590545XC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $79356.98     | 0.07%             | 2040-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SCOTTSDALE                                                                     | SCOTTSDALE AZ 4% 7/1/32                                                          | CUSIP: 810454AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $405688.88    | 0.35%             | 2032-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                            | PR ST 5.625% 7/1/2027                                                            | CUSIP: 74514L3G0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51312.17     | 0.04%             | 2027-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PARADISE VLY USD AZ #69                                                        | PARADISE VLY SD 5% 7/1/2036                                                      | CUSIP: 567373S89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1666503.30   | 1.43%             | 2036-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH REV                                                 | PIMA AZ IDA 4% 4/1/2037                                                          | CUSIP: 721901KR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $396466.35    | 0.34%             | 2037-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                 | PHX CVC APT REV 5% 7/1/2031                                                      | CUSIP: 71883MMQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064359.40   | 1.77%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT VERDE FINL CORP GAS REV AZ                                                | SALT VERDE G=CG 5.5% 12/01/29                                                    | CUSIP: 79575EAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3190300.50   | 2.74%             | 2029-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHANDLER ARIZ EXCISE TAX REV                                                   | CHANDLER AZ EXC 3% 7/1/2034                                                      | CUSIP: 158855DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $278422.50    | 0.24%             | 2034-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                 | PHX CVC APT REV 5% 7/1/2033 @                                                    | CUSIP: 71883MPR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $289507.60    | 0.25%             | 2033-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| QUEEN CREEK AZ EXCISE TAX and ST SHARED REV                                    | QUEEN CRK AZ 5% 8/1/2038                                                         | CUSIP: 74823YGV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $261637.97    | 0.22%             | 2038-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT RIVER PROJ AZ AGRIC and PWR                                               | SALT RIVER AZ 5% 1/1/2037                                                        | CUSIP: 79574CDX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $930881.16    | 0.80%             | 2037-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                 | PHX CVC APT REV 5% 7/1/2035 @                                                    | CUSIP: 71883MLB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2452272.28   | 2.11%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PARADISE VLY USD AZ #69                                                        | PARADISE VLY SD 5% 7/1/2031                                                      | CUSIP: 567373P82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116512.19    | 0.10%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHERN AZ UNIV REVS                                                          | NORTHERN AZ U 5% 6/1/37                                                          | CUSIP: 6647546B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048890.50   | 0.90%             | 2037-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MESA AZ UTIL SYS REV                                                           | MESA AZ UTIL 3.25% 7/1/2040                                                      | CUSIP: 590545YS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $301904.26    | 0.26%             | 2040-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SALT VERDE FINL CORP GAS REV AZ                                                | SALT VERDE AZ FINL CORP SR GASGUARANTOR CITIGROUP                                | CUSIP: 79575EAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $3008745.61   | 2.58%             | 2037-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP                          | VIRGIN ILSD TRI 5% 9/1/2042                                                      | CUSIP: 927686AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $342988.75    | 0.29%             | 2042-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MESA AZ UTIL SYS REV                                                           | MESA AZ UTIL 3.25% 7/1/2041                                                      | CUSIP: 590545YT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $577738.68    | 0.50%             | 2041-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY AZ UNIV REVS                                                        | UNIV AZ 5% 6/1/2031                                                              | CUSIP: 040484G35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1983942.00   | 1.70%             | 2031-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ CIVIC IMPT CORP DISTR REV                                         | PHOENIX ARIZ CIVIC IMPT CORP DISTR REV CONV CAP APPREC CIVIC PLAZA-B FGIC        | CUSIP: 71884WBC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2311470.60   | 1.99%             | 2038-07-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                      | MARICOPA C 5% 9/1/2034                                                           | CUSIP: 56678PAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $705642.80    | 0.61%             | 2034-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARANA USD NO 6                                                                | PIMA AZ USD6 5% 7/1/2043                                                         | CUSIP: 721812SM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515218.65    | 0.44%             | 2043-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST TRANSN BRD                                                          | AZ ST GARVEE 5% 7/1/2031                                                         | CUSIP: 040647EQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $398040.07    | 0.34%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REV                                                     | TEMPE IDA 4% 12/1/2046                                                           | CUSIP: 87972MBS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $823504.60    | 0.71%             | 2046-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CENTRAL ARIZ WTR CONSV DIST WTR DELIVERY O and M REV                           | CNTRL AZ WTR 5% 1/1/36                                                           | CUSIP: 15240AAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503319.20    | 0.43%             | 2036-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY AZ UNI SCH DIST NO 20 MARICOPA                                      | PINAL CNTY AZ U 5% 7/1/2036                                                      | CUSIP: 72220EFE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $687450.88    | 0.59%             | 2036-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STUDENT and ACADEMIC SVCS LLC ARIZ LEASE REV                                   | STUDENT and ACADEM 5% 6/1/2039                                                   | CUSIP: 86386TBK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1447703.38   | 1.24%             | 2039-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV | PR AFICA HOSP 5% 7/1/2027                                                        | CUSIP: 74527EFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $266113.07    | 0.23%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ USD NO 1 TUCSON                                                   | PIMA CO AZ USD 5% 7/1/2042                                                       | CUSIP: 721799J70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $915681.73    | 0.79%             | 2042-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY AZ INDL DEV AUTH HOSP REV                                         | YAVAPAI AZ IDA 5% 8/1/2027                                                       | CUSIP: 985900EN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $646379.13    | 0.56%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ CHANDLER UNIFIED SCHOOL DISTRICT#80                           | CHANDLER USD#80 3% 7/1/2038                                                      | CUSIP: 567389ZC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $345161.32    | 0.30%             | 2038-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ UN HI SCH DST 205                                                  | GLENDALE AZ SD 4% 7/1/2038                                                       | CUSIP: 378334PD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972685.00    | 0.84%             | 2038-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY AZ UNI SCH DIST NO 20 MARICOPA                                      | PINAL CNTY AZ U 5% 7/1/2030                                                      | CUSIP: 72220EEY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $369087.10    | 0.32%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SCOTTSDALE AZ USD #48                                                          | MARICOPA USD 48 5% 7/1/2033                                                      | CUSIP: 567288UB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3015000 | PA      | $3103024.73   | 2.67%             | 2033-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ UN HI SCH DST 205                                                  | GLENDALE AZ SD 5% 7/1/2035                                                       | CUSIP: 378334QK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $554277.90    | 0.48%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                            | PR ST 5.75% 7/1/2031                                                             | CUSIP: 74514L3J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $390541.79    | 0.34%             | 2031-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                      | MARICOPA C 4% 9/1/2051                                                           | CUSIP: 56678PBM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1253633.40   | 1.08%             | 2051-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV                                                 | ARIZONA INDL DL 4% 2/1/2050                                                      | CUSIP: 04052EAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $1649514.50   | 1.42%             | 2050-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ SCH DIST #28 KYRENE ELEM                                      | KYRENE AZ SD 28 5% 7/1/2037                                                      | CUSIP: 567137P99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024745.00   | 0.88%             | 2037-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| QUEEN CREEK AZ EXCISE TAX and ST SHARED REV                                    | QUEEN CRK AZ 5% 8/1/2039                                                         | CUSIP: 74823YGW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $270527.13    | 0.23%             | 2039-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ EXCISE TAX REV                                                        | TEMPE AZ EX TAX 5% 7/1/30                                                        | CUSIP: 87971HKE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $330142.83    | 0.28%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| QUEEN CREEK AZ EXCISE TAX and ST SHARED REV                                    | QUEEN CRK AZ 5% 8/1/2040                                                         | CUSIP: 74823YGX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $376329.56    | 0.32%             | 2040-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX CIVIC IMPROVEMENT CORP                                                 | PHOENIX CIVIC I 5% 7/1/2029                                                      | CUSIP: 718846AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196535.79    | 0.17%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ SCH DIST #28 KYRENE ELEM                                      | KYRENE AZ SD 4% 7/1/29                                                           | CUSIP: 567137D92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650416.20    | 0.56%             | 2029-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ EXCISE TAX REV                                                        | TEMPE AZ EX TAX 5% 7/1/31                                                        | CUSIP: 87971HKG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $380694.64    | 0.33%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                       | MARICOPA IDA(BANNER HLTH SYS) 3% 1/1/49                                          | CUSIP: 56682HCZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2047072.20   | 1.76%             | 2049-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PHOENIX UHSD #210                                                              | PHOENIX UHSD #2 5% 7/1/2032                                                      | CUSIP: 567505QP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1236463.12   | 1.06%             | 2032-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV                                                 | PHX CHILDRENS HOSP 19A L=TD V1                                                   | CUSIP: 04052EAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3065000 | PA      | $3065000.00   | 2.63%             | 2048-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| SCOTTSDALE AZ USD #48                                                          | SCOTTSDALE AZ U 4% 7/1/2034                                                      | CUSIP: 567288VS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $355531.12    | 0.31%             | 2034-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PHOENIX UHSD #210                                                              | PHOENIX UHSD #2 5% 7/1/2034                                                      | CUSIP: 567505QR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $609519.16    | 0.52%             | 2034-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY AZ INDL DEV AUTH HOSP REV                                         | YAVAPAI AZ IDA 4% 8/1/2043                                                       | CUSIP: 985900ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $309052.17    | 0.27%             | 2043-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                      | MARICOPA C 3% 9/1/2051                                                           | CUSIP: 56678PBL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2050662.60   | 1.76%             | 2051-09-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PARADISE VLY USD AZ #69                                                        | PARADISE VLY SD 3% 7/1/2034                                                      | CUSIP: 567373J71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $245474.03    | 0.21%             | 2034-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV | PR AFICA HOSP 4% 7/1/2041                                                        | CUSIP: 74527EFX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $42842.85     | 0.04%             | 2041-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARIZONA GAME and FISH DEPT and COMMN BENIFICAL INT CTFS                        | AZ GAME and FISH DEPT and COMMN BENIFICIAL INT CTFS AGF ADMINISTRATION BLDG PROJ | CUSIP: 04051JAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $470491.10    | 0.40%             | 2032-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH HOSP REV                                      | MARICOPA C 5% 9/1/2033                                                           | CUSIP: 56678PAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $285783.49    | 0.25%             | 2033-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ EXCISE TAX REV                                                        | TEMPE AZ EX TAX 5% 7/1/29                                                        | CUSIP: 87971HKD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508178.30    | 0.44%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH LEASE REV                                                | ARIZONA INDL DA 4% 9/1/2046                                                      | CUSIP: 04052HBG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $873108.10    | 0.75%             | 2046-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| APACHE CNTY ARIZ UNI SCH DISTNO 8 WINDOW ROCK IMPACT AID REV                   | APACH AZ 03745T 5% 7/1/2035                                                      | CUSIP: 03745TBH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530607.10    | 0.46%             | 2035-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUCKEYE ARIZ UN HIGH SCH DIST NO 201                                           | BUCKEYE AZ SD 5% 7/1/2029                                                        | CUSIP: 118106KN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $456535.81    | 0.39%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ SPL HEALTH CARE DIST                                        | MARICOPA CN HLT 5% 7/1/2036                                                      | CUSIP: 56756TAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030560.90   | 0.89%             | 2036-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ UN HI SCH DST 205                                                  | GLENDALE AZ SD 4% 7/1/2039                                                       | CUSIP: 378334PE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951037.00    | 0.82%             | 2039-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VIRGIN ISLANDS TRANSPORTATION and INFRASTRUCTURE CORP                          | VIRGIN ILSD TRI 5% 9/1/2033                                                      | CUSIP: 927686AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $234813.52    | 0.20%             | 2033-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA SR LIVING                                                 | MARICOPA CNTY AZ 5.75% 1/1/2036                                                  | CUSIP: 56682PBT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $447026.40    | 0.38%             | 2036-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| APACHE CNTY ARIZ UNI SCH DISTNO 8 WINDOW ROCK IMPACT AID REV                   | APACH AZ 03745T 5% 7/1/2036                                                      | CUSIP: 03745TBJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527510.30    | 0.45%             | 2036-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV                                                 | ARIZONA INDL DL 3% 2/1/2045                                                      | CUSIP: 04052EAX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $840940.84    | 0.72%             | 2045-02-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SALT RIVER PROJ AZ AGRIC and PWR                                               | SALT RIVER AZ 5% 1/1/2047                                                        | CUSIP: 79574CFL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $302093.69    | 0.26%             | 2047-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX-MESA GATEWAY ARPT AUTH ARIZ SPL FAC REV                                | PHOENIX-MESA ARPT AZ 5 7/1/27@                                                   | CUSIP: 71910EAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400108.40    | 0.34%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH LEASE REV                                                | ARIZONA INDL DA 4% 9/1/2035                                                      | CUSIP: 04052HBA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196651.08    | 0.17%             | 2035-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST UNIV REVS                                                           | ARIZONA ST UIV 5% 7/1/2039                                                       | CUSIP: 040664AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $403677.96    | 0.35%             | 2039-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLENDALE ARIZ INDL DEV AUTH REV                                                | GLENDL AZ IDA 5% 7/1/33                                                          | CUSIP: 378286JR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $436359.42    | 0.37%             | 2033-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH STUDENT HSG REV                                       | PHOENIX IDA STU 5% 7/1/2036                                                      | CUSIP: 71885DEA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1178567.18   | 1.01%             | 2036-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                   | Fidelity Municipal Cash Central Fund                                             | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   1250031 | NS      | $1250281.20   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ARIZONA ST UNIV REVS                                                           | AZ ST UNIV 5% 7/1/2040                                                           | CUSIP: 0406636M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $521682.77    | 0.45%             | 2040-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MCALLISTER ACADEMIC VLG AZ LLC                                                 | MCALLISTER ACAD 5% 7/1/37                                                        | CUSIP: 579173CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2019064.40   | 1.73%             | 2037-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLENDALE ARIZ INDL DEV AUTH SR LIVING FACS REV                                 | GLENDALE AZ ID 5% 5/15/2056                                                      | CUSIP: 378287BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $832996.80    | 0.72%             | 2056-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOLLESON AZ UHSD #214                                                          | MARICOPA AZ SD4 5% 7/1/2031                                                      | CUSIP: 567527SL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $361842.32    | 0.31%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOODYEAR ARIZ WTR and SWR REV                                                  | GOODY AZ 382900 5% 7/1/2036                                                      | CUSIP: 382900FX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1580639.35   | 1.36%             | 2036-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY AZ INDL DEV AUTH HOSP REV                                         | YAVAPAI AZ IDA 5% 8/1/2025                                                       | CUSIP: 985900EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400855.12    | 0.34%             | 2025-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MESA AZ UTIL SYS REV                                                           | MESA AZ UTIL 4% 7/1/2035                                                         | CUSIP: 590545T90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007492.70   | 0.87%             | 2035-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BULLHEAD CITY ARIZ EXCISE TAXES REV                                            | BULLHEAD CITY 2.30% 7/1/2041                                                     | CUSIP: 12022MBA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $682660.90    | 0.59%             | 2041-07-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP COR WSTWTR                                                  | PHX CVC SWR 5% 7/1/33                                                            | CUSIP: 71883PKR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013804.40   | 0.87%             | 2033-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDL MED and ENVIRONMENTAL CTL FACS FING AUTH HOSP REV | PR AFICA HOSP 5% 7/1/2032                                                        | CUSIP: 74527EFN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $99140.58     | 0.09%             | 2032-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH REV                                                      | ARIZONA INDL DE 3.625% 5/20/2033                                                 | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1588231 | PA      | $1501906.18   | 1.29%             | 2033-05-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY AZ UNI SCH DIST NO 20 MARICOPA                                      | PINAL CNTY AZ U 5% 7/1/2031                                                      | CUSIP: 72220EEZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $246368.21    | 0.21%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                            | PR ST 0% 7/1/2033                                                                | CUSIP: 74514L3R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435874 | PA      | $294915.18    | 0.25%             | 2033-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| QUEEN CREEK AZ EXCISE TAX and ST SHARED REV                                    | QUEEN CRK AZ 5% 8/1/2037                                                         | CUSIP: 74823YGU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $148745.03    | 0.13%             | 2037-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH LEASE REV                                                | ARIZONA INDL DA 4% 9/1/2036                                                      | CUSIP: 04052HBB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $347088.58    | 0.30%             | 2036-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                 | PHX CVC APT REV 4% 7/1/2037 @                                                    | CUSIP: 71883MPV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1674502.55   | 1.44%             | 2037-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| QUEEN CREEK AZ EXCISE TAX and ST SHARED REV                                    | QUEEN CRK AZ 5% 8/1/2030                                                         | CUSIP: 74823YGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $257728.21    | 0.22%             | 2030-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CVC IMP CRP APR REV                                                 | PHX CVC APT REV 5% 7/1/2033 @                                                    | CUSIP: 71883MKZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25380.09     | 0.02%             | 2033-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV                                                 | ARIZONA INDL DL 5% 2/1/2040                                                      | CUSIP: 04052EAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $715897.63    | 0.61%             | 2040-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ USD #40                                                            | GLENDALE AZ USD 2% 7/1/2035                                                      | CUSIP: 567201PS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1575365.55   | 1.35%             | 2035-07-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| GLENDALE ARIZ INDL DEV AUTH REV                                                | GLENDL AZ IDA 4% 7/1/28                                                          | CUSIP: 378286JQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $211590.83    | 0.18%             | 2028-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH STUDENT HSG REV                                       | PHOENIX IDA STU 5% 07/01/42                                                      | CUSIP: 71885DDH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1437979.50   | 1.24%             | 2042-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT RIVER PROJ AZ AGRIC and PWR                                               | SALT RIVER AZ 5% 1/1/2035                                                        | CUSIP: 79574CDV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $421634.18    | 0.36%             | 2035-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MESA AZ UTIL SYS REV                                                           | MESA UTILITY SER A 5% 7/1/2043                                                   | CUSIP: 590545J42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2059019.29   | 1.77%             | 2043-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY AZ UNI SCH DIST NO 20 MARICOPA                                      | PINAL CNTY AZ U 5% 7/1/2034                                                      | CUSIP: 72220EFC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $304987.84    | 0.26%             | 2034-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY AZ INDL DEV AUTH HOSP REV                                         | YAVAPAI AZ IDA 5% 8/1/36                                                         | CUSIP: 985900EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1312100.77   | 1.13%             | 2036-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUCKEYE ARIZ UN HIGH SCH DIST NO 201                                           | BUCKEYE AZ SD 5% 7/1/2031                                                        | CUSIP: 118106KQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $770533.05    | 0.66%             | 2031-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                 | CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@                                              | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3056031.30   | 2.62%             | 2052-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY AZ UNI SCH DIST NO 20 MARICOPA                                      | PINAL CNTY AZ U 5% 7/1/2033                                                      | CUSIP: 72220EFB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $249602.42    | 0.21%             | 2033-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ SCH DIST #3 TEMPE ELEM                                        | MARICOPA AZ SD3 5% 7/1/2039                                                      | CUSIP: 566880YF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $432242.92    | 0.37%             | 2039-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH REV                                                 | PIMA AZ IDA 4% 4/1/2046                                                          | CUSIP: 721901KW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2578827.00   | 2.21%             | 2046-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MCALLISTER ACADEMIC VLG AZ LLC                                                 | MCALLISTER ACAD 5% 7/1/38                                                        | CUSIP: 579173CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3880710.30   | 3.33%             | 2038-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT RIVER PROJ AZ AGRIC and PWR                                               | SALT RIVER AZ 5.25% 1/1/53                                                       | CUSIP: 79574CFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1452988.04   | 1.25%             | 2053-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CTL CORP                                                 | COCONINO AZ PC 4.125% 9/1/2032 @                                                 | CUSIP: 191855BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999254.60    | 0.86%             | 2032-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                            | PR ST 5.625% 7/1/2029                                                            | CUSIP: 74514L3H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157163.99    | 0.13%             | 2029-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer