# EDGAR Filing Document

**Accession Number:** 0000714287
**File Stem:** 0001410368-26-019299
**Filing Date:** 2026-2
**Character Count:** 74457
**Document Hash:** 9f45fe6409bbb42e073fcbfbd22753a2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-019299.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001410368-26-019299

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS STATE TAX-FREE INCOME SERIES
- **CENTRAL INDEX KEY:** 0000714287

**ORGANIZATION NAME:**
- **EIN:** 363221104
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03657
- **FILM NUMBER:** 26686850

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE STATE TAX-FREE INCOME SERIES
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS STATE TAX-FREE INCOME SERIES
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER STATE TAX-FREE INCOME SERIES
- **DATE OF NAME CHANGE:** 20010625

## Series and Classes Contracts Data

### DWS Massachusetts Tax-Free Fund (Series ID: S000033433)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000102799 | Class A             | SQMAX           |
| C000102801 | Class C             | SQMCX           |
| C000102802 | Class S             | SCMAX           |
| C000223772 | Institutional Class | DMAIX           |

## Nport-Ex

Investment Portfolio**as of December 31, 2025 (Unaudited)** 

**DWS Massachusetts Tax-Free Fund** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount ($)**<br>| **Value ($)** |
| **Municipal Investments 97.6%** | **Municipal Investments 97.6%** |  |
| **Massachusetts 92.9%** | **Massachusetts 92.9%** |  |
| Attleboro, MA, General Obligation, 4.0%, 2/15/2049  | 4000000 | &nbsp;&nbsp; 3745252 |
| Cambridge, MA, General Obligation, 4.0%, 2/15/2042  | 2150000 | &nbsp;&nbsp; 2167155 |
| Massachusetts, Clean Water Trust, State Revolving Fund: |  |  |
| &nbsp;&nbsp;&nbsp; Series 25B, 5.0%, 2/1/2042  | 300000 | &nbsp;&nbsp; 325643 |
| &nbsp;&nbsp;&nbsp; Series 25B, 5.0%, 2/1/2043  | 1000000 | &nbsp;&nbsp; 1076734 |
| &nbsp;&nbsp;&nbsp; Series 25B, 5.0%, 2/1/2044  | 300000 | &nbsp;&nbsp; 320887 |
| Massachusetts, Development Finance Agency Revenue Bond, CHF Merrimack, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 7/1/2054  | 1200000 | &nbsp;&nbsp; 1155605 |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.0%, 7/1/2060  | 1100000 | &nbsp;&nbsp; 1045175 |
| &nbsp;&nbsp;&nbsp; Massachusetts, Development Finance Agency Revenue Bond, NewBridge on the <br> Charles, Inc., Obligated Group:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 10/1/2047  | 1000000 | &nbsp;&nbsp; 989266 |
| &nbsp;&nbsp;&nbsp; 144A, 5.0%, 10/1/2057  | 2000000 | &nbsp;&nbsp; 1923925 |
| &nbsp;&nbsp;&nbsp; Massachusetts, Development Finance Agency Revenue, Care Communities LLC <br> Obligated Group, Series A-1, 144A, 6.5%, 7/15/2060 <br>| 1000000 | &nbsp;&nbsp; 992231 |
| &nbsp;&nbsp;&nbsp; Massachusetts, Development Finance Agency Revenue, President and Fellows of <br> Harvard College:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 2/15/2033  | 1375000 | &nbsp;&nbsp; 1593278 |
| &nbsp;&nbsp;&nbsp; Series A-2, 5.0% (a), 5/15/2055  | 1335000 | &nbsp;&nbsp; 1574533 |
| &nbsp;&nbsp;&nbsp; Massachusetts, Development Finance Agency Revenue, PRG Medford Properties, Inc., <br> Tufts University Student Housing Project, 5.5%, 6/1/2050 <br>| 1000000 | &nbsp;&nbsp; 1073209 |
| &nbsp;&nbsp;&nbsp; Massachusetts, Development Finance Agency, National Charter School, Equitable <br> School Revenue, Series C, 4.0%, 11/1/2051 <br>| 3455000 | &nbsp;&nbsp; 2967306 |
| &nbsp;&nbsp;&nbsp; Massachusetts, Educational Financing Authority Revenue, Series B, AMT, 5.0%, <br> 7/1/2028 <br>| 1750000 | &nbsp;&nbsp; 1816631 |
| Massachusetts, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 3.0%, 4/1/2048  | 2000000 | &nbsp;&nbsp; 1542546 |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 2/1/2042  | 1000000 | &nbsp;&nbsp; 1002109 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 7/1/2048  | 5000000 | &nbsp;&nbsp; 5140078 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 5/1/2053  | 4820000 | &nbsp;&nbsp; 4978876 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 5/1/2054  | 1500000 | &nbsp;&nbsp; 1556107 |
| &nbsp;&nbsp;&nbsp; Series G, 5.0%, 12/1/2055  | 2000000 | &nbsp;&nbsp; 2084586 |
| &nbsp;&nbsp;&nbsp; Series C, 5.25%, 10/1/2047  | 2500000 | &nbsp;&nbsp; 2652406 |
| &nbsp;&nbsp;&nbsp; Massachusetts, Massachusetts Municipal Wholesale Electric Co., Project 2015A, <br> Series A, 4.0%, 7/1/2051 <br>| 1000000 | &nbsp;&nbsp; 915176 |
| Massachusetts, State Bay Transportation Authority, Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A-2, 5.0%, 7/1/2043  | 4960000 | &nbsp;&nbsp; 5033893 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 7/1/2054  | 1665000 | &nbsp;&nbsp; 1768474 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Department of Transportation, Metropolitan Highway Systems <br> Revenue, Series A-2, 2.4% (b), 1/7/2026, LOC: TD Bank NA <br>| 1400000 | &nbsp;&nbsp; 1400000 |
| Massachusetts, State Development Finance Agency Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 2.3%, 1/1/2042  | 978838 | &nbsp;&nbsp; 730777 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2044  | 1500000 | &nbsp;&nbsp; 1482872 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue Bond, Southcoast Health <br> System Obligated Group, Series G, 4.0%, 7/1/2046 <br>| 3325000 | &nbsp;&nbsp; 2924909 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Bentley University, <br> Series A, 4.0%, 7/1/2039 <br>| 500000 | &nbsp;&nbsp; 505656 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Berklee College of Music, <br> Inc., 5.0%, 10/1/2037 <br>| 2000000 | &nbsp;&nbsp; 2021187 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Beth Israel Lahey Health <br> Issue:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series K, 5.0%, 7/1/2035  | 750000 | &nbsp;&nbsp; 794404 |
| &nbsp;&nbsp;&nbsp; Series N, 5.5%, 7/1/2050, INS: AG  | 1500000 | &nbsp;&nbsp; 1598841 |
| Massachusetts, State Development Finance Agency Revenue, Boston University: |  |  |
| &nbsp;&nbsp;&nbsp; Series BB2, 4.0%, 10/1/2036  | 355000 | &nbsp;&nbsp; 355863 |
| &nbsp;&nbsp;&nbsp; Series B-2, 4.0%, 10/1/2048  | 1500000 | &nbsp;&nbsp; 1409282 |
| Massachusetts, State Development Finance Agency Revenue, Brandeis University: |  |  |
| &nbsp;&nbsp;&nbsp; Series S-1, 5.0%, 10/1/2040  | 665000 | &nbsp;&nbsp; 698779 |
| &nbsp;&nbsp;&nbsp; Series T, 5.0% (a), 10/1/2055  | 1125000 | &nbsp;&nbsp; 1283810 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Carleton-Willard Homes, <br> Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.0%, 12/1/2042  | 490000 | &nbsp;&nbsp; 458970 |
| &nbsp;&nbsp;&nbsp; 5.0%, 12/1/2042  | 1050000 | &nbsp;&nbsp; 1062999 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Children's Hospital Corp. <br> Obligated Group, Series T, 5.25%, 3/1/2054 <br>| 2000000 | &nbsp;&nbsp; 2110256 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Franklin W Olin College <br> of Engineering, Inc., Series G, 5.25%, 11/1/2051 <br>| 2000000 | &nbsp;&nbsp; 2096872 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, GingerCare Living, Inc., <br> Obligated Group, Series A, 144A, 5.875%, 12/1/2060 <br>| 1000000 | &nbsp;&nbsp; 917050 |
| Massachusetts, State Development Finance Agency Revenue, Lasell Village, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 7/1/2050  | 1000000 | &nbsp;&nbsp; 1008229 |
| &nbsp;&nbsp;&nbsp; 5.25%, 7/1/2055  | 1000000 | &nbsp;&nbsp; 1003576 |
| Massachusetts, State Development Finance Agency Revenue, Loomis Obligated Group: |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021, 4.0%, 1/1/2036  | 400000 | &nbsp;&nbsp; 401769 |
| &nbsp;&nbsp;&nbsp; 144A, 4.0%, 1/1/2051  | 1045000 | &nbsp;&nbsp; 893439 |
| Massachusetts, State Development Finance Agency Revenue, Merrimack College: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 7/1/2042  | 475000 | &nbsp;&nbsp; 423039 |
| &nbsp;&nbsp;&nbsp; Series B, 4.0%, 7/1/2050  | 2825000 | &nbsp;&nbsp; 2309273 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Northeastern University, <br> Series A, 5.0%, 10/1/2042 <br>| 2000000 | &nbsp;&nbsp; 2195644 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Partners Healthcare <br> System, Inc.:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series O-1, 4.0%, 7/1/2045  | 1000000 | &nbsp;&nbsp; 915472 |
| &nbsp;&nbsp;&nbsp; Series S-1, 5.0%, 7/1/2037  | 1405000 | &nbsp;&nbsp; 1451904 |
| &nbsp;&nbsp;&nbsp; Series D, 5.0%, 7/1/2047  | 2000000 | &nbsp;&nbsp; 2073863 |
| Massachusetts, State Development Finance Agency Revenue, Salem Community Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.125%, 1/1/2040  | 1020000 | &nbsp;&nbsp; 1024095 |
| &nbsp;&nbsp;&nbsp; 5.25%, 1/1/2050  | 2675000 | &nbsp;&nbsp; 2478039 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Seven Hill Foundation, <br> 4.0%, 9/1/2048 <br>| 1000000 | &nbsp;&nbsp; 861670 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Springfield College, <br> Series A, 4.0%, 6/1/2056 <br>| 1895000 | &nbsp;&nbsp; 1430527 |
| Massachusetts, State Development Finance Agency Revenue, Suffolk University: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 7/1/2035  | 2225000 | &nbsp;&nbsp; 2244871 |
| &nbsp;&nbsp;&nbsp; 5.0%, 7/1/2036  | 2450000 | &nbsp;&nbsp; 2467589 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, The Broad Institute, Inc., <br> 5.0%, 4/1/2037 <br>| 875000 | &nbsp;&nbsp; 897702 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Woods Hole <br> Oceanographic Institution:<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 6/1/2029  | 1685000 | &nbsp;&nbsp; 1775632 |
| &nbsp;&nbsp;&nbsp; 5.0%, 6/1/2031  | 1845000 | &nbsp;&nbsp; 1942953 |
| &nbsp;&nbsp;&nbsp; 5.0%, 6/1/2032  | 470000 | &nbsp;&nbsp; 494181 |
| &nbsp;&nbsp;&nbsp; 5.0%, 6/1/2048  | 3500000 | &nbsp;&nbsp; 3549640 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Development Finance Agency Revenue, Worcester Polytechnic <br> Institute, 5.0%, 9/1/2034 <br>| 485000 | &nbsp;&nbsp; 490796 |

---

------

---

| | | |
|:---|:---|:---|
| Massachusetts, State Educational Financing Authority: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 3.0%, 7/1/2035  | 75000 | &nbsp;&nbsp; 75000 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 4.25%, 7/1/2032  | 550000 | &nbsp;&nbsp; 561003 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.0%, 7/1/2030  | 2725000 | &nbsp;&nbsp; 2898670 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Educational Financing Authority, Educational Loan Revenue <br> Bonds, Issue M, Series B, AMT, 3.625%, 7/1/2038 <br>| 2100000 | &nbsp;&nbsp; 2091702 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Health & Educational Facilities Authority Revenue, Amherst <br> College, Series J-1, 5.0%, 11/1/2035 <br>| 500000 | &nbsp;&nbsp; 600510 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Health & Educational Facilities Authority Revenue, Mass General <br> Brigham, Inc., Series F-3, 2.81% (b), 1/7/2026, LOC: TD Bank NA <br>| 2350000 | &nbsp;&nbsp; 2350000 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Health & Educational Facilities Authority Revenue, Massachusetts <br> Institute of Technology, Series J-2, 1.8% (b), 1/2/2026 <br>| 100000 | &nbsp;&nbsp; 100000 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Health & Educational Facilities Authority Revenue, Tufts <br> University:<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series M, 5.5%, 2/15/2027  | 1705000 | &nbsp;&nbsp; 1763515 |
| &nbsp;&nbsp;&nbsp; Series M, 5.5%, 2/15/2028  | 1000000 | &nbsp;&nbsp; 1064642 |
| Massachusetts, State Housing Finance Agency Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series 223, 3.0%, 6/1/2047  | 2320000 | &nbsp;&nbsp; 2291387 |
| &nbsp;&nbsp;&nbsp; Series 215, 4.0%, 12/1/2050  | 1330000 | &nbsp;&nbsp; 1344341 |
| Massachusetts, State Housing Finance Agency, Single Family Housing Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series 218, 3.0%, 12/1/2050  | 720000 | &nbsp;&nbsp; 712940 |
| &nbsp;&nbsp;&nbsp; Series 220, 3.0%, 12/1/2050  | 1570000 | &nbsp;&nbsp; 1550100 |
| &nbsp;&nbsp;&nbsp; Series 222, 3.0%, 6/1/2051  | 720000 | &nbsp;&nbsp; 708462 |
| &nbsp;&nbsp;&nbsp; Series 224, 5.0%, 6/1/2050  | 600000 | &nbsp;&nbsp; 625930 |
| Massachusetts, State Port Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 7/1/2034  | 1000000 | &nbsp;&nbsp; 1020849 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 7/1/2037  | 5055000 | &nbsp;&nbsp; 5308521 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2040  | 3500000 | &nbsp;&nbsp; 3503213 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 7/1/2044  | 2500000 | &nbsp;&nbsp; 2566380 |
| Massachusetts, State Port Authority, Special Facilities Revenue, Bosfuel Corp. Project: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.0%, 7/1/2044  | 4000000 | &nbsp;&nbsp; 3723985 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 7/1/2033  | 895000 | &nbsp;&nbsp; 948250 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 7/1/2034  | 2750000 | &nbsp;&nbsp; 2902509 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.0%, 7/1/2035  | 1000000 | &nbsp;&nbsp; 1052434 |
| Massachusetts, State School Building Authority, Sales Tax Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 8/15/2045  | 1400000 | &nbsp;&nbsp; 1457060 |
| &nbsp;&nbsp;&nbsp; Series A, 5.5%, 2/15/2055  | 1000000 | &nbsp;&nbsp; 1082094 |
| &nbsp;&nbsp;&nbsp; Massachusetts, State Transportation Fund Revenue, Rail Enhancement & Accelerated <br> Bridge Programs, Series A, 5.0%, 6/1/2048 <br>| 1500000 | &nbsp;&nbsp; 1522124 |
| Massachusetts, State Transportation Fund Revenue, Rail Enhancement Project: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 3.0%, 6/1/2050  | 3000000 | &nbsp;&nbsp; 2270716 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 6/1/2046  | 1125000 | &nbsp;&nbsp; 1159038 |
| Massachusetts, State Water Pollution Abatement Trust, Pool Program, 5.25%, 8/1/2031  | 4005000 | &nbsp;&nbsp; 4617847 |
| Massachusetts, State Water Resources Authority: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 8/1/2042  | 1250000 | &nbsp;&nbsp; 1360824 |
| &nbsp;&nbsp;&nbsp; Series B, 5.0%, 8/1/2043  | 620000 | &nbsp;&nbsp; 669212 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 8/1/2031, INS: AG  | 5130000 | &nbsp;&nbsp; 5912093 |
| &nbsp;&nbsp;&nbsp; Series B, 5.25%, 8/1/2032, INS: AG  | 2000000 | &nbsp;&nbsp; 2347042 |
| Massachusetts, Town of Winchester, General Obligation, 4.0%, 3/15/2039  | 835000 | &nbsp;&nbsp; 868213 |
| Somerville, MA, General Obligation, 4.0%, 5/1/2047  | 1000000 | &nbsp;&nbsp; 978611 |
| &nbsp;&nbsp;&nbsp; University of Massachusetts, State Building Authority Revenue, Series 3, 5.0%, <br> 11/1/2037 <br>| 3000000 | &nbsp;&nbsp; 3093814 |
| Worcester, MA, General Obligation, Series A, 5.0%, 1/15/2031, INS: AG  | 2205000 | &nbsp;&nbsp; 2209423 |
|  |  | &nbsp;&nbsp; **172939965** |
| **Guam 2.3%** | **Guam 2.3%** |  |
| &nbsp;&nbsp;&nbsp; Guam, Antonio B. Won Pat International Airport Authority Revenue, Series A, AMT, <br> 5.25%, 10/1/2042<br>| 600000 | &nbsp;&nbsp; 629499 |

---

------

---

| | | |
|:---|:---|:---|
| Guam, Government Waterworks Authority, Water & Wastewater System Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2041  | 650000 | &nbsp;&nbsp; 686836 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 7/1/2043  | 975000 | &nbsp;&nbsp; 1014482 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 1/1/2046  | 885000 | &nbsp;&nbsp; 903828 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 1/1/2050  | 180000 | &nbsp;&nbsp; 181127 |
| Guam, Power Authority Revenue: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2037  | 315000 | &nbsp;&nbsp; 321576 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2038  | 285000 | &nbsp;&nbsp; 290659 |
| &nbsp;&nbsp;&nbsp; Series A, 5.0%, 10/1/2040  | 200000 | &nbsp;&nbsp; 203314 |
|  |  | &nbsp;&nbsp; **4231321** |
| **Puerto Rico 2.4%** | **Puerto Rico 2.4%** |  |
| Puerto Rico, General Obligation: |  |  |
| &nbsp;&nbsp;&nbsp; Series A1, 4.0%, 7/1/2037  | 1000000 | &nbsp;&nbsp; 970366 |
| &nbsp;&nbsp;&nbsp; Series A1, 4.0%, 7/1/2041  | 622702 | &nbsp;&nbsp; 576395 |
| &nbsp;&nbsp;&nbsp; Series A1, 4.0%, 7/1/2046  | 1772826 | &nbsp;&nbsp; 1548766 |
| Puerto Rico, Sales Tax Financing Corp., Sales Tax Revenue, Series A-1, 5.0%, 7/1/2058 | 1500000 | &nbsp;&nbsp; 1446581 |
|  |  | &nbsp;&nbsp; **4542108** |
| **Total Municipal Investments** (Cost $185,624,648) | **Total Municipal Investments** (Cost $185,624,648) | &nbsp;&nbsp; **181713394** |
| **Underlying Municipal Bonds of Inverse Floaters (c) 2.8%** | **Underlying Municipal Bonds of Inverse Floaters (c) 2.8%** |  |
| **Massachusetts**  | **Massachusetts**  |  |
| &nbsp;&nbsp;&nbsp; Massachusetts, Commonwealth Transportation Fund Revenue, Series A, 5.0%, 6/1/2055 <br> (d) <br>(Cost $5,213,995)<br>| 5000000 | &nbsp;&nbsp; **5225846** |
| *Trust: Massachusetts, Commonwealth Transportation Fund Revenue, Series 2025-*<br> *XM1329, 144A, 14.99%, 6/1/2033, Leverage Factor at purchase date: 4 to 1*<br>|  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **% of Net**<br> **Assets**<br>| **Value ($)** |
| **Total Investment Portfolio** (Cost $190,838,643) | 100.4 | &nbsp;&nbsp; **186939240** |
| **Floating Rate Notes (c)** | (2.0)<br>| &nbsp;&nbsp; **(3750000)**<br>|
| **Other Assets and Liabilities, Net**  | 1.6 | &nbsp;&nbsp; **3049789** |
| **Net Assets** | 100.0 | &nbsp;&nbsp; **186239029** |

---

*For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *Variable or floating rate security. These securities are shown at their current rate as of December 31, 2025. For securities based* *on a published reference rate and spread, the reference rate and spread are indicated within the description above. Certain* *variable rate securities are not based on a published reference rate and spread but adjust periodically based on current market* *conditions, prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at* *the inherent rate, where applicable.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* *Variable rate demand notes are securities whose interest rates are reset periodically (usually daily mode or weekly mode) by* *remarketing agents based on current market levels, and are not directly set as a fixed spread to a reference rate. These securities* *may be redeemed at par by the holder through a put or tender feature, and are shown at their current rates as of December 31,* *2025. Date shown reflects the earlier of demand date or stated maturity date.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(c)* *Securities represent the underlying municipal obligations of inverse floating rate obligations held by the Fund. The Floating Rate* *Notes represents leverage to the Fund and is the amount owed to the floating rate note holders.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(d)* *Security forms part of the below inverse floater. The Fund accounts for these inverse floaters as a form of secured borrowing, by* *reflecting the value of the underlying bond in the investments of the Fund and the amount owed to the floating rate note holder as* *a liability.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*144A: Security exempt from registration under Rule 144A under the Securities Act of 1933. These securities may be resold in* <br> *transactions exempt from registration, normally to qualified institutional buyers.*<br>

------

---

| |
|:---|
| *AG: Assured Guaranty, Inc.* |
| *AMT: Subject to alternative minimum tax.* |
| *INS: Insured* |
| *LOC: Letter of Credit* |

---

***Fair Value Measurements***

*Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.* 

*The following is a summary of the inputs used as of December 31, 2025 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Municipal Investments (a) | $— | &nbsp;&nbsp; $186939240 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $186939240 |
| **Total** | **$—** | &nbsp;&nbsp; **$186939240** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$186939240** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Investment Portfolio for additional detailed categorizations.* 

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.

DMATF-PH3

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS STATE TAX-FREE INCOME SERIES

- **b. Investment Company Act file number:** 811-03657

- **c. CIK number of Registrant:** 0000714287

- **d. LEI of Registrant:** A0OY3S0CZH04WSJCJM64

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS Massachusetts Tax-Free Fund

- **b. EDGAR series identifier (if any):** S000033433

- **c. LEI of Series:** ZO62D1FX5Q0M9SDYED78

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $191392113.13

**Total Liabilities:** $4064495.57

**Net Assets:** $187327617.56

**Cash Not Reported:** $1392172.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -244.01000000 | **1-Year:** -7880.58000000 | **5-Year:** -28797.16000000 | **10-Year:** -54796.73000000 | **30-Year:** -22672.15000000

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

- **3-Month:** -26.68000000 | **1-Year:** -558.49000000 | **5-Year:** -2519.41000000 | **10-Year:** -7689.20000000 | **30-Year:** -4494.52000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000102799 | 1.09%                | 0.32%                | 0.09%                |
| Class ID C000102801 | 1.10%                | 0.26%                | -0.05%               |
| Class ID C000102802 | 1.11%                | 0.34%                | 0.12%                |
| Class ID C000223772 | 1.19%                | 0.34%                | 0.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12986.33               | $1710774.16                                |
| Month 2  | $84585.03                | $58098.11                                  |
| Month 3  | $54160.08                | $-423334.85                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| City of Attleboro MA                                                        | ATTLEBORO MA                                                 | CUSIP: 0498434C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3745252.00   | 2.00%             | 2049-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Cambridge MA                                                        | CAMBRIDGE MA                                                 | CUSIP: 132286BQ7<br>LEI: 5493000HFLXLJKCW6C15 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2167154.64   | 1.16%             | 2042-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                           | GUAM INTERNATIONAL ARPT AUTH                                 | CUSIP: 40064RFY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $629498.70    | 0.34%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                        | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653JJ1<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    315000 | PA      | $321576.32    | 0.17%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                        | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653JK8<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    285000 | PA      | $290659.19    | 0.16%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                        | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653JL6<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203314.30    | 0.11%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                        | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181126.84    | 0.10%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                        | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FEB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $686836.09    | 0.37%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                        | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1014481.65   | 0.54%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                        | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $903827.58    | 0.48%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579E45<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   4960000 | PA      | $5033893.09   | 2.69%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579W37<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1768474.42   | 0.94%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue | MASSACHUSETTS ST DEPT OF TRANSPRTN MET HIGHWAY SYS REVENUE   | CUSIP: 57563CCZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.75%             | 2037-01-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                               | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RQS1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1816630.55   | 0.97%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                               | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RQU6<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75000.00     | 0.04%             | 2035-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                               | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RRN1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2898669.97   | 1.55%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                               | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RTD1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2091701.85   | 1.12%             | 2038-07-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                               | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RUB3<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    550000 | PA      | $561003.36    | 0.30%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS DEV FIN AGY NATIONAL CHRT SCH REVOLVING LOAN F | CUSIP: 57563UAB8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3455000 | PA      | $2967306.02   | 1.58%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY SENIOR LIVING REVENUE           | CUSIP: 57563WAC2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992231.50    | 0.53%             | 2060-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Municipal Wholesale Electric Co                               | MASSACHUSETTS ST MUNI WHOLESALE ELEC COMPANY                 | CUSIP: 575766AV2<br>LEI: 549300CFLHW0OYBX9C89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915175.80    | 0.49%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                                         | MASSACHUSETTS ST CLEAN WTR TRUST                             | CUSIP: 575829MQ6<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |    300000 | PA      | $325643.19    | 0.17%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                                         | MASSACHUSETTS ST CLEAN WTR TRUST                             | CUSIP: 575829MR4<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076734.40   | 0.57%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                                         | MASSACHUSETTS ST CLEAN WTR TRUST                             | CUSIP: 575829MS2<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |    300000 | PA      | $320886.84    | 0.17%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                               | MASSACHUSETTS ST                                             | CUSIP: 57582R3A2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   4820000 | PA      | $4978876.36   | 2.66%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                               | MASSACHUSETTS ST                                             | CUSIP: 57582R8A7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1556107.20   | 0.83%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                               | MASSACHUSETTS ST                                             | CUSIP: 57582RD60<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5140078.00   | 2.74%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                               | MASSACHUSETTS ST                                             | CUSIP: 57582RN77<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1542546.20   | 0.82%             | 2048-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                               | MASSACHUSETTS ST                                             | CUSIP: 57582RV78<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002108.70   | 0.53%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                               | MASSACHUSETTS ST                                             | CUSIP: 57582RY34<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2652406.50   | 1.42%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                               | MASSACHUSETTS ST                                             | CUSIP: 57582TGG1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2084585.60   | 1.11%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57583UX52<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915471.90    | 0.49%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY MF REVENUE                      | CUSIP: 57583XCP5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    978838 | PA      | $730776.71    | 0.39%             | 2042-01-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584X3D1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    875000 | PA      | $897701.70    | 0.48%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584X4N8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989266.50    | 0.53%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1923925.40   | 1.03%             | 2057-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584X8U8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1451903.96   | 0.78%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XM65<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2244870.81   | 1.20%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XM73<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2467589.04   | 1.32%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XPG0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    485000 | PA      | $490796.43    | 0.26%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XUV1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021187.40   | 1.08%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XXC0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    355000 | PA      | $355863.36    | 0.19%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584Y2W8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1024094.59   | 0.55%             | 2040-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584Y2X6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2478039.48   | 1.32%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584Y7X1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2073863.40   | 1.11%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YG94<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3325000 | PA      | $2924909.40   | 1.56%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YGE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1775632.11   | 0.95%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YGG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1942952.90   | 1.04%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YGH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $494180.89    | 0.26%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YGR4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3549639.80   | 1.89%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YN62<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    475000 | PA      | $423038.80    | 0.23%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YN70<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2309273.37   | 1.23%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YPD5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    665000 | PA      | $698779.01    | 0.37%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YQJ1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1482871.65   | 0.79%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YS26<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505655.70    | 0.27%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YT58<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $401768.52    | 0.21%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YTE9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    750000 | PA      | $794404.05    | 0.42%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YU49<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $893438.84    | 0.48%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YW21<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $861670.10    | 0.46%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YWG0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    490000 | PA      | $458970.11    | 0.25%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YWH8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1062999.00   | 0.57%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YX53<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1430526.59   | 0.76%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BAB4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2110256.40   | 1.13%             | 2054-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BAK4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1593277.54   | 0.85%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BBG2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2195644.20   | 1.17%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BBT4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1155604.56   | 0.62%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BBU1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1045174.68   | 0.56%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BCX4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917050.40    | 0.49%             | 2060-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BGR3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1409282.25   | 0.75%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BGU6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1574532.64   | 0.84%             | 2055-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BHQ4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2096871.60   | 1.12%             | 2051-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BJT6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008228.60   | 0.54%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BJU3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003576.10   | 0.54%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BKT4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1283809.73   | 0.69%             | 2055-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BMU9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073208.80   | 0.57%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                    | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BPB8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1598841.15   | 0.85%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                     | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH                    | CUSIP: 57585KSV1<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.05%             | 2031-07-01      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                     | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE            | CUSIP: 57586CGB5<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2350000.00   | 1.25%             | 2040-07-01      | Variable      | 2.81%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                     | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE            | CUSIP: 57586EJS1<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1763514.75   | 0.94%             | 2027-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                     | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE            | CUSIP: 57586EJT9<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064641.80   | 0.57%             | 2028-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                     | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE            | CUSIP: 57586ES51<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |    500000 | PA      | $600510.05    | 0.32%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                        | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587A3R7<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1344341.12   | 0.72%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                        | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587A8E1<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    720000 | PA      | $712940.04    | 0.38%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                        | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587GEM3<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1550099.94   | 0.83%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                        | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587GJG1<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    720000 | PA      | $708461.93    | 0.38%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                        | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587GLR4<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2291386.74   | 1.22%             | 2047-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                        | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587GMV4<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    600000 | PA      | $625929.96    | 0.33%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896PW9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3503213.35   | 1.87%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896SK2<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020848.80   | 0.54%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896TK1<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   5055000 | PA      | $5308520.89   | 2.83%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896UH6<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2566380.25   | 1.37%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                | MASSACHUSETTS ST PORT AUTH SPL FACS REVENUE                  | CUSIP: 575898DJ7<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    895000 | PA      | $948249.64    | 0.51%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                | MASSACHUSETTS ST PORT AUTH SPL FACS REVENUE                  | CUSIP: 575898DK4<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2902508.68   | 1.55%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                | MASSACHUSETTS ST PORT AUTH SPL FACS REVENUE                  | CUSIP: 575898DL2<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052434.00   | 0.56%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                | MASSACHUSETTS ST PORT AUTH SPL FACS REVENUE                  | CUSIP: 575898DR9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3723985.20   | 1.99%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                     | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000E66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082093.90   | 0.58%             | 2055-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                     | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1457059.80   | 0.78%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                     | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576049W48<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   5130000 | PA      | $5912093.12   | 3.16%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                     | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576049W55<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2347042.00   | 1.25%             | 2032-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                                         | MASSACHUSETTS ST WTR POLL ABATEMENT TRUST                    | CUSIP: 57604PC36<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   4005000 | PA      | $4617847.10   | 2.47%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                   | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604THG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1522124.10   | 0.81%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                   | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604THL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2270716.50   | 1.21%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                   | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TJL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1159038.00   | 0.62%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                     | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051E36<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1360823.75   | 0.73%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                     | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051E44<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    620000 | PA      | $669212.50    | 0.36%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                 | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970366.40    | 0.52%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                 | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    622702 | PA      | $576395.45    | 0.31%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                 | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1772826 | PA      | $1548765.61   | 0.83%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                      | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1446580.50   | 0.77%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Somerville MA                                                       | SOMERVILLE MA                                                | CUSIP: 835241HR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978610.80    | 0.52%             | 2047-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                   | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TMC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5225845.93   | 2.79%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                              | UNIV OF MASSACHUSETTS MA BLDG AUTH REVENUE                   | CUSIP: 914437TG3<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3093814.20   | 1.65%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Winchester MA                                                       | WINCHESTER MA                                                | CUSIP: 9730243X8<br>LEI: 549300YOV2B42TT06X20 | Long             | DBT              | MUN               | US        |    835000 | PA      | $868213.29    | 0.46%             | 2039-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Worcester MA                                                        | WORCESTER MA                                                 | CUSIP: 981306ND1<br>LEI: 5493006DO0NOILRNNH68 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2209423.01   | 1.18%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-26

**Name of Applicant:** DEUTSCHE DWS STATE TAX-FREE INCOME SERIES

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer