# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0001752724-25-178308
**Filing Date:** 2025-7
**Character Count:** 124185
**Document Hash:** 29d3b172411b067799c99de0dba8b589
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-178308.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-178308

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 251150140

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

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

## Series and Classes Contracts Data

### FRANKLIN OHIO TAX-FREE INCOME FUND (Series ID: S000006925)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018786 | CLASS A1      | FTOIX           |
| C000018788 | CLASS C       | FOITX           |
| C000068552 | ADVISOR CLASS | FROZX           |
| C000194366 | Class R6      | FKTOX           |
| C000205904 | Class A       | FOHQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Tax Free Trust

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

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

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

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

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

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

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

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

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

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

- **b. EDGAR series identifier (if any):** S000006925

- **c. LEI of Series:** 549300WYLHHD0O42HL20

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

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

- **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:** $944159876.12

**Total Liabilities:** $10439739.11

**Net Assets:** $933720137.01

**Delayed Delivery Securities:** $6930420.00

**Cash Not Reported:** $110249.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -44.07000000 | **1-Year:** -5838.10000000 | **5-Year:** -14942.64000000 | **10-Year:** -229626.58000000 | **30-Year:** -347556.64000000

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

- **3-Month:** 0.00000000 | **1-Year:** -29.02000000 | **5-Year:** -519.67000000 | **10-Year:** -50388.18000000 | **30-Year:** -29857.81000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018788 | -1.92%               | -0.81%               | -0.54%               |
| Class ID C000194366 | -1.89%               | -0.77%               | -0.49%               |
| Class ID C000068552 | -1.89%               | -0.86%               | -0.49%               |
| Class ID C000018786 | -1.90%               | -0.78%               | -0.50%               |
| Class ID C000205904 | -1.91%               | -0.79%               | -0.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-308762.15              | $-21019190.16                              |
| Month 2  | $-906947.18              | $-9752832.30                               |
| Month 3  | $-683678.81              | $-6776505.66                               |

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2024 A                                                                          | CUSIP: 02765USX3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1340379.14   | 0.14%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | South Carolina Jobs-Economic Development Authority, Series 2021 A-1                                                    | CUSIP: 837031C84<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2679196.16   | 0.29%             | 2036-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAL0<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    225000 | PA      | $200348.48    | 0.02%             | 2039-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2020 C                                                                                           | CUSIP: 6775225K6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2439923.49   | 0.26%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                              | Toledo-Lucas County Port Authority, Series 2021 A                                                                      | CUSIP: 889251HK3<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |    350000 | PA      | $301616.39    | 0.03%             | 2031-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2017 A                                                                          | CUSIP: 02765UNG5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3806399.05   | 0.41%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2017                                                                                        | CUSIP: 353202FM1<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   3515000 | PA      | $3488353.84   | 0.37%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                                     | Pecan Public Facility Corp., Series 2022 A-2                                                                           | CUSIP: 705125AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4398112.20   | 0.47%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                          | Ohio Air Quality Development Authority, Series 2009 C                                                                  | CUSIP: 677525WR4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1965387.00   | 0.21%             | 2026-02-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | City of Columbus, Series 2021 A                                                                                        | CUSIP: 199492J75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1986663.56   | 0.21%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | Ohio Turnpike & Infrastructure Commission, Series 2013 A-2                                                             | CUSIP: 67760HKE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10485000 | PA      | $4386504.60   | 0.47%             | 2043-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Madeira City School District                                                    | Madeira City School District                                                                                           | CUSIP: 556377FM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9605000 | PA      | $10546707.82  | 1.13%             | 2032-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Springboro Community City School District                                       | Springboro Community City School District, Series 2007                                                                 | CUSIP: 85022KEB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2134531.40   | 0.23%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dublin City School District                                                     | Dublin City School District, Series 2019 A                                                                             | CUSIP: 26371GUB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9121092.00   | 0.98%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Princeton City School District                                                  | Princeton City School District, Series 2014                                                                            | CUSIP: 742327ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $2822394.00   | 0.30%             | 2040-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DJ98<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5086757.85   | 0.54%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Norwood City School District                                                    | Norwood City School District, Series 2017 A                                                                            | CUSIP: 669674BV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7645000 | PA      | $7802960.99   | 0.84%             | 2051-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                        | University of Cincinnati, Series 2017 A                                                                                | CUSIP: 914119F98<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2212686.63   | 0.24%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2016 A                                                                          | CUSIP: 02765UMJ0<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3503633.00   | 0.38%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2020 A                                                             | CUSIP: 67756DXK7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1264000.18   | 0.14%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                               | Northeast Ohio Medical University, Series 2021 A                                                                       | CUSIP: 66433RAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103146.63    | 0.01%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hilliard School District                                                        | Hilliard School District, Series 2017                                                                                  | CUSIP: 431621TB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8943694.00   | 0.96%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                      | Columbus-Franklin County Finance Authority, Series 2024 A                                                              | CUSIP: 19910XAH9<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4719289.50   | 0.51%             | 2043-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Cincinnati City School District                                                 | Cincinnati City School District, Series 2006                                                                           | CUSIP: 172252A81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14900000 | PA      | $15782044.24  | 1.69%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                      | Columbus-Franklin County Finance Authority, Series 2024 A                                                              | CUSIP: 199097JM9<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |    980000 | PA      | $967747.35    | 0.10%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami OH                                                              | County of Miami, Series 2019                                                                                           | CUSIP: 593328FP7<br>LEI: 549300YAYSF4ZQH3JU54 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4953265.50   | 0.53%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                                         | Dayton-Montgomery County Port Authority, Series 2021 C                                                                 | CUSIP: 23981MAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $300386.56    | 0.03%             | 2031-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Miami University                                                                | Miami University, Series 2017                                                                                          | CUSIP: 593791HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5030088.00   | 0.54%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toledo City School District                                                     | Toledo City School District, Series 2025                                                                               | CUSIP: 889294TB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6595000 | PA      | $6772632.37   | 0.73%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Princeton City School District                                                  | Princeton City School District, Series 2014                                                                            | CUSIP: 742327EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $2643102.60   | 0.28%             | 2041-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sylvania City School District                                                   | Sylvania City School District, Series 2015                                                                             | CUSIP: 871463SX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9700000 | PA      | $9700000.00   | 1.04%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Licking Heights Local School District                                           | Licking Heights Local School District, Series 2022                                                                     | CUSIP: 531677QQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1668890.70   | 0.18%             | 2051-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Series 2024 C                                                        | CUSIP: 734195EZ9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018569.80   | 0.11%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2020                                                               | CUSIP: 67756DXH4<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $896611.43    | 0.10%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westerville City School District                                                | Westerville City School District, Series 2006                                                                          | CUSIP: 960028MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3820000 | PA      | $3971069.16   | 0.43%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Bluffton OH                                                          | Village of Bluffton, Series 2017                                                                                       | CUSIP: 096391AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1883452.14   | 0.20%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | Ohio Water Development Authority, Series 2019                                                                          | CUSIP: 67765QHN9<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1363309.32   | 0.15%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2023                                                                                        | CUSIP: 353180LZ3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5005914.50   | 0.54%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series VV                                                                        | CUSIP: 74526Q2U5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $972534.90    | 0.10%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hudson City School District                                                     | Hudson City School District, Series 2018                                                                               | CUSIP: 444089CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18870000 | PA      | $17052698.23  | 1.83%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Willoughby-Eastlake City School District                                        | Willoughby-Eastlake City School District, Series 2016                                                                  | CUSIP: 971039QW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10098787.00  | 1.08%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                            | City of Cleveland, Series 2012                                                                                         | CUSIP: 186343X53<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35039.34     | 0.00%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2021 C                                                                            | CUSIP: 93516RAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2726452.05   | 0.29%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                      | Capital Trust Agency, Inc., Series 2021 A-1                                                                            | CUSIP: 14052TDY7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1434991.14   | 0.15%             | 2057-01-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAM8<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    240000 | PA      | $210060.22    | 0.02%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2021                                                                  | CUSIP: 18610PBQ0<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $429956.95    | 0.05%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Haven at Elgin LLC                                                              | Haven at Elgin LLC                                                                                                     | CUSIP: 41935HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3208619.01   | 0.34%             | 2053-12-31      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Fremont City School District                                                    | Fremont City School District, Series 2017 A                                                                            | CUSIP: 357568GG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13970000 | PA      | $13998157.93  | 1.50%             | 2049-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                           | County of Cuyahoga, Series 2020 A                                                                                      | CUSIP: 23223PGA9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    750000 | PA      | $763035.83    | 0.08%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2024                                                               | CUSIP: 67756DS72<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6728456.70   | 0.72%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                      | Columbus-Franklin County Finance Authority, Series 2021 C                                                              | CUSIP: 199097HV1<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $1400695.78   | 0.15%             | 2051-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Lucas OH                                                              | County of Lucas, Series 2022                                                                                           | CUSIP: 54930LUH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2839493.70   | 0.30%             | 2052-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFR4<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    235000 | PA      | $241757.73    | 0.03%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | Metropolitan Transportation Authority, Series 2021 A-1                                                                 | CUSIP: 59261AK63<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    750000 | PA      | $630234.60    | 0.07%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Series 2022 A                                                          | CUSIP: 64613CAA6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1904892.80   | 0.20%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Big Walnut Local School District                                                | Big Walnut Local School District, Series 2019                                                                          | CUSIP: 089707TB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7155000 | PA      | $7183350.97   | 0.77%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAK2<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    220000 | PA      | $198496.67    | 0.02%             | 2038-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakota Local School District                                                    | Lakota Local School District, Series 2005                                                                              | CUSIP: 512804RE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2070222.60   | 0.22%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Green Local School District/Summit County                                       | Green Local School District, Series 2022                                                                               | CUSIP: 393192AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001454.40   | 0.21%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | Ohio Housing Finance Agency, Series 2023 A                                                                             | CUSIP: 676900WJ8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $10987874.70  | 1.18%             | 2041-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Winton Woods City School District                                               | Winton Woods City School District, Series 2017                                                                         | CUSIP: 97650EDR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6488519.80   | 0.69%             | 2043-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | South Carolina Jobs-Economic Development Authority, Series 2021 A-1                                                    | CUSIP: 837031D26<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2679196.16   | 0.29%             | 2036-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MG4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2096733.42   | 0.22%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Marysville OH Wastewater Treatment System Revenue                       | City of Marysville, Series 2016                                                                                        | CUSIP: 57448RGV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9370000 | PA      | $8197426.96   | 0.88%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                    | South Carolina State Housing Finance & Development Authority, Series 2021 A                                            | CUSIP: 83712EHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2550512.64   | 0.27%             | 2039-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2021 B                                                                                           | CUSIP: 677561LW0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   4850000 | PA      | $5175729.40   | 0.55%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Arlington City School District                                            | Upper Arlington City School District, Series 2018 A                                                                    | CUSIP: 915506MS5<br>LEI: 549300SQZ13W1SD1QR36 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13717449.20  | 1.47%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2021                                                                  | CUSIP: 18610PBL1<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97584.58     | 0.01%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH Sewerage Revenue                                            | City of Columbus, Series 2015                                                                                          | CUSIP: 199561GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5081858.00   | 0.54%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                             | Columbus Regional Airport Authority, Series 2025 A                                                                     | CUSIP: 199546DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5165222.00   | 0.55%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Norwalk City School District                                                    | Norwalk City School District, Series 2025                                                                              | CUSIP: 669147FK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $707951.58    | 0.08%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami University/Oxford OH                                                      | Miami University, Series 2022 A                                                                                        | CUSIP: 593791KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084103.30   | 0.12%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DK39<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5970000 | PA      | $5974023.78   | 0.64%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dublin City School District                                                     | Dublin City School District, Series 2024 B                                                                             | CUSIP: 26371GYQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1155951.50   | 0.12%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | City of Columbus, Series 2019 A                                                                                        | CUSIP: 199492YY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3089376.60   | 0.33%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                                         | Dayton-Montgomery County Port Authority, Series 2021 C                                                                 | CUSIP: 23981MAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1104696.82   | 0.12%             | 2041-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Water Pollution Control                                    | City of Cleveland, Series 2024                                                                                         | CUSIP: 186423BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1366278.57   | 0.15%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DE36<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3093952.83   | 0.33%             | 2052-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2021                                                               | CUSIP: 677510AS8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1108049.66   | 0.12%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | Ohio Turnpike & Infrastructure Commission, Series 2018 A                                                               | CUSIP: 67760HME8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17025000 | PA      | $17320681.69  | 1.86%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DJ80<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011703.00   | 0.22%             | 2047-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| University of Akron (The)                                                       | University of Akron (The), Series 2018 A                                                                               | CUSIP: 914023LY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5725000 | PA      | $5772141.37   | 0.62%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2022 A                                                                            | CUSIP: 935163BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3221746.35   | 0.35%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2024 C                                                                | CUSIP: 186103MA2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1149667.94   | 0.12%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAH9<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    205000 | PA      | $190168.91    | 0.02%             | 2036-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sycamore Community City School District                                         | Sycamore Community City School District, Series 2020                                                                   | CUSIP: 87122NGH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5460826.80   | 0.58%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Ross OH                                                               | County of Ross, Series 2019                                                                                            | CUSIP: 778260FL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3805000 | PA      | $3838582.17   | 0.41%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwood City School District                                                    | Norwood City School District, Series 2017 A                                                                            | CUSIP: 669674BU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5092126.00   | 0.55%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2023 A                                                                                | CUSIP: 74441XHQ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2634215.92   | 0.28%             | 2053-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MH2<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2677298.60   | 0.29%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                        | University of Cincinnati, Series 2024 A                                                                                | CUSIP: 9141194X7<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8258825.60   | 0.88%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2018 A                                                             | CUSIP: 67756DQB5<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |  11885000 | PA      | $10628628.33  | 1.14%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Apollo Joint Vocational School District                                         | Apollo Joint Vocational School District, Series 2017                                                                   | CUSIP: 03764YBT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6530000 | PA      | $6269697.88   | 0.67%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                     | Washington State Housing Finance Commission, Series 2021 A                                                             | CUSIP: 939783H58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2557679.18   | 0.27%             | 2037-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2024 C                                                                        | CUSIP: 67766WQ21<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2054-12-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | Ohio Housing Finance Agency, Series 2024 B                                                                             | CUSIP: 67756Q8A8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   9930000 | PA      | $9510817.96   | 1.02%             | 2054-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Beachwood City School District                                                  | Beachwood City School District, Series 2023                                                                            | CUSIP: 073545PE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7575000 | PA      | $6648375.25   | 0.71%             | 2053-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Mahoning OH Sewer System Revenue                                      | County of Mahoning, Series 2022                                                                                        | CUSIP: 560072DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3020944.20   | 0.32%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Muskingum                                                             | County of Muskingum, Series 2024                                                                                       | CUSIP: 628076NC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $871799.30    | 0.09%             | 2054-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2021 C                                                                            | CUSIP: 93516RAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $1869371.03   | 0.20%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAN6<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    245000 | PA      | $211307.50    | 0.02%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Bluffton OH                                                          | Village of Bluffton, Series 2017                                                                                       | CUSIP: 096391AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1653383.89   | 0.18%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2021                                                                  | CUSIP: 18610PBR8<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1648730.40   | 0.18%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Fayette OH                                                            | County of Fayette, Series 2025                                                                                         | CUSIP: 312446AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5058608.00   | 0.54%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MC3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10588.42     | 0.00%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Public Power               | Cleveland Department of Public Utilities, Series 2020 A                                                                | CUSIP: 186398MC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980678.90    | 0.11%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | Ohio Housing Finance Agency, Series 2020 B                                                                             | CUSIP: 67756QG43<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    485000 | PA      | $385107.90    | 0.04%             | 2035-09-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2024 D                                                                        | CUSIP: 67766WT44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7575000 | PA      | $7960615.22   | 0.85%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indian Creek Local School District                                              | Indian Creek Local School District, Series 2018 B                                                                      | CUSIP: 454146EM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3910000 | PA      | $3926447.81   | 0.42%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                               | Northeast Ohio Medical University, Series 2021 A                                                                       | CUSIP: 66433RAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125637.66    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180ME9<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5294.21      | 0.00%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2016                                                               | CUSIP: 67756DJZ0<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5320000 | PA      | $5331492.80   | 0.57%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2024 D                                                                        | CUSIP: 67766WT36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3379910.72   | 0.36%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | Ohio Turnpike & Infrastructure Commission, Series 2013 A-2                                                             | CUSIP: 67760HKU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3665000 | PA      | $2087820.03   | 0.22%             | 2038-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Ross OH                                                               | County of Ross, Series 2019                                                                                            | CUSIP: 778260FM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1286809.16   | 0.14%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Series 2024 B                                                        | CUSIP: 734195ED8<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1477309.35   | 0.16%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2016                                                               | CUSIP: 67756DJY3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6135619.20   | 0.66%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bloom-Carroll Local School District                                             | Bloom-Carroll Local School District, Series 2018 A                                                                     | CUSIP: 093707HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7025000 | PA      | $7043603.61   | 0.75%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron City School District                                                      | Akron City School District, Series 2023                                                                                | CUSIP: 010051AU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3012940.20   | 0.32%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Olentangy Local School District                                                 | Olentangy Local School District, Series 2016                                                                           | CUSIP: 680616G60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7660000 | PA      | $6938599.58   | 0.74%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Summit County Development Finance Authority                                     | Summit County Development Finance Authority, Series 2023                                                               | CUSIP: 86607JAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5139839.50   | 0.55%             | 2053-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                              | Toledo-Lucas County Port Authority, Series 2024 C                                                                      | CUSIP: 889251JH8<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2126379.66   | 0.23%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio University                                                                 | Ohio University, Series 2017 A                                                                                         | CUSIP: 677704D54<br>LEI: 549300P1K3IH2L5SFY61 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7082238.80   | 0.76%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                              | Toledo-Lucas County Port Authority, Series 2021                                                                        | CUSIP: 889259AL1<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3788931.50   | 0.41%             | 2057-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAF3<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    185000 | PA      | $176194.78    | 0.02%             | 2034-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Marysville OH Wastewater Treatment System Revenue                       | City of Marysville, Series 2015                                                                                        | CUSIP: 57448REN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3015000 | PA      | $2843823.07   | 0.30%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                              | Toledo-Lucas County Port Authority, Series 2021                                                                        | CUSIP: 889259AJ6<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1315267.69   | 0.14%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Canal Winchester Local School District                                          | Canal Winchester Local School District, Series 2005                                                                    | CUSIP: 137087KA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3955000 | PA      | $2980353.53   | 0.32%             | 2032-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University (The)                                                     | Ohio State University (The), Series 2021 A                                                                             | CUSIP: 677632N72<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |  10020000 | PA      | $8841030.77   | 0.95%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami Valley Career Technology Center                                           | Miami Valley Career Technology Center, Series 2018                                                                     | CUSIP: 593842CQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20197864.00  | 2.16%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Local School District                                              | Northeastern Local School District, Series 2018                                                                        | CUSIP: 664482GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5420000 | PA      | $5535694.78   | 0.59%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Grandview Heights City School District                                          | Grandview Heights City School District, Series 2019                                                                    | CUSIP: 386694EK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2165757.14   | 0.23%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                           | County of Hamilton, Series 2021 B                                                                                      | CUSIP: 4072722B8<br>LEI: 549300TO1E3N4E4YIO28 | Long             | STIV             | MUN               | US        |   2890000 | PA      | $2890000.00   | 0.31%             | 2051-08-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DD94<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    300000 | PA      | $312922.23    | 0.03%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Butler OH                                                             | County of Butler, Series 2016                                                                                          | CUSIP: 123550GT6<br>LEI: 54930064OLVQO8IVR655 | Long             | DBT              | MUN               | US        |   5020000 | PA      | $4800194.28   | 0.51%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 677510CY3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   4895000 | PA      | $4819845.11   | 0.52%             | 2052-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                               | Northeast Ohio Medical University, Series 2021 A                                                                       | CUSIP: 66433RBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115112.65    | 0.01%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Series 2024 C                                                        | CUSIP: 734195FA3<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021321.50   | 0.11%             | 2058-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                      | Columbus-Franklin County Finance Authority, Series 2021 C                                                              | CUSIP: 199097HU3<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |    900000 | PA      | $611998.65    | 0.07%             | 2041-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Chillicothe OH                                                          | City of Chillicothe, Series 2017                                                                                       | CUSIP: 169203AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2914125.14   | 0.31%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Morrow                                                                | County of Morrow, Series 2024                                                                                          | CUSIP: 618899FT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1660773.65   | 0.18%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Union OH                                                              | County of Union, Series 2018                                                                                           | CUSIP: 906412RT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5037822.50   | 0.54%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                              | Toledo-Lucas County Port Authority, Series 2021                                                                        | CUSIP: 889259AK3<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2219253.82   | 0.24%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MB5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10588.42     | 0.00%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | South Carolina Jobs-Economic Development Authority, Series 2022 A-1                                                    | CUSIP: 837031D67<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $4151078.40   | 0.44%             | 2037-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAG1<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    195000 | PA      | $183648.47    | 0.02%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                               | Northeast Ohio Medical University, Series 2021 A                                                                       | CUSIP: 66433RBD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $384554.10    | 0.04%             | 2040-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2022 B                                                                            | CUSIP: 935163BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $982978.70    | 0.11%             | 2034-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH Sales Tax Revenue                                         | County of Franklin, Series 2018                                                                                        | CUSIP: 353204AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6062506.80   | 0.65%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series VV                                                                        | CUSIP: 74526Q2Q4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $987674.20    | 0.11%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2023 B                                                                        | CUSIP: 67766WK35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5675000 | PA      | $6242466.52   | 0.67%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                      | Capital Trust Agency, Inc., Series 2021 A-1                                                                            | CUSIP: 14052TDU5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   9144000 | PA      | $7802377.69   | 0.84%             | 2036-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | Ohio Housing Finance Agency, Series 2023 A                                                                             | CUSIP: 676900WE9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |  17000000 | PA      | $16377917.30  | 1.75%             | 2041-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2016 C                                                                                      | CUSIP: 353187DN4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4638771.00   | 0.50%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hilliard OH Income Tax Revenue                                          | City of Hilliard, Series 2022                                                                                          | CUSIP: 43162CAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5114373.00   | 0.55%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2016                                                               | CUSIP: 67756DJG2<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   4180000 | PA      | $3772489.71   | 0.40%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DE28<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3390000 | PA      | $3400977.50   | 0.36%             | 2042-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Bethel Local School District                                                    | Bethel Local School District, Series 2020                                                                              | CUSIP: 086854AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2455479.20   | 0.26%             | 2049-12-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Series 2024 B                                                        | CUSIP: 734195EF3<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1945595.80   | 0.21%             | 2063-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2016 A                                                                          | CUSIP: 02765UMF8<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998753.50    | 0.11%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2021                                                                  | CUSIP: 18610PBN7<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    100000 | PA      | $93565.57     | 0.01%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2020 A                                                             | CUSIP: 67756DXL5<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2611600.80   | 0.28%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westlake City School District                                                   | Westlake City School District, Series 2021 A                                                                           | CUSIP: 960470NS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3965000 | PA      | $3445052.10   | 0.37%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2022, Class B-1                                                                       | CUSIP: 74442PVW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2413621.25   | 0.26%             | 2044-12-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toledo City School District                                                     | Toledo City School District, Series 2024                                                                               | CUSIP: 889295AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1276037.75   | 0.14%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Springboro Community City School District                                       | Springboro Community City School District, Series 2007                                                                 | CUSIP: 85022KEA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5175000 | PA      | $5439143.39   | 0.58%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2020 D-1                                                                          | CUSIP: 935163BD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1524636.70   | 0.16%             | 2052-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Butler OH                                                             | County of Butler, Series 2017                                                                                          | CUSIP: 123550HV0<br>LEI: 54930064OLVQO8IVR655 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $1957211.47   | 0.21%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Bernard OH                                                           | City of St. Bernard, Series 2013                                                                                       | CUSIP: 85233CAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3760000 | PA      | $3218126.47   | 0.34%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Russia Local School District                                                    | Russia Local School District, Series 2023                                                                              | CUSIP: 783068EC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1680509.14   | 0.18%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2020 A                                                                        | CUSIP: 67766WZD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6820000 | PA      | $6910795.34   | 0.74%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022 A-1                                                                | CUSIP: 130483EV8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2342884.32   | 0.25%             | 2037-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Perry OH                                                              | County of Perry, Series 2023                                                                                           | CUSIP: 71459CBW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1438545.15   | 0.15%             | 2061-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2020 A                                                             | CUSIP: 67756DXM3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $992917.74    | 0.11%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bowling Green State University                                                  | Bowling Green State University, Series 2017 B                                                                          | CUSIP: 102885JS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1054420.26   | 0.11%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2022 A                                                                | CUSIP: 186103LS4<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9186759.90   | 0.98%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | Ohio Water Development Authority, Series 2019                                                                          | CUSIP: 67765QHM1<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5205092.00   | 0.56%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn City School District                                                   | Brooklyn City School District, Series 2017                                                                             | CUSIP: 114205FF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9092019.60   | 0.97%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bedford City School District                                                    | Bedford City School District, Series 2025                                                                              | CUSIP: 076365LZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035465.80   | 0.22%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Warren OH                                                             | County of Warren, Series 2024                                                                                          | CUSIP: 93515PEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1888215.00   | 0.20%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Local School District                                              | Northeastern Local School District, Series 2018                                                                        | CUSIP: 664482GT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4246074.00   | 0.45%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grandview Heights City School District                                          | Grandview Heights City School District, Series 2025                                                                    | CUSIP: 386694FN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1285501.14   | 0.14%             | 2058-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Summit County Development Finance Authority                                     | Summit County Development Finance Authority, Series 2022                                                               | CUSIP: 86607DCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3585000 | PA      | $3080877.66   | 0.33%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MD1<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15882.63     | 0.00%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Norwalk City School District                                                    | Norwalk City School District, Series 2025                                                                              | CUSIP: 669147FL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $555288.03    | 0.06%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2017 A-OH                                                                                   | CUSIP: 353202FP4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |  11800000 | PA      | $11730929.88  | 1.26%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2017                                                               | CUSIP: 67756DPC4<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1257764.13   | 0.13%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2019 A                                                                                           | CUSIP: 677522J96<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6745214.45   | 0.72%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | City of Columbus, Series 2018 A                                                                                        | CUSIP: 199492WE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7290569.30   | 0.78%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mahoning OH                                                           | County of Mahoning, Series 1995                                                                                        | CUSIP: 560060ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $605047.68    | 0.06%             | 2025-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Toledo Lucas County Public Library                                              | Toledo Lucas County Public Library, Series 2025 A                                                                      | CUSIP: 88928DAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5065920.50   | 0.54%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chillicothe OH                                                          | City of Chillicothe, Series 2017                                                                                       | CUSIP: 169203AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2056106.80   | 0.22%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anthony Wayne Local School District                                             | Anthony Wayne Local School District, Series 2017 A                                                                     | CUSIP: 037015LU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2850914.70   | 0.31%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2025 A                                                                                           | CUSIP: 677523LA8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2103840.60   | 0.23%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                      | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1100000 | PA      | $1033511.16   | 0.11%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elyria City School District                                                     | Elyria City School District, Series 2017 A                                                                             | CUSIP: 290659KW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5548248.75   | 0.59%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Summit County Development Finance Authority                                     | Summit County Development Finance Authority, Series 2023                                                               | CUSIP: 86607JAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4837988.71   | 0.52%             | 2048-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | Ohio Housing Finance Agency, Series 2024 C                                                                             | CUSIP: 67756UBD9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7175079.00   | 0.77%             | 2054-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                     | Dayton City School District, Series 2014                                                                               | CUSIP: 239847HR0<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5478871.50   | 0.59%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                           | County of Hamilton, Series 2025 A                                                                                      | CUSIP: 4072722W2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3646279.33   | 0.39%             | 2051-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                         | County of Montgomery, Series 2019 A                                                                                    | CUSIP: 613520MH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4547364.00   | 0.49%             | 2039-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | Ohio Water Development Authority, Series 2021                                                                          | CUSIP: 67765QLE4<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   5555000 | PA      | $5694217.19   | 0.61%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Series 2024 C                                                        | CUSIP: 734195FB1<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017688.60   | 0.11%             | 2063-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Public Power               | Cleveland Department of Public Utilities, Series B-2                                                                   | CUSIP: 186398HU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5133297.00   | 0.55%             | 2038-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2016 A                                                                          | CUSIP: 02765UKK9<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5018922.00   | 0.54%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toledo City School District                                                     | Toledo City School District, Series 2025                                                                               | CUSIP: 889294TC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6450000 | PA      | $6612185.90   | 0.71%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Port Authority                                                        | Lancaster Port Authority, Series 2024 A                                                                                | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3135222.60   | 0.34%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2017                                                               | CUSIP: 67756DPD2<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2545029.30   | 0.27%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cincinnati City School District                                                 | Cincinnati City School District, Series 2006                                                                           | CUSIP: 172252A99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8180000 | PA      | $8814498.06   | 0.94%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2020 D-1                                                                          | CUSIP: 935163BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1264264.91   | 0.14%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFP8<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    440000 | PA      | $457395.22    | 0.05%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                         | Capital Trust Authority, Series 2024                                                                                   | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10700000 | PA      | $8807515.61   | 0.94%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAJ5<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    210000 | PA      | $192775.74    | 0.02%             | 2037-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | Ohio Water Development Authority, Series 2025 A                                                                        | CUSIP: 67765QRX6<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10586022.00  | 1.13%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2021 H                                                                            | CUSIP: 935163BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1073254.46   | 0.11%             | 2053-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                        | University of Cincinnati, Series 2018 A                                                                                | CUSIP: 914119P55<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8673955.00   | 0.93%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | Ohio Turnpike & Infrastructure Commission, Series 2018 A                                                               | CUSIP: 67760HLZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2592925.61   | 0.28%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                            | City of Cleveland, Series 2020 A                                                                                       | CUSIP: 186343Z69<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $913226.56    | 0.10%             | 2036-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2021                                                                  | CUSIP: 18610PBM9<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    700000 | PA      | $667371.46    | 0.07%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2021 A                                                                                           | CUSIP: 67756CFD5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5795000 | PA      | $4989457.91   | 0.53%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MA7<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5294.21      | 0.00%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Canal Winchester Local School District                                          | Canal Winchester Local School District, Series 2005                                                                    | CUSIP: 137087KB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1434021.20   | 0.15%             | 2033-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2017 A                                                                          | CUSIP: 02765UNH3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3593406.95   | 0.38%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DZU3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5360000 | PA      | $4293981.76   | 0.46%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wyoming City School District                                                    | Wyoming City School District, Series 2025                                                                              | CUSIP: 983442JK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3012740.70   | 0.32%             | 2061-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triway Local School District                                                    | Triway Local School District, Series 2021                                                                              | CUSIP: 896863AU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2078266.52   | 0.22%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indian Creek Local School District                                              | Indian Creek Local School District, Series 2018 A                                                                      | CUSIP: 454146DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3007010.70   | 0.32%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2025                                                               | CUSIP: 67756DY59<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4850196.00   | 0.52%             | 2057-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                               | Northeast Ohio Medical University, Series 2022                                                                         | CUSIP: 66433RCZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004121.40   | 0.11%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2020                                                                                             | CUSIP: 67756CEY0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $934498.30    | 0.10%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DJ72<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4944918.79   | 0.53%             | 2042-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2019 B                                                                        | CUSIP: 67766WYJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10157749.00  | 1.09%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dublin City School District                                                     | Dublin City School District, Series 2024 B                                                                             | CUSIP: 26371GYR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2163550.41   | 0.23%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | Ohio Turnpike & Infrastructure Commission, Series 2018 A                                                               | CUSIP: 67760HMB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13750000 | PA      | $13824932.00  | 1.48%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Marysville OH Wastewater Treatment System Revenue                       | City of Marysville, Series 2015                                                                                        | CUSIP: 57448REP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5035000 | PA      | $5036391.17   | 0.54%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                           | County of Hamilton, Series 2017 A                                                                                      | CUSIP: 407272V34<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5009573.00   | 0.54%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2019 A                                                                                      | CUSIP: 353202FZ2<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   6030000 | PA      | $5102687.91   | 0.55%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2024 A-2                                                                              | CUSIP: 74441XHX0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  21750000 | PA      | $12691429.50  | 1.36%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2019 A                                                                          | CUSIP: 02765MAW2<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3372255.06   | 0.36%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                            | Lake Houston Redevelopment Authority, Series 2021                                                                      | CUSIP: 51001QAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $237907.35    | 0.03%             | 2038-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga Falls City School District                                             | Cuyahoga Falls City School District, Series 2021                                                                       | CUSIP: 232309JR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1273706.48   | 0.14%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer