# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-26-008621
**Filing Date:** 2026-4
**Character Count:** 93583
**Document Hash:** 9640629094b2542d35475948cc2f93cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-008621.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0002071691-26-008621

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 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:** 26887699

**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 MINNESOTA TAX-FREE INCOME FUND (Series ID: S000006920)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018774 | CLASS A1      | FMINX           |
| C000018775 | CLASS C       | FMNIX           |
| C000079637 | ADVISOR CLASS | FMNZX           |
| C000194361 | Class R6      | FKTDX           |
| C000205899 | Class A       | FMNQX           |

## 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 Minnesota Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006920

- **c. LEI of Series:** 549300O8GXDN7BOGD980

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $627106497.88

**Total Liabilities:** $7897351.28

**Net Assets:** $619209146.60

**Delayed Delivery Securities:** $5960000.00

**Cash Not Reported:** $3868123.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -146.74000000 | **1-Year:** -2891.29000000 | **5-Year:** -14004.93000000 | **10-Year:** -187115.46000000 | **30-Year:** -145222.19000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -241.52000000 | **10-Year:** -28122.48000000 | **30-Year:** -13821.70000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018774 | 0.28%                | 0.54%                | 1.39%                |
| Class ID C000018775 | 0.23%                | 0.48%                | 1.34%                |
| Class ID C000079637 | 0.29%                | 0.54%                | 1.40%                |
| Class ID C000194361 | 0.30%                | 0.55%                | 1.40%                |
| Class ID C000205899 | 0.18%                | 0.52%                | 1.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-351988.40              | $182192.19                                 |
| Month 2  | $0.00                    | $1612776.23                                |
| Month 3  | $-3476.24                | $7118768.14                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alexandria Independent School District No. 206                          | Alexandria Independent School District No. 206, Series 2017 A                          | CUSIP: 015131NP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  29905000 | PA      | $29888480.48  | 4.83%             | 2037-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Anoka-Hennepin Independent School District No. 11                       | Anoka-Hennepin Independent School District No. 11, Series 2018 A                       | CUSIP: 0363033L7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5355000 | PA      | $5351712.57   | 0.86%             | 2037-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Anoka-Hennepin Independent School District No. 11                       | Anoka-Hennepin Independent School District No. 11, Series 2018 A                       | CUSIP: 0363033N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8905000 | PA      | $8989152.25   | 1.45%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Anoka-Hennepin Independent School District No. 11                       | Anoka-Hennepin Independent School District No. 11, Series 2018 A                       | CUSIP: 0363033S2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4020000 | PA      | $3753826.55   | 0.61%             | 2043-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Becker Independent School District No. 726                              | Becker Independent School District No. 726, Series 2022 A                              | CUSIP: 075671MS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $543240.50    | 0.09%             | 2041-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Belle Plaine Independent School District No. 716                        | Belle Plaine Independent School District No. 716, Series 2025 A                        | CUSIP: 078545KR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $554111.15    | 0.09%             | 2048-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Belle Plaine Independent School District No. 716                        | Belle Plaine Independent School District No. 716, Series 2025 A                        | CUSIP: 078545KS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524617.50    | 0.08%             | 2050-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Belle Plaine Independent School District No. 716                        | Belle Plaine Independent School District No. 716, Series 2025 A                        | CUSIP: 078545KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522631.10    | 0.08%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Big Lake Economic Development Authority                                 | Big Lake Economic Development Authority, Series 2026 A                                 | CUSIP: 089267AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2561823.25   | 0.41%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brainerd Independent School District No. 181                            | Brainerd Independent School District No. 181, Series 2018 A                            | CUSIP: 105007NJ3<br>LEI: 549300P1U3THZTOHA392 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1906391.03   | 0.31%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Breckenridge Independent School District No. 846                        | Breckenridge Independent School District No. 846, Series 2026 A                        | CUSIP: 106511EU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1415156.22   | 0.23%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Breckenridge Independent School District No. 846                        | Breckenridge Independent School District No. 846, Series 2026 A                        | CUSIP: 106511FC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991995.00    | 0.16%             | 2050-02-01      | Fixed         | 4.25%                 | 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        |   6192000 | PA      | $5703064.20   | 0.92%             | 2036-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                              | Capital Trust Agency, Inc., Series 2021 A-1                                            | CUSIP: 14052TDY7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1491838.95   | 0.24%             | 2057-01-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                  | City of Center City, Series 2019                                                       | CUSIP: 151452CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002673.00   | 0.16%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                  | City of Center City, Series 2025                                                       | CUSIP: 151452CQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1223623.33   | 0.20%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Center City MN                                                  | City of Center City, Series 2025                                                       | CUSIP: 151452CR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033053.40   | 0.17%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cold Spring MN                                                  | City of Cold Spring, Series 2024 A                                                     | CUSIP: 193000XS0<br>LEI: 549300K8BX4APZ76AV52 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $972669.60    | 0.16%             | 2054-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Coon Rapids MN                                                  | City of Coon Rapids, Series 2023                                                       | CUSIP: 21659AAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3713082 | PA      | $4301049.48   | 0.69%             | 2039-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| City of Corcoran MN                                                     | City of Corcoran, Series 2023 A                                                        | CUSIP: 218388HE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3605000 | PA      | $3454815.70   | 0.56%             | 2053-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dakota County Community Development Agency                              | Dakota County Community Development Agency, Series 2024                                | CUSIP: 23409VFP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009314.60   | 0.16%             | 2043-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Dakota County Community Development Agency                              | Dakota County Community Development Agency, Series 2011 A                              | CUSIP: 23410BCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $330129.36    | 0.05%             | 2033-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Dawson-Boyd Independent School District No. 378                         | Dawson-Boyd Independent School District No. 378, Series 2019 A                         | CUSIP: 239230EC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2965000 | PA      | $2854895.91   | 0.46%             | 2040-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2018 A                                   | CUSIP: 26444CHD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13105000 | PA      | $13220318.76  | 2.14%             | 2053-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2018 A                                   | CUSIP: 26444CHE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15830000 | PA      | $15910998.94  | 2.57%             | 2053-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2021 A                                   | CUSIP: 26444CJL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155048.07    | 0.03%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2021 A                                   | CUSIP: 26444CJM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $159231.98    | 0.03%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2021 A                                   | CUSIP: 26444CJN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $740357.14    | 0.12%             | 2044-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2022 A                                   | CUSIP: 26444CJW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $470653.33    | 0.08%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2022 A                                   | CUSIP: 26444CJY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $571151.70    | 0.09%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2022 A                                   | CUSIP: 26444CJZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $684838.56    | 0.11%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2022 A                                   | CUSIP: 26444CKA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $555009.31    | 0.09%             | 2034-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2022 A                                   | CUSIP: 26444CKB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $450886.79    | 0.07%             | 2035-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2022 A                                   | CUSIP: 26444CKC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $421867.28    | 0.07%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2022 A                                   | CUSIP: 26444CKD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $392927.44    | 0.06%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2022 A                                   | CUSIP: 26444CKE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $415668.16    | 0.07%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2022 A                                   | CUSIP: 26444CKF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259032.43    | 0.04%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                   | Duluth Economic Development Authority, Series 2022 B                                   | CUSIP: 26444CKL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8301239.20   | 1.34%             | 2052-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Duluth Independent School District No. 709                              | Duluth Independent School District No. 709, Series 2021 C                              | CUSIP: 264471LK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1130178.36   | 0.18%             | 2030-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Duluth Independent School District No. 709                              | Duluth Independent School District No. 709, Series 2021 C                              | CUSIP: 264471LL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1134713.04   | 0.18%             | 2031-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Duluth Independent School District No. 709                              | Duluth Independent School District No. 709, Series 2021 C                              | CUSIP: 264471LM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $892126.66    | 0.14%             | 2032-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Duluth Independent School District No. 709                              | Duluth Independent School District No. 709, Series 2021 C                              | CUSIP: 264471LN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $853379.94    | 0.14%             | 2033-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Forest Lake Independent School District No. 831                         | Forest Lake Independent School District No. 831, Series 2023 A                         | CUSIP: 345874VR9<br>LEI: 549300Z4NGDI34KH2446 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2101579.20   | 0.34%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fridley MN                                                      | City of Fridley, Series 2022 A                                                         | CUSIP: 358370Q56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $365735.27    | 0.06%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fridley MN                                                      | City of Fridley, Series 2022 A                                                         | CUSIP: 358370Q64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $764456.23    | 0.12%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fridley MN                                                      | City of Fridley, Series 2022 A                                                         | CUSIP: 358370Q72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $830880.88    | 0.13%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fridley MN                                                      | City of Fridley, Series 2018                                                           | CUSIP: 358413AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9087095 | PA      | $9394417.55   | 1.52%             | 2034-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Fridley MN                                                      | City of Fridley, Series 2023 A                                                         | CUSIP: 358413AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $17005824.00  | 2.75%             | 2041-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Gibbon Independent School District No. 2365/MN                          | Gibbon Independent School District No. 2365, Series 2023 A                             | CUSIP: 374627DG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1928338.44   | 0.31%             | 2048-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gibbon Independent School District No. 2365/MN                          | Gibbon Independent School District No. 2365, Series 2023 A                             | CUSIP: 374627DH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2238219.45   | 0.36%             | 2052-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Hastings Independent School District No. 200                            | Hastings Independent School District No. 200, Series 2018 A                            | CUSIP: 418542PZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4685000 | PA      | $2979875.51   | 0.48%             | 2038-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hastings Independent School District No. 200                            | Hastings Independent School District No. 200, Series 2018 A                            | CUSIP: 418542QA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4685000 | PA      | $2854653.42   | 0.46%             | 2039-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hastings Independent School District No. 200                            | Hastings Independent School District No. 200, Series 2018 A                            | CUSIP: 418542QB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4685000 | PA      | $2734138.36   | 0.44%             | 2040-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hennepin County Regional Railroad Authority                             | Hennepin County Regional Railroad Authority, Series 2019 A                             | CUSIP: 425533CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060482.80   | 0.17%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hennepin County Regional Railroad Authority                             | Hennepin County Regional Railroad Authority, Series 2019 A                             | CUSIP: 425533CR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3965000 | PA      | $4194250.35   | 0.68%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hopkins Independent School District No. 270                             | Hopkins Independent School District No. 270, Series 2019 A                             | CUSIP: 439881NC3<br>LEI: 5493008IBV0MJ885RP85 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2451814.23   | 0.40%             | 2034-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Jordan Independent School District No. 717                              | Jordan Independent School District No. 717, Series 2023 A                              | CUSIP: 480718LJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1324899.94   | 0.21%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mankato Independent School District No. 77                              | Mankato Independent School District No. 77, Series 2022 A                              | CUSIP: 563674AS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2428093.94   | 0.39%             | 2042-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                    | Metropolitan Council, Series 2022 C                                                    | CUSIP: 5918523C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3409454.80   | 0.55%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                    | Metropolitan Council, Series 2022 C                                                    | CUSIP: 5918523D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3528574.23   | 0.57%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                    | Metropolitan Council, Series 2020 B                                                    | CUSIP: 591852S82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3123010.80   | 0.50%             | 2036-03-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                    | Metropolitan Council, Series 2020 B                                                    | CUSIP: 591852T24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3408834.00   | 0.55%             | 2038-03-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                  | City of Minneapolis, Series 2015 A                                                     | CUSIP: 60374VDV2<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1325176.09   | 0.21%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                  | City of Minneapolis, Series 2018 A                                                     | CUSIP: 60374VEF6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   4535000 | PA      | $4516663.63   | 0.73%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                  | City of Minneapolis, Series 2018 C                                                     | CUSIP: 60374VEJ8<br>LEI: 54930069TEI1INHRHS55 | Long             | STIV             | MUN               | US        |    400000 | PA      | $400000.00    | 0.06%             | 2048-11-15      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                  | City of Minneapolis, Series 2015 A                                                     | CUSIP: 60374VEN9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10003826.00  | 1.62%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                  | City of Minneapolis, Series 2018 A                                                     | CUSIP: 60374VEP4<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6071717.40   | 0.98%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                  | City of Minneapolis, Series 2021                                                       | CUSIP: 60374VEV1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6791133.83   | 1.10%             | 2040-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                  | City of Minneapolis, Series 2018                                                       | CUSIP: 60375BFC5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500446.95   | 0.57%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                  | City of Minneapolis, Series 2019                                                       | CUSIP: 60375BHH2<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1880322.00   | 0.30%             | 2040-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                  | City of Minneapolis, Series 2020                                                       | CUSIP: 603767PE8<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   7211075 | PA      | $6049614.57   | 0.98%             | 2038-02-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St. Paul Metropolitan Airports Commission                   | Minneapolis-St. Paul Metropolitan Airports Commission, Series 2022 A                   | CUSIP: 603827H74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2990000 | PA      | $2889928.29   | 0.47%             | 2052-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St. Paul Metropolitan Airports Commission                   | Minneapolis-St. Paul Metropolitan Airports Commission, Series 2016 C                   | CUSIP: 603827YW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4025000 | PA      | $4104727.60   | 0.66%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St. Paul Metropolitan Airports Commission                   | Minneapolis-St. Paul Metropolitan Airports Commission, Series 2016 C                   | CUSIP: 603827YZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20730000 | PA      | $21026774.83  | 3.40%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St. Paul Metropolitan Airports Commission                   | Minneapolis-St. Paul Metropolitan Airports Commission, Series 2016 C                   | CUSIP: 603827ZA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14475000 | PA      | $14588734.42  | 2.36%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Gas Agency                                          | Minnesota Municipal Gas Agency, Series 2022 A                                          | CUSIP: 60406UAM9<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |  11550000 | PA      | $11810278.10  | 1.91%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2026                         | CUSIP: 60410PBF8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063119.80   | 0.17%             | 2056-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                      | State of Minnesota, Series 2023 B                                                      | CUSIP: 60412AE82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4745000 | PA      | $4807601.73   | 0.78%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota Department of Iron Range Resources & Rehabilitation  | State of Minnesota, Series 2025 A                                                      | CUSIP: 60414HBQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075026.80   | 0.17%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                        | Minnesota Housing Finance Agency, Series 2009                                          | CUSIP: 60415N4J8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1366342.89   | 0.22%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                        | Minnesota Housing Finance Agency, Series 2011                                          | CUSIP: 60415N6N7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2230019.16   | 0.36%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2017                         | CUSIP: 60416H6E9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1506745.04   | 0.24%             | 2033-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2017 A                       | CUSIP: 60416H8F4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    750000 | PA      | $760656.83    | 0.12%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2018 A                       | CUSIP: 60416JBJ8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2073101.17   | 0.33%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2021                         | CUSIP: 60416JCZ1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $911518.50    | 0.15%             | 2041-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2021                         | CUSIP: 60416JDS6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131220.99    | 0.02%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2021                         | CUSIP: 60416JEG1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    255000 | PA      | $267194.02    | 0.04%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2021                         | CUSIP: 60416JEH9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    240000 | PA      | $250688.88    | 0.04%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2021                         | CUSIP: 60416JEJ5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    355000 | PA      | $369446.73    | 0.06%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2021                         | CUSIP: 60416JEN6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $237147.23    | 0.04%             | 2038-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2022 A                       | CUSIP: 60416JFL9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10179373.00  | 1.64%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2023                         | CUSIP: 60416JGU8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    600000 | PA      | $607157.10    | 0.10%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2023                         | CUSIP: 60416JGV6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    750000 | PA      | $742913.18    | 0.12%             | 2048-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                       | Minnesota Health & Education Facilities Authority, Series 2023                         | CUSIP: 60416JGW4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2860259.70   | 0.46%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                         | Minnesota Higher Education Facilities Authority, Series 2024 A                         | CUSIP: 60416JHZ6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4126301.60   | 0.67%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Office of Higher Education                                    | Minnesota Office of Higher Education, Series 2023                                      | CUSIP: 60416MCA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2230461.68   | 0.36%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                        | Minnesota Housing Finance Agency, Series 2020 E                                        | CUSIP: 60416S6Q8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1530391.30   | 0.25%             | 2040-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                        | Minnesota Housing Finance Agency, Series 2020 D                                        | CUSIP: 60416S8N3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1844668.53   | 0.30%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                        | Minnesota Housing Finance Agency, Series 2021 B                                        | CUSIP: 60416TDX3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    950000 | PA      | $818570.54    | 0.13%             | 2036-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                        | Minnesota Housing Finance Agency, Series 2023 D                                        | CUSIP: 60416TH76<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    930000 | PA      | $943187.12    | 0.15%             | 2043-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                        | Minnesota Housing Finance Agency, Series 2023 D                                        | CUSIP: 60416TH84<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    930000 | PA      | $943723.64    | 0.15%             | 2045-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                        | Minnesota Housing Finance Agency, Series 2021 H                                        | CUSIP: 60416TLR7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3001174.85   | 0.48%             | 2046-01-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                        | Minnesota Housing Finance Agency, Series 2022 A                                        | CUSIP: 60416TPH5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2254086.13   | 0.36%             | 2042-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                        | Minnesota Housing Finance Agency, Series 2026 A                                        | CUSIP: 60416UZW8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027076.20   | 0.33%             | 2047-01-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Minnetonka Independent School District No. 276                          | Minnetonka Independent School District No. 276, Series 2026 A                          | CUSIP: 604196BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $1405917.83   | 0.23%             | 2052-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Minnetonka Independent School District No. 276                          | Minnetonka Independent School District No. 276, Series 2026 A                          | CUSIP: 604196BY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6310000 | PA      | $1774936.11   | 0.29%             | 2053-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Agricultural & Economic Development Board                     | Minnesota Agricultural & Economic Development Board, Series 2024                       | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6244498.80   | 1.01%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Moorhead Independent School District No. 152                            | Moorhead Independent School District No. 152, Series 2020 A                            | CUSIP: 616157TC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3795000 | PA      | $3451894.81   | 0.56%             | 2037-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Mounds View MN                                                  | City of Mounds View, Series 2024                                                       | CUSIP: 620646AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4535076.15   | 0.73%             | 2046-03-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Nashwauk Keewatin Independent School District No. 319                   | Nashwauk Keewatin Independent School District No. 319, Series 2022 A                   | CUSIP: 631500DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3981449.60   | 0.64%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nicollet Independent School District No. 507                            | Nicollet Independent School District No. 507, Series 2026 A                            | CUSIP: 654083EH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $100901.95    | 0.02%             | 2045-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nicollet Independent School District No. 507                            | Nicollet Independent School District No. 507, Series 2026 A                            | CUSIP: 654083EK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $61050.97     | 0.01%             | 2047-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Norman MN                                                     | County of Norman, Series 2022 A                                                        | CUSIP: 656134MA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3115000 | PA      | $2422760.09   | 0.39%             | 2052-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| North St. Paul-Maplewood-Oakdale Independent School District No. 622    | North St. Paul-Maplewood-Oakdale Independent School District No. 622, Series 2019 A    | CUSIP: 662152FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4975000 | PA      | $4456736.84   | 0.72%             | 2042-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North St. Paul-Maplewood-Oakdale Independent School District No. 622    | North St. Paul-Maplewood-Oakdale Independent School District No. 622, Series 2019 A    | CUSIP: 662152FF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22965000 | PA      | $18751021.25  | 3.03%             | 2046-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Osseo Independent School District No. 279                               | Osseo Independent School District No. 279, Series 2024 A                               | CUSIP: 6884432M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4920000 | PA      | $5015886.37   | 0.81%             | 2043-02-01      | Fixed         | 4.00%                 | 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        |   4000000 | PA      | $3082092.00   | 0.50%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prior Lake-Savage Independent School District No. 719                   | Prior Lake-Savage Independent School District No. 719, Series 2018 B                   | CUSIP: 742633VW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3454969.05   | 0.56%             | 2027-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Prior Lake-Savage Independent School District No. 719                   | Prior Lake-Savage Independent School District No. 719, Series 2018 B                   | CUSIP: 742633VX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10055000 | PA      | $9528935.47   | 1.54%             | 2028-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Prior Lake-Savage Independent School District No. 719                   | Prior Lake-Savage Independent School District No. 719, Series 2018 B                   | CUSIP: 742633VZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9010000 | PA      | $8063966.22   | 1.30%             | 2030-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Prior Lake-Savage Independent School District No. 719                   | Prior Lake-Savage Independent School District No. 719, Series 2018 B                   | CUSIP: 742633WA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5310000 | PA      | $4598317.69   | 0.74%             | 2031-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                | Public Finance Authority, Series 2022, Class B-1                                       | CUSIP: 74442PVW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1763829.27   | 0.28%             | 2044-12-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Red Rock Central Independent School District No. 2884                   | Red Rock Central Independent School District No. 2884, Series 2022 A                   | CUSIP: 75700RBL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2057967.30   | 0.33%             | 2047-02-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Redwood Area Schools Independent School District No. 2897               | Redwood Area Schools Independent School District No. 2897, Series 2024 A               | CUSIP: 757763DR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037648.80   | 0.33%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Rice MN                                                       | County of Rice, Series 2022 A                                                          | CUSIP: 762698LA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5116357.48   | 0.83%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Robbinsdale Independent School District No. 281                         | Robbinsdale Independent School District No. 281, Series 2024 A                         | CUSIP: 770265LM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513686.20    | 0.08%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Robbinsdale Independent School District No. 281                         | Robbinsdale Independent School District No. 281, Series 2024 A                         | CUSIP: 770265LN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $459022.19    | 0.07%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Robbinsdale Independent School District No. 281                         | Robbinsdale Independent School District No. 281, Series 2024 A                         | CUSIP: 770265LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $419833.05    | 0.07%             | 2045-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN Electric Utility Revenue                           | City of Rochester, Series 2017 A                                                       | CUSIP: 77158PGE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1414966.50   | 0.23%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN Electric Utility Revenue                           | City of Rochester, Series 2017 A                                                       | CUSIP: 77158PGF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3815000 | PA      | $3847861.27   | 0.62%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                    | City of Rochester, Series 2016 B                                                       | CUSIP: 771902HB2<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   9425000 | PA      | $11106896.91  | 1.79%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                    | City of Rochester, Series 2016 B                                                       | CUSIP: 771902HC0<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   5235000 | PA      | $6235309.56   | 1.01%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                    | City of Rochester, Series 2016 B                                                       | CUSIP: 771902HE6<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   8400000 | PA      | $10115341.32  | 1.63%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                    | City of Rochester, Series 2018                                                         | CUSIP: 771902HF3<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3906543.20   | 0.63%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                    | City of Rochester, Series 2022                                                         | CUSIP: 771902HL0<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3771108.80   | 0.61%             | 2041-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                    | City of Rochester, Series 2022                                                         | CUSIP: 771902HM8<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036758.60   | 0.17%             | 2057-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                    | City of Rochester, Series 2025 A                                                       | CUSIP: 771902HP1<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2989229.70   | 0.48%             | 2050-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                    | City of Rochester, Series 2025 A                                                       | CUSIP: 771902HQ9<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750039.55   | 0.28%             | 2053-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                    | City of Rochester, Series 2025 D                                                       | CUSIP: 771902HS5<br>LEI: 549300006EX3INSHXA95 | Long             | STIV             | MUN               | US        |   4900000 | PA      | $4900000.00   | 0.79%             | 2064-11-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| Rosemount-Apple Valley-Eagan Independent School District No. 196        | Rosemount-Apple Valley-Eagan Independent School District No. 196, Series 2023 A        | CUSIP: 777594ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013717.20   | 0.33%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roseville Independent School District No. 623                           | Roseville Independent School District No. 623, Series 2018 A                           | CUSIP: 778102V34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4961268.62   | 0.80%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Roseville Independent School District No. 623                           | Roseville Independent School District No. 623, Series 2018 A                           | CUSIP: 778102V59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5048566.50   | 0.82%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                     | City of St. Cloud, Series 2016 A                                                       | CUSIP: 78916VDU1<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   7310000 | PA      | $7311348.70   | 1.18%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                     | City of St. Cloud, Series 2019                                                         | CUSIP: 78916VDV9<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10197370.00  | 1.65%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                     | City of St. Cloud, Series 2024                                                         | CUSIP: 78916VEU0<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032030.30   | 0.17%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St. Francis Independent School District No. 15                          | St. Francis Independent School District No. 15, Series 2018 A                          | CUSIP: 789466SS9<br>LEI: 549300BB7QRM8G4EBA90 | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3294254.33   | 0.53%             | 2041-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of St Paul MN Water Revenue                                        | City of St. Paul, Series 2023 A                                                        | CUSIP: 793073JG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13340000 | PA      | $13258648.68  | 2.14%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St. Paul Port Authority                                                 | St. Paul Port Authority, Series 2021-1                                                 | CUSIP: 79308GAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299521.29    | 0.05%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| St. Paul Port Authority                                                 | St. Paul Port Authority, Series 2023-3                                                 | CUSIP: 79308GAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037951.50   | 0.17%             | 2043-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| St. Paul Port Authority                                                 | St. Paul Port Authority, Series 2023-4                                                 | CUSIP: 79308GAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058151.90   | 0.17%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sartell-St. Stephen Independent School District No. 748                 | Sartell-St. Stephen Independent School District No. 748, Series 2016 B                 | CUSIP: 803820LE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2041213.80   | 0.33%             | 2036-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sartell-St. Stephen Independent School District No. 748                 | Sartell-St. Stephen Independent School District No. 748, Series 2016 B                 | CUSIP: 803820LF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $1821229.88   | 0.29%             | 2037-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sartell-St. Stephen Independent School District No. 748                 | Sartell-St. Stephen Independent School District No. 748, Series 2016 B                 | CUSIP: 803820LG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5220000 | PA      | $3197060.51   | 0.52%             | 2038-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sartell-St. Stephen Independent School District No. 748                 | Sartell-St. Stephen Independent School District No. 748, Series 2016 B                 | CUSIP: 803820LH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3020000 | PA      | $1753845.97   | 0.28%             | 2039-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sauk Centre Public Utilities Commission Electric Revenue                | Sauk Centre Public Utilities Commission, Series 2024 A                                 | CUSIP: 804283AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $400337.04    | 0.06%             | 2044-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sauk Centre Public Utilities Commission Electric Revenue                | Sauk Centre Public Utilities Commission, Series 2024 A                                 | CUSIP: 804283AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $333186.95    | 0.05%             | 2053-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Scott County Community Development Agency                               | Scott County Community Development Agency, Series 2022 A                               | CUSIP: 80955PAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8246716.00   | 1.33%             | 2037-08-01      | Fixed         | 5.25%                 | 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        |   3500000 | PA      | $3228389.85   | 0.52%             | 2039-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| South Washington County Independent School District No. 833/MN          | South Washington County Independent School District No. 833/MN, Series 2026 A          | CUSIP: 840610WB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1992683.40   | 0.32%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Washington County Independent School District No. 833/MN          | South Washington County Independent School District No. 833/MN, Series 2026 A          | CUSIP: 840610WD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1966841.40   | 0.32%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Minnesota Municipal Power Agency                               | Southern Minnesota Municipal Power Agency, Series 2017 A                               | CUSIP: 843375F76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1339054.37   | 0.22%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Minnesota Municipal Power Agency                               | Southern Minnesota Municipal Power Agency, Series 2025 A                               | CUSIP: 843375J23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $438908.32    | 0.07%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Minnesota Municipal Power Agency                               | Southern Minnesota Municipal Power Agency, Series 2025 A                               | CUSIP: 843375J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $541586.75    | 0.09%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Minnesota Municipal Power Agency                               | Southern Minnesota Municipal Power Agency, Series 1994 A                               | CUSIP: 843375RR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6436221.00   | 1.04%             | 2027-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Stearns County Housing & Redevelopment Authority                        | Stearns County Housing & Redevelopment Authority, Series 2021 A                        | CUSIP: 85789TBH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $767870.69    | 0.12%             | 2061-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                 | University of Minnesota, Series 2017 A                                                 | CUSIP: 914460QJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1272501.52   | 0.21%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                 | University of Minnesota, Series 2017 A                                                 | CUSIP: 914460QK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3077077.80   | 0.50%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                 | University of Minnesota, Series 2019 A                                                 | CUSIP: 914460SQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3055000 | PA      | $3233607.52   | 0.52%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                 | University of Minnesota, Series 2019 A                                                 | CUSIP: 914460SR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2228037.83   | 0.36%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                 | University of Minnesota, Series 2019 A                                                 | CUSIP: 914460SS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6045000 | PA      | $6366069.29   | 1.03%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                 | University of Minnesota, Series 2019 A                                                 | CUSIP: 914460ST8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2084255.40   | 0.34%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                 | University of Minnesota, Series 2020 A                                                 | CUSIP: 914460US7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2160355.00   | 0.35%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                 | University of Minnesota, Series 2020 A                                                 | CUSIP: 914460UV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1309884.44   | 0.21%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia MN                                                     | City of Virginia, Series 2024 A                                                        | CUSIP: 9278724U2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042750.20   | 0.17%             | 2034-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Virginia MN                                                     | City of Virginia, Series 2024 A                                                        | CUSIP: 9278724V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1660145.07   | 0.27%             | 2037-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Virginia MN                                                     | City of Virginia, Series 2024 A                                                        | CUSIP: 9278724W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $871419.70    | 0.14%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia MN                                                     | City of Virginia, Series 2025 A                                                        | CUSIP: 9278725H0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1071275.92   | 0.17%             | 2044-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Virginia MN                                                     | City of Virginia, Series 2025 A                                                        | CUSIP: 9278725J6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1251838.65   | 0.20%             | 2047-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Virginia Housing & Redevelopment Authority                              | Virginia Housing & Redevelopment Authority, Series 2025 A                              | CUSIP: 92787NBJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $688400.14    | 0.11%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing & Redevelopment Authority                              | Virginia Housing & Redevelopment Authority, Series 2025 A                              | CUSIP: 92787NBK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $897985.69    | 0.15%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing & Redevelopment Authority                              | Virginia Housing & Redevelopment Authority, Series 2025 A                              | CUSIP: 92787NBL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1133184.23   | 0.18%             | 2060-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waconia Independent School District No. 110                             | Waconia Independent School District No. 110, Series 2025 A                             | CUSIP: 930047QX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1321643.41   | 0.21%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wadena MN                                                       | City of Wadena, Series 2024 A                                                          | CUSIP: 930256AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1993132.87   | 0.32%             | 2045-12-01      | Fixed         | 5.00%                 | 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        |   2100000 | PA      | $1872398.22   | 0.30%             | 2037-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Watertown-Mayer Independent School District No. 111                     | Watertown-Mayer Independent School District No. 111, Series 2020 A                     | CUSIP: 942078PC4<br>LEI: 54930063VDFCOT0H1836 | Long             | DBT              | MUN               | US        |    470000 | PA      | $364833.74    | 0.06%             | 2033-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Watertown-Mayer Independent School District No. 111                     | Watertown-Mayer Independent School District No. 111, Series 2020 A                     | CUSIP: 942078PD2<br>LEI: 54930063VDFCOT0H1836 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $1833875.21   | 0.30%             | 2034-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Watertown-Mayer Independent School District No. 111                     | Watertown-Mayer Independent School District No. 111, Series 2020 A                     | CUSIP: 942078PG5<br>LEI: 54930063VDFCOT0H1836 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $1576534.80   | 0.25%             | 2037-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| West St. Paul-Mendota Heights-Eagan Independent School District No. 197 | West St. Paul-Mendota Heights-Eagan Independent School District No. 197, Series 2018 A | CUSIP: 955686TB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2692010.97   | 0.43%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                                | Western Minnesota Municipal Power Agency, Series 2018 A                                | CUSIP: 958697KL7<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5077398.50   | 0.82%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Zumbro Education District                                               | Zumbro Education District, Series 2021 A                                               | CUSIP: 989781AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202329.30    | 0.03%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Zumbro Education District                                               | Zumbro Education District, Series 2021 A                                               | CUSIP: 989781AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151213.55    | 0.02%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Zumbro Education District                                               | Zumbro Education District, Series 2021 A                                               | CUSIP: 989781AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125614.79    | 0.02%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Zumbro Education District                                               | Zumbro Education District, Series 2021 A                                               | CUSIP: 989781AZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $272735.29    | 0.04%             | 2035-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Zumbro Education District                                               | Zumbro Education District, Series 2021 A                                               | CUSIP: 989781BA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $380316.65    | 0.06%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Zumbro Education District                                               | Zumbro Education District, Series 2021 A                                               | CUSIP: 989781BB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $582988.99    | 0.09%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer