# EDGAR Filing Document

**Accession Number:** 0001969995
**File Stem:** 0002071691-25-007184
**Filing Date:** 2025-11
**Character Count:** 56135
**Document Hash:** 20a6d749ebc01649fdfd585f4be58462
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-007184.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0002071691-25-007184

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Macquarie ETF Trust
- **CENTRAL INDEX KEY:** 0001969995

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23890
- **FILM NUMBER:** 251516884

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106
- **BUSINESS PHONE:** (800) 523-1918

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106

## Series and Classes Contracts Data

### Macquarie National High-Yield Municipal Bond ETF (Series ID: S000090015)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000256891 | Macquarie National High-Yield Municipal Bond ETF | HTAX            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Macquarie ETF Trust

- **b. Investment Company Act file number:** 811-23890

- **c. CIK number of Registrant:** 0001969995

- **d. LEI of Registrant:** 2549000D4NFBOFE18T49

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

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106-2354

  - **Telephone number:** 800-523-1918

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

- **a. Name of Series:** Macquarie National High-Yield Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000090015

- **c. LEI of Series:** 25490033F2LO9COHAM21

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $29541700.33

**Total Liabilities:** $398587.66

**Net Assets:** $29143112.67

**Cash Not Reported:** $557144.72

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.27042000 | **1-Year:** 18.41546200 | **5-Year:** 1919.84478000 | **10-Year:** 6472.05216100 | **30-Year:** 4293.62917800

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

- **3-Month:** 59.65644600 | **1-Year:** 327.59096800 | **5-Year:** 223.54274600 | **10-Year:** 1833.50978700 | **30-Year:** 2483.42078600

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256891 | -1.92%               | 0.62%                | 4.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-100258.29              | $-528165.01                                |
| Month 2  | $-67769.74               | $125338.09                                 |
| Month 3  | $-6872.64                | $1055296.48                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Capital Trust Authority                                               | Capital Trust Authority, Series 2024A                                               | CUSIP: 14054YAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $168393.50    | 0.58%             | 2064-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District          | Salt River Project Agricultural Improvement & Power District, Series 2023B          | CUSIP: 79574CFR9<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    500000 | PA      | $531776.75    | 1.82%             | 2053-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                  | New Hope Cultural Education Facilities Finance Corp., Series 2025A                  | CUSIP: 64542PGP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93922.76     | 0.32%             | 2045-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                     | Florida Development Finance Corp., Series 2024                                      | CUSIP: 340618DU8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $170298.24    | 0.58%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                     | State of Illinois, Series 2024C                                                     | CUSIP: 452153MJ5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    300000 | PA      | $261009.96    | 0.90%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                         | State of Ohio, Series 2024A                                                         | CUSIP: 67756CGG7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    735000 | PA      | $838470.95    | 2.88%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                    | Tobacco Settlement Financing Corp., Series 2007B-1                                  | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $212893.13    | 0.73%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kalispell                                                     | City of Kalispell, Series 2025A                                                     | CUSIP: 48343AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202413.12    | 0.69%             | 2060-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                  | Guam Government Waterworks Authority, Series 2024A                                  | CUSIP: 40065FEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    125000 | PA      | $127139.53    | 0.44%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                | Arkansas Development Finance Authority, Series 2022                                 | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249946.03    | 0.86%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                              | Arizona Industrial Development Authority, Series 2025A                              | CUSIP: 04052TDL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100181.71    | 0.34%             | 2055-03-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                 | Louisiana Public Facilities Authority, Series 2024                                  | CUSIP: 546399TA4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    300000 | PA      | $285325.23    | 0.98%             | 2066-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                         | State of Ohio, Series 2024A                                                         | CUSIP: 67756CGF9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     15000 | PA      | $17308.49     | 0.06%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                   | California School Finance Authority, Series 2024A                                   | CUSIP: 13058TTQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $233253.55    | 0.80%             | 2044-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri    | Health & Educational Facilities Authority of the State of Missouri, Series 2020     | CUSIP: 60637ARH7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    250000 | PA      | $219097.90    | 0.75%             | 2053-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                      | Maricopa County Industrial Development Authority, Series 2021A                      | CUSIP: 56681NGM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $138361.74    | 0.47%             | 2061-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| City of Chicago                                                       | City of Chicago, Series 2025A                                                       | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156253.94    | 0.54%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Newark Higher Education Finance Corp.                                 | Newark Higher Education Finance Corp., Series 2017A                                 | CUSIP: 650346DC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $180981.42    | 0.62%             | 2047-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                             | Golden State Tobacco Securitization Corp., Series 2021B-2                           | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $213013.80    | 0.73%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                             | New York Transportation Development Corp., Series 2023                              | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260646.23    | 0.89%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                      | Maricopa County Industrial Development Authority, Series 2022                       | CUSIP: 56678TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $417254.75    | 1.43%             | 2047-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Creekwalk Marketplace Business Improvement District                   | Creekwalk Marketplace Business Improvement District, Series 2024A                   | CUSIP: 225515AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97244.82     | 0.33%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                            | Chicago Board of Education, Series 2025A                                            | CUSIP: 167505ZL3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156368.07    | 0.54%             | 2050-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                    | Oregon Health & Science University, Series 2021A                                    | CUSIP: 685869HG7<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |    255000 | PA      | $175182.91    | 0.60%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                         | Sierra Vista Industrial Development Authority, Series 2023                          | CUSIP: 82652UAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $248396.28    | 0.85%             | 2058-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2025A                                              | CUSIP: 744396KS0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100260.67    | 0.34%             | 2065-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2023-1, Class A                                    | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    222678 | PA      | $231193.73    | 0.79%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Humble Independent School District                                    | Humble Independent School District, Series 2020                                     | CUSIP: 445047HR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $76204.07     | 0.26%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                              | Metropolitan Pier & Exposition Authority, Series 2017B                              | CUSIP: 592250DB7<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $236173.20    | 0.81%             | 2054-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                | Oklahoma Development Finance Authority, Series 2018B                                | CUSIP: 67884XCK1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    400000 | PA      | $401422.76    | 1.38%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                         | Delaware State Economic Development Authority, Series 2025A                         | CUSIP: 246372BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201581.60    | 0.69%             | 2055-07-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority                                   | California School Finance Authority, Series 2023A                                   | CUSIP: 13058TRW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $169018.87    | 0.58%             | 2053-06-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                          | Savannah Georgia Convention Center Authority, Series 2025B                          | CUSIP: 804828AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250453.33    | 0.86%             | 2061-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| City of New York                                                      | City of New York, Series 2021F-1                                                    | CUSIP: 64966QVX5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    335000 | PA      | $244796.76    | 0.84%             | 2051-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                | Clifton Higher Education Finance Corp., Series 2024A                                | CUSIP: 187145UR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $115081.69    | 0.39%             | 2054-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                           | Commonwealth of Puerto Rico                                                         | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    642971 | PA      | $425968.57    | 1.46%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                      | Maricopa County Industrial Development Authority, Series 2021A                      | CUSIP: 56678PBL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $215578.68    | 0.74%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                             | New York Transportation Development Corp., Series 2024                              | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $333216.31    | 1.14%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority             | Florida Higher Educational Facilities Financing Authority, Series 2025              | CUSIP: 42982GAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198885.68    | 0.68%             | 2055-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                              | Build NYC Resource Corp., Series 2025                                               | CUSIP: 12008EWJ1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250614.15    | 0.86%             | 2060-07-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                              | Massachusetts Development Finance Agency, Series 2021V                              | CUSIP: 57584YN54<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    160000 | PA      | $179465.18    | 0.62%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                           | San Diego County Regional Airport Authority, Series 2025B                           | CUSIP: 79739GTE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533246.45    | 1.83%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2024                                               | CUSIP: 744396JY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    175000 | PA      | $171667.58    | 0.59%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                            | Chicago Board of Education, Series 2012A                                            | CUSIP: 167505PL4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    470000 | PA      | $443856.91    | 1.52%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                              | Metropolitan Pier & Exposition Authority, Series 2017B                              | CUSIP: 592250DA9<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $211988.80    | 0.73%             | 2056-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                  | Iowa Higher Education Loan Authority, Series 2025                                   | CUSIP: 46247DBK2<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |    200000 | PA      | $209127.74    | 0.72%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                               | Capital Trust Authority, Series 2025A                                               | CUSIP: 14054WCK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100723.09    | 0.35%             | 2065-07-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                  | New Hope Cultural Education Facilities Finance Corp., Series 2025                   | CUSIP: 64542UHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202090.62    | 0.69%             | 2056-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                        | Mobile County Industrial Development Authority, Series 2024A                        | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $144463.26    | 0.50%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                         | Village Community Development District No. 15, Series 2023                          | CUSIP: 92708KAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195001.52    | 0.67%             | 2054-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| New York Transportation Development Corp.                             | New York Transportation Development Corp., Series 2023                              | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247712.53    | 0.85%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                | California Statewide Communities Development Authority, Series 2016A                | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150056.27    | 0.51%             | 2041-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The) | Industrial Development Authority of the City of Phoenix Arizona (The), Series 2015A | CUSIP: 71885FDP9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    220000 | PA      | $208018.40    | 0.71%             | 2045-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Indiana Finance Authority                                             | Indiana Finance Authority, Series 2025                                              | CUSIP: 45471FBK6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    150000 | PA      | $142959.08    | 0.49%             | 2060-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                | Arkansas Development Finance Authority, Series 2019                                 | CUSIP: 04108WCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $191879.36    | 0.66%             | 2049-09-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                              | Massachusetts Development Finance Agency, Series 2025A-1                            | CUSIP: 57563WAC2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100538.71    | 0.34%             | 2060-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Virginia Public Building Authority                                    | Virginia Public Building Authority, Series 2019A                                    | CUSIP: 9281723N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164247.98    | 0.56%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seminole County Industrial Development Authority                      | Seminole County Industrial Development Authority, Series 2019A                      | CUSIP: 81669TAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $135850.49    | 0.47%             | 2049-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                   | California Public Finance Authority, Series 2024A                                   | CUSIP: 13057GAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $186474.48    | 0.64%             | 2059-06-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                   | Pennsylvania Housing Finance Agency, Series 2025-149A                               | CUSIP: 70879QV91<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205429.50    | 0.70%             | 2053-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                              | Arizona Industrial Development Authority, Series 2018A                              | CUSIP: 04052BHE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250244.35    | 0.86%             | 2048-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                 | Puerto Rico Sales Tax Financing Corp., Series A-1                                   | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1250000 | PA      | $314434.13    | 1.08%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2025                                               | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257241.48    | 0.88%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                     | Oregon State Facilities Authority, Series 2018B                                     | CUSIP: 68608JXF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 2.06%             | 2034-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                   | California Public Finance Authority, Series 2024A                                   | CUSIP: 13057GAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $120285.83    | 0.41%             | 2054-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                  | New Hope Cultural Education Facilities Finance Corp., Series 2025A                  | CUSIP: 64542UHG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127920.29    | 0.44%             | 2060-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                        | Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2             | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1282150.50   | 4.40%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                     | Florida Development Finance Corp., Series 2024                                      | CUSIP: 340618DT1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |     60000 | PA      | $51286.82     | 0.18%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Woodbury                                                      | City of Woodbury, Series 2025                                                       | CUSIP: 979134BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91817.82     | 0.32%             | 2063-06-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                           | Washington State Housing Finance Commission, Series 2025A                           | CUSIP: 939783Y26<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    125000 | PA      | $123635.18    | 0.42%             | 2060-07-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Capital Projects Finance Authority                                    | Capital Projects Finance Authority, Series 2025A                                    | CUSIP: 14043HAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99353.71     | 0.34%             | 2065-01-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                 | Puerto Rico Sales Tax Financing Corp., Series A-2                                   | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     50000 | PA      | $46494.26     | 0.16%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                      | Maricopa County Industrial Development Authority, Series 2016                       | CUSIP: 56681NAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $156885.44    | 0.54%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GDB Debt Recovery Authority of Puerto Rico                            | GDB Debt Recovery Authority of Puerto Rico                                          | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    845004 | PA      | $821714.68    | 2.82%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                       | California Community Choice Financing Authority, Series 2021B-1                     | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    550000 | PA      | $564021.87    | 1.94%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                        | Mobile County Industrial Development Authority, Series 2024B                        | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $407308.44    | 1.40%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona (The) | Industrial Development Authority of the City of Phoenix Arizona (The), Series 2019A | CUSIP: 71885DEH1<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    330000 | PA      | $313830.86    | 1.08%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                         | New Jersey Turnpike Authority, Series 2025B                                         | CUSIP: 646140JW4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111461.63    | 0.38%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                  | Pennsylvania Higher Educational Facilities Authority, Series 2025                   | CUSIP: 70917TTU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $376958.72    | 1.29%             | 2055-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                       | New York City Municipal Water Finance Authority, Series 2022AA-1                    | CUSIP: 64972GZE7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    160000 | PA      | $135224.43    | 0.46%             | 2048-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                           | Virginia Small Business Financing Authority, Series 2022                            | CUSIP: 928104PW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $223620.25    | 0.77%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                | Arkansas Development Finance Authority, Series 2023                                 | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304728.51    | 1.05%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                           | Black Desert Public Infrastructure District, Series 2024                            | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150403.07    | 0.52%             | 2053-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                              | West Virginia Hospital Finance Authority, Series 2025A                              | CUSIP: 956622Y81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $159234.00    | 0.55%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                  | New Hope Cultural Education Facilities Finance Corp., Series 2021A-1                | CUSIP: 64542PGC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $224568.95    | 0.77%             | 2057-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Development Co.                                | Puerto Rico Industrial Development Co., Series 2023                                 | CUSIP: 745211LM2<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    350000 | PA      | $326978.61    | 1.12%             | 2054-01-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                           | Washington State Housing Finance Commission, Series 2025A                           | CUSIP: 93978LJQ0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100269.53    | 0.34%             | 2064-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                 | California Infrastructure & Economic Development Bank, Series 2025A                 | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    300000 | PA      | $274782.66    | 0.94%             | 2065-01-01      | Variable      | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Stamford Housing Authority                                            | Stamford Housing Authority, Series 2025A                                            | CUSIP: 852640AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98556.61     | 0.34%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                               | Capital Trust Authority, Series 2025A                                               | CUSIP: 14054WBX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95909.75     | 0.33%             | 2065-07-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                 | Puerto Rico Sales Tax Financing Corp., Series A-1                                   | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1250000 | PA      | $426854.50    | 1.46%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                 | Louisiana Public Facilities Authority, Series 2025                                  | CUSIP: 546399UT1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101290.53    | 0.35%             | 2059-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2022A                                              | CUSIP: 74442EJX9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $87448.14     | 0.30%             | 2052-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                            | City of Los Angeles Department of Airports, Series 2021D                            | CUSIP: 544445VD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $88805.15     | 0.30%             | 2051-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                 | Puerto Rico Sales Tax Financing Corp., Series A-1                                   | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    850000 | PA      | $821604.14    | 2.82%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                  | Colorado Health Facilities Authority, Series 2018A                                  | CUSIP: 19648FGQ1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    165000 | PA      | $150664.95    | 0.52%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Bethel                                                        | City of Bethel, Series 2024                                                         | CUSIP: 086759AY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $184333.84    | 0.63%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County Public Hospital District No. 4                            | King County Public Hospital District No. 4, Series 2025A                            | CUSIP: 494796AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151681.43    | 0.52%             | 2060-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority                    | Miami-Dade County Industrial Development Authority, Series 2022A                    | CUSIP: 59334GAN7<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |    250000 | PA      | $227473.03    | 0.78%             | 2061-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                            | Illinois Finance Authority, Series 2025A                                            | CUSIP: 45204FN27<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99322.43     | 0.34%             | 2046-09-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                              | Public Finance Authority, Series 2025                                               | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $547427.20    | 1.88%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                | California Statewide Communities Development Authority, Series 2016A                | CUSIP: 13080SMK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    400000 | PA      | $378635.16    | 1.30%             | 2046-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                              | Arizona Industrial Development Authority, Series 2017A                              | CUSIP: 04052BDB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $46376.97     | 0.16%             | 2052-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                              | Arizona Industrial Development Authority, Series 2025A-2                            | CUSIP: 04052TDC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $208230.93    | 0.71%             | 2059-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                          | New York City Transitional Finance Authority, Series 2025D                          | CUSIP: 64972JNK0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    400000 | PA      | $423347.44    | 1.45%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                           | Washington State Housing Finance Commission, Series 2025A                           | CUSIP: 93978LJP2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152071.28    | 0.52%             | 2060-07-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                            | Illinois Finance Authority, Series 2017                                             | CUSIP: 45204EC30<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    200000 | PA      | $163252.54    | 0.56%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                 | Puerto Rico Sales Tax Financing Corp., Series A-1                                   | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    730000 | PA      | $687049.79    | 2.36%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Chicago                                                       | City of Chicago, Series 2019A                                                       | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    240000 | PA      | $237480.24    | 0.81%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga                                                    | County of Cuyahoga, Series 2017                                                     | CUSIP: 2322655S3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    245000 | PA      | $240413.26    | 0.82%             | 2047-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                           | Commonwealth of Puerto Rico, Series 2022A-1                                         | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    827000 | PA      | $714757.66    | 2.45%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                 | Louisiana Public Facilities Authority, Series 2025                                  | CUSIP: 546399UY0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99942.18     | 0.34%             | 2059-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                       | New York City Municipal Water Finance Authority, Series 2014AA-3                    | CUSIP: 64972GCR3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 1.37%             | 2049-06-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority         | Allentown Neighborhood Improvement Zone Development Authority, Series 2018          | CUSIP: 018444BF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300870.33    | 1.03%             | 2042-05-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                        | Buckeye Tobacco Settlement Financing Authority, Series 2020B-3, Class 2             | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $140684.10    | 0.48%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Macquarie ETF Trust

**Signature:** Francis P. Magee

**Name of Signer:** Francis P. Magee

**Title:** Associate Director, US Funds Administration