# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0001752724-23-008678
**Filing Date:** 2023-1
**Character Count:** 1366868
**Document Hash:** 16635ca884787fc32dfc88a4f22f7b5a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-008678.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-008678

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000757010
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 23543666

**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 HIGH YIELD TAX-FREE INCOME FUND (Series ID: S000006913)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018757 | ADVISOR CLASS | FHYVX           |
| C000018758 | CLASS A1      | FRHIX           |
| C000018760 | CLASS C       | FHYIX           |
| C000194355 | Class R6      | FHYRX           |
| C000199703 | Class A       | FHYQX           |

## Nport-Ex

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Federal Intermediate-Term Tax-Free Income Fund (continued)

| Bank of America | 1,100,000,000 | 1,100,000,000 |
| --- | --- | --- |
| Bank of America, Inc. | 1,100,000,000 | 1,100,000,000 |
| Bank of America, Inc. | 1,100,000,000 | 1,100,000,000 |
| Bank of America, Inc. | 1,100,000,000 | 1,100,000,000 |
| Bank of America, Inc. | 1,100,000,000 | 1,100,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 41

FRANKLIN TAX-FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin Federal Limited-Term Tax-Free Income Fund

| Description | 2022 | 2021 |
| --- | --- | --- |
| Capital Invested in the United States | $1,000,000 | $1,000,000 |
| Capital Invested in the United Kingdom | 1,000,000 | 1,000,000 |
| Capital Invested in the United States of America | 1,000,000 | 1,000,000 |
| Capital Invested in the United Kingdom and the United States of America | 1,000,000 | 1,000,000 |
| Capital Invested in the United States of America and the United Kingdom | 1,000,000 | 1,000,000 |
| Capital Invested in the United States of America and the United Kingdom | 1,000,000 | 1,000,000 |
| Total Capital Invested in the United States | 1,000,000 | 1,000,000 |
| Total Investment (Total) | 1,000,000 | 1,000,000 |
| Total Long Term Investments (Cost $2,000,000,000) | 1,000,000 | 1,000,000 |

42 Quarterly Schedule of Investments Free Notes to Schedule of Investments

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Federal Limited Term Tax-Free Income Fund (continued)

| 1. The Bank of America, Inc. (the Bank of America, Inc.) is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 2. The Bank of America, Inc. (the Bank of America, Inc.) is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. | 1,000,000 | 1,000,000 |
| 3. The Bank of America, Inc. (the Bank of America, Inc.) is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. (the Bank of America, Inc.) and is a member of the Bank of America, Inc. | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 41

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Federal Limited-Term Tax-Free Income Fund (continued)

| Fund | Proposed | 2,476,921 |
| --- | --- | --- |
| Franklin Financial Limited (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) | 1,000,000,000 | 1,000,000,000 |
| Franklin Financial Limited (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) | 1,000,000,000 | 1,000,000,000 |
| Franklin Financial Limited (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) | 1,000,000,000 | 1,000,000,000 |
| Franklin Financial Limited (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) | 1,000,000,000 | 1,000,000,000 |

40 | Quarterly Schedule of Investment | See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Federal Limited Term Tax-Free Income Fund (continued)

| 1. The Bank of America, 1000 N. Main Street, New York, NY 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 2. The Bank of America, 1000 N. Main Street, New York, NY 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001 | 1,000,000 | 1,000,000 |
| 3. The Bank of America, 1000 N. Main Street, New York, NY 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001, 10001 | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments 45

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Federal Limited-Term Tax-Free Income Fund (continued)

|  | FORECAST | 2,640,024 |
| --- | --- | --- |
| 1. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,470,000,000 | 1,470,000,000 |
| 2. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,470,000,000 | 1,470,000,000 |
| 3. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,470,000,000 | 1,470,000,000 |

48 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX-FREE TRUST
SCHEDULE OF INVESTMENTS (UNMUDITED)

Franklin Federal Limited Term Tax-Free Income Fund (continued)

| General and administrative expense | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| General and administrative expense | 1,000,000 | 1,000,000 |
| General and administrative expense | 1,000,000 | 1,000,000 |
| General and administrative expense | 1,000,000 | 1,000,000 |
| General and administrative expense | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 47

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Federal Limited-Term Tax-Free Income Fund (continued)

| DESCRIPTION | Principal | Amount |
| --- | --- | --- |
| Interest | $1,000,000 | $1,000,000 |
| Interest | $1,000,000 | $1,000,000 |
| Interest | $1,000,000 | $1,000,000 |
| Interest | $1,000,000 | $1,000,000 |
| Interest | $1,000,000 | $1,000,000 |

of Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX-FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Federal Limited Term Tax-Free Income Fund (continued)

| Franklin Federal Limited Term Tax-Free Income Fund (continued) |  |  |
| --- | --- | --- |
| Franklin Federal Limited Term Tax-Free Income Fund (continued) | 1,120,000,000 | 1,120,175 |
| Franklin Federal Limited Term Tax-Free Income Fund (continued) | 1,120,000,000 | 1,120,175 |
| Franklin Federal Limited Term Tax-Free Income Fund (continued) | 1,000,000,000 | 1,000,000,000 |
| Franklin Federal Limited Term Tax-Free Income Fund (continued) | 1,000,000,000 | 1,000,000,000 |
| Franklin Federal Limited Term Tax-Free Income Fund (continued) | 1,000,000,000 | 1,000,000,000 |
| Franklin Federal Limited Term Tax-Free Income Fund (continued) | 1,000,000,000 | 1,000,000,000 |
| Franklin Federal Limited Term Tax-Free Income Fund (continued) | 15,000,000,000 | 15,000,000,000 |
| Franklin Federal Limited Term Tax-Free Income Fund (continued) | 15,000,000,000 | 15,000,000,000 |
| Franklin Federal Limited Term Tax-Free Income Fund (continued) | 15,000,000,000 | 15,000,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments 48

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Federal Limited-Term Tax-Free Income Fund (continued)

| Franklin Federal Limited-Term Tax-Free Income Fund (continued) | 1,000,000,000 | 1,000,000,000 |
| --- | --- | --- |
| Franklin Federal Limited-Term Tax-Free Income Fund (continued) | 1,000,000,000 | 1,000,000,000 |
| Franklin Federal Limited-Term Tax-Free Income Fund (continued) | 1,000,000,000 | 1,000,000,000 |
| Franklin Federal Limited-Term Tax-Free Income Fund (continued) | 1,000,000,000 | 1,000,000,000 |

92 Quarterly Schedule of Investment - See Notes to Schedule of Investments.

FRANKLIN TAX-FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin High Yield Tax-Free Income Fund

| 1. Franklin High Yield Tax Free Income Fund | 3,100,000,000 | 3,100,000,000 |
| --- | --- | --- |
| 2. The Financial Statements and Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 3,100,000,000 | 3,100,000,000 |
| 3. The Financial Statements and Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 3,100,000,000 | 3,100,000,000 |
| 4. The Financial Statements and Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 3,100,000,000 | 3,100,000,000 |
| 5. The Financial Statements and Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 3,100,000,000 | 3,100,000,000 |
| 6. The Financial Statements and Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 3,100,000,000 | 3,100,000,000 |
| 7. The Financial Statements and Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 3,100,000,000 | 3,100,000,000 |
| 8. The Financial Statements and Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 3,100,000,000 | 3,100,000,000 |
| 9. The Financial Statements and Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 3,100,000,000 | 3,100,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 41

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| 1. The United States, 1.1.1, Revenues, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050, 2051, 2052, 2053, 2054, 2055, 2056, 2057, 2058, 2059, 2060, 2061, 2062, 2063, 2064, 2065, 2066, 2067, 2068, 2069, 2070, 2071, 2072, 2073, 2074, 2075, 2076, 2077, 2078, 2079, 2080, 2081, 2082, 2083, 2084, 2085, 2086, 2087, 2088, 2089, 2090, 2091, 2092, 2093, 2094, 2095, 2096, 2097, 2098, 2099, 2100, 2101, 2102, 2103, 2104, 2105, 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118, 2119, 2120, 2121, 2122, 2123, 2124, 2125, 2126, 2127, 2128, 2129, 2130, 2131, 2132, 2133, 2134, 2135, 2136, 2137, 2138, 2139, 2140, 2141, 2142, 2143, 2144, 2145, 2146, 2147, 2148, 2149, 2150, 2151, 2152, 2153, 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161, 2162, 2163, 2164, 2165, 2166, 2167, 2168, 2169, 2170, 2171, 2172, 2173, 2174, 2175, 2176, 2177, 2178, 2179, 2180, 2181, 2182, 2183, 2184, 2185, 2186, 2187, 2188, 2189, 2190, 2191, 2192, 2193, 2194, 2195, 2196, 2197, 2198, 2199, 2200, 2201, 2202, 2203, 2204, 2205, 2206, 2207, 2208, 2209, 2210, 2211, 2212, 2213, 2214, 2215, 2216, 2217, 2218, 2219, 2220, 2221, 2222, 2223, 2224, 2225, 2226, 2227, 2228, 2229, 2230, 2231, 2232, 2233, 2234, 2235, 2236, 2237, 2238, 2239, 2240, 2241, 2242, 2243, 2244, 2245, 2246, 2247, 2248, 2249, 2250, 2251, 2252, 2253, 2254, 2255, 2256, 2257, 2258, 2259, 2260, 2261, 2262, 2263, 2264, 2265, 2266, 2267, 2268, 2269, 2270, 2271, 2272, 2273, 2274, 2275, 2276, 2277, 2278, 2279, 2280, 2281, 2282, 2283, 2284, 2285, 2286, 2287, 2288, 2289, 2290, 2291, 2292, 2293, 2294, 2295, 2296, 2297, 2298, 2299, 2300, 2301, 2302, 2303, 2304, 2305, 2306, 2307, 2308, 2309, 2310, 2311, 2312, 2313, 2314, 2315, 2316, 2317, 2318, 2319, 2320, 2321, 2322, 2323, 2324, 2325, 2326, 2327, 2328, 2329, 2330, 2331, 2332, 2333, 2334, 2335, 2336, 2337, 2338, 2339, 2340, 2341, 2342, 2343, 2344, 2345, 2346, 2347, 2348, 2349, 2350, 2351, 2352, 2353, 2354, 2355, 2356, 2357, 2358, 2359, 2360, 2361, 2362, 2363, 2364, 2365, 2366, 2367, 2368, 2369, 2370, 2371, 2372, 2373, 2374, 2375, 2376, 2377, 2378, 2379, 2380, 2381, 2382, 2383, 2384, 2385, 2386, 2387, 2388, 2389, 2390, 2391, 2392, 2393, 2394, 2395, 2396, 2397, 2398, 2399, 2400, 2401, 2402, 2403, 2404, 2405, 2406, 2407, 2408, 2409, 2410, 2411, 2412, 2413, 2414, 2415, 2416, 2417, 2418, 2419, 2420, 2421, 2422, 2423, 2424, 2425, 2426, 2427, 2428, 2429, 2430, 2431, 2432, 2433, 2434, 2435, 2436, 2437, 2438, 2439, 2440, 2441, 2442, 2443, 2444, 2445, 2446, 2447, 2448, 2449, 2450, 2451, 2452, 2453, 2454, 2455, 2456, 2457, 2458, 2459, 2460, 2461, 2462, 2463, 2464, 2465, 2466, 2467, 2468, 2469, 2470, 2471, 2472, 2473, 2474, 2475, 2476, 2477, 2478, 2479, 2480, 2481, 2482, 2483, 2484, 2485, 2486, 2487, 2488, 2489, 2490, 2491, 2492, 2493, 2494, 2495, 2496, 2497, 2498, 2499, 2500, 2501, 2502, 2503, 2504, 2505, 2506, 2507, 2508, 2509, 2510, 2511, 2512, 2513, 2514, 2515, 2516, 2517, 2518, 2519, 2520, 2521, 2522, 2523, 2524, 2525, 2526, 2527, 2528, 2529, 2530, 2531, 2532, 2533, 2534, 2535, 2536, 2537, 2538, 2539, 2540, 2541, 2542, 2543, 2544, 2545, 2546, 2547, 2548, 2549, 2550, 2551, 2552, 2553, 2554, 2555, 2556, 2557, 2558, 2559, 2560, 2561, 2562, 2563, 2564, 2565, 2566, 2567, 2568, 2569, 2570, 2571, 2572, 2573, 2574, 2575, 2576, 2577, 2578, 2579, 2580, 2581, 2582, 2583, 2584, 2585, 2586, 2587, 2588, 2589, 2590, 2591, 2592, 2593, 2594, 2595, 2596, 2597, 2598, 2599, 2600, 2601, 2602, 2603, 2604, 2605, 2606, 2607, 2608, 2609, 2610, 2611, 2612, 2613, 2614, 2615, 2616, 2617, 2618, 2619, 2620, 2621, 2622, 2623, 2624, 2625, 2626, 2627, 2628, 2629, 2630, 2631, 2632, 2633, 2634, 2635, 2636, 2637, 2638, 2639, 2640, 2641, 2642, 2643, 2644, 2645, 2646, 2647, 2648, 2649, 2650, 2651, 2652, 2653, 2654, 2655, 2656, 2657, 2658, 2659, 2660, 2661, 2662, 2663, 2664, 2665, 2666, 2667, 2668, 2669, 2670, 2671, 2672, 2673, 2674, 2675, 2676, 2677, 2678, 2679, 2680, 2681, 2682, 2683, 2684, 2685, 2686, 2687, 2688, 2689, 2690, 2691, 2692, 2693, 2694, 2695, 2696, 2697, 2698, 2699, 2700, 2701, 2702, 2703, 2704, 2705, 2706, 2707, 2708, 2709, 2710, 2711, 2712, 2713, 2714, 2715, 2716, 2717, 2718, 2719, 2720, 2721, 2722, 2723, 2724, 2725, 2726, 2727, 2728, 2729, 2730, 2731, 2732, 2733, 2734, 2735, 2736, 2737, 2738, 2739, 2740, 2741, 2742, 2743, 2744, 2745, 2746, 2747, 2748, 2749, 2750, 2751, 2752, 2753, 2754, 2755, 2756, 2757, 2758, 2759, 2760, 2761, 2762, 2763, 2764, 2765, 2766, 2767, 2768, 2769, 2770, 2771, 2772, 2773, 2774, 2775, 2776, 2777, 2778, 2779, 2780, 2781, 2782, 2783, 2784, 2785, 2786, 2787, 2788, 2789, 2790, 2791, 2792, 2793, 2794, 2795, 2796, 2797, 2798, 2799, 2800, 2801, 2802, 2803, 2804, 2805, 2806, 2807, 2808, 2809, 2810, 2811, 2812, 2813, 2814, 2815, 2816, 2817, 2818, 2819, 2820, 2821, 2822, 2823, 2824, 2825, 2826, 2827, 2828, 2829, 2830, 2831, 2832, 2833, 2834, 2835, 2836, 2837, 2838, 2839, 2840, 2841, 2842, 2843, 2844, 2845, 2846, 2847, 2848, 2849, 2850, 2851, 2852, 2853, 2854, 2855, 2856, 2857, 2858, 2859, 2860, 2861, 2862, 2863, 2864, 2865, 2866, 2867, 2868, 2869, 2870, 2871, 2872, 2873, 2874, 2875, 2876, 2877, 2878, 2879, 2880, 2881, 2882, 2883, 2884, 2885, 2886, 2887, 2888, 2889, 2890, 2891, 2892, 2893, 2894, 2895, 2896, 2897, 2898, 2899, 2900, 2901, 2902, 2903, 2904, 2905, 2906, 2907, 2908, 2909, 2910, 2911, 2912, 2913, 2914, 2915, 2916, 2917, 2918, 2919, 2920, 2921, 2922, 2923, 2924, 2925, 2926, 2927, 2928, 2929, 2930, 2931, 2932, 2933, 2934, 2935, 2936, 2937, 2938, 2939, 2940, 2941, 2942, 2943, 2944, 2945, 2946, 2947, 2948, 2949, 2950, 2951, 2952, 2953, 2954, 2955, 2956, 2957, 2958, 2959, 2960, 2961, 2962, 2963, 2964, 2965, 2966, 2967, 2968, 2969, 2970, 2971, 2972, 2973, 2974, 2975, 2976, 2977, 2978, 2979, 2980, 2981, 2982, 2983, 2984, 2985, 2986, 2987, 2988, 2989, 2990, 2991, 2992, 2993, 2994, 2995, 2996, 2997, 2998, 2999, 3000 |
| --- |

92 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Amount |
| --- | --- |
| Franklin High Yield Tax-Free Income Fund (continued) | 4,000,000.00 |
| Franklin High Yield Tax-Free Income Fund (continued) | 4,000,000.00 |
| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000.00 |
| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000.00 |
| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000.00 |
| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 42

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Year | Principal |
| --- | --- |
| 1 | $1,000,000.00 |
| 2 | $1,000,000.00 |
| 3 | $1,000,000.00 |
| 4 | $1,000,000.00 |
| 5 | $1,000,000.00 |
| 6 | $1,000,000.00 |
| 7 | $1,000,000.00 |
| 8 | $1,000,000.00 |
| 9 | $1,000,000.00 |
| 10 | $1,000,000.00 |

92 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Proposed | 2016 |
| --- | --- | --- |
| Franklin High Yield Tax Free Income Fund (continued) |  |  |
| Franklin High Yield Tax Free Income Fund (continued) |  |  |
| Franklin High Yield Tax Free Income Fund (continued) |  |  |
| Franklin High Yield Tax Free Income Fund (continued) |  |  |
| Franklin High Yield Tax Free Income Fund (continued) |  |  |
| Franklin High Yield Tax Free Income Fund (continued) |  |  |
| Franklin High Yield Tax Free Income Fund (continued) |  |  |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 88

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| 1. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 2. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 3. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 4. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 5. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 6. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 7. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 8. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 9. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 10. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 11. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 12. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 13. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 14. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 15. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 16. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 17. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 18. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 19. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 20. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |

98 Quarterly Schedule of Investment - See Notes to Schedule of Investments.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Financial Services, Inc. (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| Financial Services, Inc. (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) | 1,000,000.00 | 1,000,000.00 |
| Financial Services, Inc. (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) (FCA) | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 67

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Franklin High Yield Tax Free Income Fund (continued) | 2,000,000,000 | 2,000,000,000 |
| --- | --- | --- |
| Franklin High Yield Tax Free Income Fund (continued) | 2,000,000,000 | 2,000,000,000 |
| Franklin High Yield Tax Free Income Fund (continued) | 2,000,000,000 | 2,000,000,000 |
| Franklin High Yield Tax Free Income Fund (continued) | 2,000,000,000 | 2,000,000,000 |

88 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| 1. 2014年1月1日,公司以人民币1,000万元为基数,向中国银行股份有限公司上海分行申请的综合授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度 | 4,000,000,000 | 4,000,000,000 |
| --- | --- | --- |
| 2. 2014年1月1日,公司以人民币1,000万元为基数,向中国银行股份有限公司上海分行申请的综合授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元 | 14,000,000,000 | 14,000,000,000 |
| 3. 2014年1月1日,公司以人民币1,000万元为基数,向中国银行股份有限公司上海分行申请的综合授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元 | 14,000,000,000 | 14,000,000,000 |
| 4. 2014年1月1日,公司以人民币1,000万元为基数,向中国银行股份有限公司上海分行申请的综合授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元 | 14,000,000,000 | 14,000,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments 48

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

|  | Proposed |  |
| --- | --- | --- |
| 1. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 2. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 3. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 4. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 5. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 6. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 7. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 8. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 9. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 10. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 11. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 12. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |
| 13. Financial Statements and Statements of Financial Statements | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 71

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Source of Income | Percentage | Total |
| --- | --- | --- |
| Financial Statements and Statements of Financial Statements | 100.00% | 100.00% |
| Financial Statements and Statements of Financial Statements | 100.00% | 100.00% |
| Financial Statements and Statements of Financial Statements | 100.00% | 100.00% |
| Financial Statements and Statements of Financial Statements | 100.00% | 100.00% |
| Financial Statements and Statements of Financial Statements | 100.00% | 100.00% |

70 Quarterly Schedule of Investment - See Notes to Schedule of Investments.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Proposed | 2023 |
| --- | --- | --- |
| Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| Bank of America, Inc. (1) 1,000,000 | 1,000,000 | 1,000,000 |
| Bank of America, Inc. (2) 1,000,000 | 1,000,000 | 1,000,000 |
| Bank of America, Inc. (3) 1,000,000 | 1,000,000 | 1,000,000 |
| Bank of America, Inc. (4) 1,000,000 | 1,000,000 | 1,000,000 |
| Bank of America, Inc. (5) 1,000,000 | 1,000,000 | 1,000,000 |
| Bank of America, Inc. (6) 1,000,000 | 1,000,000 | 1,000,000 |
| Bank of America, Inc. (7) 1,000,000 | 1,000,000 | 1,000,000 |
| Bank of America, Inc. (8) 1,000,000 | 1,000,000 | 1,000,000 |
| Bank of America, Inc. (9) 1,000,000 | 1,000,000 | 1,000,000 |
| Bank of America, Inc. (10) 1,000,000 | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 72

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| 1. ALLUMBERS, BROS. & CO., INC. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,000,000,000 | 1,000,000,000 |
| --- | --- | --- |
| 2. ALLUMBERS, BROS. & CO., INC. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,000,000,000 | 1,000,000,000 |
| 3. ALLUMBERS, BROS. & CO., INC. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,000,000,000 | 1,000,000,000 |
| 4. ALLUMBERS, BROS. & CO., INC. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,000,000,000 | 1,000,000,000 |

76 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| 1. 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050, 2051, 2052, 2053, 2054, 2055, 2056, 2057, 2058, 2059, 2060, 2061, 2062, 2063, 2064, 2065, 2066, 2067, 2068, 2069, 2070, 2071, 2072, 2073, 2074, 2075, 2076, 2077, 2078, 2079, 2080, 2081, 2082, 2083, 2084, 2085, 2086, 2087, 2088, 2089, 2090, 2091, 2092, 2093, 2094, 2095, 2096, 2097, 2098, 2099, 2100, 2101, 2102, 2103, 2104, 2105, 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118, 2119, 2120, 2121, 2122, 2123, 2124, 2125, 2126, 2127, 2128, 2129, 2130, 2131, 2132, 2133, 2134, 2135, 2136, 2137, 2138, 2139, 2140, 2141, 2142, 2143, 2144, 2145, 2146, 2147, 2148, 2149, 2150, 2151, 2152, 2153, 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161, 2162, 2163, 2164, 2165, 2166, 2167, 2168, 2169, 2170, 2171, 2172, 2173, 2174, 2175, 2176, 2177, 2178, 2179, 2180, 2181, 2182, 2183, 2184, 2185, 2186, 2187, 2188, 2189, 2190, 2191, 2192, 2193, 2194, 2195, 2196, 2197, 2198, 2199, 2200, 2201, 2202, 2203, 2204, 2205, 2206, 2207, 2208, 2209, 2210, 2211, 2212, 2213, 2214, 2215, 2216, 2217, 2218, 2219, 2220, 2221, 2222, 2223, 2224, 2225, 2226, 2227, 2228, 2229, 2230, 2231, 2232, 2233, 2234, 2235, 2236, 2237, 2238, 2239, 2240, 2241, 2242, 2243, 2244, 2245, 2246, 2247, 2248, 2249, 2250, 2251, 2252, 2253, 2254, 2255, 2256, 2257, 2258, 2259, 2260, 2261, 2262, 2263, 2264, 2265, 2266, 2267, 2268, 2269, 2270, 2271, 2272, 2273, 2274, 2275, 2276, 2277, 2278, 2279, 2280, 2281, 2282, 2283, 2284, 2285, 2286, 2287, 2288, 2289, 2290, 2291, 2292, 2293, 2294, 2295, 2296, 2297, 2298, 2299, 2300, 2301, 2302, 2303, 2304, 2305, 2306, 2307, 2308, 2309, 2310, 2311, 2312, 2313, 2314, 2315, 2316, 2317, 2318, 2319, 2320, 2321, 2322, 2323, 2324, 2325, 2326, 2327, 2328, 2329, 2330, 2331, 2332, 2333, 2334, 2335, 2336, 2337, 2338, 2339, 2340, 2341, 2342, 2343, 2344, 2345, 2346, 2347, 2348, 2349, 2350, 2351, 2352, 2353, 2354, 2355, 2356, 2357, 2358, 2359, 2360, 2361, 2362, 2363, 2364, 2365, 2366, 2367, 2368, 2369, 2370, 2371, 2372, 2373, 2374, 2375, 2376, 2377, 2378, 2379, 2380, 2381, 2382, 2383, 2384, 2385, 2386, 2387, 2388, 2389, 2390, 2391, 2392, 2393, 2394, 2395, 2396, 2397, 2398, 2399, 2400, 2401, 2402, 2403, 2404, 2405, 2406, 2407, 2408, 2409, 2410, 2411, 2412, 2413, 2414, 2415, 2416, 2417, 2418, 2419, 2420, 2421, 2422, 2423, 2424, 2425, 2426, 2427, 2428, 2429, 2430, 2431, 2432, 2433, 2434, 2435, 2436, 2437, 2438, 2439, 2440, 2441, 2442, 2443, 2444, 2445, 2446, 2447, 2448, 2449, 2450, 2451, 2452, 2453, 2454, 2455, 2456, 2457, 2458, 2459, 2460, 2461, 2462, 2463, 2464, 2465, 2466, 2467, 2468, 2469, 2470, 2471, 2472, 2473, 2474, 2475, 2476, 2477, 2478, 2479, 2480, 2481, 2482, 2483, 2484, 2485, 2486, 2487, 2488, 2489, 2490, 2491, 2492, 2493, 2494, 2495, 2496, 2497, 2498, 2499, 2500, 2501, 2502, 2503, 2504, 2505, 2506, 2507, 2508, 2509, 2510, 2511, 2512, 2513, 2514, 2515, 2516, 2517, 2518, 2519, 2520, 2521, 2522, 2523, 2524, 2525, 2526, 2527, 2528, 2529, 2530, 2531, 2532, 2533, 2534, 2535, 2536, 2537, 2538, 2539, 2540, 2541, 2542, 2543, 2544, 2545, 2546, 2547, 2548, 2549, 2550, 2551, 2552, 2553, 2554, 2555, 2556, 2557, 2558, 2559, 2560, 2561, 2562, 2563, 2564, 2565, 2566, 2567, 2568, 2569, 2570, 2571, 2572, 2573, 2574, 2575, 2576, 2577, 2578, 2579, 2580, 2581, 2582, 2583, 2584, 2585, 2586, 2587, 2588, 2589, 2590, 2591, 2592, 2593, 2594, 2595, 2596, 2597, 2598, 2599, 2600, 2601, 2602, 2603, 2604, 2605, 2606, 2607, 2608, 2609, 2610, 2611, 2612, 2613, 2614, 2615, 2616, 2617, 2618, 2619, 2620, 2621, 2622, 2623, 2624, 2625, 2626, 2627, 2628, 2629, 2630, 2631, 2632, 2633, 2634, 2635, 2636, 2637, 2638, 2639, 2640, 2641, 2642, 2643, 2644, 2645, 2646, 2647, 2648, 2649, 2650, 2651, 2652, 2653, 2654, 2655, 2656, 2657, 2658, 2659, 2660, 2661, 2662, 2663, 2664, 2665, 2666, 2667, 2668, 2669, 2670, 2671, 2672, 2673, 2674, 2675, 2676, 2677, 2678, 2679, 2680, 2681, 2682, 2683, 2684, 2685, 2686, 2687, 2688, 2689, 2690, 2691, 2692, 2693, 2694, 2695, 2696, 2697, 2698, 2699, 2700, 2701, 2702, 2703, 2704, 2705, 2706, 2707, 2708, 2709, 2710, 2711, 2712, 2713, 2714, 2715, 2716, 2717, 2718, 2719, 2720, 2721, 2722, 2723, 2724, 2725, 2726, 2727, 2728, 2729, 2730, 2731, 2732, 2733, 2734, 2735, 2736, 2737, 2738, 2739, 2740, 2741, 2742, 2743, 2744, 2745, 2746, 2747, 2748, 2749, 2750, 2751, 2752, 2753, 2754, 2755, 2756, 2757, 2758, 2759, 2760, 2761, 2762, 2763, 2764, 2765, 2766, 2767, 2768, 2769, 2770, 2771, 2772, 2773, 2774, 2775, 2776, 2777, 2778, 2779, 2780, 2781, 2782, 2783, 2784, 2785, 2786, 2787, 2788, 2789, 2790, 2791, 2792, 2793, 2794, 2795, 2796, 2797, 2798, 2799, 2800, 2801, 2802, 2803, 2804, 2805, 2806, 2807, 2808, 2809, 2810, 2811, 2812, 2813, 2814, 2815, 2816, 2817, 2818, 2819, 2820, 2821, 2822, 2823, 2824, 2825, 2826, 2827, 2828, 2829, 2830, 2831, 2832, 2833, 2834, 2835, 2836, 2837, 2838, 2839, 2840, 2841, 2842, 2843, 2844, 2845, 2846, 2847, 2848, 2849, 2850, 2851, 2852, 2853, 2854, 2855, 2856, 2857, 2858, 2859, 2860, 2861, 2862, 2863, 2864, 2865, 2866, 2867, 2868, 2869, 2870, 2871, 2872, 2873, 2874, 2875, 2876, 2877, 2878, 2879, 2880, 2881, 2882, 2883, 2884, 2885, 2886, 2887, 2888, 2889, 2890, 2891, 2892, 2893, 2894, 2895, 2896, 2897, 2898, 2899, 2900, 2901, 2902, 2903, 2904, 2905, 2906, 2907, 2908, 2909, 2910, 2911, 2912, 2913, 2914, 2915, 2916, 2917, 2918, 2919, 2920, 2921, 2922, 2923, 2924, 2925, 2926, 2927, 2928, 2929, 2930, 2931, 2932, 2933, 2934, 2935, 2936, 2937, 2938, 2939, 2940, 2941, 2942, 2943, 2944, 2945, 2946, 2947, 2948, 2949, 2950, 2951, 2952, 2953, 2954, 2955, 2956, 2957, 2958, 2959, 2960, 2961, 2962, 2963, 2964, 2965, 2966, 2967, 2968, 2969, 2970, 2971, 2972, 2973, 2974, 2975, 2976, 2977, 2978, 2979, 2980, 2981, 2982, 2983, 2984, 2985, 2986, 2987, 2988, 2989, 2990, 2991, 2992, 2993, 2994, 2995, 2996, 2997, 2998, 2999, 3000 |
| --- |

See Notes to Schedules of Investments Quarterly Schedule of Investments 75

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| 1. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 1. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements |
| --- | --- |
| 2. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 2. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements |
| 3. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 3. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements |

76 Quarterly Schedule of Investment - See Note to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| 1. ALL FINANCIAL TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| 2. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 3. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 4. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 5. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 6. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 7. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 8. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 9. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 10. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 11. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 12. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 13. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 14. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 15. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 16. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 17. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 18. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 19. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |
| 20. TAXES AND EQUITY TAXES (IF ANY) | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 37

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Value |
| --- | --- |
| Franklin High Yield Tax-Free Income Fund (continued) | $1,000,000 |
| Franklin High Yield Tax-Free Income Fund (continued) | $1,000,000 |
| Franklin High Yield Tax-Free Income Fund (continued) | $1,000,000 |

76 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Bank of America, Inc. (1984) | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| Bank of America, Inc. (1985) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1986) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1987) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1988) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1989) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1990) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1991) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1992) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1993) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1994) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1995) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1996) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1997) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1998) | 1,000,000.00 | 1,000,000.00 |
| Bank of America, Inc. (1999) | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 70

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Description | Proposed 2018 | Proposed 2017 |
| --- | --- | --- |
| Financial Statements and Statements of Financial Statements, 2021, 3.3%, 5.6% | 1,000,000,000 | 1,000,000,000 |
| Financial Statements and Statements of Financial Statements, 2021, 2.7%, 5.6% | 1,000,000,000 | 1,000,000,000 |
| Financial Statements and Statements of Financial Statements, 2021, 3.3%, 5.6% | 1,000,000,000 | 1,000,000,000 |
| Financial Statements and Statements of Financial Statements, 2021, 3.3%, 5.6% | 1,000,000,000 | 1,000,000,000 |
| Financial Statements and Statements of Financial Statements, 2021, 3.3%, 5.6% | 1,000,000,000 | 1,000,000,000 |
| Financial Statements and Statements of Financial Statements, 2021, 3.3%, 5.6% | 1,000,000,000 | 1,000,000,000 |

88 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX-FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Funded |
| --- | --- |
| Franklin High Yield Tax-Free Income Fund (continued) | 2,000,000.00 |
| Franklin High Yield Tax-Free Income Fund (continued) | 2,000,000.00 |
| Franklin High Yield Tax-Free Income Fund (continued) | 2,000,000.00 |
| Franklin High Yield Tax-Free Income Fund (continued) | 2,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 61

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)[{"box_2d": [18, 65, 460, 122], "label": "table", "caption": "

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

| Fund | 2023 | 2022 |
| --- | --- | --- |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |
| Financial Investment (FDI) - Annualized | 1,000,000,000 | 1,000,000,000 |

<table><thead><tr><th>Fund</th><th>2023</th><th>2022</th></tr></thead><tr><td>Financial Investment (FDI) - Annualized</td><td>1,000,000,000</td><td

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Year | Proposed | 2013/14 |
| --- | --- | --- |
| 2013/14 | $1,000,000 | $1,000,000 |
| 2014/15 | $1,000,000 | $1,000,000 |
| 2015/16 | $1,000,000 | $1,000,000 |
| 2016/17 | $1,000,000 | $1,000,000 |
| 2017/18 | $1,000,000 | $1,000,000 |
| 2018/19 | $1,000,000 | $1,000,000 |
| 2019/20 | $1,000,000 | $1,000,000 |
| 2020/21 | $1,000,000 | $1,000,000 |
| 2021/22 | $1,000,000 | $1,000,000 |
| 2022/23 | $1,000,000 | $1,000,000 |
| 2023/24 | $1,000,000 | $1,000,000 |
| 2024/25 | $1,000,000 | $1,000,000 |
| 2025/26 | $1,000,000 | $1,000,000 |
| 2026/27 | $1,000,000 | $1,000,000 |
| 2027/28 | $1,000,000 | $1,000,000 |
| 2028/29 | $1,000,000 | $1,000,000 |
| 2029/30 | $1,000,000 | $1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 42

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Funding | Percentage |
| --- | --- |
| Financial Assets | 100.00% |
| Investments | 100.00% |
| Investments at the time of the year | 100.00% |
| Investments at the time of the year | 100.00% |
| Investments at the time of the year | 100.00% |
| Investments at the time of the year | 100.00% |
| Investments at the time of the year | 100.00% |

86 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| 1. Bank of America's First National Bank (1961, 1962, 1963) | 1,000,000,000 | 1,000,000,000 |
| --- | --- | --- |
| 2. Bank of America's First National Bank (1962, 1963, 1964) | 1,000,000,000 | 1,000,000,000 |
| 3. Bank of America's First National Bank (1963, 1964, 1965) | 1,000,000,000 | 1,000,000,000 |
| 4. Bank of America's First National Bank (1964, 1965, 1966) | 1,000,000,000 | 1,000,000,000 |
| 5. Bank of America's First National Bank (1965, 1966, 1967) | 1,000,000,000 | 1,000,000,000 |
| 6. Bank of America's First National Bank (1966, 1967, 1968) | 1,000,000,000 | 1,000,000,000 |
| 7. Bank of America's First National Bank (1967, 1968, 1969) | 1,000,000,000 | 1,000,000,000 |
| 8. Bank of America's First National Bank (1968, 1969, 1970) | 1,000,000,000 | 1,000,000,000 |
| 9. Bank of America's First National Bank (1969, 1970, 1971) | 1,000,000,000 | 1,000,000,000 |
| 10. Bank of America's First National Bank (1970, 1971, 1972) | 1,000,000,000 | 1,000,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 45

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Fund | 1996 | 1995 |
| --- | --- | --- |
| Franklin Financial Services Corporation | 1,000,000 | 1,000,000 |
| Franklin Financial Services Corporation | 1,000,000 | 1,000,000 |
| Franklin Financial Services Corporation | 1,000,000 | 1,000,000 |
| Franklin Financial Services Corporation | 1,000,000 | 1,000,000 |
| Franklin Financial Services Corporation | 1,000,000 | 1,000,000 |

98 | Quarterly Schedule of Investment | See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Funded Account | 2023 | 2022 |
| --- | --- | --- |
| Franklin High Yield Tax-Free Income Fund (continued) | $1,000,000 | $1,000,000 |
| Franklin High Yield Tax-Free Income Fund (continued) | $1,000,000 | $1,000,000 |
| Franklin High Yield Tax-Free Income Fund (continued) | $1,000,000 | $1,000,000 |
| Franklin High Yield Tax-Free Income Fund (continued) | $1,000,000 | $1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 47

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| 1. Financial Assets (in thousands of dollars) | 1,000,000,000 | 1,000,000,000 |
| --- | --- | --- |
| 2. Non-Shareholders' Equity (in thousands of dollars) | 1,000,000,000 | 1,000,000,000 |
| 3. Non-Shareholders' Equity (in thousands of dollars) | 1,000,000,000 | 1,000,000,000 |
| 4. Non-Shareholders' Equity (in thousands of dollars) | 1,000,000,000 | 1,000,000,000 |
| 5. Non-Shareholders' Equity (in thousands of dollars) | 1,000,000,000 | 1,000,000,000 |
| 6. Non-Shareholders' Equity (in thousands of dollars) | 1,000,000,000 | 1,000,000,000 |
| 7. Non-Shareholders' Equity (in thousands of dollars) | 1,000,000,000 | 1,000,000,000 |
| 8. Non-Shareholders' Equity (in thousands of dollars) | 1,000,000,000 | 1,000,000,000 |
| 9. Non-Shareholders' Equity (in thousands of dollars) | 1,000,000,000 | 1,000,000,000 |
| 10. Non-Shareholders' Equity (in thousands of dollars) | 1,000,000,000 | 1,000,000,000 |

38 Quarterly Schedule of Investment - See Notes to Schedule of Investments.

FRANKLIN TAX-FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |
| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |
| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 48

FRANKLIN TEA-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tea-Free Income Fund (continued)

| 1. 2014年1月1日,公司以人民币1,000万元为基数,向中国银行股份有限公司上海分行申请的综合授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度 | 1,000,000,000 | 1,000,000,000 |
| --- | --- | --- |
| 2. 2014年1月1日,公司以人民币1,000万元为基数,向中国银行股份有限公司上海分行申请的综合授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度 | 1,000,000,000 | 1,000,000,000 |

10

Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| 1. The Franklin Family Fund (Funds) is a member of the Franklin Family Fund (Funds) in the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 2. The Franklin Family Fund (Funds) is a member of the Franklin Family Fund (Funds) in the United States. | 1,000,000 | 1,000,000 |
| 3. The Franklin Family Fund (Funds) is a member of the Franklin Family Fund (Funds) in the United States. | 1,000,000 | 1,000,000 |
| 4. The Franklin Family Fund (Funds) is a member of the Franklin Family Fund (Funds) in the United States. | 1,000,000 | 1,000,000 |
| 5. The Franklin Family Fund (Funds) is a member of the Franklin Family Fund (Funds) in the United States. | 1,000,000 | 1,000,000 |
| 6. The Franklin Family Fund (Funds) is a member of the Franklin Family Fund (Funds) in the United States. | 1,000,000 | 1,000,000 |
| 7. The Franklin Family Fund (Funds) is a member of the Franklin Family Fund (Funds) in the United States. | 1,000,000 | 1,000,000 |
| 8. The Franklin Family Fund (Funds) is a member of the Franklin Family Fund (Funds) in the United States. | 1,000,000 | 1,000,000 |
| 9. The Franklin Family Fund (Funds) is a member of the Franklin Family Fund (Funds) in the United States. | 1,000,000 | 1,000,000 |
| 10. The Franklin Family Fund (Funds) is a member of the Franklin Family Fund (Funds) in the United States. | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 61

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| 1. The following table provides the information in a specific format: | 2018 | 2017 |
| --- | --- | --- |
| 2. The following table provides the information in a specific format: | 2018 | 2017 |
| 3. The following table provides the information in a specific format: | 2018 | 2017 |
| 4. The following table provides the information in a specific format: | 2018 | 2017 |
| 5. The following table provides the information in a specific format: | 2018 | 2017 |
| 6. The following table provides the information in a specific format: | 2018 | 2017 |
| 7. The following table provides the information in a specific format: | 2018 | 2017 |
| 8. The following table provides the information in a specific format: | 2018 | 2017 |
| 9. The following table provides the information in a specific format: | 2018 | 2017 |
| 10. The following table provides the information in a specific format: | 2018 | 2017 |
| 11. The following table provides the information in a specific format: | 2018 | 2017 |
| 12. The following table provides the information in a specific format: | 2018 | 2017 |
| 13. The following table provides the information in a specific format: | 2018 | 2017 |
| 14. The following table provides the information in a specific format: | 2018 | 2017 |
| 15. The following table provides the information in a specific format: | 2018 | 2017 |
| 16. The following table provides the information in a specific format: | 2018 | 2017 |
| 17. The following table provides the information in a specific format: | 2018 | 2017 |
| 18. The following table provides the information in a specific format: | 2018 | 2017 |
| 19. The following table provides the information in a specific format: | 2018 | 2017 |
| 20. The following table provides the information in a specific format: | 2018 | 2017 |

92 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)[{"box_2d": [35, 69, 461, 126], "label": "table", "caption": "

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: |  |  |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

| Description | Proposed | Total |
| --- | --- | --- |
| Total of the total amount of the financial assets, December 31, 2011, including: | 7,220,000,000 | 7,220,000,000 |

<table><thead><tr><th>

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| ISSUE | QUANTITY |
| --- | --- |
| 1. Financial Statements and Statements of Financial Statements | 1,000,000 |
| 2. Financial Statements and Statements of Financial Statements | 1,000,000 |
| 3. Financial Statements and Statements of Financial Statements | 1,000,000 |
| 4. Financial Statements and Statements of Financial Statements | 1,000,000 |
| 5. Financial Statements and Statements of Financial Statements | 1,000,000 |
| 6. Financial Statements and Statements of Financial Statements | 1,000,000 |
| 7. Financial Statements and Statements of Financial Statements | 1,000,000 |
| 8. Financial Statements and Statements of Financial Statements | 1,000,000 |
| 9. Financial Statements and Statements of Financial Statements | 1,000,000 |
| 10. Financial Statements and Statements of Financial Statements | 1,000,000 |

92 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Franklin Corporation's Financial Services, Inc. (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) | 2,000,000,000 | 2,000,000,000 |
| --- | --- | --- |
| Franklin Corporation's Financial Services, Inc. (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) | 2,000,000,000 | 2,000,000,000 |
| Franklin Corporation's Financial Services, Inc. (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) (Funds) | 2,000,000,000 | 2,000,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 85

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Year | Funded | Total |
| --- | --- | --- |
| 1. First National Income Tax Fund (1st National Income Tax Fund) | 1,000,000 | 1,000,000 |
| 2. First National Income Tax Fund (2nd National Income Tax Fund) | 1,000,000 | 1,000,000 |
| 3. First National Income Tax Fund (3rd National Income Tax Fund) | 1,000,000 | 1,000,000 |
| 4. First National Income Tax Fund (4th National Income Tax Fund) | 1,000,000 | 1,000,000 |
| 5. First National Income Tax Fund (5th National Income Tax Fund) | 1,000,000 | 1,000,000 |
| 6. First National Income Tax Fund (6th National Income Tax Fund) | 1,000,000 | 1,000,000 |
| 7. First National Income Tax Fund (7th National Income Tax Fund) | 1,000,000 | 1,000,000 |
| 8. First National Income Tax Fund (8th National Income Tax Fund) | 1,000,000 | 1,000,000 |
| 9. First National Income Tax Fund (9th National Income Tax Fund) | 1,000,000 | 1,000,000 |
| 10. First National Income Tax Fund (10th National Income Tax Fund) | 1,000,000 | 1,000,000 |

96 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| 1. 2017年1月1日 | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| 2. 2017年1月2日 | 1,000,000.00 | 1,000,000.00 |
| 3. 2017年1月3日 | 1,000,000.00 | 1,000,000.00 |
| 4. 2017年1月4日 | 1,000,000.00 | 1,000,000.00 |
| 5. 2017年1月5日 | 1,000,000.00 | 1,000,000.00 |
| 6. 2017年1月6日 | 1,000,000.00 | 1,000,000.00 |
| 7. 2017年1月7日 | 1,000,000.00 | 1,000,000.00 |
| 8. 2017年1月8日 | 1,000,000.00 | 1,000,000.00 |
| 9. 2017年1月9日 | 1,000,000.00 | 1,000,000.00 |
| 10. 2017年1月10日 | 1,000,000.00 | 1,000,000.00 |
| 11. 2017年1月11日 | 1,000,000.00 | 1,000,000.00 |
| 12. 2017年1月12日 | 1,000,000.00 | 1,000,000.00 |
| 13. 2017年1月13日 | 1,000,000.00 | 1,000,000.00 |
| 14. 2017年1月14日 | 1,000,000.00 | 1,000,000.00 |
| 15. 2017年1月15日 | 1,000,000.00 | 1,000,000.00 |
| 16. 2017年1月16日 | 1,000,000.00 | 1,000,000.00 |
| 17. 2017年1月17日 | 1,000,000.00 | 1,000,000.00 |
| 18. 2017年1月18日 | 1,000,000.00 | 1,000,000.00 |
| 19. 2017年1月19日 | 1,000,000.00 | 1,000,000.00 |
| 20. 2017年1月20日 | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 87

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| ISSUE | ACTUAL | ESTIMATED |
| --- | --- | --- |
| 1. Financial Statements (1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |
| 2. Financial Statements (2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |
| 3. Financial Statements (3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |
| 4. Financial Statements (4th, 5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |
| 5. Financial Statements (5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |
| 6. Financial Statements (6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |
| 7. Financial Statements (7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |
| 8. Financial Statements (8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |

92 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNMUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Value |
| --- | --- |
| 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 40

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Percentage | U.S. Tax |
| --- | --- | --- |
| 1. Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| 2. Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| 3. Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| 4. Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| 5. Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| 6. Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| 7. Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| 8. Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| 9. Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| 10. Franklin High Yield Tax-Free Income Fund (continued) |  |  |

260 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Funded | Funded |
| --- | --- |
| 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 101

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Year | 1st Year | 2nd Year |
| --- | --- | --- |
| 1. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 2. Assets | 1,000,000,000 | 1,000,000,000 |
| 3. Assets | 1,000,000,000 | 1,000,000,000 |
| 4. Assets | 1,000,000,000 | 1,000,000,000 |
| 5. Assets | 1,000,000,000 | 1,000,000,000 |
| 6. Assets | 1,000,000,000 | 1,000,000,000 |
| 7. Assets | 1,000,000,000 | 1,000,000,000 |
| 8. Assets | 1,000,000,000 | 1,000,000,000 |
| 9. Assets | 1,000,000,000 | 1,000,000,000 |
| 10. Assets | 1,000,000,000 | 1,000,000,000 |

202 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Year | Funded | Total |
| --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 |
| 2 | 1,000,000 | 1,000,000 |
| 3 | 1,000,000 | 1,000,000 |
| 4 | 1,000,000 | 1,000,000 |
| 5 | 1,000,000 | 1,000,000 |
| 6 | 1,000,000 | 1,000,000 |
| 7 | 1,000,000 | 1,000,000 |
| 8 | 1,000,000 | 1,000,000 |
| 9 | 1,000,000 | 1,000,000 |
| 10 | 1,000,000 | 1,000,000 |

202 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Proposed |
| --- | --- |
| 1. $1,000,000.00 | 1,000,000.00 |
| 2. $1,000,000.00 | 1,000,000.00 |
| 3. $1,000,000.00 | 1,000,000.00 |
| 4. $1,000,000.00 | 1,000,000.00 |
| 5. $1,000,000.00 | 1,000,000.00 |
| 6. $1,000,000.00 | 1,000,000.00 |
| 7. $1,000,000.00 | 1,000,000.00 |
| 8. $1,000,000.00 | 1,000,000.00 |
| 9. $1,000,000.00 | 1,000,000.00 |
| 10. $1,000,000.00 | 1,000,000.00 |
| 11. $1,000,000.00 | 1,000,000.00 |
| 12. $1,000,000.00 | 1,000,000.00 |
| 13. $1,000,000.00 | 1,000,000.00 |
| 14. $1,000,000.00 | 1,000,000.00 |
| 15. $1,000,000.00 | 1,000,000.00 |
| 16. $1,000,000.00 | 1,000,000.00 |
| 17. $1,000,000.00 | 1,000,000.00 |
| 18. $1,000,000.00 | 1,000,000.00 |
| 19. $1,000,000.00 | 1,000,000.00 |
| 20. $1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 145

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| Fund | 2016 | 2015 |
| --- | --- | --- |
| Franklin High Yield Tax-Free Income Fund (continued) |  |  |
| 1. The Bank of America, Inc. (1) is a member of the Bank of America, Inc. (2) is a member of the Bank of America, Inc. (3) is a member of the Bank of America, Inc. (4) is a member of the Bank of America, Inc. (5) is a member of the Bank of America, Inc. (6) is a member of the Bank of America, Inc. (7) is a member of the Bank of America, Inc. (8) is a member of the Bank of America, Inc. (9) is a member of the Bank of America, Inc. (10) is a member of the Bank of America, Inc. (11) is a member of the Bank of America, Inc. (12) is a member of the Bank of America, Inc. (13) is a member of the Bank of America, Inc. (14) is a member of the Bank of America, Inc. (15) is a member of the Bank of America, Inc. (16) is a member of the Bank of America, Inc. (17) is a member of the Bank of America, Inc. (18) is a member of the Bank of America, Inc. (19) is a member of the Bank of America, Inc. (20) is a member of the Bank of America, Inc. (21) is a member of the Bank of America, Inc. (22) is a member of the Bank of America, Inc. (23) is a member of the Bank of America, Inc. (24) is a member of the Bank of America, Inc. (25) is a member of the Bank of America, Inc. (26) is a member of the Bank of America, Inc. (27) is a member of the Bank of America, Inc. (28) is a member of the Bank of America, Inc. (29) is a member of the Bank of America, Inc. (30) is a member of the Bank of America, Inc. (31) is a member of the Bank of America, Inc. (32) is a member of the Bank of America, Inc. (33) is a member of the Bank of America, Inc. (34) is a member of the Bank of America, Inc. (35) is a member of the Bank of America, Inc. (36) is a member of the Bank of America, Inc. (37) is a member of the Bank of America, Inc. (38) is a member of the Bank of America, Inc. (39) is a member of the Bank of America, Inc. (40) is a member of the Bank of America, Inc. (41) is a member of the Bank of America, Inc. (42) is a member of the Bank of America, Inc. (43) is a member of the Bank of America, Inc. (44) is a member of the Bank of America, Inc. (45) is a member of the Bank of America, Inc. (46) is a member of the Bank of America, Inc. (47) is a member of the Bank of America, Inc. (48) is a member of the Bank of America, Inc. (49) is a member of the Bank of America, Inc. (50) is a member of the Bank of America, Inc. (51) is a member of the Bank of America, Inc. (52) is a member of the Bank of America, Inc. (53) is a member of the Bank of America, Inc. (54) is a member of the Bank of America, Inc. (55) is a member of the Bank of America, Inc. (56) is a member of the Bank of America, Inc. (57) is a member of the Bank of America, Inc. (58) is a member of the Bank of America, Inc. (59) is a member of the Bank of America, Inc. (60) is a member of the Bank of America, Inc. (61) is a member of the Bank of America, Inc. (62) is a member of the Bank of America, Inc. (63) is a member of the Bank of America, Inc. (64) is a member of the Bank of America, Inc. (65) is a member of the Bank of America, Inc. (66) is a member of the Bank of America, Inc. (67) is a member of the Bank of America, Inc. (68) is a member of the Bank of America, Inc. (69) is a member of the Bank of America, Inc. (70) is a member of the Bank of America, Inc. (71) is a member of the Bank of America, Inc. (72) is a member of the Bank of America, Inc. (73) is a member of the Bank of America, Inc. (74) is a member of the Bank of America, Inc. (75) is a member of the Bank of America, Inc. (76) is a member of the Bank of America, Inc. (77) is a member of the Bank of America, Inc. (78) is a member of the Bank of America, Inc. (79) is a member of the Bank of America, Inc. (80) is a member of the Bank of America, Inc. (81) is a member of the Bank of America, Inc. (82) is a member of the Bank of America, Inc. (83) is a member of the Bank of America, Inc. (84) is a member of the Bank of America, Inc. (85) is a member of the Bank of America, Inc. (86) is a member of the Bank of America, Inc. (87) is a member of the Bank of America, Inc. (88) is a member of the Bank of America, Inc. (89) is a member of the Bank of America, Inc. (90) is a member of the Bank of America, Inc. (91) is a member of the Bank of America, Inc. (92) is a member of the Bank of America, Inc. (93) is a member of the Bank of America, Inc. (94) is a member of the Bank of America, Inc. (95) is a member of the Bank of America, Inc. (96) is a member of the Bank of America, Inc. (97) is a member of the Bank of America, Inc. (98) is a member of the Bank of America, Inc. (99) is a member of the Bank of America, Inc. (100) |  |  |

200 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNMUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Proposed |
| --- | --- |
| Franklin High Yield Tax-Free Income Fund (continued) | 14,000,000,000 |
| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000,000 |
| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000,000 |
| Franklin High Yield Tax-Free Income Fund (continued) | 1,000,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 107

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin High Yield Tax-Free Income Fund (continued)

| ISSUE | 2018 | 2017 |
| --- | --- | --- |
| Financial Statements and Financial Statements | $1,000,000 | $1,000,000 |
| Financial Statements and Financial Statements | $1,000,000 | $1,000,000 |
| Financial Statements and Financial Statements | $1,000,000 | $1,000,000 |
| Financial Statements and Financial Statements | $1,000,000 | $1,000,000 |
| Financial Statements and Financial Statements | $1,000,000 | $1,000,000 |

288 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX-FREE TRUST
SCHEDULE OF INVESTMENTS (UNMUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Proposed | 2017-2018 |
| --- | --- | --- |
| Franklin High Yield Tax Free Income Fund (continued) | 4,000,000 | 3,000,000 |
| Franklin High Yield Tax Free Income Fund (continued) | 7,000,000 | 6,000,000 |
| Franklin High Yield Tax Free Income Fund (continued) | 7,000,000 | 6,000,000 |
| Franklin High Yield Tax Free Income Fund (continued) | 7,000,000 | 6,000,000 |
| Franklin High Yield Tax Free Income Fund (continued) | 11,000,000 | 11,000,000 |
| Franklin High Yield Tax Free Income Fund (continued) | 1,000,000 | 1,000,000 |
| Franklin High Yield Tax Free Income Fund (continued) | 1,000,000 | 1,000,000 |
| Franklin High Yield Tax Free Income Fund (continued) | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 108

FRANKLIN T2A-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Year Ended December 31, | 2018 | 2017 |
| --- | --- | --- |
| Net income | $1,000,000 | $1,000,000 |
| Taxes | (1,000,000) | (1,000,000) |
| Net income | $1,000,000 | $1,000,000 |
| Taxes | (1,000,000) | (1,000,000) |
| Net income | $1,000,000 | $1,000,000 |

108

Quarterly Schedule of Investment - See Notes to Schedules of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin High Yield Tax-Free Income Fund (continued)

| Fund | Value | Percentage |
| --- | --- | --- |
| Franklin High Yield Tax Free Income Fund | $1,000,000 | 100% |
| Franklin High Yield Tax Free Income Fund | $1,000,000 | 100% |
| Franklin High Yield Tax Free Income Fund | $1,000,000 | 100% |
| Franklin High Yield Tax Free Income Fund | $1,000,000 | 100% |
| Franklin High Yield Tax Free Income Fund | $1,000,000 | 100% |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 211

FRANKLIN TAX-FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin Louisiana Tax-Free Income Fund

| 1. The following items are not included in the following items: | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| 2. The following items are not included in the following items: | 1,000,000.00 | 1,000,000.00 |
| 3. The following items are not included in the following items: | 1,000,000.00 | 1,000,000.00 |
| 4. The following items are not included in the following items: | 1,000,000.00 | 1,000,000.00 |
| 5. The following items are not included in the following items: | 1,000,000.00 | 1,000,000.00 |
| 6. The following items are not included in the following items: | 1,000,000.00 | 1,000,000.00 |
| 7. The following items are not included in the following items: | 1,000,000.00 | 1,000,000.00 |
| 8. The following items are not included in the following items: | 1,000,000.00 | 1,000,000.00 |
| 9. The following items are not included in the following items: | 1,000,000.00 | 1,000,000.00 |
| 10. The following items are not included in the following items: | 1,000,000.00 | 1,000,000.00 |

322 Quarterly Schedule of Investments Free Notes to Schedule of Investments

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Louisiana Tax-Free Income Fund (continued)

| Management Services, Business, and Services of the United States | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Financial Services, Business, and Services of the United States | 1,000,000 | 1,000,000 |
| Financial Services, Business, and Services of the United States | 1,000,000 | 1,000,000 |
| Financial Services, Business, and Services of the United States | 1,000,000 | 1,000,000 |
| Financial Services, Business, and Services of the United States | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 222

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Louisiana Tax-Free Income Fund (continued)

| Line | Value | Amount |
| --- | --- | --- |
| 1. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 2. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 3. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 4. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 5. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 6. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 7. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 8. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 9. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 10. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 11. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 12. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 13. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |
| 14. Financial and Financial Services (Funds, Securities, and Exchange) | $1,000,000 | $1,000,000 |

102 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Louisiana Tax-Free Income Fund (continued)

| 1. 2014年1月1日,公司以人民币1,000万元为基数,向中国银行股份有限公司上海分行申请的综合授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元 | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| 2. 2014年1月1日,公司以人民币1,000万元为基数,向中国银行股份有限公司上海分行申请的综合授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元 | 1,000,000.00 | 1,000,000.00 |
| 3. 2014年1月1日,公司以人民币1,000万元为基数,向中国银行股份有限公司上海分行申请的综合授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元,且该笔授信额度不超过人民币3,000万元 | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 225

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Louisiana Tax-Free Income Fund (continued)

| Description | Value | Percentage |
| --- | --- | --- |
| Amounts | $1,000,000 | 100% |
| Interest | 1,000,000 | 100% |
| Interest on the basis of tax | 1,000,000 | 100% |
| Interest on the basis of tax | 1,000,000 | 100% |
| Interest on the basis of tax | 1,000,000 | 100% |
| Interest on the basis of tax | 1,000,000 | 100% |

248 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX-FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin Maryland Tax-Free Income Fund

| Description | Proposed | 2022 |
| --- | --- | --- |
| 1. The Franklin Maryland Tax Free Income Fund (FAA) is a 1,000,000,000.00 US$1,000,000.00 | 1,000,000 | 1,000,000 |
| 2. The Franklin Maryland Tax Free Income Fund is a 1,000,000,000.00 US$1,000,000.00 | 1,000,000 | 1,000,000 |
| 3. The Franklin Maryland Tax Free Income Fund is a 1,000,000,000.00 US$1,000,000.00 | 1,000,000 | 1,000,000 |
| 4. The Franklin Maryland Tax Free Income Fund is a 1,000,000,000.00 US$1,000,000.00 | 1,000,000 | 1,000,000 |
| 5. The Franklin Maryland Tax Free Income Fund is a 1,000,000,000.00 US$1,000,000.00 | 1,000,000 | 1,000,000 |
| 6. The Franklin Maryland Tax Free Income Fund is a 1,000,000,000.00 US$1,000,000.00 | 1,000,000 | 1,000,000 |
| 7. The Franklin Maryland Tax Free Income Fund is a 1,000,000,000.00 US$1,000,000.00 | 1,000,000 | 1,000,000 |
| 8. The Franklin Maryland Tax Free Income Fund is a 1,000,000,000.00 US$1,000,000.00 | 1,000,000 | 1,000,000 |
| 9. The Franklin Maryland Tax Free Income Fund is a 1,000,000,000.00 US$1,000,000.00 | 1,000,000 | 1,000,000 |
| 10. The Franklin Maryland Tax Free Income Fund is a 1,000,000,000.00 US$1,000,000.00 | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 217

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Maryland Tax-Free Income Fund (continued)

| American American Financial Corporation, 2021 to ASAPC (Internal, Dth, 1/20/22) | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| American American Financial Corporation, 2021 to ASAPC (Internal, Dth, 1/20/22) | 1,000,000.00 | 1,000,000.00 |
| American American Financial Corporation, 2021 to ASAPC (Internal, Dth, 1/20/22) | 1,000,000.00 | 1,000,000.00 |
| American American Financial Corporation, 2021 to ASAPC (Internal, Dth, 1/20/22) | 1,000,000.00 | 1,000,000.00 |

128 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Maryland Tax-Free Income Fund (continued)

|  | Proposed |  |
| --- | --- | --- |
| 2014 | 0.1% | 0.1% |
| 2015 | 0.1% | 0.1% |
| 2016 | 0.1% | 0.1% |
| 2017 | 0.1% | 0.1% |
| 2018 | 0.1% | 0.1% |
| 2019 | 0.1% | 0.1% |
| 2020 | 0.1% | 0.1% |
| 2021 | 0.1% | 0.1% |
| 2022 | 0.1% | 0.1% |
| 2023 | 0.1% | 0.1% |
| 2024 | 0.1% | 0.1% |
| 2025 | 0.1% | 0.1% |
| 2026 | 0.1% | 0.1% |
| 2027 | 0.1% | 0.1% |
| 2028 | 0.1% | 0.1% |
| 2029 | 0.1% | 0.1% |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 229

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Maryland Tax-Free Income Fund (continued)

| Description | Value | Value |
| --- | --- | --- |
| Cash and cash equivalents at the beginning of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the end of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the end of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the end of the year | $1,000,000 | $1,000,000 |

120

Quarterly Schedule of Investment - See Notes to Schedules of Investment.

FRANKLIN TAX-FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin Massachusetts Tax-Free Income Fund

|  | Proposed | Unaudited |
| --- | --- | --- |
| 1. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 7,000,000,000 | 7,000,000,000 |
| 2. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 5,000,000,000 | 5,000,000,000 |
| 3. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 2,000,000,000 | 2,000,000,000 |
| 4. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 1,000,000,000 | 1,000,000,000 |
| 5. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 8,000,000,000 | 8,000,000,000 |
| 6. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 1,000,000,000 | 1,000,000,000 |
| 7. The Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements of the Financial Statements | 1,000,000,000 | 1,000,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 101

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Massachusetts Tax Free Income Fund (continued)

| Amount (In millions) | Proportion | 2023 |
| --- | --- | --- |
| Net Income (In millions) | 1.00% | 1.00% |
| Net Income (In millions) | 1.00% | 1.00% |
| Net Income (In millions) | 1.00% | 1.00% |
| Net Income (In millions) | 1.00% | 1.00% |
| Net Income (In millions) | 1.00% | 1.00% |

222 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Massachusetts Tax-Free Income Fund (continued)

| Description | Proposed | Total |
| --- | --- | --- |
| Total (in thousands of dollars) (in thousands of dollars) | 1,000,000 | 1,000,000 |
| Other (including: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,000,000 | 1,000,000 |
| Total (in thousands of dollars) (in thousands of dollars) | 1,000,000 | 1,000,000 |
| Other (including: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,000,000 | 1,000,000 |
| Total (in thousands of dollars) (in thousands of dollars) | 1,000,000 | 1,000,000 |
| Other (including: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 123

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Massachusetts Tax-Free Income Fund (continued)[{"box_2d": [21, 68, 461, 124], "label": "table", "caption": "

| Financial Statements and Supplementary Data (in US$) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| In addition to the amount of the tax on the tax of the United States, the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States. | 1,000,000 | 1,000,000 |
| --- | --- | --- |

<table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>In addition to the amount of the tax on the tax of the United States is not to be paid for any other tax or other tax of the United States.</td><td>1,000,000</td><td

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Massachusetts Tax-Free Income Fund (continued)

| 1. Bank of New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 2. Bank of New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York | 1,000,000 | 1,000,000 |
| 3. Bank of New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York | 1,000,000 | 1,000,000 |
| 4. Bank of New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York | 1,000,000 | 1,000,000 |
| 5. Bank of New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York, New York | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 125

FRANKLIN TAX-FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

Franklin Michigan Tax-Free Income Fund

| Description | Amount |
| --- | --- |
| Tax Free Income (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) | 1,000,000.00 |
| Tax Free Income (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) | 1,000,000.00 |
| Tax Free Income (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) | 1,000,000.00 |
| Tax Free Income (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) (Net) | 1,000,000.00 |

200 Quarterly Schedule of Investments (See Notes to Schedule of Investments)

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Michigan Tax-Free Income Fund (continued)

| 1. Financial Services, Inc. (Funds) 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| 2. Financial Services, Inc. (Funds) 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 3. Financial Services, Inc. (Funds) 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 4. Financial Services, Inc. (Funds) 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 5. Financial Services, Inc. (Funds) 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 6. Financial Services, Inc. (Funds) 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 7. Financial Services, Inc. (Funds) 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 8. Financial Services, Inc. (Funds) 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 9. Financial Services, Inc. (Funds) 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 10. Financial Services, Inc. (Funds) 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 127

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Michigan Tax-Free Income Fund (continued)

| Year | Percentage |
| --- | --- |
| 2010 | 2.0% |
| 2011 | 2.0% |
| 2012 | 2.0% |
| 2013 | 2.0% |
| 2014 | 2.0% |
| 2015 | 2.0% |
| 2016 | 2.0% |
| 2017 | 2.0% |
| 2018 | 2.0% |
| 2019 | 2.0% |
| 2020 | 2.0% |

100 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Michigan Tax-Free Income Fund (continued)

| Franklin, Michigan, Texas, and the United States | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Franklin, Michigan, Texas, and the United States | 1,000,000 | 1,000,000 |
| Franklin, Michigan, Texas, and the United States | 1,000,000 | 1,000,000 |
| Franklin, Michigan, Texas, and the United States | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 128

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Michigan Tax-Free Income Fund (continued)

| Fund | Amount |
| --- | --- |
| 1.00 | $1,000,000.00 |
| 2.00 | $1,000,000.00 |
| 3.00 | $1,000,000.00 |
| 4.00 | $1,000,000.00 |
| 5.00 | $1,000,000.00 |
| 6.00 | $1,000,000.00 |
| 7.00 | $1,000,000.00 |
| 8.00 | $1,000,000.00 |
| 9.00 | $1,000,000.00 |
| 10.00 | $1,000,000.00 |

100 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Michigan Tax-Free Income Fund (continued)

| GCF, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000, 1000 | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| 1000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 1000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 1000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 1000,000.00 | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 141

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Michigan Tax-Free Income Fund (continued)

| Year | Percentage |
| --- | --- |
| 1960 | 4.1% |
| 1961 | 1.0% |
| 1962 | 1.0% |
| 1963 | 1.0% |
| 1964 | 1.0% |
| 1965 | 1.0% |
| 1966 | 1.0% |
| 1967 | 1.0% |
| 1968 | 1.0% |
| 1969 | 1.0% |
| 1970 | 1.0% |
| 1971 | 1.0% |
| 1972 | 1.0% |
| 1973 | 1.0% |
| 1974 | 1.0% |
| 1975 | 1.0% |
| 1976 | 1.0% |
| 1977 | 1.0% |
| 1978 | 1.0% |
| 1979 | 1.0% |
| 1980 | 1.0% |

200 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Michigan Tax-Free Income Fund (continued)

1. The Bank of America is a major investment fund for the development of 1,000,000 securities and 1,000,000 business concepts for a comprehensive, non-exclusive, and non-exclusive, investment fund. The Bank of America is a major investment fund for the development of 1,000,000 securities and 1,000,000 business concepts for a comprehensive, non-exclusive, and non-exclusive, investment fund. The Bank of America is a major investment fund for the development of 1,000,000 securities and 1,000,000 business concepts for a comprehensive, non-exclusive, and non-exclusive, investment fund.

---

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 102

FRANKLIN TAX-FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin Minnesota Tax-Free Income Fund

| 1. $1,000,000 | 1,000,000 | 347 |
| --- | --- | --- |
| 2. $1,000,000 | 1,000,000 | 348 |
| 3. $1,000,000 | 1,000,000 | 349 |
| 4. $1,000,000 | 1,000,000 | 350 |
| 5. $1,000,000 | 1,000,000 | 351 |
| 6. $1,000,000 | 1,000,000 | 352 |
| 7. $1,000,000 | 1,000,000 | 353 |
| 8. $1,000,000 | 1,000,000 | 354 |
| 9. $1,000,000 | 1,000,000 | 355 |
| 10. $1,000,000 | 1,000,000 | 356 |
| 11. $1,000,000 | 1,000,000 | 357 |
| 12. $1,000,000 | 1,000,000 | 358 |
| 13. $1,000,000 | 1,000,000 | 359 |
| 14. $1,000,000 | 1,000,000 | 360 |
| 15. $1,000,000 | 1,000,000 | 361 |
| 16. $1,000,000 | 1,000,000 | 362 |
| 17. $1,000,000 | 1,000,000 | 363 |
| 18. $1,000,000 | 1,000,000 | 364 |
| 19. $1,000,000 | 1,000,000 | 365 |
| 20. $1,000,000 | 1,000,000 | 366 |

288 Quarterly Schedule of Investments Free Notes to Schedule of Investments

FINANCIAL TAX-FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Minnesota Tax-Free Income Fund [continued]

| GO: 8161, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1 | 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1 |
| --- | --- |
| GO: 8161, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1 | 1, 1, 1, 1 |
| GO: 8161, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1 | 1, 1, 1 |
| GO: 8161, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1 | 1, 1 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 108

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Minnesota Tax-Free Income Fund (continued)

| Year Ended | Principal | Total |
| --- | --- | --- |
| 2010 | $1,000,000 | 1,000,000 |
| 2011 | 1,000,000 | 1,000,000 |
| 2012 | 1,000,000 | 1,000,000 |
| 2013 | 1,000,000 | 1,000,000 |
| 2014 | 1,000,000 | 1,000,000 |
| 2015 | 1,000,000 | 1,000,000 |
| 2016 | 1,000,000 | 1,000,000 |
| 2017 | 1,000,000 | 1,000,000 |
| 2018 | 1,000,000 | 1,000,000 |
| 2019 | 1,000,000 | 1,000,000 |
| 2020 | 1,000,000 | 1,000,000 |
| 2021 | 1,000,000 | 1,000,000 |
| 2022 | 1,000,000 | 1,000,000 |
| 2023 | 1,000,000 | 1,000,000 |

288 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Minnesota Tax-Free Income Fund (continued)[{"box_2d": [34, 69, 461, 125], "label": "table", "caption": "

| COSTS & SALES | 10,000,000.00 | 10,000,000.00 |
| --- | --- | --- |
| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

| COSTS & SALES | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |

<table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>1,000,000.00</td></tr></tabletable><table><tr><td>COSTS &amp; SALES</td><td>1,000,000.00</td><td>

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Minnesota Tax-Free Income Fund (continued)[{"box_2d": [19, 69, 460, 126], "label": "table", "caption": "

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |

| Line of the Stock | 2018 | 2017 |
| --- | --- | --- |
| First National Bank of America | $1,000,000 | $1,000,000 |

<table><thead><tr><th>Line of the Stock</th><th>2018</th><th>2017</th></tr></thead><tr><td>First National Bank of America</td><td>$1,000,000</td><td>$

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Minnesota Tax Free Income Fund (continued)

| Cash and cash equivalents, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050, 2051, 2052, 2053, 2054, 2055, 2056, 2057, 2058, 2059, 2060, 2061, 2062, 2063, 2064, 2065, 2066, 2067, 2068, 2069, 2070, 2071, 2072, 2073, 2074, 2075, 2076, 2077, 2078, 2079, 2080, 2081, 2082, 2083, 2084, 2085, 2086, 2087, 2088, 2089, 2090, 2091, 2092, 2093, 2094, 2095, 2096, 2097, 2098, 2099, 2100, 2101, 2102, 2103, 2104, 2105, 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118, 2119, 2120, 2121, 2122, 2123, 2124, 2125, 2126, 2127, 2128, 2129, 2130, 2131, 2132, 2133, 2134, 2135, 2136, 2137, 2138, 2139, 2140, 2141, 2142, 2143, 2144, 2145, 2146, 2147, 2148, 2149, 2150, 2151, 2152, 2153, 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161, 2162, 2163, 2164, 2165, 2166, 2167, 2168, 2169, 2170, 2171, 2172, 2173, 2174, 2175, 2176, 2177, 2178, 2179, 2180, 2181, 2182, 2183, 2184, 2185, 2186, 2187, 2188, 2189, 2190, 2191, 2192, 2193, 2194, 2195, 2196, 2197, 2198, 2199, 2200, 2201, 2202, 2203, 2204, 2205, 2206, 2207, 2208, 2209, 2210, 2211, 2212, 2213, 2214, 2215, 2216, 2217, 2218, 2219, 2220, 2221, 2222, 2223, 2224, 2225, 2226, 2227, 2228, 2229, 2230, 2231, 2232, 2233, 2234, 2235, 2236, 2237, 2238, 2239, 2240, 2241, 2242, 2243, 2244, 2245, 2246, 2247, 2248, 2249, 2250, 2251, 2252, 2253, 2254, 2255, 2256, 2257, 2258, 2259, 2260, 2261, 2262, 2263, 2264, 2265, 2266, 2267, 2268, 2269, 2270, 2271, 2272, 2273, 2274, 2275, 2276, 2277, 2278, 2279, 2280, 2281, 2282, 2283, 2284, 2285, 2286, 2287, 2288, 2289, 2290, 2291, 2292, 2293, 2294, 2295, 2296, 2297, 2298, 2299, 2300, 2301, 2302, 2303, 2304, 2305, 2306, 2307, 2308, 2309, 2310, 2311, 2312, 2313, 2314, 2315, 2316, 2317, 2318, 2319, 2320, 2321, 2322, 2323, 2324, 2325, 2326, 2327, 2328, 2329, 2330, 2331, 2332, 2333, 2334, 2335, 2336, 2337, 2338, 2339, 2340, 2341, 2342, 2343, 2344, 2345, 2346, 2347, 2348, 2349, 2350, 2351, 2352, 2353, 2354, 2355, 2356, 2357, 2358, 2359, 2360, 2361, 2362, 2363, 2364, 2365, 2366, 2367, 2368, 2369, 2370, 2371, 2372, 2373, 2374, 2375, 2376, 2377, 2378, 2379, 2380, 2381, 2382, 2383, 2384, 2385, 2386, 2387, 2388, 2389, 2390, 2391, 2392, 2393, 2394, 2395, 2396, 2397, 2398, 2399, 2400, 2401, 2402, 2403, 2404, 2405, 2406, 2407, 2408, 2409, 2410, 2411, 2412, 2413, 2414, 2415, 2416, 2417, 2418, 2419, 2420, 2421, 2422, 2423, 2424, 2425, 2426, 2427, 2428, 2429, 2430, 2431, 2432, 2433, 2434, 2435, 2436, 2437, 2438, 2439, 2440, 2441, 2442, 2443, 2444, 2445, 2446, 2447, 2448, 2449, 2450, 2451, 2452, 2453, 2454, 2455, 2456, 2457, 2458, 2459, 2460, 2461, 2462, 2463, 2464, 2465, 2466, 2467, 2468, 2469, 2470, 2471, 2472, 2473, 2474, 2475, 2476, 2477, 2478, 2479, 2480, 2481, 2482, 2483, 2484, 2485, 2486, 2487, 2488, 2489, 2490, 2491, 2492, 2493, 2494, 2495, 2496, 2497, 2498, 2499, 2500, 2501, 2502, 2503, 2504, 2505, 2506, 2507, 2508, 2509, 2510, 2511, 2512, 2513, 2514, 2515, 2516, 2517, 2518, 2519, 2520, 2521, 2522, 2523, 2524, 2525, 2526, 2527, 2528, 2529, 2530, 2531, 2532, 2533, 2534, 2535, 2536, 2537, 2538, 2539, 2540, 2541, 2542, 2543, 2544, 2545, 2546, 2547, 2548, 2549, 2550, 2551, 2552, 2553, 2554, 2555, 2556, 2557, 2558, 2559, 2560, 2561, 2562, 2563, 2564, 2565, 2566, 2567, 2568, 2569, 2570, 2571, 2572, 2573, 2574, 2575, 2576, 2577, 2578, 2579, 2580, 2581, 2582, 2583, 2584, 2585, 2586, 2587, 2588, 2589, 2590, 2591, 2592, 2593, 2594, 2595, 2596, 2597, 2598, 2599, 2600, 2601, 2602, 2603, 2604, 2605, 2606, 2607, 2608, 2609, 2610, 2611, 2612, 2613, 2614, 2615, 2616, 2617, 2618, 2619, 2620, 2621, 2622, 2623, 2624, 2625, 2626, 2627, 2628, 2629, 2630, 2631, 2632, 2633, 2634, 2635, 2636, 2637, 2638, 2639, 2640, 2641, 2642, 2643, 2644, 2645, 2646, 2647, 2648, 2649, 2650, 2651, 2652, 2653, 2654, 2655, 2656, 2657, 2658, 2659, 2660, 2661, 2662, 2663, 2664, 2665, 2666, 2667, 2668, 2669, 2670, 2671, 2672, 2673, 2674, 2675, 2676, 2677, 2678, 2679, 2680, 2681, 2682, 2683, 2684, 2685, 2686, 2687, 2688, 2689, 2690, 2691, 2692, 2693, 2694, 2695, 2696, 2697, 2698, 2699, 2700, 2701, 2702, 2703, 2704, 2705, 2706, 2707, 2708, 2709, 2710, 2711, 2712, 2713, 2714, 2715, 2716, 2717, 2718, 2719, 2720, 2721, 2722, 2723, 2724, 2725, 2726, 2727, 2728, 2729, 2730, 2731, 2732, 2733, 2734, 2735, 2736, 2737, 2738, 2739, 2740, 2741, 2742, 2743, 2744, 2745, 2746, 2747, 2748, 2749, 2750, 2751, 2752, 2753, 2754, 2755, 2756, 2757, 2758, 2759, 2760, 2761, 2762, 2763, 2764, 2765, 2766, 2767, 2768, 2769, 2770, 2771, 2772, 2773, 2774, 2775, 2776, 2777, 2778, 2779, 2780, 2781, 2782, 2783, 2784, 2785, 2786, 2787, 2788, 2789, 2790, 2791, 2792, 2793, 2794, 2795, 2796, 2797, 2798, 2799, 2800, 2801, 2802, 2803, 2804, 2805, 2806, 2807, 2808, 2809, 2810, 2811, 2812, 2813, 2814, 2815, 2816, 2817, 2818, 2819, 2820, 2821, 2822, 2823, 2824, 2825, 2826, 2827, 2828, 2829, 2830, 2831, 2832, 2833, 2834, 2835, 2836, 2837, 2838, 2839, 2840, 2841, 2842, 2843, 2844, 2845, 2846, 2847, 2848, 2849, 2850, 2851, 2852, 2853, 2854, 2855, 2856, 2857, 2858, 2859, 2860, 2861, 2862, 2863, 2864, 2865, 2866, 2867, 2868, 2869, 2870, 2871, 2872, 2873, 2874, 2875, 2876, 2877, 2878, 2879, 2880, 2881, 2882, 2883, 2884, 2885, 2886, 2887, 2888, 2889, 2890, 2891, 2892, 2893, 2894, 2895, 2896, 2897, 2898, 2899, 2900, 2901, 2902, 2903, 2904, 2905, 2906, 2907, 2908, 2909, 2910, 2911, 2912, 2913, 2914, 2915, 2916, 2917, 2918, 2919, 2920, 2921, 2922, 2923, 2924, 2925, 2926, 2927, 2928, 2929, 2930, 2931, 2932, 2933, 2934, 2935, 2936, 2937, 2938, 2939, 2940, 2941, 2942, 2943, 2944, 2945, 2946, 2947, 2948, 2949, 2950, 2951, 2952, 2953, 2954, 2955, 2956, 2957, 2958, 2959, 2960, 2961, 2962, 2963, 2964, 2965, 2966, 2967, 2968, 2969, 2970, 2971, 2972, 2973, 2974, 2975, 2976, 2977, 2978, 2979, 2980, 2981, 2982, 2983, 2984, 2985, 2986, 2987, 2988, 2989, 2990, 2991, 2992, 2993, 2994, 2995, 2996, 2997, 2998, 2999, 3000 |
| --- |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 138

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Minnesota Tax-Free Income Fund (continued)

| Year | Percentage |
| --- | --- |
| 1991 | 1.0% |
| 1992 | 1.0% |
| 1993 | 1.0% |
| 1994 | 1.0% |
| 1995 | 1.0% |
| 1996 | 1.0% |
| 1997 | 1.0% |
| 1998 | 1.0% |
| 1999 | 1.0% |
| 2000 | 1.0% |

360 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin Missouri Tax-Free Income Fund

| 1. $0.00 | 1,000,000.00 |
| --- | --- |
| 2. $0.00 | 1,000,000.00 |
| 3. $0.00 | 1,000,000.00 |
| 4. $0.00 | 1,000,000.00 |
| 5. $0.00 | 1,000,000.00 |
| 6. $0.00 | 1,000,000.00 |
| 7. $0.00 | 1,000,000.00 |
| 8. $0.00 | 1,000,000.00 |
| 9. $0.00 | 1,000,000.00 |
| 10. $0.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 141

FRANKLIN TEA-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Missouri Tea-Free Income Fund (continued)

| Total Financial Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |
| Total Investment Assets (in thousands) | 1,000,000 | 1,000,000 |

162

Quarterly Schedule of Investment - See Notes to Schedule of Investment.

1. 2017-2018

1. 2017-2018

1. 2017-2018

1. 2017-2018

1. 2017-2018

1. 2d

1. 2017-2018[{"

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Missouri Tax-Free Income Fund (continued)

<table><tr><td></td><td>Proposed</td><td>Total Tax</td></tr><tr><td>1. 2017年1月1日, 2018年1月1日, 2019年1月1日, 2020年1月1日, 2021年1月1日, 2022年1月1日, 2023年1月1日, 2024年1月1日, 2025年1月1日, 2026年1月1日, 2027年1月1日, 2028年1月1日, 2029年1月1日, 2030年1月1日, 2031年1月1日, 2032年1月1日, 2033年1月1日, 2034年1月1日, 2035年1月1日, 2036年1月1日, 2037年1月1日, 2038年1月1日, 2039年1月1日, 2040年1月1日, 2041年1月1日, 2042年1月1日, 2043年1月1日, 2044年1月1日, 2045年1月1日, 2046年1月1日, 2047年1月1日, 2048年1月1日, 2049年1月1日, 2050年1月1日, 2051年1月1日, 2052年1月1日, 2053年1月1日, 2054年1月1日, 2055年1月1日, 2056年1月1日, 2057年1月1日, 2058年1月1日, 2059年1月1日, 2060年1月1日, 2061年1月1日, 2062年1月1日, 2063年1月1日, 2064年1月1日, 2065年1月1日, 2066年1月1日, 2067年1月1日, 2068年1月1日, 2069年1月1日, 2070年1月1日, 2071年1月1日, 2072年1月1日, 2073年1月1日, 2074年1月1日, 2075年1月1日, 2076年1月1日, 2077年1月1日, 2078年1月1日, 2079年1月1日, 2080年1月1日, 2081年1月1日, 2082年1月1日, 2083年1月1日, 2084年1月1日, 2085年1月1日, 2086年1月1日, 2087年1月1日, 2088年1月1日, 2089年1月1日, 2090年1月1日, 2091年1月1日, 2092年1月1日, 2093年1月1日, 2094年1月1日, 2095年1月1日, 2096年1月1日, 2097年1月1日, 2098年1月1日, 2099年1月1日, 2100年1月1日, 2101年1月1日, 2102年1月1日, 2103年1月1日, 2104年1月1日, 2105年1月1日, 2106年1月1日, 2107年1月1日, 2108年1月1日, 2109年1月1日, 2110年1月1日, 2111年1月1日, 2112年1月1日, 2113年1月1日, 2114年1月1日, 2115年1月1日, 2116年1月1日, 2117年1月1日, 2118年1月1日, 2119年1月1日, 2120年1月1日, 2121年1月1日, 2122年1月1日, 2123年1月1日, 2124年1月1日, 2125年1月1日, 2126年1月1日, 2127年1月1日, 2128年1月1日, 2129年1月1日, 2130年1月1日, 2131年1月1日, 2132年1月1日, 2133年1月1日, 2134年1月1日, 2135年1月1日, 2136年1月1日, 2137年1月1日, 2138年1月1日, 2139年1月1日, 2140年1月1日, 2141年1月1日, 2142年1月1日, 2143年1月1日, 2144年1月1日, 2145年1月1日, 2146年1月1日, 2147年1月1日, 2148年1月1日, 2149年1月1日, 2150年1月1日, 2151年1月1日, 2152年1月1日, 2153年1月1日, 2154年1月1日, 2155年1月1日, 2156年1月1日, 2157年1月1日, 2158年1月1日, 2159年1月1日, 2160年1月1日, 2161年1月1日, 2162年1月1日, 2163年1月1日, 2164年1月1日, 2165年1月1日, 2166年1月1日, 2167年1月1日, 2168年1月1日, 2169年1月1日, 2170年1月1日, 2171年1月1日, 2172年1月1日, 2173年1月1日, 2174年1月1日, 2175年1月1日, 2176年1月1日, 2177年1月1日, 2178年1月1日, 2179年1月1日, 2180年1月1日, 2181年1月1日, 2182年1月1日, 2183年1月1日, 2184年1月1日, 2185年1月1日, 2186年1月1日, 2187年1月1日, 2188年1月1日, 2189年1月1日, 2190年1月1日, 2191年1月1日, 2192年1月1日, 2193年1月1日, 2194年1月1日, 2195年1月1日, 2196年1月1日, 2197年1月1日, 2198年1月1日, 2199年1月1日, 2200年1月1日, 2201年1月1日, 2202年1月1日, 2203年1月1日, 2204年1月1日, 2205年1月1日, 2206年1月1日, 2207年1月1日, 2208年1月1日, 2209年1月1日, 2210年1月1日, 2211年1月1日, 2212年1月1日, 2213年1月1日, 2214年1月1日, 2215年1月1日, 2216年1月1日, 2217年1月1日, 2218年1月1日, 2219年1月1日, 2220年1月1日, 2221年1月1日, 2222年1月1日, 2223年1月1日, 2224年1月1日, 2225年1月1日, 2226年1月1日, 2227年1月1日, 2228年1月1日, 2229年1月1日, 2230年1月1日, 2231年1月1日, 2232年1月1日, 2233年1月1日, 2234年1月1日, 2235年1月1日, 2236年1月1日, 2237年1月1日, 2238年1月1日, 2239年1月1日, 2240年1月1日, 2241年1月1日, 2242年1月1日, 2243年1月1日, 2244年1月1日, 2245年1月1日, 2246年1月1日, 2247年1月1日, 2248年1月1日, 2249年1月1日, 2250年1月1日, 2251年1月1日, 2252年1月1日, 2253年1月1日, 2254年1月1日, 2255年1月1日, 2256年1月1日, 2257年1月1日, 2258年1月1日, 2259年1月1日, 2260年1月1日, 2261年1月1日, 2262年1月1日, 2263年1月1日, 2264年1月1日, 2265年1月1日, 2266年1月1日, 2267年1月1日, 2268年1月1日, 2269年1月1日, 2270年1月1日, 2271年1月1日, 2272年1月1日, 2273年1月1日, 2274年1月1日, 2275年1月1日, 2276年1月1日, 2277年1月1日, 2278年1月1日, 2279年1月1日, 2280年1月1日, 2281年1月1日, 2282年1月1日, 2283年1月1日, 2284年1月1日, 2285年1月1日, 2286年1月1日, 2287年1月1日, 2288年1月1日, 2289年1月1日, 2290年1月1日, 2291年1月1日, 2292年1月1日, 2293年1月1日, 2294年1月1日, 2295年1月1日, 2296年1月1日, 2297年1月1日, 2298年1月1日, 2299年1月1日, 2300年1月1日, 2301年1月1日, 2302年1月1日, 2303年1月1日, 2304年1月1日, 2305年1月1日, 2306年1月1日, 2307年1月1日, 2308年1月1日, 2309年1月1日, 2310年1月1日, 2311年1月1日, 2312年1月1日, 2313年1月1日, 2314年1月1日, 2315年1月1日, 2316年1月1日, 2317年1月1日, 2318年1月1日, 2319年1月1日, 2320年1月1日, 2321年1月1日, 2322年1月1日, 2323年1月1日, 2324年1月1日, 2325年1月1日, 2326年1月1日, 2327年1月1日, 2328年1月1日, 2329年1月1日, 2330年1月1日, 2331年1月1日, 2332年1月1日, 2333年1月1日, 2334年1月1日, 2335年1月1日, 2336年1月1日, 2337年1月1日, 2338年1月1日, 2339年1月1日, 2340年1月1日, 2341年1月1日, 2342年1月1日, 2343年1月1日, 2344年1月1日, 2345年1月1日, 2346年1月1日, 2347年1月1日, 2348年1月1日, 2349年1月1日, 2350年1月1日, 2351年1月1日, 2352年1月1日, 2353年1月1日, 2354年1月1日, 2355年1月1日, 2356年1月1日, 2357年1月1日, 2358年1月1日, 2359年1月1日, 2360年1月1日, 2361年1月1日, 2362年1月1日, 2363年1月1日, 2364年1月1日, 2365年1月1日, 2366年1月1日, 2367年1月1日, 2368年1月1日, 2369年1月1日, 2370年1月1日, 2371年1月1日, 2372年1月1日, 2373年1月1日, 2374年1月1日, 2375年1月1日, 2376年1月1日, 2377年1月1日, 2378年1月1日, 2379年1月1日, 2380年1月1日, 2381年1月1日, 2382年1月1日, 2383年1月1日, 2384年1月1日, 2385年1月1日, 2386年1月1日, 2387年1月1日, 2388年1月1日, 2389年1月1日, 2390年1月1日, 2391年1月1日, 2392年1月1日, 2393年1月1日, 2394年1月1日, 2395年1月1日, 2396年1月1日, 2397年1月1日, 2398年1月1日, 2399年1月1日, 2400年1月1日, 2401年1月1日, 2402年1月1日, 2403年1月1日, 2404年1月1日, 2405年1月1日, 2406年1月1日, 2407年1月1日, 2408年1月1日, 2409年1月1日, 2410年1月1日, 2411年1月1日, 2412年1月1日, 2413年1月1日, 2414年1月1日, 2415年1月1日, 2416年1月1日, 2417年1月1日, 2418年1月1日, 2419年1月1日, 2420年1月1日, 2421年1月1日, 2422年1月1日, 2423年1月1日, 2424年1月1日, 2425年1月1日, 2426年1月1日, 2427年1月1日, 2428年1月1日, 2429年1月1日, 2430年1月1日, 2431年1月1日, 2432年1月1日, 2433年1月1日, 2434年1月1日, 2435年1月1日, 2436年1月1日, 2437年1月1日, 2438年1月1日, 2439年1月1日, 2440年1月1日, 2441年1月1日, 2442年1月1日, 2443年1月1日, 2444年1月1日, 2445年1月1日, 2446年1月1日, 2447年1月1日, 2448年1月1日, 2449年1月1日, 2450年1月1日, 2451年1月1日, 2452年1月1日, 2453年1月1日, 2454年1月1日, 2455年1月1日, 2456年1月1日, 2457年1月1日, 2458年1月1日, 2459年1月1日, 2460年1月1日, 2461年1月1日, 2462年1月1日, 2463年1月1日, 2464年1月1日, 2465年1月1日, 2466年1月1日, 2467年1月1日, 2468年1月1日, 2469年1月1日, 2470年1月1日, 2471年1月1日, 2472年1月1日, 2473年1月1日, 2474年1月1日, 2475年1月1日, 2476年1月1日, 2477年1月1日, 2478年1月1日, 2479年1月1日, 2480年1月1日, 2481年1月1日, 2482年1月1日, 2483年1月1日, 2484年1月1日, 2485年1月1日, 2486年1月1日, 2487年1月1日, 2488年1月1日, 2489年1月1日, 2490年1月1日, 2491年1月1日, 2492年1月1日, 2493年1月1日, 2494年1月1日, 2495年1月1日, 2496年1月1日, 2497年1月1日, 2498年1月1日, 2499年1月1日, 2500年1月1日, 2501年1月1日, 2502年1月1日, 2503年1月1日, 2504年1月1日, 2505年1月1日, 2506年1月1日, 2507年1月1日, 2508年1月1日, 2509年1月1日, 2510年1月1日, 2511年1月1日, 2512年1月1日, 2513年1月1日, 2514年1月1日, 2515年1月1日, 2516年1月1日, 2517年1月1日, 2518年1月1日, 2519年1月1日, 2520年1月1日, 2521年1月1日, 2522年1月1日, 2523年1月1日, 2524年1月1日, 2525年1月1日, 2526年1月1日, 2527年1月1日, 2528年1月1日, 2529年1月1日, 2530年1月1日, 2531年1月1日, 2532年1月1日, 2533年1月1日, 2534年1月1日, 2535年1月1日, 2536年1月1日, 2537年1月1日, 2538年1月1日, 2539年1月1日, 2540年1月1日, 2541年1月1日, 2542年1月1日, 2543年1月1日, 2544年1月1日, 2545年1月1日, 2546年1月1日, 2547年1月1日, 2548年1月1日, 2549年1月1日, 2550年1月1日, 2551年1月1日, 2552年1月1日, 2553年1月1日, 2554年1月1日, 2555年1月1日, 2556年1月1日, 2557年1月1日, 2558年1月1日, 2559年1月1日, 2560年1月1日, 2561年1月1日, 2562年1月1日, 2563年1月1日, 2564年1月1日, 2565年1月1日, 2566年1月1日, 2567年1月1日, 2568年1月1日, 2569年1月1日, 2570年1月1日, 2571年1月1日, 2572年1月1日, 2573年1月1日, 2574年1月1日, 2575年1月1日, 2576年1月1日, 2577年1月1日, 2578年1月1日, 2579年1月1日, 2580年1月1日, 2581年1月1日, 2582年1月1日, 2583年1月1日, 2584年1月1日, 2585年1月1日, 2586年1月1日, 2587年1月1日, 2588年1月1日, 2589年1月1日, 2590年1月1日, 2591年1月1日, 2592年1月1日, 2593年1月1日, 2594年1月1日, 2595年1月1日, 2596年1月1日, 2597年1月1日, 2598年1月1日, 2599年1月1日, 2600年1月1日, 2601年1月1日, 2602年1月1日, 2603年1月1日, 2604年1月1日, 2605年1月1日, 2606年1月1日, 2607年1月1日, 2608年1月1日, 2609年1月1日, 2610年1月1日, 2611年1月1日, 2612年1月1日, 2613年1月1日, 2614年1月1日, 2615年1月1日, 2616年1月1日, 2617年1月1日, 2618年1月1日, 2619年1月1日, 2620年1月1日, 2621年1月1日, 2622年1月1日, 2623年1月1日, 2624年1月1日, 2625年1月1日, 2626年1月1日, 2627年1月1日, 2628年1月1日, 2629年1月1日, 2630年1月1日, 2631年1月1日, 2632年1月1日, 2633年1月1日, 2634年1月1日, 2635年1月1日, 2636年1月1日, 2637年1月1日, 2638年1月1日, 2639年1月1日, 2640年1月1日, 2641年1月1日, 2642年1月1日, 2643年1月1日, 2644年1月1日, 2645年1月1日, 2646年1月1日, 2647年1月1日, 2648年1月1日, 2649年1月1日, 2650年1月1日, 2651年1月1日, 2652年1月1日, 2653年1月1日, 2654年1月1日, 2655年1月1日, 2656年1月1日, 2657年1月1日, 2658年1月1日, 2659年1月1日, 2660年1月1日, 2661年1月1日, 2662年1月1日, 2663年1月1日, 2664年1月1日, 2665年1月1日, 2666年1月1日, 2667年1月1日, 2668年1月1日, 2669年1月1日, 2670年1月1日, 2671年1月1日, 2672年1月1日, 2673年1月1日, 2674年1月1日, 2675年1月1日, 2676年1月1日, 2677年1月1日, 2678年1月1日, 2679年1月1日, 2680年1月1日, 2681年1月1日, 2682年1月1日, 2683年1月1日, 2684年1月1日, 2685年1月1日, 2686年1月1日, 2687年1月1日, 2688年1月1日, 2689年1月1日, 2690年1月1日, 2691年1月1日, 2692年1月1日, 2693年1月1日, 2694年1月1日, 2695年1月1日, 2696年1月1日, 2697年1月1日, 2698年1月1日, 2699年1月1日, 2700年1月1日, 2701年1月1日, 2702年1月1日, 2703年1月1日, 2704年1月1日, 2705年1月1日, 2706年1月1日, 2707年1月1日, 2708年1月1日, 2709年1月1日, 2710年1月1日, 2711年1月1日, 2712年1月1日, 2713年1月1日, 2714年1月1日, 2715年1月1日, 2716年1月1日, 2717年1月1日, 2718年1月1日, 2719年1月1日, 2720年1月1日, 2721年1月1日, 2722年1月1日, 2723年1月1日, 2724年1月1日, 2725年1月1日, 2726年1月1日, 2727年1月1日, 2728年1月1日, 2729年1月1日, 2730年1月1日, 2731年1月1日, 2732年1月1日, 2733年1月1日, 2734年1月1日, 2735年1月1日, 2736年1月1日, 2737年1月1日, 2738年1月1日, 2739年1月1日, 2740年1月1日, 2741年1月1日, 2742年1月1日, 2743年1月1日, 2744年1月1日, 2745年1月1日, 2746年1月1日, 2747年1月1日, 2748年1月1日, 2749年1月1日, 2750年1月1日, 2751年1月1日, 2752年1月1日, 2753年1月1日, 2754年1月1日, 2755年1月1日, 2756年1月1日, 2757年1月1日, 2758年1月1日, 2759年1月1日, 2760年1月1日, 2761年1月1日, 2762年1月1日, 2763年1月1日, 2764年1月1日, 2765年1月1日, 2766年1月1日, 2767年1月1日, 2768年1月1日, 2769年1月1日, 2770年1月1日, 2771年1月1日, 2772年1月1日, 2773年1月1日, 2774年1月1日, 2775年1月1日, 2776年1月1日, 2777年1月1日, 2778年1月1日, 2779年1月1日, 2780年1月1日, 2781年1月1日, 2782年1月1日, 2783年1月1日, 2784年1月1日, 2785年1月1日, 2786年1月1日, 2787年1月1日, 2788年1月1日, 2789年1月1日, 2790年1月1日, 2791年1月1日, 2792年1月1日, 2793年1月1日, 2794年1月1日, 2795年1月1日, 2796年1月1日, 2797年1月1日, 2798年1月1日, 2799年1月1日, 2800年1月1日, 2801年1月1日, 2802年1月1日, 2803年1月1日, 2804年1月1日, 2805年1月1日, 2806年1月1日, 2807年1月1日, 2808年1月1日, 2809年1月1日, 2810年1月1日, 2811年1月1日, 2812年1月1日, 2813年1月1日, 2814年1月1日, 2815年1月1日, 2816年1月1日, 2817年1月1日, 2818年1月1日, 2819年1月1日, 2820年1月1日, 2821年1月1日, 2822年1月1日, 2823年1月1日, 2824年1月1日, 2825年1月1日, 2826年1月1日, 2827年1月1日, 2828年1月1日, 2829年1月1日, 2830年1月1日, 2831年1月1日, 2832年1月1日, 2833年1月1日, 2834年1月1日, 2835年1月1日, 2836年1月1日, 2837年1月1日, 2838年1月1日, 2839年1月1日, 2840年1月1日, 2841年1月1日, 2842年1月1日, 2843年1月1日, 2844年1月1日, 2845年1月1日, 2846年1月1日, 2847年1月1日, 2848年1月1日, 2849年1月1日, 2850年1月1日, 2851年1月1日, 2852年1月1日, 2853年1月1日, 2854年1月1日, 2855年1月1日, 2856年1月1日, 2857年1月1日, 2858年1月1日, 2859年1月1日, 2860年1月1日, 2861年1月1日, 2862年1月1日, 2863年1月1日, 2864年1月1日, 2865年1月1日, 2866年1月1日, 2867年1月1日, 2868年1月1日, 2869年1月1日, 2870年1月1日, 2871年1月1日, 2872年1月1日, 2873年1月1日, 2874年1月1日, 2875年1月1日, 2876年1月1日, 2877年1月1日, 2878年1月1日, 2879年1月1日, 2880年1月1日, 2881年1月1日, 2882年1月1日, 2883年1月1日, 2884年1月1日, 2885年1月1日, 2886年1月1日, 2887年1月1日, 2888年1月1日, 2889年1月1日, 2890年1月1日, 2891年1月1日, 2892年1月1日, 2893年1月1日, 2894年1月1日, 2895年1月1日, 2896年1月1日, 2897年1月1日, 2898年1月1日, 2899年1月1日, 2900年1月1日, 2901年1月1日, 2902年1月1日, 2903年1月1日, 2904年1月1日, 2905年1月1日, 2906年1月1日, 2907年1月1日, 2908年1月1日, 2909年1月1日, 2910年1月1日, 2911年1月1日, 2912年1月1日, 2913年1月1日, 2914年1月1日, 2915年1月1日, 2916年1月1日, 2917年1月1日, 2918年1月1日, 2919年1月1日, 2920年1月1日, 2921年1月1日, 2922年1月1日, 2923年1月1日, 2924年1月1日, 2925年1月1日, 2926年1月1日, 2927年1月1日, 2928年1月1日, 2929年1月1日, 2930年1月1日, 2931年1月1日, 2932年1月1日, 2933年1月1日, 2934年1月1日, 2935年1月1日, 2936年1月1日, 2937年1月1日, 2938年1月1日, 2939年1月1日, 2940年1月1日, 2941年1月1日, 2942年1月1日, 2943年1月1日, 2944年1月1日, 2945年1月1日, 2946年1月1日, 2947年1月1日, 2948年1月1日, 2949年1月1日, 2950年1月1日, 2951年1月1日, 2952年1月1日, 2953年1月1日, 2954年1月1日, 2955年1月1日, 2956年1月1日, 2957年1月1日, 2958年1月1日, 2959年1月1日, 2960年1月1日, 2961年1月1日, 2962年1月1日, 2963年1月1日, 2964年1月1日, 2965年1月1日, 2966年1月1日, 2967年1月1日, 2968年1月1日, 2969年1月1日, 2970年1月1日, 2971年1月1日, 2972年1月1日, 2973年1月1日, 2974年1月1日, 2975年1月1日, 2976年1月1日, 2977年1月1日, 2978年1月1日, 2979年1月1日, 2980年1月1日, 2981年1月1日, 2982年1月1日, 2983年1月1日, 2984年1月1日, 2985年1月1日, 2986年1月1日, 2987年1月1日, 2988年1月1日, 2989年1月1日, 2990年1月1日, 2991年1月1日, 2992年1月1日, 2993年1月1日, 2994年1月1日, 2995年1月1日, 2996年1月1日, 2997年1月1日, 2998年1月1日, 2999年1月1日, 3000年1月1日

See Notes to Schedules of Investments

Quarterly Schedule of Investments

143

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Missouri Tax-Free Income Fund (continued)

| Line | 2018 | 2017 |
| --- | --- | --- |
| First | 1,000,000 | 1,000,000 |
| Second | 1,000,000 | 1,000,000 |
| Third | 1,000,000 | 1,000,000 |
| Fourth | 1,000,000 | 1,000,000 |
| Fifth | 1,000,000 | 1,000,000 |
| Sixth | 1,000,000 | 1,000,000 |
| Seventh | 1,000,000 | 1,000,000 |
| Eighth | 1,000,000 | 1,000,000 |
| Sixth | 1,000,000 | 1,000,000 |
| Eighth | 1,000,000 | 1,000,000 |
| Fourth | 1,000,000 | 1,000,000 |
| Fifth | 1,000,000 | 1,000,000 |
| Sixth | 1,000,000 | 1,000,000 |
| Eighth | 1,000,000 | 1,000,000 |

264 Quarterly Schedule of Investment - See Notes to Schedule of Investments.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Missouri Tax-Free Income Fund (continued)

|  | Proposed | 2017 |
| --- | --- | --- |
| Franklin Missouri Tax Free Income Fund (continued) |  |  |
| Franklin Missouri Tax Free Income Fund (continued) | 17,000,000.00 | 19,000,000.00 |
| Franklin Missouri Tax Free Income Fund (continued) | 2,000,000.00 | 3,700,000.00 |
| Franklin Missouri Tax Free Income Fund (continued) | 2,000,000.00 | 2,000,000.00 |
| Franklin Missouri Tax Free Income Fund (continued) | 2,000,000.00 | 2,000,000.00 |
| Franklin Missouri Tax Free Income Fund (continued) | 2,000,000.00 | 2,000,000.00 |
| Franklin Missouri Tax Free Income Fund (continued) | 2,000,000.00 | 2,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 148

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Missouri Tax-Free Income Fund (continued)

The rate of investment in the financial statements is based on the amount of the tax rate. The rate is based on the amount of the tax rate. The rate is based on the amount of the tax rate. The rate is based on the amount of the tax rate.

100 Quarterly Schedule of Investment - See Notes to Schedule of Investments.

FRANKLIN TAX FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin New Jersey Tax-Free Income Fund

| Line | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 1. The New Jersey Tax Free Income Fund | 1,000,000 | 1,000,000 |
| 2. The New Jersey Tax Free Income Fund | 1,000,000 | 1,000,000 |
| 3. The New Jersey Tax Free Income Fund | 1,000,000 | 1,000,000 |
| 4. The New Jersey Tax Free Income Fund | 1,000,000 | 1,000,000 |
| 5. The New Jersey Tax Free Income Fund | 1,000,000 | 1,000,000 |
| 6. The New Jersey Tax Free Income Fund | 1,000,000 | 1,000,000 |
| 7. The New Jersey Tax Free Income Fund | 1,000,000 | 1,000,000 |
| 8. The New Jersey Tax Free Income Fund | 1,000,000 | 1,000,000 |
| 9. The New Jersey Tax Free Income Fund | 1,000,000 | 1,000,000 |
| 10. The New Jersey Tax Free Income Fund | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 147

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin New Jersey Tax-Free Income Fund (continued)

| Amortized Assets (1) | Principal | Total |
| --- | --- | --- |
| 1. 2,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 2. 2,000,000.00 | 2,000,000.00 | 2,000,000.00 |
| 3. 2,000,000.00 | 3,000,000.00 | 3,000,000.00 |
| 4. 2,000,000.00 | 4,000,000.00 | 4,000,000.00 |
| 5. 2,000,000.00 | 5,000,000.00 | 5,000,000.00 |
| 6. 2,000,000.00 | 6,000,000.00 | 6,000,000.00 |
| 7. 2,000,000.00 | 7,000,000.00 | 7,000,000.00 |
| 8. 2,000,000.00 | 8,000,000.00 | 8,000,000.00 |
| 9. 2,000,000.00 | 9,000,000.00 | 9,000,000.00 |
| 10. 2,000,000.00 | 10,000,000.00 | 10,000,000.00 |
| 11. 2,000,000.00 | 11,000,000.00 | 11,000,000.00 |
| 12. 2,000,000.00 | 12,000,000.00 | 12,000,000.00 |
| 13. 2,000,000.00 | 13,000,000.00 | 13,000,000.00 |
| 14. 2,000,000.00 | 14,000,000.00 | 14,000,000.00 |

100 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin New Jersey Tax-Free Income Fund (continued)

| Franklin New Jersey Tax Free Income Fund (continued) | 13,000,000.00 | 13,000,000.00 |
| --- | --- | --- |
| Franklin New Jersey Tax Free Income Fund (continued) | 10,000,000.00 | 10,000,000.00 |
| Franklin New Jersey Tax Free Income Fund (continued) | 5,000,000.00 | 5,000,000.00 |
| Franklin New Jersey Tax Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |
| Franklin New Jersey Tax Free Income Fund (continued) | 3,000,000.00 | 3,000,000.00 |
| Franklin New Jersey Tax Free Income Fund (continued) | 6,000,000.00 | 6,000,000.00 |
| Franklin New Jersey Tax Free Income Fund (continued) | 4,100,000.00 | 4,100,000.00 |
| Franklin New Jersey Tax Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 148

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin New Jersey Tax-Free Income Fund (continued)

| 1. $ | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| 2. $ | 1,000,000.00 | 1,000,000.00 |
| 3. $ | 1,000,000.00 | 1,000,000.00 |
| 4. $ | 1,000,000.00 | 1,000,000.00 |
| 5. $ | 1,000,000.00 | 1,000,000.00 |
| 6. $ | 1,000,000.00 | 1,000,000.00 |
| 7. $ | 1,000,000.00 | 1,000,000.00 |
| 8. $ | 1,000,000.00 | 1,000,000.00 |
| 9. $ | 1,000,000.00 | 1,000,000.00 |
| 10. $ | 1,000,000.00 | 1,000,000.00 |
| 11. $ | 1,000,000.00 | 1,000,000.00 |
| 12. $ | 1,000,000.00 | 1,000,000.00 |
| 13. $ | 1,000,000.00 | 1,000,000.00 |
| 14. $ | 1,000,000.00 | 1,000,000.00 |
| 15. $ | 1,000,000.00 | 1,000,000.00 |
| 16. $ | 1,000,000.00 | 1,000,000.00 |
| 17. $ | 1,000,000.00 | 1,000,000.00 |
| 18. $ | 1,000,000.00 | 1,000,000.00 |
| 19. $ | 1,000,000.00 | 1,000,000.00 |
| 20. $ | 1,000,000.00 | 1,000,000.00 |

360 Quarterly Schedule of Investment - See Note to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNADJUSTED)

Franklin New Jersey Tax-Free Income Fund (continued)

| Section | Amount | Amount |
| --- | --- | --- |
| 1. Financial Services, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 2. Financial Services, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 3. Financial Services, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 4. Financial Services, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 5. Financial Services, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 6. Financial Services, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 7. Financial Services, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 8. Financial Services, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 9. Financial Services, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 10. Financial Services, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 161

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin New Jersey Tax-Free Income Fund (continued)

| Income Tax Fund | 2010 | 2009 |
| --- | --- | --- |
| American Bank of New Jersey, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor | 1,000,000.00 | 1,000,000.00 |
| American Bank of New Jersey, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1 | 1,000,000.00 | 1,000,000.00 |
| American Bank of New Jersey, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1st floor, 1 | 1,000,000.00 | 1,000,000.00 |

202 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FINANCIAL TAX-FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin North Carolina Tax-Free Income Fund

| Franklin North Carolina Tax-Free Income Fund | 12,548,000,000 | 12,548,000,000 |
| --- | --- | --- |
| Franklin North Carolina Tax-Free Income Fund | 12,548,000,000 | 12,548,000,000 |
| Franklin North Carolina Tax-Free Income Fund | 12,548,000,000 | 12,548,000,000 |
| Franklin North Carolina Tax-Free Income Fund | 12,548,000,000 | 12,548,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 143

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin North Carolina Tax-Free Income Fund (continued)

| Description | Value | Value |
| --- | --- | --- |
| Non-Employed (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) (Non-Employed) | $1,000,000 | $1,000,000 |
| Employed (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) | $1,000,000 | $1,000,000 |
| Employed (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) | $1,000,000 | $1,000,000 |
| Employed (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) (Employed) | $1,000,000 | $1,000,000 |

264 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin North Carolina Tax-Free Income Fund (continued)

| 1. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| 2. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 3. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 4. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 5. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 6. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 7. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 8. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 9. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 10. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 11. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 12. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |
| 13. The Bank of America, Inc. (Funds) and its subsidiaries, Inc. (Funds) | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 146

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin North Carolina Tax-Free Income Fund (continued)

| 1. The following is a series of 2013, 2014, and 2015. The series is a series of 2014, 2015, and 2016. The series is a series of 2017, 2018, and 2019. The series is a series of 2020, 2021, and 2022. The series is a series of 2023, 2024, and 2025. The series is a series of 2026, 2027, and 2028. The series is a series of 2029, 2030, and 2031. The series is a series of 2032, 2033, and 2034. The series is a series of 2035, 2036, and 2037. The series is a series of 2038, 2039, and 2040. The series is a series of 2041, 2042, and 2043. The series is a series of 2044, 2045, and 2046. The series is a series of 2047, 2048, and 2049. The series is a series of 2050, 2051, and 2052. The series is a series of 2053, 2054, and 2055. The series is a series of 2056, 2057, and 2058. The series is a series of 2059, 2060, and 2061. The series is a series of 2062, 2063, and 2064. The series is a series of 2065, 2066, and 2067. The series is a series of 2068, 2069, and 2070. The series is a series of 2071, 2072, and 2073. The series is a series of 2074, 2075, and 2076. The series is a series of 2077, 2078, and 2079. The series is a series of 2080, 2081, and 2082. The series is a series of 2083, 2084, and 2085. The series is a series of 2086, 2087, and 2088. The series is a series of 2089, 2090, and 2091. The series is a series of 2092, 2093, and 2094. The series is a series of 2095, 2096, and 2097. The series is a series of 2098, 2099, and 2100. The series is a series of 2099, 2100, and 2101. The series is a series of 2099, 2100, and 2101. The series is a series of 2099, 2100, and 2101. The series is a series of 2099, 2100, and 2101. The series is a series of 2099, 2100, and 2101. |
| --- |

200 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin North Carolina Tax-Free Income Fund (continued)

| 1. The Bank of America, Inc. (the Bank of America) is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. The Bank of America is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. The Bank of America is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. The Bank of America is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. The Bank of America is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. | 3,100,000,000 | 3,100,000,000 |
| --- | --- | --- |
| 2. The Bank of America, Inc. (the Bank of America) is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. The Bank of America is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. The Bank of America is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. The Bank of America is a member of the Bank of America, Inc. (the Bank of America) | 100,000,000 | 100,000,000 |
| 3. The Bank of America, Inc. (the Bank of America) is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. The Bank of America is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. The Bank of America is a member of the Bank of America, Inc. (the Bank of America) and its subsidiaries. The Bank of America is a member of the Bank of America, Inc. (the Bank of America) | 100,000,000 | 100,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 187

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin North Carolina Tax-Free Income Fund (continued)

| ISSUE | PREVIOUS ISSUE | PREVIOUS ISSUE |
| --- | --- | --- |
| 1. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 2. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 3. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 4. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 5. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 6. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 7. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 8. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 9. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 10. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 11. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 12. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 13. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 14. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 15. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 16. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 17. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 18. Financial Assets | 1,000,000,000 | 1,000,000,000 |
| 19. Financial Assets | 1,000,000,000 | 1,000,000,000 |

300 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin North Carolina Tax-Free Income Fund (continued)

| Franklin North Carolina Tax Free Income Fund (continued) | 5,000,000,000 | 5,000,000,000 |
| --- | --- | --- |
| Franklin North Carolina Tax Free Income Fund (continued) | 5,000,000,000 | 5,000,000,000 |
| Franklin North Carolina Tax Free Income Fund (continued) | 5,000,000,000 | 5,000,000,000 |
| Franklin North Carolina Tax Free Income Fund (continued) | 5,000,000,000 | 5,000,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 168

FRANKLIN TAX FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

Franklin Ohio Tax-Free Income Fund

| Description | Amount |
| --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 |

360 Quarterly Schedule of Investments Free Notes to Schedule of Investments

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Ohio Tax-Free Income Fund (continued)

| 1. The National Bank of America, Inc. (1984-1985) and the Bank of America, Inc. (1985-1986) | 1,000,000,000 | 1,000,000,000 |
| --- | --- | --- |
| 2. The National Bank of America, Inc. (1985-1986) and the Bank of America, Inc. (1985-1987) | 1,000,000,000 | 1,000,000,000 |
| 3. The National Bank of America, Inc. (1985-1986) and the Bank of America, Inc. (1985-1987) | 1,000,000,000 | 1,000,000,000 |
| 4. The National Bank of America, Inc. (1985-1986) and the Bank of America, Inc. (1985-1987) | 1,000,000,000 | 1,000,000,000 |
| 5. The National Bank of America, Inc. (1985-1986) and the Bank of America, Inc. (1985-1987) | 1,000,000,000 | 1,000,000,000 |
| 6. The National Bank of America, Inc. (1985-1986) and the Bank of America, Inc. (1985-1987) | 1,000,000,000 | 1,000,000,000 |
| 7. The National Bank of America, Inc. (1985-1986) and the Bank of America, Inc. (1985-1987) | 1,000,000,000 | 1,000,000,000 |
| 8. The National Bank of America, Inc. (1985-1986) and the Bank of America, Inc. (1985-1987) | 1,000,000,000 | 1,000,000,000 |
| 9. The National Bank of America, Inc. (1985-1986) and the Bank of America, Inc. (1985-1987) | 1,000,000,000 | 1,000,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 161

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Ohio Tax-Free Income Fund (continued)

| Financial Statements (Including Financial Statements) | Projected | On 1/31/04 |
| --- | --- | --- |
| Financial Statements (Including Financial Statements) | $1,000,000 | $1,000,000 |
| Financial Statements (Including Financial Statements) | $1,000,000 | $1,000,000 |
| Financial Statements (Including Financial Statements) | $1,000,000 | $1,000,000 |
| Financial Statements (Including Financial Statements) | $1,000,000 | $1,000,000 |

362

Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TBA FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Ohio Tea-Free Income Fund (continued)

| Franklin Ohio Tea-Free Income Fund | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Franklin Ohio Tea-Free Income Fund | 1,000,000 | 1,000,000 |
| Franklin Ohio Tea-Free Income Fund | 1,000,000 | 1,000,000 |
| Franklin Ohio Tea-Free Income Fund | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 10

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Ohio Tax-Free Income Fund (continued)

| 1. 2017年1月1日,公司以自有资金进行现金管理,存放于银行间市场交易的银行理财产品。 | 1,000,000.00 |
| --- | --- |
| 2. 2017年1月2日,公司以自有资金进行现金管理,存放于银行间市场交易的银行理财产品。 | 1,000,000.00 |
| 3. 2017年1月3日,公司以自有资金进行现金管理,存放于银行间市场交易的银行理财产品。 | 1,000,000.00 |
| 4. 2017年1月4日,公司以自有资金进行现金管理,存放于银行间市场交易的银行理财产品。 | 1,000,000.00 |
| 5. 2017年1月5日,公司以自有资金进行现金管理,存放于银行间市场交易的银行理财产品。 | 1,000,000.00 |
| 6. 2017年1月6日,公司以自有资金进行现金管理,存放于银行间市场交易的银行理财产品。 | 1,000,000.00 |
| 7. 2017年1月7日,公司以自有资金进行现金管理,存放于银行间市场交易的银行理财产品。 | 1,000,000.00 |
| 8. 2017年1月8日,公司以自有资金进行现金管理,存放于银行间市场交易的银行理财产品。 | 1,000,000.00 |
| 9. 2017年1月9日,公司以自有资金进行现金管理,存放于银行间市场交易的银行理财产品。 | 1,000,000.00 |
| 10. 2017年1月10日,公司以自有资金进行现金管理,存放于银行间市场交易的银行理财产品。 | 1,000,000.00 |

202

Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Ohio Tax-Free Income Fund (continued)

| ISSUE | 1,410,000 | 1,410,000 |
| --- | --- | --- |
| 1. Financial and Social Services, Corp. 2015, State tax paid, 6% 12/01/16 | 10,000,000 | 10,000,000 |
| 2. Financial and Social Services, Corp. 2015, State tax paid, 6% 12/01/16 | 10,000,000 | 10,000,000 |
| 3. Financial and Social Services, Corp. 2015, State tax paid, 6% 12/01/16 | 10,000,000 | 10,000,000 |
| 4. Financial and Social Services, Corp. 2015, State tax paid, 6% 12/01/16 | 10,000,000 | 10,000,000 |
| 5. Financial and Social Services, Corp. 2015, State tax paid, 6% 12/01/16 | 10,000,000 | 10,000,000 |
| 6. Financial and Social Services, Corp. 2015, State tax paid, 6% 12/01/16 | 10,000,000 | 10,000,000 |
| 7. Financial and Social Services, Corp. 2015, State tax paid, 6% 12/01/16 | 10,000,000 | 10,000,000 |
| 8. Financial and Social Services, Corp. 2015, State tax paid, 6% 12/01/16 | 10,000,000 | 10,000,000 |
| 9. Financial and Social Services, Corp. 2015, State tax paid, 6% 12/01/16 | 10,000,000 | 10,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 140

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Ohio Tax-Free Income Fund (continued)

| ISSUE | QUANTITY | PRICE |
| --- | --- | --- |
| 1. Financial Services and Services (Funds) and other financial services | 1,000,000 | 1.00 |
| 2. Financial Services and Services (Funds) and other financial services | 1,000,000 | 1.00 |
| 3. Financial Services and Services (Funds) and other financial services | 1,000,000 | 1.00 |
| 4. Financial Services and Services (Funds) and other financial services | 1,000,000 | 1.00 |
| 5. Financial Services and Services (Funds) and other financial services | 1,000,000 | 1.00 |
| 6. Financial Services and Services (Funds) and other financial services | 1,000,000 | 1.00 |
| 7. Financial Services and Services (Funds) and other financial services | 1,000,000 | 1.00 |
| 8. Financial Services and Services (Funds) and other financial services | 1,000,000 | 1.00 |
| 9. Financial Services and Services (Funds) and other financial services | 1,000,000 | 1.00 |
| 10. Financial Services and Services (Funds) and other financial services | 1,000,000 | 1.00 |

260 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Ohio Tax-Free Income Fund (continued)

| Franklin County Tax Free Income Fund (continued) |  |  |
| --- | --- | --- |
| Franklin County Tax Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |
| Franklin County Tax Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |
| Franklin County Tax Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |
| Franklin County Tax Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |
| Franklin County Tax Free Income Fund (continued) | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 187

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Ohio Tax-Free Income Fund (continued)

| 1. 2017年1月1日 | 2. 2018年1月1日 | 3. 2019年1月1日 |
| --- | --- | --- |
| 2. 2018年1月1日 | 3. 2019年1月1日 | 4. 2020年1月1日 |
| 3. 2019年1月1日 | 4. 2020年1月1日 | 5. 2021年1月1日 |
| 4. 2020年1月1日 | 5. 2021年1月1日 | 6. 2022年1月1日 |
| 5. 2021年1月1日 | 6. 2022年1月1日 | 7. 2023年1月1日 |
| 6. 2022年1月1日 | 7. 2023年1月1日 | 8. 2024年1月1日 |
| 7. 2023年1月1日 | 8. 2024年1月1日 | 9. 2025年1月1日 |
| 8. 2024年1月1日 | 9. 2025年1月1日 | 10. 2026年1月1日 |
| 9. 2025年1月1日 | 10. 2026年1月1日 | 11. 2027年1月1日 |
| 10. 2026年1月1日 | 11. 2027年1月1日 | 12. 2028年1月1日 |
| 11. 2027年1月1日 | 12. 2028年1月1日 | 13. 2029年1月1日 |
| 12. 2028年1月1日 | 13. 2029年1月1日 | 14. 2030年1月1日 |
| 13. 2029年1月1日 | 14. 2030年1月1日 | 15. 2031年1月1日 |
| 14. 2030年1月1日 | 15. 2031年1月1日 | 16. 2032年1月1日 |
| 15. 2031年1月1日 | 16. 2032年1月1日 | 17. 2033年1月1日 |
| 16. 2032年1月1日 | 17. 2033年1月1日 | 18. 2034年1月1日 |
| 17. 2033年1月1日 | 18. 2034年1月1日 | 19. 2035年1月1日 |
| 18. 2034年1月1日 | 19. 2035年1月1日 | 20. 2036年1月1日 |
| 19. 2035年1月1日 | 20. 2036年1月1日 | 21. 2037年1月1日 |
| 20. 2036年1月1日 | 21. 2037年1月1日 | 22. 2038年1月1日 |
| 21. 2037年1月1日 | 22. 2038年1月1日 | 23. 2039年1月1日 |
| 22. 2038年1月1日 | 23. 2039年1月1日 | 24. 2040年1月1日 |
| 23. 2039年1月1日 | 24. 2040年1月1日 | 25. 2041年1月1日 |
| 24. 2040年1月1日 | 25. 2041年1月1日 | 26. 2042年1月1日 |
| 25. 2041年1月1日 | 26. 2042年1月1日 | 27. 2043年1月1日 |
| 26. 2042年1月1日 | 27. 2043年1月1日 | 28. 2044年1月1日 |
| 27. 2043年1月1日 | 28. 2044年1月1日 | 29. 2045年1月1日 |
| 28. 2044年1月1日 | 29. 2045年1月1日 | 30. 2046年1月1日 |
| 29. 2045年1月1日 | 30. 2046年1月1日 | 31. 2047年1月1日 |
| 30. 2046年1月1日 | 31. 2047年1月1日 | 32. 2048年1月1日 |
| 31. 2047年1月1日 | 32. 2048年1月1日 | 33. 2049年1月1日 |
| 32. 2048年1月1日 | 33. 2049年1月1日 | 34. 2050年1月1日 |
| 33. 2049年1月1日 | 34. 2050年1月1日 | 35. 2051年1月1日 |
| 34. 2050年1月1日 | 35. 2051年1月1日 | 36. 2052年1月1日 |
| 35. 2051年1月1日 | 36. 2052年1月1日 | 37. 2053年1月1日 |
| 36. 2052年1月1日 | 37. 2053年1月1日 | 38. 2054年1月1日 |
| 37. 2053年1月1日 | 38. 2054年1月1日 | 39. 2055年1月1日 |
| 38. 2054年1月1日 | 39. 2055年1月1日 | 40. 2056年1月1日 |
| 39. 2055年1月1日 | 40. 2056年1月1日 | 41. 2057年1月1日 |
| 40. 2056年1月1日 | 41. 2057年1月1日 | 42. 2058年1月1日 |
| 41. 2057年1月1日 | 42. 2058年1月1日 | 43. 2059年1月1日 |
| 42. 2058年1月1日 | 43. 2059年1月1日 | 44. 2060年1月1日 |
| 43. 2059年1月1日 | 44. 2060年1月1日 | 45. 2061年1月1日 |
| 44. 2060年1月1日 | 45. 2061年1月1日 | 46. 2062年1月1日 |
| 45. 2061年1月1日 | 46. 2062年1月1日 | 47. 2063年1月1日 |
| 46. 2062年1月1日 | 47. 2063年1月1日 | 48. 2064年1月1日 |
| 47. 2063年1月1日 | 48. 2064年1月1日 | 49. 2065年1月1日 |
| 48. 2064年1月1日 | 49. 2065年1月1日 | 50. 2066年1月1日 |
| 49. 2065年1月1日 | 50. 2066年1月1日 | 51. 2067年1月1日 |
| 50. 2066年1月1日 | 51. 2067年1月1日 | 52. 2068年1月1日 |
| 51. 2067年1月1日 | 52. 2068年1月1日 | 53. 2069年1月1日 |
| 52. 2068年1月1日 | 53. 2069年1月1日 | 54. 2070年1月1日 |
| 53. 2069年1月1日 | 54. 2070年1月1日 | 55. 2071年1月1日 |
| 54. 2070年1月1日 | 55. 2071年1月1日 | 56. 2072年1月1日 |
| 55. 2071年1月1日 | 56. 2072年1月1日 | 57. 2073年1月1日 |
| 56. 2072年1月1日 | 57. 2073年1月1日 | 58. 2074年1月1日 |
| 57. 2073年1月1日 | 58. 2074年1月1日 | 59. 2075年1月1日 |
| 58. 2074年1月1日 | 59. 2075年1月1日 | 60. 2076年1月1日 |
| 59. 2075年1月1日 | 60. 2076年1月1日 | 61. 2077年1月1日 |
| 60. 2076年1月1日 | 61. 2077年1月1日 | 62. 2078年1月1日 |
| 61. 2077年1月1日 | 62. 2078年1月1日 | 63. 2079年1月1日 |
| 62. 2078年1月1日 | 63. 2079年1月1日 | 64. 2080年1月1日 |
| 63. 2079年1月1日 | 64. 2080年1月1日 | 65. 2081年1月1日 |
| 64. 2080年1月1日 | 65. 2081年1月1日 | 66. 2082年1月1日 |
| 65. 2081年1月1日 | 66. 2082年1月1日 | 67. 2083年1月1日 |
| 66. 2082年1月1日 | 67. 2083年1月1日 | 68. 2084年1月1日 |
| 67. 2083年1月1日 | 68. 2084年1月1日 | 69. 2085年1月1日 |
| 68. 2084年1月1日 | 69. 2085年1月1日 | 70. 2086年1月1日 |
| 69. 2085年1月1日 | 70. 2086年1月1日 | 71. 2087年1月1日 |
| 70. 2086年1月1日 | 71. 2087年1月1日 | 72. 2088年1月1日 |
| 71. 2087年1月1日 | 72. 2088年1月1日 | 73. 2089年1月1日 |
| 72. 2088年1月1日 | 73. 2089年1月1日 | 74. 2090年1月1日 |
| 73. 2089年1月1日 | 74. 2090年1月1日 | 75. 2091年1月1日 |
| 74. 2090年1月1日 | 75. 2091年1月1日 | 76. 2092年1月1日 |
| 75. 2091年1月1日 | 76. 2092年1月1日 | 77. 2093年1月1日 |
| 76. 2092年1月1日 | 77. 2093年1月1日 | 78. 2094年1月1日 |
| 77. 2093年1月1日 | 78. 2094年1月1日 | 79. 2095年1月1日 |
| 78. 2094年1月1日 | 79. 2095年1月1日 | 80. 2096年1月1日 |
| 79. 2095年1月1日 | 80. 2096年1月1日 | 81. 2097年1月1日 |
| 80. 2096年1月1日 | 81. 2097年1月1日 | 82. 2098年1月1日 |
| 81. 2097年1月1日 | 82. 2098年1月1日 | 83. 2099年1月1日 |
| 82. 2098年1月1日 | 83. 2099年1月1日 | 84. 2099/1月1日 |

200

Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Ohio Tax-Free Income Fund (continued)

| 1. The Bank of America is a member of the Bank of America, which is a member of the Bank of America, which is a member of the Bank of America, which is a member of the Bank of America, which is a member of the Bank of America, which is a member of the Bank of America, which is a member of the Bank of America, which is a member of the Bank of America, which is a member of the Bank of America, which is a member of the Bank of America, which is a member of the Bank of America, which |
| --- |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 148

FRANKLIN TAX FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin Oregon Tax-Free Income Fund

| Year | December 31, 2022 | December 30, 2021 |
| --- | --- | --- |
| 2022 | $1,000,000 | $1,000,000 |
| 2023 | $1,000,000 | $1,000,000 |
| 2024 | $1,000,000 | $1,000,000 |
| 2025 | $1,000,000 | $1,000,000 |
| 2026 | $1,000,000 | $1,000,000 |
| 2027 | $1,000,000 | $1,000,000 |
| 2028 | $1,000,000 | $1,000,000 |
| 2029 | $1,000,000 | $1,000,000 |
| 2030 | $1,000,000 | $1,000,000 |
| 2031 | $1,000,000 | $1,000,000 |
| 2032 | $1,000,000 | $1,000,000 |
| 2033 | $1,000,000 | $1,000,000 |
| 2034 | $1,000,000 | $1,000,000 |
| 2035 | $1,000,000 | $1,000,000 |
| 2036 | $1,000,000 | $1,000,000 |
| 2037 | $1,000,000 | $1,000,000 |
| 2038 | $1,000,000 | $1,000,000 |
| 2039 | $1,000,000 | $1,000,000 |
| 2040 | $1,000,000 | $1,000,000 |
| 2041 | $1,000,000 | $1,000,000 |
| 2042 | $1,000,000 | $1,000,000 |
| 2043 | $1,000,000 | $1,000,000 |
| 2044 | $1,000,000 | $1,000,000 |
| 2045 | $1,000,000 | $1,000,000 |
| 2046 | $1,000,000 | $1,000,000 |
| 2047 | $1,000,000 | $1,000,000 |
| 2048 | $1,000,000 | $1,000,000 |
| 2049 | $1,000,000 | $1,000,000 |
| 2050 | $1,000,000 | $1,000,000 |

170 Quarterly Schedule of Investments (see Notes to Schedule of Investments)

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Oregon Tax-Free Income Fund (continued)

| FRANKLIN TAX FREE TRUST | 2,000,000.00 | 2,000,000.00 |
| --- | --- | --- |
| FRANKLIN TAX FREE TRUST | 2,000,000.00 | 2,000,000.00 |
| FRANKLIN TAX FREE TRUST | 2,000,000.00 | 2,000,000.00 |
| FRANKLIN TAX FREE TRUST | 2,000,000.00 | 2,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 171

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Oregon Tax-Free Income Fund (continued)

| 1. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| --- | --- | --- |
| 2. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 3. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 4. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 5. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 6. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 7. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 8. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 9. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 10. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 11. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 12. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 13. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 14. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 15. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 16. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 17. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 18. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |
| 19. SUSTAINABLE INVESTMENT AND CASH FLOW | FY 2018 | FY 2019 |

272 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Oregon Tax-Free Income Fund (continued)[{"box_2d": [36, 70, 461, 124], "label": "table", "caption": "

| Foreign Income Taxes (U.S. $1,000) | 4,167,000.00 | 4,167,000.00 |
| --- | --- | --- |
| Foreign Income Taxes (U.S. $1,000) | 4,167,000.00 | 4,167,000.00 |
| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |
| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |
| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |
| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |

| Foreign Income Taxes (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |
| --- | --- | --- |
| Total Foreign Income (U.S. $1,000) | 1,213,000.00 | 1,213,000.00 |

<table><tr><td>Foreign Income Taxes (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Total Foreign Income (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Foreign Income Taxes (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Total Foreign Income (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Foreign Income Taxes (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Total Foreign Income (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Foreign Income Taxes (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Total Foreign Income (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Foreign Income Taxes (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Total Foreign Income (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Foreign Income Taxes (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Total Foreign Income (U.S. $1,000)</td><td>1,213,000.00</td><td>1,213,000.00</td></tr></tabletable><table><tr><td>Foreign Income Taxes (U.S. $1,000)</td><td>1,213,000.00</

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Oregon Tax-Free Income Fund (continued)[{"box_2d": [19, 69, 461, 125], "label": "table", "caption": "

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | $1,341,000.00 |  |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |
| Interest | 5,000,000.00 | 5,000,000.00 |

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table>

| Description | Principal | Amount |
| --- | --- | --- |

<tr><td>Interest</td><td>5,000,000.00</td><td>5,000,000.00</td></tr></table><table><thead><tr><th>Description

FRANKLIN TAX-FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Oregon Tax-Free Income Fund (continued)[{"box_2d": [35, 69, 461, 125], "label": "table", "caption": "

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |
| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table>

| FRANKLIN, Oregon, 1,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- |

</table><table><tr><td>FRANKLIN, Oregon,

FRANKLIN TAX FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Oregon Tax-Free Income Fund (continued)

This document is a series of documents that are not to be construed as a separate, non-judgment, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate, non-exclusive, or a separate

276 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin Pennsylvania Tax-Free Income Fund

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Cashflows | 1,000,000 | 1,000,000 |
| Cashflows | 1,000,000 | 1,000,000 |
| Cashflows | 1,000,000 | 1,000,000 |
| Cashflows | 1,000,000 | 1,000,000 |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Cashflows | 1,000,000 | 1,000,000 |
| Cashflows | 1,000,000 | 1,000,000 |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Cashflows | 1,000,000 | 1,000,000 |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Cashflows | 1,000,000 | 1,000,000 |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflows | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table></table></table></table>

See Notes to Schedules of Investments Quantity Schedule of Investments 1.1[{"box_2d": [230, 441, 460, 451], "label":caption", "caption":":captiontr><td>Quantity Schedule of Investments 1.1"}]

1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

1.1.1

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1.1.1[{"box_2d": [230, 441, 460, 451], "

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Pennsylvania Tax-Free Income Fund (continued)

| Description | 1st Year | 2nd Year |
| --- | --- | --- |
| Cash and cash equivalents at the rate of 1st year of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the rate of 2nd year of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the rate of 3rd year of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the rate of 4th year of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the rate of 5th year of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the rate of 6th year of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the rate of 7th year of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the rate of 8th year of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the rate of 9th year of the year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at the rate of 10th year of the year | $1,000,000 | $1,000,000 |

276 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX-FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Pennsylvania Tax-Free Income Fund (continued)

| Franklin, PA 15, 1961 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Franklin, PA 15, 1961 | 1,000,000 | 1,000,000 |
| Franklin, PA 15, 1961 | 1,000,000 | 1,000,000 |
| Franklin, PA 15, 1961 | 1,000,000 | 1,000,000 |
| Franklin, PA 15, 1961 | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 178

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Pennsylvania Tax-Free Income Fund (continued)

| Statement | Percentage |
| --- | --- |
| 1. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) | 1. (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) (60) (61) (62) (63) (64) (65) (66) (67) (68) (69) (70) (71) (72) (73) (74) (75) (76) (77) (78) (79) (80) (81) (82) (83) (84) (85) (86) (87) (88) (89) (90) (91) (92) (93) (94) (95) (96) (97) (98) (99) (100) |

360 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Pennsylvania Tax-Free Income Fund (continued)

| Fund | Projected | Amount |
| --- | --- | --- |
| Franklin Pennsylvania Tax Free Income Fund (continued) | 1,000,000 | 1,000,000.00 |
| Franklin Pennsylvania Tax Free Income Fund (continued) | 1,000,000 | 1,000,000.00 |
| Franklin Pennsylvania Tax Free Income Fund (continued) | 1,000,000 | 1,000,000.00 |
| Franklin Pennsylvania Tax Free Income Fund (continued) | 1,000,000 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 101

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Pennsylvania Tax-Free Income Fund (continued)

| ISSUE | Percentage |
| --- | --- |
| 1. Financial Assets | 1.0% |
| 2. Financial Assets | 1.0% |
| 3. Financial Assets | 1.0% |
| 4. Financial Assets | 1.0% |
| 5. Financial Assets | 1.0% |
| 6. Financial Assets | 1.0% |
| 7. Financial Assets | 1.0% |
| 8. Financial Assets | 1.0% |
| 9. Financial Assets | 1.0% |
| 10. Financial Assets | 1.0% |

262 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Pennsylvania Tax-Free Income Fund (continued)

| 1. The Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania | 5,000,000.00 | 5,000,000.00 |
| --- | --- | --- |
| 2. The Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania | 5,000,000.00 | 5,000,000.00 |
| 3. The Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania | 5,000,000.00 | 5,000,000.00 |
| 4. The Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania, the Bank of Pennsylvania | 5,000,000.00 | 5,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 102

FRANKLIN TAX-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Pennsylvania Tax-Free Income Fund (continued)

| Franklin Pennsylvania Tax-Free Income Fund (continued) |  |  |
| --- | --- | --- |
| Franklin Pennsylvania Tax-Free Income Fund (continued) | 4,500,000.00 | 5,100,000.00 |
| Franklin Pennsylvania Tax-Free Income Fund (continued) | 14,000,000.00 | 13,000,000.00 |
| Franklin Pennsylvania Tax-Free Income Fund (continued) | 1,000,000.00 | 1,100,000.00 |
| Franklin Pennsylvania Tax-Free Income Fund (continued) | 1,000,000.00 | 1,100,000.00 |
| Franklin Pennsylvania Tax-Free Income Fund (continued) | 1,000,000.00 | 1,100,000.00 |
| Franklin Pennsylvania Tax-Free Income Fund (continued) | 1,000,000.00 | 1,100,000.00 |

262 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST

# Schedule of Investments (unaudited), November 30, 2022

# Franklin Virginia Tax-Free Income Fund

| Description | Amount |
| --- | --- |
| Foreign exchange contracts | 1,000,000 |
| Foreign exchange contracts | 1,000,000 |
| Foreign exchange contracts | 1,000,000 |
| Foreign exchange contracts | 1,000,000 |
| Foreign exchange contracts | 1,000,000 |
| Foreign exchange contracts | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 145

FRANKLIN TEE-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Virginia Tee-Free Income Fund (continued)

| Virginia Tee-Free Income Fund (continued) |  |  |
| --- | --- | --- |
| Virginia Tee-Free Income Fund (continued) |  |  |
| Net income of the United States | $1,000,000 | $1,000,000 |
| Net income of the United States | $1,000,000 | $1,000,000 |
| Net income of the United States | $1,000,000 | $1,000,000 |
| Net income of the United States | $1,000,000 | $1,000,000 |
| Net income of the United States | $1,000,000 | $1,000,000 |

260 Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Virginia Tax-Free Income Fund (continued)

| an effective tax rate for the 1993-94 fiscal year ended December 31, 2013, as compared to an estimated that represents a 1% increase in the aggregate value of $1,000,000. | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Note: The tax rate is based on the 1993-94 fiscal year ended December 31, 2013, as compared to an estimated that represents a 1% increase in the aggregate value of $1,000,000. | 1,000,000 | 1,000,000 |
| These figures are based on the 1993-94 fiscal year ended December 31, 2013, as compared to an estimated that represents a 1% increase in the aggregate value of $1,000,000. | 1,000,000 | 1,000,000 |
| Thereafter, the tax rate is based on the 1993-94 fiscal year ended December 31, 2013, as compared to an estimated that represents a 1% increase in the aggregate value of $1,000,000. | 1,000,000 | 1,000,000 |
| Maximum of the tax rate is based on the 1993-94 fiscal year ended December 31, 2013, as compared to an estimated that represents a 1% increase in the aggregate value of $1,000,000. | 1,000,000 | 1,000,000 |
| Average of the tax rate is based on the 1993-94 fiscal year ended December 31, 2013, as compared to an estimated that represents a 1% increase in the aggregate value of $1,000,000. | 1,000,000 | 1,000,000 |
| Total of the tax rate is based on the 1993-94 fiscal year ended December 31, 2013, as compared to an estimated that represents a 1% increase in the aggregate value of $1,000,000. | 1,000,000 | 1,000,000 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 187

FRANKLIN TEA-FREE TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Virginia Tea-Free Income Fund (continued)

|  | Price/Unit | 2013 |
| --- | --- | --- |
| 1. The following is a result of the following: (1) 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050, 2051, 2052, 2053, 2054, 2055, 2056, 2057, 2058, 2059, 2060, 2061, 2062, 2063, 2064, 2065, 2066, 2067, 2068, 2069, 2070, 2071, 2072, 2073, 2074, 2075, 2076, 2077, 2078, 2079, 2080, 2081, 2082, 2083, 2084, 2085, 2086, 2087, 2088, 2089, 2090, 2091, 2092, 2093, 2094, 2095, 2096, 2097, 2098, 2099, 2100, 2101, 2102, 2103, 2104, 2105, 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118, 2119, 2120, 2121, 2122, 2123, 2124, 2125, 2126, 2127, 2128, 2129, 2130, 2131, 2132, 2133, 2134, 2135, 2136, 2137, 2138, 2139, 2140, 2141, 2142, 2143, 2144, 2145, 2146, 2147, 2148, 2149, 2150, 2151, 2152, 2153, 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161, 2162, 2163, 2164, 2165, 2166, 2167, 2168, 2169, 2170, 2171, 2172, 2173, 2174, 2175, 2176, 2177, 2178, 2179, 2180, 2181, 2182, 2183, 2184, 2185, 2186, 2187, 2188, 2189, 2190, 2191, 2192, 2193, 2194, 2195, 2196, 2197, 2198, 2199, 2200, 2201, 2202, 2203, 2204, 2205, 2206, 2207, 2208, 2209, 2210, 2211, 2212, 2213, 2214, 2215, 2216, 2217, 2218, 2219, 2220, 2221, 2222, 2223, 2224, 2225, 2226, 2227, 2228, 2229, 2230, 2231, 2232, 2233, 2234, 2235, 2236, 2237, 2238, 2239, 2240, 2241, 2242, 2243, 2244, 2245, 2246, 2247, 2248, 2249, 2250, 2251, 2252, 2253, 2254, 2255, 2256, 2257, 2258, 2259, 2260, 2261, 2262, 2263, 2264, 2265, 2266, 2267, 2268, 2269, 2270, 2271, 2272, 2273, 2274, 2275, 2276, 2277, 2278, 2279, 2280, 2281, 2282, 2283, 2284, 2285, 2286, 2287, 2288, 2289, 2290, 2291, 2292, 2293, 2294, 2295, 2296, 2297, 2298, 2299, 2300, 2301, 2302, 2303, 2304, 2305, 2306, 2307, 2308, 2309, 2310, 2311, 2312, 2313, 2314, 2315, 2316, 2317, 2318, 2319, 2320, 2321, 2322, 2323, 2324, 2325, 2326, 2327, 2328, 2329, 2330, 2331, 2332, 2333, 2334, 2335, 2336, 2337, 2338, 2339, 2340, 2341, 2342, 2343, 2344, 2345, 2346, 2347, 2348, 2349, 2350, 2351, 2352, 2353, 2354, 2355, 2356, 2357, 2358, 2359, 2360, 2361, 2362, 2363, 2364, 2365, 2366, 2367, 2368, 2369, 2370, 2371, 2372, 2373, 2374, 2375, 2376, 2377, 2378, 2379, 2380, 2381, 2382, 2383, 2384, 2385, 2386, 2387, 2388, 2389, 2390, 2391, 2392, 2393, 2394, 2395, 2396, 2397, 2398, 2399, 2400, 2401, 2402, 2403, 2404, 2405, 2406, 2407, 2408, 2409, 2410, 2411, 2412, 2413, 2414, 2415, 2416, 2417, 2418, 2419, 2420, 2421, 2422, 2423, 2424, 2425, 2426, 2427, 2428, 2429, 2430, 2431, 2432, 2433, 2434, 2435, 2436, 2437, 2438, 2439, 2440, 2441, 2442, 2443, 2444, 2445, 2446, 2447, 2448, 2449, 2450, 2451, 2452, 2453, 2454, 2455, 2456, 2457, 2458, 2459, 2460, 2461, 2462, 2463, 2464, 2465, 2466, 2467, 2468, 2469, 2470, 2471, 2472, 2473, 2474, 2475, 2476, 2477, 2478, 2479, 2480, 2481, 2482, 2483, 2484, 2485, 2486, 2487, 2488, 2489, 2490, 2491, 2492, 2493, 2494, 2495, 2496, 2497, 2498, 2499, 2500, 2501, 2502, 2503, 2504, 2505, 2506, 2507, 2508, 2509, 2510, 2511, 2512, 2513, 2514, 2515, 2516, 2517, 2518, 2519, 2520, 2521, 2522, 2523, 2524, 2525, 2526, 2527, 2528, 2529, 2530, 2531, 2532, 2533, 2534, 2535, 2536, 2537, 2538, 2539, 2540, 2541, 2542, 2543, 2544, 2545, 2546, 2547, 2548, 2549, 2550, 2551, 2552, 2553, 2554, 2555, 2556, 2557, 2558, 2559, 2560, 2561, 2562, 2563, 2564, 2565, 2566, 2567, 2568, 2569, 2570, 2571, 2572, 2573, 2574, 2575, 2576, 2577, 2578, 2579, 2580, 2581, 2582, 2583, 2584, 2585, 2586, 2587, 2588, 2589, 2590, 2591, 2592, 2593, 2594, 2595, 2596, 2597, 2598, 2599, 2600, 2601, 2602, 2603, 2604, 2605, 2606, 2607, 2608, 2609, 2610, 2611, 2612, 2613, 2614, 2615, 2616, 2617, 2618, 2619, 2620, 2621, 2622, 2623, 2624, 2625, 2626, 2627, 2628, 2629, 2630, 2631, 2632, 2633, 2634, 2635, 2636, 2637, 2638, 2639, 2640, 2641, 2642, 2643, 2644, 2645, 2646, 2647, 2648, 2649, 2650, 2651, 2652, 2653, 2654, 2655, 2656, 2657, 2658, 2659, 2660, 2661, 2662, 2663, 2664, 2665, 2666, 2667, 2668, 2669, 2670, 2671, 2672, 2673, 2674, 2675, 2676, 2677, 2678, 2679, 2680, 2681, 2682, 2683, 2684, 2685, 2686, 2687, 2688, 2689, 2690, 2691, 2692, 2693, 2694, 2695, 2696, 2697, 2698, 2699, 2700, 2701, 2702, 2703, 2704, 2705, 2706, 2707, 2708, 2709, 2710, 2711, 2712, 2713, 2714, 2715, 2716, 2717, 2718, 2719, 2720, 2721, 2722, 2723, 2724, 2725, 2726, 2727, 2728, 2729, 2730, 2731, 2732, 2733, 2734, 2735, 2736, 2737, 2738, 2739, 2740, 2741, 2742, 2743, 2744, 2745, 2746, 2747, 2748, 2749, 2750, 2751, 2752, 2753, 2754, 2755, 2756, 2757, 2758, 2759, 2760, 2761, 2762, 2763, 2764, 2765, 2766, 2767, 2768, 2769, 2770, 2771, 2772, 2773, 2774, 2775, 2776, 2777, 2778, 2779, 2780, 2781, 2782, 2783, 2784, 2785, 2786, 2787, 2788, 2789, 2790, 2791, 2792, 2793, 2794, 2795, 2796, 2797, 2798, 2799, 2800, 2801, 2802, 2803, 2804, 2805, 2806, 2807, 2808, 2809, 2810, 2811, 2812, 2813, 2814, 2815, 2816, 2817, 2818, 2819, 2820, 2821, 2822, 2823, 2824, 2825, 2826, 2827, 2828, 2829, 2830, 2831, 2832, 2833, 2834, 2835, 2836, 2837, 2838, 2839, 2840, 2841, 2842, 2843, 2844, 2845, 2846, 2847, 2848, 2849, 2850, 2851, 2852, 2853, 2854, 2855, 2856, 2857, 2858, 2859, 2860, 2861, 2862, 2863, 2864, 2865, 2866, 2867, 2868, 2869, 2870, 2871, 2872, 2873, 2874, 2875, 2876, 2877, 2878, 2879, 2880, 2881, 2882, 2883, 2884, 2885, 2886, 2887, 2888, 2889, 2890, 2891, 2892, 2893, 2894, 2895, 2896, 2897, 2898, 2899, 2900, 2901, 2902, 2903, 2904, 2905, 2906, 2907, 2908, 2909, 2910, 2911, 2912, 2913, 2914, 2915, 2916, 2917, 2918, 2919, 2920, 2921, 2922, 2923, 2924, 2925, 2926, 2927, 2928, 2929, 2930, 2931, 2932, 2933, 2934, 2935, 2936, 2937, 2938, 2939, 2940, 2941, 2942, 2943, 2944, 2945, 2946, 2947, 2948, 2949, 2950, 2951, 2952, 2953, 2954, 2955, 2956, 2957, 2958, 2959, 2960, 2961, 2962, 2963, 2964, 2965, 2966, 2967, 2968, 2969, 2970, 2971, 2972, 2973, 2974, 2975, 2976, 2977, 2978, 2979, 2980, 2981, 2982, 2983, 2984, 2985, 2986, 2987, 2988, 2989, 2990, 2991, 2992, 2993, 2994, 2995, 2996, 2997, 2998, 2999, 3000 |  |  |

260

Quarterly Schedule of Investment - See Notes to Schedule of Investment.

FRANKLIN TAX FREE TRUST
SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Virginia Tax-Free Income Fund (continued)

|  | Proposed | Total |
| --- | --- | --- |
| Franklin, Virginia, 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |
| Franklin, Virginia, 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |
| Franklin, Virginia, 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 15th, 16th, 17th, 18th, 19th, 20th, 21st, 22nd, 23rd, 24th, 25th, 26th, 27th, 28th, 29th, 30th, 31st, 32nd, 33rd, 34th, 35th, 36th, 37th, 38th, 39th, 40th, 41st, 42nd, 43rd, 44th, 45th, 46th, 47th, 48th, 49th, 50th, 51st, 52nd, 53rd, 54th, 55th, 56th, 57th, 58th, 59th, 60th, 61st, 62nd, 63rd, 64th, 65th, 66th, 67th, 68th, 69th, 70th, 71st, 72nd, 73rd, 74th, 75th, 76th, 77th, 78th, 79th, 80th, 81st, 82nd, 83rd, 84th, 85th, 86th, 87th, 88th, 89th, 90th, 91st, 92nd, 93rd, 94th, 95th, 96th, 97th, 98th, 99th, 100th | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments | Quarterly Schedule of Investments | 140

FRANKLIN T2A FREE TRUST

# Notes to Schedules of Investments (unaudited)

| 1. Organization, Tech Foundation, Inc., Reaiman, 2013 A, 4N, 6/01/30 | 3,700,000 | 3,700,000 |
| --- | --- | --- |
| 2. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 3. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 4. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 5. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 6. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 7. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 8. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 9. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 10. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 11. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 12. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 13. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 14. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 15. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 16. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 17. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 18. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 19. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |
| 20. International Financial Services (IFRS) | 5,100,000 | 5,100,000 |

260 Quarterly Schedules of Investments

FRANKLIN TAX FREE TRUST

NOTES TO SCHEDULES OF INVESTMENTS (UNAUDITED)

# 3. Restricted Securities

The Funds may be subject to a different federal, state, and local laws. The Funds may be subject to a different federal, state, and local laws. The Funds may be subject to a different federal, state, and local laws. The Funds may be subject to a different federal, state, and local laws.

Quarterly Schedules of Instruments

(A)

FRANKLIN TZA-FREE TRUST

NOTES TO SCHEDULES OF INVESTMENTS (UNADJUTED)

4. Investimento in Affiliated Management Investment Companies

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAT) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange) and a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

Investimento in Affiliated Management Investment Companies, Inc. is a member of the American Stock Exchange (AAC) and is a member of the American Stock Exchange (AAC) (the American Stock Exchange).

262 Quarterly Schedule of Investments

FRANKLIN TEAK PRESS TRUST

NOTES TO SCHEDULES OF INVESTMENTS (UNAUDITED)

6. Executive Measurement
1,135,000,000
1,135,000,000

Debt securities
1,135,000,000

Debt securities
1,135,000,000

Debt securities
1,135,000,000

Debt securities
1,135,000,000

Debt securities
1,135,000,000

Quarterly Schedules of Investments

141

FRANKLIN TAX FREE TRUST

NOTES TO SCHEDULES OF INVESTMENTS (UNAUDITED)

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

5. Fair Value Measurements

---

202 | Quarterly Schedule of Investments

FINANCIAL TAX FREE TRUST

NOTES TO SCHEDULES OF INVESTMENTS (UNADJUTED)

# 5. Fair Value Measurements

The following table provides the information in a specific format:

Quarterly Schedules of Investments

145

FRANKLIN TAX FREE TRUST

NOTES TO SCHEDULES OF INVESTMENTS (UNAUDITED)

# **Abbreviations**

| First Year Term Investments | 2015 | 2016 | 2017 |
| --- | --- | --- | --- |
| First Year Term Investments | 2015 | 2016 | 2017 |
| First Year Term Investments | 2015 | 2016 | 2017 |
| First Year Term Investments | 2015 | 2016 | 2017 |
| First Year Term Investments | 2015 | 2016 | 2017 |

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

200 Quarterly Schedule of Investments

The following is a list of the 100,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000

| Final/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/Established/ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Year ended December 31, 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Short Term Investments | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
| Total Investments in Securities | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000 |  |  |  |  |  |
| Proportion Other Tax-Free Income Fund | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000 |  |  |  |  |  |
| Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investments in Securities | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000 |  |  |  |  |  |
| Corporate Bonds | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000 |  |  |  |  |  |
| Municipal Bonds | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000 |  |  |  |  |  |

| Total Investments in Securities | $- | $1,230,208,214 | $2,250,006 | $1,232,400,214 |
| --- | --- | --- | --- | --- |
| Franklin Oregon Tax-Free Income Fund Assets |  |  |  |  |
| Investments in Securities |  |  |  |  |
| Corporate Bonds | - | - | 2,500,000 | 2,500,000 |
| Principal Bonds | - | $82,001,413 | - | $82,001,413 |
| Short Term Investments | - | 600,000 | - | 600,000 |
| Total Investments in Securities | $- | $883,001,413 | $2,500,006 | $886,101,413 |

## 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 High Yield Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006913

- **c. LEI of Series:** 549300VNA321FWWAAQ57

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**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:** $5305500439.93

**Total Liabilities:** $49275985.30

**Net Assets:** $5256224454.63

**Delayed Delivery Securities:** $25511323.45

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -3.24000000 | **1-Year:** -34283.58000000 | **5-Year:** -129995.55000000 | **10-Year:** -515954.88000000 | **30-Year:** -542696.28000000

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

- **3-Month:** -230.19000000 | **1-Year:** -3466.29000000 | **5-Year:** -84492.37000000 | **10-Year:** -719476.63000000 | **30-Year:** -2078065.29000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018757 | -5.82%               | -1.76%               | 5.18%                |
| Class ID C000194355 | -5.92%               | -1.76%               | 5.30%                |
| Class ID C000018760 | -6.00%               | -1.79%               | 5.16%                |
| Class ID C000199703 | -5.86%               | -1.79%               | 5.17%                |
| Class ID C000018758 | -5.85%               | -1.78%               | 5.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6992053.76             | $-349579570.73                             |
| Month 2  | $-11442150.10            | $-99449016.15                              |
| Month 3  | $-6262843.10             | $248838181.15                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Forest Lake Community Development District                                                                          | Forest Lake Community Development District, Series 2022                                                                  | CUSIP: 34585PAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $109132.68    | 0.00%             | 2027-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1314000 | PA      | $1289676.02   | 0.02%             | 2052-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DW Bayview Community Development District                                                                           | DW Bayview Community Development District, Series 2022                                                                   | CUSIP: 23342SAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $707277.75    | 0.01%             | 2052-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp.                                                                  | Matching Fund Special Purpose Securitization Corp., Series 2022 A                                                        | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   3000000 | PA      | $3025264.80   | 0.06%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Edgewater East Community Development District                                                                       | Edgewater East Community Development District, Series 2022                                                               | CUSIP: 280286AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1723641.20   | 0.03%             | 2032-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2021 A-1                                                                     | CUSIP: 13013FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1469946.96   | 0.03%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Epperson Ranch II Community Development District                                                                    | Epperson Ranch II Community Development District, Series 2020                                                            | CUSIP: 29429YAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $1804830.56   | 0.03%             | 2040-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series 2018 A                                                                                | CUSIP: 45204ER75<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8357393.00   | 0.16%             | 2048-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                                                    | City of Lavon, Series 2022                                                                                               | CUSIP: 51946PBT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $847291.70    | 0.02%             | 2042-09-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $979015.14    | 0.02%             | 2041-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                                                               | Utah Charter School Finance Authority, Series 2020 A                                                                     | CUSIP: 91754TYR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $735124.09    | 0.01%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                                                             | New York City Housing Development Corp., Series 2014, Class F                                                            | CUSIP: 64966TFJ8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4825000 | PA      | $4753170.71   | 0.09%             | 2048-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2020                                                                                                | CUSIP: 50156CAM2<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1031856.22   | 0.02%             | 2040-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Karl's Farm Metropolitan District No. 2                                                                             | Karl's Farm Metropolitan District No. 2, Series 2020 A(3)                                                                | CUSIP: 48565KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $593872.53    | 0.01%             | 2040-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Entrada Community Development District                                                                              | Entrada Community Development District, Series 2021                                                                      | CUSIP: 29384HAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $303882.22    | 0.01%             | 2031-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| City of Lago Vista TX                                                                                               | City of Lago Vista, Series 2020 A                                                                                        | CUSIP: 507081BB2<br>LEI: 5493004GT2GICXFJPF35 | Long             | DBT              | MUN               | US        |   2070000 | PA      | $1856041.90   | 0.04%             | 2035-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority                                                                    | Franklin County Industrial Development Authority, Series 2019                                                            | CUSIP: 353273CF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $795676.10    | 0.02%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Epperson North Community Development District                                                                       | Epperson North Community Development District, Series 2021                                                               | CUSIP: 29429VAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $180176.14    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Silver Palms West Community Development District                                                                    | Silver Palms West Community Development District, Series 2022                                                            | CUSIP: 82807YAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $638569.14    | 0.01%             | 2032-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Stonewater Community Development District                                                                           | Stonewater Community Development District, Series 2021                                                                   | CUSIP: 861886AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $207044.90    | 0.00%             | 2032-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Leomas Landing Community Development District                                                                       | Leomas Landing Community Development District, Series 2021                                                               | CUSIP: 526400AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $105816.99    | 0.00%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Buckhead Trails Community Development District                                                                      | Buckhead Trails Community Development District, Series 2022                                                              | CUSIP: 11836UAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968548.20    | 0.02%             | 2042-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Tomball TX                                                                                                  | City of Tomball, Series 2020                                                                                             | CUSIP: 889858AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $294366.40    | 0.01%             | 2030-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Tradition Community Development District No. 9                                                                      | Tradition Community Development District No. 9, Series 2021                                                              | CUSIP: 89269NAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $357647.12    | 0.01%             | 2026-05-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Constitution Heights Metropolitan District                                                                          | Constitution Heights Metropolitan District, Series 2020                                                                  | CUSIP: 210402AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1580118.32   | 0.03%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $870955.83    | 0.02%             | 2042-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chapel Creek Community Development District                                                                         | Chapel Creek Community Development District, Series 2021                                                                 | CUSIP: 15942MAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $221754.47    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Tuckers Pointe Community Development District                                                                       | Tuckers Pointe Community Development District, Series 2022                                                               | CUSIP: 898691AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $488421.71    | 0.01%             | 2032-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Cordova Palms Community Development District                                                                        | Cordova Palms Community Development District, Series 2022-1                                                              | CUSIP: 21864YAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $663074.63    | 0.01%             | 2053-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Celebration Community Development District                                                                          | Celebration Community Development District, Series 2021                                                                  | CUSIP: 151001EC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91549.20     | 0.00%             | 2026-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2021                                                                                                | CUSIP: 50156CAP5<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    224000 | PA      | $199359.60    | 0.00%             | 2026-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Monongalia County Commission Excise Tax District                                                                    | Monongalia County Commission Excise Tax District, Series 2021 A                                                          | CUSIP: 61022CAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1970468.55   | 0.04%             | 2043-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                                                    | City of Manor, Series 2021                                                                                               | CUSIP: 564099AJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $97157.96     | 0.00%             | 2026-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                                                          | Riverside County Transportation Commission, Series 2013 B                                                                | CUSIP: 76912DAS7<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $2745111.60   | 0.05%             | 2042-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2020                                                        | CUSIP: 05616KBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $217023.23    | 0.00%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kindred Community Development District II                                                                           | Kindred Community Development District II, Series 2020                                                                   | CUSIP: 494581AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $429596.40    | 0.01%             | 2050-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2020                                                                                          | CUSIP: 780870AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $198664.24    | 0.00%             | 2030-09-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LT Ranch Community Development District                                                                             | LT Ranch Community Development District                                                                                  | CUSIP: 54912EAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3173569.04   | 0.06%             | 2042-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                                                 | City of Crandall, Series 2021                                                                                            | CUSIP: 224384AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1672158.80   | 0.03%             | 2051-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                                                            | Metropolitan Pier & Exposition Authority, Series 2002 A                                                                  | CUSIP: 592247K66<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5638165.00   | 0.11%             | 2035-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Aubrey TX                                                                                                   | City of Aubrey, Series 2022                                                                                              | CUSIP: 050197AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1803000 | PA      | $1823151.77   | 0.03%             | 2045-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Oak Point TX                                                                                                | City of Oak Point, Series 2020                                                                                           | CUSIP: 67176TAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $263050.41    | 0.01%             | 2030-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pine Isle Community Development District                                                                            | Pine Isle Community Development District, Series 2021                                                                    | CUSIP: 72265AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90579.40     | 0.00%             | 2026-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Parrish Plantation Community Development District                                                                   | Parrish Plantation Community Development District, Series 2022                                                           | CUSIP: 701830AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $765678.65    | 0.01%             | 2042-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2021 A                                                                    | CUSIP: 13048VVJ4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8425000 | PA      | $6759834.14   | 0.13%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 612 Skye Hills                                                | City of Las Vegas, Series 2020                                                                                           | CUSIP: 51778WAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $171060.41    | 0.00%             | 2035-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 A                                                                                  | CUSIP: 74442EHA1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $577395.12    | 0.01%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sandmine Road Community Development District                                                                        | Sandmine Road Community Development District, Series 2021                                                                | CUSIP: 800063AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $379631.12    | 0.01%             | 2031-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| St Tammany Parish Finance Authority                                                                                 | St. Tammany Parish Finance Authority, Series 2014                                                                        | CUSIP: 793499BD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1590361.25   | 0.03%             | 2037-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2021                                                                                           | CUSIP: 742400BH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $91881.49     | 0.00%             | 2031-09-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Storey Drive Community Development District                                                                         | Storey Drive Community Development District, Series 2022                                                                 | CUSIP: 86216HAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $312202.58    | 0.01%             | 2032-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Triple Creek Community Development District                                                                         | Triple Creek Community Development District, Series 2021                                                                 | CUSIP: 89677RBF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $1941655.72   | 0.04%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Baseline Metropolitan District No. 1                                                                                | Baseline Metropolitan District No. 1, Series 2021 A                                                                      | CUSIP: 069826AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1266108.60   | 0.02%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kingman Gate Community Development District                                                                         | Kingman Gate Community Development District, Series 2021                                                                 | CUSIP: 495742AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $581814.30    | 0.01%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Burleigh ND                                                                                               | County of Burleigh, Series 2016                                                                                          | CUSIP: 12139LAB8<br>LEI: 549300O9YPNGKFXM8354 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2712787.28   | 0.05%             | 2036-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2022                                                                                           | CUSIP: 742400BL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    201000 | PA      | $191400.76    | 0.00%             | 2027-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2020                                                                                                | CUSIP: 31189RBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    994000 | PA      | $804854.72    | 0.02%             | 2050-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Windward Community Development District                                                                             | Windward Community Development District, Series 2020 A-1                                                                 | CUSIP: 97382FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $118345.89    | 0.00%             | 2030-05-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Kindred Community Development District II                                                                           | Kindred Community Development District II, Series 2020                                                                   | CUSIP: 494581AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $309442.80    | 0.01%             | 2040-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe TX                                                                                                 | City of Santa Fe, Series 2022                                                                                            | CUSIP: 802208AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    858000 | PA      | $782510.59    | 0.01%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avalon Groves Community Development District                                                                        | Avalon Groves Community Development District, Series 2021                                                                | CUSIP: 05344CAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $378462.79    | 0.01%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2020 A                                                                                  | CUSIP: 744396FN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1213784.93   | 0.02%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mclendon-Chisholm TX                                                                                        | City of Mclendon-Chisholm, Series 2021                                                                                   | CUSIP: 582153BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $477486.55    | 0.01%             | 2041-09-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Epperson Ranch II Community Development District                                                                    | Epperson Ranch II Community Development District, Series 2020                                                            | CUSIP: 29429YAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $390333.57    | 0.01%             | 2025-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Nexus North at DIA Metropolitan District                                                                            | Nexus North at DIA Metropolitan District, Series 2021                                                                    | CUSIP: 65344KAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $478259.45    | 0.01%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cape Girardeau County Industrial Development Authority                                                              | Cape Girardeau County Industrial Development Authority, Series 2016 A                                                    | CUSIP: 139404FK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4170000 | PA      | $4321805.10   | 0.08%             | 2033-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2016 A                                                                    | CUSIP: 13048TG23<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6691578.76   | 0.13%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 A                                                                                  | CUSIP: 744396GG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $279075.09    | 0.01%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kingman Gate Community Development District                                                                         | Kingman Gate Community Development District, Series 2020                                                                 | CUSIP: 495742AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $1771074.88   | 0.03%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                                | County of Jefferson, Series 2013 E                                                                                       | CUSIP: 472682RQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19050000 | PA      | $11502591.93  | 0.22%             | 2030-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cross Creek North Community Development District                                                                    | Cross Creek North Community Development District, Series 2022                                                            | CUSIP: 227521AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1468107.03   | 0.03%             | 2052-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2022                                                                                          | CUSIP: 780870BL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1267000 | PA      | $1271512.29   | 0.02%             | 2052-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2020                                                        | CUSIP: 05616KBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $56748.84     | 0.00%             | 2025-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                           | New York Transportation Development Corp., Series 2020                                                                   | CUSIP: 650116CW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14950000 | PA      | $15140784.43  | 0.29%             | 2036-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Saddle Creek Preserve of Polk County Community Development District                                                 | Saddle Creek Preserve of Polk County Community Development District, Series 2020                                         | CUSIP: 786230AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $610411.76    | 0.01%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 812                                                           | City of Las Vegas, Series 2015                                                                                           | CUSIP: 517784AS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1014050.00   | 0.02%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                                                                 | Idaho Housing & Finance Association, Series 2010 A                                                                       | CUSIP: 45130CAB7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |  13305000 | PA      | $13329674.12  | 0.25%             | 2036-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Polk County Hospital Facility Authority                                                                             | Polk County Hospital Facility Authority, Series 2020 A                                                                   | CUSIP: 731347AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2887986.85   | 0.05%             | 2055-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Mclendon-Chisholm TX                                                                                        | City of Mclendon-Chisholm, Series 2021                                                                                   | CUSIP: 582153BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $682703.76    | 0.01%             | 2051-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                              | California Municipal Finance Authority, Series 2015 A                                                                    | CUSIP: 13048TWM1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  17400000 | PA      | $17596898.40  | 0.33%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Parrish Plantation Community Development District                                                                   | Parrish Plantation Community Development District, Series 2021                                                           | CUSIP: 701830AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $203834.91    | 0.00%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2017                                                        | CUSIP: 64542UDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4661900.50   | 0.09%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2017 A                                                                                         | CUSIP: 452152U33<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1712842.11   | 0.03%             | 2040-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2020 C                                                                                         | CUSIP: 4521527B1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5003640.00   | 0.10%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                       | North Texas Tollway Authority, Series 2011 B                                                                             | CUSIP: 66285WHD1<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $3697440.00   | 0.07%             | 2037-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Sinton TX                                                                                                   | City of Sinton, Series 2022                                                                                              | CUSIP: 829366AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1144817.00   | 0.02%             | 2051-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Currents Community Development District                                                                             | Currents Community Development District, Series 2020 A                                                                   | CUSIP: 23131PAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5815000 | PA      | $4489912.69   | 0.09%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                                                          | Michigan Finance Authority, Series 2020 B-2, Class 2                                                                     | CUSIP: 59447TM26<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        | 100000000 | PA      | $8484440.00   | 0.16%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2021                                                               | CUSIP: 83005TBJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $596294.73    | 0.01%             | 2041-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Berry Bay Community Development District                                                                            | Berry Bay Community Development District, Series 2021                                                                    | CUSIP: 08577CAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1155018.15   | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13081CAC2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1170343.03   | 0.02%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bannon Lakes Community Development District                                                                         | Bannon Lakes Community Development District, Series 2021                                                                 | CUSIP: 066697AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $533085.35    | 0.01%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                                                            | Texas Transportation Commission, Series 2019 A                                                                           | CUSIP: 88283NAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $740975.60    | 0.01%             | 2052-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                                                 | City of Crandall, Series 2021                                                                                            | CUSIP: 224384AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    409000 | PA      | $368533.13    | 0.01%             | 2031-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2022                                                                                                | CUSIP: 31189RCF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $934463.31    | 0.02%             | 2052-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Summerstone Community Development District                                                                          | Summerstone Community Development District, Series 2020                                                                  | CUSIP: 865711AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $146179.13    | 0.00%             | 2030-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2019 C                                                                                         | CUSIP: 4521525Y3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2193937.11   | 0.04%             | 2043-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Glen Community Development District                                                                           | River Glen Community Development District, Series 2021                                                                   | CUSIP: 76830AAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $752041.50    | 0.01%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A                                                                                | CUSIP: 14054CEC9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    445000 | PA      | $303216.68    | 0.01%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                                                   | State of Nevada Department of Business & Industry, Series 2018 A                                                         | CUSIP: 25490LAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977084.20    | 0.02%             | 2038-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Port Tampa Bay Community Development District                                                                   | New Port Tampa Bay Community Development District, Series 2021                                                           | CUSIP: 648149AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $993130.00    | 0.02%             | 2041-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Grove Resort Community Development District                                                                         | Grove Resort Community Development District, Series 2022                                                                 | CUSIP: 399618AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $328541.19    | 0.01%             | 2042-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Cleveland Housing Authority                                                                                         | Cleveland Housing Authority, Series 2022 B                                                                               | CUSIP: 18655HAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948839.90    | 0.02%             | 2041-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Avalon Park West Community Development District                                                                     | Avalon Park West Community Development District, Series 2020                                                             | CUSIP: 05346TAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $686883.21    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2020 A-2                                                                                | CUSIP: 74441XGZ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  18000000 | PA      | $14458019.40  | 0.28%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Sunbridge Stewardship District                                                                                      | Sunbridge Stewardship District, Series 2022                                                                              | CUSIP: 86709HAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $419164.43    | 0.01%             | 2027-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 815                                                           | City of Las Vegas, Series 2020                                                                                           | CUSIP: 51778VAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $950198.43    | 0.02%             | 2040-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                                                    | Maricopa County Industrial Development Authority, Series 2018 A                                                          | CUSIP: 56681NCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5201164.00   | 0.10%             | 2038-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2022                                                                                        | CUSIP: 530575AN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1413016.19   | 0.03%             | 2052-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Copperleaf Metropolitan District No. 6                                                                              | Copperleaf Metropolitan District No. 6, Series 2022 B                                                                    | CUSIP: 21765PAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1151543.24   | 0.02%             | 2041-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                                                               | Utah Charter School Finance Authority, Series 2020 A                                                                     | CUSIP: 91754TYQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $445488.44    | 0.01%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2022                                                                                                | CUSIP: 50156CAU4<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $451229.55    | 0.01%             | 2032-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Meadow View at Twin Creeks Community Development District                                                           | Meadow View at Twin Creeks Community Development District, Series 2021                                                   | CUSIP: 583188AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $462852.94    | 0.01%             | 2052-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Entrada Community Development District                                                                              | Entrada Community Development District, Series 2021                                                                      | CUSIP: 29384HAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1766405.52   | 0.03%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Port Tampa Bay Community Development District                                                                   | New Port Tampa Bay Community Development District, Series 2021                                                           | CUSIP: 648149AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $326065.32    | 0.01%             | 2026-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                                                     | City of Anna, Series 2021                                                                                                | CUSIP: 035713AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    503000 | PA      | $439988.84    | 0.01%             | 2051-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Port Community Development District                                                                            | West Port Community Development District, Series 2021                                                                    | CUSIP: 95549GAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $487207.90    | 0.01%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Banyan Cay Community Development District                                                                           | Banyan Cay Community Development District, Series 2020 NM                                                                | CUSIP: 06683YAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2309262.60   | 0.04%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Johnstown Farms East Metropolitan District                                                                          | Johnstown Farms East Metropolitan District, Series 2021                                                                  | CUSIP: 47953AAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1226169.45   | 0.02%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forest Lake Community Development District                                                                          | Forest Lake Community Development District, Series 2022                                                                  | CUSIP: 34585PAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $602376.38    | 0.01%             | 2052-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ritoro Metropolitan District                                                                                        | Ritoro Metropolitan District, Series 2019 A                                                                              | CUSIP: 76778TAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1813344.00   | 0.03%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 3rd and Havana Metropolitan District                                                                                | 3rd and Havana Metropolitan District, Series 2020 A                                                                      | CUSIP: 884134AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3775000 | PA      | $3381249.76   | 0.06%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Edgewater East Community Development District                                                                       | Edgewater East Community Development District, Series 2021                                                               | CUSIP: 280286AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2189122.73   | 0.04%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2017 A                                                                                  | CUSIP: 74442ECS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2749237.16   | 0.05%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2020                                                                                           | CUSIP: 742400AY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     97000 | PA      | $92128.18     | 0.00%             | 2025-09-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2022                                                                                        | CUSIP: 530575AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1097000 | PA      | $931387.23    | 0.02%             | 2042-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2022                                                                                           | CUSIP: 742400BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1139000 | PA      | $970649.19    | 0.02%             | 2052-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency                                                                                      | CUSIP: 13013FAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $11038819.50  | 0.21%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Artisan Lakes East Community Development District                                                                   | Artisan Lakes East Community Development District, Series 2021-1                                                         | CUSIP: 04316FAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $337824.86    | 0.01%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Avalon Groves Community Development District                                                                        | Avalon Groves Community Development District, Series 2021                                                                | CUSIP: 05344CAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $168837.24    | 0.00%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Marble Falls TX                                                                                             | City of Marble Falls, Series 2021                                                                                        | CUSIP: 566035AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $306676.06    | 0.01%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                                                    | City of Lavon, Series 2022                                                                                               | CUSIP: 51946PBU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1227096.30   | 0.02%             | 2052-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CEK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    473000 | PA      | $436747.25    | 0.01%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westview North Community Development District                                                                       | Westview North Community Development District, Series 2022                                                               | CUSIP: 961557AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003612.20   | 0.02%             | 2042-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LT Ranch Community Development District                                                                             | LT Ranch Community Development District                                                                                  | CUSIP: 54912EAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $381611.12    | 0.01%             | 2042-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Cordoba Ranch Community Development District                                                                        | Cordoba Ranch Community Development District, Series 2021                                                                | CUSIP: 21853FAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $712173.00    | 0.01%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Club Municipal Management District No. 1                                                                            | Club Municipal Management District No. 1, Series 2021                                                                    | CUSIP: 18948PAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1012000 | PA      | $752300.16    | 0.01%             | 2041-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Lehigh County Industrial Development Authority                                                                      | Lehigh County Industrial Development Authority, Series 2021 A                                                            | CUSIP: 52481MAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $620588.74    | 0.01%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buena Lago Community Development District                                                                           | Buena Lago Community Development District, Series 2022                                                                   | CUSIP: 119126AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1145075.05   | 0.02%             | 2052-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rivers Edge III Community Development District                                                                      | Rivers Edge III Community Development District, Series 2021                                                              | CUSIP: 76882NAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $586508.38    | 0.01%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Henderson Local Improvement Districts                                                                               | City of Henderson, Series 2005                                                                                           | CUSIP: 425208QG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $823163.47    | 0.02%             | 2025-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CEC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    379000 | PA      | $294855.14    | 0.01%             | 2041-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2022                                                        | CUSIP: 05616KBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3850467.20   | 0.07%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hills Minneola Community Development District                                                                       | Hills of Minneola Community Development District, Series 2020                                                            | CUSIP: 431688AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $886652.20    | 0.02%             | 2031-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of San Marcos TX                                                                                               | City of San Marcos, Series 2022                                                                                          | CUSIP: 798801AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1621000 | PA      | $1349427.87   | 0.03%             | 2051-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 A                                                                                  | CUSIP: 744396GJ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1048575.68   | 0.02%             | 2061-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crestview II Community Development District                                                                         | Crestview II Community Development District, Series 2020                                                                 | CUSIP: 226321AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $420644.33    | 0.01%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series E-2                                                                         | CUSIP: 74526QD74<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   6000000 | PA      | $4680000.00   | 0.09%             | 2021-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2019 A                                                      | CUSIP: 64542QBJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483471.75    | 0.01%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Powerline Road Community Development District                                                                 | North Powerline Road Community Development District, Series 2022                                                         | CUSIP: 66173PAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $287719.90    | 0.01%             | 2032-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bridgewater North Community Development District                                                                    | Bridgewater North Community Development District, Series 2022                                                            | CUSIP: 10865PAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $828629.90    | 0.02%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Abbott Square Community Development District                                                                        | Abbott Square Community Development District, Series 2022                                                                | CUSIP: 00284AAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1473973.50   | 0.03%             | 2052-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Coral Bay Lee County Community Development District                                                                 | Coral Bay Lee County Community Development District, Series 2022                                                         | CUSIP: 217761AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497834.00    | 0.01%             | 2052-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                    | City of Hutto, Series 2021                                                                                               | CUSIP: 448529AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1146000 | PA      | $887055.57    | 0.02%             | 2056-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 13                                                                       | Village Community Development District No. 13, Series 2021                                                               | CUSIP: 92708HAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $3395296.30   | 0.06%             | 2052-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Marble Falls TX                                                                                             | City of Marble Falls, Series 2021                                                                                        | CUSIP: 566035AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1209524.53   | 0.02%             | 2051-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Ecorse MI                                                                                                   | City of Ecorse, Series 2011                                                                                              | CUSIP: 279155BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2220768.75   | 0.04%             | 2035-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                                                    | City of Lavon                                                                                                            | CUSIP: 51946PCB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010134.10   | 0.02%             | 2052-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series 2018 A-1                                                                              | CUSIP: 45202LCB8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $30.00        | 0.00%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                                | County of Jefferson, Series 2013 E                                                                                       | CUSIP: 472682RX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12425000 | PA      | $4575659.08   | 0.09%             | 2036-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cypress Park Estates Community Development District                                                                 | Cypress Park Estates Community Development District, Series 2022                                                         | CUSIP: 23280FAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $146698.91    | 0.00%             | 2027-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2021                                                        | CUSIP: 05616KBL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $391780.68    | 0.01%             | 2031-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 21B                                                                                               | CUSIP: 13136CAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7205000 | PA      | $7205000.00   | 0.14%             | 2022-10-12      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2022                                                                                           | CUSIP: 742400BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    752000 | PA      | $664939.08    | 0.01%             | 2042-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Farmville Industrial Development Authority                                                                          | Farmville Industrial Development Authority, Series 2020 A                                                                | CUSIP: 311617BA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994280.70    | 0.02%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2021                                                                                          | CUSIP: 59785RAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1316881.48   | 0.03%             | 2051-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2020                                                        | CUSIP: 05616KAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $217023.23    | 0.00%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Westview North Community Development District                                                                       | Westview North Community Development District, Series 2022                                                               | CUSIP: 961557AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1257171.00   | 0.02%             | 2052-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Village Metropolitan District (The)                                                                                 | Village Metropolitan District (The), Series 2020                                                                         | CUSIP: 92708CAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1038261.29   | 0.02%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pine Isle Community Development District                                                                            | Pine Isle Community Development District, Series 2021                                                                    | CUSIP: 72265AAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $732693.00    | 0.01%             | 2041-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Willows Community Development District                                                                              | Willows Community Development District, Series 2022                                                                      | CUSIP: 971264AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1456703.42   | 0.03%             | 2042-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Chapel Creek Community Development District                                                                         | Chapel Creek Community Development District, Series 2021                                                                 | CUSIP: 15942MAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $658036.31    | 0.01%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2021                                                                                                | CUSIP: 31189RBZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    711000 | PA      | $603741.53    | 0.01%             | 2031-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                    | City of Hutto, Series 2021                                                                                               | CUSIP: 448529AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    171000 | PA      | $155104.90    | 0.00%             | 2026-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District No. 2                                                                       | Aurora Crossroads Metropolitan District No. 2, Series 2020 A                                                             | CUSIP: 05162QAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1297183.20   | 0.02%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                                                         | Ohio Higher Educational Facility Commission, Series 2020 A                                                               | CUSIP: 67756DXK7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1126907.69   | 0.02%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Currents Community Development District                                                                             | Currents Community Development District, Series 2020 A                                                                   | CUSIP: 23131PAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2620373.27   | 0.05%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical and Environmental Control Facilities Financing Authority Revenue | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2000 A | CUSIP: 74527JAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  16835000 | PA      | $17439268.76  | 0.33%             | 2026-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                     | Foothill-Eastern Transportation Corridor Agency, Series 2013 A                                                           | CUSIP: 345105HJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7295000 | PA      | $7966404.81   | 0.15%             | 2031-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                           | New Jersey Economic Development Authority, Series 2017 A                                                                 | CUSIP: 64577BG40<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1949867.92   | 0.04%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                                                   | State of Nevada Department of Business & Industry, Series 2017                                                           | CUSIP: 25461PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8047562.40   | 0.15%             | 2037-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2021                                                                                          | CUSIP: 59785RAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $350712.52    | 0.01%             | 2031-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pronghorn Valley Metropolitan District                                                                              | Pronghorn Valley Metropolitan District, Series 2021 A                                                                    | CUSIP: 74344YAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $478735.40    | 0.01%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 13                                                                       | Village Community Development District No. 13, Series 2021                                                               | CUSIP: 92708HAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1262365.35   | 0.02%             | 2036-05-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                                                                                 | County of Medina, Series 2021                                                                                            | CUSIP: 584735AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $730627.61    | 0.01%             | 2031-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| County of Burleigh ND                                                                                               | County of Burleigh, Series 2016                                                                                          | CUSIP: 12139LAC6<br>LEI: 549300O9YPNGKFXM8354 | Long             | DBT              | MUN               | US        |   3130000 | PA      | $2861234.41   | 0.05%             | 2046-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Celebration Pointe Community Development District No. 1                                                             | Celebration Pointe Community Development District No. 1, Series 2021                                                     | CUSIP: 15102HAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $985699.79    | 0.02%             | 2053-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Henderson Local Improvement Districts                                                                               | City of Henderson, Series 2016                                                                                           | CUSIP: 425208UL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1627155.25   | 0.03%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tamarindo Community Development District                                                                            | Tamarindo Community Development District, Series 2021                                                                    | CUSIP: 875056AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $157786.83    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Grand Oaks Community Development District                                                                           | Grand Oaks Community Development District, Series 2021                                                                   | CUSIP: 38611CAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $417941.70    | 0.01%             | 2041-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Rhodine Road North Community Development District                                                                   | Rhodine Road North Community Development District, Series 2022                                                           | CUSIP: 762402AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $358080.09    | 0.01%             | 2042-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                                                           | Central Texas Regional Mobility Authority, Series 2010                                                                   | CUSIP: 155498BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1306428.75   | 0.02%             | 2037-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Silver Palms West Community Development District                                                                    | Silver Palms West Community Development District, Series 2022                                                            | CUSIP: 82807YAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $1667680.37   | 0.03%             | 2052-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2020                                                                         | CUSIP: 51265KEH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $843787.50    | 0.02%             | 2040-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Anabelle Island Community Development District                                                                      | Anabelle Island Community Development District, Series 2022                                                              | CUSIP: 03235SAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1457609.45   | 0.03%             | 2042-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2020                                                                                              | CUSIP: 15114CDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $773489.86    | 0.01%             | 2050-09-01      | Fixed         | 4.00%                 | 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        |   8000000 | PA      | $7952612.80   | 0.15%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2014 A                                                      | CUSIP: 64542RAX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1342205.70   | 0.03%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| First Creek Village Metropolitan District                                                                           | First Creek Village Metropolitan District, Series 2019 A                                                                 | CUSIP: 319617AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $495946.31    | 0.01%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                                                  | City of Detroit, Series 2021 A                                                                                           | CUSIP: 2510934S6<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    480000 | PA      | $505136.40    | 0.01%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2020                                                                                              | CUSIP: 15114CDB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1438938.24   | 0.03%             | 2050-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| North River Ranch Community Development District                                                                    | North River Ranch Community Development District, Series 2020 A-1                                                        | CUSIP: 662008AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $972044.98    | 0.02%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sandmine Road Community Development District                                                                        | Sandmine Road Community Development District, Series 2020                                                                | CUSIP: 800063AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $819276.54    | 0.02%             | 2040-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Astonia Community Development District                                                                              | Astonia Community Development District, Series 2021                                                                      | CUSIP: 04625DAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $613674.96    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2022                                                                                          | CUSIP: 59785RAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1516000 | PA      | $1421871.71   | 0.03%             | 2042-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DW Bayview Community Development District                                                                           | DW Bayview Community Development District, Series 2021                                                                   | CUSIP: 23342SAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $359844.60    | 0.01%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2022                                                                                           | CUSIP: 742400BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2104811.97   | 0.04%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Scenic Terrace South Community Development District                                                                 | Scenic Terrace South Community Development District, Series 2022                                                         | CUSIP: 806205AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476147.05    | 0.01%             | 2027-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                              | North Carolina Medical Care Commission, Series 2020 A                                                                    | CUSIP: 65820YRR9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $931668.60    | 0.02%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                             | Michigan Strategic Fund, Series 2021                                                                                     | CUSIP: 594698SL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $770767.20    | 0.01%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson City Health & Educational Facilities Board                                                                  | Johnson City Health & Educational Facilities Board, Series 2000 A                                                        | CUSIP: 478271EC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19400000 | PA      | $15731562.82  | 0.30%             | 2028-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brighton Crossing Metropolitan District No. 6                                                                       | Brighton Crossing Metropolitan District No. 6, Series 2020 A(3)                                                          | CUSIP: 10933PAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1680862.20   | 0.03%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI Sewage Disposal System Revenue                                                                   | City of Detroit, Series 2006 B                                                                                           | CUSIP: 2512377S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15030.48     | 0.00%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series 2018 A                                                                                | CUSIP: 45204ER67<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4030000 | PA      | $3244584.43   | 0.06%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scenic Highway Community Development District                                                                       | Scenic Highway Community Development District, Series 2020                                                               | CUSIP: 806193AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $416389.03    | 0.01%             | 2030-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                                                                          | Development Authority of Cobb County (The), Series 2019 A                                                                | CUSIP: 190806ES4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1607372.77   | 0.03%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2020                                                                                          | CUSIP: 780870BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $990977.86    | 0.02%             | 2040-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Southern Groves Community Development District No. 5                                                                | Southern Groves Community Development District No. 5, Series 2021                                                        | CUSIP: 843021AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $575132.98    | 0.01%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                               | Villages of Glen Creek Community Development District, Series 2022 A                                                     | CUSIP: 92716AAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245367.40    | 0.00%             | 2032-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Mirada II Community Development District                                                                            | Mirada II Community Development District, Series 2021                                                                    | CUSIP: 60463WAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $373916.82    | 0.01%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                                                          | Michigan Finance Authority, Series 2014                                                                                  | CUSIP: 594479HT7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3805000 | PA      | $3815407.82   | 0.07%             | 2044-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| City of Venus TX                                                                                                    | City of Venus, Series 2021                                                                                               | CUSIP: 92334AAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $208976.70    | 0.00%             | 2031-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021                                                                                    | CUSIP: 74442PVF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    570000 | PA      | $506685.08    | 0.01%             | 2041-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2022                                                                                                | CUSIP: 50156CBA7<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    400000 | PA      | $388424.68    | 0.01%             | 2032-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                  | Tobacco Settlement Financing Corp., Series 2018 A                                                                        | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7053109.00   | 0.13%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2017                                                        | CUSIP: 64542UDX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4595000 | PA      | $4187469.45   | 0.08%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forest Lake Community Development District                                                                          | Forest Lake Community Development District, Series 2020                                                                  | CUSIP: 34585PAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $313237.54    | 0.01%             | 2030-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Rowlett TX                                                                                                  | City of Rowlett, Series 2021                                                                                             | CUSIP: 779719AL7<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $823438.60    | 0.02%             | 2051-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                                                 | City of Crandall, Series 2021                                                                                            | CUSIP: 224384AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $684727.05    | 0.01%             | 2051-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                                                                | City of Baltimore, Series 2016                                                                                           | CUSIP: 05923TBQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1253189.88   | 0.02%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                                | County of Jefferson, Series 2013 E                                                                                       | CUSIP: 472682RU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  28020000 | PA      | $12190445.65  | 0.23%             | 2034-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| River Place on the St Lucie Community Development District                                                          | River Place on the St. Lucie Community Development District, Series 2001 B                                               | CUSIP: 768343BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $1750.00      | 0.00%             | 2010-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2022                                                                                          | CUSIP: 59785RAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2509000 | PA      | $2339942.58   | 0.04%             | 2052-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2021                                                                                           | CUSIP: 742400BC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     84000 | PA      | $76229.71     | 0.00%             | 2026-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bridgewater North Community Development District                                                                    | Bridgewater North Community Development District, Series 2022                                                            | CUSIP: 10865PAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $305783.94    | 0.01%             | 2032-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Crystal Cay Community Development District                                                                          | Crystal Cay Community Development District, Series 2021                                                                  | CUSIP: 229092AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $603688.28    | 0.01%             | 2041-05-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Tulsa County Industrial Authority                                                                                   | Tulsa County Industrial Authority, Series 2017                                                                           | CUSIP: 899530AY5<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010821.30   | 0.02%             | 2037-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tern Bay Community Development District                                                                             | Tern Bay Community Development District, Series 2022                                                                     | CUSIP: 88088EAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1426384.91   | 0.03%             | 2032-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                                            | New Hampshire Business Finance Authority, Series 2020 A                                                                  | CUSIP: 63607YAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2144401.98   | 0.04%             | 2040-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Collier County Educational Facilities Authority                                                                     | Collier County Educational Facilities Authority, Series 2013 A                                                           | CUSIP: 19463TAF3<br>LEI: 5493003XVBWC2SNPMX57 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5528811.75   | 0.11%             | 2033-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $426479.35    | 0.01%             | 2041-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                                                 | City of Crandall, Series 2022                                                                                            | CUSIP: 224384AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    306000 | PA      | $310059.18    | 0.01%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2022 A                                                                         | CUSIP: 340618DF1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $15404098.40  | 0.29%             | 2057-07-01      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Belmond Reserve Community Development District                                                                      | Belmond Reserve Community Development District, Series 2020                                                              | CUSIP: 08015TAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1477627.38   | 0.03%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Dayton TX                                                                                                   | City of Dayton, Series 2022 A                                                                                            | CUSIP: 240094AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    764000 | PA      | $727084.36    | 0.01%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 21A                                                                                               | CUSIP: 13136CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1920000.00   | 0.04%             | 2022-10-12      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| Meadow View at Twin Creeks Community Development District                                                           | Meadow View at Twin Creeks Community Development District, Series 2021                                                   | CUSIP: 583188AX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $174844.87    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A-1                                                                              | CUSIP: 14052WDT1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $813637.23    | 0.02%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                                                    | Pennsylvania Turnpike Commission, Series B-2                                                                             | CUSIP: 709224BW8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  25075000 | PA      | $22249917.60  | 0.42%             | 2040-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2020                                                        | CUSIP: 05616KBJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $687574.75    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chaparral Palm Bay Community Development District                                                                   | Chaparral Palm Bay Community Development District, Series 2020 A-1                                                       | CUSIP: 159419AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1043922.90   | 0.02%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coral Bay Lee County Community Development District                                                                 | Coral Bay Lee County Community Development District, Series 2022                                                         | CUSIP: 217761AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249523.15    | 0.00%             | 2042-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                               | Metropolitan Transportation Authority, Series 2020 C-1                                                                   | CUSIP: 59261AG35<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  16170000 | PA      | $15763280.84  | 0.30%             | 2045-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mirada Community Development District                                                                               | Mirada Community Development District, Series 2021                                                                       | CUSIP: 60463TAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2394722.68   | 0.05%             | 2032-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Hilltop Point Community Development District                                                                        | Hilltop Point Community Development District, Series 2022-2                                                              | CUSIP: 432763AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $715568.78    | 0.01%             | 2053-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Stoddard County Industrial Development Authority                                                                    | Stoddard County Industrial Development Authority, Series 2016 B                                                          | CUSIP: 86149UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3873449.56   | 0.07%             | 2037-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hammock Reserve Community Development District                                                                      | Hammock Reserve Community Development District, Series 2022                                                              | CUSIP: 408348AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2100464.65   | 0.04%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avalon Park West Community Development District                                                                     | Avalon Park West Community Development District, Series 2022                                                             | CUSIP: 05346TAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503148.45    | 0.01%             | 2042-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EP Cimarron Ventanas PFC                                                                                            | EP Cimarron Ventanas PFC, Series 2021 A                                                                                  | CUSIP: 26879QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9065000 | PA      | $6646653.80   | 0.13%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Landing Community Development District                                                                        | River Landing Community Development District, Series 2020 B                                                              | CUSIP: 76828JAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $902957.07    | 0.02%             | 2035-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Cordova Palms Community Development District                                                                        | Cordova Palms Community Development District, Series 2022-1                                                              | CUSIP: 21864YAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $329977.63    | 0.01%             | 2042-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Eagle Brook Meadows Metropolitan District No. 3                                                                     | Eagle Brook Meadows Metropolitan District No. 3, Series 2021                                                             | CUSIP: 26943TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1340900.80   | 0.03%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Magnolia Park Community Development District                                                                        | Magnolia Park Community Development District, Series 2020                                                                | CUSIP: 559671AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $236280.15    | 0.00%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198210.38    | 0.00%             | 2032-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cypress Park Estates Community Development District                                                                 | Cypress Park Estates Community Development District, Series 2020                                                         | CUSIP: 23280FAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $934272.46    | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                                                            | Texas Transportation Commission, Series 2019 A                                                                           | CUSIP: 88283NAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $1445172.80   | 0.03%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                       | North Texas Tollway Authority, Series 2011 C                                                                             | CUSIP: 66285WHF6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $12521868.00  | 0.24%             | 2043-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Anabelle Island Community Development District                                                                      | Anabelle Island Community Development District, Series 2022                                                              | CUSIP: 03235SAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $593885.55    | 0.01%             | 2027-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| East Bonita Beach Road Community Development District                                                               | East Bonita Beach Road Community Development District, Series 2021                                                       | CUSIP: 271124AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $581737.80    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Entrada Community Development District                                                                              | Entrada Community Development District, Series 2021                                                                      | CUSIP: 29384HAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $149939.28    | 0.00%             | 2026-05-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                                                     | City of Anna, Series 2021                                                                                                | CUSIP: 035713AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $251345.04    | 0.00%             | 2031-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Johnson City Health & Educational Facilities Board                                                                  | Johnson City Health & Educational Facilities Board, Series 2000 A                                                        | CUSIP: 478271EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19370000 | PA      | $14434855.23  | 0.27%             | 2030-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2020                                                                         | CUSIP: 51265KEQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $408422.10    | 0.01%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                 | Wisconsin Health & Educational Facilities Authority, Series 2018 C                                                       | CUSIP: 97671VBL8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    175000 | PA      | $138948.39    | 0.00%             | 2028-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2020 A                                                                                  | CUSIP: 74441XGX1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7225000 | PA      | $5520204.17   | 0.11%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| West Port Community Development District                                                                            | West Port Community Development District, Series 2021                                                                    | CUSIP: 95549GAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1099928.68   | 0.02%             | 2041-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2014 A                                                      | CUSIP: 64542RAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2179292.65   | 0.04%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                               | Children's Trust Fund, Series 2002                                                                                       | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2500000 | PA      | $2500672.50   | 0.05%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Willows Community Development District                                                                              | Willows Community Development District, Series 2022                                                                      | CUSIP: 971264AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1211653.08   | 0.02%             | 2052-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Holly Hill Road East Community Development District                                                                 | Holly Hill Road East Community Development District, Series 2020                                                         | CUSIP: 43584FAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $333233.78    | 0.01%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Glen Community Development District                                                                           | River Glen Community Development District, Series 2021                                                                   | CUSIP: 76830AAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $298515.63    | 0.01%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2013 A                                                                      | CUSIP: 74526QA93<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |  25000000 | PA      | $19062500.00  | 0.36%             | 2030-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                                                    | Maricopa County Industrial Development Authority, Series 2021 A                                                          | CUSIP: 56681NGM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $1818835.73   | 0.03%             | 2061-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Evan's Place Metropolitan District                                                                                  | Evan's Place Metropolitan District, Series 2020 A(3)                                                                     | CUSIP: 299192AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $508195.71    | 0.01%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakeshore Villages Master Community Development District                                                            | Lakeshore Villages Master Community Development District, Series 2021                                                    | CUSIP: 512098AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $589439.58    | 0.01%             | 2031-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Tradition Community Development District No. 9                                                                      | Tradition Community Development District No. 9, Series 2021                                                              | CUSIP: 89269NAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $369600.18    | 0.01%             | 2031-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Village of Villa Park IL                                                                                            | Village of Villa Park, Series 2021                                                                                       | CUSIP: 927023AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1282753.25   | 0.02%             | 2038-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brightwater Community Development District                                                                          | Brightwater Community Development District, Series 2021                                                                  | CUSIP: 10947YAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $252201.96    | 0.00%             | 2031-05-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2019 B                                                      | CUSIP: 64542PFA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14845000 | PA      | $13256108.48  | 0.25%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series A                                                                                     | CUSIP: 45204EVF2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1545886.55   | 0.03%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series D                                                           | CUSIP: 64542PCP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5110000 | PA      | $2299500.00   | 0.04%             | 2051-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Bradburn Metropolitan District No. 2                                                                                | Bradburn Metropolitan District No. 2, Series 2018 A                                                                      | CUSIP: 103844AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2206644.24   | 0.04%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1696941 | PA      | $1739466.17   | 0.03%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                                                                  | New York Liberty Development Corp., Series 2005                                                                          | CUSIP: 531127AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  65000000 | PA      | $71409091.00  | 1.36%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                                                     | Chester County Industrial Development Authority, Series 2014                                                             | CUSIP: 165588CX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1519624.50   | 0.03%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                                | County of Jefferson, Series 2013 E                                                                                       | CUSIP: 472682RT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35700000 | PA      | $16869092.52  | 0.32%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2020                                                                                        | CUSIP: 530575AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $729193.34    | 0.01%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Steel Point Infrastructure Improvement District                                                                     | Steel Point Infrastructure Improvement District, Series 2021                                                             | CUSIP: 85814YAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1318627.54   | 0.03%             | 2051-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Jeffersonville IN                                                                                           | City of Jeffersonville, Series 2020 A                                                                                    | CUSIP: 475666AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3639718.35   | 0.07%             | 2040-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Leomas Landing Community Development District                                                                       | Leomas Landing Community Development District, Series 2021                                                               | CUSIP: 526400AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $262698.31    | 0.00%             | 2031-05-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| City of Elmendorf TX                                                                                                | City of Elmendorf, Series 2021                                                                                           | CUSIP: 28938TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $914220.25    | 0.02%             | 2041-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Summer Woods Community Development District                                                                         | Summer Woods Community Development District, Series 2021                                                                 | CUSIP: 865657AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $172605.38    | 0.00%             | 2031-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2020 A                                                                                  | CUSIP: 744396FM9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    815000 | PA      | $759948.54    | 0.01%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                               | Metropolitan Transportation Authority, Series 2020 C-1                                                                   | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  37695000 | PA      | $36986948.43  | 0.70%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tuckers Pointe Community Development District                                                                       | Tuckers Pointe Community Development District, Series 2022                                                               | CUSIP: 898691AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1247010.34   | 0.02%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Place on the St Lucie Community Development District                                                          | River Place on the St. Lucie Community Development District, Series 2001 A                                               | CUSIP: 768343BD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $923276.52    | 0.02%             | 2030-05-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                    | City of Hutto, Series 2021                                                                                               | CUSIP: 448529AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    239000 | PA      | $214770.66    | 0.00%             | 2026-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Avenir Community Development District                                                                               | Avenir Community Development District, Series 2021 A-1                                                                   | CUSIP: 05357JAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3772952.50   | 0.07%             | 2041-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Lower Petroglyphs Public Improvement District                                                                       | Lower Petroglyphs Public Improvement District, Series 2018                                                               | CUSIP: 54844CAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $419509.76    | 0.01%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stillwater Community Development District                                                                           | Stillwater Community Development District, Series 2021                                                                   | CUSIP: 860725AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $276456.12    | 0.01%             | 2031-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                                                              | Clifton Higher Education Finance Corp., Series A                                                                         | CUSIP: 187145DF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2866310.94   | 0.05%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Marcos TX                                                                                               | City of San Marcos, Series 2020                                                                                          | CUSIP: 798801AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1265875.91   | 0.02%             | 2050-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2018 A                                                                                | CUSIP: 140536AC7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |  31755000 | PA      | $29650189.69  | 0.56%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2020                                                                                        | CUSIP: 530575AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $214487.10    | 0.00%             | 2030-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2018                       | CUSIP: 54628CES7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1668457.34   | 0.03%             | 2039-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                                                         | George L Smith II Congress Center Authority, Series 2021 B                                                               | CUSIP: 37255MAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2339783.25   | 0.04%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Two Rivers West Community Development District                                                                      | Two Rivers West Community Development District, Series 2022                                                              | CUSIP: 90207HAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1995258.20   | 0.04%             | 2023-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sarasota National Community Development District                                                                    | Sarasota National Community Development District, Series 2020                                                            | CUSIP: 80342PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1321111.78   | 0.03%             | 2031-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Artisan Lakes East Community Development District                                                                   | Artisan Lakes East Community Development District, Series 2021-2                                                         | CUSIP: 04316FAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $229331.47    | 0.00%             | 2031-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Northwood Municipal Utility District No. 1                                                                          | Northwood Municipal Utility District No. 1, Series 2020                                                                  | CUSIP: 668511BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1069870.21   | 0.02%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Epperson North Community Development District                                                                       | Epperson North Community Development District, Series 2021                                                               | CUSIP: 29429VAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1386799.94   | 0.03%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                                                                  | County of Clark, Series 2015                                                                                             | CUSIP: 181003MX9<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2133907.84   | 0.04%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Powerline Road Community Development District                                                                 | North Powerline Road Community Development District, Series 2020                                                         | CUSIP: 66173PAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $783027.80    | 0.01%             | 2040-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                                                    | City of Lavon, Series 2022                                                                                               | CUSIP: 51946PBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $276038.76    | 0.01%             | 2027-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Triple Creek Community Development District                                                                         | Triple Creek Community Development District, Series 2021                                                                 | CUSIP: 89677RBE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $850174.20    | 0.02%             | 2041-11-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Kindred Community Development District II                                                                           | Kindred Community Development District II, Series 2021                                                                   | CUSIP: 494581AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91394.01     | 0.00%             | 2026-05-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                                                 | City of Crandall, Series 2022                                                                                            | CUSIP: 224384AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5087773.00   | 0.10%             | 2052-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| City of Oak Point TX                                                                                                | City of Oak Point, Series 2021                                                                                           | CUSIP: 67176TAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $131419.57    | 0.00%             | 2031-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Reunion East Community Development District                                                                         | Reunion East Community Development District, Series 2021                                                                 | CUSIP: 761311AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $374466.12    | 0.01%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series XX                                                                          | CUSIP: 74526QWE8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |  23620000 | PA      | $17715000.00  | 0.34%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                                                           | Central Texas Regional Mobility Authority, Series 2010                                                                   | CUSIP: 155498BD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1771095.30   | 0.03%             | 2035-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                           | New Jersey Economic Development Authority, Series 2003                                                                   | CUSIP: 64578CBU4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   8480000 | PA      | $8509670.67   | 0.16%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Justin TX                                                                                                   | City of Justin, Series 2021                                                                                              | CUSIP: 482184AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2812000 | PA      | $2200071.96   | 0.04%             | 2041-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Lakewood Park Community Development District                                                                        | Lakewood Park Community Development District, Series 2021                                                                | CUSIP: 512650AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $250571.17    | 0.00%             | 2041-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Palmdale Elementary School District                                                                                 | Palmdale Elementary School District, Series 2012 A                                                                       | CUSIP: 69671TCV9<br>LEI: 549300YBE1L2RGBY7L18 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1234240.80   | 0.02%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                                                              | City of Minneapolis, Series 2015                                                                                         | CUSIP: 603787AM4<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915778.00    | 0.02%             | 2050-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Southeastern Ohio Port Authority                                                                                    | Southeastern Ohio Port Authority, Series 2015                                                                            | CUSIP: 841895AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1303087.89   | 0.02%             | 2043-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                                                           | River Hall Community Development District, Series 2021 A-2                                                               | CUSIP: 768247AV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $852901.80    | 0.02%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Washington Economic Development Finance Authority                                                                   | Washington Economic Development Finance Authority, Series A                                                              | CUSIP: 939759AQ9<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |  24250000 | PA      | $24053381.00  | 0.46%             | 2047-03-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                                | Colorado Health Facilities Authority, Series 2021 A                                                                      | CUSIP: 19648FTH7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2235000 | PA      | $1795067.29   | 0.03%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leomas Landing Community Development District                                                                       | Leomas Landing Community Development District, Series 2021                                                               | CUSIP: 526400AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $305057.95    | 0.01%             | 2041-05-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Public Authority for Colorado Energy                                                                                | Public Authority for Colorado Energy, Series 2008                                                                        | CUSIP: 744387AC5<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13375376.25  | 0.25%             | 2028-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Dayton TX                                                                                                   | City of Dayton, Series 2022 A                                                                                            | CUSIP: 240094AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $942608.10    | 0.02%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2021                                                                                           | CUSIP: 742400BK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    616000 | PA      | $492755.22    | 0.01%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sandridge Community Development District                                                                            | Sandridge Community Development District, Series 2021 A-1                                                                | CUSIP: 80007LAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $372646.08    | 0.01%             | 2026-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Trevesta Community Development District                                                                             | Trevesta Community Development District, Series 2020                                                                     | CUSIP: 89532FAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $697025.12    | 0.01%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CEQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    866000 | PA      | $630612.80    | 0.01%             | 2042-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Hills Minneola Community Development District                                                                       | Hills of Minneola Community Development District, Series 2020                                                            | CUSIP: 431688AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2217892.43   | 0.04%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lawson Dunes Community Development District                                                                         | Lawson Dunes Community Development District, Series 2022                                                                 | CUSIP: 520719AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244595.03    | 0.00%             | 2027-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2021                                                                                                | CUSIP: 50156CAQ3<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    530000 | PA      | $443118.16    | 0.01%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Hills of Minneola Community Development District                                                                    | Hills of Minneola Community Development District, Series 2021                                                            | CUSIP: 431688AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $209325.73    | 0.00%             | 2031-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Hammock Reserve Community Development District                                                                      | Hammock Reserve Community Development District, Series 2021                                                              | CUSIP: 408348AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $170580.36    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                                                        | Industrial Development Authority of the County of Pima (The), Series 2022 A                                              | CUSIP: 72178AAJ1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5140332.50   | 0.10%             | 2057-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MidCity Improvement District                                                                                        | MidCity Improvement District, Series 2022                                                                                | CUSIP: 59564KAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $505169.22    | 0.01%             | 2032-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                             | District of Columbia, Series 2002                                                                                        | CUSIP: 254842BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 175000000 | PA      | $38218477.50  | 0.73%             | 2046-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series 2015                                                                                  | CUSIP: 45203ACM7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1772808.77   | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Port Community Development District                                                                            | West Port Community Development District, Series 2021                                                                    | CUSIP: 95549GAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $184207.02    | 0.00%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                 | Wisconsin Health & Educational Facilities Authority, Series 2021                                                         | CUSIP: 97712JDR1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    850000 | PA      | $658827.86    | 0.01%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Timber Creek Southwest Community Development District                                                               | Timber Creek Southwest Community Development District, Series 2021                                                       | CUSIP: 88707RAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $361956.08    | 0.01%             | 2026-12-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Chapel Creek Community Development District                                                                         | Chapel Creek Community Development District, Series 2021                                                                 | CUSIP: 15942MAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $867671.55    | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coco Palms Community Development District                                                                           | Coco Palms Community Development District, Series 2019                                                                   | CUSIP: 191653AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $474490.45    | 0.01%             | 2039-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 611                                                           | City of Las Vegas, Series 2020                                                                                           | CUSIP: 51778CAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $166521.57    | 0.00%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                                                    | California Community College Financing Authority, Series 2022 C                                                          | CUSIP: 13012TAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6549890.20   | 0.12%             | 2060-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2014 A                                                    | CUSIP: 13080SEW0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |  10555000 | PA      | $10630460.86  | 0.20%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                    | Lakes of Sarasota Community Development District, Series 2021 B-2                                                        | CUSIP: 51206YAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926163.00    | 0.02%             | 2031-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2022                                                                                                | CUSIP: 31189RCJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1617000 | PA      | $1590382.72   | 0.03%             | 2042-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 611                                                           | City of Las Vegas, Series 2020                                                                                           | CUSIP: 51778CAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $170459.63    | 0.00%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cornerstar Metropolitan District                                                                                    | Cornerstar Metropolitan District, Series A                                                                               | CUSIP: 21923JAC2<br>LEI: 549300E33QX68QTOF873 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1926331.40   | 0.04%             | 2037-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Palm Coast Park Community Development District                                                                      | Palm Coast Park Community Development District, Series 2021                                                              | CUSIP: 69661TAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $521347.97    | 0.01%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Town of Lakewood Village TX                                                                                         | Town of Lakewood Village, Series 2022                                                                                    | CUSIP: 51270AAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1314643.12   | 0.03%             | 2042-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DW Bayview Community Development District                                                                           | DW Bayview Community Development District, Series 2021                                                                   | CUSIP: 23342SAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $584259.90    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Epperson North Community Development District                                                                       | Epperson North Community Development District, Series 2021                                                               | CUSIP: 29429VAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1029133.70   | 0.02%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Hills of Minneola Community Development District                                                                    | Hills of Minneola Community Development District, Series 2021                                                            | CUSIP: 431688AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91937.17     | 0.00%             | 2026-05-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                                                           | River Hall Community Development District, Series 2021 A-2                                                               | CUSIP: 768247AT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $143723.78    | 0.00%             | 2025-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                                                            | Texas Transportation Commission, Series 2019 A                                                                           | CUSIP: 88283NAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $70003.32     | 0.00%             | 2053-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2020 A                                                                                  | CUSIP: 74441XGW3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $856180.72    | 0.02%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Leander TX                                                                                                  | City of Leander, Series 2020                                                                                             | CUSIP: 521842AT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $457184.20    | 0.01%             | 2032-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                              | Tempe Industrial Development Authority, Series 2017 A                                                                    | CUSIP: 87972MAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4850000 | PA      | $4290942.44   | 0.08%             | 2047-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority                                                                                 | Lancaster County Hospital Authority, Series 2017                                                                         | CUSIP: 514045S46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $936939.00    | 0.02%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency                                                                         | CUSIP: 798111BZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 131900000 | PA      | $120976754.26 | 2.30%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Rowlett TX                                                                                                  | City of Rowlett, Series 2021                                                                                             | CUSIP: 779719AG8<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    820000 | PA      | $670325.48    | 0.01%             | 2041-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                                                     | Chester County Industrial Development Authority, Series 2020                                                             | CUSIP: 16559WAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4245000 | PA      | $3463777.79   | 0.07%             | 2050-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                                                     | Chester County Industrial Development Authority, Series 2018                                                             | CUSIP: 16559WAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941267.50    | 0.02%             | 2048-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                                | County of Jefferson, Series 2013 E                                                                                       | CUSIP: 472682RV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $6013014.00   | 0.11%             | 2035-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                                                        | Mississippi Development Bank, Series 2021                                                                                | CUSIP: 60534XLU8<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    850000 | PA      | $748560.75    | 0.01%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hyde Park Community Development District No. 1                                                                      | Hyde Park Community Development District No. 1, Series 2022                                                              | CUSIP: 448642AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2245587.03   | 0.04%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                    | City of Hutto, Series 2021                                                                                               | CUSIP: 448529AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1038000 | PA      | $799698.76    | 0.02%             | 2041-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Parrish Plantation Community Development District                                                                   | Parrish Plantation Community Development District, Series 2022                                                           | CUSIP: 701830AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $209561.25    | 0.00%             | 2032-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3E5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    872766 | PA      | $876590.64    | 0.02%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Lago Vista TX                                                                                               | City of Lago Vista, Series 2020 A                                                                                        | CUSIP: 507081BA4<br>LEI: 5493004GT2GICXFJPF35 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1875336.40   | 0.04%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                            | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QFA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $510293.78    | 0.01%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Marcos TX                                                                                               | City of San Marcos, Series 2020                                                                                          | CUSIP: 798801AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1264541.20   | 0.02%             | 2040-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                                                                  | Montana Facility Finance Authority, Series 2018 B                                                                        | CUSIP: 612043KY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013264.00   | 0.02%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bridgewater North Community Development District                                                                    | Bridgewater North Community Development District, Series 2022                                                            | CUSIP: 10865PAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2300966.70   | 0.04%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2021                                                                                                | CUSIP: 31189RCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1407308.98   | 0.03%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ave Maria Stewardship Community District                                                                            | Ave Maria Stewardship Community District, Series 2022 A                                                                  | CUSIP: 05355ABQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5020000 | PA      | $4158808.96   | 0.08%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakeshore Villages Master Community Development District                                                            | Lakeshore Villages Master Community Development District, Series 2022                                                    | CUSIP: 512098AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1410630.73   | 0.03%             | 2052-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hills Minneola Community Development District                                                                       | Hills of Minneola Community Development District, Series 2020                                                            | CUSIP: 431688AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5505000 | PA      | $4252482.58   | 0.08%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Little Elm TX                                                                                               | Town of Little Elm, Series 2022                                                                                          | CUSIP: 537098BS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    139000 | PA      | $127677.82    | 0.00%             | 2027-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Meadowlark Metropolitan District                                                                                    | Meadowlark Metropolitan District, Series 2020 A                                                                          | CUSIP: 583213AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $443490.84    | 0.01%             | 2040-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| South Aurora Regional Improvement Authority                                                                         | South Aurora Regional Improvement Authority, Series 2018                                                                 | CUSIP: 83637TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2599611.40   | 0.05%             | 2057-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mirada II Community Development District                                                                            | Mirada II Community Development District, Series 2022                                                                    | CUSIP: 60463WAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $360737.93    | 0.01%             | 2032-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                              | M-S-R Energy Authority, Series 2009 B                                                                                    | CUSIP: 55374SAE0<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $24748276.00  | 0.47%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| River Landing Community Development District                                                                        | River Landing Community Development District, Series 2020 A                                                              | CUSIP: 76828JAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $902766.81    | 0.02%             | 2051-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Celebration Community Development District                                                                          | Celebration Community Development District, Series 2021                                                                  | CUSIP: 151001EE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $424078.02    | 0.01%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority                                                                                 | Travis County Development Authority, Series 2022                                                                         | CUSIP: 89441AAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    302000 | PA      | $298040.66    | 0.01%             | 2032-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                                | County of Jefferson, Series 2013 F                                                                                       | CUSIP: 472682RZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  75000000 | PA      | $76467727.50  | 1.45%             | 2039-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palmdale Elementary School District                                                                                 | Palmdale Elementary School District, Series 2012 A                                                                       | CUSIP: 69671TDA4<br>LEI: 549300YBE1L2RGBY7L18 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2463591.50   | 0.05%             | 2034-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2022 C                                                                                         | CUSIP: 452153EL9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6652641.25   | 0.13%             | 2040-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Windward Community Development District                                                                             | Windward Community Development District, Series 2020 A-1                                                                 | CUSIP: 97382FAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $550148.57    | 0.01%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Cordova Palms Community Development District                                                                        | Cordova Palms Community Development District, Series 2022-2                                                              | CUSIP: 21864YAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $339230.31    | 0.01%             | 2032-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| City of Venus TX                                                                                                    | City of Venus, Series 2021                                                                                               | CUSIP: 92334AAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    234000 | PA      | $210310.80    | 0.00%             | 2026-09-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1009000 | PA      | $834452.08    | 0.02%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bannon Lakes Community Development District                                                                         | Bannon Lakes Community Development District, Series 2022                                                                 | CUSIP: 066697AL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $1729689.64   | 0.03%             | 2053-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Flower Mound TX                                                                                             | Town of Flower Mound, Series 2021                                                                                        | CUSIP: 34348RAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $631413.53    | 0.01%             | 2031-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Lower Petroglyphs Public Improvement District                                                                       | Lower Petroglyphs Public Improvement District, Series 2018                                                               | CUSIP: 54844CAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1081728.50   | 0.02%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 612 Skye Hills                                                | City of Las Vegas, Series 2020                                                                                           | CUSIP: 51778WAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $770868.10    | 0.01%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Club Municipal Management District No. 1                                                                            | Club Municipal Management District No. 1, Series 2021                                                                    | CUSIP: 18948PAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1140898.57   | 0.02%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Elmendorf TX                                                                                                | City of Elmendorf, Series 2021                                                                                           | CUSIP: 28938TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    398000 | PA      | $322990.21    | 0.01%             | 2031-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 A                                                                                  | CUSIP: 74443DGM7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $751083.60    | 0.01%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197773.16    | 0.00%             | 2032-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Conestoga Metropolitan District No. 2                                                                               | Conestoga Metropolitan District No. 2, Series 2021 A-3                                                                   | CUSIP: 207020AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1397739.04   | 0.03%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2022                                                                                                | CUSIP: 31189RCK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2508529.50   | 0.05%             | 2052-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Villamar Community Development District                                                                             | Villamar Community Development District, Series 2022                                                                     | CUSIP: 92715KAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $392684.20    | 0.01%             | 2052-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2020                                                                                                | CUSIP: 31189RBX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1772000 | PA      | $1548461.31   | 0.03%             | 2050-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2021 A                                                                       | CUSIP: 13013FAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30500000 | PA      | $22667764.70  | 0.43%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Artisan Lakes East Community Development District                                                                   | Artisan Lakes East Community Development District, Series 2021-2                                                         | CUSIP: 04316FAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $421908.63    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                                                                                 | County of Medina, Series 2021                                                                                            | CUSIP: 584735AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $121778.86    | 0.00%             | 2026-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Artisan Lakes East Community Development District                                                                   | Artisan Lakes East Community Development District, Series 2021-1                                                         | CUSIP: 04316FAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $208483.15    | 0.00%             | 2031-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| City of San Marcos TX                                                                                               | City of San Marcos, Series 2022                                                                                          | CUSIP: 798801AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $389077.39    | 0.01%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                                                                                     | CMFA Special Finance Agency VII, Series 2021 A-1                                                                         | CUSIP: 12574UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1149198.40   | 0.02%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Creekview Community Development District                                                                            | Creekview Community Development District, Series 2022                                                                    | CUSIP: 225514AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $756742.50    | 0.01%             | 2032-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Crystal Cay Community Development District                                                                          | Crystal Cay Community Development District, Series 2021                                                                  | CUSIP: 229092AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $772126.00    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2019                                                                                    | CUSIP: 74444VAN0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1693085.38   | 0.03%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Lincolnwood Il                                                                                           | Village of Lincolnwood, Series 2021 A                                                                                    | CUSIP: 53509AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $2536870.00   | 0.05%             | 2041-01-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon                                                            | Hospital Facilities Authority of Multnomah County Oregon, Series 2014 A                                                  | CUSIP: 62551PCG0<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2932081.80   | 0.06%             | 2044-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Town of Little Elm TX                                                                                               | Town of Little Elm, Series 2022                                                                                          | CUSIP: 537098BY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2794551.03   | 0.05%             | 2052-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2022 B                                                                     | CUSIP: 126292CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15935000 | PA      | $13151514.04  | 0.25%             | 2059-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2018                                                            | CUSIP: 130536RG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $3486712.06   | 0.07%             | 2040-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Windward Community Development District                                                                             | Windward Community Development District, Series 2020 A-2                                                                 | CUSIP: 97382FAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1201197.01   | 0.02%             | 2035-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                             | Michigan Strategic Fund, Series 2021                                                                                     | CUSIP: 594698SK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $670159.13    | 0.01%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pine Ridge Plantation Community Development District                                                                | Pine Ridge Plantation Community Development District, Series 2020 A-2                                                    | CUSIP: 722768AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $579599.93    | 0.01%             | 2037-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                                                                      | Puerto Rico Highway & Transportation Authority, Series L                                                                 | CUSIP: 745190UQ9<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | PR        |   9080000 | PA      | $8762716.65   | 0.17%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Horseshoe Bay TX                                                                                            | City of Horseshoe Bay, Series 2020                                                                                       | CUSIP: 44075PAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $364211.28    | 0.01%             | 2033-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2021                                                               | CUSIP: 83005TBC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $212347.82    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2020                                                                                                | CUSIP: 50156CAL4<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    400000 | PA      | $337492.60    | 0.01%             | 2030-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Rolling Hills Community Development District                                                                        | Rolling Hills Community Development District, Series 2022 A-2                                                            | CUSIP: 775658BA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $880264.80    | 0.02%             | 2032-05-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| New Port Tampa Bay Community Development District                                                                   | New Port Tampa Bay Community Development District, Series 2021                                                           | CUSIP: 648149AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1765543.73   | 0.03%             | 2052-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Reunion East Community Development District                                                                         | Reunion East Community Development District, Series 2021                                                                 | CUSIP: 761311AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1096799.66   | 0.02%             | 2041-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                                                 | City of Crandall, Series 2021                                                                                            | CUSIP: 224384AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $859930.30    | 0.02%             | 2041-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Avalon Park West Community Development District                                                                     | Avalon Park West Community Development District, Series 2020                                                             | CUSIP: 05346TAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $191833.73    | 0.00%             | 2030-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pronghorn Valley Metropolitan District                                                                              | Pronghorn Valley Metropolitan District, Series 2021 A                                                                    | CUSIP: 74344YAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $392206.03    | 0.01%             | 2041-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2021                                                               | CUSIP: 83005TBE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $555554.10    | 0.01%             | 2041-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Stillwater Community Development District                                                                           | Stillwater Community Development District, Series 2021                                                                   | CUSIP: 860725AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $981249.85    | 0.02%             | 2041-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Seminole County Industrial Development Authority                                                                    | Seminole County Industrial Development Authority, Series 2021 A                                                          | CUSIP: 816686AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $618145.99    | 0.01%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland Housing Authority                                                                                         | Cleveland Housing Authority, Series 2022 B                                                                               | CUSIP: 18655HAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948839.90    | 0.02%             | 2041-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STC Metropolitan District No. 2                                                                                     | STC Metropolitan District No. 2, Series 2019 A                                                                           | CUSIP: 85780TAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1875585.40   | 0.04%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Nassau Stewardship District                                                                                    | East Nassau Stewardship District, Series 2021                                                                            | CUSIP: 273794AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1172505.81   | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 13                                                                       | Village Community Development District No. 13, Series 2020                                                               | CUSIP: 92708HAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16615000 | PA      | $10990840.78  | 0.21%             | 2051-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Aerotropolis Regional Transportation Authority                                                                      | Aerotropolis Regional Transportation Authority, Series 2019                                                              | CUSIP: 008051AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4681851.35   | 0.09%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sunbridge Stewardship District                                                                                      | Sunbridge Stewardship District, Series 2022                                                                              | CUSIP: 86709HAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948433.30    | 0.02%             | 2042-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Henderson Local Improvement Districts                                                                               | Henderson Local Improvement Districts, Series 2022                                                                       | CUSIP: 425208WE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $536331.00    | 0.01%             | 2045-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Scenic Highway Community Development District                                                                       | Scenic Highway Community Development District, Series 2020                                                               | CUSIP: 806193AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $968450.09    | 0.02%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Morgan Hill Metropolitan District No. 3                                                                             | Morgan Hill Metropolitan District No. 3, Series 2021 B                                                                   | CUSIP: 61740BAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1310439.57   | 0.02%             | 2051-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Anabelle Island Community Development District                                                                      | Anabelle Island Community Development District, Series 2022                                                              | CUSIP: 03235SAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2180085.39   | 0.04%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Belmond Reserve Community Development District                                                                      | Belmond Reserve Community Development District, Series 2020                                                              | CUSIP: 08015TAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $2803773.28   | 0.05%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Coast Park Community Development District                                                                      | Palm Coast Park Community Development District, Series 2021                                                              | CUSIP: 69661TAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $293056.02    | 0.01%             | 2031-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $484143.47    | 0.01%             | 2042-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Villages at Castle Rock Metropolitan District No. 4                                                                 | Villages at Castle Rock Metropolitan District No. 4, Series 1989                                                         | CUSIP: 92714BBA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2850000.00   | 0.05%             | 2031-06-01      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2020                                                        | CUSIP: 05616KBH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $325405.16    | 0.01%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2020 C                                                                                         | CUSIP: 4521527C9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $4818536.10   | 0.09%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                                                                   | Indiana Housing & Community Development Authority, Series 2021 A                                                         | CUSIP: 45506CBA4<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $3818965.33   | 0.07%             | 2041-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Port Community Development District                                                                            | West Port Community Development District, Series 2020                                                                    | CUSIP: 95549GAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $357375.07    | 0.01%             | 2031-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Anabelle Island Community Development District                                                                      | Anabelle Island Community Development District, Series 2022                                                              | CUSIP: 03235SAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $633159.00    | 0.01%             | 2032-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2020                                                                         | CUSIP: 13057KAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4015000 | PA      | $3163932.82   | 0.06%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A-2                                                                              | CUSIP: 14054CEM7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    975000 | PA      | $680452.01    | 0.01%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2020                                                                                          | CUSIP: 780870AT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $200091.04    | 0.00%             | 2030-09-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2022                                                                                          | CUSIP: 59785RAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $599888.94    | 0.01%             | 2032-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Balm Grove Community Development District                                                                           | Balm Grove Community Development District, Series 2022                                                                   | CUSIP: 05874FAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2040643.50   | 0.04%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hunters Overlook Metropolitan District No. 5                                                                        | Hunters Overlook Metropolitan District No. 5, Series 2019 A                                                              | CUSIP: 445788AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $704028.45    | 0.01%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Timber Creek Southwest Community Development District                                                               | Timber Creek Southwest Community Development District, Series 2021                                                       | CUSIP: 88707RAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $631115.63    | 0.01%             | 2031-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 22C                                                                                               | CUSIP: 13136CAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2610000 | PA      | $2610000.00   | 0.05%             | 2022-12-30      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019                       | CUSIP: 54628CHV7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1646241.43   | 0.03%             | 2038-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2020                                                                                              | CUSIP: 15114CCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $202434.75    | 0.00%             | 2040-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sawyers Landing Community Development District                                                                      | Sawyers Landing Community Development District, Series 2021                                                              | CUSIP: 805517AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1264938.36   | 0.02%             | 2031-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Forest Lake Community Development District                                                                          | Forest Lake Community Development District, Series 2022                                                                  | CUSIP: 34585PAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $172284.77    | 0.00%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2020                                                        | CUSIP: 05616KBE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1185072.75   | 0.02%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Sachse TX                                                                                                   | City of Sachse, Series 2020                                                                                              | CUSIP: 785756AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2122399.14   | 0.04%             | 2050-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4026000 | PA      | $3917517.01   | 0.07%             | 2048-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southern Groves Community Development District No. 5                                                                | Southern Groves Community Development District No. 5, Series 2021                                                        | CUSIP: 843021AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $312850.22    | 0.01%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2018                       | CUSIP: 54628CGB2<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2186684.70   | 0.04%             | 2038-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Parrish Plantation Community Development District                                                                   | Parrish Plantation Community Development District, Series 2021                                                           | CUSIP: 701830AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1051404.17   | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                    | Lakes of Sarasota Community Development District, Series 2021 B-1                                                        | CUSIP: 51206YAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $169710.46    | 0.00%             | 2041-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                                                    | Tahoe-Douglas Visitors Authority, Series 2020                                                                            | CUSIP: 873816AT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7077822.65   | 0.13%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coddington Community Development District                                                                           | Coddington Community Development District, Series 2022                                                                   | CUSIP: 19189EAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006739.00   | 0.02%             | 2052-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Brookstone Community Development District                                                                           | Brookstone Community Development District, Series 2022                                                                   | CUSIP: 114534AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987152.40    | 0.02%             | 2042-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County (The)                                                                          | Development Authority of Cobb County (The), Series 2019 A                                                                | CUSIP: 190806ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10760000 | PA      | $8788641.03   | 0.17%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospital Facilities Authority of Multnomah County Oregon                                                            | Hospital Facilities Authority of Multnomah County Oregon, Series 2014 A                                                  | CUSIP: 62551PCH8<br>LEI: 549300GAP0JIG7V33754 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5386258.35   | 0.10%             | 2049-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                               | Villages of Glen Creek Community Development District, Series 2022 A                                                     | CUSIP: 92716AAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1182890.75   | 0.02%             | 2053-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Stellar North Community Development District                                                                        | Stellar North Community Development District, Series 2021                                                                | CUSIP: 85857KAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $156688.93    | 0.00%             | 2026-05-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Cordova Palms Community Development District                                                                        | Cordova Palms Community Development District, Series 2022-2                                                              | CUSIP: 21864YAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $212705.78    | 0.00%             | 2027-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| West Port Community Development District                                                                            | West Port Community Development District, Series 2020                                                                    | CUSIP: 95549GAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1184578.38   | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Authority for Colorado Energy                                                                                | Public Authority for Colorado Energy, Series 2008                                                                        | CUSIP: 744387AB7<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |    585000 | PA      | $598457.52    | 0.01%             | 2023-11-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2020 A-1                                                                                | CUSIP: 74441XGY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1595102.80   | 0.03%             | 2050-12-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS                                                                                                | City of Manhattan, Series 2021 A                                                                                         | CUSIP: 563017EA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $841430.20    | 0.02%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                  | Tobacco Settlement Financing Corp., Series 2018 B                                                                        | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $24194525.00  | 0.46%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2019 A-1                                                    | CUSIP: 64542PEV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $105065.64    | 0.00%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chapel Crossings Community Development District                                                                     | Chapel Crossings Community Development District, Series 2020                                                             | CUSIP: 15942YAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $613602.78    | 0.01%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Windward Community Development District                                                                             | Windward Community Development District, Series 2020 A-1                                                                 | CUSIP: 97382FAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $417370.93    | 0.01%             | 2051-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                                                            | River Islands Public Financing Authority, Series 2021                                                                    | CUSIP: 76827QEW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $478410.43    | 0.01%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                                | County of Jefferson, Series 2013 E                                                                                       | CUSIP: 472682RR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24845000 | PA      | $13796629.74  | 0.26%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Avenir Community Development District                                                                               | Avenir Community Development District, Series 2021 A-1                                                                   | CUSIP: 05357JAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3535539.00   | 0.07%             | 2052-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                                                            | Arizona Industrial Development Authority, Series 2019 B                                                                  | CUSIP: 04052TBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3005000 | PA      | $1694185.64   | 0.03%             | 2054-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Sachse TX                                                                                                   | City of Sachse, Series 2020                                                                                              | CUSIP: 785756AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $850174.39    | 0.02%             | 2040-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series 2022 A                                                                                | CUSIP: 45204FSQ9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3078505.20   | 0.06%             | 2058-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tamarindo Community Development District                                                                            | Tamarindo Community Development District, Series 2021                                                                    | CUSIP: 875056AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $527576.16    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kingman Gate Community Development District                                                                         | Kingman Gate Community Development District, Series 2020                                                                 | CUSIP: 495742AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $658954.68    | 0.01%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Seminole County Industrial Development Authority                                                                    | Seminole County Industrial Development Authority, Series 2021 A                                                          | CUSIP: 816686AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $506276.93    | 0.01%             | 2056-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Silver Palms West Community Development District                                                                    | Silver Palms West Community Development District, Series 2022                                                            | CUSIP: 82807YAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $369907.99    | 0.01%             | 2027-06-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Bradburn Metropolitan District No. 2                                                                                | Bradburn Metropolitan District No. 2, Series 2018 A                                                                      | CUSIP: 103844AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $573966.48    | 0.01%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Red River Health Facilities Development Corp.                                                                       | Red River Health Facilities Development Corp., Series 2012                                                               | CUSIP: 75687RAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $6710000.00   | 0.13%             | 2042-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Ave Maria Stewardship Community District                                                                            | Ave Maria Stewardship Community District, Series 2022                                                                    | CUSIP: 05355ABM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2024850.70   | 0.04%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern Mariana Island Ports Authority                                                                             | Northern Mariana Island Ports Authority, Series 1998 A                                                                   | CUSIP: 66537RAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | MP        |   7960000 | PA      | $7646067.95   | 0.15%             | 2028-03-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2020 B                                                                                         | CUSIP: 4521526Y2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1899944.20   | 0.04%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    393000 | PA      | $366012.85    | 0.01%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| City of Marble Falls TX                                                                                             | City of Marble Falls, Series 2021                                                                                        | CUSIP: 566035AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $558360.22    | 0.01%             | 2051-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp.                                                             | Buffalo & Erie County Industrial Land Development Corp., Series 2020 A                                                   | CUSIP: 11943KEB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1833836.00   | 0.03%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                                                          | Chicago Board of Education, Series 2022 B                                                                                | CUSIP: 167505YK6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2167277.75   | 0.04%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                              | Tempe Industrial Development Authority, Series 2017 A                                                                    | CUSIP: 87972MAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1737639.68   | 0.03%             | 2037-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Old Hickory Community Development District                                                                          | Old Hickory Community Development District, Series 2020                                                                  | CUSIP: 679792AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1116887.07   | 0.02%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Park Community Development District                                                                        | Lakewood Park Community Development District, Series 2021                                                                | CUSIP: 512650AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $383141.50    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Silver Palms West Community Development District                                                                    | Silver Palms West Community Development District, Series 2022                                                            | CUSIP: 82807YAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1335098.28   | 0.03%             | 2042-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Windward Community Development District                                                                             | Windward Community Development District, Series 2020 A-1                                                                 | CUSIP: 97382FAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $23953.96     | 0.00%             | 2025-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sawyers Landing Community Development District                                                                      | Sawyers Landing Community Development District, Series 2021                                                              | CUSIP: 805517AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6015000 | PA      | $4812944.96   | 0.09%             | 2053-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CEV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $5534112.50   | 0.11%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Port Community Development District                                                                            | West Port Community Development District, Series 2022                                                                    | CUSIP: 95549GAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $340915.72    | 0.01%             | 2042-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                                                           | River Hall Community Development District, Series 2021 A-2                                                               | CUSIP: 768247AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $768587.20    | 0.01%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Club Municipal Management District No. 1                                                                            | Club Municipal Management District No. 1, Series 2021                                                                    | CUSIP: 18948PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    271000 | PA      | $225230.67    | 0.00%             | 2031-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Forest Lake Community Development District                                                                          | Forest Lake Community Development District, Series 2020                                                                  | CUSIP: 34585PAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1070960.39   | 0.02%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                                                                 | Louisville/Jefferson County Metropolitan Government                                                                      | CUSIP: 546594AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19650000 | PA      | $12559991.15  | 0.24%             | 2052-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 A                                                                                  | CUSIP: 74443DGN5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2845718.00   | 0.05%             | 2051-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DG Farms Community Development District                                                                             | DG Farms Community Development District, Series 2020                                                                     | CUSIP: 23290TAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $177186.82    | 0.00%             | 2030-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District                                                                     | North AR-1 Pasco Community Development District, Series 2021 A                                                           | CUSIP: 65725AAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $746351.54    | 0.01%             | 2041-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2022                                                                                                | CUSIP: 31189RCE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1204000 | PA      | $1061229.68   | 0.02%             | 2042-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                              | Tempe Industrial Development Authority, Series 2017 A                                                                    | CUSIP: 87972MAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2441475.96   | 0.05%             | 2052-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2014                                                        | CUSIP: 64542UAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $828498.00    | 0.02%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sandmine Road Community Development District                                                                        | Sandmine Road Community Development District, Series 2020                                                                | CUSIP: 800063AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $1506271.78   | 0.03%             | 2050-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                                                       | North Texas Tollway Authority, Series 2011 C                                                                             | CUSIP: 66285WHG4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $13004756.00  | 0.25%             | 2045-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2021                                                                                           | CUSIP: 742400BE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $246496.41    | 0.00%             | 2041-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico                                                                                              | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |         1 | PA      | $0.46         | 0.00%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Veranda Community Development District II                                                                           | Veranda Community Development District II, Series 2021                                                                   | CUSIP: 92338HAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $288055.35    | 0.01%             | 2041-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2020                                                                                                | CUSIP: 31189RBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    691000 | PA      | $557964.33    | 0.01%             | 2040-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| East Bonita Beach Road Community Development District                                                               | East Bonita Beach Road Community Development District, Series 2021                                                       | CUSIP: 271124AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $553296.23    | 0.01%             | 2041-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Ridge at Apopka Community Development District                                                                      | Ridge at Apopka Community Development District, Series 2022                                                              | CUSIP: 76571AAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $826723.43    | 0.02%             | 2042-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                                                           | River Hall Community Development District, Series 2021 A-2                                                               | CUSIP: 768247AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $148991.58    | 0.00%             | 2023-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                                                                                     | CMFA Special Finance Agency VII, Series 2021 A-2                                                                         | CUSIP: 12574UAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  34170000 | PA      | $25146430.82  | 0.48%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Two Rivers North Community Development District                                                                     | Two Rivers North Community Development District, Series 2022                                                             | CUSIP: 90207GAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $370827.45    | 0.01%             | 2032-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Timber Creek Southwest Community Development District                                                               | Timber Creek Southwest Community Development District, Series 2021                                                       | CUSIP: 88707RAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $1606300.14   | 0.03%             | 2041-12-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority                                                                   | Charlotte County Industrial Development Authority, Series 2021 B                                                         | CUSIP: 16080TAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2140824.75   | 0.04%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                           | New Jersey Economic Development Authority, Series AAA                                                                    | CUSIP: 64577BTL8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4550000 | PA      | $4635957.69   | 0.09%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                                     | Foothill-Eastern Transportation Corridor Agency, Series 2013 A                                                           | CUSIP: 345105HH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10712009.00  | 0.20%             | 2030-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Powerline Road Community Development District                                                                 | North Powerline Road Community Development District, Series 2022                                                         | CUSIP: 66173PAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1911445.60   | 0.04%             | 2052-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                           | New York Transportation Development Corp., Series 2020                                                                   | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10380000 | PA      | $10628288.56  | 0.20%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Henderson Local Improvement Districts                                                                               | Henderson Local Improvement Districts, Series 2022                                                                       | CUSIP: 425208WD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $235028.30    | 0.00%             | 2036-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North River Ranch Community Development District                                                                    | North River Ranch Community Development District, Series 2020 A-1                                                        | CUSIP: 662008AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1581324.28   | 0.03%             | 2051-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Stillwater Community Development District                                                                           | Stillwater Community Development District, Series 2021                                                                   | CUSIP: 860725AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $275006.61    | 0.01%             | 2026-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 816                                                           | City of Las Vegas, Series 2021                                                                                           | CUSIP: 51779AAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $414285.82    | 0.01%             | 2033-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Edgewater East Community Development District                                                                       | Edgewater East Community Development District, Series 2022                                                               | CUSIP: 280286AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6200000 | PA      | $4768716.98   | 0.09%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2020                                                                         | CUSIP: 51265KEL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $388218.07    | 0.01%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| GDB Debt Recovery Authority of Puerto Rico                                                                          | GDB Debt Recovery Authority of Puerto Rico                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | MUN               | PR        |  41597885 | PA      | $34838228.69  | 0.66%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                                                                 | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series 2020 A                                                       | CUSIP: 745160SJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  15000000 | PA      | $14401935.00  | 0.27%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Creek Community Development District                                                                          | Black Creek Community Development District, Series 2022                                                                  | CUSIP: 09186FAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1994230.20   | 0.04%             | 2052-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                                                        | Industrial Development Authority of the County of Pima (The), Series 2022                                                | CUSIP: 72177MUR6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $5876927.20   | 0.11%             | 2057-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Magnolia Park Community Development District                                                                        | Magnolia Park Community Development District, Series 2020                                                                | CUSIP: 559671AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    688000 | PA      | $595063.10    | 0.01%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2020                                                                                          | CUSIP: 780870AV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $605175.00    | 0.01%             | 2050-09-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 1                                                                           | CUSIP: 74526QD66<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   6000000 | PA      | $4680000.00   | 0.09%             | 2021-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Stellar North Community Development District                                                                        | Stellar North Community Development District, Series 2021                                                                | CUSIP: 85857KAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $1707989.43   | 0.03%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Marcos TX                                                                                               | City of San Marcos, Series 2022                                                                                          | CUSIP: 798801AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1221000 | PA      | $1035713.13   | 0.02%             | 2042-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Union Park East Community Development District                                                                      | Union Park East Community Development District, Series 2021                                                              | CUSIP: 907874AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $231550.01    | 0.00%             | 2041-05-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Meadow View at Twin Creeks Community Development District                                                           | Meadow View at Twin Creeks Community Development District, Series 2021                                                   | CUSIP: 583188AY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $575419.02    | 0.01%             | 2041-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Town of Little Elm TX                                                                                               | Town of Little Elm, Series 2022                                                                                          | CUSIP: 537098BV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    509000 | PA      | $396826.07    | 0.01%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Crestview II Community Development District                                                                         | Crestview II Community Development District, Series 2020                                                                 | CUSIP: 226321AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $236247.15    | 0.00%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                                                    | City of Lavon, Series 2022                                                                                               | CUSIP: 51946PBS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $405245.61    | 0.01%             | 2032-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Summer Woods Community Development District                                                                         | Summer Woods Community Development District, Series 2021                                                                 | CUSIP: 865657AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $318517.68    | 0.01%             | 2041-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Town of Flower Mound TX                                                                                             | Town of Flower Mound, Series 2021                                                                                        | CUSIP: 34348RAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $611644.43    | 0.01%             | 2026-09-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                                                         | Connecticut State Health & Educational Facilities Authority, Series 2020 A                                               | CUSIP: 20775DHJ4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2547015.80   | 0.05%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                              | Tempe Industrial Development Authority, Series 2019                                                                      | CUSIP: 87972MBE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6651897.60   | 0.13%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinellas County Industrial Development Authority                                                                    | Pinellas County Industrial Development Authority, Series 2019                                                            | CUSIP: 72316VAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $811748.56    | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avalon Park West Community Development District                                                                     | Avalon Park West Community Development District, Series 2022                                                             | CUSIP: 05346TAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $881046.08    | 0.02%             | 2052-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Epperson North Community Development District                                                                       | Epperson North Community Development District, Series 2021 A                                                             | CUSIP: 29429VAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2720000 | PA      | $2073761.18   | 0.04%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colliers Hill Metropolitan District No. 2                                                                           | Colliers Hill Metropolitan District No. 2, Series 2022 B-1                                                               | CUSIP: 194689AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1834507.58   | 0.03%             | 2047-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 B                                                                     | CUSIP: 126292AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $5113645.50   | 0.10%             | 2057-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Celebration Community Development District                                                                          | Celebration Community Development District, Series 2021                                                                  | CUSIP: 151001EF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $656075.31    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series XX                                                                          | CUSIP: 74526QVX7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |  10895000 | PA      | $8089537.50   | 0.15%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Monongalia County Commission Excise Tax District                                                                    | Monongalia County Commission Excise Tax District, Series 2021 B                                                          | CUSIP: 61022CAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1423169.89   | 0.03%             | 2043-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| East 547 Community Development District                                                                             | East 547 Community Development District, Series 2021                                                                     | CUSIP: 27042KAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $120022.68    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Stellar North Community Development District                                                                        | Stellar North Community Development District, Series 2021                                                                | CUSIP: 85857KAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $213225.45    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Stoneybrook South Community Development District                                                                    | Stoneybrook South Community Development District, Series 2020                                                            | CUSIP: 86202RAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $429960.00    | 0.01%             | 2030-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Waterfront at Foster Lake Metropolitan District No. 2                                                               | Waterfront at Foster Lake Metropolitan District No. 2, Series 2022 A(3)-1                                                | CUSIP: 941564AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3705000 | PA      | $3189073.19   | 0.06%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                                                         | Connecticut State Health & Educational Facilities Authority, Series 2016 A                                               | CUSIP: 20774YJ32<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $905818.20    | 0.02%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1303000 | PA      | $1260860.72   | 0.02%             | 2052-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Mclendon-Chisholm TX                                                                                        | City of Mclendon-Chisholm, Series 2022                                                                                   | CUSIP: 582153BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246708.03    | 0.00%             | 2032-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Storey Creek Community Development District                                                                         | Storey Creek Community Development District, Series 2022                                                                 | CUSIP: 86216CAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $601703.02    | 0.01%             | 2042-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2020                                                                         | CUSIP: 51265KEG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $219151.45    | 0.00%             | 2030-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                         | Washington State Housing Finance Commission, Series 2019                                                                 | CUSIP: 939783ZE9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   9020000 | PA      | $6530987.83   | 0.12%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Somerset Community Development District                                                                             | Somerset Community Development District, Series 2022                                                                     | CUSIP: 834629AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $698239.43    | 0.01%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                                                         | Military Installation Development Authority, Series 2021 A-2                                                             | CUSIP: 599772AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21745000 | PA      | $15787622.38  | 0.30%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2019 A                                                                                  | CUSIP: 74442PMT9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5220000 | PA      | $5009186.12   | 0.10%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Landing Community Development District                                                                        | River Landing Community Development District, Series 2020 A                                                              | CUSIP: 76828JAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $730351.03    | 0.01%             | 2040-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority                                                                     | Silicon Valley Tobacco Securitization Authority, Series 2007 A                                                           | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $7095960.00   | 0.14%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021                                                                                    | CUSIP: 74442PVE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    185000 | PA      | $164997.37    | 0.00%             | 2031-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rivers Edge II Community Development District                                                                       | Rivers Edge II Community Development District, Series 2021                                                               | CUSIP: 76882LAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $703025.87    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 816                                                           | City of Las Vegas, Series 2021                                                                                           | CUSIP: 51779AAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $915589.72    | 0.02%             | 2051-06-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Town of Ponder TX                                                                                                   | Town of Ponder, Series 2017                                                                                              | CUSIP: 732403AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $477724.00    | 0.01%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sandmine Road Community Development District                                                                        | Sandmine Road Community Development District, Series 2020                                                                | CUSIP: 800063AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $263490.93    | 0.01%             | 2030-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2019 A                                                                         | CUSIP: 34061YAD2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3601251.60   | 0.07%             | 2049-01-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Grove Resort Community Development District                                                                         | Grove Resort Community Development District, Series 2022                                                                 | CUSIP: 399618AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $490872.90    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Summerstone Community Development District                                                                          | Summerstone Community Development District, Series 2020                                                                  | CUSIP: 865711AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $564509.33    | 0.01%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Cordova Palms Community Development District                                                                        | Cordova Palms Community Development District, Series 2021                                                                | CUSIP: 21864YAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1495500.58   | 0.03%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Oak Point TX                                                                                                | City of Oak Point, Series 2020                                                                                           | CUSIP: 67176TAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $845211.67    | 0.02%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rustic Oaks Community Development District                                                                          | Rustic Oaks Community Development District, Series 2022                                                                  | CUSIP: 783089AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $851576.10    | 0.02%             | 2032-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Clear Creek Transit Metropolitan District No. 2                                                                     | Clear Creek Transit Metropolitan District No. 2, Series 2021 A                                                           | CUSIP: 184542AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $848066.40    | 0.02%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2013 A                                                                      | CUSIP: 74526QA51<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   5000000 | PA      | $3787500.00   | 0.07%             | 2043-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Osceola Village Center Community Development District                                                               | Osceola Village Center Community Development District, Series 2021                                                       | CUSIP: 688100AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $312267.15    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                              | M-S-R Energy Authority, Series 2009 B                                                                                    | CUSIP: 55374SAD2<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |  27160000 | PA      | $30102087.99  | 0.57%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                                                        | Mississippi Development Bank, Series 2021                                                                                | CUSIP: 60534XLV6<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2475528.00   | 0.05%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Creekview Community Development District                                                                            | Creekview Community Development District, Series 2022                                                                    | CUSIP: 225514AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4145000 | PA      | $3578999.84   | 0.07%             | 2053-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2020 C                                                                                         | CUSIP: 4521527D7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2310182.01   | 0.04%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Plano TX                                                                                                    | City of Plano, Series 2021                                                                                               | CUSIP: 727220AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $6217101.15   | 0.12%             | 2051-09-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RRC Metropolitan District No. 2                                                                                     | RRC Metropolitan District No. 2, Series 2021                                                                             | CUSIP: 78110PAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5625000 | PA      | $4611582.56   | 0.09%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No. 5                                                                           | Rampart Range Metropolitan District No. 5, Series 2021                                                                   | CUSIP: 75157WAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1022063.63   | 0.02%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 611                                                           | City of Las Vegas, Series 2020                                                                                           | CUSIP: 51778CAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $168364.71    | 0.00%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                                                          | Southern California Public Power Authority, Series 2007 A                                                                | CUSIP: 842471AV6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   9855000 | PA      | $10493711.42  | 0.20%             | 2027-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kindred Community Development District II                                                                           | Kindred Community Development District II, Series 2021                                                                   | CUSIP: 494581AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $195182.12    | 0.00%             | 2031-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Allison Valley Metropolitan District No. 1                                                                          | Allison Valley Metropolitan District No. 1, Series 2020                                                                  | CUSIP: 01973LAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $4355228.33   | 0.08%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2020                                                                                          | CUSIP: 780870BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $402348.51    | 0.01%             | 2030-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                                                    | City of Lavon, Series 2022                                                                                               | CUSIP: 51946PBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2259000 | PA      | $1865270.31   | 0.04%             | 2042-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Middleton Community Development District A                                                                          | Middleton Community Development District A, Series 2022                                                                  | CUSIP: 596681AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2276465.85   | 0.04%             | 2053-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                 | Wisconsin Health & Educational Facilities Authority, Series 2018 C                                                       | CUSIP: 97671VBM6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    300000 | PA      | $211778.49    | 0.00%             | 2033-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Palm Coast Park Community Development District                                                                      | Palm Coast Park Community Development District, Series 2022                                                              | CUSIP: 69661TAN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1423667.10   | 0.03%             | 2051-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Town of Little Elm TX                                                                                               | Town of Little Elm, Series 2022                                                                                          | CUSIP: 537098BT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $173100.61    | 0.00%             | 2032-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 A-2                                                                                | CUSIP: 74439YDZ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2498725.80   | 0.05%             | 2040-07-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No. 5                                                                           | Rampart Range Metropolitan District No. 5, Series 2021                                                                   | CUSIP: 75157WAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2051362.95   | 0.04%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Transportation Infrastructure Authority                                                             | Kentucky Public Transportation Infrastructure Authority, Series 2013 C                                                   | CUSIP: 491397AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5517682.50   | 0.10%             | 2043-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                                                     | California County Tobacco Securitization Agency, Series 2002                                                             | CUSIP: 13016NBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1824645.68   | 0.03%             | 2035-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| City of New Braunfels TX                                                                                            | City of New Braunfels, Series 2021                                                                                       | CUSIP: 642573AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $204166.56    | 0.00%             | 2026-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Shingle Creek at Bronson Community Development District                                                             | Shingle Creek at Bronson Community Development District, Series 2021                                                     | CUSIP: 82459NAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $775230.40    | 0.01%             | 2041-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota                                                  | Housing & Redevelopment Authority of The City of St. Paul Minnesota, Series 2021 A                                       | CUSIP: 792908DE2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    350000 | PA      | $288521.45    | 0.01%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westside Haines City Community Development District                                                                 | Westside Haines City Community Development District, Series 2021                                                         | CUSIP: 96150AAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $765523.90    | 0.01%             | 2041-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                                                               | City of Valparaiso, Series 2021                                                                                          | CUSIP: 920286AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $2886701.05   | 0.05%             | 2041-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Palm Coast Park Community Development District                                                                      | Palm Coast Park Community Development District, Series 2022                                                              | CUSIP: 69661TAM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959170.90    | 0.02%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                                                           | City of Houston Airport System, Series 2021 A                                                                            | CUSIP: 442349FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15990000 | PA      | $13441774.44  | 0.26%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Belmont II Community Development District                                                                           | Belmont II Community Development District, Series 2020                                                                   | CUSIP: 080382AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $282119.79    | 0.01%             | 2030-12-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Buena Lago Community Development District                                                                           | Buena Lago Community Development District, Series 2022                                                                   | CUSIP: 119126AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $660966.31    | 0.01%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Balm Grove Community Development District                                                                           | Balm Grove Community Development District, Series 2022                                                                   | CUSIP: 05874FAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $962609.75    | 0.02%             | 2027-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 B                                                                     | CUSIP: 126292CG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19800000 | PA      | $12480478.56  | 0.24%             | 2059-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Nassau Stewardship District                                                                                    | East Nassau Stewardship District, Series 2021                                                                            | CUSIP: 273794AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $426450.90    | 0.01%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wild Plum Metropolitan District                                                                                     | Wild Plum Metropolitan District, Series 2019 A                                                                           | CUSIP: 96809GAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $628268.59    | 0.01%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saddle Creek Preserve of Polk County Community Development District                                                 | Saddle Creek Preserve of Polk County Community Development District, Series 2022                                         | CUSIP: 786230AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $250100.61    | 0.00%             | 2032-12-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Sanctuary Cove Community Development District                                                                       | Sanctuary Cove Community Development District, Series 2021                                                               | CUSIP: 79971TAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $156846.29    | 0.00%             | 2031-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Leomas Landing Community Development District                                                                       | Leomas Landing Community Development District, Series 2021                                                               | CUSIP: 526400AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $202432.49    | 0.00%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Grande Pines Community Development District                                                                         | Grande Pines Community Development District, Series 2021                                                                 | CUSIP: 38656NAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $578272.50    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency XII                                                                                     | CMFA Special Finance Agency XII, Series 2022 A-2                                                                         | CUSIP: 12574XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $12501840.80  | 0.24%             | 2049-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MidCity Improvement District                                                                                        | MidCity Improvement District, Series 2022                                                                                | CUSIP: 59564KAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $960583.50    | 0.02%             | 2049-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| North River Ranch Community Development District                                                                    | North River Ranch Community Development District, Series 2020 A-3                                                        | CUSIP: 662008AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1812778.20   | 0.03%             | 2040-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Baldwin County Hospital Authority                                                                                   | Baldwin County Hospital Authority, Series 1998                                                                           | CUSIP: 058024AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $14.70        | 0.00%             | 2028-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series A                                                           | CUSIP: 64542RDJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30000000 | PA      | $25500000.00  | 0.49%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Summer Woods Community Development District                                                                         | Summer Woods Community Development District, Series 2021                                                                 | CUSIP: 865657AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $140728.80    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2017 A                                                                       | CUSIP: 13058BAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2101541.55   | 0.04%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2020                                                                                          | CUSIP: 780870BC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1451017.73   | 0.03%             | 2050-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                                               | Louisiana Public Facilities Authority, Series 2020 A-1                                                                   | CUSIP: 546399KA3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4269481.20   | 0.08%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $204622.73    | 0.00%             | 2032-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Justin TX                                                                                                   | City of Justin, Series 2021                                                                                              | CUSIP: 482184AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $430250.70    | 0.01%             | 2031-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2021                                                                                          | CUSIP: 59785RAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $209005.58    | 0.00%             | 2031-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 A-2                                                                   | CUSIP: 126292AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6645153.00   | 0.13%             | 2056-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                    | Lakes of Sarasota Community Development District, Series 2021 B-1                                                        | CUSIP: 51206YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $264313.37    | 0.01%             | 2051-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                                                       | State of Ohio, Series 2018                                                                                               | CUSIP: 67756CDL9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4569508.50   | 0.09%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Braunfels TX                                                                                            | City of New Braunfels, Series 2021                                                                                       | CUSIP: 642573AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1454000 | PA      | $1218164.69   | 0.02%             | 2051-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                    | Lakes of Sarasota Community Development District, Series 2021 A-1                                                        | CUSIP: 51206YAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $235111.35    | 0.00%             | 2041-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                       | Main Street Natural Gas, Inc., Series 2007 A                                                                             | CUSIP: 56036YDK8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10796863.00  | 0.21%             | 2028-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2020                                                                                        | CUSIP: 530575AJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1890000 | PA      | $1488394.09   | 0.03%             | 2054-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Stonewater Community Development District                                                                           | Stonewater Community Development District, Series 2021                                                                   | CUSIP: 861886AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $770498.30    | 0.01%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Balm Grove Community Development District                                                                           | Balm Grove Community Development District, Series 2022                                                                   | CUSIP: 05874FAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1124976.23   | 0.02%             | 2032-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Villamar Community Development District                                                                             | Villamar Community Development District, Series 2020                                                                     | CUSIP: 92715KAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $521921.42    | 0.01%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                  | South Carolina Jobs-Economic Development Authority, Series 2022 A-2                                                      | CUSIP: 837031D75<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  25550000 | PA      | $15631679.07  | 0.30%             | 2052-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rivers Edge II Community Development District                                                                       | Rivers Edge II Community Development District, Series 2021                                                               | CUSIP: 76882LAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $174844.87    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Hays TX                                                                                                   | County of Hays, Series 2020                                                                                              | CUSIP: 420894AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $85778.85     | 0.00%             | 2030-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Kirkwood Industrial Development Authority                                                                           | Kirkwood Industrial Development Authority, Series 2017 A                                                                 | CUSIP: 497609BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2889122.25   | 0.05%             | 2050-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wind Meadows South Community Development District                                                                   | Wind Meadows South Community Development District, Series 2021                                                           | CUSIP: 97316TAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1150483.35   | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Haslet TX                                                                                                   | City of Haslet, Series 2021                                                                                              | CUSIP: 418304AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1271000 | PA      | $968630.75    | 0.02%             | 2041-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A-1                                                                              | CUSIP: 14052WDN4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4451536.00   | 0.08%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reunion East Community Development District                                                                         | Reunion East Community Development District, Series 2021                                                                 | CUSIP: 761311AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4535000 | PA      | $3508238.36   | 0.07%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Prairie Center Metropolitan District No. 7                                                                          | Prairie Center Metropolitan District No. 7, Series 2021                                                                  | CUSIP: 739491AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1183235.43   | 0.02%             | 2046-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                                                                                 | Maryland Economic Development Corp., Series 2020                                                                         | CUSIP: 57420VRN5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $436757.65    | 0.01%             | 2050-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LTC Ranch West Residential Community Development District                                                           | LTC Ranch West Residential Community Development District, Series 2021 B                                                 | CUSIP: 50218SAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3479108.00   | 0.07%             | 2031-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Parrish Plantation Community Development District                                                                   | Parrish Plantation Community Development District, Series 2021                                                           | CUSIP: 701830AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $236508.65    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2020                                                               | CUSIP: 83005TAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $448300.77    | 0.01%             | 2031-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                                                             | Tolomato Community Development District, Series 2022 C                                                                   | CUSIP: 889560EP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1270854.90   | 0.02%             | 2032-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Summer Woods Community Development District                                                                         | Summer Woods Community Development District, Series 2021                                                                 | CUSIP: 865657AR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $541138.77    | 0.01%             | 2041-05-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Leomas Landing Community Development District                                                                       | Leomas Landing Community Development District, Series 2021                                                               | CUSIP: 526400AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $588094.17    | 0.01%             | 2041-05-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CEE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $134157.57    | 0.00%             | 2026-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| San Ysidro School District                                                                                          | San Ysidro School District, Series 2015                                                                                  | CUSIP: 799561MA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $4307391.25   | 0.08%             | 2043-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hidden Creek Metropolitan District                                                                                  | Hidden Creek Metropolitan District, Series 2021 A                                                                        | CUSIP: 42951RAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $871466.84    | 0.02%             | 2045-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| City of Georgetown TX                                                                                               | City of Georgetown, Series 2022                                                                                          | CUSIP: 373057AC2<br>LEI: 549300BSO7ULYERIVM97 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $918379.02    | 0.02%             | 2042-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2017                                                                                  | CUSIP: 14054TAJ1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2567284.85   | 0.05%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2022                                                                                        | CUSIP: 530575AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2011278.75   | 0.04%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Astonia Community Development District                                                                              | Astonia Community Development District, Series 2021                                                                      | CUSIP: 04625DAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $185124.94    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority                                                                    | Franklin County Industrial Development Authority, Series 2018                                                            | CUSIP: 353273BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2449879.56   | 0.05%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2021                                                                                           | CUSIP: 742400BF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    431000 | PA      | $344932.19    | 0.01%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rowlett TX                                                                                                  | City of Rowlett, Series 2021                                                                                             | CUSIP: 779719AK9<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    600000 | PA      | $516125.64    | 0.01%             | 2041-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Chapel Crossings Community Development District                                                                     | Chapel Crossings Community Development District, Series 2020                                                             | CUSIP: 15942YAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $350186.50    | 0.01%             | 2025-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Hunters Overlook Metropolitan District No. 5                                                                        | Hunters Overlook Metropolitan District No. 5, Series 2019 A                                                              | CUSIP: 445788AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889316.30    | 0.02%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leomas Landing Community Development District                                                                       | Leomas Landing Community Development District, Series 2021                                                               | CUSIP: 526400AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $406504.12    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New Braunfels TX                                                                                            | City of New Braunfels, Series 2021                                                                                       | CUSIP: 642573AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $289738.94    | 0.01%             | 2031-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Steel Point Infrastructure Improvement District                                                                     | Steel Point Infrastructure Improvement District, Series 2021                                                             | CUSIP: 85814YAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $540618.26    | 0.01%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Live Oak Lake Community Development District                                                                        | Live Oak Lake Community Development District, Series 2020                                                                | CUSIP: 538092AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1424348.16   | 0.03%             | 2040-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2021                                                                                           | CUSIP: 742400BD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    126000 | PA      | $106085.61    | 0.00%             | 2031-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Winrock Town Center Tax Increment Development District No. 1                                                        | Winrock Town Center Tax Increment Development District No. 1, Series 2022                                                | CUSIP: 97535RAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2257544.58   | 0.04%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2020                                                                                           | CUSIP: 742400AW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $381345.55    | 0.01%             | 2040-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Astonia Community Development District                                                                              | Astonia Community Development District, Series 2021                                                                      | CUSIP: 04625DAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $552534.90    | 0.01%             | 2041-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Lake Ashton Community Development District                                                                          | Lake Ashton Community Development District, Series 2015 A-1                                                              | CUSIP: 507507AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2176325.23   | 0.04%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                                                       | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                               | CUSIP: 018444CA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6275000 | PA      | $5829503.87   | 0.11%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                                                   | State of Nevada Department of Business & Industry, Series 2018 A                                                         | CUSIP: 25490LAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1381254.15   | 0.03%             | 2048-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2022                                                                                           | CUSIP: 742400BM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $261050.27    | 0.00%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chaparral Palm Bay Community Development District                                                                   | Chaparral Palm Bay Community Development District, Series 2020 A-1                                                       | CUSIP: 159419AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1567382.06   | 0.03%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                                                         | CMFA Special Finance Agency, Series 2021 A-1                                                                             | CUSIP: 12574WAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1386508.95   | 0.03%             | 2056-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Viridian Municipal Management District                                                                              | Viridian Municipal Management District, Series 2020                                                                      | CUSIP: 92823UAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    486000 | PA      | $368702.83    | 0.01%             | 2040-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2020                                                                                          | CUSIP: 780870AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $345363.53    | 0.01%             | 2040-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Tuckers Pointe Community Development District                                                                       | Tuckers Pointe Community Development District, Series 2022                                                               | CUSIP: 898691AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1150483.35   | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lawson Dunes Community Development District                                                                         | Lawson Dunes Community Development District, Series 2022                                                                 | CUSIP: 520719AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $612732.39    | 0.01%             | 2032-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sawyers Landing Community Development District                                                                      | Sawyers Landing Community Development District, Series 2021                                                              | CUSIP: 805517AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3055000 | PA      | $2590215.36   | 0.05%             | 2041-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Southeastern Ohio Port Authority                                                                                    | Southeastern Ohio Port Authority, Series 2015                                                                            | CUSIP: 841895AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928447.80    | 0.02%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2022                                                                                           | CUSIP: 742400BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    461000 | PA      | $453555.26    | 0.01%             | 2032-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                                                    | City of Manor, Series 2021                                                                                               | CUSIP: 564099AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $204881.33    | 0.00%             | 2031-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Horizon Metropolitan District No. 2                                                                                 | Horizon Metropolitan District No. 2, Series 2021 A                                                                       | CUSIP: 44056CAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1135548.33   | 0.02%             | 2051-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Venus TX                                                                                                    | City of Venus, Series 2021                                                                                               | CUSIP: 92334AAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2024000 | PA      | $1619325.69   | 0.03%             | 2051-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494283.10    | 0.01%             | 2032-09-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Rustic Oaks Community Development District                                                                          | Rustic Oaks Community Development District, Series 2022                                                                  | CUSIP: 783089AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3038928.16   | 0.06%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tuckers Pointe Community Development District                                                                       | Tuckers Pointe Community Development District, Series 2022                                                               | CUSIP: 898691AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3952930.95   | 0.08%             | 2032-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Two Rivers North Community Development District                                                                     | Two Rivers North Community Development District, Series 2022                                                             | CUSIP: 90207GAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1475974.81   | 0.03%             | 2042-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2019 B                                                                         | CUSIP: 34061YAH3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $10700666.40  | 0.20%             | 2049-01-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2020                                                                                           | CUSIP: 742400BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $764123.25    | 0.01%             | 2050-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District                                                                               | V-Dana Community Development District, Series 2020                                                                       | CUSIP: 91822RAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $333439.99    | 0.01%             | 2031-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Conroe Local Government Corp.                                                                                       | Conroe Local Government Corp., Series 2021 B                                                                             | CUSIP: 208419AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $379275.39    | 0.01%             | 2031-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                                                               | City of Fort Worth, Series 2018                                                                                          | CUSIP: 349506AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1843030.70   | 0.04%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brighton Crossing Metropolitan District No. 4                                                                       | Brighton Crossing Metropolitan District No. 4, Series 2017 A                                                             | CUSIP: 109330AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $509900.42    | 0.01%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2020                                                        | CUSIP: 05616KBD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1578247.49   | 0.03%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021                                                                                    | CUSIP: 74441XHB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  13200000 | PA      | $13200000.00  | 0.25%             | 2023-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hills of Minneola Community Development District                                                                    | Hills of Minneola Community Development District, Series 2021                                                            | CUSIP: 431688AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $686070.81    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                 | Wisconsin Health & Educational Facilities Authority, Series 2021                                                         | CUSIP: 97712JDT7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $677176.20    | 0.01%             | 2056-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hays TX                                                                                                   | County of Hays, Series 2020                                                                                              | CUSIP: 420894AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $952316.04    | 0.02%             | 2050-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bannon Lakes Community Development District                                                                         | Bannon Lakes Community Development District, Series 2022                                                                 | CUSIP: 066697AJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $313513.17    | 0.01%             | 2032-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Stoneybrook South Community Development District                                                                    | Stoneybrook South Community Development District, Series 2020                                                            | CUSIP: 86202RAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $764419.70    | 0.01%             | 2040-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2021                                                                                          | CUSIP: 59785RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $888240.44    | 0.02%             | 2041-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Alvord Unified School District                                                                                      | Alvord Unified School District, Series 2011 B                                                                            | CUSIP: 022555UL8<br>LEI: 549300Q9J0UCO75DL276 | Long             | DBT              | MUN               | US        |  30750000 | PA      | $12726038.18  | 0.24%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Parish of Beauregard LA                                                                                             | Parish of Beauregard, Series 2002                                                                                        | CUSIP: 074614AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13990000 | PA      | $14061083.19  | 0.27%             | 2027-02-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Hawkstone Community Development District                                                                            | Hawkstone Community Development District, Series 2021                                                                    | CUSIP: 42034RAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $872112.26    | 0.02%             | 2041-05-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| River Landing Community Development District                                                                        | River Landing Community Development District, Series 2020 A                                                              | CUSIP: 76828JAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $430084.48    | 0.01%             | 2030-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Lakewood Park Community Development District                                                                        | Lakewood Park Community Development District, Series 2021                                                                | CUSIP: 512650AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $108300.24    | 0.00%             | 2031-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Tohoqua Community Development District                                                                              | Tohoqua Community Development District, Series 2021                                                                      | CUSIP: 88907RAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $907784.91    | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Reno NV                                                                                                     | City of Reno, Series 2018 C                                                                                              | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |  16000000 | PA      | $1891416.00   | 0.04%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Powerline Road Community Development District                                                                 | North Powerline Road Community Development District, Series 2020                                                         | CUSIP: 66173PAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1153570.85   | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1                                                                   | North Parkway Municipal Management District No. 1, Series 2021                                                           | CUSIP: 661441AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1421721.30   | 0.03%             | 2031-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LT Ranch Community Development District                                                                             | LT Ranch Community Development District                                                                                  | CUSIP: 54912EAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499960.50    | 0.01%             | 2053-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Kingman Gate Community Development District                                                                         | Kingman Gate Community Development District, Series 2021                                                                 | CUSIP: 495742AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $586405.05    | 0.01%             | 2041-06-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2022                                                                                        | CUSIP: 530575AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $500416.35    | 0.01%             | 2027-09-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota                                                  | Housing & Redevelopment Authority of The City of St. Paul Minnesota, Series 2021 A                                       | CUSIP: 792908DG7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $947747.05    | 0.02%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Avenir Community Development District                                                                               | Avenir Community Development District, Series 2021 A-1                                                                   | CUSIP: 05357JAK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2754674.33   | 0.05%             | 2031-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Mirada II Community Development District                                                                            | Mirada II Community Development District, Series 2021                                                                    | CUSIP: 60463WAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $1825862.95   | 0.03%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Crystal Cay Community Development District                                                                          | Crystal Cay Community Development District, Series 2021                                                                  | CUSIP: 229092AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $166112.44    | 0.00%             | 2031-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                                                    | City of Lavon, Series 2022                                                                                               | CUSIP: 51946PBV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $549907.68    | 0.01%             | 2027-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2019                                                                                    | CUSIP: 74444VAL4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1160576.71   | 0.02%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                                                    | Pennsylvania Turnpike Commission, Series B-2                                                                             | CUSIP: 709224BV0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $17891496.00  | 0.34%             | 2037-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indigo Community Development District                                                                               | Indigo Community Development District, Series 2021                                                                       | CUSIP: 45567RAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1055499.09   | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Viera Stewardship District                                                                                          | Viera Stewardship District, Series 2021                                                                                  | CUSIP: 92670TAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1308033.42   | 0.02%             | 2053-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DW Bayview Community Development District                                                                           | DW Bayview Community Development District, Series 2022                                                                   | CUSIP: 23342SAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476398.90    | 0.01%             | 2042-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2022                                                                                        | CUSIP: 530575AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $245166.79    | 0.00%             | 2032-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Cornerstar Metropolitan District                                                                                    | Cornerstar Metropolitan District, Series A                                                                               | CUSIP: 21923JAD0<br>LEI: 549300E33QX68QTOF873 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $4837276.60   | 0.09%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2022                                                                                           | CUSIP: 742400BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1011000 | PA      | $967937.97    | 0.02%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Avalon Groves Community Development District                                                                        | Avalon Groves Community Development District, Series 2021                                                                | CUSIP: 05344CAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1149732.74   | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District                                                                     | North AR-1 Pasco Community Development District, Series 2021 A                                                           | CUSIP: 65725AAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1147100.10   | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency, Series 1997 A                                                          | CUSIP: 798111DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35834000 | PA      | $44170572.26  | 0.84%             | 2046-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA Special Tax District No. 2020-1                                                   | City & County of San Francisco                                                                                           | CUSIP: 79771HAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3568158.00   | 0.07%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Lago Vista TX                                                                                               | City of Lago Vista, Series 2020 A                                                                                        | CUSIP: 507081BC0<br>LEI: 5493004GT2GICXFJPF35 | Long             | DBT              | MUN               | US        |   2715000 | PA      | $2439416.91   | 0.05%             | 2040-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rhodine Road North Community Development District                                                                   | Rhodine Road North Community Development District, Series 2022                                                           | CUSIP: 762402AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $159001.10    | 0.00%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                               | Villages of Glen Creek Community Development District, Series 2022                                                       | CUSIP: 92716AAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $406314.76    | 0.01%             | 2042-05-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Forest Lake Community Development District                                                                          | Forest Lake Community Development District, Series 2020                                                                  | CUSIP: 34585PAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $899592.06    | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                                                               | City of Fort Worth, Series 2018                                                                                          | CUSIP: 349506AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1167549.57   | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                                                                  | West Villages Improvement District, Series 2021                                                                          | CUSIP: 956454BV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $814935.66    | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                                | Colorado Health Facilities Authority, Series 2021 A                                                                      | CUSIP: 19648FTJ3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $3630264.93   | 0.07%             | 2058-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Towne Park Community Development District                                                                           | Towne Park Community Development District, Series 2020                                                                   | CUSIP: 89215RAY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $771116.50    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                                                                  | West Villages Improvement District, Series 2021                                                                          | CUSIP: 956454BS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $189266.54    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2020                                                                                           | CUSIP: 742400BA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $538320.58    | 0.01%             | 2040-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                                                                 | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series 2021 B                                                       | CUSIP: 745160TF8<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4295000 | PA      | $4312669.20   | 0.08%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boggy Branch Community Development District                                                                         | Boggy Branch Community Development District, Series 2021                                                                 | CUSIP: 09720PAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $881654.53    | 0.02%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Epperson North Community Development District                                                                       | Epperson North Community Development District, Series 2021                                                               | CUSIP: 29429VAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $239141.08    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| West Port Community Development District                                                                            | West Port Community Development District, Series 2022                                                                    | CUSIP: 95549GAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $547626.92    | 0.01%             | 2052-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Astonia Community Development District                                                                              | Astonia Community Development District, Series 2021                                                                      | CUSIP: 04625DAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $552713.03    | 0.01%             | 2041-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 A                                                                                  | CUSIP: 74442EHC7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1882862.78   | 0.04%             | 2051-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2021                                                               | CUSIP: 83005TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $925008.96    | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp.                                                                                | Kalamazoo Economic Development Corp., Series 2021                                                                        | CUSIP: 483228ED0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3015000 | PA      | $2456569.84   | 0.05%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                                | Colorado Health Facilities Authority, Series 2017 A                                                                      | CUSIP: 19648FBX1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6043709.10   | 0.11%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2018                                                        | CUSIP: 64542UEV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12600000 | PA      | $10486599.48  | 0.20%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Grand Canyon University                                                                                             | Grand Canyon University                                                                                                  | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  93710000 | PA      | $87178413.00  | 1.66%             | 2028-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Eden Hills Community Development District                                                                           | Eden Hills Community Development District, Series 2022                                                                   | CUSIP: 279449AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $538552.84    | 0.01%             | 2032-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| City of Sinton TX                                                                                                   | City of Sinton, Series 2022                                                                                              | CUSIP: 829366AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $931498.20    | 0.02%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2016 B-4                                                                    | CUSIP: 74526QC59<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   5500000 | PA      | $4290000.00   | 0.08%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                                                 | City of Crandall, Series 2022                                                                                            | CUSIP: 224384AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1798935.08   | 0.03%             | 2052-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Town of Lakewood Village TX                                                                                         | Town of Lakewood Village, Series 2022                                                                                    | CUSIP: 51270AAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $427449.60    | 0.01%             | 2032-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2021                                                        | CUSIP: 05616KBN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1461169.29   | 0.03%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                                                    | Tahoe-Douglas Visitors Authority, Series 2020                                                                            | CUSIP: 873816AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3190000 | PA      | $3294331.50   | 0.06%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Farmville Industrial Development Authority                                                                          | Farmville Industrial Development Authority, Series 2020 A                                                                | CUSIP: 311617BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3495524.68   | 0.07%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Juban Trails Community Development District                                                                         | Juban Trails Community Development District, Series 2022                                                                 | CUSIP: 48129XAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1006503.76   | 0.02%             | 2051-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                                                 | City of Crandall, Series 2021                                                                                            | CUSIP: 224384AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    161000 | PA      | $148058.34    | 0.00%             | 2031-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Stonewater Community Development District                                                                           | Stonewater Community Development District, Series 2021                                                                   | CUSIP: 861886AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $466535.64    | 0.01%             | 2041-11-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Triple Creek Community Development District                                                                         | Triple Creek Community Development District, Series 2021                                                                 | CUSIP: 89677RBD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $374701.41    | 0.01%             | 2031-11-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Cypress Park Estates Community Development District                                                                 | Cypress Park Estates Community Development District, Series 2020                                                         | CUSIP: 23280FAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $262261.76    | 0.00%             | 2030-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Palisade Park West Metropolitan District                                                                            | Palisade Park West Metropolitan District, Series 2019 A                                                                  | CUSIP: 69640PAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1357051.95   | 0.03%             | 2049-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Dallas Area Municipal Authority                                                                                     | Dallas Area Municipal Authority, Series 2019                                                                             | CUSIP: 235171AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3771576.00   | 0.07%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Holly Hill Road East Community Development District                                                                 | Holly Hill Road East Community Development District, Series 2020                                                         | CUSIP: 43584FAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $483155.30    | 0.01%             | 2050-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series 2018 A-1                                                                              | CUSIP: 45202LCC6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $30.75        | 0.00%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                              | M-S-R Energy Authority, Series 2009 C                                                                                    | CUSIP: 55374SAJ9<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $24266282.00  | 0.46%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Transportation Infrastructure Authority                                                             | Kentucky Public Transportation Infrastructure Authority, Series 2013 C                                                   | CUSIP: 491397AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11055020.00  | 0.21%             | 2039-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Osceola Village Center Community Development District                                                               | Osceola Village Center Community Development District, Series 2021                                                       | CUSIP: 688100AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $151624.51    | 0.00%             | 2031-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CFF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1003890.16   | 0.02%             | 2051-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palmdale Elementary School District                                                                                 | Palmdale Elementary School District, Series 2012 A                                                                       | CUSIP: 69671TCY3<br>LEI: 549300YBE1L2RGBY7L18 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $908979.50    | 0.02%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Storey Drive Community Development District                                                                         | Storey Drive Community Development District, Series 2022                                                                 | CUSIP: 86216HAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $664640.46    | 0.01%             | 2042-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Sioux Falls SD                                                                                              | City of Sioux Falls, Series 2016                                                                                         | CUSIP: 829566CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7110000 | PA      | $6261993.14   | 0.12%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                                                   | Philadelphia Authority for Industrial Development, Series 2021 A                                                         | CUSIP: 71780CBJ8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    850000 | PA      | $598316.53    | 0.01%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2022                                                        | CUSIP: 05616KBS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4702434.00   | 0.09%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sunbridge Stewardship District                                                                                      | Sunbridge Stewardship District, Series 2022                                                                              | CUSIP: 86709HAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1884322.00   | 0.04%             | 2052-05-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Boggy Branch Community Development District                                                                         | Boggy Branch Community Development District, Series 2021                                                                 | CUSIP: 09720PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1050676.02   | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Avalon Groves Community Development District                                                                        | Avalon Groves Community Development District, Series 2021                                                                | CUSIP: 05344CAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $383944.60    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nashville Metropolitan Development & Housing Agency                                                                 | Nashville Metropolitan Development & Housing Agency, Series 2018                                                         | CUSIP: 591874AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $908791.20    | 0.02%             | 2036-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Cross Creek North Community Development District                                                                    | Cross Creek North Community Development District, Series 2022                                                            | CUSIP: 227521AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2007779.20   | 0.04%             | 2042-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                                                    | California Community College Financing Authority, Series 2022 A                                                          | CUSIP: 13012TAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473901.30    | 0.01%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                                                               | City of Fort Worth, Series 2017                                                                                          | CUSIP: 349506AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1443426.26   | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Economic Development Finance Authority                                                                   | Washington Economic Development Finance Authority, Series 2013                                                           | CUSIP: 93975YAB7<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $608000.00    | 0.01%             | 2025-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp.                                                                                | City of Dallas Housing Finance Corp.                                                                                     | CUSIP: 23529CAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 173445000 | PA      | $11277168.42  | 0.21%             | 2062-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Ferris TX                                                                                                   | City of Ferris, Series 2022                                                                                              | CUSIP: 315388AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1259000 | PA      | $961041.91    | 0.02%             | 2042-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                                                            | Cleveland-Cuyahoga County Port Authority, Series 2018                                                                    | CUSIP: 18610PAU2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    700000 | PA      | $708247.96    | 0.01%             | 2038-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                         | Washington State Housing Finance Commission, Series 2019 A                                                               | CUSIP: 939783ZB5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1402200.36   | 0.03%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stoneybrook North Community Development District                                                                    | Stoneybrook North Community Development District, Series 2022                                                            | CUSIP: 86202UAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1880850.04   | 0.04%             | 2052-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 A                                                                                  | CUSIP: 744396GH9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $849831.30    | 0.02%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2020                                                                                              | CUSIP: 15114CDE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $301948.89    | 0.01%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Marcos TX                                                                                               | City of San Marcos, Series 2020                                                                                          | CUSIP: 798801AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $259704.85    | 0.00%             | 2025-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Sachse TX                                                                                                   | City of Sachse, Series 2022                                                                                              | CUSIP: 785756AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $761005.95    | 0.01%             | 2052-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Mirada II Community Development District                                                                            | Mirada II Community Development District, Series 2022                                                                    | CUSIP: 60463WAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1090729.76   | 0.02%             | 2042-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                                                             | Tolomato Community Development District, Series 2022-1                                                                   | CUSIP: 889560ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $440108.34    | 0.01%             | 2032-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Tohoqua Community Development District                                                                              | Tohoqua Community Development District, Series 2021                                                                      | CUSIP: 88907RAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $605306.93    | 0.01%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Epperson Ranch II Community Development District                                                                    | Epperson Ranch II Community Development District, Series 2020                                                            | CUSIP: 29429YAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $2971974.96   | 0.06%             | 2051-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Ptarmigan West Metropolitan District No. 2                                                                          | Ptarmigan West Metropolitan District No. 2, Series 2021-3                                                                | CUSIP: 744420AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1021826.31   | 0.02%             | 2051-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                                                                         | Pecan Public Facility Corp., Series 2022 B                                                                               | CUSIP: 705125AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5075000 | PA      | $3908327.54   | 0.07%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                                                                        | Clackamas County Hospital Facility Authority, Series 2020 A                                                              | CUSIP: 179027YM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1109776.88   | 0.02%             | 2050-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 22A                                                                                               | CUSIP: 13136CAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3975000 | PA      | $3975000.00   | 0.08%             | 2022-10-12      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| Entrada Community Development District                                                                              | Entrada Community Development District, Series 2021                                                                      | CUSIP: 29384HAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $677264.91    | 0.01%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Town of Ponder TX                                                                                                   | Town of Ponder, Series 2017                                                                                              | CUSIP: 732403AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $822106.03    | 0.02%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Meadow View at Twin Creeks Community Development District                                                           | Meadow View at Twin Creeks Community Development District, Series 2021                                                   | CUSIP: 583188BC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $841277.17    | 0.02%             | 2041-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                                                              | County of Frederick, Series 2019                                                                                         | CUSIP: 355612AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $681209.03    | 0.01%             | 2029-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Chapel Crossings Community Development District                                                                     | Chapel Crossings Community Development District, Series 2020                                                             | CUSIP: 15942YAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $2324099.26   | 0.04%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Waxahachie TX                                                                                               | City of Waxahachie, Series 2022                                                                                          | CUSIP: 94411PAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    302000 | PA      | $300153.69    | 0.01%             | 2032-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                                                             | Tolomato Community Development District, Series 2022-1                                                                   | CUSIP: 889560EU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1512242.33   | 0.03%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2022                                                                                           | CUSIP: 742400BX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1376000 | PA      | $1293266.07   | 0.02%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                                                                                 | County of Medina, Series 2021                                                                                            | CUSIP: 584735AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $731777.62    | 0.01%             | 2050-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority                                                                                 | Lancaster County Hospital Authority, Series 2017                                                                         | CUSIP: 514045S61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3267564.30   | 0.06%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                                                       | State of Ohio, Series 2018                                                                                               | CUSIP: 67756CDM7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |  15195000 | PA      | $13186783.22  | 0.25%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Quail Roost Community Development District                                                                          | Quail Roost Community Development District, Series 2021                                                                  | CUSIP: 74737QAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $527919.26    | 0.01%             | 2041-12-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                               | Metropolitan Transportation Authority, Series 2020 A-1                                                                   | CUSIP: 59261AD79<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6867763.00   | 0.13%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aviary at Rutland Ranch Community Development District                                                              | Aviary at Rutland Ranch Community Development District, Series 2021                                                      | CUSIP: 05369FAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $146264.06    | 0.00%             | 2031-11-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Ridge at Apopka Community Development District                                                                      | Ridge at Apopka Community Development District, Series 2022                                                              | CUSIP: 76571AAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2073528.16   | 0.04%             | 2052-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LT Ranch Community Development District                                                                             | LT Ranch Community Development District                                                                                  | CUSIP: 54912EAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1247292.92   | 0.02%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp.                                                                                          | Salt Verde Financial Corp., Series 2007-1                                                                                | CUSIP: 79575EAQ1<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |  11105000 | PA      | $11950393.67  | 0.23%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Storey Creek Community Development District                                                                         | Storey Creek Community Development District, Series 2022                                                                 | CUSIP: 86216CAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $240536.64    | 0.00%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                                                         | Military Installation Development Authority, Series 2021 A-2                                                             | CUSIP: 599772AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7215000 | PA      | $5717258.35   | 0.11%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jacoby Farm Metropolitan District                                                                                   | Jacoby Farm Metropolitan District, Series 2021                                                                           | CUSIP: 46984PAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4287036.50   | 0.08%             | 2046-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centerra Metropolitan District No. 1                                                                                | Centerra Metropolitan District No. 1, Series 2020 A                                                                      | CUSIP: 15200XAK9<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3419155.60   | 0.07%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cordova Palms Community Development District                                                                        | Cordova Palms Community Development District, Series 2022-2                                                              | CUSIP: 21864YAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $1996179.40   | 0.04%             | 2053-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Zephyr Lakes Community Development District                                                                         | Zephyr Lakes Community Development District, Series 2021                                                                 | CUSIP: 98944TAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $136464.29    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2018                                                        | CUSIP: 64542UEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2346443.28   | 0.04%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hammock Reserve Community Development District                                                                      | Hammock Reserve Community Development District, Series 2020                                                              | CUSIP: 408348AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $669024.01    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1033000 | PA      | $829971.60    | 0.02%             | 2051-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Edgewater East Community Development District                                                                       | Edgewater East Community Development District, Series 2021                                                               | CUSIP: 280286AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2062153.80   | 0.04%             | 2041-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| City of San Marcos TX                                                                                               | City of San Marcos, Series 2022                                                                                          | CUSIP: 798801AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $282365.07    | 0.01%             | 2027-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Palm Coast Park Community Development District                                                                      | Palm Coast Park Community Development District, Series 2021                                                              | CUSIP: 69661TAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $929482.80    | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bridgewater North Community Development District                                                                    | Bridgewater North Community Development District, Series 2022                                                            | CUSIP: 10865PAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $185559.58    | 0.00%             | 2027-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                       | Main Street Natural Gas, Inc., Series 2007 A                                                                             | CUSIP: 56036YDJ1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4282086.80   | 0.08%             | 2027-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2022                                                                                        | CUSIP: 530575AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $209359.94    | 0.00%             | 2027-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                                                        | Industrial Development Authority of the County of Pima (The), Series 2019                                                | CUSIP: 72177MSV0<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1095893.55   | 0.02%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakeshore Villages Master Community Development District                                                            | Lakeshore Villages Master Community Development District, Series 2021                                                    | CUSIP: 512098AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $337478.96    | 0.01%             | 2026-06-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Rivers Edge III Community Development District                                                                      | Rivers Edge III Community Development District, Series 2021                                                              | CUSIP: 76882NAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $255870.54    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Red Oak TX                                                                                                  | City of Red Oak, Series 2021                                                                                             | CUSIP: 756848AD9<br>LEI: 549300VOCS0JLIVKWD34 | Long             | DBT              | MUN               | US        |    665000 | PA      | $529136.71    | 0.01%             | 2051-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kindred Community Development District II                                                                           | Kindred Community Development District II, Series 2021                                                                   | CUSIP: 494581AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $364046.00    | 0.01%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A-2                                                                              | CUSIP: 14052TEA8<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |  10245000 | PA      | $7029404.92   | 0.13%             | 2057-01-01      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019 A                     | CUSIP: 54628CHY1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3044094.80   | 0.06%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2021                                                                                                | CUSIP: 50156CAR1<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |   1428000 | PA      | $1106735.41   | 0.02%             | 2041-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                    | City of Hutto, Series 2021                                                                                               | CUSIP: 448529AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $217622.60    | 0.00%             | 2031-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2021                                                        | CUSIP: 05616KBM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $3822644.18   | 0.07%             | 2041-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| City of Ferris TX                                                                                                   | City of Ferris, Series 2022                                                                                              | CUSIP: 315388AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1577000 | PA      | $1233410.81   | 0.02%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cypress Bluff Community Development District                                                                        | Cypress Bluff Community Development District, Series 2020 A                                                              | CUSIP: 232677AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $877952.79    | 0.02%             | 2050-05-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| California Community College Financing Authority                                                                    | California Community College Financing Authority, Series 2022 A                                                          | CUSIP: 13012TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17500000 | PA      | $16599849.00  | 0.32%             | 2060-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                                                            | Texas Transportation Commission, Series 2019 A                                                                           | CUSIP: 88283NAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $689337.60    | 0.01%             | 2051-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2078000 | PA      | $2088885.81   | 0.04%             | 2052-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2021 C                     | CUSIP: 546276DJ2<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   6300000 | PA      | $4579614.27   | 0.09%             | 2061-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                                                                  | West Villages Improvement District, Series 2021                                                                          | CUSIP: 956454BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $452203.19    | 0.01%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                  | South Carolina Jobs-Economic Development Authority, Series 2018 A                                                        | CUSIP: 83704CAY4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2927548.05   | 0.06%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leomas Landing Community Development District                                                                       | Leomas Landing Community Development District, Series 2021                                                               | CUSIP: 526400AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $135586.22    | 0.00%             | 2031-05-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Mirada II Community Development District                                                                            | Mirada II Community Development District, Series 2022                                                                    | CUSIP: 60463WAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002511.80   | 0.04%             | 2053-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Park Isle Community Development District                                                                      | North Park Isle Community Development District, Series 2021                                                              | CUSIP: 661416AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $421812.35    | 0.01%             | 2031-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2020                                                        | CUSIP: 05616KAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $655036.36    | 0.01%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Live Oak Lake Community Development District                                                                        | Live Oak Lake Community Development District, Series 2020                                                                | CUSIP: 538092AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2439311.82   | 0.05%             | 2051-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                                                             | Tobacco Securitization Authority of Southern California, Series 2019 B-2                                                 | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18000000 | PA      | $3230856.00   | 0.06%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   8466884 | PA      | $7220644.19   | 0.14%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2016 A-4                                                                    | CUSIP: 74526QB92<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   5500000 | PA      | $4290000.00   | 0.08%             | 2019-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2021                                                                                                | CUSIP: 31189RBY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $362925.88    | 0.01%             | 2026-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                                                                  | Tobacco Settlement Financing Corp., Series 2018 A                                                                        | CUSIP: 888808HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $9319750.80   | 0.18%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2020                                                                                          | CUSIP: 780870AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $513528.27    | 0.01%             | 2040-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| County of Fairfield OH                                                                                              | County of Fairfield, Series 2013                                                                                         | CUSIP: 304286BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9733346.00   | 0.19%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckhead Trails Community Development District                                                                      | Buckhead Trails Community Development District, Series 2022                                                              | CUSIP: 11836UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $392132.72    | 0.01%             | 2032-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                      | Buckeye Tobacco Settlement Financing Authority, Series 2020 A-2, Class 1                                                 | CUSIP: 118217CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25130000 | PA      | $18022308.70  | 0.34%             | 2048-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Marshall Creek Community Development District                                                                       | Marshall Creek Community Development District, Series 2015 A                                                             | CUSIP: 57231NAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1681241.52   | 0.03%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westside Haines City Community Development District                                                                 | Westside Haines City Community Development District, Series 2021                                                         | CUSIP: 96150AAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $299715.19    | 0.01%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Eden Hills Community Development District                                                                           | Eden Hills Community Development District, Series 2020                                                                   | CUSIP: 279449AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $97452.75     | 0.00%             | 2030-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| North Park Isle Community Development District                                                                      | North Park Isle Community Development District, Series 2021                                                              | CUSIP: 661416AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $191325.10    | 0.00%             | 2026-11-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $774635.76    | 0.01%             | 2042-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                  | South Carolina Jobs-Economic Development Authority, Series 2022 A-1                                                      | CUSIP: 837031D67<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  14400000 | PA      | $9248251.68   | 0.18%             | 2037-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Summer Woods Community Development District                                                                         | Summer Woods Community Development District, Series 2021                                                                 | CUSIP: 865657AS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $766480.60    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tamarindo Community Development District                                                                            | Tamarindo Community Development District, Series 2021                                                                    | CUSIP: 875056AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $616674.03    | 0.01%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Gracewater Sarasota Community Development District                                                                  | Gracewater Sarasota Community Development District, Series 2021                                                          | CUSIP: 38410UAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $2359877.34   | 0.04%             | 2041-05-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CEX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    336000 | PA      | $287036.77    | 0.01%             | 2032-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2021 A                                                                         | CUSIP: 34061UGS1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $794681.40    | 0.02%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District                                                                               | V-Dana Community Development District, Series 2020                                                                       | CUSIP: 91822RAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1506787.92   | 0.03%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Landing Community Development District                                                                        | River Landing Community Development District, Series 2020 A                                                              | CUSIP: 76828JAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $239539.63    | 0.00%             | 2025-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                               | Villages of Glen Creek Community Development District, Series 2022                                                       | CUSIP: 92716AAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $927065.42    | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2022 A                                                                                  | CUSIP: 744396HT2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1475307.50   | 0.03%             | 2062-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Village at Dry Creek Metropolitan District No. 2 (The)                                                              | Village at Dry Creek Metropolitan District No. 2 (The), Series 2019                                                      | CUSIP: 92705AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    893000 | PA      | $735011.87    | 0.01%             | 2044-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2019                                                        | CUSIP: 64542UEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $884807.78    | 0.02%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                                                                      | La Paz County Industrial Development Authority, Series 2018 A                                                            | CUSIP: 50376FAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008109.80   | 0.02%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Nassau Stewardship District                                                                                    | East Nassau Stewardship District, Series 2021                                                                            | CUSIP: 273794AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $280645.05    | 0.01%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                                                                  | West Villages Improvement District, Series 2021                                                                          | CUSIP: 956454BY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $761550.50    | 0.01%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 B                                                                     | CUSIP: 126292BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14235000 | PA      | $10060130.73  | 0.19%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pine Isle Community Development District                                                                            | Pine Isle Community Development District, Series 2021                                                                    | CUSIP: 72265AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $189334.69    | 0.00%             | 2031-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Villamar Community Development District                                                                             | Villamar Community Development District, Series 2020                                                                     | CUSIP: 92715KAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $772126.00    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                                                           | River Hall Community Development District, Series 2020 A                                                                 | CUSIP: 768247AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2040022.03   | 0.04%             | 2051-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Cordova Palms Community Development District                                                                        | Cordova Palms Community Development District, Series 2021                                                                | CUSIP: 21864YAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $322361.62    | 0.01%             | 2031-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021                                                                                    | CUSIP: 74442PVG7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $954046.91    | 0.02%             | 2051-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hammock Reserve Community Development District                                                                      | Hammock Reserve Community Development District, Series 2020                                                              | CUSIP: 408348AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $457365.20    | 0.01%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2021 A-2                                                                     | CUSIP: 13013FAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5905000 | PA      | $4539416.79   | 0.09%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wiregrass II Community Development District                                                                         | Wiregrass II Community Development District, Series 2020                                                                 | CUSIP: 97655GAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1337407.34   | 0.03%             | 2040-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No. 5                                                                           | Rampart Range Metropolitan District No. 5, Series 2021                                                                   | CUSIP: 75157WAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6670000 | PA      | $4503449.93   | 0.09%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority                                                                     | Silicon Valley Tobacco Securitization Authority, Series 2007 C                                                           | CUSIP: 82706TAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  60000000 | PA      | $5227152.00   | 0.10%             | 2056-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 13                                                                       | Village Community Development District No. 13, Series 2021                                                               | CUSIP: 92708HAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1681347.75   | 0.03%             | 2041-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                                                    | Tahoe-Douglas Visitors Authority, Series 2020                                                                            | CUSIP: 873816AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3475000 | PA      | $3479148.80   | 0.07%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                                                       | Allentown Neighborhood Improvement Zone Development Authority, Series 2018                                               | CUSIP: 018444BC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3245000 | PA      | $2946468.11   | 0.06%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakeshore Villages Master Community Development District                                                            | Lakeshore Villages Master Community Development District, Series 2021                                                    | CUSIP: 512098AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2127456.79   | 0.04%             | 2041-06-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Leon County Housing Finance Authority                                                                               | Leon County Housing Finance Authority, Series 2022 A                                                                     | CUSIP: 52643TAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6520000.00   | 0.12%             | 2057-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Mclendon-Chisholm TX                                                                                        | City of Mclendon-Chisholm, Series 2021                                                                                   | CUSIP: 582153BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $139609.14    | 0.00%             | 2026-09-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp.                                                                                | Kalamazoo Economic Development Corp., Series 2021                                                                        | CUSIP: 483228EB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $849497.49    | 0.02%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority                                                                    | Franklin County Industrial Development Authority, Series 2018                                                            | CUSIP: 353273BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1008644.40   | 0.02%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hammock Reserve Community Development District                                                                      | Hammock Reserve Community Development District, Series 2022                                                              | CUSIP: 408348AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1362842.40   | 0.03%             | 2042-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Coral Keys Homes Community Development District                                                                     | Coral Keys Homes Community Development District, Series 2020                                                             | CUSIP: 217898AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $583782.45    | 0.01%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mission Rock Utilities, Inc.                                                                                        | Mission Rock Utilities, Inc.                                                                                             | CUSIP: 605108AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14845200.00  | 0.28%             | 2027-07-01      | Fixed         | 7.00%                 | No            |                  3 | On Loan: No      |
| City of Belleville IL Sales Tax Revenue                                                                             | City of Belleville, Series 2021 B                                                                                        | CUSIP: 078876AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $677137.57    | 0.01%             | 2029-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Broomfield Village Metropolitan District No. 2                                                                      | Broomfield Village Metropolitan District No. 2, Series 2021 A-2                                                          | CUSIP: 114779AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $646079.79    | 0.01%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washington OH                                                                                             | County of Washington, Series 2022                                                                                        | CUSIP: 938154DW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9940604.00   | 0.19%             | 2042-12-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority                                                                                 | Travis County Development Authority, Series 2022                                                                         | CUSIP: 89441AAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1244000 | PA      | $1215398.95   | 0.02%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Laurel Road Community Development District                                                                          | Laurel Road Community Development District, Series 2021 A-1                                                              | CUSIP: 51888TAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $212459.83    | 0.00%             | 2026-05-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        | 241837000 | PA      | $45504581.96  | 0.87%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                                                     | City of Anna, Series 2021                                                                                                | CUSIP: 035713AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1406000 | PA      | $1129329.01   | 0.02%             | 2051-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bannon Lakes Community Development District                                                                         | Bannon Lakes Community Development District, Series 2022                                                                 | CUSIP: 066697AK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1147652.41   | 0.02%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                         | Washington State Housing Finance Commission, Series 2019 A                                                               | CUSIP: 939783ZA7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2200001.65   | 0.04%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $253778.42    | 0.00%             | 2027-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 611                                                           | City of Las Vegas, Series 2020                                                                                           | CUSIP: 51778CAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $943315.10    | 0.02%             | 2050-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 A-1                                                                                | CUSIP: 74442PRN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1445174.70   | 0.03%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp.                                                                        | Mesquite Health Facilities Development Corp., Series 2014                                                                | CUSIP: 590743CJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $830000.00    | 0.02%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berry Bay Community Development District                                                                            | Berry Bay Community Development District, Series 2021                                                                    | CUSIP: 08577CAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $963735.25    | 0.02%             | 2041-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                 | Wisconsin Health & Educational Facilities Authority, Series 2021                                                         | CUSIP: 97712JDS9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $703506.50    | 0.01%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Flower Mound TX                                                                                             | Town of Flower Mound, Series 2021                                                                                        | CUSIP: 34348RAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $646994.88    | 0.01%             | 2036-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2020                                                                                              | CUSIP: 15114CDD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $132821.33    | 0.00%             | 2030-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                                                          | Riverside County Transportation Commission, Series 2013 B                                                                | CUSIP: 76912DAN8<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2679056.00   | 0.05%             | 2032-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                       | Main Street Natural Gas, Inc., Series 2007 A                                                                             | CUSIP: 56036YDG7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5230727.00   | 0.10%             | 2025-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2021                                                                           | CUSIP: 34061WAY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4460012.70   | 0.08%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Palm Beach County Improvement District                                                                     | Northern Palm Beach County, Series 2014                                                                                  | CUSIP: 665588QR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5999558.40   | 0.11%             | 2046-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Meadow View at Twin Creeks Community Development District                                                           | Meadow View at Twin Creeks Community Development District, Series 2021                                                   | CUSIP: 583188BA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $197831.76    | 0.00%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Sandridge Community Development District                                                                            | Sandridge Community Development District, Series 2021 A-1                                                                | CUSIP: 80007LAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $591552.08    | 0.01%             | 2041-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                                                         | CMFA Special Finance Agency, Series 2021 A-2                                                                             | CUSIP: 12574WAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35000000 | PA      | $26925388.00  | 0.51%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CEF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $131284.40    | 0.00%             | 2031-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                                                          | Chicago Board of Education, Series 2022 A                                                                                | CUSIP: 167505YC4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |  14765000 | PA      | $12056667.86  | 0.23%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Franklin Dynamic Municipal Bond ETF                                                                                 | Franklin Dynamic Municipal Bond ETF                                                                                      | CUSIP: 35473P868<br>LEI: 549300RTD7Q8YMBA7Q25 | Long             |  | RF                | US        |   1605000 | NS      | $37653300.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Texas Regional Mobility Authority                                                                           | Central Texas Regional Mobility Authority, Series 2010                                                                   | CUSIP: 155498BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $1186518.05   | 0.02%             | 2038-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                                                      | Buckeye Tobacco Settlement Financing Authority, Series 2020 B-2, Class 2                                                 | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  27800000 | PA      | $25510036.16  | 0.49%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency                                                                         | CUSIP: 798111BY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15200000 | PA      | $14357226.88  | 0.27%             | 2025-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pinellas County Industrial Development Authority                                                                    | Pinellas County Industrial Development Authority, Series 2017                                                            | CUSIP: 72316VAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1944121.40   | 0.04%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2019 A                                                                       | CUSIP: 13013HAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10800000 | PA      | $9239290.92   | 0.18%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS                                                                                                | City of Manhattan, Series 2021 A                                                                                         | CUSIP: 563017EB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $863408.04    | 0.02%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                           | Indiana Finance Authority, Series 2013 A                                                                                 | CUSIP: 45506DKU8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5163381.50   | 0.10%             | 2043-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Eden Hills Community Development District                                                                           | Eden Hills Community Development District, Series 2022                                                                   | CUSIP: 279449AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1247960.95   | 0.02%             | 2052-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2020                                                                         | CUSIP: 51265KES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $987336.10    | 0.02%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Veranda Community Development District II                                                                           | Veranda Community Development District II, Series 2021                                                                   | CUSIP: 92338HAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $385108.70    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 A                                                                     | CUSIP: 126292AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6119786.40   | 0.12%             | 2056-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Anderson IN                                                                                                 | City of Anderson, Series 2020 A                                                                                          | CUSIP: 033889AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2262153.59   | 0.04%             | 2040-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Southglenn Metropolitan District                                                                                    | Southglenn Metropolitan District, Series 2016                                                                            | CUSIP: 84437RAG2<br>LEI: 549300ETN4YRI5O2PU39 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $3876582.78   | 0.07%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series 2021 B                                                                                | CUSIP: 45204FGD1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4190000 | PA      | $4062673.02   | 0.08%             | 2037-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District                                                                     | North AR-1 Pasco Community Development District, Series 2021                                                             | CUSIP: 65725AAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $245481.73    | 0.00%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| LT Ranch Community Development District                                                                             | LT Ranch Community Development District                                                                                  | CUSIP: 54912EAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120588.32    | 0.00%             | 2032-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District                                                                               | V-Dana Community Development District, Series 2020                                                                       | CUSIP: 91822RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2698179.75   | 0.05%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                                                                  | West Villages Improvement District, Series 2021                                                                          | CUSIP: 956454BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1439719.67   | 0.03%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                                                             | Tolomato Community Development District, Series 2022-2                                                                   | CUSIP: 889560EY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $513463.79    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Avalon Groves Community Development District                                                                        | Avalon Groves Community Development District, Series 2021                                                                | CUSIP: 05344CAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $258759.47    | 0.00%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Indigo Community Development District                                                                               | Indigo Community Development District, Series 2021                                                                       | CUSIP: 45567RAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $223915.32    | 0.00%             | 2026-05-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Reunion East Community Development District                                                                         | Reunion East Community Development District, Series 2021                                                                 | CUSIP: 761311AU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $337195.28    | 0.01%             | 2031-05-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Hyde Park Community Development District No. 1                                                                      | Hyde Park Community Development District No. 1, Series 2022                                                              | CUSIP: 448642AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $1952055.72   | 0.04%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                    | City of Hutto, Series 2021                                                                                               | CUSIP: 448529AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    206000 | PA      | $172768.86    | 0.00%             | 2031-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Marble Falls TX                                                                                             | City of Marble Falls, Series 2021                                                                                        | CUSIP: 566035AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $849197.30    | 0.02%             | 2041-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1                                                                   | North Parkway Municipal Management District No. 1, Series 2021                                                           | CUSIP: 661441AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4624455.00   | 0.09%             | 2041-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 816                                                           | City of Las Vegas, Series 2021                                                                                           | CUSIP: 51779AAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $469541.61    | 0.01%             | 2041-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Celebration Pointe Community Development District No. 1                                                             | Celebration Pointe Community Development District No. 1, Series 2021                                                     | CUSIP: 15102HAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $656543.18    | 0.01%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Scott County Community Development Agency                                                                           | Scott County Community Development Agency, Series 2022 B                                                                 | CUSIP: 80955PAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1216965.36   | 0.02%             | 2037-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series E-4                                                                         | CUSIP: 74526QD90<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1989499 | PA      | $1551809.22   | 0.03%             | 2022-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Northern Palm Beach County Improvement District                                                                     | Northern Palm Beach County, Series 2014                                                                                  | CUSIP: 665588QP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2710807.02   | 0.05%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                                                    | James City County Economic Development Authority, Series 2021 A                                                          | CUSIP: 47029WDQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $485878.56    | 0.01%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Yamhill County Hospital Authority                                                                                   | Yamhill County Hospital Authority, Series 2021 A                                                                         | CUSIP: 98464UAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6115000 | PA      | $4742086.49   | 0.09%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                                                    | City of Manor, Series 2021                                                                                               | CUSIP: 564099AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $793526.40    | 0.02%             | 2051-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2020                                                                                                | CUSIP: 31189RBS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $108520.43    | 0.00%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                              | North Carolina Medical Care Commission, Series 2015                                                                      | CUSIP: 65821DTH4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982289.90    | 0.02%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                                                                  | New York Liberty Development Corp., Series 2014, Class 2                                                                 | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15014661.00  | 0.29%             | 2040-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2020 A                                                                         | CUSIP: 34061WAP9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4541598.50   | 0.09%             | 2050-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rivers Edge III Community Development District                                                                      | Rivers Edge III Community Development District, Series 2021                                                              | CUSIP: 76882NAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $699163.09    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                              | North Carolina Medical Care Commission, Series 2015                                                                      | CUSIP: 65821DTG6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2784443.44   | 0.05%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                           | New York Transportation Development Corp., Series 2021                                                                   | CUSIP: 650116EY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1468189.11   | 0.03%             | 2026-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Brighton Crossing Metropolitan District No. 4                                                                       | Brighton Crossing Metropolitan District No. 4, Series 2017 A                                                             | CUSIP: 109330AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2257252.78   | 0.04%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Summerstone Community Development District                                                                          | Summerstone Community Development District, Series 2021                                                                  | CUSIP: 865711AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $505139.60    | 0.01%             | 2041-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Villamar Community Development District                                                                             | Villamar Community Development District, Series 2022                                                                     | CUSIP: 92715KAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $220374.15    | 0.00%             | 2032-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2020                                                               | CUSIP: 83005TAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $209712.45    | 0.00%             | 2025-11-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                           | New York Transportation Development Corp., Series 2021                                                                   | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4025759.40   | 0.08%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Haslet TX                                                                                                   | City of Haslet, Series 2021                                                                                              | CUSIP: 418304AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $124025.01    | 0.00%             | 2031-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Scenic Terrace South Community Development District                                                                 | Scenic Terrace South Community Development District, Series 2022                                                         | CUSIP: 806205AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $2887130.48   | 0.05%             | 2053-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2017 A                                                                                  | CUSIP: 74442ECT5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4345000 | PA      | $4157719.20   | 0.08%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jay Grove Metropolitan District                                                                                     | Jay Grove Metropolitan District, Series 2021                                                                             | CUSIP: 472043AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $894173.44    | 0.02%             | 2051-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Forsyth County Hospital Authority                                                                                   | Forsyth County Hospital Authority, Series 1998                                                                           | CUSIP: 34660EAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5375000 | PA      | $6023019.14   | 0.11%             | 2028-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Trevesta Community Development District                                                                             | Trevesta Community Development District, Series 2020                                                                     | CUSIP: 89532FAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $208194.51    | 0.00%             | 2030-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Hawkstone Community Development District                                                                            | Hawkstone Community Development District, Series 2021                                                                    | CUSIP: 42034RAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $380357.52    | 0.01%             | 2031-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                                                       | Sierra Vista Industrial Development Authority, Series 2022 B                                                             | CUSIP: 82652PAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $238765.50    | 0.00%             | 2037-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2017                                                            | CUSIP: 130536QZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24500000 | PA      | $12250000.00  | 0.23%             | 2032-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp.                                                                                          | Salt Verde Financial Corp., Series 2007-1                                                                                | CUSIP: 79575EAL2<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6210993.60   | 0.12%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Verano No. 3 Community Development District                                                                         | Verano No. 3 Community Development District, Series 2022                                                                 | CUSIP: 92337NAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029430.60   | 0.02%             | 2042-11-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City School District                                                                               | San Mateo Foster City School District, Series A                                                                          | CUSIP: 799055LS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  40000000 | PA      | $39542688.00  | 0.75%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                                                                 | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series 2021 B                                                       | CUSIP: 745160TG6<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  35000000 | PA      | $34485927.00  | 0.66%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $812509.70    | 0.02%             | 2032-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Lakeshore Villages Master Community Development District                                                            | Lakeshore Villages Master Community Development District, Series 2021                                                    | CUSIP: 512098AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1650823.95   | 0.03%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VIII                                                                                    | CMFA Special Finance Agency VIII, Series 2021 A-2                                                                        | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11095000 | PA      | $8443784.29   | 0.16%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Waxahachie TX                                                                                               | City of Waxahachie, Series 2022                                                                                          | CUSIP: 94411PAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2329911.09   | 0.04%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                 | Wisconsin Health & Educational Facilities Authority, Series 2018 C                                                       | CUSIP: 97671VBP9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $3748832.68   | 0.07%             | 2053-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2022                                                                                                | CUSIP: 50156CBB5<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |   2105000 | PA      | $1991670.59   | 0.04%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waterfront at Foster Lake Metropolitan District No. 2                                                               | Waterfront at Foster Lake Metropolitan District No. 2, Series 2022 A(3)-1                                                | CUSIP: 941564AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4085000 | PA      | $3220362.36   | 0.06%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2020                                                               | CUSIP: 83005TAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $1869099.84   | 0.04%             | 2050-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 B                                                                                  | CUSIP: 74439YEA5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1481505.80   | 0.03%             | 2061-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Villamar Community Development District                                                                             | Villamar Community Development District, Series 2020                                                                     | CUSIP: 92715KAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $211891.61    | 0.00%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| City of Kaufman TX                                                                                                  | City of Kaufman, Series 2021                                                                                             | CUSIP: 486238AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $188493.69    | 0.00%             | 2031-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Triple Creek Community Development District                                                                         | Triple Creek Community Development District, Series 2021                                                                 | CUSIP: 89677RBB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $582111.68    | 0.01%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cordoba Ranch Community Development District                                                                        | Cordoba Ranch Community Development District, Series 2021                                                                | CUSIP: 21853FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $622041.26    | 0.01%             | 2037-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-2                                                                        | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  26041000 | PA      | $23804268.20  | 0.45%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                                                               | County of Franklin, Series 2020                                                                                          | CUSIP: 353180LL4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   8800000 | PA      | $7720331.52   | 0.15%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake Deer Community Development District                                                                            | Lake Deer Community Development District, Series 2022                                                                    | CUSIP: 509580AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1591701.55   | 0.03%             | 2042-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Two Rivers North Community Development District                                                                     | Two Rivers North Community Development District, Series 2022                                                             | CUSIP: 90207GAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98429.96     | 0.00%             | 2027-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Cypress Park Estates Community Development District                                                                 | Cypress Park Estates Community Development District, Series 2022                                                         | CUSIP: 23280FAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1159055.38   | 0.02%             | 2052-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                                                    | Maricopa County Industrial Development Authority, Series 2018 A                                                          | CUSIP: 56681NCW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10236942.00  | 0.19%             | 2052-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Viridian Municipal Management District                                                                              | Viridian Municipal Management District, Series 2020                                                                      | CUSIP: 92823UAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $604696.56    | 0.01%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota                                                  | Housing & Redevelopment Authority of The City of St. Paul Minnesota, Series 2021 A                                       | CUSIP: 792908DC6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    200000 | PA      | $169585.78    | 0.00%             | 2033-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southshore Bay Community Development District                                                                       | Southshore Bay Community Development District, Series 2021                                                               | CUSIP: 84468KAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1576625.69   | 0.03%             | 2033-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 22X                                                                                               | CUSIP: 13136CAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3910000 | PA      | $3910000.00   | 0.07%             | 2023-01-31      | Fixed         | 9.50%                 | Yes           |                  3 | On Loan: No      |
| Rockland Tobacco Asset Securitization Corp.                                                                         | Rockland Tobacco Asset Securitization Corp., Series 2005 A                                                               | CUSIP: 773684AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  59000000 | PA      | $15843736.10  | 0.30%             | 2045-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 A-2                                                                   | CUSIP: 126292BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $4908550.50   | 0.09%             | 2057-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                    | Lakes of Sarasota Community Development District, Series 2021 A-1                                                        | CUSIP: 51206YAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $208821.78    | 0.00%             | 2051-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2020                                                                                           | CUSIP: 742400AX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $541191.58    | 0.01%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                                                         | Ohio Higher Educational Facility Commission, Series 2020 A                                                               | CUSIP: 67756DXL5<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2360082.14   | 0.04%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collier County Educational Facilities Authority                                                                     | Collier County Educational Facilities Authority, Series 2013 A                                                           | CUSIP: 19463TAG1<br>LEI: 5493003XVBWC2SNPMX57 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12039457.20  | 0.23%             | 2038-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Union Park East Community Development District                                                                      | Union Park East Community Development District, Series 2021                                                              | CUSIP: 907874AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $88978.46     | 0.00%             | 2031-05-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Black Creek Community Development District                                                                          | Black Creek Community Development District, Series 2022                                                                  | CUSIP: 09186FAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149326.28    | 0.00%             | 2032-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Bannon Lakes Community Development District                                                                         | Bannon Lakes Community Development District, Series 2021                                                                 | CUSIP: 066697AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $599276.11    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                              | Tempe Industrial Development Authority, Series 2019                                                                      | CUSIP: 87972MBD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $3628341.29   | 0.07%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency                                                                         | CUSIP: 798111CA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        | 139100000 | PA      | $123658202.98 | 2.35%             | 2027-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Haslet TX                                                                                                   | City of Haslet, Series 2021                                                                                              | CUSIP: 418304AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    279000 | PA      | $251005.50    | 0.00%             | 2026-09-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CalPlant I LLC                                                                                                      | CalPlant I LLC, Series 22B                                                                                               | CUSIP: 13136CAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $345000.00    | 0.01%             | 2022-12-30      | Fixed         | 9.50%                 | No            |                  3 | On Loan: No      |
| Cypress Bluff Community Development District                                                                        | Cypress Bluff Community Development District, Series 2020 A                                                              | CUSIP: 232677AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $220040.95    | 0.00%             | 2030-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Grande Pines Community Development District                                                                         | Grande Pines Community Development District, Series 2021                                                                 | CUSIP: 38656NAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $554052.19    | 0.01%             | 2041-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Summerstone Community Development District                                                                          | Summerstone Community Development District, Series 2021                                                                  | CUSIP: 865711AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $145938.21    | 0.00%             | 2031-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                    | City of Hutto, Series 2021                                                                                               | CUSIP: 448529AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    392000 | PA      | $333845.58    | 0.01%             | 2031-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sandmine Road Community Development District                                                                        | Sandmine Road Community Development District, Series 2021                                                                | CUSIP: 800063AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $578365.50    | 0.01%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2022 B                                                                       | CUSIP: 13013FBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $3961056.88   | 0.08%             | 2040-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp.                                                                                              | Mississippi Home Corp., Series 2021 A-5                                                                                  | CUSIP: 60535NCR6<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $4638881.10   | 0.09%             | 2062-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Elmendorf TX                                                                                                | City of Elmendorf, Series 2021                                                                                           | CUSIP: 28938TAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1172000 | PA      | $908670.00    | 0.02%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Port Community Development District                                                                            | West Port Community Development District, Series 2020                                                                    | CUSIP: 95549GAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $839655.24    | 0.02%             | 2041-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Epperson Ranch II Community Development District                                                                    | Epperson Ranch II Community Development District, Series 2020                                                            | CUSIP: 29429YAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $704340.77    | 0.01%             | 2030-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Rivington Community Development District                                                                            | Rivington Community Development District, Series 2022                                                                    | CUSIP: 769656AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $379631.48    | 0.01%             | 2032-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Mangrove Point & Mangrove Manor Community Development District                                                      | Mangrove Point & Mangrove Manor, Series 2022                                                                             | CUSIP: 56271TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1251510.30   | 0.02%             | 2052-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Hawkstone Community Development District                                                                            | Hawkstone Community Development District, Series 2021                                                                    | CUSIP: 42034RAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $780102.30    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Somerset Community Development District                                                                             | Somerset Community Development District, Series 2022                                                                     | CUSIP: 834629AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $901938.40    | 0.02%             | 2037-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Sanctuary Cove Community Development District                                                                       | Sanctuary Cove Community Development District, Series 2021                                                               | CUSIP: 79971TAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $283844.68    | 0.01%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| County of Washington OH                                                                                             | County of Washington, Series 2022                                                                                        | CUSIP: 938154DX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $16794286.40  | 0.32%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                                                                 | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series 2021 B                                                       | CUSIP: 745160TD3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  17705000 | PA      | $17919058.76  | 0.34%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2020 A                                                      | CUSIP: 64542UFL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1993309.25   | 0.04%             | 2055-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Summerstone Community Development District                                                                          | Summerstone Community Development District, Series 2021                                                                  | CUSIP: 865711AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1351230.83   | 0.03%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Artisan Lakes East Community Development District                                                                   | Artisan Lakes East Community Development District, Series 2021-2                                                         | CUSIP: 04316FAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $370169.79    | 0.01%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2020 A                                                      | CUSIP: 64542UFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $3379073.22   | 0.06%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2022                                                                                           | CUSIP: 742400BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $816438.26    | 0.02%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority                                                                   | Charlotte County Industrial Development Authority, Series 2021 A                                                         | CUSIP: 16080TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4072213.75   | 0.08%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indigo Community Development District                                                                               | Indigo Community Development District, Series 1999 A                                                                     | CUSIP: 45567RAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $475502.08    | 0.01%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Johnson City Health & Educational Facilities Board                                                                  | Johnson City Health & Educational Facilities Board, Series 2000 A                                                        | CUSIP: 478271ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19365000 | PA      | $15061341.77  | 0.29%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                                | County of Jefferson, Series 2013 E                                                                                       | CUSIP: 472682RP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13465000 | PA      | $8820677.78   | 0.17%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Veranda Community Development District II                                                                           | Veranda Community Development District II, Series 2021                                                                   | CUSIP: 92338HAN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $193882.79    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                                                     | City of Anna, Series 2021                                                                                                | CUSIP: 035713AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    867000 | PA      | $716702.86    | 0.01%             | 2041-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eden Hills Community Development District                                                                           | Eden Hills Community Development District, Series 2022                                                                   | CUSIP: 279449AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1362959.49   | 0.03%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2021                                                                         | CUSIP: 51265KFD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $315015.25    | 0.01%             | 2041-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Artisan Lakes East Community Development District                                                                   | Artisan Lakes East Community Development District, Series 2021-1                                                         | CUSIP: 04316FAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $351317.33    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Astonia Community Development District                                                                              | Astonia Community Development District, Series 2021                                                                      | CUSIP: 04625DAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $180496.82    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                    | City of Hutto, Series 2021                                                                                               | CUSIP: 448529AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3479000 | PA      | $2696532.54   | 0.05%             | 2056-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2022                                                                                                | CUSIP: 50156CAY6<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    501000 | PA      | $456365.26    | 0.01%             | 2041-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Berry Bay Community Development District                                                                            | Berry Bay Community Development District, Series 2021                                                                    | CUSIP: 08577CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $185129.58    | 0.00%             | 2026-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Cypress Park Estates Community Development District                                                                 | Cypress Park Estates Community Development District, Series 2022                                                         | CUSIP: 23280FAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $398464.20    | 0.01%             | 2032-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019                       | CUSIP: 54628CJA1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   5910000 | PA      | $4891983.00   | 0.09%             | 2044-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Villamar Community Development District                                                                             | Villamar Community Development District, Series 2022                                                                     | CUSIP: 92715KAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $555126.36    | 0.01%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                         | Washington State Housing Finance Commission, Series 2021 A                                                               | CUSIP: 939783G83<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |  15070000 | PA      | $11098949.51  | 0.21%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triple Creek Community Development District                                                                         | Triple Creek Community Development District, Series 2021                                                                 | CUSIP: 89677RAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $210906.18    | 0.00%             | 2031-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                                                 | City of Crandall, Series 2021                                                                                            | CUSIP: 224384AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1144000 | PA      | $1048463.30   | 0.02%             | 2041-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Glen Community Development District                                                                           | River Glen Community Development District, Series 2021                                                                   | CUSIP: 76830AAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $772126.00    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Storey Creek Community Development District                                                                         | Storey Creek Community Development District, Series 2022                                                                 | CUSIP: 86216CAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976831.40    | 0.02%             | 2052-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LTC Ranch West Residential Community Development District                                                           | LTC Ranch West Residential Community Development District, Series 2021 A                                                 | CUSIP: 50218SAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $950786.88    | 0.02%             | 2041-05-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Lawson Dunes Community Development District                                                                         | Lawson Dunes Community Development District, Series 2022                                                                 | CUSIP: 520719AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $940749.00    | 0.02%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Groves Community Development District No. 5                                                                | Southern Groves Community Development District No. 5                                                                     | CUSIP: 843021AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007778.20   | 0.02%             | 2049-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2021                                                               | CUSIP: 83005TAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $263126.65    | 0.01%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Rowlett TX                                                                                                  | City of Rowlett, Series 2021                                                                                             | CUSIP: 779719AF0<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    200000 | PA      | $175901.66    | 0.00%             | 2031-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| DG Farms Community Development District                                                                             | DG Farms Community Development District, Series 2020                                                                     | CUSIP: 23290TAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $249503.31    | 0.00%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                                                    | City of Manor, Series 2021                                                                                               | CUSIP: 564099AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $524654.90    | 0.01%             | 2041-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DG Farms Community Development District                                                                             | DG Farms Community Development District, Series 2020                                                                     | CUSIP: 23290TAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94817.05     | 0.00%             | 2025-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2021                                                               | CUSIP: 83005TBF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1572327.25   | 0.03%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Sachse TX                                                                                                   | City of Sachse, Series 2020                                                                                              | CUSIP: 785756AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1830149.38   | 0.03%             | 2040-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CFM Community Development District                                                                                  | CFM Community Development District, Series 2021                                                                          | CUSIP: 15721RAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $977283.21    | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Murphy Creek Metropolitan District No. 4                                                                            | Murphy Creek Metropolitan District No. 4, Series 2021                                                                    | CUSIP: 626656AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6530641.60   | 0.12%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stellar North Community Development District                                                                        | Stellar North Community Development District, Series 2021                                                                | CUSIP: 85857KAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $639587.02    | 0.01%             | 2041-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Sandridge Community Development District                                                                            | Sandridge Community Development District, Series 2021 A-1                                                                | CUSIP: 80007LAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $659926.58    | 0.01%             | 2031-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2020                                                                                          | CUSIP: 780870AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $524506.03    | 0.01%             | 2050-09-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Kindred Community Development District II                                                                           | Kindred Community Development District II, Series 2021                                                                   | CUSIP: 494581AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1395987.12   | 0.03%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 611                                                           | City of Las Vegas, Series 2020                                                                                           | CUSIP: 51778CAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $389554.02    | 0.01%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                                       | Main Street Natural Gas, Inc., Series 2019 A                                                                             | CUSIP: 56035DBW1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6007756.80   | 0.11%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                                               | Louisiana Public Facilities Authority, Series 2020 A-2                                                                   | CUSIP: 546399JY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9527794.00   | 0.18%             | 2057-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LT Ranch Community Development District                                                                             | LT Ranch Community Development District                                                                                  | CUSIP: 54912EAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5685000 | PA      | $5705058.39   | 0.11%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Towne Park Community Development District                                                                           | Towne Park Community Development District, Series 2020                                                                   | CUSIP: 89215RAX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $893070.87    | 0.02%             | 2040-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Jefferson Center Metropolitan District No. 1                                                                        | Jefferson Center Metropolitan District No. 1, Series 2020 A-2                                                            | CUSIP: 47248EAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $480174.57    | 0.01%             | 2040-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Juban Trails Community Development District                                                                         | Juban Trails Community Development District, Series 2022                                                                 | CUSIP: 48129XAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93277.19     | 0.00%             | 2027-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                                                          | Riverside County Transportation Commission, Series 2013 B                                                                | CUSIP: 76912DAP3<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $3504527.95   | 0.07%             | 2033-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                         | Washington State Housing Finance Commission, Series A                                                                    | CUSIP: 939783TJ5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1842332.85   | 0.04%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                           | New Jersey Economic Development Authority, Series AAA                                                                    | CUSIP: 64577BTJ3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3583401.15   | 0.07%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Park Isle Community Development District                                                                      | North Park Isle Community Development District, Series 2021                                                              | CUSIP: 661416AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1927914.25   | 0.04%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Venus TX                                                                                                    | City of Venus, Series 2021                                                                                               | CUSIP: 92334AAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $830767.84    | 0.02%             | 2041-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Astonia Community Development District                                                                              | Astonia Community Development District, Series 2020                                                                      | CUSIP: 04625DAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $462344.44    | 0.01%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Center Metropolitan District No. 1                                                                        | Jefferson Center Metropolitan District No. 1, Series 2020 A-2                                                            | CUSIP: 47248EAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $914794.43    | 0.02%             | 2047-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Sinton TX                                                                                                   | City of Sinton, Series 2022                                                                                              | CUSIP: 829366AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    381000 | PA      | $361231.97    | 0.01%             | 2027-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2020                                                                                           | CUSIP: 742400AV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $175626.56    | 0.00%             | 2030-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                                                                              | Vermont Economic Development Authority, Series 2021 A                                                                    | CUSIP: 92415TCB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2101484.55   | 0.04%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westside Haines City Community Development District                                                                 | Westside Haines City Community Development District, Series 2021                                                         | CUSIP: 96150AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $231930.05    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                           | New Jersey Economic Development Authority, Series 1999                                                                   | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  25000000 | PA      | $25083305.00  | 0.48%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima (The)                                                        | Industrial Development Authority of the County of Pima (The), Series 2022 B-1                                            | CUSIP: 72178AAK8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4020498.40   | 0.08%             | 2031-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                              | North Carolina Medical Care Commission, Series 2020 A                                                                    | CUSIP: 65820YRS7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1371755.25   | 0.03%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                                                               | City of Fort Worth, Series 2017                                                                                          | CUSIP: 349506AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1227117.82   | 0.02%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verano No. 3 Community Development District                                                                         | Verano No. 3 Community Development District, Series 2022                                                                 | CUSIP: 92337NAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1522461.22   | 0.03%             | 2052-11-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series E-3                                                                         | CUSIP: 74526QD82<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1989500 | PA      | $1551810.00   | 0.03%             | 2022-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CDR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $350410.09    | 0.01%             | 2041-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Rivington Community Development District                                                                            | Rivington Community Development District, Series 2022                                                                    | CUSIP: 769656AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4365000 | PA      | $3347906.55   | 0.06%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Lakewood Village TX                                                                                         | Town of Lakewood Village, Series 2022                                                                                    | CUSIP: 51270AAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2241481.44   | 0.04%             | 2052-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Quail Roost Community Development District                                                                          | Quail Roost Community Development District, Series 2021                                                                  | CUSIP: 74737QAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $163594.68    | 0.00%             | 2031-12-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| City of Sachse TX                                                                                                   | City of Sachse, Series 2020                                                                                              | CUSIP: 785756AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $350165.59    | 0.01%             | 2030-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Mclendon-Chisholm TX                                                                                        | City of Mclendon-Chisholm, Series 2022                                                                                   | CUSIP: 582153BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2581353.63   | 0.05%             | 2052-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Zephyr Lakes Community Development District                                                                         | Zephyr Lakes Community Development District, Series 2021                                                                 | CUSIP: 98944TAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $504422.44    | 0.01%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 10                                                                       | Village Community Development District No. 10, Series 2014                                                               | CUSIP: 92707CAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1523475.36   | 0.03%             | 2031-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                                                         | Ohio Higher Educational Facility Commission, Series 2020 A                                                               | CUSIP: 67756DXM3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1292371.82   | 0.02%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sunbridge Stewardship District                                                                                      | Sunbridge Stewardship District, Series 2022                                                                              | CUSIP: 86709HAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350213.19    | 0.01%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Quail Roost Community Development District                                                                          | Quail Roost Community Development District, Series 2021                                                                  | CUSIP: 74737QAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $1830332.70   | 0.03%             | 2051-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Karl's Farm Metropolitan District No. 2                                                                             | Karl's Farm Metropolitan District No. 2, Series 2020 A(3)                                                                | CUSIP: 48565KAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1715986.71   | 0.03%             | 2050-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2019 B                                                                                         | CUSIP: 4521525P2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2279253.60   | 0.04%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                                      | New Jersey Transportation Trust Fund Authority, Series 2008 A                                                            | CUSIP: 646136WK3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  46750000 | PA      | $21141799.25  | 0.40%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Buckhead Trails Community Development District                                                                      | Buckhead Trails Community Development District, Series 2022                                                              | CUSIP: 11836UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1361488.25   | 0.03%             | 2052-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1                                                                   | North Parkway Municipal Management District No. 1, Series 2021                                                           | CUSIP: 661441AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $953286.50    | 0.02%             | 2026-09-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                                                       | Sierra Vista Industrial Development Authority, Series 2022 A                                                             | CUSIP: 82652PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2327000 | PA      | $1813574.21   | 0.03%             | 2056-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Highway & Transportation Authority                                                                      | Puerto Rico Highway & Transportation Authority, Series 2007 N                                                            | CUSIP: 745190ZS0<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | PR        |    700000 | PA      | $694203.44    | 0.01%             | 2036-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                                                                  | County of Clark, Series 2001-2007                                                                                        | CUSIP: 181003HZ0<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    980000 | PA      | $980585.35    | 0.02%             | 2031-02-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Lawson Dunes Community Development District                                                                         | Lawson Dunes Community Development District, Series 2022                                                                 | CUSIP: 520719AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1390866.45   | 0.03%             | 2052-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| District of Columbia Tobacco Settlement Financing Corp.                                                             | District of Columbia, Series 2001                                                                                        | CUSIP: 254842AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2975417.98   | 0.06%             | 2033-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2021                                                               | CUSIP: 83005TBA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1192011.61   | 0.02%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                                                    | City of Manor, Series 2021                                                                                               | CUSIP: 564099AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $999293.51    | 0.02%             | 2051-09-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 814                                                           | City of Las Vegas, Series 2019                                                                                           | CUSIP: 51778UAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $627491.29    | 0.01%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                                                               | Children's Trust Fund                                                                                                    | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   9500000 | PA      | $9476278.50   | 0.18%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rivington Community Development District                                                                            | Rivington Community Development District, Series 2020                                                                    | CUSIP: 769656AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1354605.22   | 0.03%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                                            | Massachusetts Development Finance Agency, Series 2013 A                                                                  | CUSIP: 57583UXP8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1284000 | PA      | $1324716.15   | 0.03%             | 2028-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2020                                                                                           | CUSIP: 742400AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $159698.65    | 0.00%             | 2030-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2022                                                                                        | CUSIP: 530575AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $643315.95    | 0.01%             | 2032-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Edgewater East Community Development District                                                                       | Edgewater East Community Development District, Series 2022                                                               | CUSIP: 280286AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3320022.00   | 0.06%             | 2042-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                                                                                 | County of Medina, Series 2021                                                                                            | CUSIP: 584735AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1061628.17   | 0.02%             | 2050-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                                                            | Texas Transportation Commission, Series 2019 A                                                                           | CUSIP: 88283NAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $801165.90    | 0.02%             | 2046-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1                                                                   | North Parkway Municipal Management District No. 1, Series 2021                                                           | CUSIP: 66144PAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $220556.75    | 0.00%             | 2031-09-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $297315.57    | 0.01%             | 2032-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| First Creek Village Metropolitan District                                                                           | First Creek Village Metropolitan District, Series 2019 A                                                                 | CUSIP: 319617AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $578189.70    | 0.01%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Uhland TX                                                                                                   | City of Uhland, Series 2022                                                                                              | CUSIP: 90352SAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3106279.50   | 0.06%             | 2052-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| North Powerline Road Community Development District                                                                 | North Powerline Road Community Development District, Series 2020                                                         | CUSIP: 66173PAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $430368.52    | 0.01%             | 2030-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                                                              | County of Frederick, Series 2019                                                                                         | CUSIP: 355612AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1174999.53   | 0.02%             | 2039-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1724925 | PA      | $1766723.90   | 0.03%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2020                                                                                              | CUSIP: 15114CCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $853683.80    | 0.02%             | 2035-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2019                                                                                          | CUSIP: 780870AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1367705.38   | 0.03%             | 2049-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CEL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1755183.48   | 0.03%             | 2041-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Georgetown TX                                                                                               | City of Georgetown, Series 2022                                                                                          | CUSIP: 373057AB4<br>LEI: 549300BSO7ULYERIVM97 | Long             | DBT              | MUN               | US        |    409000 | PA      | $367509.08    | 0.01%             | 2032-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                                                   | Philadelphia Authority for Industrial Development, Series A                                                              | CUSIP: 717824AR7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2478004.50   | 0.05%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                                            | New Hampshire Business Finance Authority, Series 2020 A                                                                  | CUSIP: 63607YAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5940000 | PA      | $4835603.12   | 0.09%             | 2055-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1740691 | PA      | $1765819.96   | 0.03%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 14                                                                       | Village Community Development District No. 14, Series 2022                                                               | CUSIP: 92708JAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13109478.20  | 0.25%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1                                                                   | North Parkway Municipal Management District No. 1, Series 2021                                                           | CUSIP: 66144PAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $851779.60    | 0.02%             | 2041-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kirkwood Industrial Development Authority                                                                           | Kirkwood Industrial Development Authority, Series 2017 A                                                                 | CUSIP: 497609BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $866041.70    | 0.02%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                                 | Wisconsin Health & Educational Facilities Authority, Series 2018 C                                                       | CUSIP: 97671VBN4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $640626.70    | 0.01%             | 2043-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2021                                                               | CUSIP: 83005TAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $443508.94    | 0.01%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2021                                                               | CUSIP: 83005TBK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $502377.73    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Liberty Hill TX                                                                                             | City of Liberty Hill, Series 2022                                                                                        | CUSIP: 530575AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1771000 | PA      | $1374798.79   | 0.03%             | 2042-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Eden Hills Community Development District                                                                           | Eden Hills Community Development District, Series 2020                                                                   | CUSIP: 279449AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $394807.70    | 0.01%             | 2051-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Coddington Community Development District                                                                           | Coddington Community Development District, Series 2022                                                                   | CUSIP: 19189EAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $626958.37    | 0.01%             | 2042-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DW Bayview Community Development District                                                                           | DW Bayview Community Development District, Series 2022                                                                   | CUSIP: 23342SAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $177389.75    | 0.00%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Saddle Creek Preserve of Polk County Community Development District                                                 | Saddle Creek Preserve of Polk County Community Development District, Series 2020                                         | CUSIP: 786230AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $217150.38    | 0.00%             | 2030-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2022 C                                                                                         | CUSIP: 452153EQ8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4645000 | PA      | $4883733.96   | 0.09%             | 2044-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2017                                                                                    | CUSIP: 74444VAD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $3482884.40   | 0.07%             | 2052-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wind Meadows South Community Development District                                                                   | Wind Meadows South Community Development District, Series 2021                                                           | CUSIP: 97316TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $211853.48    | 0.00%             | 2031-05-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| East 547 Community Development District                                                                             | East 547 Community Development District, Series 2021                                                                     | CUSIP: 27042KAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1367423.94   | 0.03%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                                                                                 | County of Medina, Series 2021                                                                                            | CUSIP: 584735AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $357352.40    | 0.01%             | 2031-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Parkview at Long Lake Ranch Community Development District                                                          | Parkview at Long Lake Ranch Community Development District, Series 2020                                                  | CUSIP: 70149AAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $760969.40    | 0.01%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Johnstown Plaza Metropolitan District                                                                               | Johnstown Plaza Metropolitan District, Series 2022                                                                       | CUSIP: 479706AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $6743146.05   | 0.13%             | 2046-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                               | Villages of Glen Creek Community Development District, Series 2022                                                       | CUSIP: 92716AAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $122403.89    | 0.00%             | 2027-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                             | Michigan Strategic Fund, Series 2021                                                                                     | CUSIP: 594698SM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1124400.13   | 0.02%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North River Ranch Community Development District                                                                    | North River Ranch Community Development District, Series 2020 A-1                                                        | CUSIP: 662008AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $431171.33    | 0.01%             | 2025-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                                            | New Hampshire Business Finance Authority, Series 2020 A                                                                  | CUSIP: 63607YAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2333870.68   | 0.04%             | 2046-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Gracewater Sarasota Community Development District                                                                  | Gracewater Sarasota Community Development District, Series 2021                                                          | CUSIP: 38410UAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $423706.95    | 0.01%             | 2031-05-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A-2                                                                              | CUSIP: 14054CEL9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    750000 | PA      | $577010.03    | 0.01%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2021 A                                                                                  | CUSIP: 74442EHD5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2025681.04   | 0.04%             | 2056-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                                                           | Harris County Cultural Education Facilities Finance Corp., Series 2016                                                   | CUSIP: 414009LE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4241261.00   | 0.08%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2020                                                                                                | CUSIP: 50156CAJ9<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1021664.37   | 0.02%             | 2044-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Berry Bay Community Development District                                                                            | Berry Bay Community Development District, Series 2021                                                                    | CUSIP: 08577CAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $344535.76    | 0.01%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Meadowlark Metropolitan District                                                                                    | Meadowlark Metropolitan District, Series 2020 A                                                                          | CUSIP: 583213AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $639623.48    | 0.01%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                         | Washington State Housing Finance Commission, Series 2020 A                                                               | CUSIP: 939783D29<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4429228.20   | 0.08%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2021                                                                                          | CUSIP: 59785RAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $365815.42    | 0.01%             | 2041-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Crandall TX                                                                                                 | City of Crandall, Series 2022                                                                                            | CUSIP: 224384AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    528000 | PA      | $536069.90    | 0.01%             | 2032-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                                                             | Tolomato Community Development District, Series 2022 B                                                                   | CUSIP: 889560EL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1255755.75   | 0.02%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Michigan Tobacco Settlement Finance Authority                                                                       | Michigan Tobacco Settlement Finance Authority, Series 2007 B                                                             | CUSIP: 594751AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26990000 | PA      | $2936144.94   | 0.06%             | 2052-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp.                                                                        | Mesquite Health Facilities Development Corp., Series 2014                                                                | CUSIP: 590743CC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3112500.00   | 0.06%             | 2042-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Mangrove Point & Mangrove Manor Community Development District                                                      | Mangrove Point & Mangrove Manor, Series 2022                                                                             | CUSIP: 56271TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $323701.08    | 0.01%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Nassau Stewardship District                                                                                    | East Nassau Stewardship District, Series 2021                                                                            | CUSIP: 273794AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $967169.14    | 0.02%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mesquite Health Facilities Development Corp.                                                                        | Mesquite Health Facilities Development Corp., Series 2016                                                                | CUSIP: 590743CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5175000 | PA      | $4295250.00   | 0.08%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brightwater Community Development District                                                                          | Brightwater Community Development District, Series 2021                                                                  | CUSIP: 10947YAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $541221.00    | 0.01%             | 2041-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Sanctuary Cove Community Development District                                                                       | Sanctuary Cove Community Development District, Series 2021                                                               | CUSIP: 79971TAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $591079.49    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                                                          | Chicago Board of Education, Series 2022 A                                                                                | CUSIP: 167505YB6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   4915000 | PA      | $4590419.79   | 0.09%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boggy Branch Community Development District                                                                         | Boggy Branch Community Development District, Series 2021                                                                 | CUSIP: 09720PAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $383805.81    | 0.01%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Holly Hill Road East Community Development District                                                                 | Holly Hill Road East Community Development District, Series 2020                                                         | CUSIP: 43584FAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $160977.99    | 0.00%             | 2031-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                                                        | Mississippi Development Bank, Series 2019                                                                                | CUSIP: 60534WP69<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1805309.35   | 0.03%             | 2039-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Preserve at South Branch Community Development District                                                             | Preserve at South Branch Community Development District, Series 2021                                                     | CUSIP: 74082PAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $127935.27    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District                                                                               | V-Dana Community Development District, Series 2021                                                                       | CUSIP: 91822RAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1149424.50   | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hawkstone Community Development District                                                                            | Hawkstone Community Development District, Series 2021                                                                    | CUSIP: 42034RAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $143587.09    | 0.00%             | 2026-05-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                               | Villages of Glen Creek Community Development District, Series 2022                                                       | CUSIP: 92716AAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $178057.74    | 0.00%             | 2032-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Lower Petroglyphs Public Improvement District                                                                       | Lower Petroglyphs Public Improvement District, Series 2018                                                               | CUSIP: 54844CAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $480947.40    | 0.01%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                                                    | City of Manor, Series 2021                                                                                               | CUSIP: 564099AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $698181.31    | 0.01%             | 2041-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2021 A-2                                                                     | CUSIP: 13013FBF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16500000 | PA      | $11307431.85  | 0.22%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe TX                                                                                                 | City of Santa Fe, Series 2022                                                                                            | CUSIP: 802208AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    508000 | PA      | $468565.48    | 0.01%             | 2042-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| San Francisco Salt Co.                                                                                              | City of San Francisco                                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7136316.00   | 0.14%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 816                                                           | City of Las Vegas, Series 2021                                                                                           | CUSIP: 51779AAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $625095.99    | 0.01%             | 2036-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4001000 | PA      | $4014734.23   | 0.08%             | 2052-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LTC Ranch West Residential Community Development District                                                           | LTC Ranch West Residential Community Development District, Series 2021 A                                                 | CUSIP: 50218SAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $602937.58    | 0.01%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| South Creek Community Development District                                                                          | South Creek Community Development District, Series 2021                                                                  | CUSIP: 837512AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $386606.00    | 0.01%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STC Metropolitan District No. 2                                                                                     | STC Metropolitan District No. 2, Series 2019 A                                                                           | CUSIP: 85780TAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902851.60    | 0.02%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2019 A                                                      | CUSIP: 64542QBK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1447540.16   | 0.03%             | 2051-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kaufman TX                                                                                                  | City of Kaufman, Series 2021                                                                                             | CUSIP: 486238AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $429949.06    | 0.01%             | 2041-09-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CEP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    231000 | PA      | $186188.24    | 0.00%             | 2032-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Kingman Gate Community Development District                                                                         | Kingman Gate Community Development District, Series 2021                                                                 | CUSIP: 495742AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $73655.69     | 0.00%             | 2026-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                              | North Carolina Medical Care Commission, Series 2014 A                                                                    | CUSIP: 65820YKU9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2720000 | PA      | $2544998.74   | 0.05%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Grand Oaks Community Development District                                                                           | Grand Oaks Community Development District, Series 2021                                                                   | CUSIP: 38611CAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $184413.37    | 0.00%             | 2031-11-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Balm Grove Community Development District                                                                           | Balm Grove Community Development District, Series 2022                                                                   | CUSIP: 05874FAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3125000 | PA      | $2438753.13   | 0.05%             | 2051-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2019 B                                                                                  | CUSIP: 74439YCW9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7900000 | PA      | $7215951.64   | 0.14%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |  10929915 | PA      | $9134928.94   | 0.17%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                                                    | James City County Economic Development Authority, Series 2021 A                                                          | CUSIP: 47029WDR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $726637.70    | 0.01%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                                                                        | Clackamas County Hospital Facility Authority, Series 2020 A                                                              | CUSIP: 179027YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $459505.75    | 0.01%             | 2040-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency, Series 1997 A                                                          | CUSIP: 798111DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35834000 | PA      | $44355275.03  | 0.84%             | 2045-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Gracewater Sarasota Community Development District                                                                  | Gracewater Sarasota Community Development District, Series 2021                                                          | CUSIP: 38410UAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $230036.93    | 0.00%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Severance Shores Metropolitan District No. 4                                                                        | Severance Shores Metropolitan District No. 4, Series 2020 A                                                              | CUSIP: 818112AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2643578.81   | 0.05%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                           | New Jersey Economic Development Authority, Series 2020                                                                   | CUSIP: 64577XBH8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2274666.30   | 0.04%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota                                                  | Housing & Redevelopment Authority of The City of St. Paul Minnesota, Series 2021 A                                       | CUSIP: 792908DF9<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    100000 | PA      | $81306.05     | 0.00%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                                                       | Henrico County Economic Development Authority, Series 2019 A                                                             | CUSIP: 42605QGP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4065000 | PA      | $3652834.20   | 0.07%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Creek Community Development District                                                                          | South Creek Community Development District, Series 2021                                                                  | CUSIP: 837512AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $368369.50    | 0.01%             | 2041-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2020 A                                                                                  | CUSIP: 74444VAV2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1505016.14   | 0.03%             | 2045-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New Braunfels TX                                                                                            | City of New Braunfels, Series 2021                                                                                       | CUSIP: 642573AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    882000 | PA      | $752461.81    | 0.01%             | 2041-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Sandmine Road Community Development District                                                                        | Sandmine Road Community Development District, Series 2021                                                                | CUSIP: 800063AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $181159.64    | 0.00%             | 2026-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A-2                                                                              | CUSIP: 14054CEN5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    750000 | PA      | $511039.35    | 0.01%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Flower Mound TX                                                                                             | Town of Flower Mound, Series 2021                                                                                        | CUSIP: 34348RAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2030236.11   | 0.04%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                                                                 | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series 2021 B                                                       | CUSIP: 745160TH4<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2500000 | PA      | $2119361.00   | 0.04%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1403106.71   | 0.03%             | 2052-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CFM Community Development District                                                                                  | CFM Community Development District, Series 2021                                                                          | CUSIP: 15721RAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $174828.06    | 0.00%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| 9th Avenue Metropolitan District No. 2                                                                              | 9th Avenue Metropolitan District No. 2, Series 2018                                                                      | CUSIP: 65448PAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7420000 | PA      | $6526145.25   | 0.12%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                                                            | Cleveland-Cuyahoga County Port Authority, Series 2021 B                                                                  | CUSIP: 18611HAA3<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1176037.80   | 0.02%             | 2055-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2018                                                            | CUSIP: 130536RF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1213395.06   | 0.02%             | 2028-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2020 A                                                                       | CUSIP: 51265KEE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $587648.06    | 0.01%             | 2050-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Rustic Oaks Community Development District                                                                          | Rustic Oaks Community Development District, Series 2022                                                                  | CUSIP: 783089AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1549582.60   | 0.03%             | 2042-05-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                    | City of Hutto, Series 2021                                                                                               | CUSIP: 448529AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    519000 | PA      | $402980.51    | 0.01%             | 2041-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A                                                                                | CUSIP: 14054CDZ9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $81933.34     | 0.00%             | 2031-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  25400000 | PA      | $6401437.54   | 0.12%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Seminole County Industrial Development Authority                                                                    | Seminole County Industrial Development Authority, Series 2021 A                                                          | CUSIP: 816686AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $344642.06    | 0.01%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A                                                                                | CUSIP: 14054CEB1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    540000 | PA      | $376865.73    | 0.01%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Summer Woods Community Development District                                                                         | Summer Woods Community Development District, Series 2021                                                                 | CUSIP: 865657AN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $254395.94    | 0.00%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1769144 | PA      | $1421908.45   | 0.03%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                                                         | Military Installation Development Authority, Series 2021 A-2                                                             | CUSIP: 599772AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1896237.23   | 0.04%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hutto TX                                                                                                    | City of Hutto, Series 2021                                                                                               | CUSIP: 448529AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $795640.90    | 0.02%             | 2041-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Epperson North Community Development District                                                                       | Epperson North Community Development District, Series 2021 A                                                             | CUSIP: 29429VAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $425340.30    | 0.01%             | 2031-11-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019                       | CUSIP: 54628CJD5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   4316730 | PA      | $3308404.65   | 0.06%             | 2043-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Conroe Local Government Corp.                                                                                       | Conroe Local Government Corp., Series 2021 B                                                                             | CUSIP: 208419AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $990279.60    | 0.02%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                                                       | Henrico County Economic Development Authority, Series 2019 A                                                             | CUSIP: 42605QGN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3252486.57   | 0.06%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-2                                                                        | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  49093000 | PA      | $44474355.11  | 0.85%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Town of Little Elm TX                                                                                               | Town of Little Elm, Series 2022                                                                                          | CUSIP: 537098BU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    529000 | PA      | $408341.13    | 0.01%             | 2042-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Zephyr Lakes Community Development District                                                                         | Zephyr Lakes Community Development District, Series 2021                                                                 | CUSIP: 98944TAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $161569.00    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Dayton TX                                                                                                   | City of Dayton, Series 2022 A                                                                                            | CUSIP: 240094AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    269000 | PA      | $261059.52    | 0.00%             | 2032-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2019 C                                                                                         | CUSIP: 4521525V9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1335632.28   | 0.03%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rhodine Road North Community Development District                                                                   | Rhodine Road North Community Development District, Series 2022                                                           | CUSIP: 762402AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $818873.07    | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triple Creek Community Development District                                                                         | Triple Creek Community Development District, Series 2021                                                                 | CUSIP: 89677RBC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $131723.08    | 0.00%             | 2026-11-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                                                            | Metropolitan Pier & Exposition Authority, Series 1996                                                                    | CUSIP: 592249AC0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $4241582.67   | 0.08%             | 2026-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sandmine Road Community Development District                                                                        | Sandmine Road Community Development District, Series 2021                                                                | CUSIP: 800063AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $866948.12    | 0.02%             | 2041-11-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                                                              | City of Minneapolis, Series 2015                                                                                         | CUSIP: 603787AL6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2549881.04   | 0.05%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Enbrook Community Development District                                                                              | Enbrook Community Development District, Series 2020                                                                      | CUSIP: 29250GAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $888371.90    | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                                                               | County of Franklin, Series 2020                                                                                          | CUSIP: 353180LK6<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2711329.94   | 0.05%             | 2040-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Steel Point Infrastructure Improvement District                                                                     | Steel Point Infrastructure Improvement District, Series 2021                                                             | CUSIP: 85814YAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93306.86     | 0.00%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Celebration Community Development District                                                                          | Celebration Community Development District, Series 2021                                                                  | CUSIP: 151001ED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $200143.82    | 0.00%             | 2031-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Scenic Highway Community Development District                                                                       | Scenic Highway Community Development District, Series 2020                                                               | CUSIP: 806193AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $963787.50    | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                                                              | County of Frederick, Series 2020 B                                                                                       | CUSIP: 35571LCD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $313026.01    | 0.01%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Farmville Industrial Development Authority                                                                          | Farmville Industrial Development Authority, Series 2018 A                                                                | CUSIP: 311617AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $474646.85    | 0.01%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2020                                                               | CUSIP: 83005TAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1178650.41   | 0.02%             | 2040-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Royse City TX                                                                                               | City of Royse City, Series 2022                                                                                          | CUSIP: 780870BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    589000 | PA      | $582155.11    | 0.01%             | 2042-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                                                                  | County of Clark, Series 2001-2007                                                                                        | CUSIP: 181003HY3<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1031158.44   | 0.02%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Two Rivers North Community Development District                                                                     | Two Rivers North Community Development District, Series 2022                                                             | CUSIP: 90207GAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1885801.20   | 0.04%             | 2052-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Ysidro School District                                                                                          | San Ysidro School District, Series 2015                                                                                  | CUSIP: 799561LZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $3640181.00   | 0.07%             | 2042-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                           | New York Transportation Development Corp., Series 2016 A                                                                 | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  41785000 | PA      | $41508897.26  | 0.79%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North River Ranch Community Development District                                                                    | North River Ranch Community Development District, Series 2020 A-1                                                        | CUSIP: 662008AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $769919.81    | 0.01%             | 2030-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                                                                  | West Villages Improvement District, Series 2021                                                                          | CUSIP: 956454BW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $147720.22    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Southern Groves Community Development District No. 5                                                                | Southern Groves Community Development District No. 5, Series 2021                                                        | CUSIP: 843021AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $343294.19    | 0.01%             | 2031-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Village Metropolitan District (The)                                                                                 | Village Metropolitan District (The), Series 2020                                                                         | CUSIP: 92708CAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1606984.23   | 0.03%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Plano TX                                                                                                    | City of Plano, Series 2021                                                                                               | CUSIP: 727220AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2343000 | PA      | $1829428.22   | 0.03%             | 2051-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Oaks Community Development District                                                                           | Grand Oaks Community Development District, Series 2020                                                                   | CUSIP: 38611CAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $960576.87    | 0.02%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                              | Tempe Industrial Development Authority, Series 2021 B                                                                    | CUSIP: 87972MBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4260000 | PA      | $2803552.01   | 0.05%             | 2056-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                                | County of Jefferson, Series 2013 E                                                                                       | CUSIP: 472682RW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7350000 | PA      | $5213805.56   | 0.10%             | 2028-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MidCity Improvement District                                                                                        | MidCity Improvement District, Series 2022                                                                                | CUSIP: 59564KAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $858644.23    | 0.02%             | 2042-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cordova Palms Community Development District                                                                        | Cordova Palms Community Development District, Series 2021                                                                | CUSIP: 21864YAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $855989.73    | 0.02%             | 2041-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kingman Gate Community Development District                                                                         | Kingman Gate Community Development District, Series 2021                                                                 | CUSIP: 495742AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $214791.75    | 0.00%             | 2031-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Dallas Area Municipal Authority                                                                                     | Dallas Area Municipal Authority, Series 2019                                                                             | CUSIP: 235171AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1072012.37   | 0.02%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Transit Metropolitan District No. 2                                                                     | Clear Creek Transit Metropolitan District No. 2, Series 2021 A                                                           | CUSIP: 184542AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $519053.77    | 0.01%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority                                                                    | Franklin County Industrial Development Authority, Series 2018                                                            | CUSIP: 353273BY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $3784359.74   | 0.07%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series 2018 A                                                                                | CUSIP: 45204ER83<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  10810000 | PA      | $9146316.14   | 0.17%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2022                                                                                           | CUSIP: 742400BV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    382000 | PA      | $375541.53    | 0.01%             | 2032-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Rhodine Road North Community Development District                                                                   | Rhodine Road North Community Development District, Series 2022                                                           | CUSIP: 762402AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $113078.94    | 0.00%             | 2027-05-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority                                                                                 | Travis County Development Authority, Series 2022                                                                         | CUSIP: 89441AAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    868000 | PA      | $851365.73    | 0.02%             | 2042-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2022                                                                                          | CUSIP: 59785RAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    309000 | PA      | $298100.55    | 0.01%             | 2032-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Meadow View at Twin Creeks Community Development District                                                           | Meadow View at Twin Creeks Community Development District, Series 2021                                                   | CUSIP: 583188AW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $133421.42    | 0.00%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                                                             | Puerto Rico Sales Tax Financing Corp., Series A-1                                                                        | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  62090000 | PA      | $58911656.36  | 1.12%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                                                   | Philadelphia Authority for Industrial Development, Series 2021 A                                                         | CUSIP: 71780CBH2<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1169049.76   | 0.02%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Red Oak TX                                                                                                  | City of Red Oak, Series 2021                                                                                             | CUSIP: 756848AB3<br>LEI: 549300VOCS0JLIVKWD34 | Long             | DBT              | MUN               | US        |    354000 | PA      | $291661.34    | 0.01%             | 2031-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp.                                                                                              | Mississippi Home Corp., Series 2021 D-8                                                                                  | CUSIP: 60535NCX3<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   5515000 | PA      | $3765065.13   | 0.07%             | 2062-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Downtown Doral South Community Development District                                                                 | Downtown Doral South Community Development District, Series 2018                                                         | CUSIP: 26115PAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5310000 | PA      | $4939522.89   | 0.09%             | 2048-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2020                                                                                              | CUSIP: 15114CDJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $343762.99    | 0.01%             | 2040-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Gracewater Sarasota Community Development District                                                                  | Gracewater Sarasota Community Development District, Series 2021                                                          | CUSIP: 38410UAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1180253.67   | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                  | South Carolina Jobs-Economic Development Authority, Series 2018 A                                                        | CUSIP: 83704CAZ1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $9379612.00   | 0.18%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kingman Gate Community Development District                                                                         | Kingman Gate Community Development District, Series 2020                                                                 | CUSIP: 495742AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $328625.55    | 0.01%             | 2030-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Waterfront at Foster Lake Metropolitan District No. 2                                                               | Waterfront at Foster Lake Metropolitan District No. 2, Series 2022                                                       | CUSIP: 941567AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5439196.20   | 0.10%             | 2028-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                                                            | Metropolitan Pier & Exposition Authority, Series 2010 B-1                                                                | CUSIP: 592248BC1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  18100000 | PA      | $6053508.80   | 0.12%             | 2045-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Reunion Metropolitan District                                                                                       | Reunion Metropolitan District, Series 2021 A                                                                             | CUSIP: 76133UAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $4502026.88   | 0.09%             | 2044-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Willow Bend Metropolitan District                                                                                   | Willow Bend Metropolitan District, Series 2019 A                                                                         | CUSIP: 97111VAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $879027.00    | 0.02%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress Bluff Community Development District                                                                        | Cypress Bluff Community Development District, Series 2020 A                                                              | CUSIP: 232677AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $628465.44    | 0.01%             | 2040-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                               | Metropolitan Transportation Authority, Series 2016 A-1                                                                   | CUSIP: 59261ACW5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4765000 | PA      | $4804258.36   | 0.09%             | 2056-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                                                      | E-470 Public Highway Authority, Series 2004 A                                                                            | CUSIP: 26822LEN0<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $12147324.00  | 0.23%             | 2028-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Parkview at Long Lake Ranch Community Development District                                                          | Parkview at Long Lake Ranch Community Development District, Series 2020                                                  | CUSIP: 70149AAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $617700.80    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Tammany Parish Finance Authority                                                                                 | St. Tammany Parish Finance Authority, Series 2014                                                                        | CUSIP: 793499BC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1201506.84   | 0.02%             | 2029-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 A-1                                                                   | CUSIP: 126292CH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16000000 | PA      | $10716588.80  | 0.20%             | 2048-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                                                                                 | County of Medina, Series 2021                                                                                            | CUSIP: 584735AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $916844.64    | 0.02%             | 2041-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                    | Lakes of Sarasota Community Development District, Series 2021 A-2                                                        | CUSIP: 51206YAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $514383.46    | 0.01%             | 2031-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Aubrey TX                                                                                                   | City of Aubrey, Series 2022                                                                                              | CUSIP: 050197AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    852000 | PA      | $855921.07    | 0.02%             | 2032-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northwood Municipal Utility District No. 1                                                                          | Northwood Municipal Utility District No. 1, Series 2020                                                                  | CUSIP: 668511BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $753326.79    | 0.01%             | 2025-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series C                                                                                     | CUSIP: 45204EVP0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1927639.68   | 0.04%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government                                                                     | Wyandotte County-Kansas City Unified Government, Series 2018                                                             | CUSIP: 982707AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1461008.77   | 0.03%             | 2040-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Rolling Hills Community Development District                                                                        | Rolling Hills Community Development District, Series 2022 A-1                                                            | CUSIP: 775658AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $724804.51    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Club Municipal Management District No. 1                                                                            | Club Municipal Management District No. 1, Series 2021                                                                    | CUSIP: 18948PAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $158186.12    | 0.00%             | 2026-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Ferris TX                                                                                                   | City of Ferris, Series 2022                                                                                              | CUSIP: 315388AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    926000 | PA      | $755647.39    | 0.01%             | 2032-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Henderson Local Improvement Districts                                                                               | Henderson Local Improvement Districts, Series 2022                                                                       | CUSIP: 425208WF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $387488.00    | 0.01%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2014                                                        | CUSIP: 64542UAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2738433.28   | 0.05%             | 2043-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1                                                                   | North Parkway Municipal Management District No. 1, Series 2021                                                           | CUSIP: 661441AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $5715548.75   | 0.11%             | 2051-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coral Keys Homes Community Development District                                                                     | Coral Keys Homes Community Development District, Series 2020                                                             | CUSIP: 217898AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $482431.76    | 0.01%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                                                               | City of Fort Worth, Series 2017                                                                                          | CUSIP: 349506AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1567932.96   | 0.03%             | 2037-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Veranda Community Development District II                                                                           | Veranda Community Development District II, Series 2021                                                                   | CUSIP: 92338HAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $472410.77    | 0.01%             | 2041-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Storey Drive Community Development District                                                                         | Storey Drive Community Development District, Series 2022                                                                 | CUSIP: 86216HAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $179575.14    | 0.00%             | 2027-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Tern Bay Community Development District                                                                             | Tern Bay Community Development District, Series 2022                                                                     | CUSIP: 88088EAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $2980756.08   | 0.06%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Waterset South Community Development District                                                                       | Waterset South Community Development District                                                                            | CUSIP: 94186HAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $670139.72    | 0.01%             | 2053-05-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                                                  | South Carolina Jobs-Economic Development Authority, Series 2017                                                          | CUSIP: 83704CAF5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1439265.28   | 0.03%             | 2052-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County Industrial Development Authority                                                                      | Lehigh County Industrial Development Authority, Series 2021 A                                                            | CUSIP: 52481MAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $1695296.64   | 0.03%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Meadow View at Twin Creeks Community Development District                                                           | Meadow View at Twin Creeks Community Development District, Series 2021                                                   | CUSIP: 583188BD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $767635.70    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 10                                                                       | Village Community Development District No. 10, Series 2014                                                               | CUSIP: 92707CAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6415000 | PA      | $6449107.27   | 0.12%             | 2044-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2019                                                                                    | CUSIP: 74444VAM2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7600000 | PA      | $6806607.12   | 0.13%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019                       | CUSIP: 54628CJC7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2011033.86   | 0.04%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2021                                                                         | CUSIP: 51265KFB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $170043.10    | 0.00%             | 2026-05-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                                                                                 | Maryland Economic Development Corp., Series 2020                                                                         | CUSIP: 57420VRM7<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $977674.40    | 0.02%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2020 A                                                                                | CUSIP: 14054DAP2<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   3805000 | PA      | $3187904.72   | 0.06%             | 2055-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rowlett TX                                                                                                  | City of Rowlett, Series 2021                                                                                             | CUSIP: 779719AJ2<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    300000 | PA      | $272062.68    | 0.01%             | 2031-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| North Park Isle Community Development District                                                                      | North Park Isle Community Development District, Series 2021                                                              | CUSIP: 661416AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1122286.20   | 0.02%             | 2041-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                                                                   | San Diego Unified School District, Series 2012 E                                                                         | CUSIP: 797355R30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  44565000 | PA      | $32254827.88  | 0.61%             | 2042-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lake Deer Community Development District                                                                            | Lake Deer Community Development District, Series 2022                                                                    | CUSIP: 509580AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481085.00    | 0.01%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Grand Forks ND                                                                                            | County of Grand Forks, Series 2021 A                                                                                     | CUSIP: 38543PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $1717912.26   | 0.03%             | 2031-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Viera Stewardship District                                                                                          | Viera Stewardship District, Series 2021                                                                                  | CUSIP: 92670TAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1257858.53   | 0.02%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Laurel Road Community Development District                                                                          | Laurel Road Community Development District, Series 2021 A-1                                                              | CUSIP: 51888TAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $894087.89    | 0.02%             | 2041-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2022                                                                                          | CUSIP: 59785RAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1386147.03   | 0.03%             | 2052-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Union Park East Community Development District                                                                      | Union Park East Community Development District, Series 2021                                                              | CUSIP: 907874AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $281425.95    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                                                    | Maricopa County Industrial Development Authority, Series 2021 A                                                          | CUSIP: 56681NGK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $295929.03    | 0.01%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lago Vista TX                                                                                               | City of Lago Vista, Series 2020                                                                                          | CUSIP: 507081AV9<br>LEI: 5493004GT2GICXFJPF35 | Long             | DBT              | MUN               | US        |    300000 | PA      | $267432.99    | 0.01%             | 2030-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2021                                                                           | CUSIP: 34061WAW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    450000 | PA      | $421236.54    | 0.01%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brookstone Community Development District                                                                           | Brookstone Community Development District, Series 2022                                                                   | CUSIP: 114534AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $319207.62    | 0.01%             | 2032-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                                 | California Public Finance Authority, Series 2021 A                                                                       | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1061314.88   | 0.02%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tern Bay Community Development District                                                                             | Tern Bay Community Development District, Series 2022                                                                     | CUSIP: 88088EAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $4987285.55   | 0.09%             | 2052-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CEJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $231688.05    | 0.00%             | 2026-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series D                                                           | CUSIP: 64542PCN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $49500.00     | 0.00%             | 2026-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Astonia Community Development District                                                                              | Astonia Community Development District, Series 2020                                                                      | CUSIP: 04625DAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1061310.09   | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mirada II Community Development District                                                                            | Mirada II Community Development District, Series 2021                                                                    | CUSIP: 60463WAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1589248.50   | 0.03%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wiregrass II Community Development District                                                                         | Wiregrass II Community Development District, Series 2020                                                                 | CUSIP: 97655GAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1493503.54   | 0.03%             | 2050-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Verano No. 3 Community Development District                                                                         | Verano No. 3 Community Development District, Series 2021                                                                 | CUSIP: 92337NAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $560469.38    | 0.01%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   2011366 | PA      | $1104081.24   | 0.02%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sarasota National Community Development District                                                                    | Sarasota National Community Development District, Series 2020                                                            | CUSIP: 80342PAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2210000 | PA      | $1911467.23   | 0.04%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Liberty Ranch Metropolitan District                                                                                 | Liberty Ranch Metropolitan District, Series 2021 A                                                                       | CUSIP: 53117TAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6590000 | PA      | $5402725.17   | 0.10%             | 2051-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                                                         | Connecticut State Health & Educational Facilities Authority, Series F                                                    | CUSIP: 20774YW52<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $12327151.20  | 0.23%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eden Hills Community Development District                                                                           | Eden Hills Community Development District, Series 2020                                                                   | CUSIP: 279449AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $253584.51    | 0.00%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2019                                                      | CUSIP: 13081CAD0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3236243.87   | 0.06%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2021 A                                                                         | CUSIP: 34061UHZ4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1292685.27   | 0.02%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mirada II Community Development District                                                                            | Mirada II Community Development District, Series 2021                                                                    | CUSIP: 60463WAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $558091.56    | 0.01%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Scenic Terrace South Community Development District                                                                 | Scenic Terrace South Community Development District, Series 2022                                                         | CUSIP: 806205AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $704127.98    | 0.01%             | 2032-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2020                                                                         | CUSIP: 51265KER5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $575391.98    | 0.01%             | 2040-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Lake Deer Community Development District                                                                            | Lake Deer Community Development District, Series 2022                                                                    | CUSIP: 509580AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2797266.30   | 0.05%             | 2053-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2022                                                                                          | CUSIP: 59785RAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $734623.05    | 0.01%             | 2042-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Storey Park Community Development District                                                                          | Storey Park Community Development District, Series 2021                                                                  | CUSIP: 86216RAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $462510.64    | 0.01%             | 2041-06-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2021 A                                                                         | CUSIP: 34061WBN3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $2551822.13   | 0.05%             | 2055-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Storey Drive Community Development District                                                                         | Storey Drive Community Development District, Series 2022                                                                 | CUSIP: 86216HAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2342892.90   | 0.04%             | 2052-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Scenic Terrace South Community Development District                                                                 | Scenic Terrace South Community Development District, Series 2022                                                         | CUSIP: 806205AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3305000 | PA      | $2921513.91   | 0.06%             | 2042-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 814                                                           | City of Las Vegas, Series 2019                                                                                           | CUSIP: 51778UAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $390983.56    | 0.01%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                                   | Florida Development Finance Corp., Series 2019 A                                                                         | CUSIP: 34061YAC4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1827280.80   | 0.03%             | 2049-01-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Summer Woods Community Development District                                                                         | Summer Woods Community Development District, Series 2021                                                                 | CUSIP: 865657AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $180034.02    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Wiregrass II Community Development District                                                                         | Wiregrass II Community Development District, Series 2022                                                                 | CUSIP: 97655GAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932078.10    | 0.02%             | 2052-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indigo Community Development District                                                                               | Indigo Community Development District, Series 2021                                                                       | CUSIP: 45567RAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $610619.88    | 0.01%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1616893.28   | 0.03%             | 2052-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Evan's Place Metropolitan District                                                                                  | Evan's Place Metropolitan District, Series 2020 A(3)                                                                     | CUSIP: 299192AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1344723.66   | 0.03%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indigo Community Development District                                                                               | Indigo Community Development District, Series 2021                                                                       | CUSIP: 45567RAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $199334.93    | 0.00%             | 2031-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| City of Georgetown TX                                                                                               | City of Georgetown, Series 2022                                                                                          | CUSIP: 373057AD0<br>LEI: 549300BSO7ULYERIVM97 | Long             | DBT              | MUN               | US        |    716000 | PA      | $609384.74    | 0.01%             | 2047-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2020                                                                                              | CUSIP: 15114CDK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    498000 | PA      | $399347.35    | 0.01%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                                                        | Mississippi Development Bank, Series 2021                                                                                | CUSIP: 60534XLS3<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    900000 | PA      | $817931.88    | 0.02%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                                                                | City of Baltimore, Series 2016                                                                                           | CUSIP: 05923TBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2463605.50   | 0.05%             | 2043-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Hilltop Point Community Development District                                                                        | Hilltop Point Community Development District, Series 2022-1                                                              | CUSIP: 432763AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $663874.75    | 0.01%             | 2052-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Pilot Point TX                                                                                              | City of Pilot Point, Series 2022                                                                                         | CUSIP: 721614AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $726221.03    | 0.01%             | 2042-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                                                         | Connecticut State Health & Educational Facilities Authority, Series A                                                    | CUSIP: 20774YJ40<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   7850000 | PA      | $6942998.44   | 0.13%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raindance Metropolitan District No. 1 Non-Potable Water System Revenue                                              | Raindance Metropolitan District No. 1, Series 2020                                                                       | CUSIP: 75087GAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3738060.73   | 0.07%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clackamas County Hospital Facility Authority                                                                        | Clackamas County Hospital Facility Authority, Series 2020 A                                                              | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1338532.65   | 0.03%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                           | Indiana Finance Authority, Series 2022 B                                                                                 | CUSIP: 45470ECD5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3719254.00   | 0.07%             | 2032-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Artisan Lakes East Community Development District                                                                   | Artisan Lakes East Community Development District, Series 2021-1                                                         | CUSIP: 04316FAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $201749.66    | 0.00%             | 2026-05-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Laurel Road Community Development District                                                                          | Laurel Road Community Development District, Series 2021 A-1                                                              | CUSIP: 51888TAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $297562.97    | 0.01%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Goshen IN                                                                                                   | City of Goshen, Series 2021 A                                                                                            | CUSIP: 38327MAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4065000 | PA      | $3157739.97   | 0.06%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raindance Metropolitan District No. 1 Non-Potable Water System Revenue                                              | Raindance Metropolitan District No. 1, Series 2020                                                                       | CUSIP: 75087GAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $570250.81    | 0.01%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East 547 Community Development District                                                                             | East 547 Community Development District, Series 2021                                                                     | CUSIP: 27042KAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $119406.25    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2021 A-2                                                                     | CUSIP: 13013FAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14045000 | PA      | $11234226.12  | 0.21%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Veranda Community Development District II                                                                           | Veranda Community Development District II, Series 2021                                                                   | CUSIP: 92338HAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $253597.31    | 0.00%             | 2031-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Greeneway Improvement District                                                                                      | Greeneway Improvement District, Series 2013                                                                              | CUSIP: 39483RAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26745000 | PA      | $26659910.78  | 0.51%             | 2043-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Centerville OH                                                                                              | City of Centerville, Series 2017                                                                                         | CUSIP: 152241BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4451526.00   | 0.08%             | 2050-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mandarin Grove Community Development District                                                                       | Mandarin Grove Community Development District, Series 2022                                                               | CUSIP: 56259FAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2557949.25   | 0.05%             | 2053-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2021                                                                         | CUSIP: 51265KFC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $87018.51     | 0.00%             | 2031-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Park East Community Development District                                                                            | Park East Community Development District, Series 2021                                                                    | CUSIP: 700405AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $545073.90    | 0.01%             | 2041-11-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Town of Little Elm TX                                                                                               | Town of Little Elm, Series 2022                                                                                          | CUSIP: 537098BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    712000 | PA      | $732506.67    | 0.01%             | 2032-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                                               | Louisiana Public Facilities Authority, Series 2016                                                                       | CUSIP: 546399DE3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     60000 | PA      | $64159.18     | 0.00%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ocean Shores Local Improvement District                                                                             | Ocean Shores Local Improvement District, Series 2011                                                                     | CUSIP: 67501KAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1446708.98   | 0.03%             | 2031-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Farmville Industrial Development Authority                                                                          | Farmville Industrial Development Authority, Series 2018 A                                                                | CUSIP: 311617AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485787.10    | 0.01%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sioux Falls SD                                                                                              | City of Sioux Falls, Series 2017                                                                                         | CUSIP: 829566CR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2650725.00   | 0.05%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tuckers Pointe Community Development District                                                                       | Tuckers Pointe Community Development District, Series 2022                                                               | CUSIP: 898691AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $286446.82    | 0.01%             | 2027-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                                                       | Allentown Neighborhood Improvement Zone Development Authority, Series 2017                                               | CUSIP: 018444AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11975000 | PA      | $11654271.18  | 0.22%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Laurel Road Community Development District                                                                          | Laurel Road Community Development District, Series 2021 A-1                                                              | CUSIP: 51888TAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1115968.85   | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Horseshoe Bay TX                                                                                            | City of Horseshoe Bay, Series 2020                                                                                       | CUSIP: 44075PAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $427300.05    | 0.01%             | 2030-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                                                            | Cleveland-Cuyahoga County Port Authority, Series 2018                                                                    | CUSIP: 18610PAV0<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    700000 | PA      | $711060.21    | 0.01%             | 2043-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brightwater Community Development District                                                                          | Brightwater Community Development District, Series 2021                                                                  | CUSIP: 10947YAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3895000 | PA      | $2989302.66   | 0.06%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2020 A                                                                       | CUSIP: 51265KED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $416834.62    | 0.01%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Belleville IL Sales Tax Revenue                                                                             | City of Belleville, Series 2021 B                                                                                        | CUSIP: 078876AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $783262.70    | 0.01%             | 2041-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                                                             | Tobacco Securitization Authority of Southern California, Series 2006 B                                                   | CUSIP: 888804AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  50000000 | PA      | $8956490.00   | 0.17%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2021                                                                                                | CUSIP: 31189RCA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1871000 | PA      | $1497740.18   | 0.03%             | 2041-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Sachse TX                                                                                                   | City of Sachse, Series 2020                                                                                              | CUSIP: 785756AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1187495.40   | 0.02%             | 2050-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MidCity Improvement District                                                                                        | MidCity Improvement District, Series 2022                                                                                | CUSIP: 59564KAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $270118.32    | 0.01%             | 2027-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Rowlett TX                                                                                                  | City of Rowlett, Series 2021                                                                                             | CUSIP: 779719AH6<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |   1172000 | PA      | $932553.72    | 0.02%             | 2051-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palmdale Elementary School District                                                                                 | Palmdale Elementary School District, Series 2012 A                                                                       | CUSIP: 69671TCX5<br>LEI: 549300YBE1L2RGBY7L18 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $948934.25    | 0.02%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                                              | Iowa Finance Authority, Series 2018 A                                                                                    | CUSIP: 46245FAW4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6672675.75   | 0.13%             | 2048-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Bonita Beach Road Community Development District                                                               | East Bonita Beach Road Community Development District, Series 2021                                                       | CUSIP: 271124AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $213396.21    | 0.00%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CDP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $508275.44    | 0.01%             | 2050-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Eden Hills Community Development District                                                                           | Eden Hills Community Development District, Series 2022                                                                   | CUSIP: 279449AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $424377.18    | 0.01%             | 2027-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                                                       | Sierra Vista Industrial Development Authority, Series 2021 B                                                             | CUSIP: 82652PAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3945000 | PA      | $3207440.83   | 0.06%             | 2036-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Sunbridge Stewardship District                                                                                      | Sunbridge Stewardship District, Series 2022                                                                              | CUSIP: 86709HAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $442621.57    | 0.01%             | 2032-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| City of Dayton TX                                                                                                   | City of Dayton                                                                                                           | CUSIP: 240094AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1464000 | PA      | $1415322.29   | 0.03%             | 2052-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                                                                         | Military Installation Development Authority, Series 2021 A-1                                                             | CUSIP: 599772AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2214394.20   | 0.04%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Oak Point TX                                                                                                | City of Oak Point, Series 2021                                                                                           | CUSIP: 67176TAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    643000 | PA      | $473088.28    | 0.01%             | 2041-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Southglenn Metropolitan District                                                                                    | Southglenn Metropolitan District, Series 2016                                                                            | CUSIP: 84437RAF4<br>LEI: 549300ETN4YRI5O2PU39 | Long             | DBT              | MUN               | US        |    810000 | PA      | $782136.81    | 0.01%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waterfront at Foster Lake Metropolitan District No. 2                                                               | Waterfront at Foster Lake Metropolitan District No. 2, Series 2022 A(3)-2                                                | CUSIP: 941564AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5130000 | PA      | $2878004.90   | 0.05%             | 2051-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Viera Stewardship District                                                                                          | Viera Stewardship District, Series 2021                                                                                  | CUSIP: 92670TAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $458521.95    | 0.01%             | 2026-05-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 B                                                                                | CUSIP: 14052WDQ7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |  10330000 | PA      | $5546743.08   | 0.11%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Willows Community Development District                                                                              | Willows Community Development District, Series 2022                                                                      | CUSIP: 971264AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $384644.95    | 0.01%             | 2029-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Zephyr Lakes Community Development District                                                                         | Zephyr Lakes Community Development District, Series 2021                                                                 | CUSIP: 98944TAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $744736.42    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Laurel Road Community Development District                                                                          | Laurel Road Community Development District, Series 2021 A-2                                                              | CUSIP: 51888TAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $1836460.47   | 0.03%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Bent Grass Metropolitan District                                                                                    | Bent Grass Metropolitan District, Series 2020                                                                            | CUSIP: 082623AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1540105.33   | 0.03%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allison Valley Metropolitan District No. 2                                                                          | Allison Valley Metropolitan District No. 2, Series 2020                                                                  | CUSIP: 01973MAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $3819785.65   | 0.07%             | 2047-12-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Indigo Community Development District                                                                               | Indigo Community Development District, Series 1999 C                                                                     | CUSIP: 45567RAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4123752 | PA      | $2845388.71   | 0.05%             | 2030-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2020 A                     | CUSIP: 546276DA1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $2376501.63   | 0.05%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Parrish Plantation Community Development District                                                                   | Parrish Plantation Community Development District, Series 2022                                                           | CUSIP: 701830AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1225034.75   | 0.02%             | 2052-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cedar Bayou Navigation District                                                                                     | Cedar Bayou Navigation District, Series 2020                                                                             | CUSIP: 15005CAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6119960.25   | 0.12%             | 2051-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Port Tampa Bay Community Development District                                                                   | New Port Tampa Bay Community Development District, Series 2021                                                           | CUSIP: 648149AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $441934.85    | 0.01%             | 2031-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp.                                                                                | Kalamazoo Economic Development Corp., Series 2020 A                                                                      | CUSIP: 483228DY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8860000 | PA      | $7203192.40   | 0.14%             | 2055-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District                                                                     | North AR-1 Pasco Community Development District, Series 2021                                                             | CUSIP: 65725AAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $134218.95    | 0.00%             | 2026-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Storey Park Community Development District                                                                          | Storey Park Community Development District, Series 2021                                                                  | CUSIP: 86216RAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $193197.15    | 0.00%             | 2031-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Epperson North Community Development District                                                                       | Epperson North Community Development District, Series 2021 A                                                             | CUSIP: 29429VAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $132105.43    | 0.00%             | 2026-11-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Brookstone Community Development District                                                                           | Brookstone Community Development District, Series 2022                                                                   | CUSIP: 114534AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1718063.20   | 0.03%             | 2052-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                                                    | City of Lavon, Series 2022                                                                                               | CUSIP: 51946PBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5295000 | PA      | $4178399.40   | 0.08%             | 2052-09-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                                                                | Puerto Rico Electric Power Authority, Series 2013 A                                                                      | CUSIP: 74526QA69<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |  29750000 | PA      | $22535625.00  | 0.43%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Seminole County Industrial Development Authority                                                                    | Seminole County Industrial Development Authority, Series 2021 A                                                          | CUSIP: 816686AJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $264947.73    | 0.01%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2987965.50   | 0.06%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp.                                                                                  | Grand Parkway Transportation Corp., Series 2013 B                                                                        | CUSIP: 38611TAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10594953.00  | 0.20%             | 2045-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Industrial Authority                                                                                   | Tulsa County Industrial Authority, Series 2017                                                                           | CUSIP: 899530BA6<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |  10280000 | PA      | $10284136.67  | 0.20%             | 2045-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Anna TX                                                                                                     | City of Anna, Series 2021                                                                                                | CUSIP: 035713AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    157000 | PA      | $142436.02    | 0.00%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Midlothian TX                                                                                               | City of Midlothian, Series 2021                                                                                          | CUSIP: 59785RAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $517808.44    | 0.01%             | 2051-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2021                                                                         | CUSIP: 51265KFE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $526067.12    | 0.01%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 812                                                           | City of Las Vegas, Series 2015                                                                                           | CUSIP: 517784AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1609235.06   | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CES9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $101616.42    | 0.00%             | 2027-09-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 610                                                           | City of Las Vegas, Series 2018                                                                                           | CUSIP: 51778RAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8130000 | PA      | $8013519.05   | 0.15%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wind Meadows South Community Development District                                                                   | Wind Meadows South Community Development District, Series 2021                                                           | CUSIP: 97316TAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $695356.63    | 0.01%             | 2041-05-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2019                                                        | CUSIP: 64542UFA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $3219882.60   | 0.06%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shingle Creek at Bronson Community Development District                                                             | Shingle Creek at Bronson Community Development District, Series 2021                                                     | CUSIP: 82459NAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $321547.65    | 0.01%             | 2031-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| City of Marble Falls TX                                                                                             | City of Marble Falls, Series 2021                                                                                        | CUSIP: 566035AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $135074.54    | 0.00%             | 2031-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Upper Illinois River Valley Development Authority                                                                   | Upper Illinois River Valley Development Authority, Series 2020 C                                                         | CUSIP: 91588LAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10750000 | PA      | $8568231.60   | 0.16%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakeshore Villages Master Community Development District                                                            | Lakeshore Villages Master Community Development District, Series 2022                                                    | CUSIP: 512098AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $726074.21    | 0.01%             | 2042-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Preserve at South Branch Community Development District                                                             | Preserve at South Branch Community Development District, Series 2021                                                     | CUSIP: 74082PAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $582060.53    | 0.01%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2020 A-1                                                                              | CUSIP: 14052WDK0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2722727.35   | 0.05%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Princeton TX                                                                                                | City of Princeton, Series 2021                                                                                           | CUSIP: 742400BJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    518000 | PA      | $383924.71    | 0.01%             | 2041-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2020                                                                                                | CUSIP: 31189RBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1163000 | PA      | $1031036.25   | 0.02%             | 2040-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Southeastern Ohio Port Authority                                                                                    | Southeastern Ohio Port Authority, Series 2015                                                                            | CUSIP: 841895AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965989.40    | 0.02%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                                                   | State of Nevada Department of Business & Industry, Series 2017                                                           | CUSIP: 25461PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9726661 | PA      | $9958943.80   | 0.19%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2017                                                            | CUSIP: 130536RA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5000000.00   | 0.10%             | 2039-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Enbrook Community Development District                                                                              | Enbrook Community Development District, Series 2020                                                                      | CUSIP: 29250GAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $705759.79    | 0.01%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                                   | State of Illinois, Series 2020                                                                                           | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   7420000 | PA      | $7823762.27   | 0.15%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Parkway Municipal Management District No. 1                                                                   | North Parkway Municipal Management District No. 1, Series 2021                                                           | CUSIP: 66144PAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $964696.37    | 0.02%             | 2051-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2022                                                                                                | CUSIP: 50156CAV2<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1041939.22   | 0.02%             | 2041-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2020 A                     | CUSIP: 546276DB9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   5665000 | PA      | $4328298.50   | 0.08%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                                                    | Pennsylvania Turnpike Commission, Series 2009 C                                                                          | CUSIP: 709223XA4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5572665.00   | 0.11%             | 2033-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cordova Palms Community Development District                                                                        | Cordova Palms Community Development District, Series 2021                                                                | CUSIP: 21864YAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $317450.96    | 0.01%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Broadway Park North Metropolitan District No. 2                                                                     | Broadway Park North Metropolitan District No. 2, Series 2020                                                             | CUSIP: 111561AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1245545.85   | 0.02%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Marcos TX                                                                                               | City of San Marcos, Series 2020                                                                                          | CUSIP: 798801AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $297734.11    | 0.01%             | 2030-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                               | Villages of Glen Creek Community Development District, Series 2022 A                                                     | CUSIP: 92716AAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $680075.99    | 0.01%             | 2042-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                                               | Louisiana Public Facilities Authority, Series 2020 A-1                                                                   | CUSIP: 546399JZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4839710.50   | 0.09%             | 2040-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                                                     | Chester County Industrial Development Authority, Series 2018                                                             | CUSIP: 16559WAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $315193.71    | 0.01%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Economic Development Finance Authority                                                                   | Washington Economic Development Finance Authority, Series 2013                                                           | CUSIP: 93975YAC5<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |  12855000 | PA      | $2056800.00   | 0.04%             | 2025-08-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency, Series 2014 B                                                          | CUSIP: 798111GD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $25363407.50  | 0.48%             | 2049-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Edgewater East Community Development District                                                                       | Edgewater East Community Development District, Series 2021                                                               | CUSIP: 280286AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $604410.52    | 0.01%             | 2031-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency                                                                                         | CMFA Special Finance Agency Enclave, Series 2022 A-2                                                                     | CUSIP: 12574WAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  38000000 | PA      | $27331173.20  | 0.52%             | 2051-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cottonwood Highlands Metropolitan District No. 1                                                                    | Cottonwood Highlands Metropolitan District No. 1, Series 2019 A                                                          | CUSIP: 221865AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $797799.60    | 0.02%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CFE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    804000 | PA      | $745302.13    | 0.01%             | 2042-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI Sewage Disposal System Revenue                                                                   | City of Detroit, Series 2001 B                                                                                           | CUSIP: 251237WV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5474679.00   | 0.10%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Kaufman TX                                                                                                  | City of Kaufman, Series 2021                                                                                             | CUSIP: 486238AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $343414.90    | 0.01%             | 2050-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                                                    | City of Manor, Series 2021                                                                                               | CUSIP: 564099AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $259723.21    | 0.00%             | 2031-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Southern Groves Community Development District No. 5                                                                | Southern Groves Community Development District No. 5, Series 2021                                                        | CUSIP: 843021AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $922495.21    | 0.02%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| DW Bayview Community Development District                                                                           | DW Bayview Community Development District, Series 2021                                                                   | CUSIP: 23342SAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $883521.19    | 0.02%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Saddle Creek Preserve of Polk County Community Development District                                                 | Saddle Creek Preserve of Polk County Community Development District, Series 2020                                         | CUSIP: 786230AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $517704.68    | 0.01%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2020                                                                         | CUSIP: 51265KEJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $1979622.22   | 0.04%             | 2051-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Wind Meadows South Community Development District                                                                   | Wind Meadows South Community Development District, Series 2021                                                           | CUSIP: 97316TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $202432.49    | 0.00%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Rolling Oaks Community Development District                                                                         | Rolling Oaks Community Development District, Series 2022                                                                 | CUSIP: 77571RAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521408.15   | 0.03%             | 2053-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| County of Grand Forks ND                                                                                            | County of Grand Forks, Series 2021 A                                                                                     | CUSIP: 38543PAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $7886410.00   | 0.15%             | 2043-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| City of Oak Point TX                                                                                                | City of Oak Point, Series 2021                                                                                           | CUSIP: 67176TAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    987000 | PA      | $789657.94    | 0.02%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Boggy Branch Community Development District                                                                         | Boggy Branch Community Development District, Series 2021                                                                 | CUSIP: 09720PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $272359.16    | 0.01%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp.                                                                                              | Mississippi Home Corp., Series 2021 C-5                                                                                  | CUSIP: 60535NCT2<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $5478839.20   | 0.10%             | 2062-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Hills of Minneola Community Development District                                                                    | Hills of Minneola Community Development District, Series 2021                                                            | CUSIP: 431688AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $363665.60    | 0.01%             | 2041-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Summerstone Community Development District                                                                          | Summerstone Community Development District, Series 2020                                                                  | CUSIP: 865711AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $702974.73    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Trevesta Community Development District                                                                             | Trevesta Community Development District, Series 2020                                                                     | CUSIP: 89532FAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1351874.48   | 0.03%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CEB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    158000 | PA      | $134209.94    | 0.00%             | 2031-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                              | California Statewide Communities Development Authority, Series 2016 A                                                    | CUSIP: 13080SNM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   7210000 | PA      | $7016861.40   | 0.13%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A                                                                                | CUSIP: 14054CEA3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    450000 | PA      | $346206.02    | 0.01%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Creekview Community Development District                                                                            | Creekview Community Development District, Series 2022                                                                    | CUSIP: 225514AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2191430.22   | 0.04%             | 2042-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                           | New Jersey Economic Development Authority, Series 2017 A                                                                 | CUSIP: 64577BG24<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $481911.55    | 0.01%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yamhill County Hospital Authority                                                                                   | Yamhill County Hospital Authority, Series 2016 A                                                                         | CUSIP: 98464UAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4325000 | PA      | $3546063.61   | 0.07%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East 547 Community Development District                                                                             | East 547 Community Development District, Series 2021                                                                     | CUSIP: 27042KAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $443242.56    | 0.01%             | 2041-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Westside Haines City Community Development District                                                                 | Westside Haines City Community Development District, Series 2021                                                         | CUSIP: 96150AAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $961118.63    | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2017                                                                                    | CUSIP: 74444VAC4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    625000 | PA      | $576911.75    | 0.01%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Veranda Community Development District II                                                                           | Veranda Community Development District II, Series 2021                                                                   | CUSIP: 92338HAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $727961.28    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Franklin County Industrial Development Authority                                                                    | Franklin County Industrial Development Authority, Series 2018                                                            | CUSIP: 353273BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $867420.30    | 0.02%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Towne Park Community Development District                                                                           | Towne Park Community Development District, Series 2020                                                                   | CUSIP: 89215RAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $367924.04    | 0.01%             | 2030-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Cross Creek North Community Development District                                                                    | Cross Creek North Community Development District, Series 2022                                                            | CUSIP: 227521AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $410356.16    | 0.01%             | 2032-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Johnson City Health & Educational Facilities Board                                                                  | Johnson City Health & Educational Facilities Board, Series 2000 A                                                        | CUSIP: 478271EB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19365000 | PA      | $16350382.67  | 0.31%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Winrock Town Center Tax Increment Development District No. 1                                                        | Winrock Town Center Tax Increment Development District No. 1, Series 2022                                                | CUSIP: 97535RAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $868231.10    | 0.02%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                                                    | St. Johns County Industrial Development Authority, Series 2021 A                                                         | CUSIP: 79041LAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1448916.89   | 0.03%             | 2046-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Prairie Center Metropolitan District No. 7                                                                          | Prairie Center Metropolitan District No. 7, Series 2020                                                                  | CUSIP: 739491AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $613698.07    | 0.01%             | 2044-12-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Greenways Metropolitan District No. 1                                                                               | Greenways Metropolitan District No. 1, Series 2021 A-3                                                                   | CUSIP: 39679VAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1082904.82   | 0.02%             | 2051-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                                    | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2019                       | CUSIP: 54628CJE3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2260000 | PA      | $1687694.10   | 0.03%             | 2044-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2019 A-1                                                    | CUSIP: 64542PEU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $299444.15    | 0.01%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sandridge Community Development District                                                                            | Sandridge Community Development District, Series 2021 A-1                                                                | CUSIP: 80007LAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $566707.05    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hammock Reserve Community Development District                                                                      | Hammock Reserve Community Development District, Series 2021                                                              | CUSIP: 408348AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $391061.58    | 0.01%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                                                           | Central Texas Regional Mobility Authority, Series 2010                                                                   | CUSIP: 155498BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $1182762.03   | 0.02%             | 2039-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Creek Community Development District                                                                          | South Creek Community Development District, Series 2021                                                                  | CUSIP: 837512AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $146997.83    | 0.00%             | 2031-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2020 A                                                                                  | CUSIP: 74444VAW0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6810000 | PA      | $5962620.80   | 0.11%             | 2055-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CDQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $200237.33    | 0.00%             | 2031-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Leomas Landing Community Development District                                                                       | Leomas Landing Community Development District, Series 2021                                                               | CUSIP: 526400AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $855192.62    | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mangrove Point & Mangrove Manor Community Development District                                                      | Mangrove Point & Mangrove Manor, Series 2022                                                                             | CUSIP: 56271TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $984273.96    | 0.02%             | 2042-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series 2015                                                                                  | CUSIP: 45203ACQ8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3828024.38   | 0.07%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                                                                | New Hope Cultural Education Facilities Finance Corp., Series 2019 C                                                      | CUSIP: 64542PFB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6505000 | PA      | $5845246.64   | 0.11%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North River Ranch Community Development District                                                                    | North River Ranch Community Development District, Series 2020 A-2                                                        | CUSIP: 662008AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1522878.01   | 0.03%             | 2035-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 B                                                                     | CUSIP: 126292BC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6784766.00   | 0.13%             | 2057-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Astonia Community Development District                                                                              | Astonia Community Development District, Series 2021                                                                      | CUSIP: 04625DAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $274509.63    | 0.01%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                                 | Lakewood Ranch Stewardship District, Series 2020                                                                         | CUSIP: 51265KEM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1681375.50   | 0.03%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Grove Resort Community Development District                                                                         | Grove Resort Community Development District, Series 2022                                                                 | CUSIP: 399618AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $146019.83    | 0.00%             | 2032-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Villamar Community Development District                                                                             | Villamar Community Development District, Series 2022                                                                     | CUSIP: 92715KAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $163221.99    | 0.00%             | 2027-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2021 A-1                                                                              | CUSIP: 14052WDS3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    715000 | PA      | $636307.46    | 0.01%             | 2031-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Villages of Glen Creek Community Development District                                                               | Villages of Glen Creek Community Development District, Series 2022 A                                                     | CUSIP: 92716AAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98740.88     | 0.00%             | 2027-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Viera Stewardship District                                                                                          | Viera Stewardship District, Series 2021                                                                                  | CUSIP: 92670TAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $669842.32    | 0.01%             | 2031-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Plaza Metropolitan District No. 1                                                                                   | Plaza Metropolitan District No. 1, Series 2013                                                                           | CUSIP: 72818QAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2830306.20   | 0.05%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CDS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476771.95    | 0.01%             | 2050-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                                                               | City of Fort Worth, Series 2018                                                                                          | CUSIP: 349506AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1474489.15   | 0.03%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                                                           | River Hall Community Development District, Series 2021 A-2                                                               | CUSIP: 768247AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243830.73    | 0.00%             | 2024-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DIATC Metropolitan District                                                                                         | DIATC Metropolitan District, Series 2019                                                                                 | CUSIP: 25283QAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1727053.20   | 0.03%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triple Creek Community Development District                                                                         | Triple Creek Community Development District, Series 2021                                                                 | CUSIP: 89677RBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $560821.73    | 0.01%             | 2041-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District                                                                                   | San Diego Unified School District, Series 2012 E                                                                         | CUSIP: 797355R48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  33305000 | PA      | $24082545.76  | 0.46%             | 2047-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Sinton TX                                                                                                   | City of Sinton, Series 2022                                                                                              | CUSIP: 829366AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $612147.62    | 0.01%             | 2032-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Belmont II Community Development District                                                                           | Belmont II Community Development District, Series 2020                                                                   | CUSIP: 080382AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1095563.81   | 0.02%             | 2040-12-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Farmville Industrial Development Authority                                                                          | Farmville Industrial Development Authority, Series 2020 A                                                                | CUSIP: 311617BC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1843761.20   | 0.04%             | 2059-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                                                          | Capital Trust Agency, Inc., Series 2020 A                                                                                | CUSIP: 14054DAN7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1113286.30   | 0.02%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2021                                                                                              | CUSIP: 15114CEM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2501000 | PA      | $2115218.25   | 0.04%             | 2051-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Viridian Municipal Management District                                                                              | Viridian Municipal Management District, Series 2020                                                                      | CUSIP: 92823UAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $329379.28    | 0.01%             | 2035-12-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Timberleaf Metropolitan District                                                                                    | Timberleaf Metropolitan District, Series 2020 A                                                                          | CUSIP: 88714TAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1636367.56   | 0.03%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tradition Community Development District No. 9                                                                      | Tradition Community Development District No. 9, Series 2021                                                              | CUSIP: 89269NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1074689.98   | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                                         | Washington State Housing Finance Commission, Series A                                                                    | CUSIP: 939783TK2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1356152.39   | 0.03%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Authority for Colorado Energy                                                                                | Public Authority for Colorado Energy, Series 2008                                                                        | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |  60100000 | PA      | $72369907.82  | 1.38%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                                                            | Development Authority of Rockdale County, Series 2021 B                                                                  | CUSIP: 77300QAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10835000 | PA      | $8524488.26   | 0.16%             | 2036-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Steel Point Infrastructure Improvement District                                                                     | Steel Point Infrastructure Improvement District, Series 2021                                                             | CUSIP: 85814YAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $490405.89    | 0.01%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                                    | San Joaquin Hills Transportation Corridor Agency, Series 2014 B                                                          | CUSIP: 798111GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20335398.00  | 0.39%             | 2044-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                                    | California Pollution Control Financing Authority, Series 2020                                                            | CUSIP: 130536RM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5800000.00   | 0.11%             | 2032-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                                                                  | West Villages Improvement District, Series 2021                                                                          | CUSIP: 956454BU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $609240.40    | 0.01%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                                                          | Michigan Finance Authority, Series 2014                                                                                  | CUSIP: 594479CB1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1304142.71   | 0.02%             | 2024-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Aviary at Rutland Ranch Community Development District                                                              | Aviary at Rutland Ranch Community Development District, Series 2021                                                      | CUSIP: 05369FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $313969.80    | 0.01%             | 2041-11-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2020                                                                                                | CUSIP: 50156CAN0<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $304462.24    | 0.01%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2022 C                                                                                  | CUSIP: 74441XHG7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5460000 | PA      | $4443765.69   | 0.08%             | 2037-12-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Stoneybrook South Community Development District                                                                    | Stoneybrook South Community Development District, Series 2020                                                            | CUSIP: 86202RAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1109778.45   | 0.02%             | 2050-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District                                                                     | North AR-1 Pasco Community Development District, Series 2021 A                                                           | CUSIP: 65725AAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $231411.98    | 0.00%             | 2026-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Cypress Park Estates Community Development District                                                                 | Cypress Park Estates Community Development District, Series 2020                                                         | CUSIP: 23280FAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $978946.96    | 0.02%             | 2040-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                                   | City of Celina, Series 2022                                                                                              | CUSIP: 15114CEW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    227000 | PA      | $204155.47    | 0.00%             | 2027-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Red Oak TX                                                                                                  | City of Red Oak, Series 2021                                                                                             | CUSIP: 756848AA5<br>LEI: 549300VOCS0JLIVKWD34 | Long             | DBT              | MUN               | US        |    150000 | PA      | $134594.87    | 0.00%             | 2026-09-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Timber Creek Southwest Community Development District                                                               | Timber Creek Southwest Community Development District, Series 2021                                                       | CUSIP: 88707RAH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4085000 | PA      | $3163104.96   | 0.06%             | 2051-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Oak Point TX                                                                                                | City of Oak Point, Series 2020                                                                                           | CUSIP: 67176TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $962030.75    | 0.02%             | 2040-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Wiregrass II Community Development District                                                                         | Wiregrass II Community Development District, Series 2020                                                                 | CUSIP: 97655GAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $566505.50    | 0.01%             | 2030-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1562950 | PA      | $1361860.85   | 0.03%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Six Mile Creek Community Development District                                                                       | Six Mile Creek Community Development District, Series 2021                                                               | CUSIP: 83005TBD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $214912.98    | 0.00%             | 2031-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Northern Palm Beach County Improvement District                                                                     | Northern Palm Beach County, Series 2017                                                                                  | CUSIP: 665588SC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $749176.43    | 0.01%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rivers Edge III Community Development District                                                                      | Rivers Edge III Community Development District, Series 2021                                                              | CUSIP: 76882NAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $151824.37    | 0.00%             | 2026-05-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                                                            | Arizona Industrial Development Authority, Series 2021 A                                                                  | CUSIP: 04052BPR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $215550.63    | 0.00%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Meadow View at Twin Creeks Community Development District                                                           | Meadow View at Twin Creeks Community Development District, Series 2021                                                   | CUSIP: 583188BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $191902.91    | 0.00%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fallschase Community Development District                                                                           | Fallschase Community Development District, Series 2021                                                                   | CUSIP: 306748AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $761656.20    | 0.01%             | 2041-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                               | Metropolitan Transportation Authority                                                                                    | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  39500000 | PA      | $39895556.95  | 0.76%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                                                     | City of Kyle, Series 2021                                                                                                | CUSIP: 50156CAS9<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $806731.20    | 0.02%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Osceola Village Center Community Development District                                                               | Osceola Village Center Community Development District, Series 2021                                                       | CUSIP: 688100AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $269885.36    | 0.01%             | 2041-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Sunbridge Stewardship District                                                                                      | Sunbridge Stewardship District, Series 2022                                                                              | CUSIP: 86709HAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1705076.08   | 0.03%             | 2052-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Belmont II Community Development District                                                                           | Belmont II Community Development District, Series 2020                                                                   | CUSIP: 080382AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $778101.70    | 0.01%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                                              | Iowa Finance Authority, Series 2022                                                                                      | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8058929.90   | 0.15%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                                                                      | La Paz County Industrial Development Authority, Series 2018 A                                                            | CUSIP: 50376FAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $991995.10    | 0.02%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No. 812                                                           | City of Las Vegas, Series 2015                                                                                           | CUSIP: 517784AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1400303.25   | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Marble Falls TX                                                                                             | City of Marble Falls, Series 2021                                                                                        | CUSIP: 566035AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $391836.60    | 0.01%             | 2041-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Veranda Community Development District II                                                                           | Veranda Community Development District II, Series 2021                                                                   | CUSIP: 92338HAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $120022.68    | 0.00%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                                                              | Tempe Industrial Development Authority, Series 2021 A                                                                    | CUSIP: 87972MBS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $357206.70    | 0.01%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District                                                                               | V-Dana Community Development District, Series 2021                                                                       | CUSIP: 91822RAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $974616.13    | 0.02%             | 2041-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| V-Dana Community Development District                                                                               | V-Dana Community Development District, Series 2021                                                                       | CUSIP: 91822RAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $345527.76    | 0.01%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Tohoqua Community Development District                                                                              | Tohoqua Community Development District, Series 2021                                                                      | CUSIP: 88907RAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $471259.10    | 0.01%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cypress Park Estates Community Development District                                                                 | Cypress Park Estates Community Development District, Series 2022                                                         | CUSIP: 23280FAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1127536.20   | 0.02%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pine Isle Community Development District                                                                            | Pine Isle Community Development District, Series 2021                                                                    | CUSIP: 72265AAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $925649.04    | 0.02%             | 2051-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hays TX                                                                                                   | County of Hays, Series 2020                                                                                              | CUSIP: 420894AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $635555.36    | 0.01%             | 2040-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Chapel Crossings Community Development District                                                                     | Chapel Crossings Community Development District, Series 2020                                                             | CUSIP: 15942YAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1452838.34   | 0.03%             | 2040-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Avalon Park West Community Development District                                                                     | Avalon Park West Community Development District, Series 2020                                                             | CUSIP: 05346TAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $456340.69    | 0.01%             | 2040-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Fate TX                                                                                                     | City of Fate, Series 2020                                                                                                | CUSIP: 31189RBV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $611112.86    | 0.01%             | 2030-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                                                            | Cleveland-Cuyahoga County Port Authority, Series 2021 A                                                                  | CUSIP: 18611HAB1<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $978032.88    | 0.02%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tohoqua Community Development District                                                                              | Tohoqua Community Development District, Series 2021                                                                      | CUSIP: 88907RAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $181107.06    | 0.00%             | 2031-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                                 | California Community Housing Agency, Series 2021 A-1                                                                     | CUSIP: 13013FAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $6941416.20   | 0.13%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                                                          | Riverside County Transportation Commission, Series 2013 B                                                                | CUSIP: 76912DAR9<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $2055982.50   | 0.04%             | 2041-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Grand Oaks Community Development District                                                                           | Grand Oaks Community Development District, Series 2021                                                                   | CUSIP: 38611CAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $928970.89    | 0.02%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                                                           | River Hall Community Development District, Series 2020 A                                                                 | CUSIP: 768247AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $374004.11    | 0.01%             | 2031-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                                | Babcock Ranch Community Independent Special District, Series 2020                                                        | CUSIP: 05616KBA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1197461.65   | 0.02%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Saddle Creek Preserve of Polk County Community Development District                                                 | Saddle Creek Preserve of Polk County Community Development District, Series 2022                                         | CUSIP: 786230AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $358687.52    | 0.01%             | 2041-12-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Veranda Community Development District II                                                                           | Veranda Community Development District II, Series 2021                                                                   | CUSIP: 92338HAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $85965.19     | 0.00%             | 2031-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                                                    | City of Manor, Series 2021                                                                                               | CUSIP: 564099AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $186810.39    | 0.00%             | 2026-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Aurora Crossroads Metropolitan District No. 2                                                                       | Aurora Crossroads Metropolitan District No. 2, Series 2020 A                                                             | CUSIP: 05162QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1377084.90   | 0.03%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Quail Roost Community Development District                                                                          | Quail Roost Community Development District, Series 2021                                                                  | CUSIP: 74737QAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $179893.40    | 0.00%             | 2026-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| City of Lago Vista TX                                                                                               | City of Lago Vista, Series 2020                                                                                          | CUSIP: 507081AW7<br>LEI: 5493004GT2GICXFJPF35 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $850784.56    | 0.02%             | 2042-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                                | County of Jefferson, Series 2013 E                                                                                       | CUSIP: 472682RS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  30825000 | PA      | $15780208.34  | 0.30%             | 2032-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                                                    | Maricopa County Industrial Development Authority, Series 2021 A                                                          | CUSIP: 56681NGL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $398611.86    | 0.01%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                                                       | Sierra Vista Industrial Development Authority, Series 2021 A                                                             | CUSIP: 82652PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18880000 | PA      | $11678544.96  | 0.22%             | 2056-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| West Villages Improvement District                                                                                  | West Villages Improvement District, Series 2021                                                                          | CUSIP: 956454BT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $172267.88    | 0.00%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Astonia Community Development District                                                                              | Astonia Community Development District, Series 2021                                                                      | CUSIP: 04625DAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $428921.30    | 0.01%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Denver International Business Center Metropolitan District No. 1                                                    | Denver International Business Center Metropolitan District No. 1, Series 2019 B                                          | CUSIP: 249197BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4290000 | PA      | $4202105.62   | 0.08%             | 2048-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Grand Oaks Community Development District                                                                           | Grand Oaks Community Development District, Series 2020                                                                   | CUSIP: 38611CAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2934654.80   | 0.06%             | 2052-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                                            | New Hampshire Business Finance Authority, Series 2020 A                                                                  | CUSIP: 63607YAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $92084.05     | 0.00%             | 2030-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Sunbridge Stewardship District                                                                                      | Sunbridge Stewardship District, Series 2022                                                                              | CUSIP: 86709HAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $919453.89    | 0.02%             | 2042-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                           | New Jersey Economic Development Authority, Series 2017 A                                                                 | CUSIP: 64577BG32<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2016388.25   | 0.04%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North AR-1 Pasco Community Development District                                                                     | North AR-1 Pasco Community Development District, Series 2021 A                                                           | CUSIP: 65725AAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $239188.68    | 0.00%             | 2031-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Forest Lake Community Development District                                                                          | Forest Lake Community Development District, Series 2022                                                                  | CUSIP: 34585PAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $685110.23    | 0.01%             | 2042-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Stillwater Community Development District                                                                           | Stillwater Community Development District, Series 2021                                                                   | CUSIP: 860725AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1358065.10   | 0.03%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Banning Lewis Ranch Regional Metropolitan District No. 1                                                            | Banning Lewis Ranch Regional Metropolitan District No. 1, Series 2018 A                                                  | CUSIP: 066639AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2125965.39   | 0.04%             | 2048-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Viridian Municipal Management District                                                                              | Viridian Municipal Management District, Series 2020                                                                      | CUSIP: 92823UAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    258000 | PA      | $215842.52    | 0.00%             | 2030-12-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                                                             | Tolomato Community Development District, Series 2022-2                                                                   | CUSIP: 889560EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $166642.96    | 0.00%             | 2032-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| City of Maryland Heights MO                                                                                         | City of Maryland Heights, Series 2020                                                                                    | CUSIP: 57407CAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2073361.75   | 0.04%             | 2038-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Southglenn Metropolitan District                                                                                    | Southglenn Metropolitan District, Series 2016                                                                            | CUSIP: 84437RAE7<br>LEI: 549300ETN4YRI5O2PU39 | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3444763.04   | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parrish Plantation Community Development District                                                                   | Parrish Plantation Community Development District, Series 2021                                                           | CUSIP: 701830AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $619789.92    | 0.01%             | 2041-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| San Mateo Union High School District                                                                                | San Mateo Union High School District, Series 2011 A                                                                      | CUSIP: 799017GU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $19069662.00  | 0.36%             | 2041-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                                                               | CSCDA Community Improvement Authority, Series 2021 A-2                                                                   | CUSIP: 126292AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $9562355.00   | 0.18%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |  21788775 | PA      | $16828518.97  | 0.32%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                                                    | Lakes of Sarasota Community Development District, Series 2021 B-1                                                        | CUSIP: 51206YAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $111637.51    | 0.00%             | 2031-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                                                              | County of Frederick, Series 2020 B                                                                                       | CUSIP: 355612AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1086829.36   | 0.02%             | 2043-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                            | Public Finance Authority, Series 2019 A                                                                                  | CUSIP: 74442PMU6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $7852164.85   | 0.15%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prairie Center Metropolitan District No. 7                                                                          | Prairie Center Metropolitan District No. 7, Series 2020                                                                  | CUSIP: 739491AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $434333.60    | 0.01%             | 2036-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Red Oak TX                                                                                                  | City of Red Oak, Series 2021                                                                                             | CUSIP: 756848AC1<br>LEI: 549300VOCS0JLIVKWD34 | Long             | DBT              | MUN               | US        |    500000 | PA      | $373042.35    | 0.01%             | 2041-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                                                           | Ohio Turnpike & Infrastructure Commission, Series 2013 A-4                                                               | CUSIP: 67760HKS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  35000000 | PA      | $40359175.50  | 0.77%             | 2035-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                                                           | River Hall Community Development District, Series 2020 A                                                                 | CUSIP: 768247AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $806518.63    | 0.02%             | 2040-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Cordova Palms Community Development District                                                                        | Cordova Palms Community Development District, Series 2022-2                                                              | CUSIP: 21864YAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1006672.37   | 0.02%             | 2042-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Broadway Park North Metropolitan District No. 2                                                                     | Broadway Park North Metropolitan District No. 2, Series 2020                                                             | CUSIP: 111561AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1427183.89   | 0.03%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cape Coral Health Facilities Authority                                                                              | Cape Coral Health Facilities Authority, Series 2015                                                                      | CUSIP: 13937TCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $4824993.08   | 0.09%             | 2045-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                                                         | George L Smith II Congress Center Authority, Series 2021 B                                                               | CUSIP: 37255MAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8323809.00   | 0.16%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    520047 | PA      | $477896.10    | 0.01%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                               | Metropolitan Transportation Authority, Series 2020 D                                                                     | CUSIP: 59261AH91<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  40000000 | PA      | $33186964.00  | 0.63%             | 2050-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cape Girardeau County Industrial Development Authority                                                              | Cape Girardeau County Industrial Development Authority, Series 2017 A                                                    | CUSIP: 139404GP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259447.03    | 0.00%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                                                        | Mississippi Development Bank, Series 2021                                                                                | CUSIP: 60534XLT1<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    800000 | PA      | $714955.92    | 0.01%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Baseline Metropolitan District No. 1                                                                                | Baseline Metropolitan District No. 1, Series 2021 B                                                                      | CUSIP: 069826AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $1914489.90   | 0.04%             | 2051-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Abbott Square Community Development District                                                                        | Abbott Square Community Development District, Series 2022                                                                | CUSIP: 00284AAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $901720.70    | 0.02%             | 2042-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                          | Illinois Finance Authority, Series 2021 A                                                                                | CUSIP: 45204FGC3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  13560000 | PA      | $11410818.65  | 0.22%             | 2055-11-01      | Fixed         | 5.12%                 | 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        |   5000000 | PA      | $4682795.00   | 0.09%             | 2042-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Edgewater East Community Development District                                                                       | Edgewater East Community Development District, Series 2021                                                               | CUSIP: 280286AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $393240.01    | 0.01%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                                         | Commonwealth of Puerto Rico, Series 2022 A-1                                                                             | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1648225 | PA      | $1693033.48   | 0.03%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                                                    | City of Lavon, Series 2022                                                                                               | CUSIP: 51946PBW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $866630.50    | 0.02%             | 2032-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Hammock Reserve Community Development District                                                                      | Hammock Reserve Community Development District, Series 2022                                                              | CUSIP: 408348AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476227.55    | 0.01%             | 2032-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| County of Medina TX                                                                                                 | County of Medina, Series 2021                                                                                            | CUSIP: 584735AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $712430.32    | 0.01%             | 2041-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Economic Development Corp.                                                                                | Kalamazoo Economic Development Corp., Series 2020 A                                                                      | CUSIP: 483228DX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $967698.48    | 0.02%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DW Bayview Community Development District                                                                           | DW Bayview Community Development District, Series 2021                                                                   | CUSIP: 23342SAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $307989.52    | 0.01%             | 2026-05-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

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

**Signature:** Jeffrey W. White

**Name of Signer:** Jeffrey W. White

**Title:** Assistant Treasurer