# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-004463
**Filing Date:** 2026-4
**Character Count:** 75676
**Document Hash:** ef4db54202c29e988e89c34fdecd08aa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-004463.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001099263-26-004463

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Exchange-Traded Funds, Inc.
- **CENTRAL INDEX KEY:** 0001795351

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23494
- **FILM NUMBER:** 26899736

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

## Series and Classes Contracts Data

### T. Rowe Price High Income Municipal ETF (Series ID: S000095886)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000264668 | T. Rowe Price High Income Municipal ETF | THYM            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** T. Rowe Price Exchange-Traded Funds, Inc.

- **b. Investment Company Act file number:** 811-23494

- **c. CIK number of Registrant:** 0001795351

- **d. LEI of Registrant:** 549300XZPUK24E1UMH17

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

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

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

- **a. Name of Series:** T. Rowe Price High Income Municipal ETF

- **b. EDGAR series identifier (if any):** S000095886

- **c. LEI of Series:** 254900IAXRMS6C2LLA91

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $25889210.34

**Total Liabilities:** $422428.15

**Net Assets:** $25466782.19

**Delayed Delivery Securities:** $714758.00

**Cash Not Reported:** $64242.59

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -104.389780 | **1-Year:** -608.973481 | **5-Year:** -2207.207037 | **10-Year:** -4551.021959 | **30-Year:** -2372.148327

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

- **3-Month:** -41.126843 | **1-Year:** -357.787121 | **5-Year:** -884.341121 | **10-Year:** -3104.017703 | **30-Year:** -3432.956047

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000264668 | 0.15%                | 0.89%                | 1.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1.26                   | $-43361.37                                 |
| Month 2  | $696.10                  | $113301.43                                 |
| Month 3  | $-738.10                 | $313857.33                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALLENTOWN PA NBRHD IMPT ZN AUTH FWD DEV      | ALLENTOWN PA NEIGHBORHOOD IMPT ALTDEV 05/33 FIXED 5         | CUSIP: 018444BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109966.51    | 0.43%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN PA NBRHD IMPT ZN CITY CTR 144A     | ALLENTOWN PA NEIGHBORHOOD IMPT ALTDEV 05/42 FIXED OID 5.375 | CUSIP: 018444BF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101379.39    | 0.40%             | 2042-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ANNA-REV 144A                                | ANNA TX SPL ASSMNT REVENUE ANNGEN 09/56 FIXED 5.7           | CUSIP: 035713BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100267.35    | 0.39%             | 2056-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV A 144A                   | ARIZONA ST INDL DEV AUTH EDU R AZSEDU 07/30 FIXED 4         | CUSIP: 04052BLQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $207074.72    | 0.81%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AZ ST ED REV DORAL ACA NV SR A               | ARIZONA ST INDL DEV AUTH EDU R AZSEDU 07/49 FIXED 5         | CUSIP: 04052BHZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $184603.32    | 0.72%             | 2049-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AZ ST INDL DEV AUTH-A                        | ARIZONA ST INDL DEV AUTH NATIO AZSEDU 11/42 FIXED 5         | CUSIP: 04052FEJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107335.08    | 0.42%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON HGR EDU-REF 144A                   | ARLINGTON TX HGR EDU FIN CORP ARLEDU 06/55 FIXED OID 5.75   | CUSIP: 041807PV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101683.31    | 0.40%             | 2055-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARLINGTON HGR EDU-A                          | ARLINGTON TX HGR EDU FIN CORP ARLEDU 08/45 FIXED 3          | CUSIP: 041806E63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $160378.50    | 0.63%             | 2045-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX CONV CNT SUB 2ND TR SER B          | AUSTIN CONVENTION ENTERPRISES AUSFAC 01/28 FIXED 5          | CUSIP: 052409EC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50399.63     | 0.20%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKS CNTY PA EXCH TOWER HLTH PJ SR A3       | BERKS CNTY PA MUNI AUTH BERFAC 06/39 FIXED 5                | CUSIP: 084538JH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    222000 | PA      | $212246.56    | 0.83%             | 2039-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY-E                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 07/33 FIXED 5          | CUSIP: 09182THJ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    200000 | PA      | $216841.82    | 0.85%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT-D-REF                             | BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR   | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    200000 | PA      | $222048.56    | 0.87%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT GAS DT-E                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR   | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    350000 | PA      | $386032.54    | 1.52%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKS DEV AUTH-A 144A                       | BROOKS DEV AUTH TX REVENUE BRKDEV 08/52 FIXED OID 5.5       | CUSIP: 114390AJ6<br>LEI: 254900CIQ3XBA01G8L37 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100220.65    | 0.39%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROOKS DEV AUTH-REV 144A                     | BROOKS DEV AUTH TX SPL FACS HO BRKDEV 08/52 FIXED OID 5.875 | CUSIP: 11440PAC3<br>LEI: 254900CIQ3XBA01G8L37 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97077.98     | 0.38%             | 2052-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOB STLMT SR B-2 CL 2             | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/55 FIXED 5          | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $330285.60    | 1.30%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKHEAD TRAILS II CD                        | BUCKHEAD TRAILS II CDD FL SPL BHTGEN 05/46 FIXED 5.5        | CUSIP: 11837KAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101740.56    | 0.40%             | 2046-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE-A 144A                    | BUILD NYC RESOURCE CORP NY REV BUIGEN 06/61 FIXED OID 5.625 | CUSIP: 12008EYB6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100194.13    | 0.39%             | 2061-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BUTLER CNTY HOSP AUTH                        | BUTLER CNTY PA HOSP AUTH BUTMED 07/35 FIXED 5               | CUSIP: 123592DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55036.51     | 0.22%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA CMNTY HSG AGY-A-1 144A                    | CALIFORNIA CMNTY HSG AGY ESSEN CCHHSG 02/57 FIXED OID 3     | CUSIP: 13013FBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $138795.88    | 0.55%             | 2057-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CA CMNTY HSG AGY EMERALD PARK SR A1 144A     | CALIFORNIA CMNTY HSG AGY ESSEN CCHHSG 08/56 FIXED 3         | CUSIP: 13013FAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $69855.97     | 0.27%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CA HSG FIN AGY CTFS SER A                    | CALIFORNIA HSG FIN AGY MUNI CT CASHSG 01/35 FIXED 4.25      | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |     83174 | PA      | $87670.50     | 0.34%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CA FIN STDNT ASCENT 613 PROJ SR A 144A       | CALIFORNIA MUN FIN AUTH STUDEN CASHSG 01/55 FIXED OID 5.375 | CUSIP: 13051EAJ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125139.50    | 0.49%             | 2055-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CA MUNI FIN AUTH-A                           | CALIFORNIA ST MUNI FIN AUTH CH CASFIN 07/65 FIXED OID 5.5   | CUSIP: 13048DDQ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    140000 | PA      | $132791.93    | 0.52%             | 2065-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CA MUNI FIN CLAREMONT STD HSG A-P3 144A      | CALIFORNIA ST MUNI FIN AUTH ST CASFIN 07/40 FIXED 5         | CUSIP: 13049YEQ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201844.26    | 0.79%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA STATEWIDE DEV-C-1                         | CALIFORNIA ST STWD CMNTYS DEV CASDEV 09/40 FIXED 5          | CUSIP: 13078YXQ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    300000 | PA      | $324881.76    | 1.28%             | 2040-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA STWD DEV AUTH-C-2                         | CALIFORNIA ST STWD CMNTYS DEV CASDEV 09/40 FIXED OID 4.25   | CUSIP: 13078YYH2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    215000 | PA      | $216091.36    | 0.85%             | 2040-09-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST REV TECH PROJ SR A 144A        | CAPITAL TRUST AUTH FL EDUCTNL CTSEDU 07/55 FIXED OID 5.25   | CUSIP: 14054WBW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195186.32    | 0.77%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE-MECK HOSP NC HLTH C DLY            | CHARLOTTE MECKLENBURG NC HOSP CHAMED 01/37 ADJUSTABLE VAR   | CUSIP: 160853MS3<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.96%             | 2037-01-15      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| CHESTER CO PA DEV COLLEGIUM CHARTER 144A     | CHESTER CNTY PA INDL DEV AUTH CHEDEV 10/52 FIXED 6          | CUSIP: 165588FN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249964.93    | 0.98%             | 2052-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHESTERTOWN-REV-REF                          | CHESTERTOWN MD ECON DEV PROJ R CHEDEV 03/55 FIXED OID 6.5   | CUSIP: 166630AY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101135.57    | 0.40%             | 2055-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO OHARE INTL ARPT SNR LN SR A AMT      | CHICAGO IL O HARE INTERNATIONA CHITRN 01/59 FIXED 5.5       | CUSIP: 1675934T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104431.90    | 0.41%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CMFA HSG REV ALLURE APPTS SR A1 144A         | CMFA SPL FIN AGY XII CA ESSENT CMFHSG 02/57 FIXED OID 3.25  | CUSIP: 12574XAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $146423.66    | 0.57%             | 2057-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN-A 144A                     | COLUMBUS FRANKLIN CNTY OH FIN COLMFH 01/46 FIXED 6.05       | CUSIP: 19910XAR7<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102274.41    | 0.40%             | 2046-01-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CT ST HLTH & EDU REV MASONICARE SER F        | CONNECTICUT ST HLTH   EDUCTNL CTSMED 07/37 FIXED 5          | CUSIP: 20774YW37<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150476.78    | 0.59%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT HSG DUBLIN SER B 144A       | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 02/57 FIXED 4         | CUSIP: 126292AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $154873.58    | 0.61%             | 2057-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CO HOSP                             | CUYAHOGA CNTY OH HOSP REVENUE CUYMED 02/37 FIXED 5          | CUSIP: 2322655P9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201686.98    | 0.79%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH-A-2 AMT                    | DALLAS FORT WORTH TX INTERNATI DALAPT 11/50 ADJUSTABLE VAR  | CUSIP: 23503CFK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214566.46    | 0.84%             | 2050-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ECO DEV AUTH ASPIRA PROJ SER A      | DELAWARE ST ECON DEV AUTH CHRT DESEDU 06/52 FIXED 4         | CUSIP: 246372BC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $308147.20    | 1.21%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DE ST EDA NEWARK CHRTR SCH INC SER A         | DELAWARE ST ECON DEV AUTH REVE DESDEV 09/46 FIXED 5         | CUSIP: 246387RS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275177.05    | 1.08%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV SER A AMT     | DENVER CITY   CNTY CO ARPT REV DENAPT 12/37 FIXED 5         | CUSIP: 249182LT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105171.50    | 0.41%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CO CONVENTION CTR HOTEL SENIOR        | DENVER CO CONVENTION CENTER HO DENFAC 12/36 FIXED 5         | CUSIP: 249189DQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100885.99    | 0.40%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DC-KIPP-SER A-REF                            | DIST OF COLUMBIA REVENUE DISREV 07/42 FIXED 5               | CUSIP: 25483VTD6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202831.82    | 0.80%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REV INGLESIDE RC SER A      | DIST OF COLUMBIA REVENUE DISREV 07/42 FIXED OID 5           | CUSIP: 25483VSF2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100377.90    | 0.39%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIRETHORN CDD                                | FIRETHORN CDD FL CAPITAL IMPT FTNGEN 05/55 FIXED 5.6        | CUSIP: 31832AAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100293.54    | 0.39%             | 2055-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FULTON RSDL AUTH CANTERBURY SER A 144A       | FULTON CNTY GA RSDL CARE FACS FULMED 04/47 FIXED 5          | CUSIP: 360058FF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98510.28     | 0.39%             | 2047-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GAITHERSBURG MD ECON ASBURY SER A            | GAITHERSBURG MD ECON DEV REVEN GAIDEV 01/33 FIXED 5         | CUSIP: 363128CT4<br>LEI: 549300UFHDHDCHDE0F65 | Long             | DBT              | MUN               | US        |    125000 | PA      | $127622.00    | 0.50%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GENESEE CO CORP-A                            | GENESEE CNTY NY FUNDING CORP GEFDEV 12/55 FIXED 5.5         | CUSIP: 371669BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104422.59    | 0.41%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GEO SMITH II GA CONV CTR AUTH HTL SER A      | GEO L SMITH II GA CONGRESS CTR GLSFAC 01/54 FIXED 4         | CUSIP: 37255MAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $125158.53    | 0.49%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA HSG & FIN-G                          | GEORGIA ST HSG   FIN AUTH REVE GASHSG 06/55 FIXED 4.95      | CUSIP: 37353PUM9<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504990.05    | 1.98%             | 2055-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SEC TOBACCO SUB SR B-2     | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/66 ZEROCPNOID 0    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $213231.00    | 0.84%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS ECON DEV                        | GRAND RAPIDS MI ECON DEV CORP GRADEV 11/60 FIXED OID 6.125  | CUSIP: 386246HK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100794.59    | 0.40%             | 2060-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HANOVER CO VA EDA COVENANT WOODS REF         | HANOVER CNTY VA ECON DEV AUTHR HANDEV 07/51 FIXED 5         | CUSIP: 41077CAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $114943.60    | 0.45%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL REV FIRST LIEN SER A     | HARRIS CNTY TX TOLL ROAD REVEN HARTRN 08/49 FIXED OID 4     | CUSIP: 41423PDY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94800.00     | 0.37%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HIGHLAND TRAILS CDD                          | HIGHLAND TRAILS CDD FL CAPITAL HTRDEV 05/56 FIXED 5.85      | CUSIP: 430813AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100617.88    | 0.40%             | 2056-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV SUB SR A AMT         | HOUSTON TX ARPT SYS REVENUE HOUAPT 07/41 FIXED 4            | CUSIP: 442349FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94556.72     | 0.37%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IL ST FIN AUTH REV PLYMOUTH PLACE SER A      | ILLINOIS ST FIN AUTH REVENUE ILSGEN 05/36 FIXED 5           | CUSIP: 45204FHS7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81738.89     | 0.32%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH SER A 144A              | ILLINOIS ST FIN AUTH REVENUE ILSGEN 08/53 FIXED OID 5.625   | CUSIP: 45204FUE3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103012.34    | 0.40%             | 2053-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SER C                            | ILLINOIS ST ILS 10/42 FIXED OID 4                           | CUSIP: 4521527G0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    200000 | PA      | $192924.30    | 0.76%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IA ST AUTH REV UNI POINT HLTH SR E DLY       | IOWA ST FIN AUTH REVENUE IASGEN 02/41 ADJUSTABLE VAR        | CUSIP: 46246K5H1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 1.57%             | 2041-02-15      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| JAMES CITY CO EDA WILLIAMSBURG SER A         | JAMES CITY CNTY VA ECON DEV AU JAMDEV 12/50 FIXED 4         | CUSIP: 47029WED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $79894.67     | 0.31%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KALAMAZOO ECON DEV-A 144A                    | KALAMAZOO MI ECON DEV CORP KALDEV 08/61 FIXED 6.25          | CUSIP: 483228EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101819.27    | 0.40%             | 2061-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KALISPELL MT HSG IMMANUEL LUTHERAN SER A     | KALISPELL MT HSG   HLTHCARE FA KALMED 05/47 FIXED 5.25      | CUSIP: 48342YAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47811.53     | 0.19%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KS CITY INDL DEV-REF 144A                    | KANSAS CITY MO INDL DEV AUTH KANDEV 01/48 FIXED 6           | CUSIP: 48503SGS2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102603.51    | 0.40%             | 2048-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KY ST ECON OWENSBORO MED HLTH SER A          | KENTUCKY ST ECON DEV FIN AUTH KYSDEV 06/45 FIXED 5          | CUSIP: 49126KKF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220586.74    | 0.87%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KY ST PUB ENERGY GAS SPLY REV SER A-1        | KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 05/55 ADJUSTABLE VAR  | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107148.44    | 0.42%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKE FLORES CDD                              | LAKE FLORES CDD FL SPL ASSMNT LFLDEV 05/56 FIXED 5.75       | CUSIP: 509682AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100851.81    | 0.40%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LANCASTER CO HOSP AUT                        | LANCASTER CNTY PA HOSP AUTH LANMED 07/37 FIXED 4.75         | CUSIP: 514045S53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160067.79    | 0.63%             | 2037-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LAVON-REV                                    | LAVON TX SPL ASSMT REVENUE LVNGEN 09/55 FIXED 5.75          | CUSIP: 51946PCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100651.32    | 0.40%             | 2055-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH-E                          | MAINE ST HSG AUTH MTGE PURCHAS MESHSG 11/55 FIXED 4.9       | CUSIP: 56052FZ40<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504738.65    | 1.98%             | 2055-11-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MANHATTAN HLTH-A                             | MANHATTAN KS HLTH CARE FAC REV MANMED 06/60 FIXED OID 5.5   | CUSIP: 563017EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100827.14    | 0.40%             | 2060-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MD ST ECON PRPLE LINE LT RAIL SR BP3 AMT     | MARYLAND ST ECON DEV CORP PRIV MDSDEV 06/52 FIXED 5.25      | CUSIP: 57422JBZ0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    450000 | PA      | $451605.20    | 1.77%             | 2052-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MD HLTH & HGR ED FAC AUTH REV EDENWALD       | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/37 FIXED 5.25      | CUSIP: 574218A29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100066.88    | 0.39%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MD H&H ED FACS ADVENTIST HLTHCRE SER A       | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/46 FIXED 5.5       | CUSIP: 574218T37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252210.90    | 0.99%             | 2046-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MD H&H ED FACS ADVENTIST HLTHCRE SER B       | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/51 FIXED 4         | CUSIP: 57421CDC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $84808.40     | 0.33%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MD ST H&H ED FACS REV FREDERICK HLTH SYS     | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 07/45 FIXED 4         | CUSIP: 57421CAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $139270.40    | 0.55%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MD HLTH & HGR EDU-A                          | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 07/56 FIXED 5.5       | CUSIP: 57421CMM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104256.46    | 0.41%             | 2056-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MA ST DEV FIN AG MERRIMACK CLG SR A 144A     | MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/54 FIXED OID 5     | CUSIP: 57585BBT4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    200000 | PA      | $196383.84    | 0.77%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MA DEV FIN UMASS STUDENT HOUSING             | MASSACHUSETTS ST DEV FIN AGY R MASDEV 10/41 FIXED 5         | CUSIP: 57584XZZ7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30075.41     | 0.12%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MA DEV FIN AGY-A                             | MASSACHUSETTS ST DEV FIN AGY R MASDEV 10/49 FIXED 6         | CUSIP: 57585BTF5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108159.74    | 0.42%             | 2049-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MED UNIV HOSP AUTH                           | MED UNIV SC HOSP AUTH HOSP MTG MDUMED 05/46 FIXED 5.25      | CUSIP: 58463YBM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211113.50    | 0.83%             | 2046-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASH & DAVID TN HLTH & EDU SR A     | MET GOVT NASHVILLE   DAVIDSONC METHGR 07/46 FIXED 5         | CUSIP: 592041WH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100177.38    | 0.39%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX EDC NATGASOLINE REF AMT 144A      | MISSION TX ECON DEV CORP REVEN MISDEV 10/31 FIXED OID 4.625 | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100405.33    | 0.39%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MOBILE CO AL WST DISP PROJ SR B AMT          | MOBILE CNTY AL INDL DEV AUTH S MOBPOL 12/54 FIXED OID 4.75  | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95652.85     | 0.38%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MUSKINGUM CO OH HOSP GENESIS HLTH            | MUSKINGUM CNTY OH HOSP FACS MUSMED 02/48 FIXED OID 5        | CUSIP: 628077CK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97403.25     | 0.38%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH CTFS SR 2024-1 CLASS A     | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 07/41 FIXED OID 4.25  | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     97714 | PA      | $100415.42    | 0.39%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH VISTA PRJ SR A 144A     | NATIONAL FIN AUTH NH REVENUE NFADEV 07/46 FIXED 5.625       | CUSIP: 63607YAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25175.18     | 0.10%             | 2046-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH VISTA PRJ SR A 144A     | NATIONAL FIN AUTH NH REVENUE NFADEV 07/54 FIXED 5.75        | CUSIP: 63607YAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200573.26    | 0.79%             | 2054-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NH ST HLTH & EDU FACS KENDEL AT HANOVER      | NEW HAMPSHIRE ST HLTH   EDU FA NHSMED 10/40 FIXED 5         | CUSIP: 6446143P2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95624.53     | 0.38%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED                         | NEW HOPE CULTURAL ED FACS FIN NHPFAC 01/60 FIXED OID 5.375  | CUSIP: 64542UHZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200150.40    | 0.79%             | 2060-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NJ EDA D&W AMT REP PORT RAIL TRM PR 144A     | NEW JERSEY ST ECON DEV AUTH DO NJSDEV 01/35 FIXED OID 6.375 | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158088.35    | 0.62%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NJ ST EDA LIONS GATE PROJ                    | NEW JERSEY ST ECON DEV AUTH RE NJSDEV 01/34 FIXED OID 5     | CUSIP: 64577BAQ7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40017.75     | 0.16%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NJ ECON DEV AUTH GOETHALS BRIDGE AMT         | NEW JERSEY ST ECON DEV AUTH RE NJSDEV 01/34 FIXED OID 5.125 | CUSIP: 6459182A0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200415.42    | 0.79%             | 2034-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NJ ST EDA LIONS GATE PROJ                    | NEW JERSEY ST ECON DEV AUTH RE NJSDEV 01/44 FIXED OID 5.25  | CUSIP: 64577BAR5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     35000 | PA      | $34651.66     | 0.14%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW PORT CORNERS CDD 144A                    | NEW PORT CORNERS CDD FL SPL AS NWPDEV 06/55 FIXED 5.5       | CUSIP: 648122AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100298.38    | 0.39%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NYC TRANSTNL FIN-E-1                         | NEW YORK CITY NY TRANSITIONAL NYCGEN 02/42 FIXED OID 3.625  | CUSIP: 64971WTY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $192324.10    | 0.76%             | 2042-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NY ST DORM REV ORNG REGNL MED CEN 144A       | NEW YORK ST DORM AUTH REVENUES NYSHGR 12/31 FIXED 5         | CUSIP: 64990CPW5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200598.84    | 0.79%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NY TRANSPRTN DEV CORP AMT                    | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/59 FIXED 6         | CUSIP: 650116JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213277.32    | 0.84%             | 2059-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NY ST TRANS DEV FAC AMER AIRLNS ARPT AMT     | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 08/31 FIXED OID 5.25  | CUSIP: 650116CV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209298.58    | 0.82%             | 2031-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NY ST TRANS DEV FAC LAGUARDIA ARPT AMT       | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 10/40 FIXED 5         | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103498.91    | 0.41%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWPORT NEWS VA DEV RSDL FACS LIFESPIRE      | NEWPORT NEWS VA ECON DEV AUTH NEWDEV 12/29 FIXED OID 3.5    | CUSIP: 65225PAN6<br>LEI: 549300WZQTRG07G0UZ88 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200059.20    | 0.79%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEWPORT NEWS VA DEV RSDL FACS LIFESPIRE      | NEWPORT NEWS VA ECON DEV AUTH NEWDEV 12/38 FIXED 5          | CUSIP: 65225PAM8<br>LEI: 549300WZQTRG07G0UZ88 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45041.94     | 0.18%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA HSG FT NORFOLK RTRMNT CMTY        | NORFOLK VA REDEV   HSG AUTH RE NORDEV 01/46 FIXED 5.375     | CUSIP: 655909CH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25002.64     | 0.10%             | 2046-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA HSG NORFOLK RTRMNT CMTY SR B      | NORFOLK VA REDEV   HSG AUTH RE NORDEV 01/49 FIXED 5         | CUSIP: 655909CM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $90331.04     | 0.35%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NC MED CARE-B-1                              | NORTH CAROLINA ST MED CARE COM NCSMED 11/31 FIXED 4         | CUSIP: 65820YVP8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    160000 | PA      | $160759.10    | 0.63%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OH AIR QLTY DEV AUTH PRAT PAPER 144A AMT     | OHIO ST AIR QUALITY DEV AUTH E OHSDEV 01/38 FIXED 4.25      | CUSIP: 67754AAD6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201588.00    | 0.79%             | 2038-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUAL ADV METALLUR 144A AMT       | OHIO ST AIR QUALITY DEV AUTH E OHSDEV 07/49 FIXED 5         | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    100000 | PA      | $93137.63     | 0.37%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OK ST TURNPIKE AUTH SER A                    | OKLAHOMA ST TURNPIKE AUTH OKSTRN 01/54 FIXED 5.5            | CUSIP: 679111E91<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108572.78    | 0.43%             | 2054-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PA ST ECON PENN MJR BRDGE PRJ P3 AMT         | PENNSYLVANIA ST ECON DEV FING PASDEV 06/61 FIXED 6          | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212563.76    | 0.83%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PA ECON DEV FING AMT                         | PENNSYLVANIA ST ECON DEV FING PASDEV 12/38 FIXED OID 4.125  | CUSIP: 70869PHW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197967.00    | 0.78%             | 2038-12-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA INDL SNR LVNG WESLEY SER A      | PHILADELPHIA PA AUTH FOR INDL PHIDEV 07/42 FIXED 5          | CUSIP: 717824AQ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100135.09    | 0.39%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA-PREREF PRE                      | PHILADELPHIA PA AUTH FOR INDL PHIDEV 11/47 FIXED 5          | CUSIP: 71781XHE6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51564.12     | 0.20%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA-UNREFUND                        | PHILADELPHIA PA AUTH FOR INDL PHIDEV 11/47 FIXED 5          | CUSIP: 71781XHG1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50022.01     | 0.20%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHX AZ STD HSG REV AZ ST UNIV PJ II SR A     | PHOENIX AZ INDL DEV AUTH STUDE PHODEV 07/59 FIXED 5         | CUSIP: 71885DEH1<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    150000 | PA      | $143801.97    | 0.56%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POLK CO INDL DEV AUTH 144A                   | POLK CNTY FL INDL DEV AUTH CHR POKEDU 06/55 FIXED OID 6     | CUSIP: 731121AD1<br>LEI: 549300UTRO4TAORRAL04 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100408.41    | 0.39%             | 2055-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX JEFF GULF COAST EN 144A AMT | PORT BEAUMONT TX NAV DIST DOCK PTBTRN 01/35 FIXED 3.625     | CUSIP: 73360CAC8<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    100000 | PA      | $94632.83     | 0.37%             | 2035-01-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH -A 144A                         | PUBLIC FIN AUTH WI EDU REVENUE PUBEDU 07/33 FIXED OID 4     | CUSIP: 74442ENV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101007.87    | 0.40%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH W CELANESE PJ SR C AMT       | PUBLIC FIN AUTH WI EXEMPT FACS PUBFIN 11/30 FIXED 4.3       | CUSIP: 74443QAD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100055.91    | 0.39%             | 2030-11-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN RETMNT REV SOUTHMINSTER 144A      | PUBLIC FIN AUTH WI RETMNT FAC PUBFIN 10/43 FIXED 5          | CUSIP: 74444VAF7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201946.72    | 0.79%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PFA WI ROSEMAN UNIV HLTH SCI 144A            | PUBLIC FIN AUTH WI REVENUE PUBGEN 04/52 FIXED 4             | CUSIP: 74442PA39<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $161446.50    | 0.63%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PFA WI REV SEARSTONE CCRC PROJ SER A 144A    | PUBLIC FIN AUTH WI REVENUE PUBGEN 06/37 FIXED 5             | CUSIP: 74442PTP0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155218.17    | 0.61%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PFA WI REV SEARSTONE CCRC PROJ SER A 144A    | PUBLIC FIN AUTH WI REVENUE PUBGEN 06/52 FIXED 5             | CUSIP: 74442PTR6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     30000 | PA      | $27284.40     | 0.11%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLC FIN AUTH WI MARYS WOODS SER A 144A     | PUBLIC FIN AUTH WI SENIOR LIVI PUBFIN 05/37 FIXED 5.25      | CUSIP: 74443UAZ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     95000 | PA      | $96188.96     | 0.38%             | 2037-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH-A                            | PUBLIC FIN AUTH WI STUDENT HSG PUBFIN 07/45 FIXED 5         | CUSIP: 74439YGT2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104351.18    | 0.41%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH-AMT AMT                         | PUBLIC FIN AUTH WI TOLL REVENU PUBTRN 06/60 FIXED OID 5.75  | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    165000 | PA      | $172809.93    | 0.68%             | 2060-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                | PUERTO RICO CMWLTH PRC 07/29 FIXED 5.625                    | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    100000 | PA      | $106814.62    | 0.42%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                | PUERTO RICO CMWLTH PRC 07/37 FIXED 4                        | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    168000 | PA      | $168205.20    | 0.66%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                | PUERTO RICO CMWLTH PRC 07/46 FIXED 4                        | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    500000 | PA      | $450770.80    | 1.77%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH CVI-SUBSER CW HTA 98 TXBL         | PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR                 | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    417984 | PA      | $289453.86    | 1.14%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH SUBSER PRIFA RUM TXBL             | PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR                 | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     38406 | PA      | $23715.48     | 0.09%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PREPA-SER TT-PSA                             | PUERTO RICO ELEC PWR AUTH PW 07/19 4.2                      | CUSIP: 74526YAU9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     25000 | PA      | $16687.50     | 0.07%             | 2026-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PR ELEC SER TT                               | PUERTO RICO ELEC PWR AUTH PWR PRCPWR 07/19 FIXED OID 4.2    | CUSIP: 74526QG48<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     25000 | PA      | $16687.50     | 0.07%             | 2026-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PR ELEC-WW                                   | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/19 FIXED 5.5       | CUSIP: 74526QX23<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     20000 | PA      | $13350.00     | 0.05%             | 2026-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PR ELEC SER TT                               | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/19 FIXED OID 4.2   | CUSIP: 74526QKM3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     15000 | PA      | $10012.50     | 0.04%             | 2026-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PR ELEC-REF-DDD                              | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/21 FIXED 5         | CUSIP: 74526QK84<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     15000 | PA      | $10012.50     | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PR ELEC-REF-DDD                              | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/22 FIXED OID 3.75  | CUSIP: 74526QZG0<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |      5000 | PA      | $3337.50      | 0.01%             | 2026-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PR ELEC PWR AUTH REV SER ZZ-RSA-1            | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/24 FIXED 5.25      | CUSIP: 74526QN57<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     20000 | PA      | $13350.00     | 0.05%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PR ELEC PWR-CCC                              | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/28 FIXED 5         | CUSIP: 74526QS60<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     25000 | PA      | $16656.25     | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PR ELEC PWR AUTH REV SER WW-RSA-1            | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/28 FIXED OID 5     | CUSIP: 74526QS29<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     20000 | PA      | $13325.00     | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PR ELEC PWR-A                                | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/29 FIXED OID 4.8   | CUSIP: 74526QT28<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     75000 | PA      | $49968.75     | 0.20%             | 2029-07-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PR ELEC PWR AUTH REV SER XX-RSA-1            | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/35 FIXED OID 5.25  | CUSIP: 74526QU91<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     15000 | PA      | $9993.75      | 0.04%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PR ELEC PWR AUTH REV SER XX-RSA-1            | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/40 FIXED OID 5.25  | CUSIP: 74526QV66<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     10000 | PA      | $6662.50      | 0.03%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PREPA-SER A-PSA                              | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/42 FIXED 5         | CUSIP: 74526YDG7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    100000 | PA      | $66625.00     | 0.26%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING SALES TAX REV SER A1       | PUERTO RICO SALES TAX FING COR PRCGEN 07/34 FIXED OID 4.5   | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    100000 | PA      | $100021.57    | 0.39%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING SALES TAX REV SER A1       | PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0    | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    269000 | PA      | $96272.73     | 0.38%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING SALES TAX REV SER A1       | PUERTO RICO SALES TAX FING COR PRCGEN 07/53 FIXED OID 4.75  | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |     21000 | PA      | $20436.01     | 0.08%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING-B1                         | PUERTO RICO SALES TAX FING COR PRCGEN 07/58 FIXED OID 5     | CUSIP: 74529JQM0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    500000 | PA      | $487178.15    | 1.91%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENO NV SALES TAX REV RETRAC TRANS 144A      | RENO NV SALES TAX REVENUE RENGEN 07/58 ZEROCPNOID 0         | CUSIP: 759861EJ2<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |    500000 | PA      | $79364.15     | 0.31%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROCKDALE CNTY GA DEV 144A AMT                | ROCKDALE CNTY GA DEV AUTH ROCDEV 01/38 FIXED 4              | CUSIP: 773008AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250826.23    | 0.98%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S E ALABAMA ST GAS SP                        | S E ALABAMA ST GAS SPLY DIST G SOUUTL 08/54 ADJUSTABLE VAR  | CUSIP: 84131TBA9<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108488.11    | 0.43%             | 2054-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ST LOUIS CTY MO IDA NAZ LIV CTR PRJ SR A     | SAINT LOUIS CNTY MO INDL DEV A STLMED 08/35 FIXED 5         | CUSIP: 79130GHH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100014.12    | 0.39%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO BALLPRK VLG PROJ SER A        | SAINT LOUIS MO INDL DEV AUTH F STLGEN 11/47 FIXED OID 4.75  | CUSIP: 85236BAC6<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    200000 | PA      | $176222.02    | 0.69%             | 2047-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV AMT SER A         | SALT LAKE CITY UT ARPT REVENUE SALAPT 07/53 FIXED 5.25      | CUSIP: 795576MD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103283.24    | 0.41%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FNL CORP SNR GAS REV           | SALT VERDE AZ FINANCIAL CORP S SLTPWR 12/37 FIXED OID 5     | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |    205000 | PA      | $228322.42    | 0.90%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO APT-D AMT                      | SAN FRANCISCO CA CITY  CNTY AR SFOAPT 05/55 FIXED 5.5       | CUSIP: 79766DXZ7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    200000 | PA      | $215173.00    | 0.84%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAVANNAH-A-REF                               | SAVANNAH GA HOSP AUTH SAVMED 07/36 FIXED 4                  | CUSIP: 804833FB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201911.88    | 0.79%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ ED REV AMER PROJ 144A        | SIERRA VISTA AZ INDL DEV AUTH SIEDEV 06/64 FIXED OID 5      | CUSIP: 82652UAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $85138.82     | 0.33%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SC JOBS ECON DEV AUTH                        | SOUTH CAROLINA ST JOBS ECON DE SCSDEV 04/56 FIXED OID 5.375 | CUSIP: 837031J79<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101088.92    | 0.40%             | 2056-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOB                        | SOUTH CAROLINA ST JOBS ECON DE SCSDEV 11/32 FIXED OID 4     | CUSIP: 837031WJ8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50282.25     | 0.20%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SC JOBS ECON DEV-A                           | SOUTH CAROLINA ST JOBS ECON DE SCSEDU 06/33 FIXED OID 5.5   | CUSIP: 83704MFX9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100370.63    | 0.39%             | 2033-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SD HSG DEV AUTH-A                            | SOUTH DAKOTA ST HSG DEV AUTH SDSHSG 05/51 FIXED 4.85        | CUSIP: 83756LGA7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101354.06    | 0.40%             | 2051-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY-H                           | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 11/35 FIXED 5         | CUSIP: 84136HDM2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    200000 | PA      | $219541.66    | 0.86%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUMMIT CO OH UNIV OF AKRON PARKING PROJ      | SUMMIT CNTY OH DEV FIN AUTH PK SUMDEV 12/58 FIXED OID 6     | CUSIP: 86607JAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267117.68    | 1.05%             | 2058-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SUMMIT CO DEV FIN-A                          | SUMMIT CNTY OH DEV FIN AUTH ST SUMHSG 07/60 FIXED 5.5       | CUSIP: 86607LAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105101.98    | 0.41%             | 2060-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TARRANT CO CULTURAL BAYLOR HLTH SR D DLY     | TARRANT CNTY TX CULTURAL EDU F TAREDU 11/63 ADJUSTABLE VAR  | CUSIP: 87638QVH9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.96%             | 2063-11-15      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACT NTE MBL SEG 3C REV AMT     | TEXAS ST PRIV ACTIVITY BOND SU TXSTRN 06/58 FIXED 5         | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199834.48    | 0.78%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT-A2                        | TOBACCO SETTLEMENT AUTH IA TOB TOBGEN 06/39 FIXED 4         | CUSIP: 888805CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198324.54    | 0.78%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOB SETTLE FING CORP NJ SER B                | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5         | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197865.62    | 0.78%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO STLMNT SNR B1                        | TOBACCO SETTLEMENT FING CORP V TOBGEN 06/47 FIXED OID 5     | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $169573.96    | 0.67%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VI HOTEL DEV FIN-A-1                         | VIRGIN ISLANDS HOTEL DEV FING VGNFAC 12/55 FIXED OID 6      | CUSIP: 92766AAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    100000 | PA      | $100338.48    | 0.39%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VA SML BFA PRIV TRAN 66 P3 PROJ AMT          | VIRGINIA SMALL BUSINESS FING A VASDEV 12/47 FIXED 5         | CUSIP: 928097AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100120.12    | 0.39%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VA SML BFA PRIV TRAN 66 P3 PROJ AMT          | VIRGINIA SMALL BUSINESS FING A VASDEV 12/56 FIXED 5         | CUSIP: 928097AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $373823.59    | 1.47%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WA ST HSG FIN COMM SOC CERT SER A-1          | WASHINGTON ST HSG FIN COMMISSI WASHSG 12/35 FIXED 3.5       | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    100644 | PA      | $99887.62     | 0.39%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CO -A 144A                       | WESTCHESTER CNTY NY LOCAL DEV WSTDEV 12/65 FIXED OID 6.5    | CUSIP: 95737TGC4<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103011.12    | 0.40%             | 2065-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WESTMINSTER MD LUTH VLG MILLERS SR A         | WESTMINSTER MD PROJ REVENUE WESGEN 07/34 FIXED 6            | CUSIP: 960735AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45048.59     | 0.18%             | 2034-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WESTMINSTER MD LUTH VLG MILLERS SR A         | WESTMINSTER MD PROJ REVENUE WESGEN 07/44 FIXED OID 6.25     | CUSIP: 960735AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65032.66     | 0.26%             | 2044-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WHITESTOWN TWN -REV 144A                     | WHITESTOWN IN ECON DEV REVENUE WTTDEV 09/50 FIXED 6         | CUSIP: 966095AV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100440.53    | 0.39%             | 2050-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEADSP PROJ SER A       | WOODBURY MN CHRT SCH LEASE REV WDBEDU 07/51 FIXED 4         | CUSIP: 979134AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $75779.08     | 0.30%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-06

**Name of Applicant:** T. Rowe Price Exchange-Traded Funds, Inc.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President