# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-25-003403
**Filing Date:** 2025-10
**Character Count:** 61280
**Document Hash:** 5cde866e50b04f75f7187994cd4fee79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-003403.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0002071691-25-003403

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 251418398

**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 MASSACHUSETTS TAX-FREE INCOME FUND (Series ID: S000006918)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018769 | CLASS A1      | FMISX           |
| C000018770 | CLASS C       | FMAIX           |
| C000079636 | ADVISOR CLASS | FMAHX           |
| C000194359 | Class R6      | FKTMX           |
| C000205897 | Class A       | FMAQX           |

## 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 Massachusetts Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006918

- **c. LEI of Series:** 549300XZPZ7F8I55V541

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

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

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $332091126.23

**Total Liabilities:** $1153042.63

**Net Assets:** $330938083.60

**Cash Not Reported:** $200856.40

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -972.35000000 | **5-Year:** -9631.47000000 | **10-Year:** -90168.77000000 | **30-Year:** -124797.66000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** -7817.25000000 | **30-Year:** -10383.84000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018769 | 0.74%                | -0.72%               | 0.69%                |
| Class ID C000079636 | 0.65%                | -0.71%               | 0.70%                |
| Class ID C000018770 | 0.59%                | -0.76%               | 0.73%                |
| Class ID C000205897 | 0.63%                | -0.63%               | 0.67%                |
| Class ID C000194359 | 0.75%                | -0.70%               | 0.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-565563.29              | $1958490.87                                |
| Month 2  | $-696307.71              | $-2514980.45                               |
| Month 3  | $-2952360.76             | $4354992.40                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2017                                                                  | CUSIP: 57584X3E9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4648874.50   | 1.40%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2022                                                                  | CUSIP: 57584YU49<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    520000 | PA      | $419441.52    | 0.13%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                    | Massachusetts Port Authority, Series 2021 B                                                                            | CUSIP: 575896WA9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1208035.83   | 0.37%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                         | Massachusetts Health & Educational Facilities Authority, Series M-2                                                    | CUSIP: 57586CT21<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |   8600000 | PA      | $9957407.66   | 3.01%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2017                                                                  | CUSIP: 57584X2D2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1091832.94   | 0.33%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021 I                                                                | CUSIP: 57584YK32<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2692095.90   | 0.81%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                            | Massachusetts Housing Finance Agency, Series 2012 F                                                                    | CUSIP: 57586NPY1<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    105000 | PA      | $103456.54    | 0.03%             | 2032-12-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                                     | Pecan Public Facility Corp., Series 2022 A-2                                                                           | CUSIP: 705125AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1003368.10   | 0.30%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                   | Massachusetts Educational Financing Authority, Series 2017 B                                                           | CUSIP: 57563RPF0<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2050794.08   | 0.62%             | 2046-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                            | Massachusetts Housing Finance Agency, Series 2012 F                                                                    | CUSIP: 57586NPZ8<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |     45000 | PA      | $40975.68     | 0.01%             | 2037-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2023 M                                                                | CUSIP: 57584Y7K9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3750590.93   | 1.13%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | Commonwealth of Massachusetts, Series 2022 E                                                                           | CUSIP: 57582R2C9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3033997.20   | 0.92%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2002 A                                                                | CUSIP: 57583FZE4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5670335.55   | 1.71%             | 2042-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BJF6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2293380.75   | 0.69%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | Commonwealth of Massachusetts, Series A                                                                                | CUSIP: 57582RMW3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5080835.50   | 1.54%             | 2042-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2018                                                                  | CUSIP: 57584YMH9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3055466.70   | 0.92%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | Massachusetts Bay Transportation Authority, Series 2025 B                                                              | CUSIP: 5755792J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5190254.00   | 1.57%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2018 J-2                                                              | CUSIP: 57584YJK6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3270000 | PA      | $3466827.19   | 1.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2018                                                                  | CUSIP: 57584YGL7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1239956.64   | 0.37%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021                                                                  | CUSIP: 57584YL56<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1612309.40   | 0.49%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series N                                                                     | CUSIP: 57585BNZ7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   8830000 | PA      | $9046225.51   | 2.73%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue     | Massachusetts Transportation Trust Fund, Series 2019 B-1                                                               | CUSIP: 57563CDX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1057463.64   | 0.32%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BMD7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507128.80    | 0.15%             | 2055-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                      | Capital Trust Agency, Inc., Series 2021 A-1                                                                            | CUSIP: 14052TDY7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    750000 | PA      | $476924.18    | 0.14%             | 2057-01-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BMC9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255978.15    | 0.08%             | 2050-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2024 D                                                                | CUSIP: 57584Y7Y9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507071.60   | 0.46%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                        | Development Authority of Rockdale County, Series 2025 A-1                                                              | CUSIP: 77300QAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $488135.96    | 0.15%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFV5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    200000 | PA      | $177323.38    | 0.05%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Haven at Elgin LLC                                                              | Haven at Elgin LLC                                                                                                     | CUSIP: 41935HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $902693.14    | 0.27%             | 2053-12-31      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Massachusetts Educational Financing Authority                                   | Massachusetts Educational Financing Authority, Series 2021 C                                                           | CUSIP: 57563RSK6<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1907674.50   | 0.58%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2015 F                                                                | CUSIP: 57584XFT3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5004350.50   | 1.51%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                   | Massachusetts Educational Financing Authority, Series 2023 C                                                           | CUSIP: 57563RTV1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   4375000 | PA      | $4053898.19   | 1.22%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2022                                                                  | CUSIP: 57584Y3V9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2426627.99   | 0.73%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2023 G                                                                | CUSIP: 57584Y4T3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1200518.43   | 0.36%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2022 A                                                                                | CUSIP: 74441XHM4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961617.80    | 0.29%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | Massachusetts Water Resources Authority, Series 2018 B                                                                 | CUSIP: 576051TD8<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2557784.60   | 0.77%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                    | Massachusetts Port Authority, Series 2019 C                                                                            | CUSIP: 575896UZ6<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   4430000 | PA      | $4633866.39   | 1.40%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                    | South Carolina State Housing Finance & Development Authority, Series 2021 A                                            | CUSIP: 83712EHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $796554.00    | 0.24%             | 2039-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BJT6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1207967.13   | 0.37%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                       | Commonwealth of Massachusetts, Series 2018 A                                                                           | CUSIP: 57604THG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15015952.50  | 4.54%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025 A-2                                                              | CUSIP: 57585BGU6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3417880.80   | 1.03%             | 2055-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2023 N                                                                | CUSIP: 57584Y6H7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1555224.30   | 0.47%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                               | Antonio B Won Pat International Airport Authority, Series 2024 A                                                       | CUSIP: 40064RFV6<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    600000 | PA      | $619842.66    | 0.19%             | 2039-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025 A                                                                | CUSIP: 57585BKD9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1424814.75   | 0.43%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newton MA                                                               | City of Newton, Series 2025                                                                                            | CUSIP: 653064KE4<br>LEI: 5493002K4RYNFEPKGB67 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3591310.00   | 1.09%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                     | Washington State Housing Finance Commission, Series 2021 A                                                             | CUSIP: 939783H58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    800000 | PA      | $663472.24    | 0.20%             | 2037-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority                                      | Massachusetts Bay Transportation Authority, Series A-1                                                                 | CUSIP: 575579QB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4526796.80   | 1.37%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                            | Massachusetts Housing Finance Agency, Series 214                                                                       | CUSIP: 57587A2W7<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $862598.00    | 0.26%             | 2034-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2024 B                                                                | CUSIP: 57585BAL2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3443623.80   | 1.04%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                    | Massachusetts Port Authority, Series 2019 A                                                                            | CUSIP: 575898DL2<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    835000 | PA      | $868338.71    | 0.26%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2018 L                                                                | CUSIP: 57584YER6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   6160000 | PA      | $5632575.87   | 1.70%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Series 2018 A                                                          | CUSIP: 6461364D0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058162.70   | 0.32%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2018                                                                  | CUSIP: 57584YGM5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029285.20   | 0.31%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2024 U-1                                                              | CUSIP: 57584Y8H5<br>LEI: 549300UZSVMFXJK08K70 | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5000000.00   | 1.51%             | 2048-03-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021                                                                  | CUSIP: 57584YV89<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    750000 | PA      | $681091.88    | 0.21%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021 B                                                                | CUSIP: 57584YX87<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $870767.34    | 0.26%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025 W                                                                | CUSIP: 57585BHM3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3025324.80   | 0.91%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                       | Commonwealth of Massachusetts, Series 2023 A                                                                           | CUSIP: 57604TKE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5044818.00   | 1.52%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                            | Massachusetts Housing Finance Agency, Series 214                                                                       | CUSIP: 57587A2X5<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2257261.29   | 0.68%             | 2039-12-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021                                                                  | CUSIP: 57585BLC0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4086931.00   | 1.23%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | Commonwealth of Massachusetts, Series 2025 C                                                                           | CUSIP: 57582TDX7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3562294.40   | 1.08%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025 B-2                                                              | CUSIP: 57585BGQ5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5124106.50   | 1.55%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFM5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    440000 | PA      | $471843.81    | 0.14%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2016 N                                                                | CUSIP: 57584XNZ0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   6890000 | PA      | $6806009.52   | 2.06%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                         | Massachusetts Health & Educational Facilities Authority, Series 2001 J-2                                               | CUSIP: 57585KSV1<br>LEI: 549300MV50RWQFTX5223 | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5000000.00   | 1.51%             | 2031-07-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021 B                                                                | CUSIP: 57584YN70<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $2870308.54   | 0.87%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021                                                                  | CUSIP: 57584YT66<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    435000 | PA      | $392636.44    | 0.12%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BMV7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002189.10   | 0.30%             | 2055-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                    | Massachusetts Port Authority, Series 2019 C                                                                            | CUSIP: 575896VG7<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1204709.84   | 0.36%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2018                                                                  | CUSIP: 57584YMJ5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5014131.00   | 1.52%             | 2046-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025 N-1                                                              | CUSIP: 57585BEX2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6461124.15   | 1.95%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BJU3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1430805.30   | 0.43%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2025 A-1                                                                              | CUSIP: 74441XJD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    580000 | PA      | $582953.30    | 0.18%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2017 T                                                                | CUSIP: 57584XK34<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3781183.88   | 1.14%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series BB-1                                                                  | CUSIP: 57584XWU1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4361573.50   | 1.32%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2017 S-1                                                              | CUSIP: 57584X8V6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3637934.40   | 1.10%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2022                                                                  | CUSIP: 57584Y4J5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933161.90    | 0.28%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | Massachusetts Water Resources Authority, Series 2024 B                                                                 | CUSIP: 576051J98<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4086398.00   | 1.23%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2019 S-1                                                              | CUSIP: 57584YPC7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2741771.59   | 0.83%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                    | Massachusetts Port Authority, Series 2019 A                                                                            | CUSIP: 575898DM0<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    800000 | PA      | $827564.56    | 0.25%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021                                                                  | CUSIP: 57584YW21<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1404845.05   | 0.42%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                            | Massachusetts Housing Finance Agency, Series A                                                                         | CUSIP: 57586NKH3<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   5805000 | PA      | $5805022.06   | 1.75%             | 2031-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                        | Development Authority of Rockdale County, Series 2025 A-1                                                              | CUSIP: 77300QAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125636.49    | 0.04%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2023 G                                                                | CUSIP: 57584Y4S5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4140107.87   | 1.25%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2022, Class B-1                                                                       | CUSIP: 74442PVW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    800000 | PA      | $613342.00    | 0.19%             | 2044-12-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BDZ8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1181375.28   | 0.36%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022 A-1                                                                | CUSIP: 130483EV8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1005725.04   | 0.30%             | 2037-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2017 S                                                                | CUSIP: 57584XS77<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4433663.50   | 1.34%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | Commonwealth of Massachusetts, Series 2017 F                                                                           | CUSIP: 57582RQS8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5025530.50   | 1.52%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021                                                                  | CUSIP: 57584YT74<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    300000 | PA      | $241985.49    | 0.07%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                         | Massachusetts Health & Educational Facilities Authority, Series 2009 K-1                                               | CUSIP: 57586EQ87<br>LEI: 549300MV50RWQFTX5223 | Long             | STIV             | MUN               | US        |    300000 | PA      | $300000.00    | 0.09%             | 2039-07-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| City of Worcester MA                                                            | City of Worcester, Series 2020 A                                                                                       | CUSIP: 981306WH2<br>LEI: 5493006DO0NOILRNNH68 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1313475.87   | 0.40%             | 2042-02-01      | 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: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   3660000 | PA      | $3357165.01   | 1.01%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                       | Commonwealth of Massachusetts, Series 2017 A                                                                           | CUSIP: 57604TFL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4805000 | PA      | $4835263.33   | 1.46%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | Massachusetts Bay Transportation Authority, Series 2024 A                                                              | CUSIP: 575579V95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3473837.67   | 1.05%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                            | Massachusetts Housing Finance Agency, Series 2024 A-1                                                                  | CUSIP: 57586VCJ0<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984607.20    | 0.30%             | 2064-12-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021 G                                                                | CUSIP: 57584YG94<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2492954.40   | 0.75%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021                                                                  | CUSIP: 57584YV97<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $437615.45    | 0.13%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2025 A-2                                                                              | CUSIP: 74441XJE0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5060000 | PA      | $2215217.91   | 0.67%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021 G                                                                | CUSIP: 57584YH28<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3540000 | PA      | $3402060.36   | 1.03%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                         | Capital Trust Authority, Series 2024                                                                                   | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2336566.40   | 0.71%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2025 A                                                                | CUSIP: 57585BKB3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6030402.60   | 1.82%             | 2050-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | Massachusetts Water Resources Authority, Series 2016 C                                                                 | CUSIP: 576051PP5<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5125541.50   | 1.55%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | Commonwealth of Massachusetts, Series 2024 A                                                                           | CUSIP: 57582R5Q5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10176566.00  | 3.08%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                    | Massachusetts Port Authority, Series 2019 A                                                                            | CUSIP: 575896TM7<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    610000 | PA      | $617670.99    | 0.19%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                   | Massachusetts Educational Financing Authority, Series 2025 B                                                           | CUSIP: 57563RUG2<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1459189.35   | 0.44%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | Commonwealth of Massachusetts, Series 2005                                                                             | CUSIP: 576002DM8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  11900000 | PA      | $13528113.97  | 4.09%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2015 F                                                                | CUSIP: 57584XFR7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2975000 | PA      | $2977588.55   | 0.90%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                       | Commonwealth of Massachusetts, Series 2016 B                                                                           | CUSIP: 57604TET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4564935.00   | 1.38%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                  | University of Massachusetts Building Authority, Series 2017-1                                                          | CUSIP: 914440QV7<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5073600.00   | 1.53%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2022                                                                  | CUSIP: 57584YU31<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    485000 | PA      | $437767.06    | 0.13%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2024 A-2                                                                              | CUSIP: 74441XHX0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $703003.32    | 0.21%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | Massachusetts Water Resources Authority, Series B                                                                      | CUSIP: 576049V98<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   5490000 | PA      | $5969826.55   | 1.80%             | 2028-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | Massachusetts Development Finance Agency, Series 2021 C                                                                | CUSIP: 57563UAA0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1048068.75   | 0.32%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer