# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0000940400-25-004937
**Filing Date:** 2025-10
**Character Count:** 136262
**Document Hash:** a370c4f2dd9cce0082870e467ad0145c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-004937.hdr.sgml**: 20251021

**ACCESSION NUMBER**: 0000940400-25-004937

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251021

**DATE AS OF CHANGE**: 20251021

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs ETF Trust
- **CENTRAL INDEX KEY:** 0001479026

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23013
- **FILM NUMBER:** 251407554

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** (312) 655-4400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198

## Series and Classes Contracts Data

### Goldman Sachs Municipal Income ETF (Series ID: S000085814)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000251209 | Goldman Sachs Municipal Income ETF | GMUB            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Goldman Sachs ETF Trust

- **b. Investment Company Act file number:** 811-23013

- **c. CIK number of Registrant:** 0001479026

- **d. LEI of Registrant:** 549300VEZF7K2ES5WL82

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

  - **Street Address 1:** 200 West Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10282

  - **Telephone number:** 312-655-4400

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

- **a. Name of Series:** Goldman Sachs Municipal Income ETF

- **b. EDGAR series identifier (if any):** S000085814

- **c. LEI of Series:** 9845006FLE6FC66A9003

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

- **a. Date of fiscal year-end:** 2025-08-31

- **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:** $97353946.65

**Total Liabilities:** $3537597.38

**Net Assets:** $93816349.27

**Delayed Delivery Securities:** $2969493.00

**Cash Not Reported:** $939602.62

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 52.49000000 | **1-Year:** 1979.25000000 | **5-Year:** 8259.97000000 | **10-Year:** 23332.13000000 | **30-Year:** 8212.63000000

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

- **3-Month:** 13.21000000 | **1-Year:** 308.03000000 | **5-Year:** 1100.47000000 | **10-Year:** 4133.70000000 | **30-Year:** 1991.30000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251209 | 1.07%                | 0.15%                | 0.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-43577.61               | $311545.92                                 |
| Month 2  | $-36353.22               | $-8114.75                                  |
| Month 3  | $-2660.69                | $513787.64                                 |

**Designated Index Information**

- **Index Name:** Securities Only Portfolio

- **Index Identifier:** Securities Only Portfolio_PV105934

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.              | US ULTRA BOND CBT                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -1 | NC      | $350.05       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                              | Indiana Finance Authority                                                        | CUSIP: 45506EPD9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500352.70    | 0.53%             | 2032-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE RI PUBLIC BLDGS AUT                           | Providence Public Building Authority                                             | CUSIP: 74381MDK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104725.65    | 0.11%             | 2042-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE                           | County of Miami-Dade FL Aviation Revenue                                         | CUSIP: 59333PR75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149990.06    | 0.16%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                            | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250FK5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    350000 | PA      | $358807.09    | 0.38%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS                           | Ohio Higher Educational Facility Commission                                      | CUSIP: 67756DS31<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154203.03    | 0.16%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FPF5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    150000 | PA      | $160290.62    | 0.17%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL SALES TAX REV                           | County of Seminole FL Sales Tax Revenue                                          | CUSIP: 816691EV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $118666.76    | 0.13%             | 2026-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                            | Metropolitan Transportation Authority                                            | CUSIP: 59261A2H9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $84547.63     | 0.09%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                           | Kentucky Public Energy Authority                                                 | CUSIP: 74440DCZ5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502973.15    | 0.54%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                           | California Community Choice Financing Authority                                  | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131904.26    | 0.14%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FIRCREST PROPERTIES                                      | Fircrest Properties                                                              | CUSIP: 318094AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112721.66    | 0.12%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDUCTNL FAC AU                           | Volusia County Educational Facility Authority                                    | CUSIP: 928836PJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213493.74    | 0.23%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461367Z8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100116.17    | 0.11%             | 2035-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERA                           | Oklahoma Housing Finance Agency                                                  | CUSIP: 67886UAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302868.36    | 0.32%             | 2028-07-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95684.10     | 0.10%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA NY CIVIC DEV CORP                               | Onondaga Civic Development Corp                                                  | CUSIP: 682832KV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $171163.26    | 0.18%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                           | Clifton Higher Education Finance Corp                                            | CUSIP: 187145WG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207921.46    | 0.22%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL HLTH CAR                           | Capital Trust Authority                                                          | CUSIP: 14055GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $817125.53    | 0.87%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT                           | Indiana Housing & Community Development Authority                                | CUSIP: 45506CBU0<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    375000 | PA      | $377010.86    | 0.40%             | 2043-02-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HGR EDU & H                           | Montgomery County Higher Education and Health Authority                          | CUSIP: 613603UY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350052.96    | 0.37%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU                           | New Jersey Turnpike Authority                                                    | CUSIP: 646140JA2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208702.64    | 0.22%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                           | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62865.04     | 0.07%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA RITA CA UNION SCH DIST S                           | Santa Rita Union Elementary School District Sch Facs Improvement Dist No 2022-1  | CUSIP: 802561AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $430326.70    | 0.46%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Treasury Instruments Fund | Goldman Sachs Financial Square Treasury Instruments Fund                         | CUSIP: 38142B500<br>LEI: 549300DAH6N80PM31E83 | Long             | STIV             | RF                | US        |    464700 | NS      | $464700.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                             | Illinois Finance Authority                                                       | CUSIP: 45204FJ71<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    440000 | PA      | $465173.32    | 0.50%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALEM VA ECON DEV AUTH EDUCTNL                           | Salem Economic Development Authority                                             | CUSIP: 794565BJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196243.46    | 0.21%             | 2045-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CYPRESS CREEK RESERVE CDD FL S                           | Cypress Creek Reserve Community Development District                             | CUSIP: 23274FAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151234.56    | 0.16%             | 2035-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                       | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109741.82    | 0.12%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                           | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260002.00    | 0.28%             | 2055-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91725.82     | 0.10%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP SOL W                           | Mission Economic Development Corp                                                | CUSIP: 605155BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.27%             | 2046-05-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| KARNES CNTY TX HOSP DIST HOSP                            | Karnes County Hospital District                                                  | CUSIP: 485722AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131899.84    | 0.14%             | 2044-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 452153KA6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    135000 | PA      | $137757.97    | 0.15%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ABERDEEN FL CDD SPL ASSMNT                               | Aberdeen Community Development District                                          | CUSIP: 00301PAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $238232.64    | 0.25%             | 2036-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I                           | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528VEC9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110046.82    | 0.12%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WA MUNI LIGHT & PWR RE                           | City of Seattle WA Municipal Light & Power Revenue                               | CUSIP: 812643E42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520287.05    | 0.55%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FL HLTH FACS AUTH                           | Alachua County Health Facilities Authority                                       | CUSIP: 010684BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $736845.22    | 0.79%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SINTON TX INDEP SCH DIST                                 | Sinton Independent School District                                               | CUSIP: 829353JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505627.95    | 0.54%             | 2049-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DEV BRD POLL CO                           | Industrial Development Board of the City of Mobile Alabama                       | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508098.85    | 0.54%             | 2034-06-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR                           | Southern California Public Power Authority                                       | CUSIP: 842469DL9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    500000 | PA      | $532078.40    | 0.57%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CAD0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    150000 | PA      | $137058.72    | 0.15%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH BROWARD FL HOSP DIST                               | South Broward Hospital District                                                  | CUSIP: 836753LS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101570.02    | 0.11%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARLAND TX WTR & SWR REVENUE                             | City of Garland TX Water & Sewer System Revenue                                  | CUSIP: 366168TX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258404.35    | 0.28%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1                            | Matagorda County Navigation District No 1                                        | CUSIP: 576528DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260452.25    | 0.28%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE                           | Delaware State Economic Development Authority                                    | CUSIP: 246387SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257568.75    | 0.27%             | 2031-01-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| RAPIDES PARISH LA SCH DIST #52                           | Rapides Parish School District No 52 Pineville                                   | CUSIP: 753585FC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $264983.18    | 0.28%             | 2038-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                           | New York Transportation Development Corp                                         | CUSIP: 650116JG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526128.10    | 0.56%             | 2044-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                              | City of Houston TX Airport System Revenue                                        | CUSIP: 442349JL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074694.30   | 1.15%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COPPER RIM INFRASTRUCTURE FING                           | Copper Rim Infrastructure Financing District                                     | CUSIP: 217562AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100142.55    | 0.11%             | 2054-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE                           | County of Miami-Dade FL Aviation Revenue                                         | CUSIP: 59333PZ92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501267.95    | 0.53%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILL CNTY IL FOREST PRESERVE D                           | Will County Forest Preserve District                                             | CUSIP: 968661JM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104109.51    | 0.11%             | 2041-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                           | New York Transportation Development Corp                                         | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $173932.31    | 0.19%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKLYN ARENA NY LOCAL DEV CO                           | Brooklyn Arena Local Development Corp                                            | CUSIP: 113807BF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202584.38    | 0.22%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTVIEW SOUTH CDD FL SPL ASSM                           | Westview South Community Development District                                    | CUSIP: 961566AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85379.66     | 0.09%             | 2030-05-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTH                            | Louisiana Public Facilities Authority                                            | CUSIP: 546395W34<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533779.95    | 0.57%             | 2052-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T                           | Territory of Guam                                                                | CUSIP: 40065NCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522281.25    | 0.56%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP SOL W                           | Mission Economic Development Corp                                                | CUSIP: 605155BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $625079.25    | 0.67%             | 2050-05-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| GUNTER TX SPL ASSMNT REVENUE                             | City of Gunter TX                                                                | CUSIP: 40314PAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100177.31    | 0.11%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    723000 | PA      | $634840.71    | 0.68%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| S E ALABAMA ST GAS SPLY DIST G                           | Southeast Alabama Gas Supply District/The                                        | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |    125000 | PA      | $133113.00    | 0.14%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                    | Chicago Board of Education                                                       | CUSIP: 167501VH5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |     90000 | PA      | $73467.11     | 0.08%             | 2030-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CROSSINGS CDD FL SPL ASSMNT                              | Crossings Community Development District                                         | CUSIP: 22766NAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95846.54     | 0.10%             | 2044-05-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| LA FERIA TX INDEP SCH DIST                               | La Feria Independent School District/TX                                          | CUSIP: 503012QG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $407245.72    | 0.43%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE                                     | State of Ohio                                                                    | CUSIP: 67756CEF1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $71581.71     | 0.08%             | 2045-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                           | Main Street Natural Gas Inc                                                      | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    155000 | PA      | $165643.66    | 0.18%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                            | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602N7D0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175032.92    | 0.19%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU                           | Montgomery County Industrial Development Authority/PA                            | CUSIP: 61361TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $664904.96    | 0.71%             | 2029-06-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                            | County of Jefferson AL Sewer Revenue                                             | CUSIP: 472682ZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102922.52    | 0.11%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WILDBLUE CDD FL SPL ASSMNT                               | Wildblue Community Development District                                          | CUSIP: 96809YAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $437910.70    | 0.47%             | 2039-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV                           | Ohio Housing Finance Agency                                                      | CUSIP: 676900XP3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202366.28    | 0.22%             | 2047-11-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR                           | Puerto Rico Electric Power Authority                                             | CUSIP: 74526QLY6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    200000 | PA      | $192345.54    | 0.21%             | 2029-07-01      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| NUECES RIVER TX AUTH                                     | Nueces River Authority                                                           | CUSIP: 670500EY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100170.74    | 0.11%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                            | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250FV1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96835.42     | 0.10%             | 2053-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R                           | Indiana Finance Authority                                                        | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268783.10    | 0.29%             | 2064-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NAVAJO CNTY AZ UNIF SCH DIST #                           | Navajo County Unified School District No 27 Kayenta                              | CUSIP: 639147AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $469221.02    | 0.50%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TROY NY CAPITAL RESOURCE CORP                            | Troy Capital Resource Corp                                                       | CUSIP: 897579BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103250.71    | 0.11%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JUSTIN TX SPL ASSMNT REVENUE                             | City of Justin TX                                                                | CUSIP: 482184AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    368000 | PA      | $368274.97    | 0.39%             | 2032-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST UNIV REVENUE                                  | Alabama State University                                                         | CUSIP: 010632QK6<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $542989.00    | 0.58%             | 2038-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                             | New Hampshire Business Finance Authority                                         | CUSIP: 63607YBJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96126.44     | 0.10%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                            | Sales Tax Securitization Corp                                                    | CUSIP: 79467BEH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $154675.96    | 0.16%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                             | Ohio Air Quality Development Authority                                           | CUSIP: 677525WS2<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507445.45    | 0.54%             | 2040-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $682829.72    | 0.73%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO                           | Mississippi Business Finance Corp                                                | CUSIP: 60528ACE2<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |    135000 | PA      | $135000.00    | 0.14%             | 2035-11-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| FOREST GROVE OR REVENUE                                  | City of Forest Grove OR                                                          | CUSIP: 345648EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $180697.41    | 0.19%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU                           | San Diego County Regional Airport Authority                                      | CUSIP: 79739GSM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $545594.55    | 0.58%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINELLAS CNTY FL HSG FIN AUTHM                           | Pinellas County Housing Finance Authority                                        | CUSIP: 72317BAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126083.78    | 0.13%             | 2028-07-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OH FIN                            | Columbus-Franklin County Finance Authority                                       | CUSIP: 19910XAJ5<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104859.32    | 0.11%             | 2028-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MF HSG REVENUE                                | City of Chicago IL                                                               | CUSIP: 167570TW0<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151348.58    | 0.16%             | 2028-10-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| INLIVIAN NC MF REVENUE                                   | Inlivian                                                                         | CUSIP: 45753CAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505369.75    | 0.54%             | 2043-11-10      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                           | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182LV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $128640.90    | 0.14%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EXPRESSWAY                            | Miami-Dade County Expressway Authority                                           | CUSIP: 59334KFW3<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |    355000 | PA      | $354356.85    | 0.38%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                           | California Infrastructure & Economic Development Bank                            | CUSIP: 13035ADD8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107298.97    | 0.11%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKESHORE VLGS LA MASTER CDD S                           | Lakeshore Villages Master Community Development District                         | CUSIP: 512098AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $892204.50    | 0.95%             | 2039-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                           | New York Transportation Development Corp                                         | CUSIP: 650116EX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $88740.82     | 0.09%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY INDL DEV AGY                            | New York City Industrial Development Agency                                      | CUSIP: 64971PLK9<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    170000 | PA      | $121428.35    | 0.13%             | 2046-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AVENTURA ISLES CMNTY DEV DISTF                           | Aventura Isles Community Development District                                    | CUSIP: 05357GAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204634.88    | 0.22%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST                           | Trinity River Authority Central Regional Wastewater System Revenue               | CUSIP: 89658HZR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104022.15    | 0.11%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH POLL C                           | Development Authority of Monroe County/The                                       | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185750.73    | 0.20%             | 2048-10-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| WEST PORT EAST CDD FL SPL ASSM                           | West Port East Community Development District                                    | CUSIP: 95549KAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $268218.72    | 0.29%             | 2035-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA M                           | City & County of San Francisco CA                                                | CUSIP: 79765PEG4<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126878.70    | 0.14%             | 2029-08-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                               | City of Chicago IL                                                               | CUSIP: 167486W39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    280000 | PA      | $286520.39    | 0.31%             | 2041-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                           | Massachusetts Development Finance Agency                                         | CUSIP: 57585BLF3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253599.35    | 0.27%             | 2041-07-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO                           | Development Authority of Burke County/The                                        | CUSIP: 121342MW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1085000.00   | 1.16%             | 2049-07-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| PEACE CREEK VLG CDD FL SPL ASS                           | Peace Creek Village Community Development District                               | CUSIP: 70459CAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100968.39    | 0.11%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN                           | Port of Portland OR Airport Revenue                                              | CUSIP: 7352402C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163325.82    | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                           | Louisiana Public Facilities Authority                                            | CUSIP: 546399CN4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495214.10    | 0.53%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARTFORD CT SPL OBLIG                                    | City of Hartford CT                                                              | CUSIP: 416464AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262337.85    | 0.28%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                           | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $532554.70    | 0.57%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX                                          | County of Hidalgo TX                                                             | CUSIP: 429326U90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $808740.30    | 0.86%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ WTR & SWR REVENUE                            | City of Glendale AZ Water & Sewer Revenue                                        | CUSIP: 378352SL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108998.58    | 0.12%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK MUNI ARPT TRUST TRUST                           | Tulsa Municipal Airport Trust Trustees/OK                                        | CUSIP: 899661EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99996.51     | 0.11%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH                           | West Virginia Hospital Finance Authority                                         | CUSIP: 956622Z23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266714.15    | 0.28%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ERIE PA HGR EDU BLDG AUTH                                | City of Erie Higher Education Building Authority                                 | CUSIP: 295435CR0<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |     25000 | PA      | $23317.41     | 0.02%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX INDEP SCH DIST                              | Princeton Independent School District                                            | CUSIP: 742395YV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526612.05    | 0.56%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX WTRWKS & SWR SYS REV                           | City of Dallas TX Waterworks & Sewer System Revenue                              | CUSIP: 23542JBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502240.20    | 0.54%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TN HLTH EDUCTNL &H                           | Shelby County Health Educational & Housing Facilities Board                      | CUSIP: 821697Z44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538989.95    | 0.57%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                            | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70870JGZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213683.80    | 0.23%             | 2060-03-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                            | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106834.45    | 0.11%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                               | Public Finance Authority                                                         | CUSIP: 74442PK95<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99190.56     | 0.11%             | 2050-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                           | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |     45000 | PA      | $47653.29     | 0.05%             | 2053-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $41734.90     | 0.04%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                            | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70869PMF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $157888.54    | 0.17%             | 2039-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                           | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638TJU8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $551751.05    | 0.59%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT NEW ORLEANS LA BRD OF COM                           | Port New Orleans Board of Commissioners                                          | CUSIP: 734782ED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100669.51    | 0.11%             | 2055-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                               | City of Detroit MI                                                               | CUSIP: 2510936C9<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110215.82    | 0.12%             | 2039-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC                           | Public Finance Authority                                                         | CUSIP: 74443DLU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101195.91    | 0.11%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                           | Main Street Natural Gas Inc                                                      | CUSIP: 56035DKH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $528989.95    | 0.56%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CO CONVENTION CENTER HO                           | Denver Convention Center Hotel Authority                                         | CUSIP: 249189DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493244.15    | 0.53%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $321789.04    | 0.34%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                           | North Carolina Medical Care Commission                                           | CUSIP: 65821DXY2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    245000 | PA      | $246397.65    | 0.26%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                    | Chicago Board of Education                                                       | CUSIP: 167505UK0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515871.80    | 0.55%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A                           | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647NM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273323.35    | 0.29%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERANO #1 CDD FL SPL ASSMMT                              | Verano No 1 Community Development District                                       | CUSIP: 92337HAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $141141.94    | 0.15%             | 2046-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAMMOCK OAKS CDD FL ASSMNT                               | Hammock Oaks Community Development District                                      | CUSIP: 40834PAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $172727.53    | 0.18%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                            | Central Texas Turnpike System                                                    | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107826.50    | 0.11%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE                           | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576FV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101145.37    | 0.11%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP ARP                           | City of Phoenix Civic Improvement Corp                                           | CUSIP: 71883MPT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129225.69    | 0.14%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST CONVENTION CENTE                           | Washington State Convention Center Public Facilities District                    | CUSIP: 93976ACR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102418.63    | 0.11%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE                                | City of Chicago IL Waterworks Revenue                                            | CUSIP: 167736F69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $118125.52    | 0.13%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A                           | South Carolina Public Service Authority                                          | CUSIP: 8371514U0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    100000 | PA      | $89699.03     | 0.10%             | 2044-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LAFAYETTE PARISH LA SCH BRD SA                           | Lafayette Parish School Board Sale Tax Revenue                                   | CUSIP: 506624VH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263903.35    | 0.28%             | 2045-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD IL ELEC REVENUE                              | City of Springfield IL Electric Revenue                                          | CUSIP: 850578UA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108938.76    | 0.12%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHELTENHAM TWP PA INDL DEV AUT                           | Cheltenham Township Industrial Development Authority                             | CUSIP: 163492AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $304045.10    | 0.32%             | 2054-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT                           | New Jersey Educational Facilities Authority                                      | CUSIP: 646067KE7<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    200000 | PA      | $226251.88    | 0.24%             | 2064-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                            | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600048.48    | 0.64%             | 2038-08-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                            | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105040.44    | 0.11%             | 2035-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                           | North Carolina Medical Care Commission                                           | CUSIP: 65821DZV6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    350000 | PA      | $379100.89    | 0.40%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York NY                                                              | CUSIP: 64966G4P4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.07%             | 2038-04-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| NASSAU CNTY NY INDL DEV AGY                              | Nassau County Industrial Development Agency                                      | CUSIP: 631657KW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1005000.00   | 1.07%             | 2034-01-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 4521525P2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    425000 | PA      | $424116.34    | 0.45%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP                           | New Jersey Economic Development Authority                                        | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $94744.50     | 0.10%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HOSPS & HGR ED                           | Hospitals & Higher Education Facilities Authority of Philadelphia/The            | CUSIP: 717903L97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80752.50     | 0.09%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                            | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100670.86    | 0.11%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIV CLGS & UNIVS AUTH GA                                | Private Colleges & Universities Authority                                        | CUSIP: 74265L3H9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217199.82    | 0.23%             | 2040-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH R                           | Lower Colorado River Authority                                                   | CUSIP: 54811GS35<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    500000 | PA      | $544260.25    | 0.58%             | 2045-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL                           | Rhode Island Health and Educational Building Corp                                | CUSIP: 762244MX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $231357.88    | 0.25%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION                           | City of Chicago IL Wastewater Transmission Revenue                               | CUSIP: 167727D94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $345434.79    | 0.37%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                           | Chicago O'Hare International Airport                                             | CUSIP: 167593F56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008089.80   | 1.07%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP                           | Great Lakes Water Authority Water Supply System Revenue                          | CUSIP: 39081JHU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558737.55    | 0.60%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV                           | Ohio Housing Finance Agency                                                      | CUSIP: 676900XT5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125867.35    | 0.13%             | 2042-07-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| WALLER TX INDEP SCH DIST                                 | Waller Consolidated Independent School District                                  | CUSIP: 932493MK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550119.55    | 0.59%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                       | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     25000 | PA      | $20662.29     | 0.02%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH CNTY WA PUBLIC UTILI                           | Snohomish County Public Utility District No 1 Electric System Revenue            | CUSIP: 833102G26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111298.20   | 1.18%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SALES TAX REVENUE                           | County of Cook IL Sales Tax Revenue                                              | CUSIP: 213248ER4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $228261.92    | 0.24%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE                           | City of Whiting IN                                                               | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101200.47    | 0.11%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COATESVILLE PA AREA SCH DIST                             | Coatesville School District                                                      | CUSIP: 190684QY9<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258649.68    | 0.28%             | 2042-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                          | City of Philadelphia PA                                                          | CUSIP: 717813B40<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259507.58    | 0.28%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    167000 | PA      | $159380.41    | 0.17%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                           | California Health Facilities Financing Authority                                 | CUSIP: 13032U4R6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $276581.08    | 0.29%             | 2050-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU                           | Montgomery County Industrial Development Authority/PA                            | CUSIP: 61360PCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101082.10    | 0.11%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKLYN ARENA NY LOCAL DEV CO                           | Brooklyn Arena Local Development Corp                                            | CUSIP: 113807BQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $74240.15     | 0.08%             | 2043-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 452152X55<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    450000 | PA      | $469938.69    | 0.50%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FKU7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    100000 | PA      | $71870.53     | 0.08%             | 2049-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC                           | Downtown Revitalization Public Infrastructure District                           | CUSIP: 26118TBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263305.20    | 0.28%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCRANTON-LACKAWANNA PA HLTH &                            | Scranton-Lackawanna Health and Welfare Authority                                 | CUSIP: 810694Q44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $756858.83    | 0.81%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST LYME CT                                             | Town of East Lyme CT                                                             | CUSIP: 273587U78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010773.60   | 1.08%             | 2026-08-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                             | Illinois Finance Authority                                                       | CUSIP: 45204FFY6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    175000 | PA      | $170376.33    | 0.18%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                           | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638TJT1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $541813.35    | 0.58%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $143156.06    | 0.15%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R                           | Central Texas Regional Mobility Authority                                        | CUSIP: 155498GW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $786404.48    | 0.84%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UPPER TRINITY TX REGL WTR DIST                           | Upper Trinity Regional Water District                                            | CUSIP: 9166722D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105875.74    | 0.11%             | 2041-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G                           | Central Plains Energy Project                                                    | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $534037.15    | 0.57%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SCRANTON-LACKAWANNA PA HLTH &                            | Scranton-Lackawanna Health and Welfare Authority                                 | CUSIP: 810694P37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $465572.43    | 0.50%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORKSCREW FARMS CMNTY DEV DIST                           | Corkscrew Farms Community Development District                                   | CUSIP: 21888RAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $253774.11    | 0.27%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                                | North Texas Tollway Authority                                                    | CUSIP: 66285WWY8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    390000 | PA      | $393207.20    | 0.42%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL CONVENTION CTR                           | County of Broward FL Convention Center Hotel Revenue                             | CUSIP: 115012AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207974.90    | 0.22%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE CNTY PA AUTH                                    | Delaware County Authority                                                        | CUSIP: 246003NF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500823.60    | 0.53%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                               | City of Detroit MI                                                               | CUSIP: 2510933S7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202985.46    | 0.22%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG                             | County of Miami-Dade FL                                                          | CUSIP: 59333NNA7<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    250000 | PA      | $205579.33    | 0.22%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA                           | New York State Dormitory Authority                                               | CUSIP: 64990AGM1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014713.30   | 1.08%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAGONER CNTY OK DEV AUTH SALES                           | Wagoner County Development Authority/OK                                          | CUSIP: 93054CAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100780.63    | 0.11%             | 2035-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG FIN AUTH MF HS                           | Colorado Housing and Finance Authority                                           | CUSIP: 19647PDX8<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506278.75    | 0.54%             | 2044-07-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                           | Massachusetts Development Finance Agency                                         | CUSIP: 57584XYG0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $285718.25    | 0.30%             | 2036-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX AFFORDABLE PUBLIC FA                           | Austin Affordable Pfc Inc                                                        | CUSIP: 05217TAU8<br>LEI: 529900LKLIWOHOEBOF89 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104341.66    | 0.11%             | 2028-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH                            | Orange County Health Facilities Authority                                        | CUSIP: 68450LHF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105882.71    | 0.11%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDERICK CNTY MD TAX INCR & S                           | County of Frederick MD                                                           | CUSIP: 355612AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $132196.20    | 0.14%             | 2039-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D                           | Metropolitan Washington Airports Authority Dulles Toll Road Revenue              | CUSIP: 592643CY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100051.82    | 0.11%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE PUBLIC EDUCTNL BL                           | Jacksonville Public Educational Building Authority                               | CUSIP: 469480BU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $196674.68    | 0.21%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 452152H61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    435000 | PA      | $391984.24    | 0.42%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRAILS AT CROWFOOT MET DIST #3                           | Trails at Crowfoot Metropolitan District No 3                                    | CUSIP: 89286RAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104719.34    | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971QV26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550000.00    | 0.59%             | 2036-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                       | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    250000 | PA      | $175070.70    | 0.19%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                           | Maricopa County Industrial Development Authority                                 | CUSIP: 56682HCK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $803339.90    | 0.86%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL TRANSPRTN REVE                           | County of Osceola FL Transportation Revenue                                      | CUSIP: 688031EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $156044.59    | 0.17%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                            | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HHY6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106728.30    | 0.11%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL HSG FIN A                           | Hillsborough County Housing Finance Authority                                    | CUSIP: 43232EDB2<br>LEI: 5493003JJ1KK4FWWU787 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100350.59    | 0.11%             | 2042-09-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA                           | Pennsylvania Higher Educational Facilities Authority                             | CUSIP: 70917SKZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195063.53    | 0.21%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                           | California Community Choice Financing Authority                                  | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    520000 | PA      | $559619.06    | 0.60%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION                           | City of Chicago IL Wastewater Transmission Revenue                               | CUSIP: 167727K54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $165753.44    | 0.18%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SCH DIST #216 ENU                           | King County School District No 216 Enumclaw                                      | CUSIP: 495008SA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $226950.76    | 0.24%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                           | California Health Facilities Financing Authority                                 | CUSIP: 13032UGL6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    130000 | PA      | $115560.55    | 0.12%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESPLANADE LAKE CLUB CMNTY DEV                            | Esplanade Lake Club Community Development District                               | CUSIP: 29665MAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $371391.64    | 0.40%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH AQUEDUCT &                            | Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | CUSIP: 745160SJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935483.60    | 1.00%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST OFFICE FACS CORPL                           | Louisiana Office Facilities Corp                                                 | CUSIP: 546405FY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $151054.01    | 0.16%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST ENVRNMNTL IMPT & E                           | Missouri State Environmental Improvement & Energy Resources Authority            | CUSIP: 606907BK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499627.25    | 0.53%             | 2038-05-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY TX HOSP DIST                                | El Paso County Hospital District                                                 | CUSIP: 283590JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $544626.15    | 0.58%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN                            | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GYZ1<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.07%             | 2045-06-15      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FVL5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265845.60    | 0.28%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRADITION CDD #9 FL SPL ASSMNT                           | Tradition Community Development District No 9                                    | CUSIP: 89269NAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94993.34     | 0.10%             | 2045-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                              | City of Houston TX Airport System Revenue                                        | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202814.92    | 0.22%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWERY HILLS CDD FL SPL ASSMNT                           | Lowery Hills Community Development District                                      | CUSIP: 548652AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100894.51    | 0.11%             | 2032-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU                           | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645UUL6<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    250000 | PA      | $242816.85    | 0.26%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA CMNTY CLG SYS BRD OF T                           | Alabama Community College System                                                 | CUSIP: 01025PSK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550915.85    | 0.59%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                           | Massachusetts Development Finance Agency                                         | CUSIP: 57585BNX2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046040.90   | 1.11%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                          | Commonwealth of Pennsylvania                                                     | CUSIP: 70914P4J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90125.89     | 0.10%             | 2044-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATHENS-CLARKE CNTY GA UNIF GOV                           | Athens-Clarke County Unified Government Development Authority                    | CUSIP: 047059KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $84705.70     | 0.09%             | 2039-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                           | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAD9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105813.01    | 0.11%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                           | New York Transportation Development Corp                                         | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.86    | 0.11%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUNXSUTAWNEY BORO PA                                     | Borough of Punxsutawney PA                                                       | CUSIP: 746044BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986259.20    | 1.05%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MATCHING FUND SPL PURPOSE SECU                           | Matching Fund Special Purpose Securitization Corp                                | CUSIP: 57665NAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102660.65    | 0.11%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR                            | Los Angeles Department of Water & Power                                          | CUSIP: 5444956D1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98718.21     | 0.11%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                       | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    109000 | PA      | $106645.95    | 0.11%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MS GULF OPPORTUNIT                           | County of Warren MS                                                              | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508090.40    | 0.54%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136WU1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    335000 | PA      | $174727.83    | 0.19%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S                           | Long Island Power Authority                                                      | CUSIP: 5426908M7<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    580000 | PA      | $580004.18    | 0.62%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA UNIV REVENUE                            | District of Columbia                                                             | CUSIP: 25484JDJ6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    750000 | PA      | $815548.28    | 0.87%             | 2060-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A                           | Washington Health Care Facilities Authority                                      | CUSIP: 93978HVR3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101551.18    | 0.11%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FIN AUTH FL EDUC                           | Capital Projects Finance Authority/FL                                            | CUSIP: 14043FAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98895.87     | 0.11%             | 2045-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FL PUBLIC HOSP D                           | Sarasota County Public Hospital District                                         | CUSIP: 803301DK3<br>LEI: 549300JY4SF4DU1YDF85 | Long             | DBT              | MUN               | US        |    125000 | PA      | $104729.03    | 0.11%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                           | Los Angeles Department of Water & Power                                          | CUSIP: 544532QC1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    250000 | PA      | $279559.23    | 0.30%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORWOOD OH SPL OBLIG REVENUE                             | City of Norwood OH                                                               | CUSIP: 669681AA6<br>LEI: 5493000KZUQ48Z2VEE89 | Long             | DBT              | MUN               | US        |    145000 | PA      | $146107.89    | 0.16%             | 2030-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA TRANSPRTN ACC                           | Hampton Roads Transportation Accountability Commission                           | CUSIP: 40934TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $260481.66    | 0.28%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FL HSG FIN AUTH M                           | Jacksonville Housing Finance Authority                                           | CUSIP: 46940YBU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125740.28    | 0.13%             | 2058-07-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                    | Chicago Board of Education                                                       | CUSIP: 167505RN8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527758.85    | 0.56%             | 2030-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PHELPS CNTY MO HOSP REVENUE                              | County of Phelps MO                                                              | CUSIP: 717252CZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046453.20   | 1.12%             | 2045-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DENVER CO HLTH & HOSP AUTH HLT                           | Denver Health & Hospital Authority                                               | CUSIP: 24918EEJ5<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    110000 | PA      | $97616.66     | 0.10%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FZQ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218986.22    | 0.23%             | 2060-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                           | Chicago O'Hare International Airport                                             | CUSIP: 167593F31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136707.99    | 0.15%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                           | California Health Facilities Financing Authority                                 | CUSIP: 13032UT40<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530438.80    | 0.57%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                           | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    200000 | PA      | $209647.84    | 0.22%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET                            | Minneapolis-St Paul Metropolitan Airports Commission                             | CUSIP: 603827Q25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103523.36    | 0.11%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                            | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $652364.00    | 0.70%             | 2045-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL                           | Chandler Industrial Development Authority                                        | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509746.00    | 0.54%             | 2052-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY COVE CDD FL SPL ASSMNT                           | Liberty Cove Community Development District                                      | CUSIP: 530430AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85871.62     | 0.09%             | 2031-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                              | Indiana Finance Authority                                                        | CUSIP: 45506DXH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101855.26    | 0.11%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                            | Black Belt Energy Gas District                                                   | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152010.48    | 0.16%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                           | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JNY5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    500000 | PA      | $534195.35    | 0.57%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                             | Illinois Finance Authority                                                       | CUSIP: 45203H8V7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350540.16    | 0.37%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CNTY OK FIN AUTH EDUC                           | Oklahoma County Finance Authority                                                | CUSIP: 67868UKG7<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525425.85    | 0.56%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                              | City of Houston TX Airport System Revenue                                        | CUSIP: 442349EC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $339752.84    | 0.36%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T                           | Territory of Guam                                                                | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $88820.25     | 0.09%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN                           | City of Celina TX                                                                | CUSIP: 15114CHU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105955.96    | 0.11%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST HLTH & HGR EDUCTNL FA                           | Maine Health & Higher Educational Facilities Authority                           | CUSIP: 56042SEC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $291313.22    | 0.31%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REDMOND OR                                               | City of Redmond OR                                                               | CUSIP: 757657ZF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269285.90    | 0.29%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM & EXPOSITION                           | Louisiana Stadium & Exposition District                                          | CUSIP: 546410CQ2<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |    400000 | PA      | $431542.16    | 0.46%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUFFALO & ERIE CNTY NY INDL LA                           | Buffalo & Erie County Industrial Land Development Corp                           | CUSIP: 11943KEJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $563178.55    | 0.60%             | 2045-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY OR SCH DIST                                 | Lincoln County School District/OR                                                | CUSIP: 533404CS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650892.78    | 0.69%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRL PA GEN AUTH REVENU                           | General Authority of Southcentral Pennsylvania                                   | CUSIP: 84129NML0<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    650000 | PA      | $650000.00    | 0.69%             | 2035-06-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $185488.46    | 0.20%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| RADIANCE CDD FL SPL ASSMNT                               | Radiance Community Development District                                          | CUSIP: 75030AAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99638.59     | 0.11%             | 2045-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENERGY RESEARCH &                            | New York State Energy Research & Development Authority                           | CUSIP: 649845JE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509344.55    | 0.54%             | 2032-08-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                             | City of Milwaukee WI                                                             | CUSIP: 602366WY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100742.13    | 0.11%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XDP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020214.50   | 1.09%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                             | Michigan Finance Authority                                                       | CUSIP: 59447TW58<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    265000 | PA      | $248517.48    | 0.26%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP MF HSG R                           | Louisiana Housing Corp                                                           | CUSIP: 54627CCA9<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031082.30   | 1.10%             | 2028-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A                           | City of Los Angeles Department of Airports                                       | CUSIP: 5444452K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109012.51    | 0.12%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                            | Arlington Higher Education Finance Corp                                          | CUSIP: 0418067A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105022.30    | 0.11%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOCORRO TX INDEP SCH DIST                                | Socorro Independent School District                                              | CUSIP: 833715DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $126120.83    | 0.13%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINELLAS CNTY FL SCH BRD COPS                            | Pinellas County School Board                                                     | CUSIP: 723203BL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $198873.38    | 0.21%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IBIS LANDING CDD FL SPL ASSMNT                           | Ibis Landing Community Development District                                      | CUSIP: 451075AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151529.42    | 0.16%             | 2030-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN                           | Florida Development Finance Corp                                                 | CUSIP: 34061UMU9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    125000 | PA      | $123500.41    | 0.13%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                    | Chicago Board of Education                                                       | CUSIP: 167505QJ8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $486449.35    | 0.52%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                           | California Infrastructure & Economic Development Bank                            | CUSIP: 13034ASK7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257084.68    | 0.27%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINGSTON ONE CDD FL SPL ASSMNT                           | Kingston One Community Development District                                      | CUSIP: 496631AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $602849.91    | 0.64%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAPIDES PARISH LA SCH DIST #52                           | Rapides Parish School District No 52 Pineville                                   | CUSIP: 753585FD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $295038.34    | 0.31%             | 2039-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GUAM PWR AUTH REVENUE                                    | Guam Power Authority                                                             | CUSIP: 400653JW2<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    750000 | PA      | $821254.13    | 0.88%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE                           | Great Lakes Water Authority Sewage Disposal System Revenue                       | CUSIP: 39081HGQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558737.55    | 0.60%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                               | Port of Seattle WA                                                               | CUSIP: 7353892A5<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107922.08    | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    334000 | PA      | $77960.84     | 0.08%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL HSG FIN AUT                           | Miami-Dade County Housing Finance Authority                                      | CUSIP: 593344CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503784.55    | 0.54%             | 2044-02-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| MATCHING FUND SPL PURPOSE SECU                           | Matching Fund Special Purpose Securitization Corp                                | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $792112.40    | 0.84%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN DIST CO SALES T                           | Regional Transportation District Sales Tax Revenue                               | CUSIP: 759136TJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $380892.51    | 0.41%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                           | California Health Facilities Financing Authority                                 | CUSIP: 13032UN87<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112430.60    | 0.12%             | 2061-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| EL CENTRO CA ELEM SCH DIST                               | El Centro Elementary School District                                             | CUSIP: 28282PEC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $555464.55    | 0.59%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                           | Los Angeles Department of Water & Power                                          | CUSIP: 544532JY1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    555000 | PA      | $591751.10    | 0.63%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                             | Illinois Finance Authority                                                       | CUSIP: 45204FQ57<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $272583.80    | 0.29%             | 2054-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT                           | California Statewide Communities Development Authority                           | CUSIP: 13080SWF7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    315000 | PA      | $285142.00    | 0.30%             | 2038-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    901000 | PA      | $284767.72    | 0.30%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH E                           | Kansas City Industrial Development Authority                                     | CUSIP: 48502MAB9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    100000 | PA      | $88144.96     | 0.09%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                           | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224P52<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $498354.00    | 0.53%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SPL REVENUE                            | City of Cleveland OH                                                             | CUSIP: 186347AC4<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    280000 | PA      | $280172.34    | 0.30%             | 2027-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                           | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CUH3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    115000 | PA      | $93901.89     | 0.10%             | 2036-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL CMNTY CONSOL SCHD                           | Cook County Community Consolidated School District No 65 Evanston                | CUSIP: 213687QY5<br>LEI: 549300H6EG18CC8TGB88 | Long             | DBT              | MUN               | US        |    400000 | PA      | $443113.32    | 0.47%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-21

**Name of Applicant:** Goldman Sachs ETF Trust

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President Assistant Treasurer