# EDGAR Filing Document

**Accession Number:** 0001469192
**File Stem:** 0002071691-25-008873
**Filing Date:** 2025-12
**Character Count:** 73970
**Document Hash:** 3bab6cfee6333f8efe8687a0fc2d0a99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-008873.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0002071691-25-008873

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW YORK LIFE INVESTMENTS FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001469192

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22321
- **FILM NUMBER:** 251589853

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 212 576 7000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY FUNDS TRUST
- **DATE OF NAME CHANGE:** 20090728

## Series and Classes Contracts Data

### NYLI MacKay Oregon Muni Fund (Series ID: S000085227)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000250187 | Class C      | ORTCX           |
| C000250188 | Class I      | ORTYX           |
| C000250189 | Class Z      | ORTFX           |
| C000250190 | Class A      | ORTBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEW YORK LIFE INVESTMENTS FUNDS TRUST

- **b. Investment Company Act file number:** 811-22321

- **c. CIK number of Registrant:** 0001469192

- **d. LEI of Registrant:** 549300SQRLBSUG7RD002

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-576-7000

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

- **a. Name of Series:** NYLI MacKay Oregon Muni Fund

- **b. EDGAR series identifier (if any):** S000085227

- **c. LEI of Series:** 254900SY3X6SMA1AK481

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $276233465.52

**Total Liabilities:** $888220.90

**Net Assets:** $275345244.62

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -23.30000000 | **1-Year:** -2141.92000000 | **5-Year:** -23403.10000000 | **10-Year:** -87058.36000000 | **30-Year:** -39064.54000000

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

- **3-Month:** 0.00000000 | **1-Year:** -13.42000000 | **5-Year:** -487.61000000 | **10-Year:** -6497.91000000 | **30-Year:** -2075.88000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250188 | 0.78%                | 1.86%                | 0.96%                |
| Class ID C000250189 | 0.77%                | 1.84%                | 0.94%                |
| Class ID C000250190 | 0.76%                | 1.84%                | 0.94%                |
| Class ID C000250187 | 0.73%                | 1.81%                | 0.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-542711.34              | $2047458.71                                |
| Month 2  | $-46321.65               | $4614157.05                                |
| Month 3  | $-71275.01               | $2047978.40                                |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal (1-15 Y)

- **Index Identifier:** LEH__LHMN6112

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Matching Fund Special Purpose Securitization Corp.                            | Matching Fund Special Purpose Securitization Corp., Series A                            | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   3630000 | PA      | $3717212.93   | 1.35%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clatsop County School District No. 30 Warrenton-Hammond                       | Clatsop County School District No. 30 Warrenton-Hammond, Series B                       | CUSIP: 182855FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079439.80   | 0.39%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland                                                              | Port of Portland, Series 27-A                                                           | CUSIP: 735240X24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4290000 | PA      | $4589704.98   | 1.67%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Beaverton                                                             | City of Beaverton                                                                       | CUSIP: 07556MFV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1903613.18   | 0.69%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Clackamas & Yamhill Counties School District No. 88J               | Washington Clackamas & Yamhill Counties School District No. 88J, Series B               | CUSIP: 937440EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2888795.56   | 1.05%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes County Administrative School District No. 1 Bend-La Pine            | Deschutes County Administrative School District No. 1 Bend-La Pine                      | CUSIP: 250325TB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002944.80   | 0.36%             | 2029-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Nehalem Bay Health District                                                   | Nehalem Bay Health District, Series A                                                   | CUSIP: 64015DAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2800355.67   | 1.02%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                               | State of Oregon, Series A                                                               | CUSIP: 68609TLP1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3108298.50   | 1.13%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No. 2J                         | Deschutes & Jefferson Counties School District No. 2J                                   | CUSIP: 250343LP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139580.60   | 0.41%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                   | Commonwealth of Puerto Rico                                                             | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   2019241 | PA      | $1365512.04   | 0.50%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                          | Oregon State Lottery, Series A                                                          | CUSIP: 68607V6B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081177.80   | 0.39%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blue Mountain Community College District                                      | Blue Mountain Community College District                                                | CUSIP: 095743CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $970562.50    | 0.35%             | 2027-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Clackamas & Yamhill Counties School District No. 88J               | Washington Clackamas & Yamhill Counties School District No. 88J, Series A               | CUSIP: 937440FE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1369648.50   | 0.50%             | 2042-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond                                                               | City of Redmond, Series A                                                               | CUSIP: 757657ZE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $611671.89    | 0.22%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Hood Community College District                                         | Mount Hood Community College District                                                   | CUSIP: 621587LC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079395.50   | 0.39%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No. 48J                       | Washington & Multnomah Counties School District No. 48J, Series A                       | CUSIP: 938429W94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1199144.80   | 0.44%             | 2038-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management                                            | Dreyfus Government Cash Management - Institutional Shares, Class I                      | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   3387462 | NS      | $3387462.34   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Clackamas County School District No. 12                                       | Clackamas County School District No. 12, Series A                                       | CUSIP: 179093LD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $327671.22    | 0.12%             | 2041-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Marion County School District No. 1                                           | Marion County School District No. 1 Gervais                                             | CUSIP: 569133CW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1369743.75   | 0.50%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County Hospital Facility Authority                                      | Union County Hospital Facility Authority                                                | CUSIP: 906420BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $140015.03    | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 7 Reynolds                               | Multnomah County School District No. 7                                                  | CUSIP: 625574QM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1175856.40   | 0.43%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County School District No. 5 Ashland                                  | Jackson County School District No. 5 Ashland                                            | CUSIP: 467736EE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5720000 | PA      | $5972265.16   | 2.17%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                             | Territory of Guam, Series F                                                             | CUSIP: 40065NCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1067447.30   | 0.39%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No. 62                                            | Oregon City School District No. 62, Series A                                            | CUSIP: 179162LB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $185798.44    | 0.07%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                             | Territory of Guam, Series F                                                             | CUSIP: 40065NCP0<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1081881.10   | 0.39%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County School District No. 5 Ashland                                  | Jackson County School District No. 5 Ashland                                            | CUSIP: 467736DV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1744960.97   | 0.63%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. IV                             | Texas Municipal Gas Acquisition & Supply Corp. IV, Series A                             | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2841811.24   | 1.03%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                     | Tri-County Metropolitan Transportation District of Oregon, Series A                     | CUSIP: 89546RPS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3131193.60   | 1.14%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County Hospital Facility Authority                                      | Union County Hospital Facility Authority                                                | CUSIP: 906420CH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1258618.88   | 0.46%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                      | New Hampshire Business Finance Authority, Series 2, Class A-1                           | CUSIP: 63607WBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2645469 | PA      | $2602960.73   | 0.95%             | 2042-11-20      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| City of Portland                                                              | City of Portland, Series A                                                              | CUSIP: 736742XZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $721231.73    | 0.26%             | 2029-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Washington & Multnomah Counties School District No. 48J Beaverton             | Washington & Multnomah Counties School District No. 48J, Series A                       | CUSIP: 9384292M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2144694.00   | 0.78%             | 2040-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No. 62                                            | Oregon City School District No. 62, Series A                                            | CUSIP: 179162LC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $203066.96    | 0.07%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond                                                               | City of Redmond, Series A                                                               | CUSIP: 757657ZJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1320296.44   | 0.48%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Polk Marion & Benton Counties School District No. 13J Central                 | Polk Marion & Benton Counties School District No. 13J Central                           | CUSIP: 731418MA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1515662.06   | 0.55%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                                   | Warm Springs Reservation Confederated Tribe, Series B                                   | CUSIP: 934312AN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1282527.12   | 0.47%             | 2034-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No. 2J                         | Deschutes & Jefferson Counties School District No. 2J                                   | CUSIP: 250343LR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116719.40   | 0.41%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                         | Puerto Rico Sales Tax Financing Corp., Series A-1                                       | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    545000 | PA      | $541272.64    | 0.20%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                               | State of Oregon, Series A                                                               | CUSIP: 68609UCE3<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2601598.77   | 0.94%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                             | Southeast Energy Authority A Cooperative District, Series B                             | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1417149.86   | 0.51%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Redmond                                                               | City of Redmond, Series A                                                               | CUSIP: 757657ZR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1837627.23   | 0.67%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                           | U.S. Treasury Long Bonds                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -35 | NC      | $-104260.17   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Commonwealth of Puerto Rico                                                   | Commonwealth of Puerto Rico                                                             | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   2862714 | PA      | $1832137.15   | 0.67%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                               | State of Oregon, Series J                                                               | CUSIP: 68609UHS7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1795336.47   | 0.65%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                             | Oregon State Facilities Authority, Series A                                             | CUSIP: 68608JYH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $578860.04    | 0.21%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County Hospital Facility Authority                                      | Union County Hospital Facility Authority                                                | CUSIP: 906420BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540129.65    | 0.20%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Linn & Benton Counties School District No. 8J Greater Albany                  | Linn & Benton Counties School District No. 8J Greater Albany                            | CUSIP: 391554BS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2104947.43   | 0.76%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bend Metropolitan Park & Recreation District                                  | Bend Metropolitan Park & Recreation District                                            | CUSIP: 081645CH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1430651.94   | 0.52%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                               | State of Oregon, Series I                                                               | CUSIP: 68609UVC6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112759.00   | 0.40%             | 2055-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                    | Chicago Board of Education, Series A                                                    | CUSIP: 167505QY5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501277.90    | 0.18%             | 2044-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Union County Hospital Facility Authority                                      | Union County Hospital Facility Authority                                                | CUSIP: 906420BV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $712449.01    | 0.26%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metro                                                                         | Metro, Series A                                                                         | CUSIP: 59163PLV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1305731.97   | 0.47%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                       | State of Oregon, Series A                                                               | CUSIP: 686087H67<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2519668.49   | 0.92%             | 2051-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 7 Reynolds                               | Multnomah County School District No. 7                                                  | CUSIP: 625574QG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103505.00   | 0.40%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Clackamas Counties School District No. 23J                       | Washington & Clackamas Counties School District No. 23J                                 | CUSIP: 938395TK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2736108.75   | 0.99%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                       | State of Oregon Housing & Community Services Department, Series A                       | CUSIP: 6860876B8<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4501644.40   | 1.63%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No. 2J                         | Deschutes & Jefferson Counties School District No. 2J                                   | CUSIP: 250343LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $2054537.63   | 0.75%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                                   | Warm Springs Reservation Confederated Tribe, Series B                                   | CUSIP: 934312AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075587.30   | 0.39%             | 2032-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Linn Benton Community College District                                        | Linn Benton Community College District                                                  | CUSIP: 535769DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1521394.90   | 0.55%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                         | Medford Hospital Facilities Authority, Series A                                         | CUSIP: 584283GR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $542319.95    | 0.20%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                       | Energy Southeast A Cooperative District, Series B                                       | CUSIP: 292723CN1<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1560015.45   | 0.57%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Hood Community College District                                         | Mount Hood Community College District                                                   | CUSIP: 621587KX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1137812.90   | 0.41%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                  | State of Oregon Department of Transportation, Series A                                  | CUSIP: 68607DWQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1484984.74   | 0.54%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Hood Community College District                                         | Mount Hood Community College District                                                   | CUSIP: 621587KZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112411.80   | 0.40%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No. 2J                         | Deschutes & Jefferson Counties School District No. 2J                                   | CUSIP: 250343LT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093794.80   | 0.40%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No. 12 North Clackamas                       | Clackamas County School District No. 12 North Clackamas                                 | CUSIP: 179093KA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1166340.34   | 0.42%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No. 24J                                          | Salem-Keizer School District No. 24J, Series B                                          | CUSIP: 569203PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1254844.31   | 0.46%             | 2032-06-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                            | Oregon Health & Science University, Series B-2                                          | CUSIP: 685869HJ1<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   8660000 | PA      | $9578780.97   | 3.48%             | 2046-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Regional Education Service District                                 | Northwest Regional Education Service District                                           | CUSIP: 667785DU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $569048.85    | 0.21%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 1 Portland                               | Multnomah County School District No. 1 Portland                                         | CUSIP: 625517PA9<br>LEI: 5493002CTP8R8T4OPS64 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131236.60   | 0.41%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County Hospital Facility Authority                                      | Union County Hospital Facility Authority                                                | CUSIP: 906420BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $183662.50    | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                             | Oregon State Facilities Authority, Series A                                             | CUSIP: 68608JWU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1159807.92   | 0.42%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                             | Salem Hospital Facility Authority, Series A                                             | CUSIP: 794458EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2940972.00   | 1.07%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas Community College District                                          | Clackamas Community College District                                                    | CUSIP: 179390QF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1654661.85   | 0.60%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No. 2J                         | Deschutes & Jefferson Counties School District No. 2J                                   | CUSIP: 250343LQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129693.30   | 0.41%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland                                                              | City of Portland, Series A                                                              | CUSIP: 736754TF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2331973.40   | 0.85%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County Housing Authority                                            | Clackamas County Housing Authority, Series A                                            | CUSIP: 179032BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $680280.98    | 0.25%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington County School District No. 15 Forest Grove                         | Washington County School District No. 15                                                | CUSIP: 938361QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115354.00   | 0.41%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                             | Oregon State Facilities Authority, Series A                                             | CUSIP: 68608JYJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2144224.42   | 0.78%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metro                                                                         | Metro                                                                                   | CUSIP: 59163PMB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2325114.31   | 0.84%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                          | Oregon State Lottery, Series A                                                          | CUSIP: 68607V6F7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1160905.90   | 0.42%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                         | Puerto Rico Sales Tax Financing Corp., Series A-1                                       | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    579000 | PA      | $579157.84    | 0.21%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                                   | Warm Springs Reservation Confederated Tribe, Series B                                   | CUSIP: 934312AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530829.20    | 0.19%             | 2036-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Beaverton                                                             | City of Beaverton                                                                       | CUSIP: 07556MFW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1988647.51   | 0.72%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                             | Oregon State Facilities Authority, Series B                                             | CUSIP: 68608JXF3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   2900000 | PA      | $2900000.00   | 1.05%             | 2034-08-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No. 12 North Clackamas                       | Clackamas County School District No. 12 North Clackamas, Series B                       | CUSIP: 179093JM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053397.40   | 0.75%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                          | Oregon State Lottery, Series A                                                          | CUSIP: 68607V6Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2426485.92   | 0.88%             | 2042-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tillamook & Yamhill Counties School District No. 101 Nestucca Valley          | Tillamook & Yamhill Counties School District No. 101 Nestucca Valley, Series B          | CUSIP: 886791CH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1347352.43   | 0.49%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis | Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis, Series A | CUSIP: 082744CZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1706936.94   | 0.62%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Umatilla Hospital District No. 1                                              | Umatilla Hospital District No. 1                                                        | CUSIP: 904190AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2309993.30   | 0.84%             | 2043-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                               | State of Oregon, Series I                                                               | CUSIP: 68609UNC5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1730246.00   | 0.63%             | 2034-12-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Marion & Linn Counties School District No. 29J North Santiam                  | Marion & Linn Counties School District No. 29J North Santiam                            | CUSIP: 568555CJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1296876.52   | 0.47%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GDB Debt Recovery Authority of Puerto Rico                                    | GDB Debt Recovery Authority of Puerto Rico                                              | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    407360 | PA      | $396969.31    | 0.14%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System                                              | City of Portland, Series A                                                              | CUSIP: 736742G92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3160548.00   | 1.15%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No. 24J                                          | Salem-Keizer School District No. 24J, Series B                                          | CUSIP: 569203PF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102183.30   | 0.40%             | 2033-06-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Hood Community College District                                         | Mount Hood Community College District                                                   | CUSIP: 621587KY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126197.70   | 0.41%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pacific Communities Health District                                           | Pacific Communities Health District                                                     | CUSIP: 69413PAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2085212.34   | 0.76%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow        | Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow, Series A        | CUSIP: 625482GV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2593173.75   | 0.94%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Energy Finance Development Corp.                                     | New York Energy Finance Development Corp.                                               | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076392.60   | 0.39%             | 2056-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pacific Communities Health District                                           | Pacific Communities Health District                                                     | CUSIP: 69413PAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1969141.15   | 0.72%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                              | Kentucky Public Energy Authority, Series B                                              | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1304807.13   | 0.47%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 7 Reynolds                               | Multnomah County School District No. 7                                                  | CUSIP: 625574QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1141748.40   | 0.41%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Business Development Commission                                  | Oregon State Business Development Commission, Series 232                                | CUSIP: 68609AAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6053240.40   | 2.20%             | 2040-12-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                             | Salem Hospital Facility Authority, Series A                                             | CUSIP: 794458FK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1206932.32   | 0.44%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington & Clackamas Counties School District No. 23J Tigard-Tualatin       | Washington & Clackamas Counties School District No. 23J Tigard-Tualatin                 | CUSIP: 938395RN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074216.40   | 0.75%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                | Black Belt Energy Gas District, Series B                                                | CUSIP: 09182TEW3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2324061.85   | 0.84%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 1 Portland                               | Multnomah County School District No. 1 Portland                                         | CUSIP: 625517LF2<br>LEI: 5493002CTP8R8T4OPS64 | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1624523.88   | 0.59%             | 2037-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                             | Oregon State Facilities Authority, Series B                                             | CUSIP: 68608JZD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2446986.64   | 0.89%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                           | Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series B                           | CUSIP: 745160TH4<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1325000 | PA      | $1210368.42   | 0.44%             | 2042-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Washington & Clackamas Counties School District No. 23J                       | Washington & Clackamas Counties School District No. 23J                                 | CUSIP: 938395TL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4310000 | PA      | $4682334.00   | 1.70%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 7 Reynolds                               | Multnomah County School District No. 7                                                  | CUSIP: 625574QK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1157796.80   | 0.42%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                   | Commonwealth of Puerto Rico, Series A-1                                                 | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $918775.40    | 0.33%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                         | Puerto Rico Sales Tax Financing Corp., Series A-2                                       | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1391000 | PA      | $1350443.31   | 0.49%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Coos County School District No. 9 Coos Bay                                    | Coos County School District No. 9 Coos Bay                                              | CUSIP: 21709EBC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1092845.01   | 0.40%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis | Benton & Linn Counties Consolidated School District No. 509J & 509A Corvallis, Series A | CUSIP: 082744CY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115572.20   | 0.77%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                         | Medford Hospital Facilities Authority, Series A                                         | CUSIP: 584283GS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1273359.12   | 0.46%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland                                                              | City of Portland, Series A                                                              | CUSIP: 736754TJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1420074.75   | 0.52%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                       | State of Oregon Housing & Community Services Department, Series A                       | CUSIP: 686087T49<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   4765000 | PA      | $4800807.55   | 1.74%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Union County Hospital Facility Authority                                      | Union County Hospital Facility Authority                                                | CUSIP: 906420BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212037.32    | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond                                                               | City of Redmond, Series A                                                               | CUSIP: 757657ZP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1139977.30   | 0.41%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                             | Territory of Guam, Series G                                                             | CUSIP: 40065NCY1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1850000 | PA      | $2025273.26   | 0.74%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 1 Portland                               | Multnomah County School District No. 1 Portland, Series B                               | CUSIP: 625517EQ6<br>LEI: 5493002CTP8R8T4OPS64 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $2982443.11   | 1.08%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warm Springs Reservation Confederated Tribe                                   | Warm Springs Reservation Confederated Tribe, Series B                                   | CUSIP: 934312AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3590613.04   | 1.30%             | 2039-11-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Metro                                                                         | Metro                                                                                   | CUSIP: 59163PMF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3606776.17   | 1.31%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Redmond                                                               | City of Redmond, Series A                                                               | CUSIP: 757657ZF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $555553.55    | 0.20%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 7 Reynolds                               | Multnomah County School District No. 7                                                  | CUSIP: 625574QN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1158714.00   | 0.42%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes County Administrative School District No. 1 Bend-La Pine            | Deschutes County Administrative School District No. 1 Bend-La Pine                      | CUSIP: 250325VR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3790000 | PA      | $3711839.59   | 1.35%             | 2045-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                               | State of Oregon, Series C                                                               | CUSIP: 68609UQL2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1669018.20   | 0.61%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No. 62                                            | Oregon City School District No. 62, Series A                                            | CUSIP: 179162LA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $200646.18    | 0.07%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                            | FHLMC Multifamily VRD Certificates, Series ML-27                                        | CUSIP: 31350ADQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2985186 | PA      | $3080767.43   | 1.12%             | 2041-08-25      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                             | Oregon State Facilities Authority, Series A                                             | CUSIP: 68608JYM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265078.39    | 0.10%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                               | State of Oregon, Series A                                                               | CUSIP: 68609UPC3<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1596147.96   | 0.58%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No. 7 Reynolds                               | Multnomah County School District No. 7                                                  | CUSIP: 625574QL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1168997.20   | 0.42%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland                                                              | Port of Portland, Series 30-A                                                           | CUSIP: 7352403W1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116343.50   | 0.41%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                     | Tri-County Metropolitan Transportation District of Oregon, Series A                     | CUSIP: 89546RNQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4051342.26   | 1.47%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                         | Medford Hospital Facilities Authority, Series A                                         | CUSIP: 584283HB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1499805.92   | 0.54%             | 2045-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp.                                         | Puerto Rico Sales Tax Financing Corp., Series A-2                                       | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2821000 | PA      | $2738749.51   | 0.99%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No. 12                                       | Clackamas County School District No. 12, Series A                                       | CUSIP: 179093LJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5355000 | PA      | $2556296.00   | 0.93%             | 2041-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland                                                              | Port of Portland, Series 30-A                                                           | CUSIP: 7352404E0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5313072.00   | 1.93%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                       | State of Oregon, Series C                                                               | CUSIP: 686087RX7<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1253023.75   | 0.46%             | 2038-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                           | U.S. Treasury 10 Year Ultra Bonds                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -65 | NC      | $-99518.54    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Hillsboro School District No. 1J                                              | Hillsboro School District No. 1J                                                        | CUSIP: 939307JF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064893.40   | 0.75%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deschutes & Jefferson Counties School District No. 2J                         | Deschutes & Jefferson Counties School District No. 2J                                   | CUSIP: 250343LS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105064.10   | 0.40%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bend                                                                  | City of Bend                                                                            | CUSIP: 081617XU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2929370.84   | 1.06%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clatsop County School District No. 1-C                                        | Clatsop County School District No. 1-C, Series B                                        | CUSIP: 182810BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1314136.22   | 0.48%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                     | Tri-County Metropolitan Transportation District of Oregon, Series A                     | CUSIP: 89546RPR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2090307.60   | 0.76%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                               | California Community Choice Financing Authority, Series C                               | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2843236.68   | 1.03%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Portland                                                              | City of Portland, Series A                                                              | CUSIP: 736754RC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1878481.03   | 0.68%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metro                                                                         | Metro, Series A                                                                         | CUSIP: 59163PLL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2530456.48   | 0.92%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington & Clackamas Counties School District No. 23J                       | Washington & Clackamas Counties School District No. 23J                                 | CUSIP: 938395TF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3200169.00   | 1.16%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** NEW YORK LIFE INVESTMENTS FUNDS TRUST

**Signature:** Jack Benintende

**Name of Signer:** Jack Benintende

**Title:** Treasurer