# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-004464
**Filing Date:** 2026-4
**Character Count:** 48026
**Document Hash:** 6b5334df3a8bb31c7da6680205eb4197
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-004464.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001099263-26-004464

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23494
- **FILM NUMBER:** 26899737

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

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

## Series and Classes Contracts Data

### T. Rowe Price Long Municipal Income ETF (Series ID: S000095888)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000264670 | T. Rowe Price Long Municipal Income ETF | TMNL            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

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

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

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

- **b. EDGAR series identifier (if any):** S000095888

- **c. LEI of Series:** 254900JNTHHM7ZXWZ977

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $22858557.36

**Total Liabilities:** $4531.95

**Net Assets:** $22854025.41

**Cash Not Reported:** $50054.21

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -183.619786 | **1-Year:** -1137.371507 | **5-Year:** -2978.910826 | **10-Year:** -7426.473401 | **30-Year:** -2503.902199

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

- **3-Month:** -5.156513 | **1-Year:** -111.810461 | **5-Year:** -392.376052 | **10-Year:** -473.512529 | **30-Year:** -708.607111

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000264670 | 0.07%                | 0.72%                | 1.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2.52                   | $-58372.12                                 |
| Month 2  | $-604.85                 | $80225.75                                  |
| Month 3  | $645.18                  | $289568.37                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALEXANDRIA REDEV HSG                      | ALEXANDRIA VA REDEV   HSG AUTH ALEMFH 12/54 ADJUSTABLE VAR  | CUSIP: 015330FC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100538.53    | 0.44%             | 2054-12-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| AZ ST INDL DEV AUTH-A                     | ARIZONA ST INDL DEV AUTH NATIO AZSEDU 11/42 FIXED 5         | CUSIP: 04052FEJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214670.16    | 0.94%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AZ ST IDA EQUITABLE SCH REVOL FUND SER A  | ARIZONA ST INDL DEV AUTH NATIO AZSEDU 11/44 FIXED 5         | CUSIP: 04052FAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128362.68    | 0.56%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON HGR EDU-REF 144A                | ARLINGTON TX HGR EDU FIN CORP ARLEDU 06/55 FIXED OID 5.75   | CUSIP: 041807PV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101683.31    | 0.44%             | 2055-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARLINGTON HGR EDU-A                       | ARLINGTON TX HGR EDU FIN CORP ARLEDU 08/45 FIXED 3          | CUSIP: 041806E63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $240567.75    | 1.05%             | 2045-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REV AMT                | AUSTIN TX ARPT SYS REVENUE AUSAPT 11/43 FIXED 5             | CUSIP: 052398HU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $328935.67    | 1.44%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BATTERY PARK-REF                          | BATTERY PARK CITY NY AUTH BTYGEN 11/46 FIXED 5              | CUSIP: 07133AKN1<br>LEI: 549300RF3SFDOWRHVM56 | Long             | DBT              | MUN               | US        |    250000 | PA      | $273159.00    | 1.20%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT-D-REF                          | BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR   | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    250000 | PA      | $277560.70    | 1.21%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOB STLMT SR B-2 CL 2          | BUCKEYE OH TOBACCO SETTLEMENT BUCGEN 06/55 FIXED 5          | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $103214.25    | 0.45%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA CMTY CHOICE AUTH PROJ SER F            | CALIFORNIA CMNTY CHOICE FING A CCEDEV 10/54 ADJUSTABLE VAR  | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    250000 | PA      | $274743.95    | 1.20%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CA CMNTY CHOICE-G                         | CALIFORNIA CMNTY CHOICE FING A CCEDEV 12/35 FIXED 5         | CUSIP: 13013JHJ8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112616.44    | 0.49%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA MUNI FIN AUTH-A                        | CALIFORNIA ST MUNI FIN AUTH CH CASFIN 07/45 FIXED 5.5       | CUSIP: 13048DDN5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50533.74     | 0.22%             | 2045-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CA MUNI FIN AUTH-B                        | CALIFORNIA ST MUNI FIN AUTH SP CASGEN 09/55 FIXED 5.125     | CUSIP: 13051APQ5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49771.45     | 0.22%             | 2055-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CA MUNI FIN CLAREMONT STD HSG A-P3 144A   | CALIFORNIA ST MUNI FIN AUTH ST CASFIN 07/40 FIXED 5         | CUSIP: 13049YEQ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151383.20    | 0.66%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA STATEWIDE DEV-C-1                      | CALIFORNIA ST STWD CMNTYS DEV CASDEV 09/39 FIXED 5          | CUSIP: 13078YXP5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218283.98    | 0.96%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CA STATEWIDE DEV-C-1                      | CALIFORNIA ST STWD CMNTYS DEV CASDEV 09/40 FIXED 5          | CUSIP: 13078YXQ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    290000 | PA      | $314052.37    | 1.37%             | 2040-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE BAY VA BRDG & TNL1ST TR AGM    | CHESAPEAKE BAY VA BRIDGE   TUN CHBTRN 07/41 FIXED 5         | CUSIP: 16514PAC3<br>LEI: 549300JGWE66ZSSOYN09 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501928.25    | 2.20%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CO PA DEV COLLEGIUM CHARTER 144A  | CHESTER CNTY PA INDL DEV AUTH CHEDEV 10/52 FIXED 6          | CUSIP: 165588FN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99985.97     | 0.44%             | 2052-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HGR EDU FIN                       | CLIFTON TX HGR EDU FIN CORP ED CLIEDU 08/43 FIXED 5         | CUSIP: 187145WK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216750.30    | 0.95%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CO ST ADVENT HLTH OBLIG GRP SER A         | COLORADO ST HLTH FACS AUTH REV COSMED 11/46 FIXED 4         | CUSIP: 19648FSG0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    280000 | PA      | $262728.26    | 1.15%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT HSG DUBLIN SER B 144A    | CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 02/57 FIXED 4         | CUSIP: 126292AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $193591.98    | 0.85%             | 2057-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CO HOSP                          | CUYAHOGA CNTY OH HOSP REVENUE CUYMED 02/37 FIXED 5          | CUSIP: 2322655P9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201686.98    | 0.88%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH-A-2 AMT                 | DALLAS FORT WORTH TX INTERNATI DALAPT 11/50 ADJUSTABLE VAR  | CUSIP: 23503CFK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $429132.92    | 1.88%             | 2050-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DE ST EDA NEWARK CHRTR SCH INC SER A      | DELAWARE ST ECON DEV AUTH REVE DESDEV 09/46 FIXED 5         | CUSIP: 246387RS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200128.76    | 0.88%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV SER A AMT  | DENVER CITY   CNTY CO ARPT REV DENAPT 12/37 FIXED 5         | CUSIP: 249182LT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $420686.00    | 1.84%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DC-KIPP-SER A-REF                         | DIST OF COLUMBIA REVENUE DISREV 07/42 FIXED 5               | CUSIP: 25483VTD6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202831.82    | 0.89%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FULTON CO GA WOODRUFF ARTS CTR SER A      | FULTON CNTY GA DEV AUTH FULDEV 03/36 FIXED 5                | CUSIP: 3599006Z5<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100156.39    | 0.44%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FULTON CO GA ST DEV AUTH HOSP REV SER A   | FULTON CNTY GA DEV AUTH HOSP FULMED 04/42 FIXED 5           | CUSIP: 36005GAW3<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101268.99    | 0.44%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FULTON CO DEV AUTH                        | FULTON CNTY GA DEV AUTH REVENU FULDEV 07/44 FIXED OID 3     | CUSIP: 36005FGD1<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    190000 | PA      | $157166.75    | 0.69%             | 2044-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GENESEE CO CORP-A                         | GENESEE CNTY NY FUNDING CORP GEFDEV 12/55 FIXED 5.5         | CUSIP: 371669BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104422.59    | 0.46%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GEO SMITH II GA CONV CTR AUTH HTL SER A   | GEO L SMITH II GA CONGRESS CTR GLSFAC 01/54 FIXED 4         | CUSIP: 37255MAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $258948.69    | 1.13%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SEC TOBACCO SUB SR B-2  | GOLDEN ST TOBACCO SECURITIZATI GLDGEN 06/66 ZEROCPNOID 0    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $213231.00    | 0.93%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS ECON DEV                     | GRAND RAPIDS MI ECON DEV CORP GRADEV 11/60 FIXED OID 6.125  | CUSIP: 386246HK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100794.59    | 0.44%             | 2060-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HARRIS CO BRAZOS PRSBYT HOMES SR A        | HARRIS CNTY TX CULTURAL EDU FA HAREDU 01/43 FIXED 5         | CUSIP: 414009FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200050.36    | 0.88%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL REV FIRST LIEN SER A  | HARRIS CNTY TX TOLL ROAD REVEN HARTRN 08/49 FIXED OID 4     | CUSIP: 41423PDY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $744180.00    | 3.26%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HENRICO CO ECO AUTH                       | HENRICO CNTY VA ECON DEV AUTH HENMFH 12/45 ADJUSTABLE VAR   | CUSIP: 42605KAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $757947.75    | 3.32%             | 2045-12-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV SUB SR A AMT      | HOUSTON TX ARPT SYS REVENUE HOUAPT 07/41 FIXED 4            | CUSIP: 442349FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $94556.72     | 0.41%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH-A1                       | INDIANA ST FIN AUTH REVENUE INSFIN 11/38 FIXED 5            | CUSIP: 45506EQP1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $115473.92    | 0.51%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KY ST PUB ENERGY GAS SPLY REV SER A-1     | KENTUCKY ST PUBLIC ENERGY AUTH KYSPWR 05/55 ADJUSTABLE VAR  | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    195000 | PA      | $208939.46    | 0.91%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MADISON IDA-A-REF                         | MADISON CNTY VA INDL DEV AUTH MADDEV 10/46 FIXED OID 3      | CUSIP: 557432AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $314166.80    | 1.37%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NAT GAS INC REV SER A         | MAIN STREET NATURAL GAS INC GA MAIUTL 05/54 ADJUSTABLE VAR  | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $272733.13    | 1.19%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MD ST CMNTY HSG & CMTY DEV SER B          | MARYLAND ST CMNTY DEV ADMIN DE MDSDEV 09/51 FIXED 3         | CUSIP: 57419TTP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $357768.86    | 1.57%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MD ST ECON PRPLE LINE LT RAIL SR BP3 AMT  | MARYLAND ST ECON DEV CORP PRIV MDSDEV 06/52 FIXED 5.25      | CUSIP: 57422JBZ0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    460000 | PA      | $461640.87    | 2.02%             | 2052-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MD ST EDC SH REV MORGAN ST UNIV SER A     | MARYLAND ST ECON DEV CORP STUD MDSDEV 07/53 FIXED OID 5.75  | CUSIP: 57420VSN4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    175000 | PA      | $183533.58    | 0.80%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MD HLTH & HGR ED FAC AUTH REV EDENWALD    | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/37 FIXED 5.25      | CUSIP: 574218A29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100066.88    | 0.44%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MD H&H ED FACS ADVENTIST HLTHCRE SER A    | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/46 FIXED 5.5       | CUSIP: 574218T37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403537.44    | 1.77%             | 2046-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MD H&H ED FACS ADVENTIST HLTHCRE SER B    | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 01/51 FIXED 4         | CUSIP: 57421CDC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $84808.40     | 0.37%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MD ST HLTH & HGR EDU STEVENSON UNIV SR A  | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 06/40 FIXED 4         | CUSIP: 57421CCG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $38959.74     | 0.17%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MD ST HHEFA REV MERCY MED CENTER SER A    | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 07/42 FIXED OID 4     | CUSIP: 574218B85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $59888.03     | 0.26%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MD HLTH HGR EDL-C-REF                     | MARYLAND ST HLTH   HGR EDUCTNL MDSMED 07/50 FIXED 5.25      | CUSIP: 57421CKZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $179330.96    | 0.78%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MED UNIV HOSP AUTH                        | MED UNIV SC HOSP AUTH HOSP MTG MDUMED 05/46 FIXED 5.25      | CUSIP: 58463YBM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211113.50    | 0.92%             | 2046-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET ATLANTA TRANSIT-A                     | MET ATLANTA GA RAPID TRANSIT A METTRN 07/43 FIXED OID 3.5   | CUSIP: 5917452H6<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    100000 | PA      | $93560.40     | 0.41%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASH & DAVID TN HLTH & EDU SR A  | MET GOVT NASHVILLE   DAVIDSONC METHGR 07/46 FIXED 5         | CUSIP: 592041WH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100177.38    | 0.44%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE ARPT-B AMT                  | MET NASHVILLE TN ARPT AUTH ARP MNVAPT 07/51 FIXED 5.25      | CUSIP: 592190SV5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131125.35    | 0.57%             | 2051-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DC ARPT DULLES TOLL RD SER A              | MET WASHINGTON DC ARPTS AUTH D METAPT 10/44 FIXED 5         | CUSIP: 592643CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206192.26    | 0.90%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH CTFS SR 2024-1 CLASS A  | NATIONAL FIN AUTH NH MUNI CTFS NFADEV 07/41 FIXED OID 4.25  | CUSIP: 63607WAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195429 | PA      | $200830.84    | 0.88%             | 2041-07-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NJ EDA D&W AMT REP PORT RAIL TRM PR 144A  | NEW JERSEY ST ECON DEV AUTH DO NJSDEV 01/35 FIXED OID 6.375 | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105392.23    | 0.46%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NJ ECON DEV AUTH GOETHALS BRIDGE AMT      | NEW JERSEY ST ECON DEV AUTH RE NJSDEV 01/34 FIXED OID 5.125 | CUSIP: 6459182A0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200415.42    | 0.88%             | 2034-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NJ ECO DEV AUTH                           | NEW JERSEY ST ECON DEV AUTH SC NJSDEV 11/45 FIXED 5         | CUSIP: 645912GA8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102523.36    | 0.45%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NJ HLTHCARE FACS RWJ BARNABAS OBL SER A   | NEW JERSEY ST HLTH CARE FACS F NJSMED 07/43 FIXED 5         | CUSIP: 645790FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100589.14    | 0.44%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NYC AGY REV QUEENS STADIUM SER A          | NEW YORK CITY NY INDL DEV AGY NYCDEV 01/34 FIXED 3          | CUSIP: 64971PLC7<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200424.96    | 0.88%             | 2034-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK MUNI-AA-1                        | NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/55 FIXED 5.25       | CUSIP: 64972GS39<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067862.00   | 4.67%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NY TRANSITIONAL FIN-B                     | NEW YORK CITY NY TRANSITIONAL NYCGEN 05/51 FIXED 5          | CUSIP: 64972JXR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523733.20    | 2.29%             | 2051-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NY ST DORM REV ORNG REGNL MED CEN 144A    | NEW YORK ST DORM AUTH REVENUES NYSHGR 12/31 FIXED 5         | CUSIP: 64990CPW5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100299.42    | 0.44%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTGE AGY                      | NEW YORK ST MTGE AGY REVENUE NYSHSG 10/30 FIXED 3.4         | CUSIP: 64988RGM8<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400031.44    | 1.75%             | 2030-10-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NY TRANSPRTN DEV CORP AMT                 | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 06/59 FIXED 6         | CUSIP: 650116JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $426554.64    | 1.87%             | 2059-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NY ST TRANS DEV FAC LAGUARDIA ARPT AMT    | NEW YORK ST TRANSPRTN DEV CORP NYTTRN 10/40 FIXED 5         | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103498.91    | 0.45%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWPORT NEWS VA DEV RSDL FACS LIFESPIRE   | NEWPORT NEWS VA ECON DEV AUTH NEWDEV 12/38 FIXED 5          | CUSIP: 65225PAM8<br>LEI: 549300WZQTRG07G0UZ88 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165153.78    | 0.72%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORFOLK VA EDA SENTARA HLTH SER B         | NORFOLK VA ECON DEV AUTH HOSPF NORMED 11/48 FIXED 4         | CUSIP: 65588TAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $116299.71    | 0.51%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG                     | NORTH CAROLINA ST HSG FIN AGY NCSHSG 07/53 FIXED 6          | CUSIP: 658207T88<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74961.61     | 0.33%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST TUR                     | NORTH CAROLINA ST TURNPIKE AUT NCSTRN 01/39 FIXED OID 4     | CUSIP: 65830RCJ6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    400000 | PA      | $406972.80    | 1.78%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OH AIR QLTY DEV AUTH PRAT PAPER 144A AMT  | OHIO ST AIR QUALITY DEV AUTH E OHSDEV 01/38 FIXED 4.25      | CUSIP: 67754AAD6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201588.00    | 0.88%             | 2038-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PA ECON DEV FING AMT                      | PENNSYLVANIA ST ECON DEV FING PASDEV 12/38 FIXED OID 4.125  | CUSIP: 70869PHW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $296950.50    | 1.30%             | 2038-12-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA-UNREFUND                     | PHILADELPHIA PA AUTH FOR INDL PHIDEV 11/47 FIXED 5          | CUSIP: 71781XHG1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50022.01     | 0.22%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA-PREREF PRE                   | PHILADELPHIA PA AUTH FOR INDL PHIDEV 11/47 FIXED 5          | CUSIP: 71781XHE6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51564.12     | 0.23%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHX AZ STDNT HSG REV AZ ST UNIV PRJ SR A  | PHOENIX AZ INDL DEV AUTH STUDE PHODEV 07/42 FIXED 5         | CUSIP: 71885DDH2<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201281.96    | 0.88%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PISCATAWAY TOWNSHIP                       | PISCATAWAY TWP NJ PIS 10/37 FIXED OID 2                     | CUSIP: 724292YV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $173948.52    | 0.76%             | 2037-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY/NJ-197 AMT                   | PORT AUTH OF NEW YORK   NEW JE PORTRN 11/41 FIXED 5         | CUSIP: 73358WD35<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252502.35    | 1.10%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH -A 144A                      | PUBLIC FIN AUTH WI EDU REVENUE PUBEDU 07/33 FIXED OID 4     | CUSIP: 74442ENV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101007.87    | 0.44%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PFA WI REV SEARSTONE CCRC PROJ SER A 144A | PUBLIC FIN AUTH WI REVENUE PUBGEN 06/37 FIXED 5             | CUSIP: 74442PTP0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155218.17    | 0.68%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH-A                         | PUBLIC FIN AUTH WI STUDENT HSG PUBFIN 07/45 FIXED 5         | CUSIP: 74439YGT2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104351.18    | 0.46%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH-AMT AMT                      | PUBLIC FIN AUTH WI TOLL REVENU PUBTRN 06/60 FIXED OID 5.75  | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104733.29    | 0.46%             | 2060-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUB FIN AUTH-AMT AMT                      | PUBLIC FIN AUTH WI TOLL REVENU PUBTRN 12/65 FIXED 6.5       | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111184.99    | 0.49%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH CVI-SUBSER CW HTA 98 TXBL      | PUERTO RICO CMWLTH PRC 11/51 ADJUSTABLE VAR                 | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    417984 | PA      | $289453.86    | 1.27%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PR ELEC SER TT                            | PUERTO RICO ELEC PWR AUTH PWR PRCPWR 07/19 FIXED OID 4.2    | CUSIP: 74526QG48<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     50000 | PA      | $33375.00     | 0.15%             | 2026-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PR ELEC PWR AUTH REV SER ZZ-RSA-1         | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/19 FIXED 5.25      | CUSIP: 74526QH21<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     15000 | PA      | $10012.50     | 0.04%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PR ELEC-REF-DDD                           | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/20 FIXED 5         | CUSIP: 74526QJ45<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     25000 | PA      | $16687.50     | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PR ELEC                                   | PUERTO RICO ELEC PWR AUTH PWRR PRCPWR 07/20 FIXED 5.25      | CUSIP: 74526QJ29<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |     10000 | PA      | $6675.00      | 0.03%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING SALES TAX REV SER A1    | PUERTO RICO SALES TAX FING COR PRCGEN 07/34 FIXED OID 4.5   | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    100000 | PA      | $100021.57    | 0.44%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING SALES TAX REV SER A1    | PUERTO RICO SALES TAX FING COR PRCGEN 07/40 FIXED OID 4.55  | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    200000 | PA      | $201273.98    | 0.88%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING SALES TAX REV SER A1    | PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0    | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    207000 | PA      | $74083.48     | 0.32%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PR SALES TAX FING SALES TAX REV SER A1    | PUERTO RICO SALES TAX FING COR PRCGEN 07/53 FIXED OID 4.75  | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    130000 | PA      | $126508.66    | 0.55%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ST LOUIS CTY MO IDA NAZ LIV CTR PRJ SR A  | SAINT LOUIS CNTY MO INDL DEV A STLMED 08/35 FIXED 5         | CUSIP: 79130GHH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50007.06     | 0.22%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO BALLPRK VLG PROJ SER A     | SAINT LOUIS MO INDL DEV AUTH F STLGEN 11/47 FIXED OID 4.75  | CUSIP: 85236BAC6<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    100000 | PA      | $88111.01     | 0.39%             | 2047-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV AMT SER A      | SALT LAKE CITY UT ARPT REVENUE SALAPT 07/53 FIXED 5.25      | CUSIP: 795576MD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $413132.96    | 1.81%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAVANNAH-A-REF                            | SAVANNAH GA HOSP AUTH SAVMED 07/36 FIXED 4                  | CUSIP: 804833FB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302867.82    | 1.33%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAVANNAH GEORGIA-A                        | SAVANNAH GEORGIA CONVENTION CT SGCFAC 06/40 FIXED 5.25      | CUSIP: 804828AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $274605.88    | 1.20%             | 2040-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ ED REV AMER PROJ 144A     | SIERRA VISTA AZ INDL DEV AUTH SIEDEV 06/64 FIXED OID 5      | CUSIP: 82652UAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $42569.41     | 0.19%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SC JOBS ECON DEV-A                        | SOUTH CAROLINA ST JOBS ECON DE SCSEDU 06/33 FIXED OID 5.5   | CUSIP: 83704MFX9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100370.63    | 0.44%             | 2033-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY-H                        | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 11/35 FIXED 5         | CUSIP: 84136HDM2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    200000 | PA      | $219541.66    | 0.96%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TN ENERGY CORP-A                          | TENNESSEE ST ENERGY ACQUISITIO TNSUTL 11/34 FIXED 5         | CUSIP: 880443JQ0<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138455.31    | 0.61%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT-A2                     | TOBACCO SETTLEMENT AUTH IA TOB TOBGEN 06/39 FIXED 4         | CUSIP: 888805CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198324.54    | 0.87%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOB SETTLE FING CORP NJ SER B             | TOBACCO SETTLEMENT FING CORP N TOBGEN 06/46 FIXED 5         | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $148399.22    | 0.65%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO STLMNT SNR B1                     | TOBACCO SETTLEMENT FING CORP V TOBGEN 06/47 FIXED OID 5     | CUSIP: 88880NAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $169573.96    | 0.74%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSBAY JT PWRS-A                        | TRANSBAY JT POWERS AUTH CA TJPDEV 10/37 FIXED 5             | CUSIP: 89356CAP1<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    165000 | PA      | $171736.47    | 0.75%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF NC CHAPEL-A                       | UNIV OF NORTH CAROLINA NC AT C UNCHGR 12/55 FIXED 5         | CUSIP: 914713W99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $609913.20    | 2.67%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VA SML BFA PRIV TRAN 66 P3 PROJ AMT       | VIRGINIA SMALL BUSINESS FING A VASDEV 12/47 FIXED 5         | CUSIP: 928097AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100120.12    | 0.44%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VA SML BFA PRIV TRAN 66 P3 PROJ AMT       | VIRGINIA SMALL BUSINESS FING A VASDEV 12/56 FIXED 5         | CUSIP: 928097AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $368904.86    | 1.61%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VA BUS REV SNR LIEN 95 EXPRESS PROJ AMT   | VIRGINIA ST SMALL BUSINESS FIN VASDEV 01/39 FIXED 4         | CUSIP: 928104PQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100471.32    | 0.44%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WHITESTOWN TWN -REV 144A                  | WHITESTOWN IN ECON DEV REVENUE WTTDEV 09/50 FIXED 6         | CUSIP: 966095AV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100440.53    | 0.44%             | 2050-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President