# EDGAR Filing Document

**Accession Number:** 0001469192
**File Stem:** 0002071691-25-008867
**Filing Date:** 2025-12
**Character Count:** 71648
**Document Hash:** f5686ad656a47a7bd5073c43a59ffb8a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-008867.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0002071691-25-008867

**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:** 251589847

**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 Utah Muni Fund (Series ID: S000085228)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000250191 | Class C      | UTACX           |
| C000250192 | Class I      | UTAYX           |
| C000250193 | Class Z      | UTAHX           |
| C000250194 | Class A      | UTAVX           |

## 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 Utah Muni Fund

- **b. EDGAR series identifier (if any):** S000085228

- **c. LEI of Series:** 2549006ZKEK442IX7A43

**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:** $195153404.02

**Total Liabilities:** $732806.84

**Net Assets:** $194420597.18

**Cash Not Reported:** $271642.24

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -32.97000000 | **1-Year:** -529.16000000 | **5-Year:** -6477.66000000 | **10-Year:** -52977.17000000 | **30-Year:** -33198.85000000

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

- **3-Month:** 0.00000000 | **1-Year:** -5.00000000 | **5-Year:** -712.56000000 | **10-Year:** -9693.16000000 | **30-Year:** -6751.16000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250193 | 0.85%                | 1.79%                | 1.25%                |
| Class ID C000250191 | 0.82%                | 1.76%                | 1.23%                |
| Class ID C000250194 | 0.74%                | 1.90%                | 1.15%                |
| Class ID C000250192 | 0.76%                | 1.91%                | 1.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-355197.50              | $1365052.30                                |
| Month 2  | $33636.10                | $3057938.79                                |
| Month 3  | $44474.98                | $1605963.53                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| County of Weber                                                       | County of Weber                                                                 | CUSIP: 947664AU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $901722.24    | 0.46%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Galveston Wharves & Terminal                                  | City of Galveston, Series A                                                     | CUSIP: 364568KE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $583119.24    | 0.30%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verk Industrial Regional Public Infrastructure District               | Verk Industrial Regional Public Infrastructure District                         | CUSIP: 92348YAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1574724.15   | 0.81%             | 2047-09-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| City of West Valley City                                              | City of West Valley City                                                        | CUSIP: 95640TCS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $1846151.59   | 0.95%             | 2035-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                | Downtown Revitalization Public Infrastructure District, Series C                | CUSIP: 26118TBW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007946.00   | 0.52%             | 2035-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Fairview                                                      | City of Fairview                                                                | CUSIP: 306011AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $591971.78    | 0.30%             | 2046-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah State Building Ownership Authority                               | Utah State Building Ownership Authority                                         | CUSIP: 917547YX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992935.80    | 0.51%             | 2026-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority, Series A                                 | CUSIP: 91754T2J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $824442.40    | 0.42%             | 2040-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Mapleton City                                                 | City of Mapleton City                                                           | CUSIP: 565433AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1170256.38   | 0.60%             | 2036-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                            | South Dakota Housing Development Authority, Series C                            | CUSIP: 83756LBH7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1114452.83   | 0.57%             | 2055-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                           | Commonwealth of Puerto Rico                                                     | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1158360 | PA      | $783340.61    | 0.40%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County                | Metropolitan Government of Nashville & Davidson County                          | CUSIP: 592112RB4<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979822.80    | 0.50%             | 2029-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Houston                                                       | City of Houston, Series B                                                       | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086562.00   | 0.56%             | 2038-07-15      | Fixed         | 5.50%                 | 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        |   3296549 | NS      | $3296548.93   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Utah Associated Municipal Power Systems                               | Utah Associated Municipal Power Systems                                         | CUSIP: 917328RG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $906155.32    | 0.47%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                            | Intermountain Power Agency, Series A                                            | CUSIP: 45884AF32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098365.00   | 0.56%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno-Tahoe Airport Authority                                          | Reno-Tahoe Airport Authority, Series A                                          | CUSIP: 759874BY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1328295.84   | 0.68%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority, Series A                                 | CUSIP: 91754TZ63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063375.60   | 0.55%             | 2039-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                | Downtown Revitalization Public Infrastructure District, Series B                | CUSIP: 26118TBG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1150530.30   | 0.59%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Military Installation Development Authority                           | Military Installation Development Authority, Series A-1                         | CUSIP: 599772AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918362.30    | 0.47%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                            | Intermountain Power Agency, Series A                                            | CUSIP: 45884AG31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1621080.19   | 0.83%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754T4R1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $390554.33    | 0.20%             | 2035-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                           | Washington Health Care Facilities Authority, Series A                           | CUSIP: 93978HF34<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055960.10   | 0.54%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County Municipal Building Authority                        | Washington County Municipal Building Authority                                  | CUSIP: 938714BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509947.35    | 0.26%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Water Reclamation Facility                             | Central Valley Water Reclamation Facility, Series B                             | CUSIP: 155796BT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1023236.69   | 0.53%             | 2033-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                | South Dakota Health & Educational Facilities Authority                          | CUSIP: 83755VG81<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1212399.41   | 0.62%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754T2M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009269.60   | 0.52%             | 2037-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Park City                                                     | City of Park City                                                               | CUSIP: 700251EP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1430511.55   | 0.74%             | 2037-12-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TJ95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1401228.78   | 0.72%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                | South Dakota Health & Educational Facilities Authority, Series C-2              | CUSIP: 83755VW83<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100930.40   | 0.57%             | 2051-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Associated Municipal Power Systems                               | Utah Associated Municipal Power Systems                                         | CUSIP: 917328RJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $745868.30    | 0.38%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                            | Utah Infrastructure Agency                                                      | CUSIP: 917467DC3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    750000 | PA      | $769635.75    | 0.40%             | 2048-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Weber                                                       | County of Weber                                                                 | CUSIP: 947664AV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3706964.14   | 1.91%             | 2033-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                            | Intermountain Power Agency, Series A                                            | CUSIP: 45884AL35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1846300.43   | 0.95%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TGT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001109.30   | 0.51%             | 2037-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Utah                                                        | County of Utah, Series A                                                        | CUSIP: 917393DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1758241.19   | 0.90%             | 2043-05-15      | 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        |   1200000 | PA      | $1286857.92   | 0.66%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Emery County School District                                          | Emery County School District                                                    | CUSIP: 291155EK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1296762.86   | 0.67%             | 2035-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| University of Utah (The)                                              | University of Utah (The), Series B                                              | CUSIP: 9151833S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1130283.51   | 0.58%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Copper Rim Infrastructure Financing District                          | Copper Rim Infrastructure Financing District                                    | CUSIP: 217562AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032020.70   | 0.53%             | 2054-12-01      | Fixed         | 6.12%                 | Yes           |                  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        |   1796922 | PA      | $1768048.79   | 0.91%             | 2042-11-20      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                | Downtown Revitalization Public Infrastructure District, Series B                | CUSIP: 26118TBL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $570007.75    | 0.29%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Logan City School District                                            | Logan City School District                                                      | CUSIP: 540567JL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1385750.53   | 0.71%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TNC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500925.05   | 0.77%             | 2035-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                    | Utah Housing Corp., Series E                                                    | CUSIP: 917437UD5<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1782824.48   | 0.92%             | 2055-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wolf Creek Infrastructure Financing District No. 1                    | Wolf Creek Infrastructure Financing District No. 1                              | CUSIP: 977695AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046777.80   | 1.05%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ogden City Municipal Building Authority                               | Ogden City Municipal Building Authority, Series A                               | CUSIP: 676291BN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050955.70   | 0.54%             | 2043-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TJZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1095385.77   | 0.56%             | 2038-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TSZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4600678.50   | 2.37%             | 2047-03-15      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority, Series A                                 | CUSIP: 91754T2K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1090507.10   | 0.56%             | 2035-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                           | Commonwealth of Puerto Rico                                                     | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   2112857 | PA      | $1352228.57   | 0.70%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TJX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700501.13    | 0.36%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                            | Utah Infrastructure Agency                                                      | CUSIP: 917467BM3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924455.70    | 0.48%             | 2042-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Point Phase 1 Public Infrastructure District No. 1                    | Point Phase 1 Public Infrastructure District No. 1, Series A-1                  | CUSIP: 73058EAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033646.70   | 0.53%             | 2045-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                            | Utah Infrastructure Agency                                                      | CUSIP: 917467BK7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985342.60    | 0.51%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Associated Municipal Power Systems                               | Utah Associated Municipal Power Systems                                         | CUSIP: 917328RE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $796027.46    | 0.41%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                | Downtown Revitalization Public Infrastructure District, Series B                | CUSIP: 26118TBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101782.40   | 0.57%             | 2043-06-01      | Fixed         | 5.25%                 | 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    | 0.26%             | 2044-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle                                                       | Port of Seattle, Series B                                                       | CUSIP: 735389W38<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2118039.20   | 1.09%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                            | Utah Infrastructure Agency                                                      | CUSIP: 917467DA7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    555000 | PA      | $591489.25    | 0.30%             | 2039-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston                                                       | City of Houston, Series A                                                       | CUSIP: 442349JR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1915556.60   | 0.99%             | 2043-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lehi Local Building Authority                                         | Lehi Local Building Authority                                                   | CUSIP: 52475CAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546060.65    | 0.28%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                | Utah Transit Authority                                                          | CUSIP: 917567CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1172861.70   | 0.60%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                    | Utah Housing Corp., Series G                                                    | CUSIP: 917437MA0<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3761459.18   | 1.93%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City                                                | City of Salt Lake City                                                          | CUSIP: 795604CJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522754.15    | 0.27%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                            | Utah Infrastructure Agency                                                      | CUSIP: 917471BF0<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1028809.60   | 0.53%             | 2032-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of South Jordan                                                  | City of South Jordan                                                            | CUSIP: 83854PDB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1326478.63   | 0.68%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Eagle Mountain City                                           | City of Eagle Mountain City                                                     | CUSIP: 26970UBS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70087.19     | 0.04%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority, Series A                                 | CUSIP: 91754TKD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3280000 | PA      | $3279878.31   | 1.69%             | 2044-11-15      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                               | Dallas Fort Worth International Airport, Series A-1                             | CUSIP: 23503CGB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105917.10   | 0.57%             | 2040-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                | Utah Transit Authority, Series C                                                | CUSIP: 917565EU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $219800.74    | 0.11%             | 2032-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Ridge Infrastructure Financing District                         | Black Ridge Infrastructure Financing District                                   | CUSIP: 09217JAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007780.30   | 0.52%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority, Series A                                 | CUSIP: 91754TX40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $914644.00    | 0.47%             | 2046-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                            | Intermountain Power Agency, Series A                                            | CUSIP: 45884AA86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1301232.50   | 0.67%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                    | Utah Housing Corp., Series A                                                    | CUSIP: 917437RU1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2215870.39   | 1.14%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                            | Intermountain Power Agency, Series A                                            | CUSIP: 45884AF81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1991438.32   | 1.02%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                    | Utah Housing Corp., Series B-1, Class II                                        | CUSIP: 917436X69<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15009.21     | 0.01%             | 2032-07-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Florida Governmental Utility Authority                                | Florida Governmental Utility Authority                                          | CUSIP: 34281PRH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500824.75    | 0.26%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                           | Washington State Housing Finance Commission, Series A                           | CUSIP: 93978LJE7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1469490.30   | 0.76%             | 2035-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| City of Salt Lake City Airport                                        | City of Salt Lake City, Series A                                                | CUSIP: 795576LV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1652882.55   | 0.85%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                           | Washington State Housing Finance Commission, Series 2                           | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2483566 | PA      | $2431403.32   | 1.25%             | 2050-03-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                               | Dallas Fort Worth International Airport, Series A-1                             | CUSIP: 23503CGC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1368876.75   | 0.70%             | 2041-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Utah                                                        | County of Utah, Series C                                                        | CUSIP: 917393CY4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    250000 | PA      | $250000.00    | 0.13%             | 2058-05-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. V                      | Texas Municipal Gas Acquisition & Supply Corp. V                                | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2202806.00   | 1.13%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Board of Higher Education                                        | Utah Board of Higher Education                                                  | CUSIP: 91754RYW1<br>LEI: 549300SAYC054T80UK17 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1802583.36   | 0.93%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pennington                                                  | County of Pennington, Series A                                                  | CUSIP: 708292LS4<br>LEI: 5493002VJKRPNCQRDW60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046940.10   | 0.54%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TSY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2350333.70   | 1.21%             | 2037-03-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                            | South Dakota Housing Development Authority, Series C                            | CUSIP: 83756LCV5<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2227762.60   | 1.15%             | 2056-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Washington County Municipal Building Authority                        | Washington County Municipal Building Authority                                  | CUSIP: 938714BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509947.35    | 0.26%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                    | Greater Orlando Aviation Authority                                              | CUSIP: 392275EM1<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066826.50   | 0.55%             | 2045-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority, Series A                                 | CUSIP: 91754TKC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1656039.34   | 0.85%             | 2034-11-15      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                | Downtown Revitalization Public Infrastructure District, Series B                | CUSIP: 26118TBD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1529161.43   | 0.79%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                | Utah Transit Authority                                                          | CUSIP: 917567JR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2215073.60   | 1.14%             | 2042-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jacinto River Authority                                           | San Jacinto River Authority                                                     | CUSIP: 798055TQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001118.00   | 0.51%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazos Higher Education Authority, Inc.                               | Brazos Higher Education Authority, Inc., Series 1-A                             | CUSIP: 10623ACP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077119.90   | 0.55%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston                                                       | City of Houston, Series A                                                       | CUSIP: 442349JM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1498743.00   | 0.77%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                            | Utah Infrastructure Agency                                                      | CUSIP: 917467CZ3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    535000 | PA      | $586239.68    | 0.30%             | 2036-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                           | Miami-Dade County Housing Finance Authority, Series A                           | CUSIP: 593344BZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $753944.85    | 0.39%             | 2046-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                  | New Hope Cultural Education Facilities Finance Corp., Series A                  | CUSIP: 645424BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111411.50   | 0.57%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Water Finance Agency                                             | Utah Water Finance Agency, Series B-2                                           | CUSIP: 917572TV1<br>LEI: 5493008FZQW2WEDN4040 | Long             | STIV             | MUN               | US        |    400000 | PA      | $400000.00    | 0.21%             | 2035-10-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| West Jordan Municipal Building Authority                              | West Jordan Municipal Building Authority                                        | CUSIP: 953527CK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013798.40   | 0.52%             | 2034-10-01      | 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        |    271614 | PA      | $264685.83    | 0.14%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Alaska Railroad Corp.                                                 | Alaska Railroad Corp.                                                           | CUSIP: 01176AAD5<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113913.40   | 0.57%             | 2031-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                            | Utah Infrastructure Agency                                                      | CUSIP: 917467DB5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    750000 | PA      | $779042.93    | 0.40%             | 2044-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754T4S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $482831.24    | 0.25%             | 2040-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                            | Utah Infrastructure Agency                                                      | CUSIP: 917471BH6<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1137979.01   | 0.59%             | 2042-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TRE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3795000 | PA      | $3800301.99   | 1.95%             | 2046-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                    | Utah Housing Corp.                                                              | CUSIP: 917434DL3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2492719.75   | 1.28%             | 2045-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Water Reclamation Facility                             | Central Valley Water Reclamation Facility, Series B                             | CUSIP: 155796BU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1219079.97   | 0.63%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Utah Board of Higher Education                                        | Utah Board of Higher Education                                                  | CUSIP: 91754R2L0<br>LEI: 549300SAYC054T80UK17 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1326184.75   | 0.68%             | 2036-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                         | King County Housing Authority                                                   | CUSIP: 494759TB9<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053129.10   | 0.54%             | 2045-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                | Hillsborough County Aviation Authority, Series B                                | CUSIP: 432308W83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2141957.60   | 1.10%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Desert Public Infrastructure District                           | Black Desert Public Infrastructure District                                     | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516537.65   | 0.78%             | 2053-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754T4T7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $407101.34    | 0.21%             | 2045-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority, Series A                                 | CUSIP: 91754T2L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1287207.76   | 0.66%             | 2033-10-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                  | Tennessee Housing Development Agency, Series 2-B                                | CUSIP: 880461HJ0<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300101.40   | 0.67%             | 2038-01-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                    | Tennessee Energy Acquisition Corp., Series A-1                                  | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036482.40   | 0.53%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                    | Utah Housing Corp., Series A                                                    | CUSIP: 917437BL8<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    845000 | PA      | $907110.20    | 0.47%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TSX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $295033.84    | 0.15%             | 2027-03-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                    | Tennessee Energy Acquisition Corp., Series A                                    | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1618892.10   | 0.83%             | 2052-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                | Downtown Revitalization Public Infrastructure District, Series B                | CUSIP: 26118TBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115009.80   | 0.57%             | 2042-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City Airport                                        | City of Salt Lake City, Series A                                                | CUSIP: 795576KB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041218.40   | 1.05%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duchesne County School District                                       | Duchesne County School District                                                 | CUSIP: 26410TAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $755855.33    | 0.39%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                            | Utah Infrastructure Agency                                                      | CUSIP: 917467BV3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008786.80   | 0.52%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Valley City Municipal Building Authority                         | West Valley City Municipal Building Authority                                   | CUSIP: 95640EJE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017539.60   | 0.52%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Knoxville                                                     | City of Knoxville, Series EE                                                    | CUSIP: 499818H70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963430.00    | 0.50%             | 2029-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                    | Utah Housing Corp.                                                              | CUSIP: 917434DN9<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054771.60   | 0.54%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board           | Shelby County Health Educational & Housing Facilities Board, Series A           | CUSIP: 821697Z44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1680848.85   | 0.86%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                    | Utah Housing Corp., Series B-1, Class I                                         | CUSIP: 917436W37<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    455000 | PA      | $455362.23    | 0.23%             | 2034-07-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City                                                | City of Salt Lake City                                                          | CUSIP: 795604DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085206.70   | 0.56%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                       | Texas Department of Housing & Community Affairs, Series D-2                     | CUSIP: 882750P55<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122611.50   | 0.58%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TJY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1095596.99   | 0.56%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Railroad Corp.                                                 | Alaska Railroad Corp.                                                           | CUSIP: 01176AAN3<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100564.40   | 0.57%             | 2040-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southeast Alaska Power Agency                                         | Southeast Alaska Power Agency                                                   | CUSIP: 84131QBF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1171986.89   | 0.60%             | 2030-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mida Golf and Equestrian Center Public Infrastructure District        | Mida Golf and Equestrian Center Public Infrastructure District                  | CUSIP: 59561BAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2205000 | PA      | $1930109.49   | 0.99%             | 2041-06-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Consolidated Municipalities Electric Power Systems Joint Powers Board | Consolidated Municipalities Electric Power Systems Joint Powers Board, Series A | CUSIP: 210295DX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008562.70   | 0.52%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston                                                     | City of Galveston, Series A                                                     | CUSIP: 364568KD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1279699.68   | 0.66%             | 2042-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                            | Utah Infrastructure Agency                                                      | CUSIP: 917467BJ0<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1383420.33   | 0.71%             | 2034-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                    | Tennessee Energy Acquisition Corp., Series A                                    | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1960760.52   | 1.01%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Tooele                                                      | County of Tooele                                                                | CUSIP: 890345BP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $799869.60    | 0.41%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Herriman City                                                 | City of Herriman City, Series B                                                 | CUSIP: 427754BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1517258.56   | 0.78%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah State University                                                 | Utah State University, Series B                                                 | CUSIP: 917563UF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2055000 | PA      | $1952545.30   | 1.00%             | 2036-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                    | Utah Housing Corp., Series C                                                    | CUSIP: 917437GR0<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2019058.40   | 1.04%             | 2044-01-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                 | Utah Charter School Finance Authority                                           | CUSIP: 91754TMH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300794.56   | 0.67%             | 2035-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                      | Alaska Industrial Development & Export Authority, Series A                      | CUSIP: 011903HE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030714.80   | 0.53%             | 2040-06-01      | Fixed         | 5.00%                 | 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        |       -20 | NC      | $-32202.92    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| County of Utah                                                        | County of Utah, Series C                                                        | CUSIP: 917393BK5<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.77%             | 2051-05-15      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| Salt Lake City School District                                        | Salt Lake City School District                                                  | CUSIP: 795608SA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1450981.35   | 0.75%             | 2039-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Campbell                                                    | County of Campbell, Series A                                                    | CUSIP: 134340AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1409524.80   | 0.72%             | 2039-07-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City                                                | City of Salt Lake City, Series A                                                | CUSIP: 795576MV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2186578.60   | 1.12%             | 2041-07-01      | Fixed         | 5.25%                 | 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