# EDGAR Filing Document

**Accession Number:** 0000203142
**File Stem:** 0001752724-25-133659
**Filing Date:** 2025-6
**Character Count:** 59846
**Document Hash:** fa330bf4e31e8eca069084352cac8317
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-133659.hdr.sgml**: 20250611

**ACCESSION NUMBER**: 0001752724-25-133659

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250611

**DATE AS OF CHANGE**: 20250611

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS MUNICIPAL TRUST
- **CENTRAL INDEX KEY:** 0000203142

**ORGANIZATION NAME:**
- **EIN:** 046396607
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02671
- **FILM NUMBER:** 251039517

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 20060207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SCUDDER MUNICIPAL TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### DWS Short-Term Municipal Bond Fund (Series ID: S000031144)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000096616 | Class A             | SRMAX           |
| C000096618 | Class C             | SRMCX           |
| C000096619 | Class S             | SRMSX           |
| C000096620 | Institutional Class | MGSMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS MUNICIPAL TRUST

- **b. Investment Company Act file number:** 811-02671

- **c. CIK number of Registrant:** 0000203142

- **d. LEI of Registrant:** PXMELE24BHVOU00K5462

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS Short-Term Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000031144

- **c. LEI of Series:** HQI7L66EK0KEA7WU8D48

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

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

- **b. Date as of which information is reported:** 2025-04-30

**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:** $135200926.96

**Total Liabilities:** $5645112.61

**Net Assets:** $129555814.35

**Delayed Delivery Securities:** $5446261.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -608.05000000 | **1-Year:** -12749.11000000 | **5-Year:** -11395.92000000 | **10-Year:** -4655.71000000 | **30-Year:** -1730.25000000

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

- **3-Month:** -47.40000000 | **1-Year:** -428.02000000 | **5-Year:** -516.91000000 | **10-Year:** -11.54000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000096619 | 0.56%                | -0.17%               | -0.07%               |
| Class ID C000096618 | 0.49%                | -0.25%               | -0.14%               |
| Class ID C000096616 | 0.44%                | -0.09%               | -0.18%               |
| Class ID C000096620 | 0.46%                | -0.07%               | -0.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12095.86                | $342728.69                                 |
| Month 2  | $-49948.72               | $-423715.26                                |
| Month 3  | $-1595.40                | $-521886.15                                |

### 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 Harris TX Toll Road Revenue                                     | HARRIS CNTY TX TOLL ROAD REVENUE                                   | CUSIP: 41423PDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1564958.85   | 1.21%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                           | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE           | CUSIP: 64972GCR3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.62%             | 2049-06-15      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                       | NEW YORK NY                                                        | CUSIP: 64966SFQ4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042170.40   | 0.80%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                | Michigan Finance Authority Student Loan Asset-Backed Notes 2021-1  | CUSIP: 59447TV83<br>LEI: N/A                  | Long             |  | MUN               | US        |    288700 | PA      | $286687.23    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                    | CALIFORNIA ST MUNI FIN AUTH REVENUE                                | CUSIP: 13048VBF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504636.40    | 0.39%             | 2026-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                     | LOUISIANA ST PUBLIC FACS AUTHSOL WST DISP FAC REVENUE              | CUSIP: 54640TAK5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3009603.90   | 2.32%             | 2043-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                         | ILLINOIS ST                                                        | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044335.60   | 1.58%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                   | PORT AUTH OF NEW YORK & NEW JERSEY NY                              | CUSIP: 73358XJU7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020486.50   | 0.79%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of Matanuska-Susitna AK                                           | MATANUSKA-SUSITNA BORO AK LEASE REVENUE                            | CUSIP: 576553CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2192416.20   | 1.69%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                         | DALLAS TX                                                          | CUSIP: 235219XE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2585171.75   | 2.00%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                       | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250503.15    | 0.19%             | 2048-10-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 57421CHV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083017.20   | 0.84%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                         | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN        | CUSIP: 88256HBE7<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518949.50    | 0.40%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                        | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT               | CUSIP: 65000B6P8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032671.60   | 0.80%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Higher Education Loan Authority                                  | Missouri Higher Education Loan Authority                           | CUSIP: 606072LC8<br>LEI: 549300MTJ0T46T0MPL41 | Long             |  | MUN               | US        |    915837 | PA      | $845934.93    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                     | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE                | CUSIP: 658207TZ8<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    150000 | PA      | $149890.88    | 0.12%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                     | MIAMI-DADE CNTY FL SCH BRD COPS                                    | CUSIP: 59333MW92<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1311405.13   | 1.01%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                          | ENERGY N W WA ELEC REVENUE                                         | CUSIP: 29270C6C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521528.80    | 0.40%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                     | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                   | CUSIP: 20775CQB3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    145000 | PA      | $144864.57    | 0.11%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                 | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                        | CUSIP: 121342PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $744282.38    | 0.57%             | 2045-11-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                  | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2885000 | PA      | $2875228.51   | 2.22%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516001.50    | 0.40%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                  | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080XA4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008158.70   | 0.78%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Hotel Occupancy Tax & Special Revenue                  | HOUSTON TX HOTEL OCCUPANCY TAX & SPL REVENUE                       | CUSIP: 44237NKT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1779445.67   | 1.37%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Higher Education Student Loan Corp                               | Kentucky Higher Education Student Loan Corp                        | CUSIP: 49130NFB0<br>LEI: N/A                  | Long             |  | MUN               | US        |    491589 | PA      | $466397.23    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                  | ARIZONA INDL DEV AUTH HOSP REVENUE                                 | CUSIP: 04052EAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206428.46    | 0.16%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                               | MIAMI-DADE CNTY FL HSG FIN AUTH MF HSG REVENUE                     | CUSIP: 593344CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250739.95    | 0.19%             | 2029-03-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                             | N TX TOLLWAY AUTH REVENUE                                          | CUSIP: 66285WM60<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025146.60   | 1.56%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                       | LOUISVILLE & JEFFERSON CNTY KY MET GOVT POLL CONTROL REVENUE       | CUSIP: 546749AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2785639.80   | 2.15%             | 2027-11-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                        | DALLAS TX INDEP SCH DIST                                           | CUSIP: 235308Q63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058267.90   | 0.82%             | 2055-02-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                  | MASSACHUSETTS ST DEV FIN AGY REVENUE                               | CUSIP: 57585BDA3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999454.00    | 0.77%             | 2029-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue                | GREAT LAKES MI WTR AUTH SEWAGE DISPOSAL SYS REVENUE                | CUSIP: 39081HFK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2332955.03   | 1.80%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                | MICHIGAN ST FIN AUTH REVENUE                                       | CUSIP: 59447TU68<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1156764.75   | 0.89%             | 2038-10-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                      | JEFFERSON CNTY AL SWR REVENUE WARRANTS                             | CUSIP: 472682YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1536355.65   | 1.19%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                     | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                      | CUSIP: 140427BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507818.05    | 0.39%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                        | SEATTLE WA MUNI LIGHT & PWR REVENUE                                | CUSIP: 812643WU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $350663.99    | 0.27%             | 2045-05-01      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Gas Agency                                            | MINNESOTA MUNI GAS AGY COMMODITY SPLY REVENUE                      | CUSIP: 60406UAM9<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499322.60   | 1.16%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                               | DIST OF COLUMBIA HSG FIN AGY MF HSG REVENUE                        | CUSIP: 25477PPY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006918.80   | 0.78%             | 2027-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Luzerne PA                                                      | LUZERNE CNTY PA                                                    | CUSIP: 550697VZ6<br>LEI: 5493001Z1Y4QDISEER29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030202.60   | 0.80%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                     | FORT BEND TX INDEP SCH DIST                                        | CUSIP: 346843RY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $377094.06    | 0.29%             | 2050-08-01      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301084.59    | 0.23%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lowndes MS                                                      | LOWNDES CNTY MS SOL WST DISP & POLL CONTROL REVENUE                | CUSIP: 54877EAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489562.75    | 0.38%             | 2037-04-01      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                | MICHIGAN ST FIN AUTH REVENUE                                       | CUSIP: 59447T3W1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1743523.25   | 1.35%             | 2047-04-15      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Klickitat County Public Utility District No 1                             | KLICKITAT CNTY WA PUBLIC UTILITY DIST #1                           | CUSIP: 498622LE7<br>LEI: 549300D4CB0RTDWA5V46 | Long             | DBT              | MUN               | US        |    785000 | PA      | $806325.39    | 0.62%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                    | CALIFORNIA ST MUNI FIN AUTH SOL WST DISP REVENUE                   | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    320000 | PA      | $320138.78    | 0.25%             | 2041-10-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                    | COLORADO ST HSG & FIN AUTH                                         | CUSIP: 19648GPB2<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1823076.74   | 1.41%             | 2027-10-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                         | VENICE FL                                                          | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $892099.08    | 0.69%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                        | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT               | CUSIP: 65000B5X2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $531100.00    | 0.41%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares        | BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares | CUSIP: 09248U841<br>LEI: 549300RWBJ885673DL84 | Long             | STIV             | RF                | US        |     57907 | NS      | $57913.12     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Main Street Natural Gas Inc                                               | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                  | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000685.20   | 1.54%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                 | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE            | CUSIP: 64578JBA3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    195000 | PA      | $185195.05    | 0.14%             | 2029-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                               | OKLAHOMA ST TURNPIKE AUTH                                          | CUSIP: 679111F33<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    400000 | PA      | $431925.68    | 0.33%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                     | NEW MEXICO ST MTGE FIN AUTH                                        | CUSIP: 6472007V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $285329.63    | 0.22%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                     | FORT BEND TX INDEP SCH DIST                                        | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2529717.75   | 1.95%             | 2054-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                        | UNIV OF TEXAS TX UNIV REVENUES                                     | CUSIP: 91514AMU6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1860357.80   | 1.44%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                     | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE                    | CUSIP: 70870JGY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1602078.15   | 1.24%             | 2060-03-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522208.55    | 0.40%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh & Allegheny County            | PITTSBURGH & ALLEGHENY CNTY PA SPORTS & EXHIBITION AUTH HOTE       | CUSIP: 724791CF3<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |    875000 | PA      | $927121.91    | 0.72%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                        | WISCONSIN ST                                                       | CUSIP: 97705MM51<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2081099.80   | 1.61%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                    | CALIFORNIA ST MUNI FIN AUTH REVENUE                                | CUSIP: 13048VBE7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005451.30   | 0.78%             | 2025-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority No 2                                    | DOUGLAS CNTY NE HOSP AUTH #2                                       | CUSIP: 259230KT6<br>LEI: ZI8Q1A8EI8LQFJNM0D94 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.23%             | 2032-08-15      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                               | VIRGINIA ST SMALL BUSINESS FING AUTH RSDL FAC CARE REVENUE         | CUSIP: 928103BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1486785.00   | 1.15%             | 2030-12-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act               | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                      | CUSIP: 64461XJX4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    405000 | PA      | $404433.61    | 0.31%             | 2040-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                        | SOUTH CAROLINA JOBS-ECON DEV AUTH ENVRNMNTL IMPT REVENUE           | CUSIP: 83703DAA5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    850000 | PA      | $851739.19    | 0.66%             | 2033-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                       | GEISINGER PA AUTH HLTH SYS REVENUE                                 | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019811.60   | 0.79%             | 2043-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                  | PUBLIC FIN AUTH WI TAX EXEMPT POOLED SECURITIES                    | CUSIP: 74448HAA5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1624796 | PA      | $1597722.35   | 1.23%             | 2059-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                      | MIAMI-DADE CNTY FL WTR & SWR REVENUE                               | CUSIP: 59334DNY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523746.75    | 0.40%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                 | HOUSTON TX ARPT SYS REVENUE                                        | CUSIP: 442349AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017868.20   | 0.79%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coconino County Pollution Control Corp                                    | COCONINO CNTY AZ POLL CONTROLCORP                                  | CUSIP: 191855BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249611.85    | 0.19%             | 2032-09-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                 | HOUSTON TX ARPT SYS REVENUE                                        | CUSIP: 442349GB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $881451.69    | 0.68%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                        | DALLAS TX INDEP SCH DIST                                           | CUSIP: 235308R54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083552.40   | 0.84%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Boone KY                                                        | BOONE CNTY KY POLL CONTROL REVENUE                                 | CUSIP: 098792AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $748971.53    | 0.58%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                      | CHICAGO IL MIDWAY ARPT REVENUE                                     | CUSIP: 167562SK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506087.65    | 0.39%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                     | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV        | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998505.20   | 1.54%             | 2046-10-01      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 57421CAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019228.00   | 0.79%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                 | SALT LAKE CITY UT ARPT REVENUE                                     | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508187.25    | 0.39%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                       | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE       | CUSIP: 64542UHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989523.70    | 0.76%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                   | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                           | CUSIP: 544532NM2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1522658.52   | 1.18%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                  | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE         | CUSIP: 646080WR8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    575000 | PA      | $579691.25    | 0.45%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                       | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 7087964R5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1033628.83   | 0.80%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                 | INDIANA ST FIN AUTH REVENUE                                        | CUSIP: 45506EDH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    640000 | PA      | $633565.95    | 0.49%             | 2039-03-01      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| Oklahoma Industries Authority                                             | OKLAHOMA ST INDUSTRIES AUTH EDL FACS LEASE REVENUE                 | CUSIP: 67910FAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2648066.50   | 2.04%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                               | CALIFORNIA ST UNIV REVENUE                                         | CUSIP: 13077DSZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996681.90    | 0.77%             | 2051-11-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                     | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                   | CUSIP: 20775CTX2<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    180000 | PA      | $179824.27    | 0.14%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority/The                                   | CAMDEN CNTY NJ IMPT AUTH MF REVENUE                                | CUSIP: 13281RAF0<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012457.80   | 0.78%             | 2027-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE            | CUSIP: 97689QDD5<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    150000 | PA      | $149212.08    | 0.12%             | 2046-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Dauphin County General Authority                                          | DAUPHIN CNTY PA GEN AUTH HLTHSYS REVENUE                           | CUSIP: 23825EDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $660051.47    | 0.51%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                         | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                    | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1402463.65   | 1.08%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                    | CALIFORNIA ST MUNI FIN AUTH REVENUE                                | CUSIP: 13048VL71<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    590000 | PA      | $593960.91    | 0.46%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                     | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE               | CUSIP: 13034AD23<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1069291.74   | 0.83%             | 2055-08-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Halifax County Industrial Development Authority                           | HALIFAX CNTY VA INDL DEV AUTH REVENUE                              | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3151007.19   | 2.43%             | 2041-12-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                       | NORTH DAKOTA ST HSG FIN AGY                                        | CUSIP: 658909MA1<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    260000 | PA      | $259656.38    | 0.20%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                         | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE                    | CUSIP: 13034DAC8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    300000 | PA      | $305469.27    | 0.24%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                 | HOUSTON TX ARPT SYS REVENUE                                        | CUSIP: 442349CB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2544670.50   | 1.96%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Jose CA                                                       | SAN JOSE CA MF HSG REVENUE                                         | CUSIP: 798165LF1<br>LEI: 549300QHIHSH68W22O38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014717.50   | 0.78%             | 2027-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                              | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                               | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493329.30    | 0.38%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                       | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                        | CUSIP: 7087962J5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |     85000 | PA      | $84708.88     | 0.07%             | 2041-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                | SOUTH DAKOTA ST HSG DEV AUTH                                       | CUSIP: 83756CQM0<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    325000 | PA      | $324627.71    | 0.25%             | 2047-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                         | UTAH HSG CORP SF MTGE REVENUE                                      | CUSIP: 917437TB1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1125319.80   | 0.87%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                           | ALASKA ST                                                          | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043241.80   | 0.81%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                  | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                            | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $558117.34    | 0.43%             | 2045-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority               | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                    | CUSIP: 20775DXK3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994108.90    | 0.77%             | 2049-07-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                             | MASSACHUSETTS ST EDUCTNL FING AUTH                                 | CUSIP: 57563RRP6<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |     80000 | PA      | $79730.26     | 0.06%             | 2036-07-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                         | DENVER CITY & CNTY CO ARPT REVENUE                                 | CUSIP: 249182KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044689.40   | 1.58%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                               | GEO L SMITH II GA CONGRESS CTR AUTH                                | CUSIP: 37255MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $681836.33    | 0.53%             | 2031-01-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                   | CLEAR CREEK TX INDEP SCH DIST                                      | CUSIP: 184541CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999826.50    | 0.77%             | 2035-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                 | MICHIGAN ST HOSP FIN AUTH                                          | CUSIP: 59465HXE1<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066993.90   | 0.82%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                              | MICHIGAN ST HSG DEV AUTH MF REVENUE                                | CUSIP: 594650UC5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1158638.23   | 0.89%             | 2042-12-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                | TROY NY CAPITAL RESOURCE CORP REVENUE                              | CUSIP: 897579BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010152.90   | 0.78%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                          | FLORIDA ST DEV FIN CORP                                            | CUSIP: 340618DK0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519040.60    | 0.40%             | 2032-07-15      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                  | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                     | CUSIP: 650116CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010843.20   | 1.55%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                | ILLINOIS ST FIN AUTH REVENUE                                       | CUSIP: 45204FG90<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    640000 | PA      | $688730.62    | 0.53%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority               | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                    | CUSIP: 20775DUX8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493055.00   | 1.15%             | 2048-07-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                    | CALIFORNIA ST MUNI FIN AUTH REVENUE                                | CUSIP: 13048V2W7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007408.60   | 1.55%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                | MICHIGAN ST FIN AUTH REVENUE                                       | CUSIP: 59447TQE6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056830.40   | 1.59%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                    | GEORGIA ST ROAD & TOLLWAY AUTH FEDERAL HIGHWAY REIMBURSEMENT       | CUSIP: 373376DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1257856.55   | 0.97%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                          | SAINT JOHN THE BAPTIST PARISH LA REVENUE                           | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004530.40   | 1.55%             | 2037-06-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                        | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT               | CUSIP: 65000BW61<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $786335.93    | 0.61%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Oyster Bay NY                                                     | OYSTER BAY NY                                                      | CUSIP: 692160RT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $324293.85    | 0.25%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                 | NEW JERSEY ST ECON DEV AUTH REV                                    | CUSIP: 64577XET9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529974.80   | 1.18%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                          | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV          | CUSIP: 20282EAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026667.60   | 1.56%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                     | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    665000 | PA      | $664752.02    | 0.51%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sewer System Revenue                                | HAMILTON CNTY OH SWR SYS REVENUE                                   | CUSIP: 407288H44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1182153.04   | 0.91%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                               | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                       | CUSIP: 928104NF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994575.40    | 0.77%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plaza at Noah's Ark Community Improvement District                        | PLAZA AT NOAHS ARK CMNTY IMPT DIST MO TAX INCR & IMPT              | CUSIP: 72813LAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225000.00    | 0.17%             | 2025-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                          | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                        | CUSIP: 56678PBT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1199093.16   | 0.93%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-14

**Name of Applicant:** DEUTSCHE DWS MUNICIPAL TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer