# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-26-001235
**Filing Date:** 2026-1
**Character Count:** 102629
**Document Hash:** 80cd7c21b6bfe321b19c79744bc5b647
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-001235.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0002071691-26-001235

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000757010

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 26562804

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

## Series and Classes Contracts Data

### FRANKLIN PENNSYLVANIA TAX-FREE INCOME FUND (Series ID: S000006927)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018791 | CLASS A1      | FRPAX           |
| C000018793 | CLASS C       | FRPTX           |
| C000079641 | ADVISOR CLASS | FPFZX           |
| C000194368 | Class R6      | FRPRX           |
| C000205906 | Class A       | FPAQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Tax Free Trust

- **b. Investment Company Act file number:** 811-04149

- **c. CIK number of Registrant:** 0000757010

- **d. LEI of Registrant:** 549300C12HCE48FV1C70

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin Pennsylvania Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006927

- **c. LEI of Series:** 549300R0TTPG7IDXZS18

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

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

- **b. Date as of which information is reported:** 2025-11-30

**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:** $680118777.87

**Total Liabilities:** $2246265.03

**Net Assets:** $677872512.84

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.55000000 | **1-Year:** -886.48000000 | **5-Year:** -8243.60000000 | **10-Year:** -177509.39000000 | **30-Year:** -291029.37000000

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

- **3-Month:** -0.91000000 | **1-Year:** -1331.48000000 | **5-Year:** -729.81000000 | **10-Year:** -17317.66000000 | **30-Year:** -20559.06000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018791 | 3.24%                | 1.58%                | 0.38%                |
| Class ID C000018793 | 3.27%                | 1.51%                | 0.22%                |
| Class ID C000079641 | 3.24%                | 1.59%                | 0.38%                |
| Class ID C000194368 | 3.25%                | 1.71%                | 0.28%                |
| Class ID C000205906 | 3.23%                | 1.68%                | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-255439.21              | $19884527.32                               |
| Month 2  | $-17947.07               | $8588575.13                                |
| Month 3  | $0.00                    | $247524.78                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adams County General Authority                                               | Adams County General Authority, Series 2024 A                                   | CUSIP: 006114AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2966638.31   | 0.44%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams County General Authority                                               | Adams County General Authority, Series 2024 A                                   | CUSIP: 006114AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1421278.51   | 0.21%             | 2059-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                           | Allegheny County Airport Authority, Series 2021 A                               | CUSIP: 01728LEW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4345000 | PA      | $4690181.57   | 0.69%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                           | Allegheny County Airport Authority, Series 2021 A                               | CUSIP: 01728LEY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8155000 | PA      | $8745174.90   | 1.29%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                           | Allegheny County Airport Authority, Series 2021 A                               | CUSIP: 01728LFK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3507754.95   | 0.52%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                           | Allegheny County Airport Authority, Series 2023 A                               | CUSIP: 01728LHE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5229577.00   | 0.77%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                           | Allegheny County Airport Authority, Series 2025 A                               | CUSIP: 01728LKY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4240523.60   | 0.63%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                         | Allegheny County Higher Education Building Authority, Series 2008 A             | CUSIP: 01728RES4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.22%             | 2037-12-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                         | Allegheny County Higher Education Building Authority, Series 2017               | CUSIP: 01728RMS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041659.70   | 0.15%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                         | Allegheny County Higher Education Building Authority, Series 2017               | CUSIP: 01728RMT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1354157.61   | 0.20%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                         | Allegheny County Higher Education Building Authority, Series 2021 A             | CUSIP: 01728RNW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2081263.42   | 0.31%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                         | Allegheny County Higher Education Building Authority, Series 2021 A             | CUSIP: 01728RNX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5822685.60   | 0.86%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                         | Allegheny County Higher Education Building Authority, Series 2022               | CUSIP: 01728RPV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $715579.69    | 0.11%             | 2033-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                         | Allegheny County Higher Education Building Authority, Series 2022               | CUSIP: 01728RPW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1110174.81   | 0.16%             | 2034-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Allegheny PA                                                       | County of Allegheny, Series C-77                                                | CUSIP: 01728VUF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5188739.76   | 0.77%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allegheny PA                                                       | County of Allegheny, Series C-80                                                | CUSIP: 01728VWU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3111239.40   | 0.46%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Commercial and Industrial Development Authority                    | Allentown Commercial and Industrial Development Authority, Series 2023          | CUSIP: 01843AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $628810.44    | 0.09%             | 2038-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Allentown Commercial and Industrial Development Authority                    | Allentown Commercial and Industrial Development Authority, Series 2023          | CUSIP: 01843AAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $619052.22    | 0.09%             | 2043-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Allentown Commercial and Industrial Development Authority                    | Allentown Commercial and Industrial Development Authority, Series 2024          | CUSIP: 01843AAM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1907641.40   | 0.28%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                | Allentown Neighborhood Improvement Zone Development Authority, Series 2022      | CUSIP: 018444BU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1695629.05   | 0.25%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                | Allentown Neighborhood Improvement Zone Development Authority, Series 2022      | CUSIP: 018444BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1948694.94   | 0.29%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                | Allentown Neighborhood Improvement Zone Development Authority, Series 2022      | CUSIP: 018444BW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1671478.46   | 0.25%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                | Allentown Neighborhood Improvement Zone Development Authority, Series 2022      | CUSIP: 018444BX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1502308.08   | 0.22%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                | Allentown Neighborhood Improvement Zone Development Authority, Series 2022      | CUSIP: 018444BZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8875000 | PA      | $9178008.48   | 1.35%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks County Industrial Development Authority                                | Berks County Industrial Development Authority, Series 2017 A                    | CUSIP: 08452RAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002623.70   | 0.15%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks County Industrial Development Authority                                | Berks County Industrial Development Authority, Series 2017 A                    | CUSIP: 08452RAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $585673.20    | 0.09%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks County Industrial Development Authority                                | Berks County Industrial Development Authority, Series 2017 C                    | CUSIP: 08452RAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1258759.99   | 0.19%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bethlehem Redevelopment Authority                                            | Bethlehem Redevelopment Authority, Series 2024                                  | CUSIP: 087470BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $758976.90    | 0.11%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bethlehem Redevelopment Authority                                            | Bethlehem Redevelopment Authority, Series 2024                                  | CUSIP: 087470BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1071888.62   | 0.16%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                | Bucks County Industrial Development Authority, Series 2022 B                    | CUSIP: 118618AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004011.80   | 0.15%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                | Bucks County Industrial Development Authority, Series 2022 B                    | CUSIP: 118618AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2207653.00   | 0.33%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol Township School District                                             | Bristol Township School District, Series 2021 C                                 | CUSIP: 110290PX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1170582.88   | 0.17%             | 2037-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                | Bucks County Industrial Development Authority, Series 2022 B                    | CUSIP: 118618AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1014918.55   | 0.15%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                | Bucks County Industrial Development Authority, Series 2019                      | CUSIP: 11861MAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1392591.15   | 0.21%             | 2044-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                | Bucks County Industrial Development Authority, Series 2021                      | CUSIP: 11861MAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $8422767.60   | 1.24%             | 2053-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Butler County Hospital Authority                                             | Butler County Hospital Authority, Series 2015 A                                 | CUSIP: 123592DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1884976.06   | 0.28%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                   | Capital Trust Agency, Inc., Series 2021 A-1                                     | CUSIP: 14052TDU5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   5688000 | PA      | $5064847.18   | 0.75%             | 2036-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                   | Capital Trust Agency, Inc., Series 2021 A-1                                     | CUSIP: 14052TDY7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $675983.60    | 0.10%             | 2057-01-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                      | Capital Trust Authority, Series 2024                                            | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $5662543.86   | 0.84%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Central Bradford Progress Authority                                          | Central Bradford Progress Authority, Series 2021 B                              | CUSIP: 152691AV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4396420.50   | 0.65%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Centre County Hospital Authority                                             | Centre County Hospital Authority, Series 2018 A                                 | CUSIP: 156273HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1234679.96   | 0.18%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centre County Hospital Authority                                             | Centre County Hospital Authority, Series 2018 A                                 | CUSIP: 156273HE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1699488.22   | 0.25%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cheltenham Township Industrial Development Authority                         | Cheltenham Township Industrial Development Authority, Series 2024               | CUSIP: 163492AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2156857.88   | 0.32%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cheltenham Township Industrial Development Authority                         | Cheltenham Township Industrial Development Authority, Series 2024               | CUSIP: 163492AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984907.70    | 0.15%             | 2054-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chester County Health and Education Facilities Authority                     | Chester County Health and Education Facilities Authority, Series 2025           | CUSIP: 165579HT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1815508.98   | 0.27%             | 2055-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                              | Chester County Industrial Development Authority, Series 2013 A                  | CUSIP: 16559PAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500023.10    | 0.07%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                              | Chester County Industrial Development Authority, Series 2013 A                  | CUSIP: 16559PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1385806.80   | 0.20%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colonial School District                                                     | Colonial School District, Series 2021 A                                         | CUSIP: 195864VP5<br>LEI: 549300JW2ZL0JCXB3113 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1465461.03   | 0.22%             | 2040-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                      | Montgomery County Higher Education and Health Authority, Series 2022 UU-2       | CUSIP: 613603J67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2801212.95   | 0.41%             | 2037-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dallas Area Municipal Authority                                              | Dallas Area Municipal Authority, Series 2014                                    | CUSIP: 235171AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2498065.50   | 0.37%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware County Authority                                                    | Delaware County Authority, Series 2017                                          | CUSIP: 245913MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1073643.86   | 0.16%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware County Authority                                                    | Delaware County Authority, Series 2017                                          | CUSIP: 245913NA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1633199.44   | 0.24%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Delaware PA                                                        | County of Delaware, Series 2025                                                 | CUSIP: 246001D40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055331.90   | 0.16%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware County Authority                                                    | Delaware County Authority, Series 2017 A                                        | CUSIP: 246003NJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5865000 | PA      | $5914378.61   | 0.87%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                    | DuBois Hospital Authority, Series 2018                                          | CUSIP: 263804BM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3255003.57   | 0.48%             | 2043-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                    | DuBois Hospital Authority, Series 2020                                          | CUSIP: 263804CJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2613707.60   | 0.39%             | 2050-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                    | DuBois Hospital Authority, Series 2021                                          | CUSIP: 263804DB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $850857.80    | 0.13%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                    | DuBois Hospital Authority, Series 2021                                          | CUSIP: 263804DD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2917304.80   | 0.43%             | 2051-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Erie County Industrial Development Authority                                 | Erie County Industrial Development Authority, Series 2024 A                     | CUSIP: 295207AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4926824.00   | 0.73%             | 2061-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| City of Erie Higher Education Building Authority                             | City of Erie Higher Education Building Authority, Series 2021 TT-1              | CUSIP: 295435CR0<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    400000 | PA      | $383679.96    | 0.06%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Erie Higher Education Building Authority                             | City of Erie Higher Education Building Authority, Series 2021 TT-1              | CUSIP: 295435CS8<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $876068.70    | 0.13%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Erie Higher Education Building Authority                             | City of Erie Higher Education Building Authority, Series 2021 TT-1              | CUSIP: 295435CT6<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2285486.44   | 0.34%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Erie Higher Education Building Authority                             | City of Erie Higher Education Building Authority, Series 2025 XX-1              | CUSIP: 295435DX6<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    375000 | PA      | $399475.13    | 0.06%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Erie Higher Education Building Authority                             | City of Erie Higher Education Building Authority, Series 2025 XX-1              | CUSIP: 295435DY4<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    635000 | PA      | $663224.16    | 0.10%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Erie Higher Education Building Authority                             | City of Erie Higher Education Building Authority, Series 2025 XX-1              | CUSIP: 295435DZ1<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    775000 | PA      | $739745.48    | 0.11%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Erie City Water Authority                                                    | Erie City Water Authority, Series 2016                                          | CUSIP: 295542MW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6136973.40   | 0.91%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairview School District                                                     | Fairview School District, Series 2021                                           | CUSIP: 305879HZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1110185.23   | 0.16%             | 2037-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fairview School District                                                     | Fairview School District, Series 2021                                           | CUSIP: 305879JA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $907171.80    | 0.13%             | 2038-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fairview School District                                                     | Fairview School District, Series 2021                                           | CUSIP: 305879JB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $906241.40    | 0.13%             | 2039-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                          | Geisinger Authority, Series 2017 A-2                                            | CUSIP: 368497JM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13155000 | PA      | $13354906.01  | 1.97%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Governor Mifflin School District                                             | Governor Mifflin School District, Series 2021                                   | CUSIP: 383770KQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $599856.56    | 0.09%             | 2036-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Governor Mifflin School District                                             | Governor Mifflin School District, Series 2021                                   | CUSIP: 383770KR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947464.80    | 0.14%             | 2037-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Governor Mifflin School District                                             | Governor Mifflin School District, Series 2021                                   | CUSIP: 383770KS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932402.00    | 0.14%             | 2038-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Governor Mifflin School District                                             | Governor Mifflin School District, Series 2021                                   | CUSIP: 383770KT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $932040.19    | 0.14%             | 2039-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Haven at Elgin LLC                                                           | Haven at Elgin LLC                                                              | CUSIP: 41935HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2111931.76   | 0.31%             | 2053-12-31      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Huntingdon County General Authority                                          | Huntingdon County General Authority, Series 2021 TT-3                           | CUSIP: 44586SBS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2357256.64   | 0.35%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson PA                                                       | County of Jefferson, Series 2021                                                | CUSIP: 473450FQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $728775.74    | 0.11%             | 2037-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson PA                                                       | County of Jefferson, Series 2021                                                | CUSIP: 473450FR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $480927.30    | 0.07%             | 2039-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority                                          | Lancaster County Hospital Authority, Series 2016 B                              | CUSIP: 514045M75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4180737.87   | 0.62%             | 2046-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                       | Lancaster County Hospital Authority, Series 2025 A                              | CUSIP: 514045Z22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1415424.02   | 0.21%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Higher Education Authority                                         | Lancaster Higher Education Authority, Series 2022 A                             | CUSIP: 514273AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4751921.50   | 0.70%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Higher Education Authority                                         | Lancaster Higher Education Authority, Series 2022 A                             | CUSIP: 514273AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4638019.00   | 0.68%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                                   | Lancaster Industrial Development Authority, Series 2019                         | CUSIP: 514349CW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1837291.43   | 0.27%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                                   | Lancaster Industrial Development Authority, Series 2019                         | CUSIP: 514349CY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2241757.10   | 0.33%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                                   | Lancaster Industrial Development Authority, Series 2021                         | CUSIP: 51434NAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2780000 | PA      | $2279893.01   | 0.34%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                                   | Lancaster Industrial Development Authority, Series 2021                         | CUSIP: 51434NAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $414923.29    | 0.06%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                | Lancaster Municipal Authority, Series 2024 A                                    | CUSIP: 514350AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1212090.96   | 0.18%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                | Lancaster Municipal Authority, Series 2024 B                                    | CUSIP: 514350AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $514958.97    | 0.08%             | 2059-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                | Lancaster Municipal Authority, Series 2025 A                                    | CUSIP: 514350AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1216076.50   | 0.18%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster School District                                                    | Lancaster School District, Series 2025 B                                        | CUSIP: 514383YF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2147904.00   | 0.32%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster School District                                                    | Lancaster School District, Series 2025 B                                        | CUSIP: 514383YG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2130960.00   | 0.31%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Latrobe Industrial Development Authority                                     | Latrobe Industrial Development Authority, Series 2021                           | CUSIP: 518324AU2<br>LEI: 5493008FA05J2R0XCZ14 | Long             | DBT              | MUN               | US        |    750000 | PA      | $612864.90    | 0.09%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Latrobe Industrial Development Authority                                     | Latrobe Industrial Development Authority, Series 2021                           | CUSIP: 518324AV0<br>LEI: 5493008FA05J2R0XCZ14 | Long             | DBT              | MUN               | US        |    800000 | PA      | $632674.64    | 0.09%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County Authority                                                      | Lehigh County Authority, Series 2024                                            | CUSIP: 524803CD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6253503.75   | 0.92%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                      | Lehigh County General Purpose Authority, Series 2022                            | CUSIP: 52480EAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14390000 | PA      | $12900565.93  | 1.90%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                      | Lehigh County General Purpose Authority, Series 2022                            | CUSIP: 52480EAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4055867.50   | 0.60%             | 2057-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                      | Lehigh County General Purpose Authority, Series 2021 A                          | CUSIP: 52480RFT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4345000 | PA      | $3887515.38   | 0.57%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                      | Lehigh County General Purpose Authority, Series 2024                            | CUSIP: 52480RGN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1608315.68   | 0.24%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lycoming County Authority                                                    | Lycoming County Authority, Series 2013 MM-1                                     | CUSIP: 550809AF4<br>LEI: 549300TCAO8EBJY0O782 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1402693.04   | 0.21%             | 2038-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lycoming County Authority                                                    | Lycoming County Authority, Series 2013 MM-1                                     | CUSIP: 550809AG2<br>LEI: 549300TCAO8EBJY0O782 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1497935.28   | 0.22%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                        | Metropolitan Transportation Authority, Series 2021 A-1                          | CUSIP: 59261AK22<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6213029.26   | 0.92%             | 2044-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                        | Metropolitan Transportation Authority, Series 2021 A-1                          | CUSIP: 59261AK48<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   6050000 | PA      | $5525090.51   | 0.82%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                      | Montgomery County Higher Education and Health Authority, Series 2022 B          | CUSIP: 613603G52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3538132.40   | 0.52%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                      | Montgomery County Higher Education and Health Authority, Series 2022 B          | CUSIP: 613603G94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5035463.00   | 0.74%             | 2057-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                      | Montgomery County Higher Education and Health Authority, Series 2022 UU-2       | CUSIP: 613603J75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3705169.64   | 0.55%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                      | Montgomery County Higher Education and Health Authority, Series 2018 A          | CUSIP: 613603YW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3544599.96   | 0.52%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                      | Montgomery County Higher Education and Health Authority, Series 2018 A          | CUSIP: 613603YY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8250000 | PA      | $8360512.05   | 1.23%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority                           | Montgomery County Industrial Development Authority, Series 2018 A               | CUSIP: 613609F84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2530959.00   | 0.37%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority                           | Montgomery County Industrial Development Authority, Series 2019                 | CUSIP: 613609K62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1976408.00   | 0.29%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority                           | Montgomery County Industrial Development Authority, Series 2021 A               | CUSIP: 613609L46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2071773.66   | 0.31%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                        | Montgomery County Industrial Development Authority, Series 2023 VV-1            | CUSIP: 613609M86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051544.40   | 0.30%             | 2048-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority                           | Montgomery County Industrial Development Authority, Series 2020 C               | CUSIP: 61360PCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $541340.58    | 0.08%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority                           | Montgomery County Industrial Development Authority, Series 2020 C               | CUSIP: 61360PCM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1987375.65   | 0.29%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                        | Montgomery County Industrial Development Authority, Series 2023 A               | CUSIP: 61360PCX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3018294.30   | 0.45%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                        | Montgomery County Industrial Development Authority, Series 2025 A               | CUSIP: 61360PCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9525000 | PA      | $9413556.55   | 1.39%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Muhlenberg School District                                                   | Muhlenberg School District, Series 2024                                         | CUSIP: 624805RS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2065211.40   | 0.30%             | 2054-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Kensington Municipal Sanitary Authority                                  | New Kensington Municipal Sanitary Authority, Series 2021 A                      | CUSIP: 646309KW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $467481.70    | 0.07%             | 2038-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Northampton County General Purpose Authority                                 | Northampton County General Purpose Authority, Series 2018 A                     | CUSIP: 66353RCG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2519109.00   | 0.37%             | 2048-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton County General Purpose Authority                                 | Northampton County General Purpose Authority, Series 2024 A-1                   | CUSIP: 66353RDG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5294593.00   | 0.78%             | 2053-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Township of Northampton PA                                                   | Township of Northampton, Series 2021                                            | CUSIP: 663730LL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1520511.13   | 0.22%             | 2039-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Pennsylvania Hospital and Education Authority                   | Northeastern Pennsylvania Hospital and Education Authority, Series 2019         | CUSIP: 664551CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959650.40    | 0.14%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeastern School District                                                 | Northeastern School District, Series 2021 A                                     | CUSIP: 664714HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $779291.14    | 0.11%             | 2038-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Northeastern School District                                                 | Northeastern School District, Series 2021 A                                     | CUSIP: 664714HG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $668521.20    | 0.10%             | 2041-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Northern Lebanon School District                                             | Northern Lebanon School District, Series 2021                                   | CUSIP: 665337NN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1798854.90   | 0.27%             | 2036-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                                  | Pecan Public Facility Corp., Series 2022 A-2                                    | CUSIP: 705125AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $2498039.61   | 0.37%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2022              | CUSIP: 70868YAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2096019.40   | 0.31%             | 2043-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2022              | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8645889.75   | 1.28%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2023 B-1          | CUSIP: 70869PPB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011469.80   | 0.30%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2023 B-2          | CUSIP: 70869PPF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2365000 | PA      | $2418205.88   | 0.36%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2024              | CUSIP: 70869PQC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4562485.50   | 0.67%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority Parking System Revenue | Pennsylvania Economic Development Financing Authority, Series 2024 A            | CUSIP: 70870EER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1022684.36   | 0.15%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2020              | CUSIP: 70870FAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508797.10    | 0.08%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2020              | CUSIP: 70870FAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1342547.05   | 0.20%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2017 A            | CUSIP: 70870JAZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4694723.00   | 0.69%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2020 A            | CUSIP: 70870JCJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4584898.00   | 0.68%             | 2045-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2021 A            | CUSIP: 70870JDE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1303755.88   | 0.19%             | 2039-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2021 A            | CUSIP: 70870JDF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1175633.40   | 0.17%             | 2040-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2021 A            | CUSIP: 70870JDG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1246245.78   | 0.18%             | 2041-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2025 B            | CUSIP: 70870JHT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1964853.37   | 0.29%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | Pennsylvania Economic Development Financing Authority, Series 2025 B            | CUSIP: 70870JHW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3106739.10   | 0.46%             | 2050-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                          | Pennsylvania Housing Finance Agency, Series 2019-129                            | CUSIP: 70879QDW0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5018096.40   | 0.74%             | 2049-10-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                          | Pennsylvania Housing Finance Agency, Series 2020-132 A                          | CUSIP: 70879QHX4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |  11280000 | PA      | $9163996.08   | 1.35%             | 2041-10-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                          | Pennsylvania Housing Finance Agency, Series 2025-150A                           | CUSIP: 70879QZ30<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6252007.80   | 0.92%             | 2040-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | Pennsylvania Higher Educational Facilities Authority, Series 2012               | CUSIP: 70917R7J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4745000 | PA      | $4745650.07   | 0.70%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | Pennsylvania Higher Educational Facilities Authority, Series 2019               | CUSIP: 70917S6Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6302424.80   | 0.93%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | Pennsylvania Higher Educational Facilities Authority, Series 2021 A             | CUSIP: 70917TEB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11030000 | PA      | $8887894.58   | 1.31%             | 2051-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | Pennsylvania Higher Educational Facilities Authority, Series 2025 A             | CUSIP: 70917TTC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15695000 | PA      | $14988268.28  | 2.21%             | 2055-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | Pennsylvania Higher Educational Facilities Authority, Series 2025 A             | CUSIP: 70917TTD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2208771.70   | 0.33%             | 2055-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | Pennsylvania Higher Educational Facilities Authority, Series 2025               | CUSIP: 70917TTT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3192348.30   | 0.47%             | 2050-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | Pennsylvania Higher Educational Facilities Authority, Series 2025               | CUSIP: 70917TTV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6375000 | PA      | $6608172.64   | 0.97%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                             | Pennsylvania Turnpike Commission, Series 2021 B                                 | CUSIP: 709225DS2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1534156.95   | 0.23%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                             | Pennsylvania Turnpike Commission, Series 2021 B                                 | CUSIP: 709225DY9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  10950000 | PA      | $10283373.86  | 1.52%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                             | Pennsylvania Turnpike Commission, Series 2024 C                                 | CUSIP: 709225KY1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4820035.95   | 0.71%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                             | Pennsylvania Turnpike Commission, Series 2025 A                                 | CUSIP: 709225NY8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5375659.00   | 0.79%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                             | Pennsylvania Turnpike Commission, Series 2025 B                                 | CUSIP: 709225QR0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  11100000 | PA      | $11969243.22  | 1.77%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                   | Pennsylvania Turnpike Commission, Series 2025 A                                 | CUSIP: 709230AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7650000 | PA      | $8249301.00   | 1.22%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                          | Pennsylvania State University (The), Series 2023                                | CUSIP: 7092352K0<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3211630.20   | 0.47%             | 2048-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                          | Pennsylvania State University (The), Series 2024                                | CUSIP: 7092353J2<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5344264.50   | 0.79%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2020 A                | CUSIP: 71780CAH3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    155000 | PA      | $160375.94    | 0.02%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2020 A                | CUSIP: 71780CAJ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    300000 | PA      | $305009.70    | 0.04%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2020 A                | CUSIP: 71780CAK6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2497487.05   | 0.37%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2022                  | CUSIP: 71780TBM4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   8410000 | PA      | $8803416.44   | 1.30%             | 2060-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                      | City of Philadelphia, Series 2019 B                                             | CUSIP: 717813XN4<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   4055000 | PA      | $4297971.95   | 0.63%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                      | City of Philadelphia, Series 2019 B                                             | CUSIP: 717813XP9<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3751497.65   | 0.55%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                      | City of Philadelphia, Series 2021 A                                             | CUSIP: 717813YY9<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   4435000 | PA      | $4507776.58   | 0.66%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                      | City of Philadelphia, Series 2017 B                                             | CUSIP: 717817UM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10013945.00  | 1.48%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                      | City of Philadelphia, Series 2020 C                                             | CUSIP: 717817WV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5225000 | PA      | $4826981.97   | 0.71%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                      | City of Philadelphia, Series 2021                                               | CUSIP: 717817XZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5058221.50   | 0.75%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2010 A                | CUSIP: 7178185C8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3000000.00   | 0.44%             | 2042-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2017 A                | CUSIP: 71781XCP6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3532014.85   | 0.52%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2017 A                | CUSIP: 71781XCQ4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2416190.64   | 0.36%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                   | Philadelphia Gas Works Co., Series 15th                                         | CUSIP: 71783MAZ8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11109617.20  | 1.64%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                   | Philadelphia Gas Works Co., Series 17th A                                       | CUSIP: 71783MDF9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2113038.80   | 0.31%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Housing Authority                                               | Philadelphia Housing Authority Development Corp., Series 2025 A                 | CUSIP: 71783TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3576500.33   | 0.53%             | 2043-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Housing Authority                                               | Philadelphia Housing Authority Development Corp., Series 2025 A                 | CUSIP: 71783TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2618483.50   | 0.39%             | 2045-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)                                        | School District of Philadelphia (The), Series 2021 A                            | CUSIP: 717883YL0<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3952744.21   | 0.58%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                           | City of Philadelphia, Series 2024 C                                             | CUSIP: 7178933X7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5359340.00   | 0.79%             | 2054-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                           | City of Philadelphia, Series 2022 C                                             | CUSIP: 717893Z79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5389336.00   | 0.80%             | 2047-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2024 A                | CUSIP: 717901CA8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2319592.25   | 0.34%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2024 B-1              | CUSIP: 717901CC4<br>LEI: 549300DIY68KQZEW7M79 | Long             | STIV             | MUN               | US        |   8100000 | PA      | $8100000.00   | 1.19%             | 2054-07-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2024 B-2              | CUSIP: 717901CE0<br>LEI: 549300DIY68KQZEW7M79 | Long             | STIV             | MUN               | US        |   6700000 | PA      | $6700000.00   | 0.99%             | 2054-07-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                            | Philadelphia Authority for Industrial Development, Series 2017, Class III       | CUSIP: 717908AM9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10247347.00  | 1.51%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                           | Pittsburgh Water & Sewer Authority, Series 2022 A                               | CUSIP: 725304WW5<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1673936.63   | 0.25%             | 2039-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                           | Pittsburgh Water & Sewer Authority, Series 2022 A                               | CUSIP: 725304WX3<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1522490.83   | 0.22%             | 2040-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                           | Pittsburgh Water & Sewer Authority, Series 2022 A                               | CUSIP: 725304WY1<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1823982.11   | 0.27%             | 2041-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                           | Pittsburgh Water & Sewer Authority, Series 2022 A                               | CUSIP: 725304WZ8<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1846438.67   | 0.27%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                           | Pittsburgh Water & Sewer Authority, Series 2022 A                               | CUSIP: 725304XB0<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2742897.43   | 0.40%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | Public Finance Authority, Series 2025 A-1                                       | CUSIP: 74441XJD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1469067.86   | 0.22%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | Public Finance Authority, Series 2025 A-2                                       | CUSIP: 74441XJE0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3435000 | PA      | $1633538.64   | 0.24%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | Public Finance Authority, Series 2022, Class B-1                                | CUSIP: 74442PVW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1532260.32   | 0.23%             | 2044-12-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | Puerto Rico Electric Power Authority, Series VV                                 | CUSIP: 74526Q2Q4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1100000 | PA      | $1114662.78   | 0.16%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                         | Puerto Rico Electric Power Authority, Series VV                                 | CUSIP: 74526Q2U5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $1012261.40   | 0.15%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                      | Puerto Rico Sales Tax Financing Corp., Series A-1                               | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   4000000 | PA      | $3899863.20   | 0.58%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                     | Development Authority of Rockdale County, Series 2025 A-1                       | CUSIP: 77300QAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $316917.05    | 0.05%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                     | Development Authority of Rockdale County, Series 2025 A-1                       | CUSIP: 77300QAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $357836.63    | 0.05%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                             | Scranton-Lackawanna Health and Welfare Authority, Series 2016                   | CUSIP: 810694K73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4023147.60   | 0.59%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                             | Scranton-Lackawanna Health and Welfare Authority, Series 2025 A                 | CUSIP: 810694N39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2032459.80   | 0.30%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                             | Scranton-Lackawanna Health and Welfare Authority, Series 2025 A                 | CUSIP: 810694N47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2081610.36   | 0.31%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Scranton-Lackawanna Health and Welfare Authority                             | Scranton-Lackawanna Health and Welfare Authority, Series 2025 A                 | CUSIP: 810694N54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2122318.38   | 0.31%             | 2043-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Scranton School District                                                     | Scranton School District, Series 2020                                           | CUSIP: 810827ZD0<br>LEI: 549300SDNGI3OKNOUW62 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1541120.51   | 0.23%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                 | South Carolina State Housing Finance & Development Authority, Series 2021 A     | CUSIP: 83712EHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $887427.00    | 0.13%             | 2039-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                           | Southeastern Pennsylvania Transportation Authority, Series 2022                 | CUSIP: 842039FR5<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5239642.00   | 0.77%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State College Area School District                                           | State College Area School District, Series 2018                                 | CUSIP: 856706ZD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3589916.05   | 0.53%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                       | State Public School Building Authority, Series 2016 A                           | CUSIP: 85732GUG3<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   7095000 | PA      | $7218900.69   | 1.06%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                       | State Public School Building Authority, Series 2016 A                           | CUSIP: 85732GUH1<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3048534.90   | 0.45%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temple University-of The Commonwealth System of Higher Education             | Temple University-of Commonwealth System of Higher Education (The), Series 2025 | CUSIP: 880178DC9<br>LEI: 549300SCHVPNNFRR3L71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071830.30   | 0.16%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Temple University-of The Commonwealth System of Higher Education             | Temple University-of Commonwealth System of Higher Education (The), Series 2025 | CUSIP: 880178DD7<br>LEI: 549300SCHVPNNFRR3L71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $800444.85    | 0.12%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Merion Area School District                                            | Upper Merion Area School District, Series 2021 A                                | CUSIP: 915899RF7<br>LEI: 549300VSHSYXQGHRSD87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $930598.60    | 0.14%             | 2039-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Upper Merion Area School District                                            | Upper Merion Area School District, Series 2021 A                                | CUSIP: 915899RG5<br>LEI: 549300VSHSYXQGHRSD87 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1347977.55   | 0.20%             | 2040-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Upper Merion Area School District                                            | Upper Merion Area School District, Series 2021 A                                | CUSIP: 915899RH3<br>LEI: 549300VSHSYXQGHRSD87 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1112603.00   | 0.16%             | 2041-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                  | Washington State Housing Finance Commission, Series 2021 A                      | CUSIP: 939783H58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1636608.32   | 0.24%             | 2037-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Industrial Development Authority                         | Westmoreland County Industrial Development Authority, Series 2020 A             | CUSIP: 960875AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $756824.46    | 0.11%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Industrial Development Authority                         | Westmoreland County Industrial Development Authority, Series 2020 A             | CUSIP: 960875AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1443724.22   | 0.21%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Industrial Development Authority                         | Westmoreland County Industrial Development Authority, Series 2020 A             | CUSIP: 960875AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1359775.06   | 0.20%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Municipal Authority                                      | Westmoreland County Municipal Authority, Series 2025 A                          | CUSIP: 961017SZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5546028.50   | 0.82%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wilkes-Barre Finance Authority                                               | Wilkes-Barre Finance Authority, Series 2021                                     | CUSIP: 968254CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2125922.25   | 0.31%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Franklin Tax Free Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer