# EDGAR Filing Document

**Accession Number:** 0002018846
**File Stem:** 0001410368-26-040051
**Filing Date:** 2026-4
**Character Count:** 137890
**Document Hash:** ffed8f9ba14929dd451cd43b05cb9330
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-040051.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001410368-26-040051

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS Active Exchange Traded Funds Trust
- **CENTRAL INDEX KEY:** 0002018846

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23953
- **FILM NUMBER:** 26892032

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 617-954-5000

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

## Series and Classes Contracts Data

### MFS Active Intermediate Muni Bond ETF (Series ID: S000085668)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000251002 | MFS Active Intermediate Muni Bond ETF | MFSM            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS Active Exchange Traded Funds Trust

- **b. Investment Company Act file number:** 811-23953

- **c. CIK number of Registrant:** 0002018846

- **d. LEI of Registrant:** 254900BBYRSBROE1WI76

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

  - **Street Address 1:** 111 HUNTINGTON AVENUE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS Active Intermediate Muni Bond ETF

- **b. EDGAR series identifier (if any):** S000085668

- **c. LEI of Series:** 2549005ZTJ37E48F3888

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $74289087.75

**Total Liabilities:** $1843149.22

**Net Assets:** $72445938.53

**Delayed Delivery Securities:** $1661126.90

**Cash Not Reported:** $39175.43

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -94.46000000 | **1-Year:** -2386.09000000 | **5-Year:** -10899.85000000 | **10-Year:** -20102.77000000 | **30-Year:** -2487.29000000

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

- **3-Month:** -23.20000000 | **1-Year:** -373.00000000 | **5-Year:** -1546.78000000 | **10-Year:** -1814.51000000 | **30-Year:** -115.75000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251002 | 0.25%                | 0.92%                | 1.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4499.47                 | $-31023.89                                 |
| Month 2  | $-288.21                 | $324187.12                                 |
| Month 3  | $-317.12                 | $574996.74                                 |

**Designated Index Information**

- **Index Name:** Barclays Municipal 1-15 Yr

- **Index Identifier:** I06112

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hanover Area School District                                                     | HANOVER PA AREA SCH DIST                                     | CUSIP: 411147PA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107777.51    | 0.15%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                     | CHICAGO IL BRD OF EDU DEDICATED CAPITAL IMPT TAX             | CUSIP: 167510AW6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    100000 | PA      | $113281.08    | 0.16%             | 2033-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     99192 | PA      | $100238.61    | 0.14%             | 2041-01-20      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                                                 | CUSIP: 60412AQ63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519783.60    | 0.72%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A3W4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    245000 | PA      | $255373.86    | 0.35%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Energy Authority                                                  | CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REVENUE             | CUSIP: 15569DAA0<br>LEI: 254900G5IPQ9MA3FRJ55 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110985.33    | 0.15%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH COPS                             | CUSIP: 130493CG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    170000 | PA      | $183095.59    | 0.25%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $548866.50    | 0.76%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BSY5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $280095.78    | 0.39%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                                  | BALDWIN CNTY AL INDL DEV AUTH SOL WST DISP REVENUE           | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104668.93    | 0.14%             | 2055-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $166167.47    | 0.23%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Secondary Market for Education Loans Inc                                 | INDIANA ST SECONDARY MARKET FOR EDU LOANS INC STUDENT LOAN   | CUSIP: 45505NAS3<br>LEI: 549300M19IK303TD4597 | Long             | DBT              | MUN               | US        |    160000 | PA      | $158130.50    | 0.22%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP MF MTGE REVENUE                      | CUSIP: 34074HHE5<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251727.38    | 0.35%             | 2058-07-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Philadelphia Housing Authority                                                   | PHILADELPHIA PA HSG AUTH GEN REVENUE                         | CUSIP: 71783PAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257857.35    | 0.36%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commerce School District                                                         | COMMERCE GA SCH DIST                                         | CUSIP: 200635BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $300067.83    | 0.41%             | 2043-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STC Metropolitan District No 2                                                   | STC MET DIST #2 CO                                           | CUSIP: 85780TAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $236150.24    | 0.33%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Illinois University                                                 | N ESTRN IL UNIV COPS                                         | CUSIP: 66442RDL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112059.87    | 0.15%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                              | CUSIP: 451295H69<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |     70000 | PA      | $78662.89     | 0.11%             | 2060-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasco Local Improvement District                                                 | PASCO WA LOCAL IMPT DIST                                     | CUSIP: 702562AN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $73036.61     | 0.10%             | 2042-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $183786.36    | 0.25%             | 2036-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD | CUSIP: 04052FEF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $190954.05    | 0.26%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754T5S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107094.83    | 0.15%             | 2040-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FK46<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103757.22    | 0.14%             | 2041-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FW Ramble Public Facility Corp                                                   | FW RAMBLE PUBLIC FAC CORP TX RSDL DEV REVENUE                | CUSIP: 302708AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110758.73    | 0.15%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp                                                           | SOUTH JERSEY NJ PORT CORP                                    | CUSIP: 838530RG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $264608.86    | 0.37%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                  | DEKALB CNTY GA HSG AUTH MF HSG                               | CUSIP: 240471PH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $122502.16    | 0.17%             | 2034-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Godley TX                                                                | GODLEY TX                                                    | CUSIP: 380316AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $148531.12    | 0.21%             | 2042-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Providence Public Building Authority                                             | PROVIDENCE RI PUBLIC BLDGS AUTH REVENUE                      | CUSIP: 74381MBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $385263.04    | 0.53%             | 2035-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FZG2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    245000 | PA      | $271246.70    | 0.37%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57583U6R4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    235000 | PA      | $235121.52    | 0.32%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Garden City KS                                                           | GARDEN CITY KS SALES TAX SPL OBLIG REVENUE                   | CUSIP: 36508AAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101113.74    | 0.14%             | 2033-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807PT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $135635.90    | 0.19%             | 2040-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151PU7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125566.88    | 0.17%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                | CUSIP: 52349EEU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206884.34    | 0.29%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TGV3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    150000 | PA      | $165235.89    | 0.23%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CCU0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    210000 | PA      | $219233.22    | 0.30%             | 2040-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Sikeston MO                                                              | SIKESTON MO MUNI UTILITIES COPS                              | CUSIP: 826788BX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $237292.86    | 0.33%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                                | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310065.69    | 0.43%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                     | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE             | CUSIP: 39160CAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $549841.00    | 0.76%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                | CUSIP: 64461XDZ5<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257820.40    | 0.36%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182THA8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    425000 | PA      | $469192.35    | 0.65%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | HAWAII ST ARPTS SYS REVENUE                                  | CUSIP: 419794L34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216363.90    | 0.30%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Housing Authority                                                        | RALEIGH NC HSG AUTH MF REVENUE                               | CUSIP: 751115BY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258253.95    | 0.36%             | 2028-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SX90<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106922.42    | 0.15%             | 2029-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DUBOIS PA HOSP AUTH                                          | CUSIP: 263804CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $143188.36    | 0.20%             | 2036-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kenmore WA                                                               | KENMORE WA                                                   | CUSIP: 489153CM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271918.45    | 0.38%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX                                                            | FORT WORTH TX SPL TAX REVENUE                                | CUSIP: 349507ER0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110263.66    | 0.15%             | 2043-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389D47<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256292.28    | 0.35%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $333782.21    | 0.46%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mundelein Park & Recreation District                                             | MUNDELEIN IL PARK & RECREATION DIST                          | CUSIP: 626090DR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $231700.61    | 0.32%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI STUDENT HSG REVENUE                       | CUSIP: 74439YFX4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110268.40    | 0.15%             | 2035-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH RSDL DEV REVENUE        | CUSIP: 83704NAB0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202853.78    | 0.28%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Erie Sewer Authority                                                             | ERIE PA SWR AUTH                                             | CUSIP: 295533RW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $177945.67    | 0.25%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH SOL WST REVENUE                     | CUSIP: 71884RAA0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100010.29    | 0.14%             | 2035-12-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XJ36<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    125000 | PA      | $122063.39    | 0.17%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH DOCK & WHARF FAC REVENUE         | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105392.23    | 0.15%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority/The                                         | PASSAIC CNTY NJ IMPT AUTH CHRT SCH REVENUE                   | CUSIP: 70275QAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103278.55    | 0.14%             | 2033-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    250000 | PA      | $270465.15    | 0.37%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                  | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568JK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108151.43    | 0.15%             | 2039-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                 | PARK CREEK MET DIST CO LIMITED PROPERTY TAX SUPPORTED REVENU | CUSIP: 700385CG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $321069.87    | 0.44%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ECON DEV AUTH                                  | CUSIP: 95649DAU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    210000 | PA      | $227596.87    | 0.31%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJF1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    135000 | PA      | $146481.43    | 0.20%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    300000 | PA      | $306984.12    | 0.42%             | 2027-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RQT9<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    300000 | PA      | $317098.02    | 0.44%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FA79<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107455.22    | 0.15%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EPE7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100419.80    | 0.14%             | 2032-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    345000 | PA      | $378781.37    | 0.52%             | 2055-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams County General Authority                                                   | ADAMS CNTY PA GEN AUTH REV                                   | CUSIP: 006114AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134694.64    | 0.19%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charleston Housing Authority/SC                                                  | CHARLESTON SC HSG AUTH REVENUE                               | CUSIP: 160340AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103351.44    | 0.14%             | 2035-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wyoming Public Schools                                                           | WYOMING MI PUBLIC SCHS                                       | CUSIP: 983323UJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $283499.98    | 0.39%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $444149.82    | 0.61%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                          | COLUMBUS OH MET HSG AUTH GEN REVENUE                         | CUSIP: 19951AAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267571.03    | 0.37%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH SOL WST DISP REVENUE                       | CUSIP: 56042CAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108257.87    | 0.15%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    175000 | PA      | $173499.83    | 0.24%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                         | CUSIP: 74526QPN6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    325000 | PA      | $332263.43    | 0.46%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JNH7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    250000 | PA      | $278642.45    | 0.38%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pasco FL Solid Waste Disposal & Resource Recovery System Revenue       | PASCO CNTY FL SOL WST DISP & RESOURCE RECOVERY SYS           | CUSIP: 702538FE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $751057.98    | 1.04%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lawton Industrial Development Authority                                          | LAWTON OK INDL DEV AUTH SALES TAX REVENUE                    | CUSIP: 521005BK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $320865.30    | 0.44%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179R6G3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $275222.35    | 0.38%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Loramie Local School District                                               | FORT LORAMIE OH LOCAL SCH DIST COPS                          | CUSIP: 347790AW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $119318.11    | 0.16%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $545506.40    | 0.75%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                 | DELAWARE ST HSG AUTH REVENUE                                 | CUSIP: 246395ZM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $254249.87    | 0.35%             | 2055-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Jacksonville Public Educational Building Authority                               | JACKSONVILLE PUBLIC EDUCTNL BLDG AUTH                        | CUSIP: 469480BT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266767.15    | 0.37%             | 2044-08-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EKK5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131550.91    | 0.18%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                              | COLUMBUS OH REGL ARPT AUTH REVENUE                           | CUSIP: 199546CR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115218.83    | 0.16%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $140465.34    | 0.19%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389D70<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255424.83    | 0.35%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442ENQ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    105000 | PA      | $112181.18    | 0.15%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | VANCOUVER WA HSG AUTH MF REVENUE                             | CUSIP: 92162PAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $140401.99    | 0.19%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arapahoe County School District No 5 Cherry Creek                                | CHERRY CREEK CO SCH DIST #5                                  | CUSIP: 164555EB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $575706.85    | 0.79%             | 2042-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182THB6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110422.89    | 0.15%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445EQ8<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    350000 | PA      | $365360.94    | 0.50%             | 2038-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                   | CUSIP: 575896TM7<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    105000 | PA      | $110163.08    | 0.15%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BLN6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263806.40    | 0.36%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL Airport System Revenue                                   | PALM BEACH CNTY FL ARPT SYS REVENUE                          | CUSIP: 696499FT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $191645.41    | 0.26%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH RESOURCE RECOVERY REVENUE           | CUSIP: 04084EAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100626.44    | 0.14%             | 2065-10-15      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DYC9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    125000 | PA      | $129193.33    | 0.18%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 574218F32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $188217.23    | 0.26%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE       | CUSIP: 882750D33<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    250000 | PA      | $280647.03    | 0.39%             | 2056-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    250000 | PA      | $276592.13    | 0.38%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Airport Authority                                                          | OMAHA NE ARPT AUTH                                           | CUSIP: 681725NE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $337127.43    | 0.47%             | 2040-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Energy Inc                                                           | MAIN STREET ENERGY INC ENERGY PROJ REVENUE                   | CUSIP: 560354AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $272891.00    | 0.38%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pompano Beach FL                                                         | POMPANO BEACH FL REVENUE                                     | CUSIP: 732203AT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150105.78    | 0.21%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104PZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133335.99    | 0.18%             | 2038-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                       | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                    | CUSIP: 45884AF40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $272641.10    | 0.38%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    250000 | PA      | $272751.58    | 0.38%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                | CUSIP: 64461XKY0<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    125000 | PA      | $139702.79    | 0.19%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225TQ9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $548835.85    | 0.76%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723CN1<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264882.93    | 0.37%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH MUNI CTFS                               | CUSIP: 63607WBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     99192 | PA      | $98879.48     | 0.14%             | 2041-01-20      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                    | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                 | CUSIP: 514350AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $249923.23    | 0.34%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gary Chicago International Airport Authority                                     | GARY CHICAGO INTERNATIONAL ARPT AUTH IN DEV ZONE REVENUE     | CUSIP: 367066BP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111980.18    | 0.15%             | 2042-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104QD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132099.25    | 0.18%             | 2040-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JGX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $310811.90    | 0.43%             | 2060-03-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                                | MISSION TX ECON DEV CORP SOL WST DISP REVENUE                | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104812.40    | 0.14%             | 2064-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TAW7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    165000 | PA      | $169444.61    | 0.23%             | 2052-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Vanguard Tax-Exempt Bond Index ETF                                               | Vanguard Tax-Exempt Bond Index ETF                           | CUSIP: 922907746<br>LEI: N/A                  | Long             | EC               | RF                | US        |     57600 | NS      | $2946240.00   | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fourth Ward Redevelopment Authority                                              | FOURTH WARD REDEV AUTH TX TAX INCREMENT CONTRACT REVENUE     | CUSIP: 35131FAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $169310.27    | 0.23%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                               | S ESTRN PA TRANSPRTN AUTH                                    | CUSIP: 842039FQ7<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |    135000 | PA      | $142900.54    | 0.20%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH HOSP REVENUE                                | CUSIP: 2322655U8<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    350000 | PA      | $346519.60    | 0.48%             | 2052-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628C2G6<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    250000 | PA      | $278365.13    | 0.38%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $124498.70    | 0.17%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5416.07      | 0.01%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Edina MN                                                                 | EDINA MN                                                     | CUSIP: 280606JQ8<br>LEI: 549300V5XW2LPH6R4I43 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259498.65    | 0.36%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                                     | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   3348853 | NS      | $3348853.41   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667CG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $170573.04    | 0.24%             | 2038-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                     | CUSIP: 63607DAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    249454 | PA      | $263810.67    | 0.36%             | 2041-06-20      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250434.55    | 0.35%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Miami County Unified School District No 367 Osawatomie                           | MIAMI CNTY KS UNIF SCH DIST #367                             | CUSIP: 593286JS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $328437.87    | 0.45%             | 2042-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Union County Hospital Facility Authority                                         | UNION CNTY OR HOSP FAC AUTH                                  | CUSIP: 906420CE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156490.40    | 0.22%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                          | FULTON CNTY GA DEV AUTH REVENUE                              | CUSIP: 36005FCR4<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |    430000 | PA      | $447686.46    | 0.62%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                   | TEXAS ST PUBLIC FIN AUTH REVENUE                             | CUSIP: 88277PBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $233485.62    | 0.32%             | 2039-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Dover MA                                                                 | DOVER MA                                                     | CUSIP: 260165JR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $131770.21    | 0.18%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                           | STATE PUBLIC SCH BLDG AUTH PA COLLEGE REV                    | CUSIP: 85732NBJ3<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    265000 | PA      | $281120.72    | 0.39%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                | CELINA TX SPL ASSESSMENT REVENUE                             | CUSIP: 15114CKJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $276329.65    | 0.38%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Clackamas & Yamhill Counties School District No 88J                   | WASHINGTON CLACKAMAS & YAMHILL CNTYS OR SCH DIST #88J        | CUSIP: 937440DM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $178094.70    | 0.25%             | 2034-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PZG3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108205.39    | 0.15%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151RK7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    125000 | PA      | $127314.36    | 0.18%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YRZ4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255840.50    | 0.35%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH                                | CUSIP: 49126PGR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132965.45    | 0.18%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Bond Development Corp                                                   | KENTUCKY BOND DEV CORP HOSP REVENUE                          | CUSIP: 49121DAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $575936.10    | 0.79%             | 2055-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand River Hospital District                                                    | GRAND RIVER CO HOSP DIST                                     | CUSIP: 386448EW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $294956.28    | 0.41%             | 2043-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PJ89<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    150000 | PA      | $165003.06    | 0.23%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743YH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $279135.08    | 0.39%             | 2034-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alaska Railroad Corp                                                             | ALASKA ST RAILROAD CORP CRUISE PORT REVENUE                  | CUSIP: 01176AAM5<br>LEI: 549300SM5ZU2HV31E004 | Long             | DBT              | MUN               | US        |    200000 | PA      | $229188.22    | 0.32%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financing Authority                        | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE           | CUSIP: 34073TGK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105136.86    | 0.15%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF HSG REVENUE                  | CUSIP: 25477PQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261096.05    | 0.36%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION HLTHCR REVENUE            | CUSIP: 677510BZ1<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    240000 | PA      | $248498.76    | 0.34%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rutherford County Health & Educational Facilities Board                          | RUTHERFORD CNTY TN HLTH & EDUCTNL FACS BRD STUDENT HSG REV   | CUSIP: 78324AAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109404.47    | 0.15%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    250000 | PA      | $275782.85    | 0.38%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UFG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149954.52    | 0.21%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DQM1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175384.56    | 0.24%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rockland County Solid Waste Management Authority                                 | ROCKLAND CNTY NY SOL WST MGMT AUTH                           | CUSIP: 77356FAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $381496.80    | 0.53%             | 2044-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REV                     | CUSIP: 64972KGU3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505958.35    | 0.70%             | 2064-11-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                       | NEW ORLEANS LA AVIATION BRD                                  | CUSIP: 64763HHF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $360164.97    | 0.50%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NEW HAMPSHIRE ST BUSINESS FIN AUTH WTR FAC REVENUE           | CUSIP: 644684GX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $120822.54    | 0.17%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506ENK5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102609.99    | 0.14%             | 2029-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                           | CUSIP: 59335KET0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273667.70    | 0.38%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | GRAND FORKS ND HLTH CARE SYS REVENUE                         | CUSIP: 38546WDB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $128802.97    | 0.18%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                  | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568JH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273478.08    | 0.38%             | 2037-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    245000 | PA      | $273308.72    | 0.38%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182KP0<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    110000 | PA      | $114468.21    | 0.16%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Ohio WV Special District Excise Tax Revenue                            | OHIO CNTY WV CNTY COMMISSION SPL DIST EXCISE TAX REVENUE     | CUSIP: 67732PEY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109639.97    | 0.15%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    201000 | PA      | $155962.05    | 0.22%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County & Phoenix Industrial Development Authorities                     | MARICOPA CNTY & PHOENIX AZ INDL DEV AUTHORITIES MTGE REVENUE | CUSIP: 566736JT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $249984.23    | 0.35%             | 2040-09-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                      | CUSIP: 592190SU7<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262570.58    | 0.36%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JHM1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    155000 | PA      | $168911.05    | 0.23%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | ALLEGHENY CNTY PA ARPT AUTH ARPT REVENUE                     | CUSIP: 01728LKN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $244638.61    | 0.34%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH SOL WST DISP REVENUE                       | CUSIP: 56042CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104507.29    | 0.14%             | 2047-12-01      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333PR75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250605.13    | 0.35%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY MF HSG REVENUE                   | CUSIP: 708797AN5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    180349 | PA      | $183326.02    | 0.25%             | 2035-08-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BSM1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $282728.95    | 0.39%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Bennett CO Wastewater Revenue                                            | BENNETT CO WSTWTR REVENUE                                    | CUSIP: 082162AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $270032.13    | 0.37%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tazewell County School District No 52 Washington                                 | TAZEWELL CNTY IL SCH DIST #52WASHINGTON                      | CUSIP: 877690EH6<br>LEI: 549300QOXDTJ5PAYVW27 | Long             | DBT              | MUN               | US        |    100000 | PA      | $120520.83    | 0.17%             | 2042-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD | CUSIP: 04052FED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $149258.75    | 0.21%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                        | CUSIP: 167505RP3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259119.75    | 0.36%             | 2042-12-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974EXX9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106547.97    | 0.15%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                         | CUSIP: 155498HB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $333300.19    | 0.46%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland County Home Loan Authority                                             | CLEVELAND CNTY OK HOME LOAN AUTH SF MTGE REVENUE             | CUSIP: 186047JJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $279409.38    | 0.39%             | 2056-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                         | CUSIP: 852640AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101570.85    | 0.14%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UNE4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266969.85    | 0.37%             | 2035-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CBS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     97000 | PA      | $98610.48     | 0.14%             | 2046-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                 | LEE CNTY FL ARPT REVENUE                                     | CUSIP: 523470HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253687.53    | 0.35%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lanterns Metropolitan District No 1                                              | LANTERNS MET DIST #1 CO                                      | CUSIP: 51654AAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269387.70    | 0.37%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252QD4<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    150000 | PA      | $163073.18    | 0.23%             | 2045-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562TR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260905.80    | 0.36%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE               | CUSIP: 762323DK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $274516.28    | 0.38%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES  | CUSIP: 26118TBW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100969.01    | 0.14%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD | CUSIP: 04052FAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $198192.12    | 0.27%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City Center West Residential Metropolitan District No 2                          | CITY CTR WEST RSDL MET DIST #2 CO                            | CUSIP: 17776QAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107968.69    | 0.15%             | 2045-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PZC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    310000 | PA      | $337075.52    | 0.47%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031H63<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104263.11    | 0.14%             | 2062-03-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Harbor System Revenue                                            | HAWAII ST HARBOR SYS REVENUE                                 | CUSIP: 41981THG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $220378.23    | 0.30%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE               | CUSIP: 762323DL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $63766.33     | 0.09%             | 2043-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783VV5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250450.55    | 0.35%             | 2038-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SX82<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     85000 | PA      | $89419.10     | 0.12%             | 2028-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TGW1<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    190000 | PA      | $208893.64    | 0.29%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JHD1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    450000 | PA      | $488218.46    | 0.67%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486R68<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    130000 | PA      | $133440.66    | 0.18%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH STUDENT HSG & ACADEMIC FAC REVENUE      | CUSIP: 45203KAN5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202210.94    | 0.28%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 0418067P9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268260.38    | 0.37%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mirabelle Metropolitan District No 2                                             | MIRABELLE MET DIST #2 CO                                     | CUSIP: 60458HAU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $113031.16    | 0.16%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100123.97    | 0.14%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bromley Park Metropolitan District No 3                                          | BROMLEY PARK MET DIST NO 3 CO                                | CUSIP: 11222PAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $246246.84    | 0.34%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pensacola FL Airport Revenue                                             | PENSACOLA FL ARPT REVENUE                                    | CUSIP: 709427FC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219348.62    | 0.30%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chesapeake Hospital Authority                                                    | CHESAPEAKE VA HOSP AUTH HOSP FAC REVENUE                     | CUSIP: 16532VBM5<br>LEI: 549300MDFV8QY288K198 | Long             | DBT              | MUN               | US        |    320000 | PA      | $325167.81    | 0.45%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YDH1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250364.28    | 0.35%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032BY6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    260000 | PA      | $286176.85    | 0.40%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Adams & Arapahoe Counties Joint School District 28J Aurora                       | ADAMS & ARAPAHOE CNTYS CO JT SCH DIST #28J AURORA COPS       | CUSIP: 005484DA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $121427.41    | 0.17%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | MAINE HLTH & HGR EDUCTNL FACS AUTH REVENUE                   | CUSIP: 56042RMD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302355.96    | 0.42%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District/The                                                   | LOWER AL GAS DIST GAS PROJ REVENUE                           | CUSIP: 547804AF1<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |    210000 | PA      | $230701.30    | 0.32%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584X4L2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126888.30    | 0.18%             | 2037-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| County of Santa Fe NM                                                            | SANTA FE CNTY NM MF REVENUE                                  | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504510.30    | 0.70%             | 2049-12-10      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE               | CUSIP: 392275EJ8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    250000 | PA      | $278003.93    | 0.38%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $299715.49    | 0.41%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                           | CUSIP: 432308N75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $197918.64    | 0.27%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $264004.38    | 0.36%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EP Cimarron Ventanas PFC                                                         | EP CIMARRON VENTANAS PFC TX RSDL DEV REVENUE                 | CUSIP: 26879QAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257025.35    | 0.35%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westfield-Washington Multi-School Building Corp                                  | WESTFIELD-WASHINGTON IN MULTI-SCH BLDG CORP                  | CUSIP: 96023PPG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $276056.98    | 0.38%             | 2043-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                            | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE               | CUSIP: 26444CGX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155369.78    | 0.21%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V                                  | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP V GAS SPLY REVENUE | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |    250000 | PA      | $273565.18    | 0.38%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH                                | CUSIP: 49126PGN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134427.06    | 0.19%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Board of the City of Mobile Alabama                       | MOBILE AL INDL DEV BRD POLL CONTROL REVENUE                  | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150028.46    | 0.21%             | 2034-07-15      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                    | KING CNTY WA HSG AUTH                                        | CUSIP: 494759TA1<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    170000 | PA      | $181840.33    | 0.25%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Higher Education Authority Inc                                       | N TEXAS HGR EDU AUTH INC EDU LOAN REVENUE                    | CUSIP: 66286UAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108818.38    | 0.15%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JHG4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    250000 | PA      | $279985.08    | 0.39%             | 2056-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116JC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $289840.85    | 0.40%             | 2040-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SOL WST DISP REVENUE    | CUSIP: 83704DAP1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105286.27    | 0.15%             | 2027-12-15      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FWJ0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110671.12    | 0.15%             | 2043-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF MTGE REVENUE                | CUSIP: 64966TGW8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103283.03    | 0.14%             | 2031-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE      | CUSIP: 45203PAD6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    200000 | PA      | $209959.46    | 0.29%             | 2043-12-01      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                      | FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE        | CUSIP: 34077UAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202724.02    | 0.28%             | 2031-11-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YVL7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261514.80    | 0.36%             | 2046-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                                | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY          | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108362.19    | 0.15%             | 2054-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502491.85    | 0.69%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Metrocare Services                                                        | METROCARE SERVICES TX REVENUE                                | CUSIP: 59164FAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $296998.54    | 0.41%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP REVENUE             | CUSIP: 762244FN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125440.08    | 0.17%             | 2036-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Juban Crossing Economic Development District                                     | JUBAN CROSSING ECON DEV DIST LA REVENUE                      | CUSIP: 48125RBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $280507.45    | 0.39%             | 2036-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CNB6<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    250000 | PA      | $272268.03    | 0.38%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FW Chaparral PFC                                                                 | FW CHAPARRAL PFC TX RSDL DEV REVENUE                         | CUSIP: 302701AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $131679.04    | 0.18%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Halifax Hospital Medical Center                                                  | HALIFAX FL HOSP MED CTR                                      | CUSIP: 405815LG4<br>LEI: 549300H6HDJUXLEMUW23 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125502.15    | 0.17%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI STUDENT HSG REVENUE                       | CUSIP: 74439YGE5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    145000 | PA      | $158626.06    | 0.22%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No 1                                         | RAMPART RANGE CO MET DIST #1 LIMITED TAX SUPPORTED & SPL REV | CUSIP: 75157TAY5<br>LEI: 549300YG458KQEHMQF33 | Long             | DBT              | MUN               | US        |    300000 | PA      | $317772.51    | 0.44%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Allegheny School District                                                  | NORTH ALLEGHENY PA SCH DIST                                  | CUSIP: 656678VE6<br>LEI: 549300MJH200V28PJP95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517393.05    | 0.71%             | 2035-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BFB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $278576.47    | 0.38%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $270412.50    | 0.37%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Erie Higher Education Building Authority                                 | ERIE PA HGR EDU BLDG AUTH                                    | CUSIP: 295435DW8<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100482.15    | 0.14%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| iShares National Muni Bond ETF                                                   | iShares National Muni Bond ETF                               | CUSIP: 464288414<br>LEI: 549300H21FUYFQW9N157 | Long             | EC               | RF                | US        |     27050 | NS      | $2946286.00   | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                          | CUSIP: 462590NY2<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $274871.88    | 0.38%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The            | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                    | CUSIP: 717825PZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $128043.62    | 0.18%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647FK2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    115000 | PA      | $120265.79    | 0.17%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA INDL DEV AUTH STUDENT HSG REVENUE                    | CUSIP: 04052VAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252851.75    | 0.35%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UGZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $178214.27    | 0.25%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                     | CUSIP: 19645UUT9<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102143.03    | 0.14%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                | HORACE ND                                                    | CUSIP: 440365HP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $135208.90    | 0.19%             | 2038-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JDL9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251623.18    | 0.35%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CBH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    124000 | PA      | $124758.97    | 0.17%             | 2045-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $216511.36    | 0.30%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $273370.35    | 0.38%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TEV5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    110000 | PA      | $115056.04    | 0.16%             | 2056-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268877.55    | 0.37%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community School District No 152 1/2 Hazel Crest                     | COOK CNTY IL CMNTY SCH DIST #152 1/2 HAZEL CREST             | CUSIP: 215147FD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $344323.26    | 0.48%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Airports Improvement Trust                                                 | TULSA OK ARPTS IMPT TRUST                                    | CUSIP: 899647SA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $257091.26    | 0.35%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | VANCOUVER WA HSG AUTH MF REVENUE                             | CUSIP: 92162PAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99490.47     | 0.14%             | 2044-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Las Varas Public Facility Corp                                                   | LAS VARAS PUBLIC FAC CORP TX ESSENTIAL FUNCTION HSG DEV REV  | CUSIP: 51766FAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $106727.27    | 0.15%             | 2035-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Charlotte County Industrial Development Authority/FL                             | CHARLOTTE CNTY FL INDL DEV AUTH UTILITY SYS REVENUE          | CUSIP: 16080TAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104920.95    | 0.14%             | 2035-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| William Penn School District Authority                                           | WILLIAM PENN PA SCH DIST AUTH SCH REVENUE                    | CUSIP: 969257BE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106051.96    | 0.15%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton County General Purpose Authority                                     | NORTHAMPTON CNTY PA GEN PURPOSE AUTH HOSP REVENUE            | CUSIP: 66353RDD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $147260.65    | 0.20%             | 2044-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486S67<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103641.63    | 0.14%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa County Home Finance Authority                                              | TULSA CNTY OK HOME FIN AUTH                                  | CUSIP: 899517JU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $139235.91    | 0.19%             | 2056-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tucson Industrial Development Authority/Pima County Industrial Development Auth  | TUCSON & PIMA CNTYS AZ INDL DEV AUTHORITIES SF MTGE REVENUE  | CUSIP: 898700HP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $273724.49    | 0.38%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                      | ATLANTA GA URBAN RSDL FIN AUTH MF HSG REVENUE                | CUSIP: 04785VBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101216.09    | 0.14%             | 2029-02-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442ENV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252519.68    | 0.35%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506ENW9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    120000 | PA      | $131916.60    | 0.18%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048V3D8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $269707.85    | 0.37%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County Housing Authority                                           | DENVER CO CITY & CNTY MF HSG REVENUE                         | CUSIP: 24917QBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10333.46     | 0.01%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                     | SAVANNAH GEORGIA CONVENTION CTR AUTH GA CONVENTION CTR HOTEL | CUSIP: 804828AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109842.35    | 0.15%             | 2040-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514XP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254997.45    | 0.35%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BWW7<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    230000 | PA      | $239584.51    | 0.33%             | 2046-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH LOAN REVENUE                               | CUSIP: 56042TEP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $74461.56     | 0.10%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                     | SAVANNAH GEORGIA CONVENTION CTR AUTH GA CONVENTION CTR HOTEL | CUSIP: 804828AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $141084.44    | 0.19%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Lawrence Community Schools Building Corp                                   | N LAWRENCE IN CMNTY SCHS BLDGCORP                            | CUSIP: 66042RFH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112442.88    | 0.16%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $224680.46    | 0.31%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EP Cimarron Ventanas PFC                                                         | EP CIMARRON VENTANAS PFC TX RSDL DEV REVENUE                 | CUSIP: 26879QAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20380.73     | 0.03%             | 2039-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Chester County Health and Education Facilities Authority                         | CHESTER CNTY PA HLTH & EDU FACS AUTH REVENUE                 | CUSIP: 165579HS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $200998.90    | 0.28%             | 2046-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CMH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107046.27    | 0.15%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000B7W2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    175000 | PA      | $188595.79    | 0.26%             | 2044-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FT62<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    130000 | PA      | $143743.03    | 0.20%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CGD4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    250000 | PA      | $278423.55    | 0.38%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $278974.75    | 0.39%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217CP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $270909.78    | 0.37%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF HSG MTGE REVENUE             | CUSIP: 25477TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104197.84    | 0.14%             | 2029-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    370000 | PA      | $394264.45    | 0.54%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Margaretta Local School District                                                 | MARGARETTA OH LOCAL SCH DIST COPS                            | CUSIP: 566575AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $164424.03    | 0.23%             | 2037-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | UTAH ST CHRT SCH FIN AUTH CHRT SCH REVENUE                   | CUSIP: 91754T3U5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $164357.67    | 0.23%             | 2040-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YUH7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107333.95    | 0.15%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Board of Water Commissioners City & County of Denver/The                         | DENVER CITY & CNTY CO BRD OF WTR COMMISSIONERS WTR REVENUE   | CUSIP: 24916PGB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $213454.98    | 0.29%             | 2047-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $208861.45    | 0.29%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BJP4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    195000 | PA      | $218030.57    | 0.30%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CKV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110485.03    | 0.15%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    210000 | PA      | $229095.83    | 0.32%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                           | MINNEAPOLIS MN HLTH CARE SYS REVENUE                         | CUSIP: 60374VEA7<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    160000 | PA      | $166415.94    | 0.23%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                   | CUSIP: 14054WBT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102452.34    | 0.14%             | 2040-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Minnetonka Independent School District No 276                                    | MINNETONKA MN ISD #276 FACS MAINTENANCE                      | CUSIP: 604196BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $100170.68    | 0.14%             | 2043-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416TQ68<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    210000 | PA      | $226397.93    | 0.31%             | 2053-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-13

**Name of Applicant:** MFS Active Exchange Traded Funds Trust

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer