# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-25-003383
**Filing Date:** 2025-10
**Character Count:** 124634
**Document Hash:** 30c978f79b0a8627e6c50f9e2efaae71
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-003383.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0002071691-25-003383

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 251418377

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

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

## Series and Classes Contracts Data

### FRANKLIN OHIO TAX-FREE INCOME FUND (Series ID: S000006925)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018786 | CLASS A1      | FTOIX           |
| C000018788 | CLASS C       | FOITX           |
| C000068552 | ADVISOR CLASS | FROZX           |
| C000194366 | Class R6      | FKTOX           |
| C000205904 | Class A       | FOHQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

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

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

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

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

- **b. EDGAR series identifier (if any):** S000006925

- **c. LEI of Series:** 549300WYLHHD0O42HL20

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

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

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $913119458.09

**Total Liabilities:** $3407038.62

**Net Assets:** $909712419.47

**Cash Not Reported:** $5695799.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -412.60000000 | **1-Year:** -6503.51000000 | **5-Year:** -14442.53000000 | **10-Year:** -234069.13000000 | **30-Year:** -332667.69000000

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

- **3-Month:** 0.00000000 | **1-Year:** -7.02000000 | **5-Year:** -527.82000000 | **10-Year:** -54291.97000000 | **30-Year:** -33214.39000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018788 | 0.50%                | -0.81%               | 0.80%                |
| Class ID C000194366 | 0.56%                | -0.76%               | 0.87%                |
| Class ID C000068552 | 0.65%                | -0.77%               | 0.87%                |
| Class ID C000018786 | 0.64%                | -0.87%               | 0.95%                |
| Class ID C000205904 | 0.63%                | -0.88%               | 0.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-606379.97              | $3623829.99                                |
| Month 2  | $-555954.33              | $-9978654.65                               |
| Month 3  | $-1300196.27             | $6553041.44                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2024 A                                                                          | CUSIP: 02765USX3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1332172.23   | 0.15%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAL0<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    225000 | PA      | $199603.24    | 0.02%             | 2039-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2020 C                                                                                           | CUSIP: 6775225K6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2442243.50   | 0.27%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                              | Toledo-Lucas County Port Authority, Series 2021 A                                                                      | CUSIP: 889251HK3<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |    350000 | PA      | $310904.09    | 0.03%             | 2031-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                      | Columbus-Franklin County Finance Authority, Series 2025 A                                                              | CUSIP: 199097JQ0<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |    660000 | PA      | $660161.50    | 0.07%             | 2045-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2017 A                                                                          | CUSIP: 02765UNG5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3817125.35   | 0.42%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2017                                                                                        | CUSIP: 353202FM1<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   3515000 | PA      | $3451960.58   | 0.38%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                                     | Pecan Public Facility Corp., Series 2022 A-2                                                                           | CUSIP: 705125AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4300149.00   | 0.47%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                          | Ohio Air Quality Development Authority, Series 2009 C                                                                  | CUSIP: 677525WR4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1987445.00   | 0.22%             | 2026-02-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | City of Columbus, Series 2021 A                                                                                        | CUSIP: 199492J75<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1979266.86   | 0.22%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | Ohio Turnpike & Infrastructure Commission, Series 2013 A-2                                                             | CUSIP: 67760HKE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10485000 | PA      | $4583464.28   | 0.50%             | 2043-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Madeira City School District                                                    | Madeira City School District                                                                                           | CUSIP: 556377FM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9605000 | PA      | $10686538.37  | 1.17%             | 2032-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Springboro Community City School District                                       | Springboro Community City School District, Series 2007                                                                 | CUSIP: 85022KEB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2168723.80   | 0.24%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dublin City School District                                                     | Dublin City School District, Series 2019 A                                                                             | CUSIP: 26371GUB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9103518.00   | 1.00%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Princeton City School District                                                  | Princeton City School District, Series 2014                                                                            | CUSIP: 742327ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $2847571.80   | 0.31%             | 2040-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DJ98<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5021091.27   | 0.55%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Norwood City School District                                                    | Norwood City School District, Series 2017 A                                                                            | CUSIP: 669674BV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7645000 | PA      | $7785475.35   | 0.86%             | 2051-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                        | University of Cincinnati, Series 2017 A                                                                                | CUSIP: 914119F98<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2208289.64   | 0.24%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2016 A                                                                          | CUSIP: 02765UMJ0<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3503094.70   | 0.39%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2020 A                                                             | CUSIP: 67756DXK7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1241230.25   | 0.14%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                               | Northeast Ohio Medical University, Series 2021 A                                                                       | CUSIP: 66433RAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103949.34    | 0.01%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hilliard School District                                                        | Hilliard School District, Series 2017                                                                                  | CUSIP: 431621TB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8832114.00   | 0.97%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                      | Columbus-Franklin County Finance Authority, Series 2024 A                                                              | CUSIP: 19910XAH9<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4671260.50   | 0.51%             | 2043-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Cincinnati City School District                                                 | Cincinnati City School District, Series 2006                                                                           | CUSIP: 172252A81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14900000 | PA      | $15875945.53  | 1.75%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                      | Columbus-Franklin County Finance Authority, Series 2024 A                                                              | CUSIP: 199097JM9<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |    980000 | PA      | $939377.14    | 0.10%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami OH                                                              | County of Miami, Series 2019                                                                                           | CUSIP: 593328FP7<br>LEI: 549300YAYSF4ZQH3JU54 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4940804.00   | 0.54%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                                         | Dayton-Montgomery County Port Authority, Series 2021 C                                                                 | CUSIP: 23981MAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $309664.74    | 0.03%             | 2031-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Miami University                                                                | Miami University, Series 2017                                                                                          | CUSIP: 593791HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5049908.00   | 0.56%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toledo City School District                                                     | Toledo City School District, Series 2025                                                                               | CUSIP: 889294TB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6595000 | PA      | $6710115.07   | 0.74%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Princeton City School District                                                  | Princeton City School District, Series 2014                                                                            | CUSIP: 742327EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $2609642.40   | 0.29%             | 2041-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Licking Heights Local School District                                           | Licking Heights Local School District, Series 2022                                                                     | CUSIP: 531677QQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1692686.16   | 0.19%             | 2051-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Series 2024 C                                                        | CUSIP: 734195EZ9<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007492.40   | 0.11%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2020                                                               | CUSIP: 67756DXH4<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $874712.41    | 0.10%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westerville City School District                                                | Westerville City School District, Series 2006                                                                          | CUSIP: 960028MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3820000 | PA      | $3986540.54   | 0.44%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Bluffton OH                                                          | Village of Bluffton, Series 2017                                                                                       | CUSIP: 096391AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1902861.02   | 0.21%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | Ohio Water Development Authority, Series 2019                                                                          | CUSIP: 67765QHN9<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1345438.64   | 0.15%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2023                                                                                        | CUSIP: 353180LZ3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4973668.00   | 0.55%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series VV                                                                        | CUSIP: 74526Q2U5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $993369.50    | 0.11%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hudson City School District                                                     | Hudson City School District, Series 2018                                                                               | CUSIP: 444089CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18370000 | PA      | $16433655.04  | 1.81%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Willoughby-Eastlake City School District                                        | Willoughby-Eastlake City School District, Series 2016                                                                  | CUSIP: 971039QW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3018197.10   | 0.33%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                            | City of Cleveland, Series 2012                                                                                         | CUSIP: 186343X53<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35052.88     | 0.00%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2021 C                                                                            | CUSIP: 93516RAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2687923.35   | 0.30%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                      | Capital Trust Agency, Inc., Series 2021 A-1                                                                            | CUSIP: 14052TDY7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1398977.58   | 0.15%             | 2057-01-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAM8<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    240000 | PA      | $209227.20    | 0.02%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                        | Development Authority of Rockdale County, Series 2025 A-1                                                              | CUSIP: 77300QAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $919359.21    | 0.10%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Haven at Elgin LLC                                                              | Haven at Elgin LLC                                                                                                     | CUSIP: 41935HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3209575.62   | 0.35%             | 2053-12-31      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Fremont City School District                                                    | Fremont City School District, Series 2017 A                                                                            | CUSIP: 357568GG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13970000 | PA      | $13990352.89  | 1.54%             | 2049-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                           | County of Cuyahoga, Series 2020 A                                                                                      | CUSIP: 23223PGA9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    750000 | PA      | $770473.20    | 0.08%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2024                                                               | CUSIP: 67756DS72<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6560802.23   | 0.72%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                      | Columbus-Franklin County Finance Authority, Series 2021 C                                                              | CUSIP: 199097HV1<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $1373461.91   | 0.15%             | 2051-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Lucas OH                                                              | County of Lucas, Series 2022                                                                                           | CUSIP: 54930LUH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2813385.00   | 0.31%             | 2052-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFR4<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    235000 | PA      | $243059.07    | 0.03%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | Metropolitan Transportation Authority, Series 2021 A-1                                                                 | CUSIP: 59261AK63<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    750000 | PA      | $623366.63    | 0.07%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madison-Plains Local School District                                            | Madison-Plains Local School District, Series 2025                                                                      | CUSIP: 558187AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041773.60   | 0.22%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | New Jersey Transportation Trust Fund Authority, Series 2022 A                                                          | CUSIP: 64613CAA6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1911873.20   | 0.21%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAK2<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    220000 | PA      | $198257.77    | 0.02%             | 2038-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakota Local School District                                                    | Lakota Local School District, Series 2005                                                                              | CUSIP: 512804RE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2071133.20   | 0.23%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Green Local School District/Summit County                                       | Green Local School District, Series 2022                                                                               | CUSIP: 393192AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1985774.40   | 0.22%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | Ohio Housing Finance Agency, Series 2023 A                                                                             | CUSIP: 676900WJ8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $10916488.00  | 1.20%             | 2041-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Winton Woods City School District                                               | Winton Woods City School District, Series 2017                                                                         | CUSIP: 97650EDR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6470551.50   | 0.71%             | 2043-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MG4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2126808.31   | 0.23%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Marysville OH Wastewater Treatment System Revenue                       | City of Marysville, Series 2016                                                                                        | CUSIP: 57448RGV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9370000 | PA      | $8097291.64   | 0.89%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                    | South Carolina State Housing Finance & Development Authority, Series 2021 A                                            | CUSIP: 83712EHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2469317.40   | 0.27%             | 2039-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2021 B                                                                                           | CUSIP: 677561LW0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   4850000 | PA      | $5239586.44   | 0.58%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Arlington City School District                                            | Upper Arlington City School District, Series 2018 A                                                                    | CUSIP: 915506MS5<br>LEI: 549300SQZ13W1SD1QR36 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13795395.90  | 1.52%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2021                                                                  | CUSIP: 18610PBL1<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97857.21     | 0.01%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH Sewerage Revenue                                            | City of Columbus, Series 2015                                                                                          | CUSIP: 199561GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5081341.50   | 0.56%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Regional Airport Authority                                             | Columbus Regional Airport Authority, Series 2025 A                                                                     | CUSIP: 199546DC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5119415.50   | 0.56%             | 2050-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Norwalk City School District                                                    | Norwalk City School District, Series 2025                                                                              | CUSIP: 669147FK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $705454.54    | 0.08%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami University/Oxford OH                                                      | Miami University, Series 2022 A                                                                                        | CUSIP: 593791KZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090210.00   | 0.12%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DK39<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5970000 | PA      | $5900036.38   | 0.65%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dublin City School District                                                     | Dublin City School District, Series 2024 B                                                                             | CUSIP: 26371GYQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1115203.25   | 0.12%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | City of Columbus, Series 2019 A                                                                                        | CUSIP: 199492YY9<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3082167.90   | 0.34%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                                         | Dayton-Montgomery County Port Authority, Series 2021 C                                                                 | CUSIP: 23981MAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1100194.36   | 0.12%             | 2041-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                        | University of Cincinnati, Series 2024 A                                                                                | CUSIP: 9141194V1<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   6350000 | PA      | $6557989.81   | 0.72%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Water Pollution Control                                    | City of Cleveland, Series 2024                                                                                         | CUSIP: 186423BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1362274.61   | 0.15%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DE36<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3024900.02   | 0.33%             | 2052-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2021                                                               | CUSIP: 677510AS8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1132428.41   | 0.12%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | Ohio Turnpike & Infrastructure Commission, Series 2018 A                                                               | CUSIP: 67760HME8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17025000 | PA      | $17171508.64  | 1.89%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DJ80<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001878.20   | 0.22%             | 2047-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| University of Akron (The)                                                       | University of Akron (The), Series 2018 A                                                                               | CUSIP: 914023LY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5725000 | PA      | $5770142.20   | 0.63%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2022 A                                                                            | CUSIP: 935163BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3210000 | PA      | $3218635.54   | 0.35%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2024 C                                                                | CUSIP: 186103MA2<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1132687.55   | 0.12%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAH9<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    205000 | PA      | $190831.81    | 0.02%             | 2036-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sycamore Community City School District                                         | Sycamore Community City School District, Series 2020                                                                   | CUSIP: 87122NGH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5451256.80   | 0.60%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Ross OH                                                               | County of Ross, Series 2019                                                                                            | CUSIP: 778260FL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3805000 | PA      | $3845065.89   | 0.42%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwood City School District                                                    | Norwood City School District, Series 2017 A                                                                            | CUSIP: 669674BU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5083699.50   | 0.56%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2023 A                                                                                | CUSIP: 74441XHQ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2578598.68   | 0.28%             | 2053-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MH2<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2709865.72   | 0.30%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                        | University of Cincinnati, Series 2024 A                                                                                | CUSIP: 9141194X7<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1691000.85   | 0.19%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2018 A                                                             | CUSIP: 67756DQB5<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |  11885000 | PA      | $10284136.85  | 1.13%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Apollo Joint Vocational School District                                         | Apollo Joint Vocational School District, Series 2017                                                                   | CUSIP: 03764YBT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6530000 | PA      | $6364165.43   | 0.70%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                     | Washington State Housing Finance Commission, Series 2021 A                                                             | CUSIP: 939783H58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2570954.93   | 0.28%             | 2037-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | Ohio Housing Finance Agency, Series 2024 B                                                                             | CUSIP: 67756Q8A8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   9895000 | PA      | $9385817.15   | 1.03%             | 2054-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Beachwood City School District                                                  | Beachwood City School District, Series 2023                                                                            | CUSIP: 073545PE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7575000 | PA      | $6467796.34   | 0.71%             | 2053-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Mahoning OH Sewer System Revenue                                      | County of Mahoning, Series 2022                                                                                        | CUSIP: 560072DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3009493.50   | 0.33%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Muskingum                                                             | County of Muskingum, Series 2024                                                                                       | CUSIP: 628076NC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $864538.40    | 0.10%             | 2054-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2021 C                                                                            | CUSIP: 93516RAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $1860025.02   | 0.20%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAN6<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    245000 | PA      | $209930.16    | 0.02%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2025 A                                                                            | CUSIP: 935163CL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1786883.01   | 0.20%             | 2056-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Village of Bluffton OH                                                          | Village of Bluffton, Series 2017                                                                                       | CUSIP: 096391AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1662165.98   | 0.18%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2021                                                                  | CUSIP: 18610PBR8<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1597256.40   | 0.18%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Fayette OH                                                            | County of Fayette, Series 2025                                                                                         | CUSIP: 312446AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5038886.00   | 0.55%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MC3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10713.00     | 0.00%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Public Power               | Cleveland Department of Public Utilities, Series 2020 A                                                                | CUSIP: 186398MC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995397.10    | 0.11%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | Ohio Housing Finance Agency, Series 2020 B                                                                             | CUSIP: 67756QG43<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    485000 | PA      | $391703.61    | 0.04%             | 2035-09-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2024 D                                                                        | CUSIP: 67766WT44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7575000 | PA      | $7863396.92   | 0.86%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indian Creek Local School District                                              | Indian Creek Local School District, Series 2018 B                                                                      | CUSIP: 454146EM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3910000 | PA      | $3885648.91   | 0.43%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                               | Northeast Ohio Medical University, Series 2021 A                                                                       | CUSIP: 66433RAW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125471.03    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180ME9<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5356.50      | 0.00%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2016                                                               | CUSIP: 67756DJZ0<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5320000 | PA      | $5335313.62   | 0.59%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2024 D                                                                        | CUSIP: 67766WT36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3344868.48   | 0.37%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | Ohio Turnpike & Infrastructure Commission, Series 2013 A-2                                                             | CUSIP: 67760HKU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3665000 | PA      | $2221029.58   | 0.24%             | 2038-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Ross OH                                                               | County of Ross, Series 2019                                                                                            | CUSIP: 778260FM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1283095.97   | 0.14%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Series 2024 B                                                        | CUSIP: 734195ED8<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1470657.60   | 0.16%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2016                                                               | CUSIP: 67756DJY3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6151161.60   | 0.68%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron City School District                                                      | Akron City School District, Series 2023                                                                                | CUSIP: 010051AU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2982987.30   | 0.33%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Olentangy Local School District                                                 | Olentangy Local School District, Series 2016                                                                           | CUSIP: 680616G60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7660000 | PA      | $6949273.03   | 0.76%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Summit County Development Finance Authority                                     | Summit County Development Finance Authority, Series 2023                                                               | CUSIP: 86607JAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5074428.00   | 0.56%             | 2053-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                              | Toledo-Lucas County Port Authority, Series 2024 C                                                                      | CUSIP: 889251JH8<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2093078.66   | 0.23%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio University                                                                 | Ohio University, Series 2017 A                                                                                         | CUSIP: 677704D54<br>LEI: 549300P1K3IH2L5SFY61 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7031371.90   | 0.77%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                              | Toledo-Lucas County Port Authority, Series 2021                                                                        | CUSIP: 889259AL1<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3683861.00   | 0.40%             | 2057-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAF3<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    185000 | PA      | $178185.30    | 0.02%             | 2034-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Marysville OH Wastewater Treatment System Revenue                       | City of Marysville, Series 2015                                                                                        | CUSIP: 57448REN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3015000 | PA      | $2855370.52   | 0.31%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                              | Toledo-Lucas County Port Authority, Series 2021                                                                        | CUSIP: 889259AJ6<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1288432.11   | 0.14%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Canal Winchester Local School District                                          | Canal Winchester Local School District, Series 2005                                                                    | CUSIP: 137087KA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3064253.71   | 0.34%             | 2032-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University (The)                                                     | Ohio State University (The), Series 2021 A                                                                             | CUSIP: 677632N72<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |  10020000 | PA      | $8730263.68   | 0.96%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami Valley Career Technology Center                                           | Miami Valley Career Technology Center, Series 2018                                                                     | CUSIP: 593842CQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20172632.00  | 2.22%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Local School District                                              | Northeastern Local School District, Series 2018                                                                        | CUSIP: 664482GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5420000 | PA      | $5483366.30   | 0.60%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Grandview Heights City School District                                          | Grandview Heights City School District, Series 2019                                                                    | CUSIP: 386694EK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2156286.82   | 0.24%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                           | County of Hamilton, Series 2021 B                                                                                      | CUSIP: 4072722B8<br>LEI: 549300TO1E3N4E4YIO28 | Long             | STIV             | MUN               | US        |   2700000 | PA      | $2700000.00   | 0.30%             | 2051-08-15      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DD94<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    300000 | PA      | $314420.10    | 0.03%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Butler OH                                                             | County of Butler, Series 2016                                                                                          | CUSIP: 123550GT6<br>LEI: 54930064OLVQO8IVR655 | Long             | DBT              | MUN               | US        |   5020000 | PA      | $4739409.61   | 0.52%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 677510CY3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   4895000 | PA      | $4720293.04   | 0.52%             | 2052-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                               | Northeast Ohio Medical University, Series 2021 A                                                                       | CUSIP: 66433RBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117098.50    | 0.01%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Series 2024 C                                                        | CUSIP: 734195FA3<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002701.30   | 0.11%             | 2058-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                      | Columbus-Franklin County Finance Authority, Series 2021 C                                                              | CUSIP: 199097HU3<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |    900000 | PA      | $609545.79    | 0.07%             | 2041-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Chillicothe OH                                                          | City of Chillicothe, Series 2017                                                                                       | CUSIP: 169203AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2918957.22   | 0.32%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2025 A-1                                                                              | CUSIP: 74441XJD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4285000 | PA      | $4306818.79   | 0.47%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| County of Morrow                                                                | County of Morrow, Series 2024                                                                                          | CUSIP: 618899FT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1649235.13   | 0.18%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Union OH                                                              | County of Union, Series 2018                                                                                           | CUSIP: 906412RT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5022408.50   | 0.55%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                              | Toledo-Lucas County Port Authority, Series 2021                                                                        | CUSIP: 889259AK3<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2162158.17   | 0.24%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MB5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10713.00     | 0.00%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAG1<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    195000 | PA      | $185051.24    | 0.02%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                               | Northeast Ohio Medical University, Series 2021 A                                                                       | CUSIP: 66433RBD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $384776.10    | 0.04%             | 2040-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2022 B                                                                            | CUSIP: 935163BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $958632.69    | 0.11%             | 2034-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH Sales Tax Revenue                                         | County of Franklin, Series 2018                                                                                        | CUSIP: 353204AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6054072.00   | 0.67%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | Puerto Rico Electric Power Authority, Series VV                                                                        | CUSIP: 74526Q2Q4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $999388.70    | 0.11%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2023 B                                                                        | CUSIP: 67766WK35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5675000 | PA      | $6235577.64   | 0.69%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dublin City School District                                                     | Dublin City School District, Series 2024                                                                               | CUSIP: 26371GXS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2312359.20   | 0.25%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                      | Capital Trust Agency, Inc., Series 2021 A-1                                                                            | CUSIP: 14052TDU5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   9144000 | PA      | $7839887.29   | 0.86%             | 2036-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | Ohio Housing Finance Agency, Series 2023 A                                                                             | CUSIP: 676900WE9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |  17000000 | PA      | $16281015.60  | 1.79%             | 2041-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2016 C                                                                                      | CUSIP: 353187DN4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4690468.50   | 0.52%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hilliard OH Income Tax Revenue                                          | City of Hilliard, Series 2022                                                                                          | CUSIP: 43162CAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5027622.50   | 0.55%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2016                                                               | CUSIP: 67756DJG2<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   4180000 | PA      | $3579762.45   | 0.39%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DE28<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3390000 | PA      | $3357234.29   | 0.37%             | 2042-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Bethel Local School District                                                    | Bethel Local School District, Series 2020                                                                              | CUSIP: 086854AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2517846.00   | 0.28%             | 2049-12-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Series 2024 B                                                        | CUSIP: 734195EF3<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1905097.40   | 0.21%             | 2063-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2016 A                                                                          | CUSIP: 02765UMF8<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000509.50   | 0.11%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                        | Development Authority of Rockdale County, Series 2025 A-1                                                              | CUSIP: 77300QAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $924684.55    | 0.10%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2021                                                                  | CUSIP: 18610PBN7<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    100000 | PA      | $93523.55     | 0.01%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                         | Puerto Rico Sales Tax Financing Corp., Series A-2                                                                      | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1100000 | PA      | $971768.49    | 0.11%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2020 A                                                             | CUSIP: 67756DXL5<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2556169.91   | 0.28%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westlake City School District                                                   | Westlake City School District, Series 2021 A                                                                           | CUSIP: 960470NS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3965000 | PA      | $3380735.05   | 0.37%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2022, Class B-1                                                                       | CUSIP: 74442PVW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2376700.25   | 0.26%             | 2044-12-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toledo City School District                                                     | Toledo City School District, Series 2024                                                                               | CUSIP: 889295AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1267463.50   | 0.14%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Springboro Community City School District                                       | Springboro Community City School District, Series 2007                                                                 | CUSIP: 85022KEA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5175000 | PA      | $5483527.81   | 0.60%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2020 D-1                                                                          | CUSIP: 935163BD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1526319.85   | 0.17%             | 2052-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Butler OH                                                             | County of Butler, Series 2017                                                                                          | CUSIP: 123550HV0<br>LEI: 54930064OLVQO8IVR655 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $1974540.76   | 0.22%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Bernard OH                                                           | City of St. Bernard, Series 2013                                                                                       | CUSIP: 85233CAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3760000 | PA      | $3718979.90   | 0.41%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Russia Local School District                                                    | Russia Local School District, Series 2023                                                                              | CUSIP: 783068EC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1670093.02   | 0.18%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2020 A                                                                        | CUSIP: 67766WZD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6820000 | PA      | $6862695.93   | 0.75%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | California Municipal Finance Authority, Series 2022 A-1                                                                | CUSIP: 130483EV8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2346691.76   | 0.26%             | 2037-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Perry OH                                                              | County of Perry, Series 2023                                                                                           | CUSIP: 71459CBW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1416235.65   | 0.16%             | 2061-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2020 A                                                             | CUSIP: 67756DXM3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $980800.81    | 0.11%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2021 A                                                                        | CUSIP: 67766WE65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5598010.00   | 0.62%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bowling Green State University                                                  | Bowling Green State University, Series 2017 B                                                                          | CUSIP: 102885JS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1050790.24   | 0.12%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2022 A                                                                | CUSIP: 186103LS4<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9140175.00   | 1.00%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | Ohio Water Development Authority, Series 2019                                                                          | CUSIP: 67765QHM1<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5176137.00   | 0.57%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn City School District                                                   | Brooklyn City School District, Series 2017                                                                             | CUSIP: 114205FF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9040335.30   | 0.99%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bedford City School District                                                    | Bedford City School District, Series 2025                                                                              | CUSIP: 076365LZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2057666.80   | 0.23%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Warren OH                                                             | County of Warren, Series 2024                                                                                          | CUSIP: 93515PEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1878189.40   | 0.21%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Local School District                                              | Northeastern Local School District, Series 2018                                                                        | CUSIP: 664482GT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4190949.50   | 0.46%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grandview Heights City School District                                          | Grandview Heights City School District, Series 2025                                                                    | CUSIP: 386694FN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1266671.20   | 0.14%             | 2058-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Summit County Development Finance Authority                                     | Summit County Development Finance Authority, Series 2022                                                               | CUSIP: 86607DCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3585000 | PA      | $3040974.82   | 0.33%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2025 A                                                                            | CUSIP: 935163CK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $383016.63    | 0.04%             | 2040-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MD1<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16069.50     | 0.00%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Norwalk City School District                                                    | Norwalk City School District, Series 2025                                                                              | CUSIP: 669147FL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $553915.40    | 0.06%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2017 A-OH                                                                                   | CUSIP: 353202FP4<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |  11800000 | PA      | $11501723.14  | 1.26%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2017                                                               | CUSIP: 67756DPC4<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1256537.50   | 0.14%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2019 A                                                                                           | CUSIP: 677522J96<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6750060.20   | 0.74%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | City of Columbus, Series 2018 A                                                                                        | CUSIP: 199492WE5<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7317690.10   | 0.80%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mahoning OH                                                           | County of Mahoning, Series 1995                                                                                        | CUSIP: 560060ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602012.04    | 0.07%             | 2025-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Toledo Lucas County Public Library                                              | Toledo Lucas County Public Library, Series 2025 A                                                                      | CUSIP: 88928DAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5018981.00   | 0.55%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chillicothe OH                                                          | City of Chillicothe, Series 2017                                                                                       | CUSIP: 169203AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2051932.38   | 0.23%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anthony Wayne Local School District                                             | Anthony Wayne Local School District, Series 2017 A                                                                     | CUSIP: 037015LU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2840305.80   | 0.31%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2025 A                                                                                           | CUSIP: 677523LA8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2088950.40   | 0.23%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elyria City School District                                                     | Elyria City School District, Series 2017 A                                                                             | CUSIP: 290659KW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5539618.15   | 0.61%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Summit County Development Finance Authority                                     | Summit County Development Finance Authority, Series 2023                                                               | CUSIP: 86607JAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4774990.85   | 0.52%             | 2048-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                     | Ohio Housing Finance Agency, Series 2024 C                                                                             | CUSIP: 67756UBD9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7146989.25   | 0.79%             | 2054-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                     | Dayton City School District, Series 2014                                                                               | CUSIP: 239847HR0<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5568332.50   | 0.61%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                           | County of Hamilton, Series 2025 A                                                                                      | CUSIP: 4072722W2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3597082.65   | 0.40%             | 2051-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                         | County of Montgomery, Series 2019 A                                                                                    | CUSIP: 613520MH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4557871.00   | 0.50%             | 2039-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                | Port of Greater Cincinnati Development Authority, Series 2024 C                                                        | CUSIP: 734195FB1<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002701.30   | 0.11%             | 2063-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Public Power               | Cleveland Department of Public Utilities, Series B-2                                                                   | CUSIP: 186398HU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5211877.00   | 0.57%             | 2038-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2016 A                                                                          | CUSIP: 02765UKK9<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5007090.00   | 0.55%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2025 A-2                                                                              | CUSIP: 74441XJE0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   9545000 | PA      | $4178706.50   | 0.46%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toledo City School District                                                     | Toledo City School District, Series 2025                                                                               | CUSIP: 889294TC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6450000 | PA      | $6559346.21   | 0.72%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Port Authority                                                        | Lancaster Port Authority, Series 2024 A                                                                                | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3190312.50   | 0.35%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2017                                                               | CUSIP: 67756DPD2<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2498697.90   | 0.27%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cincinnati City School District                                                 | Cincinnati City School District, Series 2006                                                                           | CUSIP: 172252A99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8180000 | PA      | $8910125.53   | 0.98%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2020 D-1                                                                          | CUSIP: 935163BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1276551.54   | 0.14%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFP8<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    440000 | PA      | $461747.26    | 0.05%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                         | Capital Trust Authority, Series 2024                                                                                   | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10600000 | PA      | $8845572.80   | 0.97%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Butler County Port Authority                                                    | Butler County Port Authority, Series 2021 A                                                                            | CUSIP: 12355RAJ5<br>LEI: 549300LIKUQ3LQUKO260 | Long             | DBT              | MUN               | US        |    210000 | PA      | $192871.75    | 0.02%             | 2037-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | Ohio Water Development Authority, Series 2025 A                                                                        | CUSIP: 67765QRX6<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10472413.00  | 1.15%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2021 H                                                                            | CUSIP: 935163BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1082776.06   | 0.12%             | 2053-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                                        | University of Cincinnati, Series 2018 A                                                                                | CUSIP: 914119P55<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8501910.00   | 0.93%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | Ohio Turnpike & Infrastructure Commission, Series 2018 A                                                               | CUSIP: 67760HLZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2596565.37   | 0.29%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                            | City of Cleveland, Series 2020 A                                                                                       | CUSIP: 186343Z69<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $963661.21    | 0.11%             | 2036-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cuyahoga County Port Authority                                        | Cleveland-Cuyahoga County Port Authority, Series 2021                                                                  | CUSIP: 18610PBM9<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    700000 | PA      | $668129.00    | 0.07%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2021 A                                                                                           | CUSIP: 67756CFD5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5795000 | PA      | $4946409.18   | 0.54%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2022                                                                                        | CUSIP: 353180MA7<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5356.50      | 0.00%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Canal Winchester Local School District                                          | Canal Winchester Local School District, Series 2005                                                                    | CUSIP: 137087KB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1472495.80   | 0.16%             | 2033-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2017 A                                                                          | CUSIP: 02765UNH3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3596713.40   | 0.40%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DZU3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5360000 | PA      | $4179374.24   | 0.46%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wyoming City School District                                                    | Wyoming City School District, Series 2025                                                                              | CUSIP: 983442JK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3024100.80   | 0.33%             | 2061-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triway Local School District                                                    | Triway Local School District, Series 2021                                                                              | CUSIP: 896863AU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2113652.86   | 0.23%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indian Creek Local School District                                              | Indian Creek Local School District, Series 2018 A                                                                      | CUSIP: 454146DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2953871.70   | 0.32%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2025                                                               | CUSIP: 67756DY59<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4713273.50   | 0.52%             | 2057-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                               | Northeast Ohio Medical University, Series 2022                                                                         | CUSIP: 66433RCZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990718.00    | 0.11%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | State of Ohio, Series 2020                                                                                             | CUSIP: 67756CEY0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941029.40    | 0.10%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                    | Warren County Port Authority, Series 2025 C                                                                            | CUSIP: 935163CP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1061886.30   | 0.12%             | 2042-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                     | Ohio Higher Educational Facility Commission, Series 2022                                                               | CUSIP: 67756DJ72<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4927257.23   | 0.54%             | 2042-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | Ohio Water Development Authority, Series 2019 B                                                                        | CUSIP: 67766WYJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10114027.00  | 1.11%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | Ohio Turnpike & Infrastructure Commission, Series 2018 A                                                               | CUSIP: 67760HMB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13750000 | PA      | $13814538.38  | 1.52%             | 2046-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Marysville OH Wastewater Treatment System Revenue                       | City of Marysville, Series 2015                                                                                        | CUSIP: 57448REP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5035000 | PA      | $5035717.99   | 0.55%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                           | County of Hamilton, Series 2017 A                                                                                      | CUSIP: 407272V34<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4935803.00   | 0.54%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | County of Franklin, Series 2019 A                                                                                      | CUSIP: 353202FZ2<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   6030000 | PA      | $5085946.22   | 0.56%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | Public Finance Authority, Series 2024 A-2                                                                              | CUSIP: 74441XHX0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  21750000 | PA      | $12741935.18  | 1.40%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                  | American Municipal Power, Inc., Series 2019 A                                                                          | CUSIP: 02765MAW2<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3367366.68   | 0.37%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                            | Lake Houston Redevelopment Authority, Series 2021                                                                      | CUSIP: 51001QAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $239469.24    | 0.03%             | 2038-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer