# EDGAR Filing Document

**Accession Number:** 0000887340
**File Stem:** 0002071691-26-004672
**Filing Date:** 2026-2
**Character Count:** 68243
**Document Hash:** 1c0239a5de6ddbe4d5d1dc5abc7ddb2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-004672.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0002071691-26-004672

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW YORK LIFE INVESTMENTS VP FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000887340

**ORGANIZATION NAME:**
- **EIN:** 133186036
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03833-01
- **FILM NUMBER:** 26682332

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2125767000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY VP FUNDS TRUST
- **DATE OF NAME CHANGE:** 20110429

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY VP SERIES FUND INC
- **DATE OF NAME CHANGE:** 20010518

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW YORK LIFE MFA SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### NYLI VP MacKay U.S. Infrastructure Bond Portfolio (Series ID: S000009446)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000025822 | Initial Class |  |
| C000025823 | Service Class |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEW YORK LIFE INVESTMENTS VP FUNDS TRUST

- **b. Investment Company Act file number:** 811-03833-01

- **c. CIK number of Registrant:** 0000887340

- **d. LEI of Registrant:** 549300AG6K4RXYNOVN04

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-576-7000

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

- **a. Name of Series:** NYLI VP MacKay U.S. Infrastructure Bond Portfolio

- **b. EDGAR series identifier (if any):** S000009446

- **c. LEI of Series:** 5493007I229AFJKX0U56

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $237279125.94

**Total Liabilities:** $5816531.28

**Net Assets:** $231462594.66

**Cash Not Reported:** $2801853.53

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -1840.42000000 | **5-Year:** -46555.88000000 | **10-Year:** -76020.07000000 | **30-Year:** -31475.64000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -109.51000000 | **10-Year:** -1039.60000000 | **30-Year:** -596.72000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025822 | 0.77%                | 0.64%                | -0.27%               |
| Class ID C000025823 | 0.75%                | 0.62%                | -0.29%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $544839.01               | $427463.18                                 |
| Month 2  | $189854.89               | $499810.53                                 |
| Month 3  | $154898.92               | $-1698583.95                               |

**Designated Index Information**

- **Index Name:** NYLI VP MACKAY GOVERNMENT EX DERIV BENCH

- **Index Identifier:** 74200020500_EX_DERIV_BENCH

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alameda Corridor Transportation Authority                   | Alameda Corridor Transportation Authority, Series C                         | CUSIP: 010869CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2082446.10   | 0.90%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                   | Alameda Corridor Transportation Authority, Series B                         | CUSIP: 010869JB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $770961.80    | 0.33%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                   | Alameda Corridor Transportation Authority, Series B                         | CUSIP: 010869LP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $735536.60    | 0.32%             | 2032-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                  | Antelope Valley Community College District                                  | CUSIP: 03667PHP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1692250.60   | 0.73%             | 2034-08-01      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Airport Customer Facility Charge            | City of Atlanta, Series A                                                   | CUSIP: 047773AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1159821.45   | 0.50%             | 2034-07-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| City of Boise City Airport                                  | City of Boise City                                                          | CUSIP: 097428FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066603.20   | 0.46%             | 2032-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority             | California Community Choice Financing Authority, Series B                   | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085709.00   | 0.90%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank       | California Infrastructure & Economic Development Bank                       | CUSIP: 13034AE48<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    500000 | PA      | $409067.40    | 0.18%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                         | California Public Finance Authority, Series B                               | CUSIP: 13057EJM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $964460.50    | 0.42%             | 2034-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| State of California                                         | State of California                                                         | CUSIP: 13063A5G5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   3440000 | PA      | $4179132.85   | 1.81%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| State of California                                         | State of California                                                         | CUSIP: 13063BJC7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1531763.00   | 0.66%             | 2040-11-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| State of California                                         | State of California                                                         | CUSIP: 13063EBQ8<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524511.40    | 0.23%             | 2034-09-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| California State University                                 | California State University, Series B                                       | CUSIP: 13077DWV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1120462.07   | 0.48%             | 2037-11-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Chapman University                                          | Chapman University, Series 2021                                             | CUSIP: 15953PAD1<br>LEI: 549300TAU69ZJZ8QBL34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $922604.38    | 0.40%             | 2029-04-01      | Fixed         | 1.87%                 | No            |                  2 | On Loan: No      |
| City of Charlotte                                           | City of Charlotte                                                           | CUSIP: 1610376E1<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2185018.50   | 0.94%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                        | Chicago O'Hare International Airport, Series D                              | CUSIP: 167593T44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3785000 | PA      | $3564492.71   | 1.54%             | 2030-01-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                      | Colorado Housing and Finance Authority, Series O-1                          | CUSIP: 19648G2W1<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054064.80   | 0.46%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                      | Colorado Housing and Finance Authority, Series E-1                          | CUSIP: 19648GMY5<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1956961.37   | 0.85%             | 2049-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                      | Colorado Housing and Finance Authority, Series D-1, Class I                 | CUSIP: 19648GWC2<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1037884.58   | 0.45%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Columbus                                            | City of Columbus, Series C                                                  | CUSIP: 1994925T2<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041347.90   | 0.45%             | 2032-08-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                     | Columbus Metropolitan Housing Authority                                     | CUSIP: 19951AAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020026.80   | 0.44%             | 2028-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                         | CommonSpirit Health                                                         | CUSIP: 20268JBE2<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4945983.20   | 2.14%             | 2035-09-01      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                            | Commonwealth Financing Authority, Series C                                  | CUSIP: 20281PMT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1394815.66   | 0.60%             | 2034-06-01      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                        | State of Connecticut, Series A                                              | CUSIP: 20772KTQ2<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537660.95   | 0.66%             | 2033-05-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                        | State of Connecticut, Series A                                              | CUSIP: 20772KXL8<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075255.00   | 0.90%             | 2033-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                       | Connecticut Housing Finance Authority, Series A-2                           | CUSIP: 20775H5P4<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1528804.22   | 0.66%             | 2055-05-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                       | Connecticut Housing Finance Authority, Series E-2                           | CUSIP: 20775JFL8<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109725.40   | 0.91%             | 2055-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                          | Denton Independent School District, Series A                                | CUSIP: 249002HU3<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1514125.54   | 0.65%             | 2032-08-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax                             | District of Columbia Income Tax, Series B                                   | CUSIP: 25477GXH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032196.20   | 0.45%             | 2034-06-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                        | District of Columbia, Series B                                              | CUSIP: 25483VC85<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1744771.65   | 0.75%             | 2035-10-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                        | District of Columbia, Series B                                              | CUSIP: 25484JDK3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067461.90   | 0.46%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management                          | Dreyfus Government Cash Management - Institutional Shares, Class I          | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |     43838 | NS      | $43838.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Evansville Waterworks District                              | Evansville Waterworks District                                              | CUSIP: 299488FV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2180128.32   | 0.94%             | 2032-01-01      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| Georgia Higher Education Facilities Authority               | Georgia Higher Education Facilities Authority, Series A                     | CUSIP: 373511KG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2259850.05   | 0.98%             | 2032-01-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Georgia Higher Education Facilities Authority               | Georgia Higher Education Facilities Authority, Series A                     | CUSIP: 373511KK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2425976.40   | 1.05%             | 2035-01-01      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Georgia Higher Education Facilities Authority               | Georgia Higher Education Facilities Authority, Series A                     | CUSIP: 373511KP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010650.90   | 0.44%             | 2039-01-01      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                             | State of Hawaii, Series GE                                                  | CUSIP: 419792E93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $807579.60    | 0.35%             | 2038-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                             | State of Hawaii, Series GN                                                  | CUSIP: 419792Q74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014026.00   | 0.44%             | 2037-10-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                             | State of Hawaii, Series FZ                                                  | CUSIP: 419792YX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3854477.25   | 1.67%             | 2032-08-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                             | State of Hawaii, Series FZ                                                  | CUSIP: 419792ZD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $758953.20    | 0.33%             | 2038-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| City of Houston                                             | City of Houston, Series E                                                   | CUSIP: 44244CTQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990507.60   | 0.86%             | 2031-11-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                         | Idaho Housing & Finance Association, Series B                               | CUSIP: 45129Y5Q5<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1030979.33   | 0.45%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                         | Idaho Housing & Finance Association, Series A                               | CUSIP: 45129Y7Z3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2089963.80   | 0.90%             | 2065-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                         | Idaho Housing & Finance Association, Series D                               | CUSIP: 45130BDM2<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1342113.14   | 0.58%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                         | Idaho Housing & Finance Association, Series E                               | CUSIP: 45130BEQ2<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1609386.15   | 0.70%             | 2056-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                      | Illinois Housing Development Authority, Series F                            | CUSIP: 45203ME56<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049305.20   | 0.45%             | 2054-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                      | Illinois Housing Development Authority, Series B                            | CUSIP: 45203MM57<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015884.70   | 0.44%             | 2034-10-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                      | Illinois Housing Development Authority, Series B                            | CUSIP: 45203MM73<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016502.50   | 0.44%             | 2035-10-01      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                           | State of Illinois, Series 3                                                 | CUSIP: 452152FA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2692308 | PA      | $2853455.50   | 1.23%             | 2035-04-01      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                           | State of Illinois, Series A                                                 | CUSIP: 452153JC4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4176509.20   | 1.80%             | 2031-05-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                           | State of Illinois                                                           | CUSIP: 452227JN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1289957.25   | 0.56%             | 2038-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                      | Iowa Finance Authority, Series F                                            | CUSIP: 46247EKF1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056580.40   | 0.46%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                           | Iowa Student Loan Liquidity Corp., Series A                                 | CUSIP: 462590NZ9<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003705.10   | 0.43%             | 2034-12-01      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                           | Iowa Student Loan Liquidity Corp., Series A                                 | CUSIP: 462590PL8<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013947.40   | 0.44%             | 2035-12-01      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                           | Iowa Student Loan Liquidity Corp., Series A                                 | CUSIP: 462590PM6<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    885000 | PA      | $899495.33    | 0.39%             | 2045-12-01      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                    | JobsOhio Beverage System, Series B                                          | CUSIP: 47770VCU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2049094.32   | 0.89%             | 2029-01-01      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                    | JobsOhio Beverage System, Series B                                          | CUSIP: 47770VCV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $276909.24    | 0.12%             | 2035-01-01      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Keller Independent School District/TX                       | Keller Independent School District                                          | CUSIP: 487694VC2<br>LEI: 549300BS0JDJPR8KUN68 | Long             | DBT              | MUN               | US        |    240000 | PA      | $249633.19    | 0.11%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Keller Independent School District/TX                       | Keller Independent School District                                          | CUSIP: 487694VD0<br>LEI: 549300BS0JDJPR8KUN68 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1627401.67   | 0.70%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Higher Education Student Loan Corp.                | Kentucky Higher Education Student Loan Corp., Series A-2                    | CUSIP: 49130NHA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2084241.00   | 0.90%             | 2040-06-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| County of King                                              | County of King, Series C                                                    | CUSIP: 49474FG61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2604767.70   | 1.13%             | 2033-12-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Lifespan Corp.                                              | Lifespan Corp., Series 2025                                                 | CUSIP: 53229UAA5<br>LEI: I9TGZUV477HZIKUP0045 | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1653228.14   | 0.71%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                         | City of Los Angeles, Series B                                               | CUSIP: 53945CLS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054404.80   | 0.46%             | 2034-06-01      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                         | City of Los Angeles, Series A                                               | CUSIP: 544351PX1<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $879528.60    | 0.38%             | 2032-09-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                         | City of Los Angeles, Series A                                               | CUSIP: 544351RS0<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081214.50   | 0.47%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                      | Los Angeles Unified School District, Series A                               | CUSIP: 544647LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $778789.95    | 0.34%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority         | Los Angeles County Public Works Financing Authority, Series B               | CUSIP: 54473ENS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $594724.95    | 0.26%             | 2040-08-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Louisiana Energy & Power Authority                          | Louisiana Energy & Power Authority, Series A                                | CUSIP: 546462EP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $934153.62    | 0.40%             | 2032-06-01      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Main Street Energy, Inc.                                    | Main Street Energy, Inc., Series D                                          | CUSIP: 560354AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2129133.40   | 0.92%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marshfield Clinic Health System, Inc.                       | Marshfield Clinic Health System, Inc., Series 2024                          | CUSIP: 57284PAD3<br>LEI: 2549003O8PPHLLPAKT93 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1539652.10   | 0.67%             | 2034-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                  | Maryland Stadium Authority                                                  | CUSIP: 574296FK0<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1566481.03   | 0.68%             | 2033-06-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                  | Maryland Stadium Authority                                                  | CUSIP: 574296FL8<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2791819.84   | 1.21%             | 2034-06-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority               | Massachusetts Educational Financing Authority, Series A                     | CUSIP: 57563RTM1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2228275.67   | 0.96%             | 2044-07-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority               | Massachusetts Educational Financing Authority, Series A                     | CUSIP: 57563RUF4<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4589834.40   | 1.98%             | 2050-07-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                               | Commonwealth of Massachusetts, Series E                                     | CUSIP: 57582RL61<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1681227.07   | 0.73%             | 2031-11-01      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                               | Commonwealth of Massachusetts, Series D                                     | CUSIP: 57582RYN0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2897261 | PA      | $2449042.25   | 1.06%             | 2039-09-01      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                    | Massachusetts Development Finance Agency, Series G                          | CUSIP: 57585BQU5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1120302.02   | 0.48%             | 2030-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                               | Commonwealth of Massachusetts, Series A                                     | CUSIP: 576004HE8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2997468.00   | 1.30%             | 2029-07-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Metro Water Recovery                                        | Metro Water Recovery, Series B                                              | CUSIP: 59164GEV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1391219.40   | 0.60%             | 2032-04-01      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                       | Metropolitan Transportation Authority, Series C                             | CUSIP: 59259NZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1176954.40   | 0.51%             | 2039-11-15      | Fixed         | 7.34%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                            | Minnesota Housing Finance Agency, Series A                                  | CUSIP: 60416QJA3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    701234 | PA      | $534465.69    | 0.23%             | 2051-02-01      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                            | Minnesota Housing Finance Agency, Series J                                  | CUSIP: 60416UDL6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1036512.19   | 0.45%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                            | Minnesota Housing Finance Agency, Series A                                  | CUSIP: 60416UQK4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1030122.69   | 0.45%             | 2055-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                        | State of Mississippi, Series A                                              | CUSIP: 605581NH6<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2164659.00   | 0.94%             | 2032-11-01      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                     | Missouri Housing Development Commission, Series G                           | CUSIP: 60637GNL9<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    400000 | PA      | $419946.88    | 0.18%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                    | New Hampshire Business Finance Authority, Series A                          | CUSIP: 63610HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1586216.85   | 0.69%             | 2034-04-01      | Fixed         | 6.89%                 | Yes           |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act | New Hampshire Health and Education Facilities Authority Act, Series A       | CUSIP: 64461XKB0<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006853.80   | 0.43%             | 2034-11-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                   | New Jersey Economic Development Authority, Series NNN                       | CUSIP: 64577B8H0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2455822.75   | 1.06%             | 2031-06-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| City of New York                                            | City of New York, Series D                                                  | CUSIP: 64966SFB7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3544443.60   | 1.53%             | 2031-08-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| City of New York                                            | City of New York, Series H                                                  | CUSIP: 64966SNE2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527393.00    | 0.23%             | 2038-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                     | New York City Housing Development Corp., Class A                            | CUSIP: 64966TGS7<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3070264.20   | 1.33%             | 2031-12-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                     | New York City Housing Development Corp., Class B                            | CUSIP: 64966TGT5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025905.90   | 0.44%             | 2031-12-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                     | New York City Housing Development Corp., Class B                            | CUSIP: 64966TGT5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025905.90   | 0.44%             | 2031-12-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                | New York City Transitional Finance Authority Future Tax Secured, Series D-3 | CUSIP: 64971XUX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3520350.80   | 1.52%             | 2032-11-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                | New York City Transitional Finance Authority, Series G-2                    | CUSIP: 64972JHA9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031634.30   | 0.45%             | 2032-05-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                | New York City Transitional Finance Authority, Series G-3                    | CUSIP: 64972JHC5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1545399.60   | 0.67%             | 2034-05-01      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                          | New York State Dormitory Authority, Series B                                | CUSIP: 64985SFE8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3120323.40   | 1.35%             | 2035-07-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                          | New York State Dormitory Authority, Series B                                | CUSIP: 64985SNJ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533637.20   | 0.66%             | 2032-07-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency Homeowner Mortgage        | State of New York Mortgage Agency Homeowner Mortgage, Series 268            | CUSIP: 64988YJ99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056169.40   | 0.46%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                    | New York Power Authority, Series A                                          | CUSIP: 64989KFD3<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2278855.18   | 0.98%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                          | New York State Dormitory Authority, Series C                                | CUSIP: 64990FE42<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2219736.31   | 0.96%             | 2034-03-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Regional Sewer District                      | Northeast Ohio Regional Sewer District                                      | CUSIP: 663903KC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $953192.34    | 0.41%             | 2031-11-15      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| Northern California Power Agency                            | Northern California Power Agency, Series B                                  | CUSIP: 664845DQ4<br>LEI: 549300QYTU4PHD2XHS96 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1114335.80   | 0.48%             | 2040-06-01      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                       | Northwest Independent School District, Series A                             | CUSIP: 667826AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2618566.70   | 1.13%             | 2031-02-15      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp.                                      | Oglethorpe Power Corp.                                                      | CUSIP: 67704LAA9<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044820.50   | 0.45%             | 2035-01-01      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                 | Ohio Housing Finance Agency, Series E                                       | CUSIP: 67756UHD3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079261.30   | 0.47%             | 2056-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                        | Oregon State Lottery, Series B                                              | CUSIP: 68607V5U5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2094856.40   | 0.91%             | 2034-04-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                        | Oregon State Lottery, Series B                                              | CUSIP: 68607V7D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3224040.61   | 1.39%             | 2035-04-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                             | State of Oregon, Series B                                                   | CUSIP: 68609UNN1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061467.60   | 0.46%             | 2035-05-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                             | State of Oregon, Series B                                                   | CUSIP: 68609UNP6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067149.00   | 0.46%             | 2036-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                             | State of Oregon, Series B                                                   | CUSIP: 68609UNQ4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068585.70   | 0.46%             | 2037-05-01      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Palomar Community College District                          | Palomar Community College District                                          | CUSIP: 697511GB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2145000 | PA      | $1846169.11   | 0.80%             | 2033-08-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority        | Pennsylvania Higher Educational Facilities Authority, Series C              | CUSIP: 70917TSP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033238.70   | 0.45%             | 2037-11-01      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia                                        | City of Philadelphia, Series B                                              | CUSIP: 717813E21<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038843.70   | 0.45%             | 2031-08-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                     | City of Phoenix Civic Improvement Corp., Series C                           | CUSIP: 71883RRU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2547408.38   | 1.10%             | 2030-07-01      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Port of Morrow                                              | Port of Morrow, Series 1                                                    | CUSIP: 73474TAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $866584.30    | 0.37%             | 2036-09-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                         | Rhode Island Student Loan Authority, Series 1                               | CUSIP: 762323DU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $971229.08    | 0.42%             | 2044-12-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Rutgers The State University of New Jersey                  | Rutgers The State University of New Jersey, Series S                        | CUSIP: 783186UR8<br>LEI: 549300BOYDHNW8J60112 | Long             | DBT              | MUN               | US        |   2510000 | PA      | $2145819.83   | 0.93%             | 2033-05-01      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                              | Sales Tax Securitization Corp., Series B                                    | CUSIP: 79467BDH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3599469.60   | 1.56%             | 2034-01-01      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                              | Sales Tax Securitization Corp., Series B                                    | CUSIP: 79467BGA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029425.20   | 0.44%             | 2031-01-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City                                      | City of Salt Lake City, Series B                                            | CUSIP: 79560TEC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935279.70    | 0.40%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                        | San Diego Community College District, Series A-2                            | CUSIP: 797272TK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080037.10   | 0.47%             | 2030-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Diego County Water Authority                            | San Diego County Water Authority, Series A                                  | CUSIP: 797412DS9<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1819086.20   | 0.79%             | 2030-05-01      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| City of San Francisco Public Utilities Commission Water     | City of San Francisco, Series A                                             | CUSIP: 79771FFJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $1928456.42   | 0.83%             | 2031-11-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                     | South Carolina Public Service Authority, Series C                           | CUSIP: 8371513C1<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1307672.93   | 0.56%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                     | South Carolina Public Service Authority, Series C                           | CUSIP: 8371516W4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032137.40   | 0.45%             | 2032-12-01      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| South Carolina Student Loan Corp.                           | South Carolina Student Loan Corp., Series A                                 | CUSIP: 83715ABA6<br>LEI: 549300PIO3ZMSROGFF38 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1094524.54   | 0.47%             | 2046-12-01      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Southeast Alaska Regional Health Consortium                 | Southeast Alaska Regional Health Consortium                                 | CUSIP: 84132GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1055000 | PA      | $903438.18    | 0.39%             | 2031-07-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District               | Sumter Landing Community Development District                               | CUSIP: 86657MBK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $904785.00    | 0.39%             | 2047-10-01      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District               | Sumter Landing Community Development District                               | CUSIP: 86657MCC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1448764.42   | 0.63%             | 2031-10-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Sutter Health                                               | Sutter Health, Series 2025                                                  | CUSIP: 86944BAP8<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |    750000 | PA      | $776687.63    | 0.34%             | 2032-08-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Sutter Health                                               | Sutter Health, Series 2025                                                  | CUSIP: 86944BAQ6<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1043741.36   | 0.45%             | 2035-08-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.  | Tarrant County Cultural Education Facilities Finance Corp.                  | CUSIP: 87638QRG6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $862574.50    | 0.37%             | 2035-09-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Texas Natural Gas Securitization Finance Corp.              | Texas Natural Gas Securitization Finance Corp., Series A-1                  | CUSIP: 88258MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4705668 | PA      | $4832664.70   | 2.09%             | 2035-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| State of Texas                                              | State of Texas                                                              | CUSIP: 8827244B0<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2064015.20   | 0.89%             | 2037-10-01      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| State of Texas                                              | State of Texas, Series F                                                    | CUSIP: 882725CE2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2139907.35   | 0.92%             | 2034-08-01      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                       | Toll Road Investors Partnership II LP                                       | CUSIP: 88948ABR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $753702.50    | 0.33%             | 2039-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                       | Toll Road Investors Partnership II LP                                       | CUSIP: 88948ACC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $306976.24    | 0.13%             | 2049-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                        | Triborough Bridge & Tunnel Authority, Series B                              | CUSIP: 89602NUN2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029928.00   | 0.44%             | 2039-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United Nations Development Corp.                            | United Nations Development Corp., Series A                                  | CUSIP: 911157MA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1581845.32   | 0.68%             | 2036-08-01      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| University of California                                    | University of California, Series BG                                         | CUSIP: 91412HGG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3862818.63   | 1.67%             | 2030-05-15      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                          | Utah Housing Corp., Series D                                                | CUSIP: 917437TY1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1061860.82   | 0.46%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                          | Utah Housing Corp., Series I                                                | CUSIP: 917437XQ3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078275.60   | 0.47%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                      | Utah Transit Authority                                                      | CUSIP: 917567FN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $906644.80    | 0.39%             | 2030-12-15      | Fixed         | 1.78%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Water & Power Authority                      | Virgin Islands Water & Power Authority, Series C                            | CUSIP: 927688FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   1000000 | PA      | $1086382.30   | 0.47%             | 2035-07-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| William S Hart Union High School District                   | William S Hart Union High School District                                   | CUSIP: 969268DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $761452.50    | 0.33%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                         | U.S. Treasury 10 Year Ultra Bonds                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -61 | NC      | $77719.06     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** NEW YORK LIFE INVESTMENTS VP FUNDS TRUST

**Signature:** Jack Benintende

**Name of Signer:** Jack Benintende

**Title:** Treasurer