# EDGAR Filing Document

**Accession Number:** 0001485894
**File Stem:** 0002071691-26-009324
**Filing Date:** 2026-4
**Character Count:** 107786
**Document Hash:** 67ab60ef67b7e6a925f3515d6f680196
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-009324.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0002071691-26-009324

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** J.P. Morgan Exchange-Traded Fund Trust
- **CENTRAL INDEX KEY:** 0001485894

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22903
- **FILM NUMBER:** 26912567

**BUSINESS ADDRESS:**
- **STREET 1:** 390 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (800) 480-4111

**MAIL ADDRESS:**
- **STREET 1:** 390 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Series and Classes Contracts Data

### JPMorgan High Yield Municipal ETF (Series ID: S000079813)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000241196 | JPMorgan High Yield Municipal ETF | JMHI            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** J.P. Morgan Exchange-Traded Fund Trust

- **b. Investment Company Act file number:** 811-22903

- **c. CIK number of Registrant:** 0001485894

- **d. LEI of Registrant:** 5493001E1K1DVWDV2464

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

  - **Street Address 1:** 390 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 844-457-6383

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

- **a. Name of Series:** JPMorgan High Yield Municipal ETF

- **b. EDGAR series identifier (if any):** S000079813

- **c. LEI of Series:** 54930002QBQKE6982F34

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $262897289.14

**Total Liabilities:** $5384995.01

**Net Assets:** $257512294.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 327.10900000 | **1-Year:** 5586.09750000 | **5-Year:** 30087.27154000 | **10-Year:** 62830.28965000 | **30-Year:** 11210.89662000

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

- **3-Month:** 613.61370000 | **1-Year:** 4896.89522000 | **5-Year:** 7716.35165000 | **10-Year:** 25052.49402000 | **30-Year:** 38015.75869000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241196 | -0.19%               | 0.76%                | 1.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-44167.46               | $-1271446.02                               |
| Month 2  | $-340775.66              | $1348785.99                                |
| Month 3  | $-94760.01               | $2162077.50                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alachua County Health Facilities Authority                                | Alachua County Health Facilities Authority, Continuing Care Retirement Oak Hammock at The university of Florida, Inc., Series 2025B-1     | CUSIP: 010684BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $737595.06    | 0.29%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage AK                                              | Municipality of Anchorage, Series 2024A                                                                                                   | CUSIP: 033252CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1376520.45   | 0.53%             | 2060-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                  | Arizona Industrial Development Authority, KIPP NYC Public Charter Schools Jerome Facility Project, Series 2021B                           | CUSIP: 04052BQU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946210.20    | 0.37%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                  | Arizona Industrial Development Authority, Great Lakes Senior Living Communities LLC Project, Series 2025A-2                               | CUSIP: 04052TDC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938901.80    | 0.36%             | 2059-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                    | Arkansas Development Finance Authority, Industrial Development , Hybar Steel Project, Series 2023B                                        | CUSIP: 04108WCF7<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1087173.20   | 0.42%             | 2048-07-01      | Fixed         | 7.37%                 | Yes           |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                  | Arlington Higher Education Finance Corp., Basis Texas Charter Schools, Inc.                                                               | CUSIP: 041807PU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033734.20   | 0.40%             | 2045-06-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                           | Baldwin County Industrial Development Authority, Novelis Corp., Project, Series 2025A                                                     | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1250000 | PA      | $1308361.63   | 0.51%             | 2055-06-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | Black Belt Energy Gas District, Gas Project, Series 2021A                                                                                 | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3131184.90   | 1.22%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | Black Belt Energy Gas District, Gas Project, Series 2023D-1                                                                               | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2175491.52   | 0.84%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | Black Belt Energy Gas District, Gas Project, Series 2024D                                                                                 | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2206262.80   | 0.86%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | Black Belt Energy Gas District, Gas Project, Series 2025E                                                                                 | CUSIP: 09182TGC5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1119494.35   | 0.43%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | Black Belt Energy Gas District, Gas Supply, Series 2026B                                                                                  | CUSIP: 09182THB6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $552114.45    | 0.21%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | Black Belt Energy Gas District, Gas Project, Series 2026E                                                                                 | CUSIP: 09182THJ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084209.10   | 0.42%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bradburn Metropolitan District No. 2                                      | Bradburn Metropolitan District No. 2, Limited Tax, Series 2018A                                                                           | CUSIP: 103844AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506477.50    | 0.20%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bradburn Metropolitan District No. 2                                      | Bradburn Metropolitan District No. 2, Limited Tax, Series 2018B                                                                           | CUSIP: 103844AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500839.40    | 0.19%             | 2047-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Brookhaven Development Authority                                          | Brookhaven Development Authority, Children's Healthcare of Atlan, Series 2019A                                                            | CUSIP: 113073AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937520.00    | 0.36%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                            | Buckeye Tobacco Settlement Financing Authority, Series 2020A-2, Class 1                                                                   | CUSIP: 118217CU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1164297.63   | 0.45%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                            | Buckeye Tobacco Settlement Financing Authority, Series 2020B-2, Class 2                                                                   | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2889999.00   | 1.12%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                            | Buckeye Tobacco Settlement Financing Authority, Series 2020B-3, Class 2                                                                   | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $775985.00    | 0.30%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Fort Erie Public Bridge Authority                               | Buffalo and Fort Erie Public Bridge Authority, Series 2017                                                                                | CUSIP: 119427BV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007177.00   | 0.39%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                  | Build NYC Resource Corp., The Young Men's and Women's Hebrew Association Project, Series 2024                                             | CUSIP: 12008EVX1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2088233.40   | 0.81%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                  | Build NYC Resource Corp., Urban Resource Institute Project, Series 2025A                                                                  | CUSIP: 12008EWQ5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    750000 | PA      | $795597.83    | 0.31%             | 2056-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                  | Build NYC Resource Corp., ERE425 LLC ZETA Charter Schools, Inc., Project, Series 2025A                                                    | CUSIP: 12008EWU6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1155897.32   | 0.45%             | 2045-10-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| California Community Choice Financing Authority                           | California Community Choice Financing Authority, Clean Energy Project, Series 2023B-1                                                     | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1361159.42   | 0.53%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                           | California Community Choice Financing Authority, Clean Energy Project, Series 2025E                                                       | CUSIP: 13013JHG4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1679910.45   | 0.65%             | 2056-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                           | California Community Choice Financing Authority, Clean Energy Project, Series 2026B                                                       | CUSIP: 13013JHM1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2582704.42   | 1.00%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                           | California County Tobacco Securitization Agency, Los Angeles County Securitization Corp., Series 2020B-2                                  | CUSIP: 13016NFC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $872120.25    | 0.34%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                          | California Health Facilities Financing Authority, Sutter Health, Series 2017A                                                             | CUSIP: 13032UNX2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916422.30    | 0.36%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                    | California Municipal Finance Authority, Linxs Apartments Project, Senior Lien, Series 2018A                                               | CUSIP: 13048VCD8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005188.90   | 0.39%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                    | California Municipal Finance Authority, Series 2026A-1, Class 1                                                                           | CUSIP: 13050WAG6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011167.60   | 0.39%             | 2041-07-20      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| California School Facilities Financing Authority                          | California School Facilities Financing Authority, Capital Appreciation, Azusa Unified School District, Series 2009A                       | CUSIP: 13058RAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $179612.84    | 0.07%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                    | California Statewide Communities Development Authority, Loma Linda University Medical Center, Series 2016A                                | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001023.20   | 0.78%             | 2056-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                     | Capital Projects Finance Authority, Student Housing, Program Unionwest Properties LLC Project, Series 2024A-1                             | CUSIP: 140427CP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938152.10    | 0.36%             | 2049-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| County of Carroll KY                                                      | County of Carroll, Kentucky Environmental Facilities, Series 2008A                                                                        | CUSIP: 14483RAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1357404.15   | 0.53%             | 2032-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                             | Central Plains Energy Project, Gas Project No. 4, Series 2023A-1                                                                          | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069747.00   | 0.42%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                        | City of Chicago, Series 2025A                                                                                                             | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052206.10   | 0.41%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                      | Chicago O'Hare International Airport, Senior Lien, Series 2024A                                                                           | CUSIP: 1675934M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2372089.41   | 0.92%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                         | Chicago Transit Authority Sales Tax Receipts Fund, Series 2024A                                                                           | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031197.30   | 0.40%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                     | City of Chicago, Waterworks, Second Lien, Series 2001                                                                                     | CUSIP: 167736SJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $911039.71    | 0.35%             | 2030-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                                                     | Children's Trust Fund, Tobacco Settlement Asset-Backed, Series 2005A                                                                      | CUSIP: 16876QBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2200000 | PA      | $462356.62    | 0.18%             | 2050-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum & Exhibit Hall Authority                           | Cobb-Marietta Coliseum and Exhibit Hall Authority, Galleria Center Project                                                                | CUSIP: 190760JQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091996.60   | 0.42%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                      | Colorado Health Facilities Authority, Series 2025A                                                                                        | CUSIP: 19648FA87<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513582.85    | 0.20%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                    | Colorado Housing and Finance Authority, Single Family Mortgage, Series 2023L, Class III                                                   | CUSIP: 19648GAV4<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    790000 | PA      | $854933.73    | 0.33%             | 2053-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Columbia County Hospital Authority/GA                                     | Columbia County Hospital Authority, Wellstart Health System Inc., Project, Series 2023A                                                   | CUSIP: 197479AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050135.10   | 0.41%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority               | Connecticut State Health and Educational Facilities Authority, Hartford Healthcare Issue, Series 2026A                                    | CUSIP: 20775DN81<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100858.10   | 0.43%             | 2051-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                         | City and County of Denver, Airport System, Series 2018A                                                                                   | CUSIP: 249182LN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487385.00    | 0.19%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                        | Denver Health and Hospital Authority, Series 2025A                                                                                        | CUSIP: 24918EEP1<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077243.40   | 0.42%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                        | City of Detroit, Unlimited Tax, Series 2020                                                                                               | CUSIP: 2510934Q0<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2535493.96   | 0.98%             | 2050-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                         | State of Nevada Department of Business and Industry, Brighline West Passenger Rail Project, Series 2025B                                  | CUSIP: 25457VBV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3890000 | PA      | $2100600.00   | 0.82%             | 2065-01-01      | Variable      | 12.00%                | Yes           |                  2 | On Loan: No      |
| District of Columbia                                                      | District of Columbia, Georgetown University Issue, Series 2025A                                                                           | CUSIP: 25484JDJ6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1155598.20   | 0.45%             | 2060-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Dominion Water & Sanitation District                                      | Dominion Water and Sanitation District                                                                                                    | CUSIP: 25755AAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $537151.80    | 0.21%             | 2032-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                     | City of Farmington, San Juan Project, Series 2010E                                                                                        | CUSIP: 311450GF1<br>LEI: 5493000GWMTI2L4AZA61 | Long             | STIV             | MUN               | US        |   1020000 | PA      | $1049022.47   | 0.41%             | 2040-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily VRD Certificates                                        | FHLMC Multifamily VRD Certificates, Series ML-3                                                                                           | CUSIP: 31350AEA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067680.10   | 0.41%             | 2040-10-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                         | Florida Development Finance Corp., Brightline Florida Passenger Rail Project                                                              | CUSIP: 340618DT1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $372500.00    | 0.14%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                         | Florida Development Finance Corp., Brightline Florida Passenger Rail Project                                                              | CUSIP: 340618DU8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $372500.00    | 0.14%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                         | Florida Development Finance Corp., GFL Solid Waste Southeast LLC Project, Series 2024A                                                    | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1015146.70   | 0.39%             | 2054-10-01      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                               | Florida Local Government Finance Commission, Bridgeprep Academy Project, Series 2025A                                                     | CUSIP: 34077EAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032137.80   | 0.40%             | 2055-06-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                               | Florida Local Government Finance Commission, The Sanctuary at Village on The Isle Project, Series 2025A                                   | CUSIP: 34077KAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520165.35    | 0.20%             | 2030-12-22      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                               | Florida Local Government Finance Commission, Fleet Landing at Nocatee Project, Series 2025A                                               | CUSIP: 34077UAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052147.70   | 0.41%             | 2055-11-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| County of Fort Bend TX Toll Road Revenue                                  | County of Fort Bend Toll Road, Senior Lien                                                                                                | CUSIP: 346817FT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067270.30   | 0.41%             | 2050-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                     | County of Franklin, Health Care Facilities, Ohio Living Communities, Series 2020B                                                         | CUSIP: 353180KV3<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002617.20   | 0.39%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Gallatin MT                                                     | County of Gallatin, Bozeman Fiber Project, Series 2021A                                                                                   | CUSIP: 363671BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $843817.70    | 0.33%             | 2036-10-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Geisinger Authority                                                       | Geisinger Authority, Health System, Series 2020A                                                                                          | CUSIP: 368497JU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016440.90   | 0.39%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                               | George L Smith II Congress Center Authority, Convention Center Hotel First, Series 2021A                                                  | CUSIP: 37255MAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $863162.30    | 0.34%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                 | Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series 2021B-2                                                    | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $2665387.50   | 1.04%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                 | Golden State Tobacco Securitization Corp., Tobacco Settlement Asset-Backed Bonds, Series 2022A-1                                          | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994371.70    | 0.39%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Goshen IN                                                         | City of Goshen, Multi-Family, Green Oaks of Goshen Project, Series 2021A                                                                  | CUSIP: 38327MAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $901628.80    | 0.35%             | 2041-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| County of Hamilton OH                                                     | County of Hamilton, Life Enriching Communities Project                                                                                    | CUSIP: 40727RDJ4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540011.45   | 0.60%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                 | City of Houston Airport System, United Airlines, Inc., Terminal Improvement Projects, Series 2024B                                        | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107783.10   | 0.43%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                 | City of Houston Airport System, United Airlines, Inc., Terminal Improvement Projects, Series 2025B                                        | CUSIP: 442349KK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1906690.45   | 0.74%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                    | Illinois Housing Development Authority, Series 2025A                                                                                      | CUSIP: 45203MK34<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1138921.54   | 0.44%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                | Illinois Finance Authority, Centerpointjoliet Terminal, Series 2020                                                                       | CUSIP: 45203PAB0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1015286.90   | 0.39%             | 2050-12-01      | Variable      | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                                | Illinois Finance Authority, The Moorings of Arlington Heights, Series 2025A                                                               | CUSIP: 45204FT70<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512147.80    | 0.20%             | 2046-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                | Illinois Finance Authority, Navy Pier, Inc., Series 2024B                                                                                 | CUSIP: 45204FYV1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968013.30    | 0.38%             | 2049-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| State of Illinois                                                         | State of Illinois, Series 2019C                                                                                                           | CUSIP: 4521525X5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1444523.55   | 0.56%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                         | State of Illinois, Series 2023B                                                                                                           | CUSIP: 452153FL8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2567564.81   | 1.00%             | 2047-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                         | Indiana Housing and Community Development Authority, Vita of Marion Project, Series 2021A                                                 | CUSIP: 45506CBA4<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1143434.75   | 0.44%             | 2041-04-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Indiana Finance Authority                                                 | Indiana Finance Authority, BHI Senior Living, Series 2018A                                                                                | CUSIP: 45506DV44<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997181.40    | 0.39%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                | Intermountain Power Agency, Utah Power Supply, Series 2023A                                                                               | CUSIP: 45884AF24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1128041.80   | 0.44%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Institutional Tax Free Money Market Fund                         | JPMorgan Institutional Tax Free Money Market Fund, Class IM                                                                               | CUSIP: 46645V725<br>LEI: 549300UURKD5II8M6J91 | Long             | STIV             | RF                | US        |  21081014 | NS      | $21083122.03  | 8.19%             |  |  |  | No            |                  1 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                      | County of Jefferson sewer                                                                                                                 | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053405.60   | 0.41%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority                                           | Jefferson County Port Authority, JSW Steel USA Ohio, Inc., Project, Series 2023                                                           | CUSIP: 473318AB9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1515000 | PA      | $1553856.72   | 0.60%             | 2053-12-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                              | Kansas City Industrial Development Authority, Historic Northeast Redevelopment Plan, Series 2024A-1                                       | CUSIP: 48502MAA1<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    875000 | PA      | $884861.25    | 0.34%             | 2046-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Long Island Power Authority                                               | Long Island Power Authority, Electric System, Series 2024B                                                                                | CUSIP: 542691KA7<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004747.10   | 0.39%             | 2049-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                     | Louisiana Public Facilities Authority, Lincoln Preparatory School Project, Series 2021A                                                   | CUSIP: 546399KY1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $874604.93    | 0.34%             | 2060-06-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                     | Louisiana Public Facilities Authority, Mentorship Steam Academy Project, Series 2021A                                                     | CUSIP: 546399LP9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    700000 | PA      | $580969.83    | 0.23%             | 2051-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                     | Louisiana Public Facilities Authority, Mentorship Steam Academy Project, Series 2021A                                                     | CUSIP: 546399LQ7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    740000 | PA      | $598470.78    | 0.23%             | 2056-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Lower Alabama Gas District (The)                                          | Lower Alabama Gas District (The), Gas Project, Series 2025A                                                                               | CUSIP: 547804AQ7<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1224847.01   | 0.48%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                             | Main Street Natural Gas, Inc., Gas Supply, Series 2023A                                                                                   | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2060218.16   | 0.80%             | 2053-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                             | Main Street Natural Gas, Inc., Gas Supply, Series 2024D                                                                                   | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2178243.00   | 0.85%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                             | Main Street Natural Gas, Inc., Gas Supply, Series 2024E                                                                                   | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093481.40   | 0.42%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                          | Maricopa County Industrial Development Authority, Ottawa University                                                                       | CUSIP: 56678RAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $207877.09    | 0.08%             | 2030-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Martin County Health Facilities Authority                                 | Martin County Health Facilities Authority, Cleveland Clinic Health System Obligated Group, Series 2019A                                   | CUSIP: 573903FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1423696.50   | 0.55%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | Maryland Health and Higher Educational Facilities Authority, Medstar Health, Inc., Series 2026A                                           | CUSIP: 57421CNR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051057.90   | 0.41%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                             | Commonwealth of Massachusetts, Consolidated Loan of 2016, Series 2016J                                                                    | CUSIP: 57582RME3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002802.50   | 0.39%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                  | Massachusetts Development Finance Agency, Lasell Village, Inc. Issue                                                                      | CUSIP: 57585BJJ8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063450.70   | 0.41%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                | Michigan Finance Authority, Tobacco Settlement Asset Backed, Series 2020A, Class 1                                                        | CUSIP: 59447TL76<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $873105.60    | 0.34%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                   | Michigan Strategic Fund, Graphic Packaging International, LLC Coated Recycled Board Machine Project                                       | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001386.50   | 0.39%             | 2061-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                      | Mida Mountain Village Public Infrastructure District, Mountain Village Assessment Area, Series 2020B                                      | CUSIP: 59561TAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996831.30    | 0.39%             | 2030-08-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                      | Mida Mountain Village Public Infrastructure District, Utah Subordinate Tax Allocation, Series 2024-2                                      | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030936.30   | 0.40%             | 2054-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| City of Minneapolis MN                                                    | City of Minneapolis, Health Care System, Fairview Health Services, Series 2018A                                                           | CUSIP: 60374VEF6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994134.10    | 0.39%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp.                                        | Mississippi Business Finance Corp., Gulf Opportunity Zone Industrial Development, Chevron USA, Inc., Project, Series 2010L                | CUSIP: 60528ACC6<br>LEI: 549300DYV074JUDKBQ77 | Long             | STIV             | MUN               | US        |   1380000 | PA      | $1380000.00   | 0.54%             | 2035-11-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri        | Health and Educational Facilities Authority of the State of Missouri, Lutheran Senior Services Projects, Series 2019A                     | CUSIP: 60635H2S7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1275600.75   | 0.50%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Environmental Improvement & Energy Resources Authority     | Missouri State Environmental Improvement and Energy Resources Authority, Union Improvement Co. Project, Series 1998C                      | CUSIP: 606907BF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961420.90    | 0.37%             | 2033-09-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                            | Mobile County Industrial Development Authority, Calvert LLC Project, Series 2024B                                                         | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956528.50    | 0.37%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                   | County of Montgomery, Ohio Health care Facilities Solvita Project, Series 2024                                                            | CUSIP: 613518CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1128152.00   | 0.44%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                   | Montgomery County Higher Education and Health Authority, Series 2022B                                                                     | CUSIP: 613603G94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013166.40   | 0.78%             | 2057-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority                        | Montgomery County Industrial Development Authority, Constellation Energy Generation, Series 2023A                                         | CUSIP: 61361TAA9<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1250000 | PA      | $1282036.25   | 0.50%             | 2053-04-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow    | Multnomah and Clackamas Counties School District No. 10JT Gresham-Barlow, Series B                                                        | CUSIP: 625482GF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $675812.10    | 0.26%             | 2035-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                   | Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4 Project, Series 2019B                                                 | CUSIP: 6262072R4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005378.10   | 0.39%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                   | Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4 Project, Series 2019A                                                 | CUSIP: 626207Z72<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001351.80   | 0.39%             | 2063-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                  | New Hampshire Business Finance Authority, Series 2025-1, Class A-1                                                                        | CUSIP: 63607WBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    991922 | PA      | $1002386.07   | 0.39%             | 2041-01-20      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                  | New Hampshire Business Finance Authority, Winston Salem Sustainable Energy Partners, Series 2025A                                         | CUSIP: 63607YCW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056238.10   | 0.41%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                  | New Hampshire Business Finance Authority, Tamarron Project, Series 2024                                                                   | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100001.75    | 0.04%             | 2035-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                      | New Hope Cultural Education Facilities Finance Corp., Legacy Midtown Park Project, Series 2018A                                           | CUSIP: 64542UDY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $850379.10    | 0.33%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp.                      | New Hope Cultural Education Facilities Finance Corp., Brazos Presbyterian Homes, Inc., Project, Series 2025                               | CUSIP: 64542UHY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $755372.18    | 0.29%             | 2055-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                 | New Jersey Economic Development Authority, Black Horse EHT Urban Renewal LLC Project, Series 2019                                         | CUSIP: 64577B7A6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1561267.80   | 0.61%             | 2039-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                 | New Jersey Economic Development Authority, White Horse HMT Urban Renewal LLC Project                                                      | CUSIP: 64577XBH8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2921853 | PA      | $2070787.72   | 0.80%             | 2040-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                            | New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2022BB                                                     | CUSIP: 64613CBG2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032069.90   | 0.40%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                        | New York Counties Tobacco Trust, Series 2016A-2B                                                                                          | CUSIP: 64945JAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1274717.10   | 0.50%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                       | City of New York, Fiscal Year 2023, Series 2023A, Subseries A-3                                                                           | CUSIP: 64966QH29<br>LEI: 549300ABYZD2SFD5JB29 | Long             | STIV             | MUN               | US        |   3800000 | PA      | $3800000.00   | 1.48%             | 2049-09-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                   | New York City Housing Development Corp., Multi-Family Mortgage, 8 Spruce Street Project, Class F                                          | CUSIP: 64966TGX6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1977029.04   | 0.77%             | 2031-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                   | New York City Housing Development Corp., Series 2023A                                                                                     | CUSIP: 64966WHK6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2514788.75   | 0.98%             | 2053-02-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue   | New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2025, Series 2025C, Subseries C-1                           | CUSIP: 64972JMH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2960362.68   | 1.15%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                    | New York State Energy Research and Development Authority, Rochester Gas and Electric Corp., Project, Series 1997B                         | CUSIP: 649845JD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1572167.70   | 0.61%             | 2032-08-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                        | New York State Dormitory Authority, Mount Sinai Obligated Group                                                                           | CUSIP: 64985SMS9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016047.00   | 0.78%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                 | New York Transportation Development Corp., Laguardia Airport Terminal Redevelopment Project, Series 2016A                                 | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000704.60   | 0.78%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                 | New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project                   | CUSIP: 650116CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $387069.26    | 0.15%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                 | New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project                   | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1445621.25   | 0.56%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                 | New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project, Series 2023      | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1115899.00   | 0.43%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                    | North Carolina Medical Care Commission, Twin Lakes Community, Series 2025A                                                                | CUSIP: 65820YTT3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012639.10   | 0.39%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                    | North Carolina Medical Care Commission, The United Methodist Retirement Homes Project, Series 2025A                                       | CUSIP: 65820YVE3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025241.90   | 0.40%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                         | North Carolina Turnpike Authority, Triangle Expressway System, Senior Lien                                                                | CUSIP: 65830RCQ0<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018366.50   | 0.40%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                       | North Dakota Housing Finance Agency, Home Mortgage Finance Program, Series 2024C                                                          | CUSIP: 6589098F6<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099044.60   | 0.43%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                             | North Texas Tollway Authority, First Tier, Series A                                                                                       | CUSIP: 66285WWC6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002346.00   | 0.39%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern Tobacco Securitization Corp.                                     | Northern Tobacco Securitization Corp., Tobacco Settlement Asset-Backed Senior Capital Appreciation, Series 2021B-2, Class 2               | CUSIP: 66585VCB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $397266.10    | 0.15%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                    | Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, Series 2026B                                                  | CUSIP: 677525XD4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1271721.00   | 0.49%             | 2040-06-30      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                    | Oklahoma Development Finance Authority Health System, OU Medicine Project, Series 2018B                                                   | CUSIP: 67884XCK1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    775000 | PA      | $777202.86    | 0.30%             | 2052-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                    | Oklahoma Development Finance Authority, Health System, OU Medicine Project, Series 2018B                                                  | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1602689.44   | 0.62%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Housing Finance Agency                                           | Oklahoma Housing Finance Agency, Home Ownership Loan Program, Series 2025A                                                                | CUSIP: 67886MW88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1147398.60   | 0.45%             | 2056-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                             | Palm Beach County Health Facilities Authority, Lifespace Communities, Inc., Series 2019B                                                  | CUSIP: 696507UR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946226.10    | 0.37%             | 2053-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                             | Palm Beach County Health Facilities Authority, Jupiter Medical Center                                                                     | CUSIP: 69651ACZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017967.20   | 0.40%             | 2055-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                       | Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 2024-145A                                                             | CUSIP: 70879QWN9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    970000 | PA      | $1065772.85   | 0.41%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                              | Commonwealth of Pennsylvania, Series 2024-1                                                                                               | CUSIP: 70914P4G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1233921.60   | 0.48%             | 2042-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                         | Plano Independent School District, Unlimited Tax                                                                                          | CUSIP: 727199G21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988336.40    | 0.38%             | 2045-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                          | Port of Greater Cincinnati Development Authority, 3CDC Obligated Group Parking Facilities, Series 2025A                                   | CUSIP: 734191BF5<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258313.35    | 0.10%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                          | Kentucky Public Energy Authority, Gas Supply, Series 2025B                                                                                | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065579.60   | 0.41%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                  | Public Finance Authority, Astro Texas Land Projects                                                                                       | CUSIP: 74442PL86<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    491130 | PA      | $492034.58    | 0.19%             | 2036-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                  | Public Finance Authority, Presbyterian Villages of Michigan Obligated Group, Series 2020A                                                 | CUSIP: 74442PQH1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3877143 | PA      | $2964195.21   | 1.15%             | 2042-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                  | Public Finance Authority, Maniilaq Association Employee Housing Project                                                                   | CUSIP: 74442PX59<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041259.00   | 0.40%             | 2046-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                  | Public Finance Authority, Maniilaq Association Employee Housing Project                                                                   | CUSIP: 74442PX67<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031116.40   | 0.40%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                  | Public Finance Authority, Celanese Corp., Series 2016C                                                                                    | CUSIP: 74443QAD4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    650000 | PA      | $650363.42    | 0.25%             | 2030-11-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                  | Public Finance Authority, Ripple Ranch, LLC Obligate, Series 2021A                                                                        | CUSIP: 74443XAC1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    800000 | PA      | $523117.68    | 0.20%             | 2051-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Public Finance Authority                                                  | Public Finance Authority, Georgia SR 400 Express Lanes Project                                                                            | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3665665.15   | 1.42%             | 2060-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                  | Public Finance Authority, Georgia SR 400 Express Lanes Project                                                                            | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045822.20   | 0.41%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                               | Commonwealth of Puerto Rico, Series 2022A-1                                                                                               | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   1000000 | PA      | $1023280.40   | 0.40%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                   | Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-1                                                                               | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   8230000 | PA      | $2945444.58   | 1.14%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue                   | Puerto Rico Sales Tax Financing Corp. Sales Tax, Series A-2                                                                               | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   3100000 | PA      | $2997102.01   | 1.16%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Raindance Metropolitan District No. 1 Non-Potable Water System Revenue    | Raindance Metropolitan District No. 1, Non-Potable Water System                                                                           | CUSIP: 75087GAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    746000 | PA      | $752203.96    | 0.29%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                        | Rhode Island Health and Educational Building Corp., Brown university Health, Series 2026B                                                 | CUSIP: 762244PE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047277.30   | 0.41%             | 2056-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Rocky Mountain Rail Park Metropolitan District                            | Rocky Mountain Rail Park Metropolitan District, Limited Tax, Series 2021A                                                                 | CUSIP: 774762AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254142.63   | 0.49%             | 2041-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Parish of St. John the Baptist LA                                         | Parish of St. John the Baptist, Marathon Oil Corp., Project, Series 2017A-1                                                               | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1004763.60   | 0.39%             | 2037-06-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Seminole County Industrial Development Authority                          | Seminole County Industrial Development Authority, Legacy Pointe at UCF Project, Series 2019A                                              | CUSIP: 81669TAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483068.55    | 0.19%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board               | Shelby County Health Educational and Housing Facilities Board, Retirement Facility, The Farm at Bailey Station, Series 2019A              | CUSIP: 82170KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2068865.40   | 0.80%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board               | Shelby County Health Educational and Housing Facilities Board, The Farms at Bailey Station Project, Series 2019A                          | CUSIP: 82170KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $669595.70    | 0.26%             | 2059-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                        | South Carolina Jobs-Economic Development Authority, Foothill Affordable Housing, Series 2025                                              | CUSIP: 837031H63<br>LEI: 5493006X47I9VG3DL112 | Long             | STIV             | MUN               | US        |    500000 | PA      | $521315.55    | 0.20%             | 2062-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                    | South Dakota Health and Educational Facilities Authority, Monument Health                                                                 | CUSIP: 83755VZ49<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054132.80   | 0.41%             | 2051-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of South Miami Health Facilities Authority, Inc.                     | City of South Miami Health Facilities Authority, Inc., Baptist Health South, Series 2025B                                                 | CUSIP: 838810EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097961.10   | 0.43%             | 2065-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado     | Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado, Series 2025A                                                       | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119854.00   | 0.43%             | 2035-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| St Vrain Lakes Metropolitan District No. 4                                | St Vrain Lakes Metropolitan District No. 4, Series 2024A                                                                                  | CUSIP: 85237KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $368094.45    | 0.14%             | 2054-09-20      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Stamford Housing Authority                                                | Stamford Housing Authority, Mozaic Concierge Living Project, Series 2025A                                                                 | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028432.40   | 0.40%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Suffolk Tobacco Asset Securitization Corp.                                | Suffolk Tobacco Asset Securitization Corp., Series 2021B-2                                                                                | CUSIP: 864809CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $91964.50     | 0.04%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp.                                  | Suffolk Regional Off-Track Betting Corp., Series 2024                                                                                     | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032630.90   | 0.40%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                | Tarrant County Cultural Education Facilities Finance Corp., Cook Children's Medical Center, Series 2020                                   | CUSIP: 87638QQQ5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1032223.86   | 0.40%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                | Tarrant County Cultural Education Facilities Finance Corp., Health Resources System, Series 2025C                                         | CUSIP: 87638TJU8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129024.10   | 0.44%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                        | Tennessee Energy Acquisition Corp., Gas Project, Series 2026A                                                                             | CUSIP: 880443JQ0<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107642.50   | 0.43%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. V                          | Texas Municipal Gas Acquisition and Supply Corp. V, Gas Supply, Series 2024                                                               | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094260.70   | 0.42%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp.                  | Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners Segments 3 LLC Project                                    | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999172.40    | 0.39%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                             | Central Texas Turnpike System, First Tier, Series 2024B                                                                                   | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092303.30   | 0.42%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Third Creek Metropolitan District No. 1                                   | Third Creek Metropolitan District No. 1, Limited Tax, Series 2022A-1                                                                      | CUSIP: 88423EAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $765451.42    | 0.30%             | 2037-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Third Creek Metropolitan District No. 1                                   | Third Creek Metropolitan District No. 1, Limited Tax, Series 2022A-1                                                                      | CUSIP: 88423EAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $605292.96    | 0.24%             | 2051-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                         | Iowa Tobacco Settlement Authority, Subordinate Senior Capital Appreciation Asset Backed, Series 2021-B-2, Class 2                         | CUSIP: 888805CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6265000 | PA      | $926366.71    | 0.36%             | 2065-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                        | Tobacco Settlement Financing Corp., Series 2018A                                                                                          | CUSIP: 888808HM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2077629.00   | 0.81%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                        | Tobacco Settlement Financing Corp., Series 2018B                                                                                          | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2503000.09   | 0.97%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                                        | Tobacco Settlement Financing Corp., Series B                                                                                              | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999643.70    | 0.39%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                               | TSASC, Inc., Series A                                                                                                                     | CUSIP: 898526FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006750.30   | 0.39%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC, Inc.                                                               | TSASC, Inc., Series B                                                                                                                     | CUSIP: 898526FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1932656.25   | 0.75%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                     | City of Valparaiso, Green Oaks of Valparaiso Project                                                                                      | CUSIP: 920286AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1473571.98   | 0.57%             | 2041-12-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Vancouver Housing Authority                                               | Vancouver Housing Authority, Series 2025                                                                                                  | CUSIP: 921626PU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116516.00   | 0.82%             | 2038-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                               | Washington State Housing Finance Commission, Rockwood Retirement Communities Project, Series 2020A                                        | CUSIP: 939783C95<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005184.20   | 0.39%             | 2041-01-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                               | Washington State Housing Finance Commission, Seattle Academy of Arts and Science Project, Series 2023                                     | CUSIP: 93978LGR1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    600000 | PA      | $643452.00    | 0.25%             | 2063-07-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                               | Washington State Housing Finance Commission, Blakeley and Laurel Villages Portfolio, Series 2025A                                         | CUSIP: 93978LJM9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024184.40   | 0.40%             | 2050-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                              | West Virginia Economic Development Authority, Solid Waste Disposal Facilities, Commercial Metal Co. Project                               | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | STIV             | MUN               | US        |   1000000 | PA      | $1029411.00   | 0.40%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp.                                | Westchester County Local Development Corp., Purchase Senior Learning Community, Inc., Project, Series 2021A                               | CUSIP: 95737TET9<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1106967.09   | 0.43%             | 2046-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Westchester County Local Development Corp.                                | Westchester County Local Development Corp., Purchase Senior Learning Community, Inc., Project, Series 2021A                               | CUSIP: 95737TEV4<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $843612.30    | 0.33%             | 2056-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue | Wisconsin Housing and Economic Development Authority, Home Ownership, Series 2024A                                                        | CUSIP: 97689QTU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1066295.88   | 0.41%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                       | Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series 2016A                                        | CUSIP: 97712DQU3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004286.70   | 0.39%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                       | Wisconsin Health and Educational Facilities Authority, Forensic science and Protective Medicine Collaboration, Inc., Project, Series 2024 | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006706.30   | 0.39%             | 2027-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                       | Wisconsin Health and Educational Facilities Authority, Aspirus, Inc., Obligated Group                                                     | CUSIP: 97712JMS9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047034.30   | 0.41%             | 2050-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                       | Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series 2016A                                        | CUSIP: 97712JMV2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10037.26     | 0.00%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                       | Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series 2016A                                        | CUSIP: 97712JMW0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    990000 | PA      | $929289.93    | 0.36%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                       | U.S. Treasury 10 Year Note                                                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        92 | NC      | $45132.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | U.S. Treasury 30 Year Bond                                                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       775 | NC      | $102929.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                       | U.S. Treasury 30 Year Bond                                                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -775 | NC      | $-60546.88    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** J.P. Morgan Exchange-Traded Fund Trust

**Signature:** Timothy J. Clemens

**Name of Signer:** Timothy J. Clemens

**Title:** Treasurer and Principal Financial Officer