# EDGAR Filing Document

**Accession Number:** 0001870117
**File Stem:** 0001410368-25-029995
**Filing Date:** 2025-11
**Character Count:** 508799
**Document Hash:** 4eb59b49dad697b9b59895f4b4c0dbb6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-029995.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-029995

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Group Fixed Income ETF Trust
- **CENTRAL INDEX KEY:** 0001870117

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23738
- **FILM NUMBER:** 251513773

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** (213) 486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH HOPE STREET, 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Capital Group Core Plus Income ETF
- **DATE OF NAME CHANGE:** 20210629

## Series and Classes Contracts Data

### Capital Group Short Duration Municipal Income ETF (Series ID: S000080919)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000243510 | Share Class  | CGSM            |

## Nport-Ex

![](img45fb32fb1.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Capital Group Short Duration**

**Municipal Income ETF**

Investment portfolio

September 30, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments 91.17%<br> **Alabama 3.35%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Baldwin, Industrial Dev. Auth., Solid Waste Disposal Rev. Bonds (Novelis Corp. Project), Series 2025-A, <br> AMT, 5.00% 6/1/2055 (put 6/1/2032) <sup>(a)</sup>  | USD1,000 | $1024 |
| Black Belt Energy Gas Dist., Gas Project Rev. Bonds (BP P.L.C), Series 2024-D, 5.00% 3/1/2055 (put 11/1/2034)  | 800 | 873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Black Belt Energy Gas Dist., Gas Project Rev. Bonds (Project No. 7), Series 2021-C-1, 4.00% 10/1/2052 (put 12/1/<br> 2026)  | 2055 | 2080 |
| Black Belt Energy Gas Dist., Gas Project Rev. Ref. Bonds, Series 2025-D, 5.00% 12/1/2055 (put 8/1/2035)  | 1310 | 1436 |
| Black Belt Energy Gas Dist., Gas Supply Rev. Bonds, Series 2022-D-1, 4.00% 7/1/2052 (put 6/1/2027)  | 2240 | 2280 |
| Federal Aid Highway Fin. Auth., Special Obligation Rev. Bonds, Series 2016-A, 5.00% 9/1/2035 (preref. 9/1/2026)  | 1250 | 1278 |
| Health Care Auth., Baptist Health, An Affiliate of UAB Health System, Series 2023-A, 5.00% 11/15/2029  | 1000 | 1072 |
| Housing Fin. Auth., Collateralized Single Family Mortgage Rev. Bonds, Series 2024-C, 5.75% 4/1/2055  | 1305 | 1426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Auth., Multi Family Housing Rev. Bonds (Cooper Green Homes Project), Series 2024-C, 5.00% <br> 2/1/2029 (put 2/1/2028)  | 195 | 204 |
| County of Jefferson, Limited Obligation Rev. Ref. Bonds, Series 2017, 5.00% 9/15/2027  | 1000 | 1036 |
| County of Jefferson, Sewer Rev. Warrants, Series 2024, 5.00% 10/1/2032  | 1000 | 1124 |
| Lower Alabama Gas Dist., Gas Project Rev. Bonds (Project No. 2), Series 2020, 4.00% 12/1/2050 (put 12/1/2025)  | 2000 | 2004 |
| Midcity Improvement Dist., Special Assessment Rev. Bonds, Series 2022, 3.875% 11/1/2027  | 185 | 182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Selma, Industrial Dev. Board, Gulf Opportunity Zone Rev. Ref. Bonds (International Paper Co. Project), <br> Series 2019-A, 3.45% 11/1/2033 (put 10/1/2031)  | 150 | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South East Gas Supply Dist., Gas Supply Rev. Ref. Bonds (Project No. 2), Series 2024-B, 5.00% 6/1/2049 (put 5/1/<br> 2032)  | 4000 | 4339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Auth., Commodity Supply Rev. Bonds (Project No. 3), Series 2022-A-1, 5.50% 1/1/2053 (put 12/<br> 1/2029)  | 4370 | 4747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Energy Auth., Commodity Supply Rev. Bonds (Project No. 4), Series 2022-B-1, 5.00% 5/1/2053 (put <br>8/1/2028)  | 2000 | 2099 |
| Southeast Energy Auth., Cooperative Dist. Energy Supply Rev. Bonds, Series 2025-D, 5.00% 9/1/2035  | 220 | 242 |
| Stadium Trace Village Improvement Dist., Dev. Incentive Anticipation Bonds, Series 2021, 3.625% 3/1/2036  | 1040 | 938 |
|  |  | 28535 |
| **Alaska 0.51%** |  |  |
| GO Rev. Ref. Bonds, Series 2025-3, 5.00% 10/1/2026  | 300 | 307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Dev. and Export Auth., Power Rev. Ref. Bonds (Snettisham Hydroelectric Project), Series 2015, AMT, <br> 5.00% 1/1/2031  | 1000 | 1001 |
| City of Valdez, Marine Terminal Rev. Ref. Bonds (Exxon Pipeline Co. Project), Series 1993-B, 3.50% 12/1/2033 <sup>(b)</sup>  | 3045 | 3045 |
|  |  | 4353 |
| **Arizona 2.30%** |  |  |
| City of Glendale, Industrial Dev. Auth., Rev. Ref. Bonds (Midwestern University), Series 2020, 5.00% 5/15/2028  | 625 | 662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Dev. Auth., Charter School Rev. Bonds (Equitable School Revolving Fund - Kestrel Verifiers), Series <br> 2021-A, 4.00% 11/1/2026  | 1000 | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Dev. Auth., Education Rev. Bonds (Academies of Math & Science Projects), Series 2019, 4.00% <br> 7/1/2029 <sup>(a)</sup>  | 135 | 134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Dev. Auth., Multi Family Housing Bonds (Ironwood Ranch Apartments Project), Series 2024, 5.00% <br> 2/1/2058 (put 9/1/2026)  | 1300 | 1323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial Dev. Auth., Multi Family Housing Rev. Bonds (The Acacia At Youngtown Phase II Project), Series 2024, <br> 5.00% 11/1/2058 (put 7/1/2027)  | 3820 | 3918 |
| Industrial Dev. Auth., Rev. Bonds (Lincoln South Beltway Project), Series 2020, 5.00% 11/1/2028  | 2000 | 2156 |

---

Capital Group Short Duration Municipal Income ETF — Page 1 of 27

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Arizona (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| County of Maricopa, Industrial Dev. Auth., Rev. Bonds (Banner Health), Series 2016-A, 5.00% 1/1/2038  | USD290 | $295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Phoenix, Industrial Dev. Auth., Health Care Facs. Rev. Bonds (Mayo Clinic), Series 2014-B, 2.75% <br> 11/15/2052 <sup>(b)</sup>  | 4195 | 4195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Phoenix, Industrial Dev. Auth., Multi Family Housing Rev. Bonds (Memorial Towers Project), Series 2024-A, <br> 3.35% 12/1/2027  | 295 | 298 |
| Phoenix Union High School Dist. No. 210, Improvement Bonds (Project of 2023), Series 2025-B, 5.00% 7/1/2029  | 475 | 521 |
| City of Phoenix Civic Improvement Corp., Airport Rev. Ref. Bonds, Series 2017-D, 5.00% 7/1/2032  | 2000 | 2077 |
| City of Phoenix Civic Improvement Corp., Wastewater System Rev. Ref. Bonds, Series 2016, 5.00% 7/1/2028  | 1000 | 1019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Yavapai, Industrial Dev. Auth., Solid Waste Disposal Rev. Ref. Bonds (Republic Services, Inc. Project), <br> Series 2010, 3.20% 4/1/2029 (put 12/1/2025)  | 2000 | 2000 |
|  |  | 19613 |
| **Arkansas 0.25%** |  |  |
| Dev. Fin. Auth., Industrial Dev. Rev. Bonds (Big River Steel Project), Series 2019, AMT, 4.50% 9/1/2049 <sup>(a)</sup>  | 2255 | 2163 |
| **California 11.73%** |  |  |
| Alvord Unified School Dist., GO Bonds, 2007 Election, CAB, Series 2011-B, AGI, 0% 8/1/2036  | 1000 | 645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assn. of Bay Area Governments, Fin. Auth. for Nonprofit Corps., Rev. Ref. Bonds (Windemere Ranch Infrastructure <br> Fncg. Program), Series 2014-A, 5.00% 9/2/2027  | 295 | 296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chula Vista, Successor Agcy. to the Redev. Agcy., Tax Allocation Rev. Ref. Bonds, Series 2016, AGI, 5.00% <br> 10/1/2028  | 570 | 584 |
| Clovis Unified School Dist., GO Bonds, CAB, 2001 Election, Series 2002-B, NATL, 0% 8/1/2027  | 1000 | 956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2021-B-1, 4.00% 2/1/2052 (put 8/<br> 1/2031)  | 2000 | 2051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2021-A, 4.00% 10/1/2052 (put <br> 12/1/2027)  | 1000 | 1023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-A, 5.00% 5/1/2054 (put 4/<br> 1/2032)  | 3000 | 3244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2023-G, 5.25% 11/1/2054 (put 4/<br> 1/2030)  | 1270 | 1378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-E, 5.00% 2/1/2055 (put 9/1/<br> 2032)  | 1500 | 1638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-F, 5.00% 2/1/2055 (put 11/<br> 1/2032)  | 1390 | 1515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-C, 5.00% 8/1/2055 (put 10/<br> 1/2032)  | 2000 | 2157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Choice Fncg. Auth., Clean Energy Project Rev. Green Bonds, Series 2024-H, 5.00% 1/1/2056 (put 8/<br> 1/2033)  | 145 | 162 |
| East County Advanced Water Purification JT Powers Auth. Green Bonds, Series 2024-A-1, 3.125% 9/1/2026  | 3000 | 3014 |
| Educational Facs. Auth., Rev. Bonds (Saint Mary's College of California), Series 2023-A, 5.25% 10/1/2030  | 400 | 429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Fairfield, Community Facs. Dist. No. 2023-1 (One Lake Planning Area 5), Improvement Area No. 1, Special <br> Tax Bonds, Series 2024-A, 5.00% 9/1/2032  | 245 | 264 |
| City of Fontana, Community Facs. Dist. No. 109 (Narra Hills), Special Tax Bonds, Series 2024, 5.00% 9/1/2028  | 500 | 525 |
| Foothill/Eastern Transportation Corridor Agcy., Toll Road Rev. Ref. Bonds, Series 2013-A, 6.125% 1/15/2028 <sup>(c)</sup>  | 2000 | 2164 |
| GO Rev. Ref. Bonds, Series 2021, 5.00% 12/1/2028  | 3000 | 3247 |
| GO Rev. Ref. Bonds, Series 2023, 5.00% 9/1/2032  | 1500 | 1729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Facs. Fncg. Auth., Rev. Bonds (Providence St. Joseph Health), Series 2019-C, 5.00% 10/1/2039 (put 10/1/<br> 2025)  | 250 | 250 |
| Housing Fin. Agcy., Municipal Certs., Series 2021-A-1, 3.50% 11/20/2035  | 930 | 909 |
| Housing Fin. Agcy., Municipal Certs., Series 2021-A-3, 3.25% 8/20/2036  | 469 | 448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Infrastructure and Econ. Dev. Bank, Charter School Rev. Bonds (Equitable School Revolving Fund), Series 2022-B, <br> 5.00% 11/1/2025  | 120 | 120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Inglewood, Successor Agcy. to the Redev. Agcy., Tax Allocation Bonds (Merged Redev. Project), Series <br> 2017-A, BAM, 5.00% 5/1/2028  | 1000 | 1040 |

---

Capital Group Short Duration Municipal Income ETF — Page 2 of 27

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **California (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Inglewood Unified School Dist., GO Bonds, 2020 Election, Series 2025-B, 5.00% 8/1/2029  | USD600 | $655 |
| City of Irvine, Reassessment Dist. No. 12-1, Limited Obligation Improvement Bonds, Series 2012, 4.00% 9/2/2028  | 675 | 679 |
| Irvine Unified School Dist., Community Facs. Dist. No. 09-1, Special Tax Bonds, Series 2017-A, 5.00% 9/1/2027  | 1085 | 1127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. and Rev. Ref. Green Bonds, Series <br> 2025-D, 5.00% 5/15/2030  | 400 | 452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Bonds, Series 2021-D, AMT, 5.00% <br> 5/15/2029  | 1105 | 1189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Ref. Bonds, Series 2021-A, AMT, <br> 5.00% 5/15/2026  | 1020 | 1035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Los Angeles, Dept. of Airports, Los Angeles International Airport, Rev. Ref. Green Bonds, Series 2025-A, <br> AMT, 5.00% 5/15/2029  | 1190 | 1281 |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2022-B, 5.00% 7/1/2032  | 825 | 904 |
| City of Los Angeles, Dept. of Water and Power, Power System Rev. Bonds, Series 2025-A, 5.00% 7/1/2032  | 1000 | 1133 |
| City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2020-A, 5.00% 7/1/2027  | 1415 | 1473 |
| City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2025-A, 5.00% 1/1/2030  | 1405 | 1528 |
| City of Los Angeles, Dept. of Water and Power, Water System Rev. Bonds, Series 2025-B, 5.00% 7/1/2033  | 405 | 463 |
| City of Los Angeles, Harbor Dept., Rev. Ref. Bonds, Series 2024-A-1, AMT, 5.00% 8/1/2027  | 375 | 389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Los Angeles County Dev. Auth. Multi Family Housing Rev. Bonds (Century and Restorative Care Village Phase I), <br> Series 2025-C, 3.35% 9/1/2059 (put 9/1/2028)  | 2810 | 2846 |
| Madera Unified School Dist., GO Bonds, CAB, 2006 Election, Series 2007, NATL, 0% 8/1/2028  | 1000 | 927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Water Dist. of Southern California, Water Rev. Ref. Bonds, Series 2024-B-3, 5.00% 7/1/2037 (put 7/<br> 1/2031)  | 2000 | 2235 |
| Monrovia Unified School Dist., GO Bonds, CAB, 2006 Election, Series 2009-B, AGI, 0% 8/1/2029  | 1000 | 909 |
| Monrovia Unified School Dist., GO Bonds, CAB, 1997 Election, Series 2000-B, 0% 8/1/2031  | 1295 | 1105 |
| Mt. Diablo Unified School Dist., GO Rev. Ref. Bonds, Series 2025, 5.00% 8/1/2029  | 450 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Community Facs. Dist. No. 2023-11 (City of Hesperia - Silverwood), Special Tax Bonds, <br> Series 2024, 4.50% 9/1/2034  | 200 | 207 |
| Municipal Fin. Auth., Rev. Ref. Bonds (HumanGood Obligated Group), Series 2019-A, 4.00% 10/1/2029  | 500 | 504 |
| Municipal Fin. Auth., Rev. Ref. Bonds (HumanGood Obligated Group), Series 2019-A, 4.00% 10/1/2031  | 100 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Senior Living Rev. Bonds (Mt. San Antonio Gardens Project), Series 2022-A, 4.00% 11/15/<br> 2030  | 130 | 132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Fin. Auth., Student Housing Rev. Bonds (CHF-Davis II, LLC - West Village Student Housing Project), <br> Series 2018, 5.00% 5/15/2029  | 1000 | 1060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Orange, Community Facs. Dist. No. 2023-1 (Rienda Phase 2B), Special Tax Bonds, Series 2023-A, <br> 5.00% 8/15/2027  | 145 | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Orange, Community Facs. Dist. No. 2023-1 (Rienda Phase 2B), Special Tax Bonds, Series 2023-A, <br> 5.00% 8/15/2028  | 190 | 202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pollution Control Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2001-A, <br> AMT, 4.20% 7/1/2031 (put 7/2/2029)  | 500 | 507 |
| Poway Unified School Dist., Public Fncg. Auth., Special Tax Rev. Ref. Bonds, Series 2015-B, BAM, 5.00% 9/1/2035  | 765 | 766 |
| Public Works Board, Lease Rev. Ref. Bonds (Various Capital Projects), Series 2021-A, 5.00% 2/1/2029  | 2835 | 3084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Riverside, Public Fin. Auth., Lease Rev. Bonds (Capital Facs. Project), Series 2015, 5.25% 11/1/2045 <br> (preref. 11/1/2025)  | 1575 | 1579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Riverside, Public Fncg. Auth., Tax Allocation Rev. Bonds (Project Area No. 1, Desert Communities and <br> Interstate 215 Corridor Projects), Series 2015-A, AGI, 5.00% 10/1/2026  | 1235 | 1237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Sacramento, Community Drainage Facs. Dist. No. 97-1 (North Natomas), Special Tax Bonds, Series 2015, <br> 5.00% 9/1/2028  | 735 | 736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Sacramento, Community Facs. Dist. No. 2018-03 (Greenbriar), Improvement Area No. 2, Special Tax <br> Bonds, Series 2024, 5.00% 9/1/2026  | 65 | 66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Sacramento, Community Facs. Dist. No. 2018-03 (Greenbriar), Improvement Area No. 2, Special Tax <br> Bonds, Series 2024, 5.00% 9/1/2027  | 150 | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Sacramento, Community Facs. Dist. No. 2018-03 (Greenbriar), Improvement Area No. 2, Special Tax <br> Bonds, Series 2024, 5.00% 9/1/2028  | 195 | 203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Sacramento, Community Facs. Dist. No. 2018-03 (Greenbriar), Improvement Area No. 2, Special Tax <br> Bonds, Series 2024, 5.00% 9/1/2029  | 245 | 259 |

---

Capital Group Short Duration Municipal Income ETF — Page 3 of 27

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **California (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of San Diego, Housing Auth., Multi Family Housing Rev. Bonds, Series 2023-B, 5.00% 5/1/2057 (put <br>11/1/2026)  | USD1,155 | $1176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Bonds, Series <br> 2025-A-2, AMT, 5.00% 5/1/2029  | 1000 | 1071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Bonds, Series <br> 2019-E, AMT, 4.00% 5/1/2050 (preref. 5/1/2029)  | 1920 | 1962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of San Francisco, Airport Commission, San Francisco International Airport, Rev. Ref. Bonds, <br> Series 2023-C, AMT, 5.00% 5/1/2033  | 1235 | 1371 |
| San Mateo Community College Dist., GO Bonds, CAB, 2005 Election, Series 2006-B, NATL, 0% 9/1/2031  | 2500 | 2154 |
| Santa Ana Unified School Dist., GO Bonds, CAB, 1999 Election, Series 2002-B, NATL, 0% 8/1/2030  | 435 | 380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Auth., Clean Energy Project Rev. Bonds, Series 2024-A, 5.00% 4/1/2055 (put 9/<br> 1/2030)  | 1910 | 2056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Auth., Rev. Ref. Bonds (Canyon Power Project), Series 2025-B, 3.70% 7/1/2040 <br> (put 7/1/2027)  | 1560 | 1566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern California Public Power Auth., Rev. Ref. Green Bonds (Milford Wind Corridor Phase II Project), Series <br> 2021-1, 5.00% 7/1/2031  | 655 | 734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statewide Communities Dev. Auth., Multi Family Housing Rev. Bonds (Vintage at Folsom), Series 2024-E-2, 5.00% <br> 10/1/2028 (put 10/1/2027)  | 90 | 94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statewide Communities Dev. Auth., Rev. Bonds (American Baptist Homes of the West), Series 2015, 5.00% 10/1/<br> 2026  | 260 | 260 |
| Statewide Communities Dev. Auth., Rev. Bonds (Kaiser Foundation Hospitals), Series 2025-A, 5.00% 10/1/2028 <sup>(a)</sup>  | 3300 | 3543 |
| Statewide Communities Dev. Auth., Rev. Bonds (Kaiser Foundation Hospitals), Series 2025-B, 5.00% 10/1/2032 <sup>(a)</sup>  | 2000 | 2273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statewide Communities Dev. Auth., Taxable Statewide Community Infrastructure Program Rev. Bonds, Series <br> 2024-B-1, 5.00% 9/2/2029  | 425 | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statewide Communities Dev. Auth., Taxable Statewide Community Infrastructure Program Rev. Bonds, Series <br> 2024-B-1, 5.00% 9/2/2030  | 450 | 486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tejon Ranch Public Facs. Fncg. Auth., Community Facs. Dist. No. 2008-1, Special Tax Rev. Ref. Bonds (Tejon Ranch <br> Industrial Complex Public Improvements - East), Series 2024-A, 5.00% 9/1/2030  | 1410 | 1526 |
| Tulare Joint Union High School Dist., GO Bonds, CAB, 2004 Election, Series 2004-A, NATL, 0% 8/1/2026  | 500 | 489 |
| Ukiah Unified School Dist., GO Bonds, CAB, 2005 Election, Series 2006, NATL, 0% 8/1/2028  | 1250 | 1162 |
| Regents of the University of California, General Rev. Bonds, Series 2022-BK, 5.00% 5/15/2032  | 500 | 583 |
| Various Purpose GO Bonds, Series 2025, 5.00% 3/1/2028  | 1135 | 1207 |
| Various Purpose GO Bonds, Series 2025, 5.00% 8/1/2031  | 4000 | 4553 |
| Various Purpose GO Rev. Ref. Bonds, Series 2021, 5.00% 10/1/2029  | 2000 | 2205 |
| Various Purpose GO Rev. Ref. Bonds, Series 2025, 5.00% 3/1/2030  | 750 | 834 |
| Various Purpose GO Rev. Ref. Bonds, Series 2025, 5.00% 8/1/2030  | 1045 | 1172 |
| Various Purpose GO Rev. Ref. Bonds, Series 2025, 5.00% 8/1/2033  | 3165 | 3685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Western Riverside Water and Wastewater Fncg. Auth., Local Agcy. Rev. Ref. Bonds, Series 2016-A, 5.00% 9/1/<br> 2030  | 1035 | 1059 |
| Wright Elementary School Dist., GO Bonds, Series 2003-A, NATL, CAB, 0% 8/1/2028  | 435 | 401 |
|  |  | 100022 |
| **Colorado 2.99%** |  |  |
| Adams County School Dist. No. 14, GO Bonds, Series 2025, 5.00% 12/1/2032  | 1715 | 1970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Adams, The Village at Dry Creek Metropolitan Dist. No. 2, Limited Tax GO and Special Rev. Bonds, <br> Series 2019, 4.375% 12/1/2044  | 660 | 633 |
| Arapahoe County School Dist. No. Six, GO Bonds, Series 2019-A, 5.00% 12/1/2025  | 175 | 176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Arapahoe, Fitzsimons Village Metropolitan Dist. No. 3, Limited Tax GO and Special Rev. Ref. and <br> Improvement Bonds, Series 2021-A-1, 4.00% 12/1/2026  | 500 | 500 |
| City of Aurora, Velocity Metropolitan Dist. No. 3, Limited Tax GO Bonds, Series 2019, 5.125% 12/1/2034  | 750 | 744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City and County of Broomfield, Baseline Metropolitan Dist. No. 1, Special Rev. Ref. and Improvement Bonds, <br> Series 2024-A, AGI, 5.00% 12/1/2028  | 400 | 427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyons Metropolitan Dist. No. 5, Limited Tax GO and Special Rev. Ref. and Improvement Bonds, Series 2024-A, <br> BAM, 5.00% 12/1/2030  | 205 | 225 |
| City of Centennial, Southglenn Metropolitan Dist., Special Rev. Ref. Bonds, Series 2016, 5.00% 12/1/2030  | 1285 | 1286 |

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Colorado (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| City of Colorado Springs, Utilities System Rev. Ref. Bonds, Series 2018-A-1, 5.00% 11/15/2025  | USD125 | $125 |
| City and County of Denver, Airport System Rev. Bonds, Series 2018-A, AMT, 5.00% 12/1/2029  | 1000 | 1058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Eagle, The Village Metropolitan Dist., Special Rev. and Limited Property Tax Rev. Ref. and Improvement <br> Bonds, Series 2020, 4.15% 12/1/2030  | 1080 | 1087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Elbert, Independence Water and Sanitation Dist., Special Rev. Ref. and Improvement Bonds, Series <br> 2024, 5.125% 12/1/2033  | 840 | 865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Facs. Auth., Health Facs. Rev. and Rev. Ref. Bonds (Evangelical Lutheran Good Samaritan Society Project), <br> Series 2017, 5.00% 6/1/2026 (escrowed to maturity)  | 400 | 406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Facs. Auth., Health Facs. Rev. and Rev. Ref. Bonds (Evangelical Lutheran Good Samaritan Society Project), <br> Series 2017, 5.00% 6/1/2047 (preref. 6/1/2027)  | 1000 | 1039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Facs. Auth., Hospital Rev. Bonds (Parkview Medical Center, Inc. Project), Series 2016, 5.00% 9/1/2046 <br> (preref. 9/1/2026)  | 120 | 122 |
| Health Facs. Auth., Rev. Bonds (Covenant Living Communities and Services), Series 2025-A, 5.00% 12/1/2029  | 1000 | 1072 |
| Health Facs. Auth., Rev. Bonds (Intermountain Healthcare), Series 2022-D, 3.44% 5/15/2061 (put 8/17/2026) <sup>(b)</sup>  | 3500 | 3479 |
| Health Facs. Auth., Rev. Ref. Bonds (Christian Living Neighborhoods Project), Series 2016, 5.00% 1/1/2031  | 500 | 501 |
| Health Facs. Auth., Rev. Ref. Bonds (Intermountain Health), Series 2024-A, 5.00% 5/15/2033  | 2000 | 2245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing and Fin. Auth., Multi Family Housing Rev. Bonds, (Fitzsimons Gateway Apartment Project), Series 2024-B, <br> 3.18% 9/1/2028 (put 9/1/2027)  | 1160 | 1171 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2019-K, Class I, 3.875% 5/1/2050  | 1390 | 1397 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2021-L, Class I, 3.25% 11/1/2051  | 1640 | 1629 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2023-O, Class III, 6.50% 5/1/2054  | 1060 | 1175 |
| Housing and Fin. Auth., Single Family Mortgage Bonds, Series 2025-J, Class III, 6.25% 5/1/2055  | 1500 | 1692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Town of Johnstown, Thompson Crossing Metropolitan Dist. No. 4, Limited Tax GO Rev. Ref. and Improvement <br> Bonds (Convertible to Unlimited Tax), Series 2019, 3.50% 12/1/2029  | 518 | 510 |
|  |  | 25534 |
| **Connecticut 0.51%** |  |  |
| GO Bonds, Series 2022-E, 5.00% 11/15/2025  | 150 | 151 |
| GO Bonds, Series 2019-A, 5.00% 4/15/2026  | 200 | 203 |
| GO Bonds, Series 2022-A, 4.00% 1/15/2027  | 1000 | 1019 |
| GO Rev. Ref. Bonds, Series 2014-H, 5.00% 11/15/2025  | 440 | 441 |
| Health and Educational Facs. Auth., Rev. Bonds (Quinnipiac University Issue), Series 2016-M, 5.00% 7/1/2035  | 1075 | 1083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Supplemental Loan Auth., Rev. Bonds (Chesla Loan Program), Series 2024-B, AMT, 4.125% 11/<br> 15/2040  | 500 | 489 |
| Housing Fin. Auth., Housing Mortgage Fin. Program Bonds, Series 2019-B-1, 4.00% 5/15/2049  | 545 | 551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Stamford, Harbor Point Infrastructure Improvement Dist., Special Obligation Rev. Ref. Bonds (Harbor Point <br> Project), Series 2017, 5.00% 4/1/2030 <sup>(a)</sup>  | 400 | 406 |
|  |  | 4343 |
| **Delaware 0.36%** |  |  |
| Housing Auth., Single Family Mortgage Rev. Bonds, Series 2024-A, 5.75% 1/1/2055  | 2800 | 3049 |
| **District of Columbia 1.77%** |  |  |
| Federal Highway Grant Anticipation Rev. Bonds, Series 2020, 5.00% 12/1/2025  | 1500 | 1506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Collateralized Multi Family Housing Rev. Bonds (Belmont Crossing Phase II), Series 2025, <br> 5.00% 3/1/2029 (put 2/1/2028)  | 315 | 329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Collateralized Multi Family Housing Rev. Bonds (The Edmonson), Series 2024, 5.00% <br> 12/1/2028 (put 12/1/2027)  | 2405 | 2515 |
| Income Tax Secured Rev. Ref. Bonds, Series 2025-A, 5.00% 6/1/2030  | 1000 | 1114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. and Rev. Ref. Bonds, Series 2019-A, AMT, 5.00% <br> 10/1/2028  | 1000 | 1064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2022-A, AMT, 5.00% 10/1/<br> 2025  | 1425 | 1425 |

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Capital Group Short Duration Municipal Income ETF — Page 5 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **District of Columbia (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2020-B, AMT, 5.00% <br>10/1/2027  | USD2,000 | $2088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2021-A, AMT, 5.00% <br>10/1/2029  | 1485 | 1604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2022-A, AMT, 5.00% 10/1/<br> 2029  | 1570 | 1695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Washington DC Airports Auth., Airport System Rev. Ref. Bonds, Series 2024-A, AMT, 5.00% 10/1/<br> 2033  | 375 | 419 |
| Washington Convention and Sports Auth., Dedicated Tax Rev. Ref. Bonds, Series 2018-A, 5.00% 10/1/2028  | 1250 | 1308 |
|  |  | 15067 |
| **Florida 5.07%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Alachua, Health Facs. Auth., Continuing Care Retirement Community Rev. Bonds (Oak Hammock at the <br> University of Florida, Inc. Project), Series 2025-B-2, 3.75% 10/1/2030  | 235 | 236 |
| City of Atlantic Beach, Health Care Facs. Rev. Bonds (Fleet Landing Project), Series 2018-A, 5.00% 11/15/2029  | 420 | 433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Brevard, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Emerald Place Apartments), Series <br> 2025, 3.30% 2/1/2028 (put 2/1/2027)  | 565 | 568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Broward, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Tequesta Reserve), Series 2024, 3.15% <br> 3/1/2028 (put 3/1/2027)  | 2885 | 2892 |
| County of Broward, Port Facs. Rev. Ref. Bonds, Series 2019-D, AMT, 5.00% 9/1/2026  | 1000 | 1017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Auth., Health Care Facs. Rev. and Rev. Ref. Bonds (UF Health Projects), Series 2025-A, 5.00% 12/1/<br> 2032  | 1645 | 1828 |
| Central Florida Expressway Auth., Rev. Ref. Bonds, Series 2016-B, 4.00% 7/1/2035 (preref. 7/1/2026)  | 3630 | 3669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counties of Charlotte and Lee, Babcock Ranch Community Independent Special Dist., Special Assessment Rev. <br> Bonds, Series 2024, 4.30% 5/1/2031 <sup>(a)</sup>  | 160 | 162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dev. Fin. Corp., Solid Waste Disposal Rev. Bonds (GFL Solid Waste Southeast LLC Project), Series 2024-A, AMT, <br> 4.375% 10/1/2054 (put 10/1/2031) <sup>(a)</sup>  | 2185 | 2207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dev. Fin. Corp., Solid Waste Disposal Rev. Bonds (Waste Pro USA, Inc. Project), Series 2019, AMT, 5.00% <br>5/1/2029 <sup>(a)</sup>  | 750 | 760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dev. Fin. Corp., Solid Waste Disposal Rev. Bonds (Waste Pro USA, Inc. Project), Series 2023, AMT, 6.125% <br> 7/1/2032 (put 7/1/2026) <sup>(a)</sup>  | 2640 | 2667 |
| Board of Education, Public Education Capital Outlay Rev. Ref. Bonds, Series 2024-A 5.00% 6/1/2034  | 570 | 667 |
| Harbor Bay Community Dev. Dist., Capital Improvement Rev. Bonds, Series 2019-A-1, 3.30% 5/1/2029  | 490 | 488 |
| Harbor Bay Community Dev. Dist., Capital Improvement Rev. Ref. Bonds, Series 2019-A-2, 3.30% 5/1/2029  | 500 | 498 |
| Harbor Bay Community Dev. Dist., Capital Improvement Rev. Ref. Bonds, Series 2019-A-2, 3.30% 5/1/2029  | 245 | 244 |
| City of Hialeah, Two Lakes Community Dev. Dist., Special Assessment Bonds, Series 2024, 5.00% 5/1/2030  | 615 | 658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Hillsborough, Aviation Auth., Tampa International Airport Rev. Bonds, Series 2022-A, AMT, 5.00% 10/1/<br> 2028  | 1500 | 1597 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2018-2, 4.25% 1/1/2050  | 1875 | 1888 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2019-1, 4.00% 7/1/2050  | 870 | 876 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2020-1, 3.50% 7/1/2051  | 1660 | 1659 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2021-1, 3.00% 1/1/2052  | 1540 | 1525 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2024-5, 6.25% 1/1/2055  | 240 | 264 |
| Housing Fin. Corp., Homeowner Mortgage Rev. Bonds, Series 2025-1, 6.25% 1/1/2056  | 2030 | 2258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship Dist., Special Assessment Rev. Bonds (Del Webb Project), Series 2017, 4.30% <br> 5/1/2027 <sup>(a)</sup>  | 220 | 222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship Dist., Special Assessment Rev. Bonds (Lake Club Phase 4 Project), Series 2019, <br> 3.80% 5/1/2049  | 180 | 181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local Government Fin. Commission, Senior Living Rev. Bonds (Fleet Landing at Nocatee Project), Series 2025B-1, <br> 4.20% 11/15/2030 <sup>(a)</sup>  | 340 | 343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Manatee, Heritage Harbour North Community Dev. Dist., Capital Improvement Rev. Ref. Bonds, Series <br> 2017-A-1, 5.00% 5/1/2026  | 810 | 820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Miami, Midtown Miami Community Dev. Dist., Special Assessment and Rev. Ref. Bonds (Infrastructure <br> Project), Series 2014-B, 5.00% 5/1/2029  | 410 | 410 |
| County of Miami-Dade, Aviation Rev. Ref. Bonds, Series 2024-A, AMT, 5.00% 10/1/2027  | 950 | 990 |

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Capital Group Short Duration Municipal Income ETF — Page 6 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Florida (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Miami-Dade, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Residences At Palm Court), Series <br> 2025-B, 2.95% 9/1/2029 (put 9/1/2028)  | USD1,210 | $1209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Miami-Dade, Sawyers Landing Community Dev. Dist., Special Assessment Rev. Bonds, Series 2021, <br> 3.75% 5/1/2031  | 500 | 501 |
| North Miami Community Redev. Agcy., Redev. Rev. Bonds, Series 2024, 5.00% 3/1/2027  | 1190 | 1223 |
| North Miami Community Redev. Agcy., Redev. Rev. Bonds, Series 2024, 5.00% 3/1/2028  | 940 | 985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Orange, Health Facs. Auth., Health Care Facs. Rev. Bonds (Presbyterian Retirement Communities <br> Project), Series 2015, 5.00% 8/1/2028  | 1000 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Orange, Health Facs. Auth., Hospital Rev. Ref. Bonds (Orlando Health Obligated Group), Series <br> 2016-A, 5.00% 10/1/2033  | 1240 | 1263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Pinellas, Housing Fin. Auth., Multi Family Housing Rev. Bonds (Indigo Apartments), Series 2025, 3.40% <br> 7/1/2028 (put 7/1/2027)  | 1120 | 1128 |
| City of Pompano Beach, Rev. Bonds (John Knox Village Project), Series 2015, 3.125% 9/1/2028  | 100 | 98 |
| City of Pompano Beach, Rev. Bonds (John Knox Village Project), Series 2015, 3.25% 9/1/2030  | 200 | 194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counties of St. Johns and Duval, Tolomato Community Dev. Dist., Special Assessment Rev. Ref. Bonds, Series <br> 2022-B, 3.00% 5/1/2032  | 1535 | 1449 |
| Talavera Community Dev. Dist., Capital Improvement Rev. Bonds, Series 2019, 3.85% 5/1/2030  | 540 | 536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Wildwood, Village Community Dev. Dist. No. 12, Special Assessment Rev. Bonds, Series 2018, 3.80% 5/1/<br> 2028  | 1110 | 1117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Wildwood, Village Community Dev. Dist. No. 15, Special Assessment Rev. Bonds, Series 2024, 3.75% <br> 5/1/2029 <sup>(a)</sup>  | 275 | 277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Windward at Lakewood Ranch Community Dev. Dist., Capital Improvement Rev. Bonds (Phase 2 Project), Series <br> 2022, 3.25% 5/1/2027  | 225 | 222 |
|  |  | 43230 |
| **Georgia 1.94%** |  |  |
| City of Atlanta, Airport General Rev. Green Bonds, Series 2025-B, AMT, 5.00% 7/1/2033  | 1500 | 1679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Atlanta, Urban Residential Fin. Auth., Multi Family Rev. Bonds (North Block), Series 2025, 3.40% 2/1/2029 <br> (put 2/1/2028)  | 250 | 253 |
| City of Atlanta, Water and Wastewater Rev. Ref. Bonds, Series 2015, 5.00% 11/1/2025  | 420 | 421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Burke, Dev. Auth., Pollution Control Rev. Bonds (Georgia Power Co. Plant Vogtle Project), Series <br> 1994-5, 3.70% 10/1/2032 (put 6/13/2028)  | 455 | 465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Burke, Dev. Auth., Pollution Control Rev. Bonds (Georgia Power Co. Plant Vogtle Project), Series <br> 2012-01, 2.90% 12/1/2049 (put 8/21/2029)  | 2640 | 2643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Columbus, Housing Auth., Multi Family Housing Rev. Bonds (HACG RAD II Project), Series 2025, 3.30% <br> 11/1/2028 (put 11/1/2027)  | 290 | 292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Decatur, Housing Auth., Multi Family Housing Rev. Bonds (Philips Tower Project), Series 2025, 3.25% <br> 9/1/2028 (put 9/1/2027)  | 145 | 146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Douglas, Housing Auth., Multi Family Housing Rev. Bonds (Astoria At Crystal Lake Project), Series <br> 2024-B, 5.00% 10/1/2028 (put 10/1/2027)  | 580 | 605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Fayette Dev., Auth. Rev. Bonds (United States Soccer Federation, Inc. Project), Series 2024, 5.00% 10/1/<br> 2028  | 325 | 343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Geo. L. Smith II Georgia World Congress Center Auth., Convention Center Hotel First Tier Rev. Bonds, Series <br> 2021-A, 2.375% 1/1/2031  | 500 | 467 |
| GO Bonds, Series 2023-C, 4.00% 1/1/2026  | 300 | 301 |
| City of Homerville, Housing Auth. Multi Family Housing Rev. Bonds, Series 2024, 3.45% 1/1/2028 (put 1/1/2027)  | 200 | 202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Lawrenceville, Housing Auth., Multi Family Housing Rev. Bonds (Applewood Towers Project), Series <br> 2024-B, 5.00% 10/1/2028 (put 10/1/2027)  | 798 | 832 |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2021-A, 4.00% 7/1/2052 (put 9/1/2027)  | 1500 | 1532 |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2023-B, 5.00% 7/1/2053 (put 3/1/2030)  | 1000 | 1076 |
| Main Street Natural Gas, Inc., Gas Supply Rev. Bonds, Series 2024-B, 5.00% 12/1/2054 (put 3/1/2032)  | 335 | 365 |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project J Bonds, Series 2023-A, AGI, 5.00% 7/1/2027  | 350 | 366 |
| Municipal Electric Auth., Plant Vogtle Units 3 and 4 Project M Bonds, Series 2019-A, 5.00% 1/1/2029  | 1390 | 1472 |

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Capital Group Short Duration Municipal Income ETF — Page 7 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Georgia (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Municipal Electric Auth., Project One Bonds, Series 2019-A, 5.00% 1/1/2028  | USD1,270 | $1339 |
| Municipal Electric Auth., Project One Bonds, Series 2019-A, 5.00% 1/1/2029  | 1655 | 1780 |
|  |  | 16579 |
| **Guam 0.18%** |  |  |
| Business Privilege Tax Rev. Ref. Bonds, Series 2021-F, 5.00% 1/1/2030  | 1000 | 1072 |
| Business Privilege Tax Rev. Ref. Bonds, Series 2025-G, 5.00% 1/1/2032  | 285 | 312 |
| Business Privilege Tax Rev. Ref. Bonds, Series 2025-G, 5.00% 1/1/2033  | 155 | 170 |
|  |  | 1554 |
| **Hawaii 0.45%** |  |  |
| City and County of Honolulu, GO Bonds, Series 2015-B, 5.00% 10/1/2025  | 500 | 500 |
| City and County of Honolulu, GO Bonds, Series 2023-A, 5.00% 7/1/2026  | 1000 | 1018 |
| City and County of Honolulu, GO Bonds, Series 2023-B, 5.00% 7/1/2026  | 1260 | 1283 |
| City and County of Honolulu, GO Bonds, Series 2017-A, 5.00% 9/1/2026  | 1050 | 1074 |
|  |  | 3875 |
| **Idaho 0.03%** |  |  |
| Health Facs. Auth., Rev. Bonds (St. Luke's Health System Project), Series 2018-A, 5.00% 3/1/2037  | 205 | 211 |
| **Illinois 4.34%** |  |  |
| City of Chicago, Board of Education, Unlimited Tax GO Bonds (Dedicated Rev.), Series 2023-A, 5.50% 12/1/2031  | 1000 | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2017-C, 5.00% <br> 12/1/2025  | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-C, AGI, <br> 5.00% 12/1/2027  | 350 | 363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, AGI, <br> 5.00% 12/1/2028  | 500 | 528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Board of Education, Unlimited Tax GO Rev. Ref. Bonds (Dedicated Rev.), Series 2018-A, AGI, <br> 5.00% 12/1/2030  | 150 | 158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, GO Bonds (City Colleges of Chicago Capital Improvement Project), CAB, Series 1999, NATL, 0% <br> 1/1/2026 (escrowed to maturity)  | 500 | 496 |
| City of Chicago, GO Rev. Ref. Bonds, Series 2020-A, 5.00% 1/1/2026  | 1025 | 1030 |
| City of Chicago, GO Rev. Ref. Bonds, Series 2020-A, 5.00% 1/1/2027  | 1000 | 1017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Chicago, Multi Family Housing Rev. Bonds (Sacred Apartments), Series 2025-B, 3.40% 6/1/2029 (put 6/1/<br> 2028)  | 3000 | 3041 |
| City of Chicago, Water Rev. Bonds, Series 2004, 5.00% 11/1/2025  | 1000 | 1001 |
| City of Chicago, Water Rev. Bonds, Series 2016-A-1, 5.00% 11/1/2025  | 1000 | 1001 |
| City of Chicago, Water Rev. Ref. Bonds, Series 2017, 5.00% 11/1/2028  | 2000 | 2088 |
| City of Chicago, Water Rev. Ref. Bonds, Series 2017-2, AGI, 5.00% 11/1/2031  | 1000 | 1039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Graduate and Professional Student Loan Program Rev. Bonds (Midwestern University Foundation), <br> Series 2025-A, 5.00% 7/1/2030  | 295 | 315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Graduate and Professional Student Loan Program Rev. Bonds (Midwestern University Foundation), <br> Series 2025-A, 5.00% 7/1/2032  | 190 | 204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Graduate and Professional Student Loan Program Rev. Bonds (Midwestern University Foundation), <br> Series 2025-A, 4.25% 7/1/2041  | 135 | 135 |
| Fin. Auth., Rev. Bonds (Advocate Health Care Network), Series 2015-B, 5.00% 5/1/2027  | 225 | 225 |
| Fin. Auth., Rev. Bonds (Presbyterian Homes Obligated Group), Series 2016-A, 5.00% 11/1/2029  | 540 | 548 |
| Fin. Auth., Rev. Ref. Bonds (Smith Crossing), Series 2022, 4.00% 10/15/2025  | 295 | 295 |
| Fin. Auth., Rev. Ref. Green Bonds (Clean Water Initiative Revolving Fund), Series 2025-B, 5.00% 7/1/2030  | 750 | 835 |
| GO Bonds, Series 2017-D, 5.00% 11/1/2025  | 475 | 476 |
| GO Bonds, Series 2024-B, 5.00% 5/1/2026  | 310 | 314 |
| GO Bonds, Series 2016, 5.00% 6/1/2026  | 2970 | 3016 |
| GO Bonds, Series 2025-C, 5.25% 9/1/2032  | 4000 | 4538 |

---

Capital Group Short Duration Municipal Income ETF — Page 8 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Illinois (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Housing Dev. Auth., Homeowner Mortgage Rev. Bonds, Series 2018-A-1, 4.00% 8/1/2048  | USD920 | $927 |
| Housing Dev. Auth., Multi Family Rev. Green Bonds, Series 2024-C-2, FHA, 3.60% 8/1/2032 (put 8/1/2028)  | 1900 | 1925 |
| Housing Dev. Auth., Rev. Bonds, Series 2021-D, 3.00% 10/1/2051  | 2455 | 2425 |
| Housing Dev. Auth., Rev. Bonds, Series 2024-I, 6.00% 10/1/2055  | 995 | 1109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Bonds, CAB, Series 2002-A, NATL, <br> 0% 6/15/2031  | 500 | 413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Bonds, CAB, Series 2002-A, NATL, <br> 0% 12/15/2032  | 500 | 388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, Series 2024-B, <br> 4.00% 12/15/2026  | 1530 | 1549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, Series 2023-A, <br> 5.00% 12/15/2027  | 605 | 632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, CAB, Series <br> 2010-B-1, AGI, 0% 6/15/2027  | 630 | 599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Pier and Exposition Auth., McCormick Place Expansion Project Rev. Ref. Bonds, CAB, Series 1994, <br> NATL, 0% 6/15/2029  | 40 | 36 |
| Sales Tax Securitization Corp., Sales Tax Securitization Rev. Ref. Bonds, Series 2023-A, 5.00% 1/1/2034  | 1000 | 1113 |
| Toll Highway Auth., Toll Highway Rev. Bonds, Series 2016-B, 5.00% 1/1/2027  | 975 | 993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Will Community Unified School Dist. No. 201-U (Crete-Monee), GO Bonds, Series 2005, CAB, 0% 11/1/2025 <br> (escrowed to maturity)  | 165 | 165 |
|  |  | 37012 |
| **Indiana 0.57%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Health System Rev. Bonds (Indiana University Health), Series 2025-D-1, 5.00% 10/1/2064 (put 10/1/<br> 2029)  | 1550 | 1672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Midwestern Disaster Relief Rev. Bonds (Ohio Valley Electric Corp. Project), Series 2012-A, 4.25% 11/1/<br> 2030  | 1000 | 1025 |
| Fin. Auth., Rev. Bonds (BHI Senior Living Obligated Group), Series 2018-A, 5.00% 11/15/2027  | 1050 | 1080 |
| Fin. Auth., State Revolving Fund Program Green Bonds, Series 2019-E, 5.00% 2/1/2030  | 840 | 907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Valparaiso, Exempt Facs. Rev. Ref. Bonds (Pratt Paper (IN), LLC Project), Series 2024, AMT, 4.50% <br>1/1/2034 <sup>(a)</sup>  | 145 | 149 |
|  |  | 4833 |
| **Iowa 0.92%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Multi Family Housing Rev. Bonds (AHEPA 192-IV Apartments Projects), Series 2023, 5.00% 11/1/2026 <br> (put 11/1/2025)  | 400 | 400 |
| Fin. Auth., Single Family Mortgage Bonds, Series 2022-A, 3.00% 1/1/2052  | 190 | 187 |
| Fin. Auth., Single Family Mortgage Bonds (Mortgage-Backed Securities Program), Series 2019-A, 4.00% 7/1/2047  | 535 | 543 |
| Fin. Auth., Single Family Mortgage Bonds (Mortgage-Backed Securities Program), Series 2019-D, 3.50% 1/1/2049  | 880 | 880 |
| PEFA, Inc., Gas Project Rev. Bonds, Series 2019, 5.00% 9/1/2049 (put 9/1/2026)  | 4000 | 4071 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2024-B, AMT, 5.00% 12/1/2027  | 580 | 601 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2025-B, AMT, 5.00% 12/1/2030  | 280 | 300 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2025-B, AMT, 5.00% 12/1/2031  | 275 | 296 |
| Student Loan Liquidity Corp., Student Loan Rev. Bonds, Series 2025-B, AMT, 4.50% 12/1/2045  | 580 | 585 |
|  |  | 7863 |
| **Kansas 0.04%** |  |  |
| City of Manhattan, Health Care Facs. Rev. Bonds (Meadowlark Hills), Series 2021-A, 4.00% 6/1/2026  | 315 | 315 |
| **Kentucky 2.48%** |  |  |
| Asset/Liability Commission, General Fund Rev. Ref. Project Notes, Series 2021-A, 5.00% 11/1/2025  | 765 | 766 |
| City of Henderson, Exempt Facs. Rev. Bonds (Pratt Paper, LLC Project), Series 2022-B, AMT, 3.70% 1/1/2032 <sup>(a)</sup>  | 1000 | 1006 |
| Higher Education Student Loan Corp., Student Loan Rev. Bonds, Series 2025-A-1, AMT, 5.00% 6/1/2033  | 700 | 740 |
| Higher Education Student Loan Corp., Student Loan Rev. Bonds, Series 2025-A-1, AMT, 4.75% 6/1/2040  | 1180 | 1210 |

---

Capital Group Short Duration Municipal Income ETF — Page 9 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Kentucky (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Corp., Multi Family Housing Rev. Bonds (Beecher Terrace Phase IV Project), Series 2023, 5.00% 9/1/2043 <br> (put 9/1/2026)  | USD1,790 | $1805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Corp., Multi Family Housing Rev. Bonds (Winterwood III Rural Housing Portfolio), Series 2024, 3.50% <br> 7/1/2028 (put 7/1/2027)  | 1000 | 1008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisville/Jefferson Metro County Government, Health System Rev. Bonds (Norton Healthcare, Inc.), Series <br> 2016-A, 5.00% 10/1/2033  | 1025 | 1040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisville/Jefferson Metro County Government, Pollution Control Rev. Bonds (Louisville Gas and Electric Co. <br> Project), Series 2003-A, 2.00% 10/1/2033  | 530 | 456 |
| City of Paducah, Electric Plant Board, Rev. Ref. Bonds, Series 2016-A, AGI, 5.00% 10/1/2027  | 2000 | 2046 |
| Public Energy Auth., Gas Supply Rev. Bonds, Series 2019-C-1, 4.00% 2/1/2050 (put 2/1/2028)  | 1000 | 1023 |
| Public Energy Auth., Gas Supply Rev. Bonds, Series 2022-A-1, 4.00% 8/1/2052 (put 8/1/2030)  | 1500 | 1535 |
| Public Energy Auth., Gas Supply Rev. Ref. Bonds, Series 2025-A, 5.25% 6/1/2055 (put 12/1/2029)  | 5540 | 5944 |
| State Property and Buildings Commission, Rev. Ref. Bonds (Project No. 130), Series 2024-B, 5.00% 11/1/2025  | 100 | 100 |
| State Property and Buildings Commission, Rev. Ref. Bonds (Project No. 112), Series 2025-B, 5.00% 11/1/2025  | 400 | 401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Trimble, Pollution Control Rev. Ref. Bonds (Louisville Gas and Electric Co. Project), Series 2016-A, AMT, <br> 1.30% 9/1/2044 (put 9/1/2027)  | 1000 | 935 |
| Turnpike Auth., Econ. Dev. Road Rev. Ref. Bonds (Revitalization Projects), Series 2022-A, 5.00% 7/1/2031  | 1000 | 1130 |
|  |  | 21145 |
| **Louisiana 0.77%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Corp., Multi Family Housing Rev. Bonds (King Oaks V Project), Series 2025, 2.70% 10/1/2045 (put 10/1/<br> 2028)  | 2000 | 1987 |
| Housing Corp., Single Family Mortgage Rev. Bonds (Home Ownership Program), Series 2023-A, 5.75% 6/1/2054  | 1865 | 2016 |
| City of New Orleans, Water Rev. Bonds, Series 2015, 5.00% 12/1/2045 (preref. 12/1/2025)  | 500 | 502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Facs. Auth., Hospital Rev. Ref. Bonds (Lafayette General Health System Project), Series 2016-A, 5.00% <br> 11/1/2033 (preref. 11/1/2025)  | 1095 | 1097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Facs. Auth., Solid Waste Disposal Rev. Bonds (Waste Pro USA, Inc. Project), Series 2023-R-2, AMT, 6.50% <br> 10/1/2053 (put 10/1/2028) <sup>(a)</sup>  | 500 | 526 |
| Parish of St. James, Rev. Bonds (NuStar Logistics, LP Project), Series 2011, 3.70% 8/1/2041 (put 6/1/2030) <sup>(a)</sup>  | 450 | 452 |
|  |  | 6580 |
| **Maine 0.17%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Solid Waste Disposal Rev. Bonds (Casella Waste Systems, Inc. Project), Series 2015-R-3, AMT, 5.00% <br> 8/1/2035 <sup>(a)</sup>  | 115 | 117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Student Loan Rev. Bonds (Supplemental Education Loan Program), Series 2025-A-1, AMT, AGI, 5.00% <br> 12/1/2036  | 1280 | 1370 |
|  |  | 1487 |
| **Maryland 1.30%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Baltimore, Stadium Auth., Construction and Revitalization Program Rev. Bonds, Series 2016, 5.00% <br> 5/1/2035 (preref. 5/1/2026)  | 125 | 127 |
| County of Baltimore, Rev. Bonds (Riderwood Village, Inc. Fac.), Series 2020, 4.00% 1/1/2029  | 1000 | 1023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mayor and City Council of Baltimore, Special Obligation Rev. Ref. Bonds (Harbor Point Project), Series 2019-A, <br> 2.95% 6/1/2027 <sup>(a)</sup>  | 175 | 173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mayor and City Council of Baltimore, Special Obligation Rev. Ref. Bonds (Harbor Point Project), Series 2019-A, <br> 3.05% 6/1/2028 <sup>(a)</sup>  | 190 | 187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mayor and City Council of Baltimore, Special Obligation Rev. Ref. Bonds (Harbor Point Project), Series 2019-A, <br> 3.15% 6/1/2029 <sup>(a)</sup>  | 200 | 196 |
| GO Bonds, State and Local Facs. Loan of 2025, Series 2025-B-1, 5.00% 8/1/2029  | 3000 | 3294 |
| GO Bonds, State and Local Facs. Loan of 2024, Series 2024-A-1, 5.00% 6/1/2034  | 500 | 585 |

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Capital Group Short Duration Municipal Income ETF — Page 10 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Maryland (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Higher Educational Facs. Auth., Rev. Bonds (Maryland Institute College of Art Issue), Series 2024, <br> 5.25% 6/1/2029  | USD500 | $526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Montgomery, Rev. Bonds (CHE Trinity Health Credit Group), Series 2013, 2.95% 12/1/2041 (put <br>12/1/2025)  | 5000 | 5000 |
|  |  | 11111 |
| **Massachusetts 1.39%** |  |  |
| Dev. Fin. Agcy., Rev. Bonds (Gingercare Living Issue), Series 2024-B-3, 4.75% 12/1/2029 <sup>(a)</sup>  | 2700 | 2705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dev. Fin. Agcy., Rev. Bonds (Mass General Brigham, Inc.), Series 2019-T-1, (SIFMA Municipal Swap Index + 0.60%) <br> 3.49% 7/1/2049 (put 1/29/2026) <sup>(a)(b)</sup>  | 1875 | 1875 |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2024-B, AMT, 4.25% 7/1/2032  | 455 | 463 |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2022-B, AMT, 3.625% 7/1/2038  | 355 | 349 |
| Educational Fncg. Auth., Education Loan Rev. Bonds, Series 2023-B, AMT, 4.25% 7/1/2044  | 390 | 391 |
| GO Rev. Ref. Bonds, Series 2019-E, 3.00% 12/1/2025  | 100 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Rev. Bonds (University of Massachusetts Issue), Series 2000-A, 2.45% <br> 11/1/2030 (put 4/1/2026)  | 900 | 897 |
| Housing Fin. Agcy., Single Family Housing Rev. Bonds, Series 223, 3.00% 6/1/2047  | 1395 | 1380 |
| School Building Auth., Sales Tax Rev. Ref. Bonds (Social Bonds), Series 2025-B, 5.00% 2/15/2033  | 1895 | 2192 |
| Dept. of Transportation Metropolitan Highway System Rev. Ref. Bonds, Series 2019-A, 5.00% 1/1/2027  | 1480 | 1529 |
|  |  | 11881 |
| **Michigan 3.24%** |  |  |
| Building Auth., Rev. Ref. Bonds (Facs. Program), Series 2015-I, 5.00% 4/15/2026  | 1700 | 1702 |
| City of Detroit, Unlimited Tax GO Bonds, Series 2018, 5.00% 4/1/2027  | 1000 | 1028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Local Government Loan Program Rev. Bonds (Public Lighting Auth. Local Project Bonds), Series <br> 2014-B, 5.00% 7/1/2033  | 2485 | 2487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Local Government Loan Program Rev. Bonds (Public Lighting Auth. Local Project Bonds), Series <br> 2014-B, 5.00% 7/1/2034  | 1250 | 1251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fin. Auth., Local Government Loan Program Rev. Bonds (Public Lighting Auth. Local Project Bonds), Series <br> 2014-B, 5.00% 7/1/2039  | 3000 | 3003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hospital Fin. Auth., Rev. Bonds (Ascension Health Credit Group), Series 2010-F-6, 4.00% 11/15/2047 (preref. 11/<br> 15/2026)  | 1020 | 1037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Auth., Multi Family Housing Rev. Bonds (4401 Rosa Parks Apartments Project), Series 2025, 5.00% <br> 2/1/2028 (put 2/1/2027)  | 1060 | 1089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Auth., Multi Family Housing Rev. Bonds (Kalamazoo Community Courtyard Project), Series 2025, <br> 5.00% 12/1/2027 (put 12/1/2026)  | 1500 | 1533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Auth., Multi Family Housing Rev. Bonds (North Port Apartments Project), Series 2025, 5.00% <br> 8/1/2027 (put 8/1/2026)  | 2230 | 2268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Auth., Multi Family Housing Rev. Bonds (The Dean Apartments At Eastlawn Project), Series 2025, <br> 2.90% 9/1/2045 (put 9/1/2028)  | 3000 | 2995 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2017-B, 3.50% 6/1/2048  | 1360 | 1358 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2018-A, 4.00% 12/1/2048  | 1265 | 1270 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2018-C, 4.25% 6/1/2049  | 1325 | 1335 |
| Housing Dev. Auth., Single Family Mortgage Rev. Bonds, Series 2021-A, 3.00% 6/1/2052  | 1615 | 1596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Strategic Fund, Limited Obligation Rev. Bonds (Consumers Energy Co. Project), Series 2019, AMT, 3.35% <br> 10/1/2049 (put 10/1/2027)  | 2090 | 2079 |
| Trunk Line Fund Bonds (Rebuilding Michigan Program), Series 2021-A, 5.00% 11/15/2025  | 570 | 572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Wayne, Airport Auth., Airport Rev. Bonds (Detroit Metropolitan Wayne County Airport), Series 2023-B, <br> AMT, AGI, 5.00% 12/1/2030  | 970 | 1064 |
|  |  | 27667 |

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Capital Group Short Duration Municipal Income ETF — Page 11 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Minnesota 0.55%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| GO State Trunk Highway Rev. Ref. Bonds, Series 2022-B, 5.00% 8/1/2028  | USD2,000 | $2149 |
| Higher Education Supplemental Loan Auth., Rev. Bonds, Series 2020, AMT, 2.65% 11/1/2038  | 100 | 93 |
| Housing Fin. Agcy., Residential Housing Fin. Bonds, Series 2022-C, 3.50% 7/1/2052  | 690 | 690 |
| Various Purpose GO Bonds, Series 2022-A, 5.00% 8/1/2026  | 1685 | 1720 |
|  |  | 4652 |
| **Missouri 0.94%** |  |  |
| Health and Educational Facs. Auth., Health Facs. Rev. Bonds (CoxHealth), Series 2025-A, 5.00% 11/15/2032  | 750 | 835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Senior Living Facs. Rev. Ref. Bonds (Lutheran Senior Services), Series 2016-A, <br> 5.00% 2/1/2028  | 415 | 417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2024-G, 5.50% 5/1/2055  | 980 | 1057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2024-C, 6.00% 5/1/2055  | 365 | 405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2024-E, 6.00% 5/1/2055  | 3075 | 3425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Dev. Commission, Single Family Mortgage Rev. Bonds (First Place Homeownership Loan Program), <br> Series 2025-A, 6.00% 5/1/2056  | 1410 | 1553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Kansas City, Industrial Dev. Auth., Sales Tax Rev. Ref. and Improvement Bonds (Ward Parkway Center <br> Community Improvement Dist.), Series 2016-A, 4.25% 4/1/2026 <sup>(a)</sup>  | 100 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of St. Louis, Industrial Dev. Auth., Multi Family Rev. Bonds (The Brewery Apartments), Series 2025, 3.15% <br> 4/1/2046 (put 4/1/2028)  | 190 | 191 |
|  |  | 7983 |
| **Montana 0.77%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Housing, Multi Family Housing Rev. Bonds (Aspen Village Apartments Project), Series 2025, 2.90% <br> 12/1/2028 (put 12/1/2026)  | 1825 | 1823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Housing, Multi Family Housing Rev. Bonds (Aurora Apartments), Series 2024, 3.32% 7/1/2046 (put 2/1/<br> 2028)  | 1245 | 1254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board of Housing, Multi Family Housing Rev. Bonds (Twin Creek 4 Apartments Project), Series 2024, 5.00% <br> 9/1/2028 (put 9/1/2027)  | 361 | 375 |
| Board of Housing, Single Family Mortgage Bonds, Series 2019-A, FHA, 4.25% 12/1/2045  | 1435 | 1447 |
| Board of Housing, Single Family Mortgage Bonds, Series 2020-B, 4.00% 12/1/2050  | 1680 | 1698 |
|  |  | 6597 |
| **Nebraska 0.58%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Plains Energy Project, Gas Project Rev. Bonds (Project No. 5), Series 2022-1, 5.00% 5/1/2053 (put 10/1/<br> 2029)  | 2520 | 2680 |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2018-A, 4.00% 9/1/2048  | 565 | 568 |
| Investment Fin. Auth., Single Family Housing Rev. Bonds, Series 2019-B, AMT, 4.00% 9/1/2049  | 100 | 100 |
| Omaha Public Power Dist., Separate Electric System Rev. Bonds (Nebraska City 2), Series 2015-A, 5.00% 2/1/2033  | 1565 | 1568 |
|  |  | 4916 |
| **Nevada 0.58%** |  |  |
| Clark County School Dist., Limited Tax GO Building and Rev. Ref. Bonds, Series 2015-C, 4.00% 6/15/2032  | 465 | 466 |
| Clark County School Dist., Limited Tax GO Building Bonds, Series 2020-A, AGI, 5.00% 6/15/2026  | 500 | 509 |
| Clark County School Dist., Limited Tax GO Building Bonds, Series 2022-A, 5.00% 6/15/2031  | 500 | 564 |
| County of Clark, Pollution Control Rev. Ref. Bonds (Southern California Edison Co.), Series 2010, 2.10% 6/1/2031  | 350 | 318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Division, Multi Unit Housing Rev. Bonds (Carville Park Apartments), Series 2024, 5.00% 7/1/2028 (put 7/<br> 1/2027)  | 185 | 192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Las Vegas, Special Improvement Dist. No. 817 (Summerlin Village 29), Local Improvement Bonds, Series <br> 2023, 5.00% 6/1/2028  | 345 | 356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Las Vegas, Special Improvement Dist. No. 818 (Summerlin Village 27), Local Improvement Bonds, Series <br> 2024, 4.50% 12/1/2027  | 250 | 254 |

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Capital Group Short Duration Municipal Income ETF — Page 12 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Nevada (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Las Vegas, Special Improvement Dist. No. 819 (Summerlin Village 30A), Local Improvement Bonds, Series <br> 2025, 4.75% 6/1/2027  | USD135 | $138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Las Vegas, Special Improvement Dist. No. 819 (Summerlin Village 30A), Local Improvement Bonds, Series <br> 2025, 4.50% 6/1/2030  | 285 | 293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Las Vegas, Special Improvement Dist. No. 819 (Summerlin Village 30A), Local Improvement Bonds, Series <br> 2025, 4.00% 6/1/2031  | 120 | 120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas Convention and Visitors Auth., Convention Center Expansion and Renovation Rev. Bonds, Series <br> 2023-A, 5.00% 7/1/2027  | 350 | 365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Reno Dist. No. 1, Special Assessment and Local Improvement Bonds (Quilici Ranch), Series 2025, 5.00% <br> 6/1/2027 <sup>(a)</sup>  | 250 | 255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Reno Dist. No. 1, Special Assessment and Local Improvement Bonds (Quilici Ranch), Series 2025, 5.00% <br> 6/1/2028 <sup>(a)</sup>  | 185 | 191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Sparks, Tourism Improvement Dist. No. 1 (Legends at Sparks Marina), Sales Tax Anticipation Rev. Ref. <br> Bonds, Series 2019-A, 2.75% 6/15/2028 <sup>(a)</sup>  | 915 | 900 |
|  |  | 4921 |
| **New Hampshire 0.45%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Education Facs. Auth., Education Loan Rev. Bonds (Granite Edvance Corp. Issue), Series 2024-B, AMT, <br> 4.00% 11/1/2044  | 400 | 382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Education Facs. Auth., Education Loan Rev. Bonds (New Hampshire Higher Education Loan Corp. <br> Issue), Series 2023-B, AMT, 5.00% 11/1/2043  | 705 | 734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Fin. Auth., Lease Rent Rev. Bonds (Centurion Foundation Woodway Drive, LLC), Series 2024-A, 4.53% <br> 10/15/2034 <sup>(a)</sup>  | 750 | 765 |
| National Fin. Auth., Rev. Bonds (Winston-Salem Sustainable Energy Partners), Series 2025-A, 5.00% 6/1/2031  | 440 | 484 |
| National Fin. Auth., Special Rev. Bonds (Grand Prairie Project), Series 2024, 5.875% 12/15/2032 <sup>(a)</sup>  | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; National Fin. Auth., Specialty Pharmacy Rev. Bonds (University Hospitals Home Care Services, Inc.), Series 2024-A, <br> 5.625% 12/15/2033 <sup>(a)</sup>  | 425 | 436 |
|  |  | 3801 |
| **New Jersey 1.98%** |  |  |
| Econ. Dev. Auth., Special Fac. Rev. Bonds (Continental Airlines, Inc. Project), Series 1999, AMT, 5.25% 9/15/2029  | 1180 | 1182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Auth., Water Facs. Rev. Ref. Bonds (American Water Co., Inc. Project), Series 2020-B, AMT, 3.75% <br> 11/1/2034 (put 6/1/2028)  | 3420 | 3451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Educational Facs. Auth., Rev. Bonds (Higher Education Capital Improvement Fund Issue), Series 2023-A, 5.00% 9/<br> 1/2026  | 870 | 889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Facs. Fncg. Auth., Rev. Ref. Bonds (Hackensack Meridian Health Obligated Group Issue), Series <br> 2017-A, 5.00% 7/1/2037  | 380 | 391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Facs. Fncg. Auth., Rev. Ref. Bonds (Hackensack Meridian Health Obligated Group Issue), Series <br> 2017-A, 5.00% 7/1/2038  | 2510 | 2578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Facs. Fncg. Auth., Rev. Ref. Bonds (Hackensack Meridian Health Obligated Group Issue), Series <br> 2017-A, 5.00% 7/1/2039  | 485 | 497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Student Assistance Auth., Student Loan Rev. and Rev. Ref. Bonds, Series 2022, AMT, 4.00% 12/<br> 1/2041  | 340 | 339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Education Student Assistance Auth., Student Loan Rev. and Rev. Ref. Bonds, Series 2025, AMT, 4.50% 12/<br> 1/2045  | 1170 | 1186 |
| Higher Education Student Assistance Auth., Student Loan Rev. Bonds, Series 2015-1B, AMT, 5.00% 12/1/2031  | 1000 | 1065 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2019-B, AMT, 3.00% 12/1/2034  | 1275 | 1195 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2020-A, AMT, 3.50% 12/1/2039  | 355 | 349 |
| Higher Education Student Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2021-B, AMT, 2.50% 12/1/2040  | 495 | 464 |
| Housing and Mortgage Fin. Agcy., Single Family Housing Rev. Bonds, Series 2025-M, 6.50% 4/1/2056  | 500 | 567 |
| Tobacco Settlement Fncg. Corp., Tobacco Settlement Bonds, Series 2018-A, 5.00% 6/1/2026  | 175 | 177 |
| Turnpike Auth., Turnpike Rev. Bonds, Series 2020-D, 5.00% 1/1/2028  | 1015 | 1043 |
| Turnpike Auth., Turnpike Rev. Bonds, Series 2025-B, 5.00% 1/1/2030  | 1365 | 1504 |
|  |  | 16877 |

---

Capital Group Short Duration Municipal Income ETF — Page 13 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **New Mexico 0.08%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2020-A, Class I, 3.50% 1/1/2051  | USD170 | $170 |
| Mortgage Fin. Auth., Single Family Mortgage Program Bonds, Series 2025-A, Class I, 5.75% 3/1/2056  | 500 | 552 |
|  |  | 722 |
| **New York 7.46%** |  |  |
| Brooklyn Arena Local Dev. Corp., PILOT Rev. Ref. Bonds (Barclays Center), Series 2016-A, 5.00% 7/15/2026  | 1500 | 1518 |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2024-A, 5.00% 3/15/2031  | 1000 | 1128 |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2025-C, 5.00% 3/15/2031  | 1000 | 1128 |
| Dormitory Auth., State Personal Income Tax Rev. Bonds (General Purpose), Series 2025-C, 5.00% 3/15/2033  | 3410 | 3908 |
| Dormitory Auth., State Sales Tax Rev. Bonds, Series 2018-A, 5.00% 3/15/2026 (escrowed to maturity)  | 100 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dormitory Auth., Taxable State Personal Income Tax Rev. Bonds (General Purpose), Series 2025-A, 5.00% 3/15/<br> 2031  | 1010 | 1140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Environmental Facs. Corp., Solid Waste Disposal Rev. Bonds (Casella Waste Systems, Inc. Project), Series <br> 2020-R-1, 4.25% 9/1/2050 (put 9/3/2030) <sup>(a)</sup>  | 275 | 278 |
| Housing Fin. Agcy., 160 West 62nd Street Housing Rev. Bonds, Series 2011-A-1, 3.60% 11/1/2044 (put 4/1/2032)  | 425 | 434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Auth., Transportation Rev. Bonds, Series 2015-A-2, 5.00% 11/15/2045 (put 5/15/<br> 2030)  | 2000 | 2158 |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Green Bonds, Series 2017-C-1, 5.00% 11/15/2025  | 2100 | 2105 |
| Metropolitan Transportation Auth., Transportation Rev. Ref. Green Bonds, Series 2018-B, 5.00% 11/15/2025  | 740 | 742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Monroe, Industrial Dev. Agcy., Multi Family Housing Rev. Bonds (Andrews Terrace Community Partners, <br> L.P. Project), Series 2023-B-2, 5.00% 7/1/2028 (put 7/1/2027)  | 2390 | 2478 |
| New York City GO Bonds, Fiscal 2023, Series 2023-F-1, 5.00% 8/1/2029  | 1000 | 1093 |
| New York City GO Bonds, Fiscal 2026, Series 2026-B-1, 5.00% 8/1/2029  | 5000 | 5465 |
| New York City GO Bonds, Fiscal 2025, Series 2025-G-1, 5.00% 2/1/2030  | 850 | 939 |
| New York City GO Bonds, Fiscal 2025, Series 2025-G-1, 5.00% 2/1/2032  | 1030 | 1166 |
| New York City GO Bonds, Fiscal 2006, Series 2006-I-6, 5.00% 4/1/2032  | 1770 | 2008 |
| New York City GO Bonds, Fiscal 2025, Series 2025-G-1, 5.00% 2/1/2033  | 1910 | 2184 |
| New York City GO Bonds, Fiscal 2006, Series 2006-I-6, 5.00% 4/1/2033  | 1405 | 1609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Dev. Corp., Multi Family Housing Rev. Bonds, Series 2025, 3.30% 5/5/2055 (put 12/22/<br> 2025)  | 2565 | 2566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Dev. Corp., Multi Family Housing Rev. Green Bonds (Sustainable Dev. Bonds), Series <br> 2025-C-2, 3.75% 5/1/2065 (put 7/2/2029)  | 1000 | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Industrial Dev. Agcy., PILOT Rev. Ref. Bonds (Queens Baseball Stadium Project), Series 2021-A, <br> AGI, 5.00% 1/1/2028  | 1320 | 1389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Industrial Dev. Agcy., PILOT Rev. Ref. Bonds (Queens Baseball Stadium Project), Series 2021-A, <br> AGI, 5.00% 1/1/2031  | 1000 | 1108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, <br> Series 2018-EE, 5.00% 6/15/2029 (preref. 12/15/2025)  | 140 | 141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Municipal Water Fin. Auth., Water and Sewer System Second General Resolution Rev. Bonds, Fiscal <br> 2023, Series 2023-CC, 3.85% 6/15/2053 <sup>(b)</sup>  | 4900 | 4900 |
| New York City Transitional Fin. Auth., Building Aid Rev. Bonds, Series 2026-S-2, 5.00% 7/15/2034  | 1195 | 1382 |
| New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, Series 2025-H-1, 5.00% 11/1/2030  | 550 | 617 |
| Port Auth., Consolidated Bonds, Series 227, AMT, 3.00% 10/1/2028  | 500 | 500 |
| Port Auth., Consolidated Bonds, Series 194, 5.00% 10/15/2034  | 1970 | 1972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockland County Econ. Assistance Corp., Rev. Bonds (Bon Secours Health System, Inc.), Series 2025, 6.50% 11/1/<br> 2030  | 1500 | 1540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sullivan County Infrastructure Local Dev. Corp., Rev. Bonds (Adelaar Infrastructure Project), Series 2016-A-1, <br> 4.85% 11/1/2031 <sup>(a)</sup>  | 220 | 223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), <br> Series 2020-A, AMT, 5.00% 12/1/2025  | 1360 | 1364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), <br> Series 2020-C, 5.00% 12/1/2025  | 100 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), <br> Series 2022, AMT, 5.00% 12/1/2028  | 1000 | 1061 |

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Capital Group Short Duration Municipal Income ETF — Page 14 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **New York (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), <br> Series 2020-A, AMT, 5.00% 12/1/2029  | USD2,385 | $2568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Fac. Rev. Bonds (Terminal Four John F. Kennedy International Airport Project), <br> Series 2022, AMT, 5.00% 12/1/2031  | 2000 | 2183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Facs. Rev. Bonds (Delta Air Lines, Inc. LaGuardia Airport Terminals C & D <br> Redev. Project), Series 2018, AMT, 5.00% 1/1/2028  | 3110 | 3220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Dev. Corp., Special Facs. Rev. Bonds (Delta Air Lines, Inc. LaGuardia Airport Terminals C & D <br> Redev. Project), Series 2018, AMT, 5.00% 1/1/2029  | 2040 | 2112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge and Tunnel Auth., General Rev. Bonds (MTA Bridges and Tunnels), Series 2017-C-1, 5.00% 11/<br> 15/2025  | 155 | 155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Triborough Bridge and Tunnel Auth., General Rev. Bonds (MTA Bridges and Tunnels), Series 2023-A, 5.00% 11/<br> 15/2025  | 500 | 501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2016-A, 5.00% 3/15/2027 <br> (preref. 3/15/2026)  | 200 | 202 |
| Urban Dev. Corp., State Personal Income Tax Rev. Bonds (General Purpose), Series 2022-A, 5.00% 9/15/2031  | 1100 | 1248 |
|  |  | 63652 |
| **North Carolina 2.32%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Asheville, Housing Auth., Multi Family Housing Rev. Bonds (Vanderbilt Apartments), Series 2023, 5.00% <br> 11/1/2026 (put 11/1/2025)  | 515 | 516 |
| City of Charlotte, Water and Sewer System Rev. Bonds, Series 2024, 5.00% 7/1/2026  | 1000 | 1019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Cumberland, Industrial Facs. and Pollution Control Fncg. Auth., Solid Waste Disposal Rev. Bonds <br> (Project Aero), Series 2024, AMT, 3.75% 12/1/2027 (put 11/1/2025)  | 2000 | 2000 |
| Educational Assistance Auth., Student Loan Rev. Bonds, Series 2023-A, AMT, 5.00% 6/1/2043  | 255 | 264 |
| Educational Assistance Auth., Student Loan Rev. Ref. Bonds, Series 2025-A, AMT, 5.00% 6/1/2045  | 1340 | 1385 |
| Greater Asheville Regional Airport Auth., Airport System Rev. Bonds, Series 2023, AMT, 5.00% 7/1/2031  | 1845 | 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Rev. Bonds (Massachusetts Institute of Technology Issue), Series 2000, 4.00% <br> 11/1/2030 (put 4/1/2026)  | 800 | 806 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds, Series 44, 2.05% 1/1/2028  | 500 | 487 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds, Series 41, 4.00% 1/1/2050  | 865 | 870 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds, Series 47, 3.00% 7/1/2051  | 1200 | 1186 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds (1998 Trust Agreement), Series 55-A, 6.25% 7/1/2055  | 1635 | 1808 |
| Housing Fin. Agcy., Home Ownership Rev. Bonds (1998 Trust Agreement), Series 57-A, 6.25% 1/1/2056  | 1760 | 1986 |
| Housing Fin. Agcy., Home Ownership Rev. Ref. Bonds, Series 44, 4.00% 7/1/2050  | 1540 | 1554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inlivian Multi Family Housing Rev. Bonds (Central at Old Concord), Series 2025, 3.30% 11/10/2043 (put <br>11/1/2028)  | 520 | 525 |
| Inlivian Multi Family Housing Rev. Bonds (The Barton South), Series 2025-B, 3.375% 2/1/2029 (put 2/1/2028)  | 1365 | 1375 |
| County of Mecklenburg, Limited Obligation Bonds, Series 2025, 5.00% 2/1/2030  | 975 | 1081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medical Care Commission, Health Care Facs. First Mortgage Rev. Ref. Bonds (The Presbyterian Homes Obligated <br> Group), Series 2016-C, 4.00% 10/1/2031  | 260 | 261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medical Care Commission, Retirement Facs. First Mortgage Rev. Bonds (Penick Village Project), Series 2024-B-2, <br> 4.50% 9/1/2029  | 230 | 230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medical Care Commission, Retirement Facs. First Mortgage Rev. Bonds (Penick Village Project), Series 2024-B-1, <br> 4.75% 9/1/2029  | 170 | 170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Town of Morehead City, Multi Family Housing Rev. Bonds (Elijah's Landing), Series 2024, 4.05% 1/1/2028 (put 1/<br> 1/2027)  | 150 | 152 |
| North Carolina Central University, General Rev. Bonds (The Board of Governors), Series 2016, 5.00% 10/1/2025  | 125 | 125 |
|  |  | 19825 |
| **North Dakota 0.20%** |  |  |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2019-C, 4.00% 1/1/2050  | 320 | 324 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2021-B, 3.00% 7/1/2052  | 1205 | 1187 |
| Housing Fin. Agcy., Housing Fin. Program Bonds (Home Mortgage Fin. Program), Series 2024-D, 6.00% 7/1/2055  | 170 | 190 |
|  |  | 1701 |

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Capital Group Short Duration Municipal Income ETF — Page 15 of 27

------

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Ohio 1.97%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Air Quality Dev. Auth. Rev. Ref. Bonds, (American Electric Power Co. Project), Series 2014-D, 3.20% 5/1/2026  | USD140 | $140 |
| Air Quality Dev. Auth. Rev. Ref. Bonds, (American Electric Power Co. Project), Series 2005-B, AMT, 3.70% 7/1/2028  | 1440 | 1442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Quality Dev. Auth., Air Quality Rev. Ref. Bonds (Ohio Valley Electric Corp. Project), Series 2019-A, 3.25% 9/1/<br> 2029  | 1700 | 1684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akron, Bath and Copley Joint Township Hospital Dist., Hospital Facs. Rev. Ref. Bonds (Summa Health Obligated <br> Group), Series 2020, 5.00% 11/15/2027  | 185 | 192 |
| City of Columbus, Various Purpose Unlimited Tax GO Bonds, Series 2024-A, 5.00% 8/15/2026  | 1000 | 1022 |
| County of Franklin, Health Care Facs. Rev. Ref. Bonds (Ohio Living Communities), Series 2022, 4.00% 7/1/2033  | 500 | 488 |
| Hospital Rev. Bonds (Aultman Health Foundation), Series 2018, 5.00% 12/1/2028 <sup>(a)</sup>  | 250 | 253 |
| Hospital Rev. Ref. Bonds (Cleveland Clinic Health System Obligated Group), Series 2017-A, 3.25% 1/1/2035  | 250 | 244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Beechwood Apartments), Series 2025, 3.37% 3/1/2028 (put <br> 3/1/2027)  | 1175 | 1183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Multi Family Housing Rev. Bonds (Community Pendleton Project), Series 2025, 3.40% <br> 7/1/2042 (put 2/1/2028)  | 1300 | 1309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2022-A, <br> 3.25% 9/1/2052  | 360 | 358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Residential Mortgage Rev. Bonds (Mortgage-Backed Securities Program), Series 2025-B, <br> 6.50% 3/1/2056  | 2075 | 2366 |
| Major New State Infrastructure Project Rev. Bonds, Series 2019-1, 5.00% 12/15/2025  | 195 | 196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Norwood, Special Obligation Rev. Ref. Bonds (Rookwood Exchange Project), Series 2025, 4.375% 12/1/<br> 2030  | 645 | 652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Summit, Dev. Fin. Auth. Multi Family Housing Rev. Bonds (Wintergreen Ledges Apartments), Series <br> 2025, 5.00% 4/1/2028 (put 4/1/2027)  | 2270 | 2338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Warren, Healthcare Facs., Improvement and Rev. Ref. Bonds (Otterbein Homes Obligated Group), <br> Series 2024, 5.00% 7/1/2026  | 335 | 339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Warren, Healthcare Facs., Improvement and Rev. Ref. Bonds (Otterbein Homes Obligated Group), <br> Series 2024, 5.00% 7/1/2027  | 470 | 485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Warren, Healthcare Facs., Improvement and Rev. Ref. Bonds (Otterbein Homes Obligated Group), <br> Series 2024, 5.00% 7/1/2028  | 640 | 672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Warren, Healthcare Facs., Improvement and Rev. Ref. Bonds (Otterbein Homes Obligated Group), <br> Series 2024, 5.00% 7/1/2029  | 315 | 336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Warren, Healthcare Facs., Improvement and Rev. Ref. Bonds (Otterbein Homes Obligated Group), <br> Series 2024, 5.00% 7/1/2030  | 550 | 596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water Dev. Auth., Water Pollution Control Loan Fund Rev. Ref. Bonds, Series 2015-B, 5.00% 12/1/2026 (preref. <br> 12/1/2025)  | 500 | 502 |
|  |  | 16797 |
| **Oklahoma 0.30%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Agcy., Single Family Mortgage Rev. Bonds (Homeownership Loan Program), Series 2025-A, 6.25% <br> 9/1/2056  | 1560 | 1767 |
| Turnpike Auth., Turnpike System Rev. Bonds, Series 2017-C, 5.00% 1/1/2042  | 800 | 805 |
|  |  | 2572 |
| **Oregon 0.82%** |  |  |
| GO Bonds (Article XI-M, XI-N, and XI-P State Grant Programs), Series 2025-C, 5.00% 6/1/2028  | 1000 | 1070 |
| GO Bonds (Article XI-Q State Projects), Series 2025-A, 5.00% 5/1/2030  | 1130 | 1262 |
| GO Rev. Ref. Bonds (Article XI-F1 State Projects), Series 2025-F, 5.00% 8/1/2029  | 1200 | 1319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing and Community Services Dept., Mortgage Rev. Bonds (Single Family Mortgage Program), Series <br> 2024-C, 6.50% 7/1/2054  | 390 | 435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing and Community Services Dept., Muti Family Housing Rev. Bonds, (Redmond Landing Apartments <br> Project), Series 2024-K-2, 3.01% 5/1/2028 (put 5/1/2027)  | 1000 | 1002 |
| City of Portland, Sewer System Rev. Bonds, Series 2020-A, 5.00% 3/1/2030  | 1160 | 1288 |
| Dept. of Transportation, Grant Anticipation Rev. Bonds, Series 2024, 5.00% 5/15/2027  | 575 | 599 |
|  |  | 6975 |

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Capital Group Short Duration Municipal Income ETF — Page 16 of 27

------

**unaudited**

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Pennsylvania 3.04%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| County of Allegheny, Hospital Dev. Auth., UPMC Rev. Bonds, Series 2021-B, 5.00% 10/15/2025  | USD740 | $741 |
| County of Bucks, Industrial Dev. Auth., Rev. Bonds (Pennswood Village Project), Series 2018-A, 5.00% 10/1/2027  | 760 | 776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Chester, Industrial Dev. Auth., Rev. Notes (Avon Grove Charter School Project), Series 2024, 5.00% 3/1/<br> 2027  | 500 | 506 |
| City of Doylestown, Hospital Auth., Rev. Bonds (Doylestown Hospital), Series 2024, 5.00% 7/1/2031 <sup>(a)</sup>  | 155 | 165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; East Hempfield Township, Industrial Dev. Auth., Rev. and Rev. Ref. Bonds (Willow Valley Communities Project), <br> Series 2016, 5.00% 12/1/2028  | 715 | 716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fncg. Auth., Private Activity Rev. Bonds (The Pennsylvania Rapid Bridge Replacement Project), Series <br> 2015, AMT, 5.00% 12/31/2028  | 895 | 906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2011, AMT, <br> 4.25% 7/1/2041 (put 7/1/2027)  | 2750 | 2771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Bonds (Waste Management, Inc. Project), Series 2021-A-2, <br> AMT, 4.60% 10/1/2046 (put 10/1/2026)  | 1250 | 1255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Ref. Bonds (Republic Services, Inc. Project), Series 2019-A, <br> AMT, 3.85% 4/1/2034 (put 10/15/2025)  | 1285 | 1285 |
| Fncg. Auth., Rev. Bonds (Tobacco Master Settlement Payment), Series 2018, 5.00% 6/1/2026  | 1800 | 1825 |
| Fncg. Auth., Rev. Bonds (Tobacco Master Settlement Payment), Series 2018, 5.00% 6/1/2030  | 2000 | 2115 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2025-1A, AMT, 5.00% 6/1/2031  | 700 | 747 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2024-1A, AMT, 5.00% 6/1/2032  | 2000 | 2145 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2020, 2.45% 6/1/2041  | 120 | 110 |
| Higher Education Assistance Agcy., Education Loan Rev. Bonds, Series 2024-1A, AMT, 4.125% 6/1/2045  | 59 | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Higher Educational Facs. Auth., Health System Rev. Bonds, Series 2016-AT-1, 5.00% 6/15/2030 (escrowed to <br> maturity)  | 590 | 599 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2018-126-A, 4.00% 10/1/2048  | 1975 | 1980 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2019-131-A, 3.50% 4/1/2049  | 185 | 185 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2020-133, 3.00% 10/1/2050  | 1655 | 1640 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2022-140-A, 5.00% 10/1/2052  | 210 | 217 |
| Housing Fin. Agcy., Single Family Mortgage Rev. Bonds, Series 2024-146A, 6.25% 10/1/2054  | 10 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Philadelphia, Hospitals and Higher Education Facs. Auth., Hospital Rev. Bonds (Temple University Health <br> System Obligated Group), Series 2017, 5.00% 7/1/2031  | 500 | 510 |
| Philadelphia School Dist., GO Bonds, Series 2016-F, 5.00% 9/1/2028  | 2500 | 2543 |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2016-A-1, 5.00% 12/1/2027  | 1060 | 1077 |
| Turnpike Commission, Turnpike Rev. Bonds, Series 2015-B, 5.00% 12/1/2045  | 1000 | 1004 |
|  |  | 25887 |
| **Puerto Rico 1.55%** |  |  |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2017 <sup>(d)</sup>  | 205 | 140 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 4.25% 7/1/2020 <sup>(d)</sup>  | 335 | 229 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2021 <sup>(d)</sup>  | 275 | 188 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2025  | 25 | 17 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-ZZ, 4.75% 7/1/2027 <sup>(d)</sup>  | 160 | 110 |
| Electric Power Auth., Power Rev. Bonds, Series 2007-TT, 5.00% 7/1/2032 <sup>(d)</sup>  | 10 | 7 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XX, 5.25% 7/1/2035 <sup>(d)</sup>  | 125 | 86 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-XXX, 5.75% 7/1/2036 <sup>(d)</sup>  | 320 | 220 |
| Electric Power Auth., Power Rev. Bonds, Series 2010-YY, 6.125% 7/1/2040  | 200 | 138 |
| Electric Power Auth., Power Rev. Custodial Receipts, Series 2025-PRB-RR, 0% 7/1/2030 <sup>(a)</sup>  | 1000 | 681 |
| Electric Power Auth., Power Rev. Ref. Bonds, Series 2010-DDD, 5.00% 7/1/2021 <sup>(d)</sup>  | 1000 | 685 |
| GO Taxable Bonds, Series 2022, 0% 11/1/2043 <sup>(b)</sup>  | 8700 | 5764 |
| GO Taxable Bonds, CAB, Series 2022, 0% 11/1/2051  | 5589 | 3780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial, Tourist, Educational, Medical and Environmental Control Facs. Fncg. Auth., Hospital Rev. and Rev. Ref. <br> Bonds (Hospital Auxilio Mutuo Obligated Group Project), Series 2021, 5.00% 7/1/2029  | 500 | 530 |
| Sales Tax Fncg. Corp., Sales Tax Rev. Restructured Bonds, CAB, Series 2018-A-1, 0% 7/1/2031  | 814 | 667 |
|  |  | 13242 |

---

Capital Group Short Duration Municipal Income ETF — Page 17 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Rhode Island 0.30%**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing and Mortgage Fin. Corp., Multi Family Dev. Green Bonds, Series 2024-1-A, FHA, 3.60% 10/1/2054 (put <br> 10/1/2027)  | USD350 | $351 |
| Student Loan Auth., Education Loan Rev. Bonds, Series 2022-A, AMT, 4.125% 12/1/2041  | 420 | 410 |
| Student Loan Auth., Education Loan Rev. Bonds, Series 2023-A, AMT, 4.125% 12/1/2042  | 320 | 308 |
| Student Loan Auth., Education Loan Rev. Bonds, Series 2024-A, AMT, 4.125% 12/1/2043  | 95 | 91 |
| Student Loan Auth., Education Loan Rev. Bonds, Series 2024-B, AMT, 4.125% 12/1/2043  | 1235 | 1169 |
| Tobacco Settlement Fin. Corp., Tobacco Settlement Asset-Backed Bonds, Series 2015-A, 5.00% 6/1/2026  | 250 | 251 |
|  |  | 2580 |
| **South Carolina 1.58%** |  |  |
| Connector 2000 Assn., Inc., Toll Road Rev. Bonds, CAB, Series 2011-A-1, 0% 1/1/2032  | 347 | 231 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2022-B, 5.00% 1/1/2052  | 1705 | 1784 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2024-A, 6.25% 7/1/2054  | 1430 | 1592 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2024-B, 6.00% 1/1/2055  | 1640 | 1824 |
| Housing Fin. and Dev. Auth., Mortgage Rev. Bonds, Series 2025-A, 6.50% 7/1/2055  | 1515 | 1731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. and Dev. Auth., Multi Family Housing Rev. Bonds (573 Meeting Street Project), Series 2024, 3.00% <br> 4/1/2043 (put 4/1/2027)  | 2500 | 2503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jobs-Econ. Dev. Auth., Health Care Facs. Rev. Bonds (Novant Health Obligated Group), Series 2024-A, 5.00% 11/<br> 1/2031  | 1000 | 1116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Myrtle Beach, Tax Increment Rev. Ref. Bonds (Myrtle Beach Air Force Base Redev. Project Area), Series <br> 2016, 5.00% 10/1/2028  | 1210 | 1237 |
| Public Service Auth., Improvement Rev. Obligations, Series 2021-B, 5.00% 12/1/2029  | 1360 | 1492 |
|  |  | 13510 |
| **South Dakota 0.43%** |  |  |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2018-A, 4.00% 11/1/2048  | 1875 | 1881 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2019-B, 4.00% 5/1/2049  | 1360 | 1367 |
| Housing Dev. Auth., Homeownership Mortgage Bonds, Series 2025-A, 6.50% 11/1/2055  | 385 | 440 |
|  |  | 3688 |
| **Tennessee 1.12%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Collateralized Multi Family Rev. Bonds (BTT Dev. IV and Housing Assoc. Rural <br> Dev. Program), Series 2024, 3.00% 4/1/2028 (put 4/1/2027)  | 870 | 872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Board of the Metropolitan Government of Nashville and Davidson County, Multi <br> Family Rev. Bonds (Trinity Flats Apartments), Series 2024-B, 3.65% 10/1/2046 (put 7/1/2028)  | 575 | 584 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2019-2, 4.00% 1/1/2048  | 935 | 946 |
| Housing Dev. Agcy., Residential Fin. Program Bonds, Series 2018-3, 4.25% 7/1/2049  | 1095 | 1103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Knox, Health, Educational and Housing Fac. Board, Multi Family Housing Rev. Bonds (The Pines <br> Apartments Project), Series 2024, 3.10% 9/1/2029 (put 9/1/2027)  | 2310 | 2320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Knox, Health, Educational and Housing Fac. Board, Multi Family Housing Rev. Bonds (Westview Towers <br> Project), Series 2022, 3.95% 12/1/2027  | 2500 | 2503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Dev. and Housing Agcy., Tax Increment Dev. Rev. Bonds (Fifth & Broadway Dev. Project), Series <br> 2018, 4.50% 6/1/2028 <sup>(a)</sup>  | 200 | 202 |
| Tennergy Corp., Gas Supply Rev. Bonds, Series 2021-A, 4.00% 12/1/2051 (put 9/1/2028)  | 1000 | 1025 |
|  |  | 9555 |
| **Texas 8.27%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affordable Housing Corp., Multi Family Housing Rev. Bonds (Juniper Creek Apartments Project), Series 2023, <br> 3.75% 7/1/2044 (put 7/1/2026)  | 500 | 503 |
| Allen Independent School Dist. Unlimited Tax School Building Bonds, Series 2025-A, 5.00% 2/15/2026  | 790 | 797 |
| Argyle Independent School Dist., Unlimited Tax School Building Bonds, Series 2025-A, 5.00% 8/15/2034  | 3680 | 4213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Austin Affordable PFC, Inc., Multi Family Housing Rev. Bonds (Eagle's Landing Family Apartments), Series 2024-B, <br> 5.00% 9/1/2028 (put 9/1/2027)  | 300 | 313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Austin Affordable PFC, Inc., Multi Family Housing Rev. Bonds (Village at Cottonwood Apartments), Series 2024-B, <br> 5.00% 9/1/2028 (put 9/1/2027)  | 405 | 421 |

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Capital Group Short Duration Municipal Income ETF — Page 18 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Texas (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| City of Austin, Airport System Rev. Ref. Bonds, Series 2019, AMT, 5.00% 11/15/2025  | USD1,055 | $1058 |
| City of Austin, Electric Utility System Rev. Ref. Bonds, Series 2015-A, 5.00% 11/15/2029  | 2000 | 2005 |
| Brazos Higher Education Auth., Inc., Student Loan Program Rev. Bonds, Series 2025-1A, AMT, 5.00% 4/1/2029  | 1700 | 1786 |
| Brazos Higher Education Auth., Inc., Student Loan Program Rev. Bonds, Series 2025-1A, AMT, 4.50% 4/1/2046  | 1220 | 1229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Buda, Special Assessment Rev. Bonds (Persimmon Public Improvement Dist. Major Improvement Area No. <br> 1), Series 2025, 5.00% 9/1/2033 <sup>(a)</sup>  | 100 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Buda, Special Assessment Rev. Bonds (Persimmon Public Improvement Dist. Major Improvement Area <br> Project), Series 2025, 5.75% 9/1/2033 <sup>(a)</sup>  | 78 | 79 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Area Housing Fin. Corp., Multi Family Housing Rev. Bonds (The Katy), Series 2024, 3.125% 9/1/2029 (put <br> 9/1/2027)  | 2775 | 2799 |
| Central Texas Regional Mobility Auth., Rev. Bond Anticipation Notes, Series 2021-C, 5.00% 1/1/2027  | 3630 | 3647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Fin. Corp., Education Rev. and Rev. Ref. Bonds (Idea Public Schools), Series 2025, 5.00% <br> 8/15/2029  | 2000 | 2174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton Higher Education Fin. Corp., Education Rev. Ref. Bonds (International Leadership of Texas, Inc.), Series <br> 2025-B, 4.00% 2/15/2055 (put 2/15/2030)  | 950 | 989 |
| County of Collin, Road and Rev. Ref. Bonds, Series 2016, 4.00% 2/15/2027  | 500 | 503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corpus Christi Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2020, 5.00% <br> 8/15/2027  | 675 | 707 |
| Crowley Independent School Dist., Unlimited Tax School Building Bonds, Series 2019, 5.00% 8/1/2029  | 400 | 433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cities of Dallas and Fort Worth, Dallas/Fort Worth International Airport, Joint Rev. Ref. Bonds, Series 2023-B, <br> 5.00% 11/1/2025  | 200 | 200 |
| Dallas Area Rapid Transit Sales Tax Rev. Ref. Bonds, Series 2016-A, 5.00% 12/1/2046 (preref. 12/1/2025)  | 665 | 668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Dallas Housing Fin. Corp., Multi Family Housing Rev. Bonds (Palladium Buckner Station), Series 2025, <br> 3.05% 8/1/2030 (put 8/1/2028)  | 600 | 603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Dallas Housing Fin. Corp., Multi Family Housing Rev. Bonds (West Virginia Apartments), Series 2024-B, <br> 5.00% 10/1/2028 (put 10/1/2027)  | 430 | 447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Denton, Special Assessment Rev. Bonds (Duck Point Public Improvement Dist.), Series 2025, 4.375% <br> 12/31/2030 <sup>(a)</sup>  | 400 | 402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Denton, Special Assessment Rev. Bonds (Green Meadows Public Improvement Dist. Major <br> Improvement Area Project), Series 2025, 4.25% 12/31/2030 <sup>(a)</sup>  | 305 | 308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Denton, Special Assessment Rev. Bonds (Tabor Ranch Public Improvement Dist. Improvement Area #1 <br> Project), Series 2024-A, 4.625% 12/31/2031 <sup>(a)</sup>  | 214 | 218 |
| County of El Paso, Hospital Dist. GO Bonds, Series 2025, 5.00% 2/15/2031  | 1200 | 1327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fort Bend Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2021-B, 0.72% 8/1/2051 (put 8/1/<br> 2026)  | 200 | 195 |
| City of Galveston, Wharves and Terminal Rev. Bonds, Series 2024-A, AMT, 5.00% 8/1/2029  | 450 | 477 |
| Grapevine-Colleyville Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2025, 5.00% 8/15/2026  | 1385 | 1415 |
| County of Harris, Sports Auth., Rev. Ref. Bonds, CAB, Series 2001-H, NATL, 0% 11/15/2025 (escrowed to maturity)  | 1000 | 996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harris County Cultural Education Facs. Fin. Corp., First Mortgage Rev. Bonds (Brazos Presbyterian Homes, Inc. <br> Project), Series 2013-B, 5.75% 1/1/2028  | 230 | 230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harris County Housing Fin. Corp., Multi Family Housing Rev. Notes (Baypointe Apartments), Series 2025, 2.95% <br> 9/1/2043 (put 9/1/2028)  | 1000 | 999 |
| Dept. of Housing and Community Affairs, Residential Mortgage Rev. Ref. Bonds, Series 2025-D, 6.25% 1/1/2056  | 1500 | 1679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Options, Inc., Multi Family Housing Rev. Bonds (Royal Crest Apartments), Series 2025, 3.05% 2/1/2045 <br> (put 2/1/2028)  | 415 | 417 |
| City of Houston, Airport System Rev. and Rev. Ref. Bonds, Series 2025-A, AMT, 5.00% 7/1/2033  | 2000 | 2219 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2023-B, AGI, AMT, 5.00% 7/1/2028  | 1000 | 1057 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2023-B, AGI, AMT, 5.00% 7/1/2029  | 1000 | 1073 |
| City of Houston, Airport System Rev. Ref. Bonds, Series 2023-B, AGI, AMT, 5.00% 7/1/2031  | 1500 | 1651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Houston, Airport System Special Facs. Rev. Ref. Bonds (United Airlines, Inc. Terminal Improvement <br> Projects), Series 2020-B-2, AMT, 5.00% 7/15/2027  | 1000 | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Houston, Airport System Special Facs. Rev. Ref. Bonds (United Airlines, Inc. Terminal Improvement <br> Projects), Series 2020-C, AMT, 5.00% 7/15/2027  | 1500 | 1527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Houston, Airport System Special Facs. Rev. Ref. Bonds (United Airlines, Inc. Terminal Improvement <br> Projects), Series 2015-B-1, AMT, 5.00% 7/15/2030  | 500 | 500 |

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Capital Group Short Duration Municipal Income ETF — Page 19 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Texas (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Houston Housing Fin. Corp., Multi Family Housing Rev. Bonds (Alcott Village), Series 2024-A, 3.20% 4/1/2028  | USD1,000 | $1000 |
| Humble Independent School Dist., Unlimited Tax School Building Bonds, Series 2022, 5.00% 2/15/2028  | 640 | 679 |
| Klein Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2016-A, 3.00% 8/1/2028  | 750 | 750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City of Lavon, Special Assessment Rev. Bonds (Trails of Lavon Public Community Dist. Projects), Series 2025, <br> 4.25% 9/15/2032 <sup>(a)</sup>  | 213 | 216 |
| Leander Independent School Dist., Unlimited Tax School Building Bonds, CAB, Series 2025-A, 0% 8/15/2027  | 590 | 561 |
| Love Field Airport Modernization Corp., Special Facs. Rev. Bonds, Series 2012, AMT, 5.00% 11/1/2028  | 615 | 615 |
| Mesquite Independent School Dist., Unlimited Tax Building Rev. Ref. Bonds, Series 2025, 5.00% 8/15/2026  | 435 | 445 |
| Mission Econ. Dev. Corp., Rev. Bonds (Natgasoline Project), Series 2018, AMT, 4.625% 10/1/2031 <sup>(a)</sup>  | 500 | 501 |
| Municipal Gas Acquisition and Supply Corp. I, Gas Supply Rev. Bonds, Series 2008-D, 6.25% 12/15/2026  | 3780 | 3860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Gas Acquisition and Supply Corp. IV, Gas Supply Rev. Bonds, Series 2023-A, 5.50% 1/1/2054 (put 1/1/<br> 2030)  | 1250 | 1345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope Cultural Education Facs. Fin. Corp., Retirement Fac. Rev. Bonds (Bella Vida Forefront Living Project), <br> Series 2025-B-3, 4.25% 10/1/2030  | 585 | 588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Texas Higher Education Auth., Inc., Education Loan Rev. Bonds, Senior Series 2025-A, AMT, 5.00% 6/1/<br> 2032  | 225 | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Texas Higher Education Auth., Inc., Education Loan Rev. Bonds, Senior Series 2024-1-A, AMT, 4.125% <br>6/1/2045  | 375 | 368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Texas Higher Education Auth., Inc., Education Loan Rev. Bonds, Senior Series 2025-A, AMT, 4.50% <br>6/1/2046  | 1380 | 1383 |
| North Texas Tollway Auth., System Rev. Ref. Bonds, CAB, Series 2008-D, AGI, 0% 1/1/2030  | 2000 | 1762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwest Independent School Dist., Unlimited Tax School Building Bonds, Series 2017, 5.00% 2/15/2042 <br> (preref. 2/15/2026)  | 1025 | 1034 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2019, 4.00% 2/1/2027  | 600 | 613 |
| City of San Antonio, Electric and Gas Systems Rev. Ref. Bonds, Series 2022, 5.00% 2/1/2028  | 1000 | 1055 |
| Sherman Independent School Dist., Unlimited Tax School Building Bonds, Series 2025, 5.00% 2/15/2033  | 1000 | 1143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spring Branch Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2025, 5.00% <br> 2/1/2036  | 1500 | 1721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spring Independent School Dist., Unlimited Tax School Building and Rev. Ref. Bonds, Series 2025, 5.00% 8/15/<br> 2026  | 585 | 598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Tarrant, Housing Fin. Corp., Multi Family Housing Rev. Notes (Wildwood Branch), Series 2025, 3.60% <br> 2/1/2043 (put 2/1/2028)  | 1875 | 1898 |
| Tomball Business Improvement Dist. No. 1, Unlimited Tax Bonds, Series 2024, 4.00% 11/15/2031  | 305 | 312 |
| Tomball Business Improvement Dist. No. 1, Unlimited Tax Bonds, Series 2024, 4.00% 11/15/2032  | 320 | 326 |
| Tomball Independent School Dist., Unlimited Tax School Building Bonds, Series 2025, 5.00% 2/15/2027  | 700 | 724 |
| Transportation Commission, Central Texas Turnpike System Rev. Ref. Bonds, Series 2024-C, 5.00% 8/15/2031  | 360 | 404 |
| Turnpike Auth., Central Texas Turnpike System, Rev. Bonds, CAB, Series 2002-A, AMBAC, 0% 8/15/2027  | 1000 | 949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water Dev. Board, State Water Implementation Rev. Fund, Rev. Bonds (Master Trust), Series 2017-A, 5.00% 4/15/<br> 2028  | 2000 | 2103 |
|  |  | 70576 |
| **Utah 0.70%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Downtown Revitalization Public Infrastructure Dist., Sales Tax Rev. Bonds (SEG Redev. Project), Series 2025-C, <br> 5.00% 7/15/2035 <sup>(a)</sup>  | 270 | 272 |
| Housing Corp., Multi Family Housing Rev. Bonds (Liberty Corner), Series 2025, 3.00% 9/1/2046 (put 9/1/2029)  | 1045 | 1046 |
| Housing Corp., Single Family Mortgage Bonds, Series 2024-G, 6.25% 7/1/2055  | 640 | 719 |
| Housing Corp., Single Family Mortgage Bonds, Series 2024-I, 6.25% 7/1/2055  | 300 | 339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MIDA Mountain Village Public Infrastructure Dist., Special Assessment Rev. Bonds (Mountain Village Assessment <br> Area #2), Series 2021, 4.00% 8/1/2027 <sup>(a)</sup>  | 450 | 452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MIDA Mountain Village Public Infrastructure Dist., Special Assessment Rev. Bonds (Mountain Village Assessment <br> Area #2), Series 2021, 4.00% 8/1/2029 <sup>(a)</sup>  | 950 | 959 |
| Salt Lake City, Airport Rev. Bonds (Salt Lake City International Airport), Series 2023-A, AMT, 5.00% 7/1/2029  | 500 | 538 |

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Capital Group Short Duration Municipal Income ETF — Page 20 of 27

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| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Utah (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Open Infrastructure Agcy., Sales Tax and Telecommunications Rev. Ref. Bonds, Series 2022, <br> 5.00% 6/1/2027  | USD600 | $624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Three Bridges Public Infrastructure Dist. No. 1, Special Assessment Bonds (Three Bridges Assessment Area No. <br> 1), Series 2024-1, 5.00% 12/1/2036 <sup>(a)</sup>  | 1000 | 992 |
|  |  | 5941 |
| **Vermont 0.34%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Econ. Dev. Auth., Solid Waste Disposal Rev. Bonds (Casella Waste Systems, Inc. Project), Series 2022-A-2, AMT, <br> 4.375% 6/1/2052 (put 6/1/2032) <sup>(a)</sup>  | 670 | 668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Educational and Health Buildings Fncg. Agcy., Rev. Bonds (The University of Vermont Medical Center Project), <br> Series 2016-A, 5.00% 12/1/2033  | 610 | 615 |
| Student Assistance Corp., Education Loan Rev. Bonds, Series 2023, AMT, 5.00% 6/15/2033  | 1530 | 1634 |
|  |  | 2917 |
| **Virgin Islands 0.21%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matching Fund Special Purpose Securitization Corp., Matching Fund Securitization Bonds, Series 2022-A, 5.00% <br> 10/1/2025  | 500 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matching Fund Special Purpose Securitization Corp., Matching Fund Securitization Bonds, Series 2022-A, 5.00% <br> 10/1/2026  | 1285 | 1295 |
|  |  | 1795 |
| **Virginia 2.60%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Amelia, Industrial Dev. Auth., Solid Waste Disposal Rev. and Rev. Ref. Bonds (Waste Management, Inc. <br> Project), Series 2002, AMT, 1.45% 4/1/2027  | 575 | 556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Arlington, Industrial Dev. Auth., Multifamily Housing Rev. Bonds (Park Shirlington Apartments), Series <br> 2023-A, 5.00% 1/1/2026  | 1000 | 1006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Charles City, Industrial Dev. Auth., Solid Waste Disposal Rev. Bonds (Waste Management of Virginia, <br> Inc. Project), Series 2003-A, AMT, 4.25% 8/1/2027  | 1000 | 1010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chesapeake Redev. and Housing Auth., Multi Family Housing Rev. Bonds (Hunters Point Apartments), Series <br> 2023, 5.00% 5/1/2043 (put 5/1/2026)  | 3000 | 3035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; College Building Auth., Educational Facs. Rev. Bonds (21st Century College and Equipment Programs), Series <br> 2017-C, 5.00% 2/1/2031  | 1260 | 1300 |
| Hampton Roads Sanitation Dist., Wastewater Rev. Bonds, Series 2025-A, 5.00% 7/15/2026  | 4000 | 4071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hampton Roads, Transportation Accountability Commission, Bond Anticipation Notes (Hampton Roads <br> Transportation Fund), Series 2021-A, 5.00% 7/1/2026 (escrowed to maturity)  | 1790 | 1822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of James City, Econ. Dev. Auth., Residential Care Fac. Rev. Bonds (Williamsburg Landing), Series <br> 2024-C-2, 5.50% 12/1/2028  | 365 | 366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Town of Louisa, Industrial Dev. Auth., Pollution Control Rev. Ref. Bonds (Virginia Electric and Power Co. Project), <br> Series 2008-B, 3.125% 11/1/2035 (put 10/1/2030)  | 1040 | 1050 |
| Public Building Auth., Public Facs. Rev. Bonds, Series 2015-B, AMT, 5.00% 8/1/2028  | 800 | 848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Fncg. Auth., Rev. Bonds (National Senior Campuses, Inc. Obligated Group), Series 2020-A, 5.00% <br> 1/1/2027  | 500 | 511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Fncg. Auth., Rev. Bonds (National Senior Campuses, Inc. Obligated Group), Series 2020-A, 5.00% <br> 1/1/2029  | 1000 | 1054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Fncg. Auth., Rev. Ref. Bonds (Elizabeth River Crossings Opco, LLC Project), Series 2022, AMT, <br> 4.00% 1/1/2029  | 175 | 179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Fncg. Auth., Rev. Ref. Bonds (Elizabeth River Crossings Opco, LLC Project), Series 2022, AMT, <br> 4.00% 7/1/2029  | 500 | 512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Fncg. Auth., Rev. Ref. Bonds (Elizabeth River Crossings Opco, LLC Project), Series 2022, AMT, <br> 4.00% 1/1/2031  | 850 | 875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Fncg. Auth., Rev. Ref. Bonds (Elizabeth River Crossings Opco, LLC Project), Series 2022, AMT, <br> 4.00% 1/1/2032  | 1000 | 1028 |

---

Capital Group Short Duration Municipal Income ETF — Page 21 of 27

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Virginia (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virginia Beach Dev. Auth., Residential Care Fac. Rev. Bonds (Westminster-Canterbury on Chesapeake Bay), Series <br> 2023-B-3, 5.375% 9/1/2029  | USD1,000 | $1010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Wise, Industrial Dev. Auth., Solid Waste and Sewage Disposal Rev. Bonds (Virginia Electric and Power <br> Co. Project), Series 2009-A, 3.125% 10/1/2040 (put 10/1/2030)  | 1930 | 1944 |
|  |  | 22177 |
| **Washington 2.47%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Puget Sound Regional Transit Auth., Sales Tax Improvement and Rev. Ref. Green Bonds, Series 2015-S-1, <br> 5.00% 11/1/2035 (preref. 11/1/2025)  | 100 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Puget Sound Regional Transit Auth., Sales Tax Improvement and Rev. Ref. Green Bonds, Series 2015-S-1, <br> 5.00% 11/1/2045 (preref. 11/1/2025)  | 250 | 251 |
| Energy Northwest, Electric Rev. Ref. Bonds (Columbia Generating Station), Series 2025-A, 5.00% 7/1/2030  | 1150 | 1283 |
| Health Care Facs. Auth., Rev. Bonds (Virginia Mason Medical Center), Series 2017, 5.00% 8/15/2033  | 1125 | 1146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Facs. Auth., Rev. Bonds (Yakima Valley Memorial Hospital Assn.), Series 2016, 5.00% 12/1/2036 <br> (preref. 12/1/2026)  | 870 | 893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Facs. Auth., Rev. Bonds (Yakima Valley Memorial Hospital Assn.), Series 2016, 5.00% 12/1/2041 <br> (preref. 12/1/2026)  | 645 | 662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Commission, Multi Family Housing Rev. Bonds (Camas Flats Apartments Project), Series 2024-B, <br> 5.00% 2/1/2028 (put 2/1/2027)  | 135 | 139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Commission, Nonprofit Housing Rev. and Rev. Ref. Bonds (Horizon House Project), Series 2017, <br> 5.00% 1/1/2028 <sup>(a)</sup>  | 250 | 253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Housing Fin. Commission, Nonprofit Housing Rev. Bonds (Parkshore Juanita Bay Project), Series 2024-B-1, 4.50% <br> 7/1/2030 <sup>(a)</sup>  | 470 | 470 |
| County of King, Limited Tax GO and Rev. Ref. Bonds, Series 2021-A, 4.00% 1/1/2026  | 1000 | 1003 |
| County of King, Sewer Improvement and Rev. Ref. Bonds, Series 2016-B, 5.00% 7/1/2041 (preref. 7/1/2026)  | 1785 | 1817 |
| Port of Seattle, Intermediate Lien Rev. Ref. Bonds, Series 2024-A, 5.00% 3/1/2026  | 1455 | 1470 |
| Port of Seattle, Rev. Bonds, Series 2019, AMT, 5.00% 4/1/2029  | 2000 | 2143 |
| Port of Seattle, Rev. Ref. Bonds, Series 2024-B, AMT, 5.00% 7/1/2026  | 2000 | 2031 |
| Various Purpose GO Rev. Ref. Bonds, Series 2022-R-C, 4.00% 7/1/2026  | 2045 | 2067 |
| Various Purpose GO Rev. Ref. Bonds, Series 2025-R-D, 5.00% 8/1/2029  | 2980 | 3268 |
| Various Purpose GO Rev. Ref. Bonds, Series 2025-R-B, 5.00% 7/1/2030  | 1890 | 2110 |
|  |  | 21106 |
| **Wisconsin 2.90%** |  |  |
| University of Wisconsin, Hospitals and Clinics Auth., Rev. Green Bonds, Series 2024-A, 5.00% 4/1/2029  | 1000 | 1083 |
| GO Rev. Ref. Bonds, Series 2025-2, 5.00% 5/1/2026  | 2000 | 2028 |
| GO Rev. Ref. Bonds, Series 2017-3, 5.00% 11/1/2027  | 1000 | 1040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health and Educational Facs. Auth., Rev. Bonds (Ascension Health Senior Credit Group), Series 2016-A, 4.00% <br> 11/15/2046 (preref. 5/15/2026)  | 1210 | 1220 |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds, Series 2025-A, 6.25% 9/1/2055  | 5835 | 6523 |
| Housing and Econ. Dev. Auth., Home Ownership Rev. Bonds (Social Bonds), Series 2024-C, 6.00% 3/1/2055  | 360 | 396 |
| Public Fin. Auth., Exempt Facs. Rev. Ref. Bonds (Celanese Project), Series 2016-A, AMT, 5.00% 12/1/2025 <sup>(a)</sup>  | 2000 | 2002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Fin. Auth., Infrastructure Program Anticipation Improvement and Rev. Ref. Bonds (Astro Texas Land <br> Projects), Series 2025, 5.00% 12/15/2036 <sup>(a)</sup>  | 929 | 930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Fin. Auth., Infrastructure Program Rev. Anticipation Bonds (Mayfair Project), Series 2024-A-4, 5.50% <br> 11/15/2032 <sup>(a)</sup>  | 1040 | 1042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Fin. Auth., Infrastructure Program Rev. Anticipation Bonds (Two Step Project), CAB, Series 2024, 0% <br> 12/15/2034 <sup>(a)</sup>  | 1545 | 892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Fin. Auth., Solid Waste Disposal Rev. Ref. Bonds (Waste Management, Inc. Project), Series 2017-A-2, AMT, <br> 3.85% 10/1/2025  | 7000 | 7000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Fin. Auth., Special Fac. Rev. Bonds (Million Air Three LLC General Aviation Facs. Project), Series 2024-A, <br> AMT, 5.50% 9/1/2030 <sup>(a)</sup>  | 130 | 137 |

---

Capital Group Short Duration Municipal Income ETF — Page 22 of 27

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Bonds, notes & other debt instruments (continued)<br> **Wisconsin (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| Public Fin. Auth., Special Rev. Bonds (Candela Project), Series 2023, 6.125% 12/15/2029 <sup>(a)</sup>  | USD142 | $144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Fin. Auth., Special Rev. Bonds (Signorelli Projects, Municipal Utility Dists., Montgomery and Waller <br> Counties), Series 2024, 5.375% 12/15/2032 <sup>(a)</sup>  | 322 | 322 |
|  |  | 24759 |
| **Total bonds, notes & other debt instruments** (cost: $767,738,000) |  | 777746 |
| Short-term securities 10.14%<br> **Municipals 10.14%**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Mississippi, Business Fin. Corp., Gulf Opportunity Zone Industrial Dev. Rev. Bonds (Chevron <br> USA, Inc. Project), Series 2007-A, 3.50% 12/1/2030 <sup>(b)</sup> <br>| 4400 | 4400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Mississippi, Business Fin. Corp., Gulf Opportunity Zone Industrial Dev. Rev. Bonds (Chevron <br> USA, Inc. Project), Series 2009-D, 3.50% 12/1/2030 <sup>(b)</sup> <br>| 490 | 490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Mississippi, Business Fin. Corp., Gulf Opportunity Zone Industrial Dev. Rev. Bonds (Chevron <br> USA, Inc. Project), Series 2010-J, 3.50% 11/1/2035 <sup>(b)</sup> <br>| 1900 | 1900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Florida, Capital Facs. Fin. Agcy., Solid Waste Disposal Rev. Ref. Bonds (Republic Services, Inc. <br> Project), Series 2010-A, 3.20% 7/1/2034 (put 12/1/2025) <sup>(e)</sup> <br>| 2710 | 2709 |
| State of Florida, City of Gainesville, Utilities System Rev. Bonds, Series 2019-C, 3.58% 10/1/2047 <sup>(b)</sup> <br>| 115 | 115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Minnesota, City of Rochester, Health Care Facs. Rev. Bonds (Mayo Clinic), Series 2025-D, <br> 3.05% 11/15/2064 <sup>(b)</sup> <br>| 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Alaska, City of Valdez, Marine Terminal Rev. Ref. Bonds (Exxon Pipeline Co. Project), Series <br> 1993-A, 3.50% 12/1/2033 <sup>(b)</sup> <br>| 1100 | 1100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, County of Collin, Limited Tax Permanent Improvement and Rev. Ref. Bonds, Series <br> 2025, 5.00% 2/15/2026 <br>| 900 | 908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Ohio, County of Franklin, Rev. Bonds (CHE Trinity Health Credit Group), Series 2013-OH, <br> 3.00% 12/1/2046 (put 11/3/2025) <sup>(e)</sup> <br>| 1700 | 1700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Wyoming, County of Lincoln, Pollution Control Rev. Ref. Bonds (ExxonMobil Project), Series <br> 2014, 3.52% 10/1/2044 <sup>(b)</sup> <br>| 5200 | 5200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Maryland, County of Montgomery, GO Consolidated Public Improvement Bonds, Series <br> 2017-E, 3.55% 11/1/2037 <sup>(b)</sup> <br>| 3400 | 3400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Hawaii, Dept. of Budget and Fin., Special Purpose Rev. Bonds (The Queen's Health Systems), <br> Series 2025-B, 3.45% 7/1/2060 <sup>(b)</sup> <br>| 175 | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Pennsylvania, Econ. Dev. Fncg. Auth., Solid Waste Disposal Rev. Bonds (Republic Services, <br> Inc. Project), Series 2019-B-2, AMT, 3.85% 4/1/2049 (put 1/15/2026) <sup>(e)</sup> <br>| 1110 | 1110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Illinois, Fin. Auth., Demand Rev. Bonds (University of Chicago Medical Center), Series <br> 2011-A, 3.30% 8/1/2044 <sup>(b)</sup> <br>| 6000 | 6000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Nevada, GO Capital Improvement and Cultural Affairs Rev. Ref. Bonds, Series 2025-A, 5.00% <br> 10/1/2025 <br>| 2350 | 2350 |
| State of Minnesota, GO State Trunk Highway Rev. Ref. Bonds, Series 2025-E, 5.00% 8/1/2026  | 2000 | 2041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Missouri, Health and Educational Facs. Auth., Demand Educational Facs. Rev. Bonds <br> (Washington University), Series 2000-B, 3.60% 3/1/2040 <sup>(b)</sup> <br>| 2000 | 2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Ohio, Hospital Rev. Bonds (Cleveland Clinic Health System Obligated Group), Series <br> 2013-B-3, 3.45% 1/1/2039 <sup>(b)</sup> <br>| 100 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of District of Columbia, Housing Fin. Agcy., Collateralized Multi Family Housing Rev. Bonds <br> (Paxton Project), Series 2022, 2.95% 9/1/2040 (put 12/1/2025) <sup>(e)</sup> <br>| 1810 | 1809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of South Carolina, Jobs-Econ. Dev. Auth., Hospital Rev. Bonds (Prisma Health Obligated <br> Group), Series 2018-B, 3.90% 5/1/2048 <sup>(b)</sup> <br>| 15905 | 15905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, Keller Independent School Dist., Unlimited Tax Rev. Ref. Bonds, Series 2025, 5.00% 2/<br> 15/2026 <br>| 3000 | 3025 |
| State of New York, New York City GO Bonds, Fiscal 2008, Series 2008-L-3, 3.50% 4/1/2036 <sup>(b)</sup> <br>| 2200 | 2200 |
| State of New York, New York City GO Bonds, Fiscal 2013, Series 2013-F-3, 3.50% 3/1/2042 <sup>(b)</sup> <br>| 4700 | 4700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York, New York City Transitional Fin. Auth., Future Tax Secured Bonds, Fiscal 2025, <br> Series 2025-H-3, 2.90% 11/1/2054 <sup>(b)</sup> <br>| 1100 | 1100 |

---

Capital Group Short Duration Municipal Income ETF — Page 23 of 27

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Short-term securities (continued)<br> **Municipals (continued)**<br>| Principal amount<br> (000)<br>| Value<br> (000)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Louisiana, Parish of East Baton Rouge, Pollution Control Rev. Ref. Bonds (ExxonMobil <br> Project), Series 2010-A, 3.52% 8/1/2035 <sup>(b)</sup> <br>| USD1,100 | $1100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of South Carolina, Public Service Auth., Rev. Ref. Obligations (Santee Cooper), Series 2025-B, <br> 5.00% 12/1/2025 <br>| 3750 | 3763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, San Antonio Independent School Dist., Unlimited Tax School Building Bonds, Series <br> 2025, 5.00% 8/15/2026 <br>| 1155 | 1179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Texas, Sherman Independent School Dist., Unlimited Tax School Building Bonds, Series <br> 2025, 5.00% 2/15/2026 <br>| 770 | 777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Ohio, Solid Waste Rev. Ref. Bonds (Republic Services, Inc. Project), Series 2010, 3.20% <br> 11/1/2035 (put 12/1/2025) <sup>(e)</sup> <br>| 1235 | 1234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York, Triborough Bridge and Tunnel Auth., General Rev. Bonds, Series 2001-C, 3.85% <br> 1/1/2032 <sup>(b)</sup> <br>| 2125 | 2125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of New York, Triborough Bridge and Tunnel Auth., General Rev. Ref. Bonds, Series 2005-B-3, <br> 3.50% 1/1/2035 <sup>(b)</sup> <br>| 10860 | 10860 |
|  |  | 86475 |
| **Total short-term securities** (cost: $86,479,000) |  | 86475 |
| **Total investment securities 101.31%** (cost: $854,217,000) |  | 864221 |
| Other assets less liabilities (1.31)% |  | (11198)<br>|
| **Net assets 100.00%** |  | $853023 |

---

Swap contracts

------

**Interest rate swaps**

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Receive | Receive | Pay | Pay | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| Rate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment <br>frequency<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration <br>date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notional <br>amount <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value at <br>9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upfront <br>premium <br>paid <br>&nbsp;&nbsp;&nbsp;&nbsp;(received) <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized <br>appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) <br>at 9/30/2025 <br>&nbsp;&nbsp;&nbsp;&nbsp;(000) |
| 3.4525% | Annual | SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/30/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USD65,695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $74 |
| SOFR | Annual | &nbsp;&nbsp;&nbsp;&nbsp;3.5945% | Annual | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/25/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75 |
|  |  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $149 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Acquired in a transaction exempt from registration under Rule 144A or, for commercial paper, Section 4(a)(2) of the Securities Act of 1933. May be resold in the U.S. in transactions exempt from registration, normally to qualified institutional buyers. The total value of all such securities was $40,376,000, which represented 4.73% of the net assets of the fund. 

<sup>(b)</sup> Coupon rate may change periodically. Reference rate and spread are as of the most recent information available. Some coupon rates are determined by the issuer or agent based on current market conditions; therefore, the reference rate and spread are not available. 

<sup>(c)</sup> Step bond; coupon rate may change at a later date.

<sup>(d)</sup> Scheduled interest and/or principal payment was not received.

<sup>(e)</sup> For short-term securities, the mandatory put date is considered to be the maturity date.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

Capital Group Short Duration Municipal Income ETF — Page 24 of 27

------

**unaudited**

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal securities | &nbsp;&nbsp;&nbsp; Standard inputs and, for certain distressed securities, cash flows or <br> liquidation values using a net present value calculation based on <br> inputs that include, but are not limited to, financial statements and debt <br> contracts<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. Exchange-traded futures are generally valued at the official settlement price for futures on the exchange or market on which such instruments are traded, as of the close of business on the day such instruments are being valued. As of September 30, 2025, the fund did not have any futures contracts. The average month-end notional amount of futures contracts while held was $34,343,000. Swaps are generally valued using evaluated prices obtained from third-party pricing vendors who calculate these values based on market inputs that may include the yields of the indices referenced in the instrument and the relevant curve, dealer quotes, default probabilities and recovery rates, other reference data, and terms of the contract. The average month-end notional amounts of interest rate swaps while held was $80,695,000.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

Capital Group Short Duration Municipal Income ETF — Page 25 of 27

------

**unaudited**

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of September 30, 2025, were as follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds, notes & other debt instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California  | $— | $100022 | $— | $100022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas  |  | 70576 |  | 70576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York  |  | 63652 |  | 63652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida  |  | 43230 |  | 43230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois  |  | 37012 |  | 37012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alabama  |  | 28535 |  | 28535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan  |  | 27667 |  | 27667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania  |  | 25887 |  | 25887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado  |  | 25534 |  | 25534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin  |  | 24759 |  | 24759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other  |  | 330872 |  | 330872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities  |  | 86475 |  | 86475 |
| Total | $— | $864221 | $— | $864221 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Other investments\* | Other investments\* | Other investments\* | Other investments\* |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on centrally cleared interest rate swaps  | $— | $149 | $— | $149 |
| Total | $— | $149 | $— | $149 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Interest rate swaps are not included in the investment portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **Key to abbreviation(s)** |
| Agcy. = Agency |
| AGI = Assured Guaranty insured |
| AMBAC = American Municipal Bond Assurance Company insured |
| AMT = Alternative Minimum Tax |
| Assn. = Association |
| Auth. = Authority |

---

---

| |
|:---|
| BAM = Build America Mutual insured |
| CAB = Capital Appreciation Bonds |
| Certs. = Certificates |
| Dept. = Department |
| Dev. = Development |
| Dist. = District |

---

Capital Group Short Duration Municipal Income ETF — Page 26 of 27

------

**unaudited**

---

| |
|:---|
| Dists. = Districts |
| Econ. = Economic |
| Fac. = Facility |
| Facs. = Facilities |
| FHA = Federal Housing Administration insured |
| Fin. = Finance |
| Fncg. = Financing |
| GO = General Obligation |

---

---

| |
|:---|
| NATL = National Public Finance Guarantee Corp. insured |
| preref. = Prerefunded |
| Redev. = Redevelopment |
| Ref. = Refunding |
| Rev. = Revenue |
| SIFMA = Securities Industry and Financial Markets Association |
| USD = U.S. dollars |

---

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing.** 

**You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2025 Capital Group. All rights reserved.

ETGEFP3-313-1125

Capital Group Short Duration Municipal Income ETF — Page 27 of 27

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Capital Group Fixed Income ETF Trust

- **b. Investment Company Act file number:** 811-23738

- **c. CIK number of Registrant:** 0001870117

- **d. LEI of Registrant:** 549300E5VFNPOBZRHM30

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

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618

  - **Telephone number:** 949-975-5000

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

- **a. Name of Series:** Capital Group Short Duration Municipal Income ETF

- **b. EDGAR series identifier (if any):** S000080919

- **c. LEI of Series:** 5493000KFM2YBNVG1V47

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $870791983.86

**Total Liabilities:** $17770921.39

**Net Assets:** $853021062.47

**Delayed Delivery Securities:** $17601417.40

**Cash Not Reported:** $341311.43

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -3261.03000000 | **1-Year:** -46800.94000000 | **5-Year:** -107353.34000000 | **10-Year:** -77922.89000000 | **30-Year:** -22481.97000000

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

- **3-Month:** -525.93000000 | **1-Year:** -5498.78000000 | **5-Year:** -11248.69000000 | **10-Year:** -9834.43000000 | **30-Year:** -5206.08000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243510 | 0.53%                | 0.66%                | 0.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4209.93                 | $1693080.19                                |
| Month 2  | $196010.54               | $2916666.81                                |
| Month 3  | $258941.52               | $2949946.14                                |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Short 1-5 Years Index

- **Index Identifier:** I22080US

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SPL TAX REVENUE                                                                           | CUSIP: 13051AHM3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207059.22    | 0.02%             | 2034-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                                                                                    | CUSIP: 650036FG6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1247616.81   | 0.15%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                                                                            | CUSIP: 19648GK27<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1691520.15   | 0.20%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                     | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    335000 | PA      | $364968.03    | 0.04%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                                                            | CUSIP: 64972JSG4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.13%             | 2054-11-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                  | CUSIP: 74526QWX6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    160000 | PA      | $110000.00    | 0.01%             | 2027-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | MARYLAND ST STADIUM AUTH REVENUE                                                                                      | CUSIP: 574296AU3<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126761.96    | 0.01%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                                                                                  | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3630000 | PA      | $3647384.07   | 0.43%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                                                                  | CUSIP: 606901WS1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.23%             | 2040-03-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | WISCONSIN ST                                                                                                          | CUSIP: 97705MKP9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040166.50   | 0.12%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MF REVENUE                                                                       | CUSIP: 83712EHU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503240.25   | 0.29%             | 2043-04-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Alvord Unified School District                                                   | ALVORD CA UNIF SCH DIST                                                                                               | CUSIP: 022555UK0<br>LEI: 549300Q9J0UCO75DL276 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $645312.40    | 0.08%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST                                                                                                           | CUSIP: 574193WN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $584810.55    | 0.07%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE                                                             | CUSIP: 65820YTQ9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    170000 | PA      | $170045.99    | 0.02%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Water System Revenue                                      | NEW ORLEANS LA WTR REVENUE                                                                                            | CUSIP: 647753LU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501882.10    | 0.06%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                           | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1514656.73   | 0.18%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                     | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE                                                                      | CUSIP: 39160CAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1845000 | PA      | $2024970.89   | 0.24%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                                                                          | CUSIP: 34061XAB8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    750000 | PA      | $760059.83    | 0.09%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                                                                         | CUSIP: 71883PKL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018671.90   | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp                                | MATCHING FUND SPL PURPOSE SECURITIZTN CORP                                                                            | CUSIP: 57665NAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1295131.97   | 0.15%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                           | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023074.30   | 0.12%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | BALTIMORE MD SPL OBLIG                                                                                                | CUSIP: 05923TCJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $187096.27    | 0.02%             | 2028-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                                                                        | CUSIP: 645790KE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $497524.98    | 0.06%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baldwin County Industrial Development Authority                                  | BALDWIN CNTY AL INDL DEV AUTH SOL WST DISP REVENUE                                                                    | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023669.10   | 0.12%             | 2055-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Madera Unified School District                                                   | MADERA CA UNIF SCH DIST                                                                                               | CUSIP: 556452DZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926717.20    | 0.11%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                      | NEW YORK CITY NY INDL DEV AGY REVENUE                                                                                 | CUSIP: 64971PKZ7<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108010.90   | 0.13%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY N W WA ELEC REVENUE                                                                                            | CUSIP: 29270C6J9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1282924.94   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp I                                | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP I GAS SPLY REVENUE                                                          | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3860202.53   | 0.45%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE                                                                     | CUSIP: 83703FLR1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  15905000 | PA      | $15905000.00  | 1.86%             | 2048-05-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                                                                           | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2079262.00   | 0.24%             | 2049-10-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE                                                               | CUSIP: 97689QWD4<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    360000 | PA      | $396028.30    | 0.05%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE                                                              | CUSIP: 130536LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507024.55    | 0.06%             | 2031-07-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                           | CUSIP: 442349DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1527116.10   | 0.18%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                 | CUSIP: 167505UF1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157996.46    | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                         | CUSIP: 592647LA7<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1695373.14   | 0.20%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                                                                             | CUSIP: 13032UB80<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.03%             | 2039-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE                                                            | CUSIP: 646080UM1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1194716.06   | 0.14%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Crowley Independent School District                                              | CROWLEY TX INDEP SCH DIST                                                                                             | CUSIP: 228130GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $433277.20    | 0.05%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                      | CUSIP: 57421CFP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526153.05    | 0.06%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                           | CUSIP: 452153JH3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    310000 | PA      | $314205.49    | 0.04%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                            | CUSIP: 74442PL86<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    928844 | PA      | $930106.29    | 0.11%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE                                                                        | CUSIP: 60637GBD0<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    365000 | PA      | $405232.23    | 0.05%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | DENTON CNTY TX SPL ASSMNT REVENUE                                                                                     | CUSIP: 24880GAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $307953.68    | 0.04%             | 2030-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Elbert County Independence Water & Sanitation District                           | INDEPENDENCE WTR & SANTN DIST CO SPL REVENUE                                                                          | CUSIP: 45380AAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $865305.34    | 0.10%             | 2033-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                              | LOS ANGELES CA HARBOR DEPT                                                                                            | CUSIP: 544552B68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $389119.58    | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                                                                               | CUSIP: 187145UT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $989385.58    | 0.12%             | 2055-02-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH MF HSG REVENUE                                                                               | CUSIP: 59465FAD2<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532863.20   | 0.18%             | 2027-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                                                                           | CUSIP: 70879QKE2<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1640021.09   | 0.19%             | 2050-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                      | FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE                                                                 | CUSIP: 34077UAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $342504.61    | 0.04%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Sherman Independent School District/TX                                           | SHERMAN TX INDEP SCH DIST                                                                                             | CUSIP: 824178D79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $776915.60    | 0.09%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                                                                            | CUSIP: 2510933F5<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027600.70   | 0.12%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CALIFORNIA ST PUBLIC PWR AUTH                                                                                   | CUSIP: 842475R80<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1566152.02   | 0.18%             | 2040-07-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                                                                           | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195216.50    | 0.02%             | 2051-08-01      | Floating      | 0.72%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                           | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3244452.30   | 0.38%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                          | CUSIP: 45204FK46<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    135000 | PA      | $135327.70    | 0.02%             | 2041-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                          | CUSIP: 59447PYS4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251049.88   | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                                                                             | CUSIP: 167736F51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001474.20   | 0.12%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazos Higher Education Authority Inc                                            | BRAZOS TX HGR EDU AUTH STUDENT LOAN PROGRAM REV                                                                       | CUSIP: 10623ADB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1229144.75   | 0.14%             | 2046-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                              | DENTON CNTY TX SPL ASSMNT REVENUE                                                                                     | CUSIP: 24880GAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    214000 | PA      | $217698.07    | 0.03%             | 2031-12-31      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                                                                                  | CUSIP: 62620HFW7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    350000 | PA      | $366211.30    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Heritage Harbour North Community Development District                            | HERITAGE HARBOUR FL N CDD CAPITAL IMPT REVENUE                                                                        | CUSIP: 42726UAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $819765.52    | 0.10%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                                | ALABAMA ST HSG FIN AUTH MF HSG REVENUE                                                                                | CUSIP: 01030PGZ3<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |    195000 | PA      | $204255.54    | 0.02%             | 2029-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Port Facilities Revenue                                     | BROWARD CNTY FL PORT FACS REVENUE                                                                                     | CUSIP: 11506KGC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017266.70   | 0.12%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Department of Budget & Finance                                   | HAWAII ST DEPT OF BUDGET & FIN SPL PURPOSE REVENUE                                                                    | CUSIP: 419800QS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175000.00    | 0.02%             | 2060-07-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                           | CUSIP: 64966SLN4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1166234.70   | 0.14%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE                                                                   | CUSIP: 658207ZW8<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1553642.40   | 0.18%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                           | CUSIP: 64966KTD5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4700000.00   | 0.55%             | 2042-03-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE                                                                        | CUSIP: 762323CP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $308469.70    | 0.04%             | 2042-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE                                                                        | CUSIP: 60637GEZ8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1057556.42   | 0.12%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 818                         | LAS VEGAS NV SPL IMPT DIST #818                                                                                       | CUSIP: 51779DAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254387.90    | 0.03%             | 2027-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE                                                                        | CUSIP: 60637GGS2<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1553127.83   | 0.18%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Inlivian                                                                         | INLIVIAN NC MF REVENUE                                                                                                | CUSIP: 45753CAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1374870.32   | 0.16%             | 2029-02-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL FAC REVENUE                                                                                    | CUSIP: 74446DAK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    130000 | PA      | $136883.60    | 0.02%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                    | CUSIP: 19648FBC7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    120000 | PA      | $122510.02    | 0.01%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fitzsimons Village Metropolitan District No 3                                    | FITZSIMONS VLG MET DIST #3 CO                                                                                         | CUSIP: 33829NAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499816.20    | 0.06%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Doylestown Hospital Authority                                                    | DOYLESTOWN PA HOSP AUTH                                                                                               | CUSIP: 261333HH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $165246.54    | 0.02%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tomball Business Improvement District No 1                                       | TOMBALL BUSINESS IMPT DIST NO 1 TX                                                                                    | CUSIP: 88984NAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $325893.25    | 0.04%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                        | CUSIP: 650116EE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100334.11    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                       | SAN ANTONIO TX INDEP SCH DIST                                                                                         | CUSIP: 796269N38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1178606.12   | 0.14%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harbor Point Infrastructure Improvement District                                 | HARBOR POINT CT INFRASTRUCTURE IMPT DIST SPL OBLG REVENUE                                                             | CUSIP: 41154VAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406095.52    | 0.05%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH ST HSG CORP MF REVENUE                                                                                           | CUSIP: 917434DL3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1045686.77   | 0.12%             | 2045-09-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of St Louis Missouri/The            | SAINT LOUIS MO INDL DEV AUTH                                                                                          | CUSIP: 791900FX6<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    190000 | PA      | $190762.68    | 0.02%             | 2046-04-01      | Floating      | 3.15%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                                                                                   | CUSIP: 462590PB0<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    580000 | PA      | $601051.04    | 0.07%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | BALTIMORE MD SPL OBLIG                                                                                                | CUSIP: 05923TCH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $172629.31    | 0.02%             | 2027-06-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| City of Pompano Beach FL                                                         | POMPANO BEACH FL REVENUE                                                                                              | CUSIP: 732203AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97801.84     | 0.01%             | 2028-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                 | LAVON TX SPL ASSMT REVENUE                                                                                            | CUSIP: 51946PCJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    213000 | PA      | $215476.25    | 0.03%             | 2032-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                          | CUSIP: 59447PYR6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2487087.15   | 0.29%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | WISCONSIN ST                                                                                                          | CUSIP: 97705MM44<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028191.40   | 0.24%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | UNIV OF CALIFORNIA CA REVENUES                                                                                        | CUSIP: 91412HNC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $583200.05    | 0.07%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monrovia Unified School District/CA                                              | MONROVIA CA UNIF SCH DIST                                                                                             | CUSIP: 611594JR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $908454.30    | 0.11%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                             | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                                                                              | CUSIP: 57587GLR4<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1380330.88   | 0.16%             | 2047-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                           | CUSIP: 452152Q46<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    475000 | PA      | $475911.53    | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Aubrey TX                                                                | AUBREY TX SPL ASSMNT                                                                                                  | CUSIP: 050197BU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401694.56    | 0.05%             | 2030-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Reno NV                                                                  | RENO NV SPL ASSMNT                                                                                                    | CUSIP: 759865BT4<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255297.25    | 0.03%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                                                                                       | CUSIP: 34074MSJ1<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1888267.31   | 0.22%             | 2050-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing                                                         | MONTANA ST BRD OF HSG MFH REVENUE                                                                                     | CUSIP: 61212VAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1822668.02   | 0.21%             | 2028-12-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                          | CUSIP: 928104NJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $874953.11    | 0.10%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                    | CUSIP: 19648FDL5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039011.70   | 0.12%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | MICHIGAN ST BLDG AUTH REVENUE                                                                                         | CUSIP: 594615BW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1701537.82   | 0.20%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                            | CUSIP: 735389X78<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1469574.88   | 0.17%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                                                                               | CUSIP: 187145VV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2174032.40   | 0.25%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing                                                         | MONTANA ST BRD OF HSG                                                                                                 | CUSIP: 61213TBD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1447004.06   | 0.17%             | 2045-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp                                                           | LOUISIANA ST HSG CORP MF HSG REVENUE                                                                                  | CUSIP: 54627CCE1<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1987237.20   | 0.23%             | 2045-10-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                             | CUSIP: 544445UL1<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1189370.07   | 0.14%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Housing Corp                                                            | KENTUCKY ST HSG CORP MF REVENUE                                                                                       | CUSIP: 49131CAA0<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1804887.97   | 0.21%             | 2043-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                  | CUSIP: 74526QKT8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     25000 | PA      | $17125.00     | 0.00%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES                                                                      | CUSIP: 49151FNJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400715.44    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                                                                                   | CUSIP: 462590PP9<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    275000 | PA      | $295608.89    | 0.03%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                   | IRVINE CA UNIF SCH DIST SPL TAX                                                                                       | CUSIP: 463612HS3<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1126816.01   | 0.13%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Office of Higher Education                                             | MINNESOTA ST OFFICE OF HGR EDU REVENUE                                                                                | CUSIP: 60416MBS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93227.08     | 0.01%             | 2038-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                              | CUSIP: 79766DVM8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1371307.07   | 0.16%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                               | CLARK CNTY NV POLL CONTROL REVENUE                                                                                    | CUSIP: 181008BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $318530.21    | 0.04%             | 2031-06-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Arapahoe County School District No 6 Littleton                                   | ARAPAHOE CNTY CO SCH DIST #6 LITTLETON                                                                                | CUSIP: 038699TR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175688.36    | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                 | GEORGIA ST                                                                                                            | CUSIP: 373385NS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301086.84    | 0.04%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                         | CUSIP: 93974FAE3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2980000 | PA      | $3267664.47   | 0.38%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                                                                              | CUSIP: 717883TD4<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2542610.00   | 0.30%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                                | MISSISSIPPI ST BUSINESS FIN COMMISSION GULF OPPORTUNITY ZONE                                                          | CUSIP: 60528ABL7<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |    490000 | PA      | $490000.00    | 0.06%             | 2030-12-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                           | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2157358.00   | 0.25%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Housing Finance Agency                                                  | OKLAHOMA ST HSG FIN AGY SF MTGE REVENUE                                                                               | CUSIP: 67886MW88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1767520.56   | 0.21%             | 2056-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                            | SACRAMENTO CA SPL TAX                                                                                                 | CUSIP: 786071SF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65851.11     | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing                                                         | MONTANA ST BRD OF HSG SF MTGE                                                                                         | CUSIP: 61212WKN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1697745.34   | 0.20%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH MF HSG REVENUE                                                                               | CUSIP: 59465FAE0<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2995519.20   | 0.35%             | 2045-09-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                               | CUSIP: 13080SU44<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    450000 | PA      | $486095.63    | 0.06%             | 2030-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                             | BABCOCK RANCH CMNTY INDEP SPL DIST FL SPL ASSMNT REVENUE                                                              | CUSIP: 05616KBT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $161999.31    | 0.02%             | 2031-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| County of Warren OH                                                              | WARREN CNTY OH HLTH CARE FACS REVENUE                                                                                 | CUSIP: 93515PDS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $339348.74    | 0.04%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                                                                                   | CUSIP: 76221SEX5<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351192.21    | 0.04%             | 2054-10-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                         | CUSIP: 592647MR9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    375000 | PA      | $419121.64    | 0.05%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE                                                            | CUSIP: 646080UX7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    355000 | PA      | $349306.37    | 0.04%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP FAC REVENUE                                                                                              | CUSIP: 677561KM3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $243478.15    | 0.03%             | 2035-01-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                  | CUSIP: 64990F6A7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1128481.90   | 0.13%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lincoln WY                                                             | LINCOLN CNTY WY POLL CONTROL REVENUE                                                                                  | CUSIP: 533485BB3<br>LEI: 549300USXDZ5FGJLUV88 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.61%             | 2044-10-01      | Floating      | 3.52%                 | No            |                  2 | On Loan: No      |
| Village Metropolitan District/The                                                | VILLAGE MET DIST CO                                                                                                   | CUSIP: 92708CAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1086657.12   | 0.13%             | 2030-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                  | KING CNTY WA SWR REVENUE                                                                                              | CUSIP: 4952894R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1817114.65   | 0.21%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Windward at Lakewood Ranch Community Development District                        | WINDWARD AT LAKEWOOD RANCH CDD FL CAPITAL IMPT                                                                        | CUSIP: 97382EAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $221589.16    | 0.03%             | 2027-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Southglenn Metropolitan District                                                 | SOUTHGLENN CO MET DIST SPL REVENUE                                                                                    | CUSIP: 84437RAE7<br>LEI: 549300ETN4YRI5O2PU39 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1286167.17   | 0.15%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                      | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                                                                               | CUSIP: 130179UY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $428722.32    | 0.05%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                                                                                     | CUSIP: 93978HRH0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    645000 | PA      | $661975.30    | 0.08%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East County Advanced Water Purification Joint Powers Authority                   | EAST CNTY ADVANCED WTR PURIFICATION JT PWRS AUTH                                                                      | CUSIP: 271843AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3014169.60   | 0.35%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                  | CUSIP: 74526QZM7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $685000.00    | 0.08%             | 2021-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH SOL WST DISP REVENUE                                                                                | CUSIP: 56042CAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116999.85    | 0.01%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE                                                                   | CUSIP: 658207XK6<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    865000 | PA      | $870395.01    | 0.10%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                         | CUSIP: 592647FZ9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063959.40   | 0.12%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                                                              | CUSIP: 64972GC85<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4900000.00   | 0.57%             | 2053-06-15      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| City of Valdez AK                                                                | VALDEZ AK MARINE TERMINAL REVENUE                                                                                     | CUSIP: 919061DU2<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3045000.00   | 0.36%             | 2033-12-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| North Miami Community Redevelopment Agency                                       | NORTH MIAMI FL CMNTY REDEV AGY REDEV REVENUE                                                                          | CUSIP: 661056AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1223481.25   | 0.14%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH                                                                                           | CUSIP: 118612MN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $775952.63    | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tejon Ranch Public Facilities Finance Authority                                  | TEJON RANCH CA PUBLIC FACS FIN AUTH SPL TAX REVENUE                                                                   | CUSIP: 879083FG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1526383.09   | 0.18%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midtown Miami Community Development District                                     | MIDTOWN MIAMI FL CDD SPL ASSMNT REVENUE                                                                               | CUSIP: 59807PAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $410350.71    | 0.05%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Warren OH                                                              | WARREN CNTY OH HLTH CARE FACS REVENUE                                                                                 | CUSIP: 93515PDV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $336247.44    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                      | SAN MATEO CNTY CA CMNTY CLG DIST                                                                                      | CUSIP: 799038GF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2153784.25   | 0.25%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                                                                                                          | CUSIP: 60412A2U6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2040927.80   | 0.24%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                                                                                    | CUSIP: 57563RUB3<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    455000 | PA      | $462890.47    | 0.05%             | 2032-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                         | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2157552.80   | 0.25%             | 2045-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                           | CUSIP: 4423487R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500130.00    | 0.06%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                                                                             | CUSIP: 167736G27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001474.20   | 0.12%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harbor Bay Community Development District                                        | HARBOR BAY FL CDD CAPITAL IMPT REVENUE                                                                                | CUSIP: 411466AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497750.05    | 0.06%             | 2029-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | ALASKA ST MUNI BOND BANK AUTH                                                                                         | CUSIP: 01179R6Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307342.08    | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allen Independent School District                                                | ALLEN TX INDEP SCH DIST                                                                                               | CUSIP: 018106XG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $796976.96    | 0.09%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE                                                                   | CUSIP: 207743XZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489034.10    | 0.06%             | 2040-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                         | CUSIP: 592647JY8<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1603585.42   | 0.19%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                 | CUSIP: 592250FG4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    605000 | PA      | $632461.80    | 0.07%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                  | CUSIP: 74526QWE8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    320000 | PA      | $220000.00    | 0.03%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                                                                | CUSIP: 472682ZB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1124436.30   | 0.13%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Affordable Pfc Inc                                                        | AUSTIN TX AFFORDABLE PUBLIC FACILITY CORP INC MF HSG REVENUE                                                          | CUSIP: 05217TAS3<br>LEI: 529900LKLIWOHOEBOF89 | Long             | DBT              | MUN               | US        |    300000 | PA      | $312703.17    | 0.04%             | 2028-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE                                                                        | CUSIP: 880461VZ8<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1103067.52   | 0.13%             | 2049-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority                                        | GLENDALE AZ INDL DEV AUTH                                                                                             | CUSIP: 378286KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $661921.94    | 0.08%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Higher Education Student Loan Corp                                      | KENTUCKY ST HGR EDU STUDENT LOAN CORP                                                                                 | CUSIP: 49130NHG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $740089.91    | 0.09%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU                                                          | CUSIP: 88283KBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $403917.41    | 0.05%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Warren OH                                                              | WARREN CNTY OH HLTH CARE FACS REVENUE                                                                                 | CUSIP: 93515PDT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $485051.61    | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Asheville Housing Authority                                                      | ASHEVILLE NC HSG AUTH                                                                                                 | CUSIP: 044034CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $515883.38    | 0.06%             | 2026-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                                                                                 | CUSIP: 009730PJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $192123.59    | 0.02%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                                                                        | CUSIP: 20772KFT1<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202555.26    | 0.02%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Norwood OH                                                               | NORWOOD OH SPL OBLIG REVENUE                                                                                          | CUSIP: 669681AA6<br>LEI: 5493000KZUQ48Z2VEE89 | Long             | DBT              | MUN               | US        |    645000 | PA      | $651792.56    | 0.08%             | 2030-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Delaware State Housing Authority                                                 | DELAWARE ST HSG AUTH REVENUE                                                                                          | CUSIP: 246395ZM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3049427.64   | 0.36%             | 2055-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                      | KENTUCKY ST TURNPIKE AUTH ECON DEV ROAD REVENUE                                                                       | CUSIP: 491552R80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130106.30   | 0.13%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                                                                          | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2207226.48   | 0.26%             | 2054-10-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                                                                           | CUSIP: 658909VB9<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    320000 | PA      | $324323.17    | 0.04%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brazos Higher Education Authority Inc                                            | BRAZOS TX HGR EDU AUTH STUDENT LOAN PROGRAM REV                                                                       | CUSIP: 10623ACV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1786287.92   | 0.21%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                                                                          | CUSIP: 34061XAF9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2666971.03   | 0.31%             | 2032-07-01      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK NATIONAL CHARTR                                                          | CUSIP: 13035ACG2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120210.55    | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                            | CUSIP: 74442PF42<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1545000 | PA      | $892089.18    | 0.10%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Abag Finance Authority for Nonprofit Corps                                       | ABAG CA FIN AUTH FOR NONPROFIT CORPS                                                                                  | CUSIP: 00037CWC0<br>LEI: 549300EWVCCTI6O2KU84 | Long             | DBT              | MUN               | US        |    295000 | PA      | $295612.98    | 0.03%             | 2027-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Buda TX                                                                  | BUDA TX SPL ASSMNT REVENUE                                                                                            | CUSIP: 118829AA8<br>LEI: 549300M2WWWL7K4QS327 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101141.89    | 0.01%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charles City County Economic Development Authority                               | CHARLES CITY VA CNTY ECON DEV AUTH SOL WST DISP REVENUE                                                               | CUSIP: 15976RAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010212.40   | 0.12%             | 2027-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                             | CUSIP: 837151YG8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1492220.02   | 0.17%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI                                                                                               | CUSIP: 438687VW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018366.90   | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE                                                                       | CUSIP: 13049YAX9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060405.60   | 0.12%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                                                                                     | CUSIP: 93978HRG2<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    870000 | PA      | $892896.92    | 0.10%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Health & Educational Facilities Authority                          | MASSACHUSETTS ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                     | CUSIP: 57586EGS4<br>LEI: 549300MV50RWQFTX5223 | Long             | DBT              | MUN               | US        |    900000 | PA      | $896618.25    | 0.11%             | 2030-11-01      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                       | SOUTH DAKOTA ST HSG DEV AUTH                                                                                          | CUSIP: 83756LBS3<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    385000 | PA      | $439779.26    | 0.05%             | 2055-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                                                                             | CUSIP: 167736P35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039223.80   | 0.12%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                                                      | CUSIP: 57582RYK6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100045.87    | 0.01%             | 2025-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                      | CUSIP: 13033DAJ4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    469411 | PA      | $448026.80    | 0.05%             | 2036-08-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                 | JAMES CITY CNTY VA ECON DEV AUTH RSDL CARE FAC REVENUE                                                                | CUSIP: 47029WEJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $365827.71    | 0.04%             | 2028-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp                                | MATCHING FUND SPL PURPOSE SECURITIZTN CORP                                                                            | CUSIP: 57665NAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                  | CUSIP: 57585BDA3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2704470.39   | 0.32%             | 2029-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Homerville Housing Authority                                                     | HOMERVILLE GA HSG AUTH MF HSG REVENUE                                                                                 | CUSIP: 437597AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201452.40    | 0.02%             | 2028-01-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                              | CUSIP: 544532PD0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1132844.20   | 0.13%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REV                                                                           | CUSIP: 20774YC54<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1083086.69   | 0.13%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                                                                              | CUSIP: 60416TQQ4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    690000 | PA      | $689762.09    | 0.08%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                                                                           | CUSIP: 70879QGL1<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    185000 | PA      | $184789.64    | 0.02%             | 2049-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                    | CUSIP: 19648FCX0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    400000 | PA      | $405952.88    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority  | CUMBERLAND CNTY NC INDL FACS & POLL CONTROL FING AUTH SOL WS                                                          | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000302.00   | 0.23%             | 2027-12-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                       | SOUTH DAKOTA ST HSG DEV AUTH                                                                                          | CUSIP: 83756CVM4<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1880891.25   | 0.22%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village at Dry Creek Metropolitan District No 2/The                              | VLG AT DRY CREEK MET DIST NO 2                                                                                        | CUSIP: 92705AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $633309.34    | 0.07%             | 2044-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE                                                            | CUSIP: 646080WP2<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    340000 | PA      | $338579.85    | 0.04%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                  | CUSIP: 64990KGC1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1139766.72   | 0.13%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Henderson KY                                                             | HENDERSON KY EXEMPT FACS REVENUE                                                                                      | CUSIP: 425099AC2<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006463.00   | 0.12%             | 2032-01-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Clovis Unified School District                                                   | CLOVIS CA UNIF SCH DIST                                                                                               | CUSIP: 189342TP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956454.00    | 0.11%             | 2027-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                            | SACRAMENTO CA SPL TAX                                                                                                 | CUSIP: 786071KE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $736293.16    | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                                | KING CNTY WA                                                                                                          | CUSIP: 49474FZJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003371.00   | 0.12%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY                                                           | CUSIP: 92778VEE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1300052.63   | 0.15%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG FIN AUTH MF HSG REVENUE                                                                               | CUSIP: 19647PDR1<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1171041.11   | 0.14%             | 2028-09-01      | Floating      | 3.18%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                              | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                                                                            | CUSIP: 13068L8A6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $3084256.60   | 0.36%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/RI                                             | TOBACCO SETTLEMENT FING CORP RI                                                                                       | CUSIP: 888809AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251177.68    | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing                                                         | MONTANA ST BRD OF HSG MFH REVENUE                                                                                     | CUSIP: 61212VAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    361000 | PA      | $375598.73    | 0.04%             | 2028-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Inglewood Unified School District                                                | INGLEWOOD CA UNIF SCH DIST                                                                                            | CUSIP: 457110NT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $654693.84    | 0.08%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS                                                             | MANHATTAN KS HLTH CARE FAC REVENUE                                                                                    | CUSIP: 563017DX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $314664.90    | 0.04%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                          | CUSIP: 928104MP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053958.20   | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                                                                                      | CUSIP: 04052ADK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2156281.40   | 0.25%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                                                                        | CUSIP: 20772JZC9<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    440000 | PA      | $441211.76    | 0.05%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                  | CUSIP: 74526QWB4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    125000 | PA      | $85937.50     | 0.01%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 819                         | LAS VEGAS NV SPL IMPT DIST #819                                                                                       | CUSIP: 51779EAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $292995.22    | 0.03%             | 2030-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue                | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE                                                               | CUSIP: 64972LBB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1381750.66   | 0.16%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Keller Independent School District/TX                                            | KELLER TX INDEP SCH DIST                                                                                              | CUSIP: 487694VE8<br>LEI: 549300BS0JDJPR8KUN68 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3025147.80   | 0.35%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tomball Business Improvement District No 1                                       | TOMBALL BUSINESS IMPT DIST NO 1 TX                                                                                    | CUSIP: 88984NAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $312414.18    | 0.04%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lawrenceville Housing Authority                                                  | LAWRENCEVILLE GA HSG AUTH                                                                                             | CUSIP: 520628AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    798000 | PA      | $831780.30    | 0.10%             | 2028-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                         | CUSIP: 59261APR2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2105078.01   | 0.25%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                  | CUSIP: 74526QKW1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     10000 | PA      | $6875.00      | 0.00%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH MF REVENUE                                                                                   | CUSIP: 594650UR2<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2268021.05   | 0.27%             | 2027-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                          | TOLOMATO FL CDD                                                                                                       | CUSIP: 889560EL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1448671.29   | 0.17%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                            | SACRAMENTO CA SPL TAX                                                                                                 | CUSIP: 786071SH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $203349.76    | 0.02%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE                                                             | CUSIP: 65820YTR7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    230000 | PA      | $230063.94    | 0.03%             | 2029-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Collin TX                                                              | COLLIN CNTY TX                                                                                                        | CUSIP: 194740KS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502519.95    | 0.06%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE                                                                          | CUSIP: 6860875V5<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    390000 | PA      | $435376.03    | 0.05%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE                                                                        | CUSIP: 63968MTQ2<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100381.80    | 0.01%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                              | CUSIP: 25483VWM2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505773.20   | 0.18%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Selma Industrial Development Board                                               | SELMA AL INDL DEV BRD REVENUE                                                                                         | CUSIP: 81647PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150935.33    | 0.02%             | 2033-11-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| East Hempfield Township Industrial Development Authority                         | E HEMPFIELD TWP PA INDL DEV AUTH                                                                                      | CUSIP: 273007CJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $715966.04    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | NORTH CAROLINA ST EDU ASSISTANCE AUTH                                                                                 | CUSIP: 658262HC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1384872.58   | 0.16%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Area Housing Finance Corp                                                | CAPITAL AREA HSG FIN CORP TX                                                                                          | CUSIP: 139726CZ4<br>LEI: 549300XICE1XLI0VXV87 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2798580.29   | 0.33%             | 2029-09-01      | Floating      | 3.13%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                                                                                    | CUSIP: 432308M84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1596830.25   | 0.19%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inlivian                                                                         | INLIVIAN NC MF REVENUE                                                                                                | CUSIP: 45753CAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $525423.60    | 0.06%             | 2043-11-10      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                                                                                      | CUSIP: 45203MDC2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2424905.63   | 0.28%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE                                                            | CUSIP: 646080YS4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064704.50   | 0.12%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE                                                                     | CUSIP: 83712D7Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1731521.38   | 0.20%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Houston Housing Finance Corp                                                     | HOUSTON TX HSG FIN CORP MF HSG REVENUE                                                                                | CUSIP: 442396EP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000093.60   | 0.12%             | 2028-04-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI                                                                                               | CUSIP: 438687AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1073886.98   | 0.13%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | NORTH CAROLINA ST EDU ASSISTANCE AUTH                                                                                 | CUSIP: 658262GW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $264145.37    | 0.03%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA Inc                                                                         | PEFA INC IA GAS PROJ REVENUE                                                                                          | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4070658.80   | 0.48%             | 2049-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sullivan NY                                                            | SULLIVAN CNTY NY INFRASTRUCTURE LOCAL DEV CORP REVENUE                                                                | CUSIP: 865273AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $222744.02    | 0.03%             | 2031-11-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Wise County Industrial Development Authority                                     | WISE CNTY VA INDL DEV AUTH SOL WST & SEWAGE DISP REVENUE                                                              | CUSIP: 977228AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1944242.24   | 0.23%             | 2040-10-01      | Floating      | 3.13%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH MF REVENUE                                                                                   | CUSIP: 594650US0<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1089234.06   | 0.13%             | 2028-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                    | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   5588972 | PA      | $3779542.25   | 0.44%             | 2051-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                           | BALTIMORE CNTY MD REVENUE                                                                                             | CUSIP: 059151CW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022732.20   | 0.12%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH HSG CORP SF MTGE REVENUE                                                                                         | CUSIP: 917437MA0<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    640000 | PA      | $719338.30    | 0.08%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                       | CUSIP: 451295ZW2<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    205000 | PA      | $210774.05    | 0.02%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                                                                                       | CUSIP: 01728A5J1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    740000 | PA      | $740572.39    | 0.09%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                          | CUSIP: 646140JM6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1503582.17   | 0.18%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                       | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   4370000 | PA      | $4747233.70   | 0.56%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE                                                                     | CUSIP: 83712D5F9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1591787.20   | 0.19%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                             | CUSIP: 5444452J7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1280860.07   | 0.15%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL MF HSG REVENUE                                                                                             | CUSIP: 167570TX8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3041074.20   | 0.36%             | 2029-06-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Broward County Housing Finance Authority                                         | BROWARD CNTY FL HSG FIN AUTH MF HSG REVENUE                                                                           | CUSIP: 115027RE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2885000 | PA      | $2892280.30   | 0.34%             | 2028-03-01      | Floating      | 3.15%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL                                                           | JEFFERSON CNTY AL                                                                                                     | CUSIP: 472628QV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035612.90   | 0.12%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Yavapai/The                    | YAVAPAI CNTY AZ INDL DEV AUTH SOL WST DISP REVENUE                                                                    | CUSIP: 98521UAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.23%             | 2029-04-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                            | FRANKLIN CNTY OH HLTH CARE FACS REVENUE                                                                               | CUSIP: 353180MF6<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    500000 | PA      | $488274.80    | 0.06%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                                                                              | CUSIP: 594654DQ5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1335444.84   | 0.16%             | 2049-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT SPL ASSMNT                                                            | CUSIP: 59561TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $959208.64    | 0.11%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                          | MONTGOMERY CNTY MD REVENUE                                                                                            | CUSIP: 61336PES6<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.59%             | 2041-12-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing                                                         | MONTANA ST BRD OF HSG MFH REVENUE                                                                                     | CUSIP: 61212VAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1254077.92   | 0.15%             | 2046-07-01      | Floating      | 3.32%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                | CUSIP: 837032BJ9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116238.80   | 0.13%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                      | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    930025 | PA      | $908815.16    | 0.11%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                               | CUSIP: 13080SU36<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    425000 | PA      | $453738.67    | 0.05%             | 2029-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harbor Bay Community Development District                                        | HARBOR BAY FL CDD CAPITAL IMPT REVENUE                                                                                | CUSIP: 411466AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $243897.52    | 0.03%             | 2029-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| City of Pompano Beach FL                                                         | POMPANO BEACH FL REVENUE                                                                                              | CUSIP: 732203AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $193709.82    | 0.02%             | 2030-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                                                                           | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1181624.51   | 0.14%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE                                                                 | CUSIP: 51265KCH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180786.85    | 0.02%             | 2029-05-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                                                                             | CUSIP: 68609UNZ4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1261690.88   | 0.15%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI                                                                                               | CUSIP: 438670Y47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                                                                         | CUSIP: 64461XJD8<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    705000 | PA      | $734484.86    | 0.09%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | MICHIGAN ST HOSP FIN AUTH                                                                                             | CUSIP: 59465HWM4<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1036823.17   | 0.12%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE                                                               | CUSIP: 97689QXG6<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   5835000 | PA      | $6523645.53   | 0.76%             | 2055-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                         | CUSIP: 13063ELF1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1207146.84   | 0.14%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH SALES TAX REVENUE                                                                        | CUSIP: 48503VAG7<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99876.01     | 0.01%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                   | CUSIP: 59333P7D4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $990403.12    | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                                                                               | CUSIP: 04062PCC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1323038.34   | 0.16%             | 2058-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                          | CUSIP: 45204FD93<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    750000 | PA      | $834907.65    | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Collin TX                                                              | COLLIN CNTY TX                                                                                                        | CUSIP: 194740TL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $908150.58    | 0.11%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Electric Utility Revenue                                       | AUSTIN TX ELEC UTILITY SYS REVENUE                                                                                    | CUSIP: 052414PL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004865.40   | 0.24%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV                                                           | CUSIP: 708692BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1109526.47   | 0.13%             | 2049-04-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Utah Telecommunication Open Infrastructure Agency                                | UTAH ST TELECOMMUNICATION OPEN INFRASTRUCTURE AGY SALES TAX                                                           | CUSIP: 91756SAE3<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    600000 | PA      | $623906.40    | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                                                                       | CUSIP: 888808HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $177542.98    | 0.02%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV                                                           | CUSIP: 708692BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1284934.98   | 0.15%             | 2034-04-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE                                                                             | CUSIP: 04108WCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2163439.78   | 0.25%             | 2049-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                | CUSIP: 939783VP8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252669.08    | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                        | CUSIP: 650116CH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2111623.79   | 0.25%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                    | CUSIP: 19648FZA5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072227.00   | 0.13%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SF MTGE REVENUE                                                                                      | CUSIP: 462467WR8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    535000 | PA      | $542901.63    | 0.06%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Parish Industrial Development Board Inc                         | E BATON ROUGE PARISH LA INDL DEV BRD INC REVENUE                                                                      | CUSIP: 270777AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.13%             | 2035-08-01      | Floating      | 3.52%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                    | CUSIP: 19648FVM3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3479172.90   | 0.41%             | 2061-05-15      | Floating      | 3.44%                 | No            |                  2 | On Loan: No      |
| City of Buda TX                                                                  | BUDA TX SPL ASSMNT REVENUE                                                                                            | CUSIP: 118829AD2<br>LEI: 549300M2WWWL7K4QS327 | Long             | DBT              | MUN               | US        |     78000 | PA      | $78691.35     | 0.01%             | 2033-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Connector 2000 Association Inc                                                   | CONNECTOR 2000 ASSN INC SC TOLL ROAD REVENUE                                                                          | CUSIP: 20786LDS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    346765 | PA      | $230531.52    | 0.03%             | 2032-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SOL WST DISP REVENUE                                                                               | CUSIP: 74445MAF6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.82%             | 2025-10-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTHSOL WST DISP FAC REVENUE                                                                 | CUSIP: 54640TAM1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $526223.75    | 0.06%             | 2053-10-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                           | CUSIP: 89602RHX6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501470.35    | 0.06%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                                | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                                                                            | CUSIP: 409327MW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4071528.80   | 0.48%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                                                                              | CUSIP: 594654BE4<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1358392.75   | 0.16%             | 2048-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                 | CUSIP: 73358XCQ3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499662.20    | 0.06%             | 2028-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                                                                                | CUSIP: 181059TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $466218.39    | 0.05%             | 2032-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                          | CUSIP: 45204FJ89<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    295000 | PA      | $314736.80    | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                                                                                  | CUSIP: 04052BKJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $134503.24    | 0.02%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District/The                                                   | LOWER AL GAS DIST GAS PROJ REVENUE                                                                                    | CUSIP: 547804AM6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004129.20   | 0.23%             | 2050-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Spring Branch Independent School District                                        | SPRING BRANCH TX INDEP SCH DIST                                                                                       | CUSIP: 849476XE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1720435.20   | 0.20%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH HLTHCARE FACS REVENUE                                                                        | CUSIP: 71884SAC4<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   4195000 | PA      | $4195000.00   | 0.49%             | 2052-11-15      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE                                                                        | CUSIP: 64987JZ20<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    425000 | PA      | $433871.88    | 0.05%             | 2044-11-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Love Field Airport Modernization Corp                                            | LOVE FIELD TX ARPT MODERNIZATION CORP SPL FACS REVENUE                                                                | CUSIP: 54714FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $615264.45    | 0.07%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                         | CUSIP: 97712JMC4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1220012.27   | 0.14%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tomball Independent School District                                              | TOMBALL TX INDEP SCH DIST                                                                                             | CUSIP: 889855Z88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $724120.88    | 0.08%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                                                              | CUSIP: 64972GQT4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140694.54    | 0.02%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REVENUE                                                                      | CUSIP: 65820BBF2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1985898.29   | 0.23%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp                                        | MONROE CNTY NY INDL DEV AGY MF HSG REVENUE                                                                            | CUSIP: 61075NAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2477719.45   | 0.29%             | 2028-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                          | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1683503.20   | 0.20%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                            | NORTHWEST TX INDEP SCH DIST                                                                                           | CUSIP: 6678253D3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1034015.29   | 0.12%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTH HOSP REVENUE                                                                            | CUSIP: 546395M68<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1097033.09   | 0.13%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                  | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE                                                            | CUSIP: 345105HF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2164403.00   | 0.25%             | 2028-01-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                 | CUSIP: 167505VT0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    350000 | PA      | $362926.38    | 0.04%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                              | CUSIP: 40065NCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071845.60   | 0.13%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                          | CUSIP: 677525WW3<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1442178.58   | 0.17%             | 2028-07-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                             | CENTRL FL EXPRESSWAY AUTH SR LIEN REVENUE                                                                             | CUSIP: 153476BQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3630000 | PA      | $3668541.16   | 0.43%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fairfield Community Facilities District                                          | FAIRFIELD CA CMNTY FACS DIST SPL TAX                                                                                  | CUSIP: 304194FJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $264202.98    | 0.03%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                             | CUSIP: 6262073W2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1779781.70   | 0.21%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                               | CUSIP: 13080S2U7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3542583.00   | 0.42%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SENIOR LIVING REVENUE                                                                     | CUSIP: 13049RBM7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    130000 | PA      | $131840.06    | 0.02%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                                                                         | CUSIP: 790103AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $451389.83    | 0.05%             | 2041-08-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                                                                         | CUSIP: 70917TND9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $598994.02    | 0.07%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP REVENUE                                                                                                  | CUSIP: 67756CDJ4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253012.55    | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                         | CUSIP: 13063ENT9<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3684764.53   | 0.43%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH SYS REVENUE                                                                                  | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1672399.63   | 0.20%             | 2064-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Nashville Metropolitan Development & Housing Agency                              | NASHVILLE MET DEV & HSG AGY TN TAX INCR REVENUE                                                                       | CUSIP: 591874AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202383.48    | 0.02%             | 2028-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                     | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    800000 | PA      | $872964.80    | 0.10%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPECIALTY PHARMECY LTD OBLIG                                                                     | CUSIP: 63610JAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $436225.61    | 0.05%             | 2033-12-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| City of Atlantic Beach FL                                                        | ATLANTIC BEACH FL HLTH CARE FACS REVENUE                                                                              | CUSIP: 048251BU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $433236.13    | 0.05%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH LOAN REVENUE                                                                                        | CUSIP: 56042TEK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1369874.05   | 0.16%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                                                                           | CUSIP: 45506DU78<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1079612.10   | 0.13%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                    | CUSIP: 19648FAY0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500784.55    | 0.06%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gainesville FL Utilities System Revenue                                  | GAINESVILLE FL UTILITIES SYS REVENUE                                                                                  | CUSIP: 362848US0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115000.00    | 0.01%             | 2047-10-01      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                  | GALVESTON TX WHARVES & TERMINAL REVENUE                                                                               | CUSIP: 364568JQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $477298.67    | 0.06%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN EXEMPT FACS REVENUE                                                                                     | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $149563.92    | 0.02%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                  | CUSIP: 74526QKK7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    205000 | PA      | $140425.00    | 0.02%             | 2017-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                              | CUSIP: 79766DWC9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1961846.02   | 0.23%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Thompson Crossing Metropolitan District No 4                                     | THOMPSON CROSSING MET DIST #4 CO                                                                                      | CUSIP: 88477EAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    518000 | PA      | $510416.64    | 0.06%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE                                                                     | CUSIP: 83712D6K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1823607.35   | 0.21%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                                                                                     | CUSIP: 93978HSM8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1146118.05   | 0.13%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                                                                                    | CUSIP: 57563RTD1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    355000 | PA      | $349422.77    | 0.04%             | 2038-07-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Velocity Metropolitan District No 3                                              | VELOCITY MET DIST #3 CO                                                                                               | CUSIP: 92259GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $743639.25    | 0.09%             | 2034-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                           | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    145000 | PA      | $161869.63    | 0.02%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TEXAS ST DEPT OF HSG & CMNTY AFFAIRS RESDL MTG REVENUE                                                                | CUSIP: 882750P55<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1678992.90   | 0.20%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                         | CUSIP: 13063ENN2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1172192.59   | 0.14%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                                                                           | CUSIP: 70879QBB8<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1980484.18   | 0.23%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                           | CUSIP: 64966SLP9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $2184333.68   | 0.26%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Central University                                                | NORTH CAROLINA ST CENTRL UNIV                                                                                         | CUSIP: 65819PCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE                                                                  | CUSIP: 709224PV5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1077296.97   | 0.13%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SF MTGE REVENUE                                                                                      | CUSIP: 462467YJ4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    880000 | PA      | $879663.31    | 0.10%             | 2049-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                                                                           | CUSIP: 658909E77<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1186628.81   | 0.14%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                                                                            | CUSIP: 68608ENK4<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002456.70   | 0.12%             | 2028-05-01      | Floating      | 3.01%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                                                                           | CUSIP: 45506D5P6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    840000 | PA      | $906828.64    | 0.11%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                   | CUSIP: 13048VKP2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503992.25    | 0.06%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                         | CUSIP: 592647ED9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2087441.60   | 0.24%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                   | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES & USE TAX                                                               | CUSIP: 15504RGG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250517.33    | 0.03%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Warren OH                                                              | WARREN CNTY OH HLTH CARE FACS REVENUE                                                                                 | CUSIP: 93515PDW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $595819.68    | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                                                                                 | CUSIP: 67756UDQ8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2366348.68   | 0.28%             | 2056-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                                                                                    | CUSIP: 650035T99<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202320.58    | 0.02%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT POLL CONTROL REVENUE                                                          | CUSIP: 546749AT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $455837.15    | 0.05%             | 2033-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Baseline Metropolitan District No 1                                              | BASELINE MET DIST #1 CO SPL REVENUE                                                                                   | CUSIP: 069826AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $426535.00    | 0.05%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM                                                                      | CUSIP: 20775CU85<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    545000 | PA      | $551331.65    | 0.06%             | 2049-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Three Bridges Public Infrastructure District No 1                                | THREE BRIDGES PUBLIC INFRASTRUCTURE DIST #1 UT SPL ASSMNT                                                             | CUSIP: 88553DAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992250.60    | 0.12%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                              | CUSIP: 40065NCY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $312618.81    | 0.04%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                          | CUSIP: 646140DH3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1043504.96   | 0.12%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                                                          | CUSIP: 59447PYT2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3002519.70   | 0.35%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                           | CUSIP: 64966SPW0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5465362.50   | 0.64%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 210-Phoenix                        | MARICOPA CNTY AZ HIGH SCH DIST #210 PHOENIX                                                                           | CUSIP: 567505SN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $521163.87    | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                           | CUSIP: 64966SLA2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $2007491.17   | 0.24%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                              | CUSIP: 544532BE3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    825000 | PA      | $904246.94    | 0.11%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                                                                              | CUSIP: 594654NX9<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1596078.98   | 0.19%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REV                                                                              | CUSIP: 64972KLH6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018346.70   | 0.12%             | 2065-05-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                              | CUSIP: 544532AU8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1473098.34   | 0.17%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SCGF7F689 IRS USD R F  3.45250 BCGF7F689_FIX CCPOIS / Short: SCGF7F689 IRS USD P V 12MSOFR BCGF7F689_FLO CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  65694906 | OU      | $73663.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Inglewood Redevelopment Agency Successor Agency                                  | INGLEWOOD CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION                                                                   | CUSIP: 34637QAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039571.00   | 0.12%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                          | CUSIP: 45204FCW3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225320.56    | 0.03%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                         | CUSIP: 13063ENP7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4552847.20   | 0.53%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stadium Trace Village Improvement District/The                                   | STADIUM TRACE VLG IMPT DIST DEV INCENTIVE ANTIC BONDS                                                                 | CUSIP: 852351AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $938501.51    | 0.11%             | 2036-03-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                      | ORANGE CNTY CA CMNTY FACS DIST                                                                                        | CUSIP: 68423PZX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $151015.33    | 0.02%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                      | MIAMI-DADE CNTY FL HSG FIN AUTH MF HSG REVENUE                                                                        | CUSIP: 593344CD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1208864.42   | 0.14%             | 2029-09-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                           | CUSIP: 442349GG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1651293.15   | 0.19%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Housing Finance Corp                                               | HARRIS CNTY TX HSG FIN CORP                                                                                           | CUSIP: 414158TQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999061.50    | 0.12%             | 2043-09-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                           | CUSIP: 442349GD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056914.60   | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Diablo Unified School District/CA                                          | MOUNT DIABLO CA UNIF SCH DIST                                                                                         | CUSIP: 621196V35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $499724.51    | 0.06%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sawyers Landing Community Development District                                   | SAWYERS LANDING CDD FL SPL ASSMNT REVENUE                                                                             | CUSIP: 805517AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501164.25    | 0.06%             | 2031-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                         | CUSIP: 93974EVV5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2067475.57   | 0.24%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                           | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1377684.57   | 0.16%             | 2054-11-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Alachua County Health Facilities Authority                                       | ALACHUA CNTY FL HLTH FACS AUTH CCRC                                                                                   | CUSIP: 010684BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $235744.13    | 0.03%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                                                                               | CUSIP: 646067FB9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    870000 | PA      | $889233.44    | 0.10%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                             | CUSIP: 544445SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1034749.20   | 0.12%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 817                         | LAS VEGAS NV SPL ASSMNT DIST #817                                                                                     | CUSIP: 51779BAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $356046.45    | 0.04%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE                                                          | CUSIP: 65821DXL0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    800000 | PA      | $805682.08    | 0.09%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE                                                                      | CUSIP: 70878CBF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2144505.20   | 0.25%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                     | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076325.70   | 0.13%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                       | CUSIP: 544525Y93<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1527935.11   | 0.18%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                            | CUSIP: 735389G77<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2143098.60   | 0.25%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                  | CUSIP: 74526QXT4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    200000 | PA      | $137500.00    | 0.02%             | 2040-07-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE                                                                   | CUSIP: 658207ZF5<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    500000 | PA      | $486955.10    | 0.06%             | 2028-01-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                               | CUSIP: 13080SGS7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    260000 | PA      | $260000.00    | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                       | CUSIP: 74440DDS0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1534897.95   | 0.18%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH LEASE RENT REVENUE                                                                               | CUSIP: 63610TAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $764667.30    | 0.09%             | 2034-10-15      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                                                                         | CUSIP: 452252LK3<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    975000 | PA      | $992727.65    | 0.12%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                        | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    322000 | PA      | $322052.81    | 0.04%             | 2032-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE                                                                     | CUSIP: 83712DY91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1783934.34   | 0.21%             | 2052-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                                                                            | CUSIP: 052398GC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1057629.80   | 0.12%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Decatur Housing Authority                                                        | DECATUR GA HSG AUTH MF HSG REVENUE                                                                                    | CUSIP: 24311PAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $146162.55    | 0.02%             | 2028-09-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                                                                             | CUSIP: 66285WBV7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1762399.00   | 0.21%             | 2030-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                           | CUSIP: 64966SLB0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1608784.29   | 0.19%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                          | CUSIP: 677525WY9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    140000 | PA      | $139679.67    | 0.02%             | 2026-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                     | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2055000 | PA      | $2079923.66   | 0.24%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                    | CUSIP: 249182LC8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057584.60   | 0.12%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                  | CUSIP: 57584YPF0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1874944.31   | 0.22%             | 2049-07-01      | Floating      | 3.49%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                        | CUSIP: 650116FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2183357.00   | 0.26%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE                                                                   | CUSIP: 658207M28<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1186141.68   | 0.14%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                                                                           | CUSIP: 647201KP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $169941.45    | 0.02%             | 2051-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES                                                           | CUSIP: 26118TBW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $271712.53    | 0.03%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                        | CUSIP: 650116FC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061031.80   | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV                                                                | SPARKS NV TOURISM IMPT DIST #1 REVENUE                                                                                | CUSIP: 846562AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $899775.86    | 0.11%             | 2028-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                                                                            | CUSIP: 167486F87<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016973.50   | 0.12%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                  | CUSIP: 64990KHK2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1128481.90   | 0.13%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                         | CUSIP: 592647KW0<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1425000.00   | 0.17%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC                                                          | CUSIP: 74527EFK9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    500000 | PA      | $529721.90    | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE                                                                  | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    275000 | PA      | $277693.16    | 0.03%             | 2050-09-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA HSG FIN CORP REVENUE                                                                                          | CUSIP: 34074NBE8<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2257776.96   | 0.26%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pinellas County Housing Finance Authority                                        | PINELLAS CNTY FL HSG FIN AUTHMF HSG REVENUE                                                                           | CUSIP: 72317BAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1127873.26   | 0.13%             | 2028-07-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE                                                                        | CUSIP: 762323DL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1168833.39   | 0.14%             | 2043-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 819                         | LAS VEGAS NV SPL IMPT DIST #819                                                                                       | CUSIP: 51779EAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120040.19    | 0.01%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Paducah Electric Plant Board                                                     | PADUCAH KY ELEC PLANT BRD REVENUE                                                                                     | CUSIP: 695317DP9<br>LEI: 549300XTPDPORT8VIQ62 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045910.20   | 0.24%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                      | CUSIP: 84247PMM0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    655000 | PA      | $733892.52    | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE                                                                      | CUSIP: 70878CBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $747118.89    | 0.09%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                                                                                                  | CUSIP: 882854ZX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2102977.40   | 0.25%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF HSG REVENUE                                                                           | CUSIP: 25477PPQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1809231.66   | 0.21%             | 2040-09-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                | CUSIP: 939783U79<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    470000 | PA      | $470072.00    | 0.06%             | 2030-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mesquite Independent School District                                             | MESQUITE TX INDEP SCH DIST                                                                                            | CUSIP: 590760UJ1<br>LEI: 549300M7COV11VUIZE16 | Long             | DBT              | MUN               | US        |    435000 | PA      | $444422.06    | 0.05%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                                                                            | CUSIP: 19648GBX9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1175134.55   | 0.14%             | 2054-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE                                                                | CUSIP: 592247J92<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $387978.00    | 0.05%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                         | CUSIP: 13063ELT1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    750000 | PA      | $834175.95    | 0.10%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Will County Community Unit School District No 201-U Crete-Monee                  | WILL CNTY IL CMNTY UNIT SCH DIST #201 CRETE-MONEE                                                                     | CUSIP: 969003RF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $164573.41    | 0.02%             | 2025-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                               | SPRING TX INDEP SCH DIST                                                                                              | CUSIP: 850001BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $597671.04    | 0.07%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Amelia County Industrial Development Authority                                   | AMELIA CNTY VA INDL DEV AUTH SOL WST DISP REVENUE                                                                     | CUSIP: 023445AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $556350.68    | 0.07%             | 2027-04-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV                                                           | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1255484.50   | 0.15%             | 2046-10-01      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                                                                             | CUSIP: 167736K63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2088176.60   | 0.24%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                             | CUSIP: 8371515W5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3763353.75   | 0.44%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                          | CUSIP: 45203HAH5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.70%             | 2044-08-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                          | CUSIP: 45204FK20<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    190000 | PA      | $203523.21    | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH HSG CORP SF MTGE REVENUE                                                                                         | CUSIP: 917437PH2<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    300000 | PA      | $338637.63    | 0.04%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                           | CUSIP: 452152D32<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $3015966.39   | 0.35%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health Care Authority for Baptist Health/The                                     | HLTH CARE AUTH FOR BAPTIST HLTH AL                                                                                    | CUSIP: 42219UBY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072349.50   | 0.13%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SWAP CCPC MORGAN STANLEY COC                                                     | SWAP CCPC MORGAN STANLEY COC                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    558000 | NS      | $558000.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                                                                                    | CUSIP: 19648FXZ2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2244750.80   | 0.26%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                                                                                   | CUSIP: 462590PU8<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    580000 | PA      | $585397.25    | 0.07%             | 2045-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE                                                                | CUSIP: 010268AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1277863.50   | 0.15%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                    | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   8700000 | PA      | $5763749.96   | 0.68%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Brooklyn Arena Local Development Corp                                            | BROOKLYN ARENA NY LOCAL DEV CORP PILOT REVENUE                                                                        | CUSIP: 113807BC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518229.05   | 0.18%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission                           | HAMPTON ROADS VA TRANSPRTN ACCOUNTABILITY COMMISSION REVENUE                                                          | CUSIP: 40934TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1821532.82   | 0.21%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE                                                          | CUSIP: 64542UHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $587815.08    | 0.07%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                                                                                      | CUSIP: 45201YS57<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    920000 | PA      | $926568.52    | 0.11%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Development Authority                                         | LOS ANGELES CNTY CA DEV AUTH MF HSG REVENUE                                                                           | CUSIP: 54467WAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2846045.56   | 0.33%             | 2059-09-01      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                  | CUSIP: 74526QWQ1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    335000 | PA      | $229475.00    | 0.03%             | 2020-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY RSDL MTGE REVENUE                                                                                 | CUSIP: 67756QT98<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    360000 | PA      | $357625.58    | 0.04%             | 2052-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                           | CUSIP: 64966G4N9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.26%             | 2036-04-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                     | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    814000 | PA      | $666979.39    | 0.08%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                                                                            | CUSIP: 70869PJW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $905656.68    | 0.11%             | 2028-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE                                                                       | CUSIP: 23503CCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200345.82    | 0.02%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                                           | VERMONT ST ECON DEV AUTH SOLID WST DISP REVENUE                                                                       | CUSIP: 924157AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $667540.16    | 0.08%             | 2052-06-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                           | CUSIP: 442349GE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073321.70   | 0.13%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chesapeake Redevelopment & Housing Authority                                     | CHESAPEAKE VA REDEV & HSG AUTH MF HSG REVENUE                                                                         | CUSIP: 165328BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3035296.50   | 0.36%             | 2043-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                           | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018077.40   | 0.12%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                                                                                 | CUSIP: 68450LEH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1263346.35   | 0.15%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                         | CUSIP: 59261AWW3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    740000 | PA      | $741789.39    | 0.09%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                                                            | CUSIP: 64972JSN9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    550000 | PA      | $616784.80    | 0.07%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                              | CUSIP: 84136HCP6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    250000 | PA      | $275352.25    | 0.03%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                              | CUSIP: 79766DXF1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071354.90   | 0.13%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                              | CUSIP: 40065NCZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $170004.78    | 0.02%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                 | FLORIDA ST BRD OF EDU PUBLIC EDU                                                                                      | CUSIP: 34153QXR2<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    570000 | PA      | $666684.03    | 0.08%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                                                                        | CUSIP: 645790KD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2510000 | PA      | $2577901.52   | 0.30%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                              | COLUMBUS OH                                                                                                           | CUSIP: 1994926V6<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022446.50   | 0.12%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                    | ATLANTA GA WTR & WSTWTR REVENUE                                                                                       | CUSIP: 047870MT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $420805.52    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                                                                                | CUSIP: 1810592G0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $563873.65    | 0.07%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockland County Economic Assistance Corp                                         | ROCKLAND CNTY NY ECON ASSISTANCE CORP REVENUE                                                                         | CUSIP: 77356HAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540173.00   | 0.18%             | 2030-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                                                                               | CUSIP: 71883MMR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2076849.80   | 0.24%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                  | CUSIP: 74526QKP6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    275000 | PA      | $188375.00    | 0.02%             | 2021-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                                                                                        | CUSIP: 795576LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537581.90    | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY MF HSG REVENUE                                                                                    | CUSIP: 676900XT5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1308453.51   | 0.15%             | 2042-07-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                         | PORTLAND OR SWR SYS REVENUE                                                                                           | CUSIP: 736742B71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1287616.82   | 0.15%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Affordable Pfc Inc                                                        | AUSTIN TX AFFORDABLE PUBLIC FACILITY CORP INC MF HSG REVENUE                                                          | CUSIP: 05217TAU8<br>LEI: 529900LKLIWOHOEBOF89 | Long             | DBT              | MUN               | US        |    405000 | PA      | $421378.08    | 0.05%             | 2028-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                         | MECKLENBURG CNTY NC LTD OBLG                                                                                          | CUSIP: 58400CBQ9<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1080832.94   | 0.13%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                                                                                     | CUSIP: 79625GEF6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054883.20   | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Higher Education Authority Inc                                       | N TEXAS HGR EDU AUTH INC EDU LOAN REVENUE                                                                             | CUSIP: 66286UAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240299.30    | 0.03%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fontana CA                                                               | FONTANA CA SPL TAX                                                                                                    | CUSIP: 344630L89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525239.50    | 0.06%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                                | CHARLOTTE NC WTR & SWR SYS REVENUE                                                                                    | CUSIP: 161045SJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019118.60   | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE                                                            | CUSIP: 646080VY4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    495000 | PA      | $464576.11    | 0.05%             | 2040-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                         | CUSIP: 13063DB80<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3247342.80   | 0.38%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                             | COLORADO SPRINGS CO UTILITIES REVENUE                                                                                 | CUSIP: 196632H97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125364.48    | 0.01%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                        | CUSIP: 74447TAC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    142000 | PA      | $143947.00    | 0.02%             | 2029-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                          | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE                                                                      | CUSIP: 576000F57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $2192279.45   | 0.26%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE                                                                | CUSIP: 592247GA2<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |     40000 | PA      | $35547.87     | 0.00%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE                                                                        | CUSIP: 762323CB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $410038.40    | 0.05%             | 2041-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                           | CUSIP: 442349JF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2218972.80   | 0.26%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH MF REVENUE                                                                                   | CUSIP: 45202BSG2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1925518.14   | 0.23%             | 2032-08-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                            | FRANKLIN CNTY OH REVENUE                                                                                              | CUSIP: 353202FK5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700041.99   | 0.20%             | 2046-12-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                          | CUSIP: 928104NE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $178815.32    | 0.02%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                         | CUSIP: 93974E5F9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1890000 | PA      | $2110259.09   | 0.25%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Housing Corp                                                            | KENTUCKY ST HSG CORP MF REVENUE                                                                                       | CUSIP: 49131CAD4<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008410.80   | 0.12%             | 2028-07-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                                                                  | CUSIP: 60635HU80<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    415000 | PA      | $416779.77    | 0.05%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                       | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099214.00   | 0.25%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                          | CUSIP: 928104NL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027693.20   | 0.12%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE                                                                        | CUSIP: 235241RW8<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    665000 | PA      | $667559.45    | 0.08%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harbor Bay Community Development District                                        | HARBOR BAY FL CDD CAPITAL IMPT REVENUE                                                                                | CUSIP: 411466AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $487795.05    | 0.06%             | 2029-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| County of Warren OH                                                              | WARREN CNTY OH HLTH CARE FACS REVENUE                                                                                 | CUSIP: 93515PDU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $672263.74    | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                   | CUSIP: 13048VKR8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100662.37    | 0.01%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                           | CUSIP: 64966SLL8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    850000 | PA      | $938572.30    | 0.11%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisa Industrial Development Authority                                          | LOUISA VA INDL DEV AUTH POLL CONTROL REVENUE                                                                          | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1050088.00   | 0.12%             | 2035-11-01      | Floating      | 3.13%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                                                                         | CUSIP: 64461XKM6<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    400000 | PA      | $382245.44    | 0.04%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 12                                     | VLG FL CDD #12 SPL ASSMNT REVENUE                                                                                     | CUSIP: 92708FAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1117378.06   | 0.13%             | 2028-05-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                    | CUSIP: 67756DBB1<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2039-01-01      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                            | CUSIP: 735389Z76<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030887.60   | 0.24%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chula Vista Redevelopment Agency Successor Agency                                | CHULA VISTA CA REDEV AGY SUCCESSOR AGENCY TAX ALLOCATION                                                              | CUSIP: 17132FAM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $584421.91    | 0.07%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Miami Community Redevelopment Agency                                       | NORTH MIAMI FL CMNTY REDEV AGY REDEV REVENUE                                                                          | CUSIP: 661056AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $985039.07    | 0.12%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                                | MISSION TX ECON DEV CORP REVENUE                                                                                      | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500599.10    | 0.06%             | 2031-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT SPL ASSMNT                                                            | CUSIP: 59561TAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $452491.16    | 0.05%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ukiah Unified School District/CA                                                 | UKIAH CA UNIF SCH DIST                                                                                                | CUSIP: 903698CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1162290.25   | 0.14%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                                 | NORTH CAROLINA ST CAPITAL FACS FIN AGY SOL WST DISP REVENUE                                                           | CUSIP: 65820AAM0<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2708695.95   | 0.32%             | 2034-07-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                                                                           | CUSIP: 70879QXV0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10980.71     | 0.00%             | 2054-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                               | MET WTR DIST OF STHRN CA WTRWKS REVENUE                                                                               | CUSIP: 59266TXR7<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2234985.00   | 0.26%             | 2037-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                | IRVINE CA IMPT BOND ACT 1915                                                                                          | CUSIP: 46360RLH8<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    675000 | PA      | $678831.64    | 0.08%             | 2028-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Housing Authority/GA                                              | DOUGLAS CNTY GA HSG AUTH MF REVENUE                                                                                   | CUSIP: 259028AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $604552.10    | 0.07%             | 2028-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Canyons Metropolitan District No 5                                               | CANYONS MET DIST #5 CO                                                                                                | CUSIP: 139071AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $224896.50    | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                          | VERMONT ST EDUCTNL & HLTH BLDGS FING AGY REVENUE                                                                      | CUSIP: 924166HV6<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    610000 | PA      | $615236.42    | 0.07%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                                                                                       | CUSIP: 34074MWT4<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1524846.71   | 0.18%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                       | CUSIP: 544525Z43<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    405000 | PA      | $462684.84    | 0.05%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                                                                                | CUSIP: 181059M86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508821.95    | 0.06%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                                                                           | CUSIP: 6472012P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $552234.65    | 0.06%             | 2056-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                                                                               | CUSIP: 64990AHF5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101114.62    | 0.01%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                 | CUSIP: 167505UD6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527724.35    | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | WAYNE CNTY MI ARPT AUTH REVENUE                                                                                       | CUSIP: 944514J41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $1063904.83   | 0.12%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Ana Unified School District                                                | SANTA ANA CA UNIF SCH DIST                                                                                            | CUSIP: 801155PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $380245.46    | 0.04%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE                                                                        | CUSIP: 880461ZU5<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    935000 | PA      | $946127.90    | 0.11%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Higher Education Authority Inc                                       | N TEXAS HGR EDU AUTH INC EDU LOAN REVENUE                                                                             | CUSIP: 66286UAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1382549.00   | 0.16%             | 2046-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Columbus County Housing Authority                                                | COLUMBUS GA HSG AUTH                                                                                                  | CUSIP: 199123CM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $292394.73    | 0.03%             | 2028-11-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                                                                           | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $464703.83    | 0.05%             | 2032-10-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                           | CUSIP: 89602RCC7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155455.81    | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                                                                        | CUSIP: 20772KSB6<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150413.10    | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Higher Education Authority Inc                                       | N TEXAS HGR EDU AUTH INC EDU LOAN REVENUE                                                                             | CUSIP: 66286UAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $368269.09    | 0.04%             | 2045-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE                                                                    | CUSIP: 92428CNB6<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1634055.91   | 0.19%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                     | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1435815.94   | 0.17%             | 2055-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                          | CUSIP: 45204FPL3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    295000 | PA      | $294883.00    | 0.03%             | 2025-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REV                                                                              | CUSIP: 64972KKK0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2565487.61   | 0.30%             | 2055-05-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Dickson Health & Educational Facilities Board/TN                                 | DICKSON TN HLTH EDUCTNL & HSG FAC BRD MF REVENUE                                                                      | CUSIP: 253514AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $872444.09    | 0.10%             | 2028-04-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                                                                            | CUSIP: 167486F79<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1029741.55   | 0.12%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing Options Inc/TX                                                           | HSG OPTIONS INC TX MF REVENUE                                                                                         | CUSIP: 44183TAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $416630.78    | 0.05%             | 2045-02-01      | Floating      | 3.05%                 | No            |                  2 | On Loan: No      |
| Nevada Housing Division                                                          | NEVADA ST HSG DIV                                                                                                     | CUSIP: 641272HR3<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    185000 | PA      | $191790.00    | 0.02%             | 2028-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                                                                  | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $276593.71    | 0.03%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Myrtle Beach SC                                                          | MYRTLE BEACH SC TAX INCR REVENUE                                                                                      | CUSIP: 628575BW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1237110.90   | 0.15%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SF MTGE REVENUE                                                                                      | CUSIP: 462467U74<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    190000 | PA      | $187166.28    | 0.02%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Western Riverside Water & Wastewater Financing Authority                         | WSTRN RIVERSIDE CA WTR & WSTWTR FIN AUTH REVENUE                                                                      | CUSIP: 95942TFG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1058839.88   | 0.12%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE                                                                | CUSIP: 592248AZ1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    630000 | PA      | $598531.94    | 0.07%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District Nebraska City Station Unit 2                         | OMAHA NE PUBLIC PWR DIST SEPARATE ELEC REVENUE                                                                        | CUSIP: 682004EB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1567440.30   | 0.18%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                               | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE                                                                      | CUSIP: 9281724G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $848422.88    | 0.10%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                   | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES & USE TAX                                                               | CUSIP: 15504RGE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100206.93    | 0.01%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                     | OREGON ST DEPT OF TRANSPRTN GRANT ANTICIPATION REVENUE                                                                | CUSIP: 68606UAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $599143.22    | 0.07%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp                                                           | LOUISIANA ST HSG CORP SF MTGE REVENUE                                                                                 | CUSIP: 54627DLR0<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $2015743.29   | 0.24%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST SOL WST REVENUE                                                                                               | CUSIP: 67759ABG3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1234473.89   | 0.14%             | 2035-11-01      | Floating      | 3.20%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                                                                             | CUSIP: 68609UPU3<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069900.60   | 0.13%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                        | CUSIP: 650116DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2567891.10   | 0.30%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                                                                                       | CUSIP: 34074M7G0<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    240000 | PA      | $264313.44    | 0.03%             | 2055-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                             | ROCHESTER MN HLTH CARE FACS REVENUE                                                                                   | CUSIP: 771902HS5<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.12%             | 2064-11-15      | Floating      | 3.05%                 | No            |                  2 | On Loan: No      |
| Kentucky Asset Liability Commission                                              | KENTUCKY ST ASSET/LIABILITY COMMISSION GEN FUND REVENUE                                                               | CUSIP: 491189GD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $766335.77    | 0.09%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Public Financing Authority                                      | RIVERSIDE CNTY CA PUBLIC FING AUTH LEASE REVENUE                                                                      | CUSIP: 76912KCM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1578569.90   | 0.19%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD                                                          | CUSIP: 04052FCA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014645.00   | 0.12%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                        | CUSIP: 650116DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1363853.97   | 0.16%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV                                                           | CUSIP: 708692BF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2771373.55   | 0.32%             | 2041-07-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| FUTURES GOLDMAN COC                                                              | FUTURES GOLDMAN COC                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     50000 | NS      | $50000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA HSG FIN AGY HOMEOWNERSHIP REVENUE                                                                      | CUSIP: 65820BBA3<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1808151.73   | 0.21%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                           | CUSIP: 64966Q2G4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093072.50   | 0.13%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                                                                                       | CUSIP: 34074MTL5<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    870000 | PA      | $875848.84    | 0.10%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington County Industrial Development Authority                                | ARLINGTON CNTY VA INDL DEV AUTH MF REVENUE                                                                            | CUSIP: 04144PDW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005560.40   | 0.12%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                       | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5540000 | PA      | $5943718.64   | 0.70%             | 2055-06-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                         | CUSIP: 13063DM54<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2205041.00   | 0.26%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                                                                           | CUSIP: 121342QR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2642708.11   | 0.31%             | 2049-12-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | TEXAS ST TURNPIKE AUTH CENTRLTX TURNPIKE SYS REVENUE                                                                  | CUSIP: 882762FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949260.30    | 0.11%             | 2027-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE                                                          | CUSIP: 65821DVN8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    260000 | PA      | $260730.78    | 0.03%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Corpus Christi Independent School District                                       | CORPUS CHRISTI TX INDEP SCH DIST                                                                                      | CUSIP: 2201477A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $706788.11    | 0.08%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BCGF65518 IRS USD R V 12MSOFR BCGF65518_FLO CCPOIS / Short: BCGF65518 IRS USD P F  3.59450 BCGF65518_FIX CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  15000000 | OU      | $75039.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                      | NEW YORK CITY NY INDL DEV AGY REVENUE                                                                                 | CUSIP: 64971PKW4<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1389048.01   | 0.16%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wright Elementary School District                                                | WRIGHT CA ELEM SCH DIST                                                                                               | CUSIP: 982233BW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $400651.66    | 0.05%             | 2028-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                             | TRIMBLE CNTY KY POLL CONTROL REVENUE                                                                                  | CUSIP: 896224BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $934774.90    | 0.11%             | 2044-09-01      | Floating      | 1.30%                 | No            |                  2 | On Loan: No      |
| Tulare Joint Union High School District                                          | TULARE CA JT UNIF SCH DIST                                                                                            | CUSIP: 899096AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489182.35    | 0.06%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp                                                 | IOWA ST STUDENT LOAN LIQUIDITY CORP                                                                                   | CUSIP: 462590PN4<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |    280000 | PA      | $299756.83    | 0.04%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                                                                                      | CUSIP: 79467BFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112959.20   | 0.13%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-HOUSTON TX SPORTSAUTH REVENUE                                                                             | CUSIP: 413890FX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996212.70    | 0.12%             | 2025-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Public Financing Authority                                      | RIVERSIDE CNTY CA PUBLIC FINGAUTH                                                                                     | CUSIP: 76912TJQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1237372.68   | 0.15%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                      | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $2055579.44   | 0.24%             | 2055-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                                                                                       | CUSIP: 34074MUL3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1659214.82   | 0.19%             | 2051-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Las Vegas NV Special Improvement District No 819                         | LAS VEGAS NV SPL IMPT DIST #819                                                                                       | CUSIP: 51779EAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $137662.74    | 0.02%             | 2027-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | BALTIMORE MD SPL OBLIG                                                                                                | CUSIP: 05923TCK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196256.24    | 0.02%             | 2029-06-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                 | CUSIP: 167505YX8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072536.40   | 0.13%             | 2031-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                     | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1531820.10   | 0.18%             | 2052-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Higher Education Student Loan Corp                                      | KENTUCKY ST HGR EDU STUDENT LOAN CORP                                                                                 | CUSIP: 49130NHK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1209599.12   | 0.14%             | 2040-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| University of Wisconsin Hospitals & Clinics                                      | UNIV HOSPS & CLINICS AUTH WI                                                                                          | CUSIP: 915260FA6<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082653.20   | 0.13%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE                                                                | CUSIP: 60637AYP1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    750000 | PA      | $834721.73    | 0.10%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI                                                                                               | CUSIP: 438687WX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1283142.29   | 0.15%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                        | LAS VEGAS NV CONVENTION & VISITORS AUTH CONVENTION CTR EXPAN                                                          | CUSIP: 51771FBN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $364982.84    | 0.04%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE                                                                      | CUSIP: 70878CBH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     59000 | PA      | $57525.97     | 0.01%             | 2045-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                                                                                | CUSIP: 5946952L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $571527.20    | 0.07%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV                                                             | CUSIP: 20282EAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115008.40   | 0.25%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                           | CUSIP: 89602RKC8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2125000.00   | 0.25%             | 2032-01-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                     | CUSIP: 414009HG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230359.84    | 0.03%             | 2028-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue      | MASSACHUSETTS ST DEPT OF TRANSPRTN MET HIGHWAY SYS REVENUE                                                            | CUSIP: 57563CEL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1528500.64   | 0.18%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Humble Independent School District                                               | HUMBLE TX INDEP SCH DIST                                                                                              | CUSIP: 445047LR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $678731.84    | 0.08%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                 | CUSIP: 167505SH0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001652.10   | 0.12%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                                                                           | CUSIP: 70879QSE4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    210000 | PA      | $216944.57    | 0.03%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                                                                             | CUSIP: 68609URG2<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1318614.00   | 0.15%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                          | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                                                                           | CUSIP: 25477GXW0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1114228.90   | 0.13%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                           | CUSIP: 89602RKE4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  10860000 | PA      | $10860000.00  | 1.27%             | 2035-01-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                                                                            | CUSIP: 167484QR8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    500000 | PA      | $496158.95    | 0.06%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD                                                          | CUSIP: 592113CS1<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    575000 | PA      | $583521.67    | 0.07%             | 2046-10-01      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                        | CUSIP: 650116CG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3220405.62   | 0.38%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD MF HSG REVENUE                                                                | CUSIP: 499652AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2319525.05   | 0.27%             | 2029-09-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO ST HSG FIN AGY MF HSG REVENUE                                                                                    | CUSIP: 676900XK4<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1183002.57   | 0.14%             | 2028-03-01      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                                                                                     | CUSIP: 79625GBD4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    600000 | PA      | $612715.92    | 0.07%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                      | GEO L SMITH II GA CONGRESS CTR AUTH                                                                                   | CUSIP: 37255MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $467005.25    | 0.05%             | 2031-01-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Brevard County Housing Finance Authority                                         | BREVARD CNTY FL HSG FIN AUTH MF HSG                                                                                   | CUSIP: 106904FY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $568334.46    | 0.07%             | 2028-02-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                      | CUSIP: 63608TAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000081.70   | 0.12%             | 2032-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH MF HSG REVENUE                                                                               | CUSIP: 04062PCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3820000 | PA      | $3918425.74   | 0.46%             | 2058-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                          | CUSIP: 928104MM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510596.45    | 0.06%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Community Facilities District                                      | ORANGE CNTY CA CMNTY FACS DIST                                                                                        | CUSIP: 68423PZY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201490.08    | 0.02%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE                                                                        | CUSIP: 63968MRE1<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    565000 | PA      | $568210.90    | 0.07%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION MF HSG REVENUE                                                                       | CUSIP: 93978PPV3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    135000 | PA      | $138723.21    | 0.02%             | 2028-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH MF HSG REVENUE                                                                               | CUSIP: 718903RU3<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    295000 | PA      | $298011.51    | 0.03%             | 2027-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE                                                                      | CUSIP: 70878CAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $109726.33    | 0.01%             | 2041-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                       | CUSIP: 74440DCM4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022809.20   | 0.12%             | 2050-02-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                                | ALABAMA ST HSG FIN AUTH SF MTGE REVENUE                                                                               | CUSIP: 01030RLM2<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1425730.12   | 0.17%             | 2055-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| El Paso County Hospital District                                                 | EL PASO CNTY TX HOSP DIST                                                                                             | CUSIP: 283590JG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1326981.24   | 0.16%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                      | ATLANTA GA URBAN RSDL FIN AUTH MF HSG REVENUE                                                                         | CUSIP: 04785VBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253357.03    | 0.03%             | 2029-02-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The            | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                                                                             | CUSIP: 717903L63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510359.60    | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                              | LEANDER TX INDEP SCH DIST                                                                                             | CUSIP: 521841P42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $561409.90    | 0.07%             | 2027-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF HSG MTGE REVENUE                                                                      | CUSIP: 25477TAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2514899.60   | 0.29%             | 2028-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Housing Authority Inc                                                  | SAN DIEGO CA HSG AUTH MF HSG REVENUE                                                                                  | CUSIP: 79728FLH2<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1176086.49   | 0.14%             | 2057-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                                                                          | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024877.30   | 0.12%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                  | CHESTER CNTY PA INDL DEV AUTH                                                                                         | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505945.05    | 0.06%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                           | CUSIP: 452153NS4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4538060.00   | 0.53%             | 2032-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                 | CUSIP: 592250FJ8<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1549450.28   | 0.18%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                         | CUSIP: 13063D7R3<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1729135.35   | 0.20%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEV AUTH MFH REVENUE                                                                        | CUSIP: 13079PZS5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     90000 | PA      | $93872.12     | 0.01%             | 2028-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                                 | ALASKA ST INDL DEV & EXPORT AUTH PWR REVENUE                                                                          | CUSIP: 011908DX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000873.70   | 0.12%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                             | CUSIP: 626207X82<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1472387.39   | 0.17%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                                                                               | CUSIP: 04780M2P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1679421.75   | 0.20%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                                | MISSISSIPPI ST BUSINESS FIN COMMISSION GULF OPPORTUNITY ZONE                                                          | CUSIP: 60528ACA0<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.22%             | 2035-11-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                       | SOUTH DAKOTA ST HSG DEV AUTH                                                                                          | CUSIP: 83756CXV2<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1367635.72   | 0.16%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas State Affordable Housing Corp                                              | TEXAS ST AFFORDABLE HSG CORP MF HSG REVENUE                                                                           | CUSIP: 88271FFP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503012.25    | 0.06%             | 2044-07-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                  | NEVADA ST                                                                                                             | CUSIP: 641462WG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2350000.00   | 0.28%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Morehead City NC                                                         | MOREHEAD CITY NC MFH REVENUE                                                                                          | CUSIP: 616587AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151964.27    | 0.02%             | 2028-01-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | CAPITAL TRUST AUTH FL HLTH CARE FACS REVENUE                                                                          | CUSIP: 14055GAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1828067.77   | 0.21%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                                                                         | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2679931.04   | 0.31%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                           | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050988.60   | 0.24%             | 2052-02-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWR REVENUE                                                                                 | CUSIP: 74526YLM5<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $681250.00    | 0.08%             | 2030-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL DEDICATED ST TAX REVENUE                                                                | CUSIP: 592247J68<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $413496.30    | 0.05%             | 2031-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST                                                                                                           | CUSIP: 574193XQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3294219.60   | 0.39%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams County School District No 14                                               | ADAMS CNTY CO SCH DIST #14                                                                                            | CUSIP: 005662NY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1969638.74   | 0.23%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                  | CUSIP: 64990KHM8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3410000 | PA      | $3908210.55   | 0.46%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                                                                                                          | CUSIP: 60412AYU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2148786.60   | 0.25%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH                                                                                        | CUSIP: 56682HCC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $294860.81    | 0.03%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Talavera Community Development District                                          | TALAVERA CDD FL CAPITAL IMPT REVENUE                                                                                  | CUSIP: 87410PAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $536424.17    | 0.06%             | 2030-05-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE                                                                 | CUSIP: 51265KBD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $222036.08    | 0.03%             | 2027-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE                                                                   | CUSIP: 45470CAG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024904.50   | 0.12%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                             | CUSIP: 6262073V4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1338715.00   | 0.16%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Convention & Sports Authority                                         | WASHINGTON DC CONVENTION & SPORTS AUTH DEDICATED TAX REVENUE                                                          | CUSIP: 93878LBV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1308256.63   | 0.15%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY                                                                                           | CUSIP: 65889BBC7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    170000 | PA      | $189812.34    | 0.02%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV                                                             | CUSIP: 20282EAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1825349.94   | 0.21%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST MAJOR NEW STATE INFRASTRUCTURE PROJ REVENUE                                                                   | CUSIP: 677581HD5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195938.81    | 0.02%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Argyle Independent School District                                               | ARGYLE TX INDEP SCH DIST                                                                                              | CUSIP: 040319V44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3680000 | PA      | $4213067.14   | 0.49%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                                                                        | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2279941.66   | 0.27%             | 2052-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Summit County Development Finance Authority                                      | SUMMIT CNTY OH DEV FIN AUTH MF HSG REVENUE                                                                            | CUSIP: 86607MAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2338047.34   | 0.27%             | 2028-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Reno NV                                                                  | RENO NV SPL ASSMNT                                                                                                    | CUSIP: 759865BU1<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |    185000 | PA      | $190828.52    | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp                                              | DALLAS TX HSG FIN CORP                                                                                                | CUSIP: 235298BX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $447350.54    | 0.05%             | 2028-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DIST OF COLUMBIA HSG FIN AGY MF HSG MTGE REVENUE                                                                      | CUSIP: 25477TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $329152.67    | 0.04%             | 2029-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                                                                                    | CUSIP: 57563RTU3<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    390000 | PA      | $391202.84    | 0.05%             | 2044-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                          | MONTGOMERY CNTY MD                                                                                                    | CUSIP: 6133408D3<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3400000.00   | 0.40%             | 2037-11-01      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD MF HSG REVENUE                                                                | CUSIP: 499652AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503284.50   | 0.29%             | 2027-12-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Sherman Independent School District/TX                                           | SHERMAN TX INDEP SCH DIST                                                                                             | CUSIP: 824178E60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143194.80   | 0.13%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                            | CUSIP: 74442PD28<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1042031.33   | 0.12%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                                                                                 | CUSIP: 68450LDS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001240.70   | 0.12%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund               | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE                                                                         | CUSIP: 67766WXC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501924.40    | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grapevine-Colleyville Independent School District                                | GRAPEVINE-COLLEYVILLE TX INDEP SCH DIST                                                                               | CUSIP: 3886407E8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1414515.18   | 0.17%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                           | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1638356.85   | 0.19%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                                                                          | CUSIP: 928104NF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512048.55    | 0.06%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                             | VIRGINIA BEACH VA DEV AUTH RSDL CARE FAC REVENUE                                                                      | CUSIP: 92774NBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009999.40   | 0.12%             | 2029-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                                                                          | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3450596.35   | 0.40%             | 2034-11-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Valdez AK                                                                | VALDEZ AK MARINE TERMINAL REVENUE                                                                                     | CUSIP: 919061DT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.13%             | 2033-12-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                      | OKLAHOMA ST TURNPIKE AUTH                                                                                             | CUSIP: 679111WS9<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    800000 | PA      | $804620.80    | 0.09%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES                                                                      | CUSIP: 49151F2Y5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100178.86    | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Klein Independent School District                                                | KLEIN TX INDEP SCH DIST                                                                                               | CUSIP: 498531HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750165.60    | 0.09%             | 2028-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                               | CUSIP: 13080S2W3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2273200.00   | 0.27%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                                                                          | CUSIP: 63607YCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $483784.05    | 0.06%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                          | CUSIP: 45204EBA5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    540000 | PA      | $548150.98    | 0.06%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                                                                                      | CUSIP: 45203MF55<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    995000 | PA      | $1109035.96   | 0.13%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EXEMPT FACS REVENUE                                                                                | CUSIP: 74443QAC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001686.80   | 0.23%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                             | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                      | CUSIP: 31222PAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $343193.18    | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp                                              | DALLAS TX HSG FIN CORP                                                                                                | CUSIP: 235298CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603020.40    | 0.07%             | 2030-08-01      | Floating      | 3.05%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                           | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1345131.38   | 0.16%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Monrovia Unified School District/CA                                              | MONROVIA CA UNIF SCH DIST                                                                                             | CUSIP: 611594GB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1104645.10   | 0.13%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                                                                              | CUSIP: 594654CM5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1269705.55   | 0.15%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MidCity Improvement District                                                     | MIDCITY IMPT DIST AL SPL ASSMNT REVENUE                                                                               | CUSIP: 59564KAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $181591.71    | 0.02%             | 2027-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                            | SACRAMENTO CA SPL TAX                                                                                                 | CUSIP: 786071SJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $258870.87    | 0.03%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                                                                        | CUSIP: 20772KPH6<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018904.10   | 0.12%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                                | MISSISSIPPI ST BUSINESS FIN COMMISSION GULF OPPORTUNITY ZONE                                                          | CUSIP: 60528AAS3<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4400000.00   | 0.52%             | 2030-12-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County Housing Finance Corp                                              | TARRANT CNTY TX HSG FIN CORP                                                                                          | CUSIP: 876394UP0<br>LEI: 54930055IA4O4ZTEN156 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1897974.75   | 0.22%             | 2043-02-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE                                                                        | CUSIP: 60637GDG1<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3424652.41   | 0.40%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                             | CUSIP: 5444455R6<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    400000 | PA      | $451466.44    | 0.05%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                                                                                                          | CUSIP: 60412AXW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1720181.96   | 0.20%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                                                                        | CUSIP: 645790KC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $390721.28    | 0.05%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE                                                              | CUSIP: 54659LBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1040448.19   | 0.12%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE                                                            | CUSIP: 646080YX3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1186007.82   | 0.14%             | 2045-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                         | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4338926.40   | 0.51%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Two Lakes Community Development District                                         | TWO LAKES CDD FL SPL ASSMNT                                                                                           | CUSIP: 90207EAP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $658427.43    | 0.08%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                                                                            | CUSIP: 196480XC6<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1629100.40   | 0.19%             | 2051-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                            | SACRAMENTO CA SPL TAX                                                                                                 | CUSIP: 786071SG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154338.12    | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH MF REVENUE                                                                                           | CUSIP: 46246JNL5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400504.72    | 0.05%             | 2026-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE                                                                        | CUSIP: 762323DD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $90660.82     | 0.01%             | 2043-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                                                                            | CUSIP: 196480DQ7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1397384.38   | 0.16%             | 2050-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                                                                              | CUSIP: 64613ALU4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $566807.95    | 0.07%             | 2056-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** Capital Group Fixed Income ETF Trust

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Analyst