# EDGAR Filing Document

**Accession Number:** 0001497778
**File Stem:** 0000940400-26-011439
**Filing Date:** 2026-3
**Character Count:** 74048
**Document Hash:** 37eab2205116040e217c48e765970a3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011439.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000940400-26-011439

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST SERIES FUND
- **CENTRAL INDEX KEY:** 0001497778

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22452
- **FILM NUMBER:** 26792242

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

## Series and Classes Contracts Data

### First Trust Managed Municipal Fund (Series ID: S000074778)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000232961 | Class I      | CWAIX           |
| C000232962 | Class A      | CWAAX           |

## Nport-Ex

**First Trust Managed Municipal Fund** 

**Portfolio of Investments** 

**January 31, 2026 (Unaudited)**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS – 98.9%** | **MUNICIPAL BONDS – 98.9%** | **MUNICIPAL BONDS – 98.9%** | **MUNICIPAL BONDS – 98.9%** | **MUNICIPAL BONDS – 98.9%** |
|  | **Alabama – 4.5%** |  |  |  |
| $500000 | &nbsp;&nbsp; Black Belt Energy Gas Dist AL Gas Proj Rev, Ser C-1 (Mandatory <br> put 06/01/29)<br>| 5.25<br> %<br>| 02/01/53 | $527288 |
| 640000 | &nbsp;&nbsp; Black Belt Energy Gas Dist AL Gas Proj Rev, Ser F (Mandatory <br> put 12/01/28)<br>| 5.50<br> %<br>| 11/01/53 | 676795 |
| 360000 | &nbsp;&nbsp; Homewood AL Eductnl Bldg Auth Rev Stdt Hsg & Parking Proj, <br> Ser C<br>| 5.50<br> %<br>| 10/01/44 | 373405 |
| 500000 | Jacksonville Pub Eductnl Bldg Auth JSU Fdtn Proj, Ser A, BAM | 5.13<br> %<br>| 08/01/44 | 525446 |
| 500000 | &nbsp;&nbsp; SE Energy Auth AL Cooperative Dist Cmdy Sply Rev Proj #6, <br> Ser B (Mandatory put 06/01/30)<br>| 5.00<br> %<br>| 01/01/54 | 529992 |
|  |  |  |  | 2632926 |
|  | **Arizona – 1.9%** |  |  |  |
| 460000 | AZ St Hlth Facs Auth Var Banner Hlth Rmkt, Ser C (a) | 3.25<br> %<br>| 01/01/46 | 460000 |
| 350000 | AZ St Indl Dev Auth Edu Rev Acads of Math & Science Proj (b) | 4.00<br> %<br>| 07/01/29 | 350060 |
| 270000 | &nbsp;&nbsp; Phoenix AZ Indl Dev Auth Stdt Hsg Rev Downtown Phoenix Stdt <br> Hsg II LLC AZ St Univ Proj, Ser A <br>| 5.00<br> %<br>| 07/01/35 | 278392 |
|  |  |  |  | 1088452 |
|  | **Arkansas – 0.4%** |  |  |  |
| 250000 | &nbsp;&nbsp; AR Dev Fin Auth Envrnmntl Rev Sustainable Bond United States <br> Steel Corp Proj, AMT<br>| 5.45<br> %<br>| 09/01/52 | 250797 |
|  | **California – 7.5%** |  |  |  |
| 835000 | &nbsp;&nbsp; CA Cmnty Choice Fing Auth Clean Energy Proj Rev Sustainable <br> Bond, Ser B-1 (Mandatory put 08/01/31) <br>| 4.00<br> %<br>| 02/01/52 | 845556 |
| 250000 | &nbsp;&nbsp; CA St Muni Fin Auth Chrt Sch Rev Palmdale Aerospace Acdmy <br> Proj, Ser A (b)<br>| 5.00<br> %<br>| 07/01/38 | 250886 |
| 500000 | &nbsp;&nbsp; CA St Poll Control Fing Auth Wtr Furnishing Rev Plant Bonds, <br> AMT (b)<br>| 5.00<br> %<br>| 07/01/37 | 502021 |
| 250000 | &nbsp;&nbsp; CA St Poll Control Fing Auth Wtr Furnishing Rev Poseidon Res LP <br> Desalination Proj, AMT (b)<br>| 5.00<br> %<br>| 07/01/36 | 274110 |
| 1000000 | Kern CA Cmnty Clg Dist, Ser D | 5.25<br> %<br>| 08/01/40 | 1133827 |
| 25000 | &nbsp;&nbsp; Los Angeles CA Dept of Arpts Arpt Rev Prerefunded Subord Ref, <br> Ser D, AMT (Pre-refunded maturity 11/15/31) <br>| 5.00<br> %<br>| 05/15/33 | 27763 |
| 250000 | &nbsp;&nbsp; Los Angeles CA Dept of Arpts Arpt Rev Sub Los Angeles Intl Arpt, <br> Ser A, AMT<br>| 5.25<br> %<br>| 05/15/48 | 252955 |
| 500000 | &nbsp;&nbsp; Los Angeles CA Dept of Arpts Arpt Rev Unrefunded Subord Ref, <br> Ser D, AMT<br>| 5.00<br> %<br>| 05/15/31 | 558108 |
| 500000 | &nbsp;&nbsp; San Francisco CA City & Cnty Arpts Commn Intl Arpt Rev, Ser A, <br> AMT<br>| 5.00<br> %<br>| 05/01/49 | 504247 |
|  |  |  |  | 4349473 |
|  | **Colorado – 3.9%** |  |  |  |
| 650000 | &nbsp;&nbsp; Adams & Arapahoe Cntys CO Jt Sch Dist #28J Aurora, COPS, <br> BAM<br>| 5.25<br> %<br>| 12/01/43 | 712166 |
| 900000 | Denver City & Cnty CO Arpt Rev Ref, Ser D, AMT | 5.50<br> %<br>| 11/15/33 | 1042281 |
| 500000 | Thompson Crossing Met Dist #4 CO Ref | 5.00<br> %<br>| 12/01/39 | 503679 |
|  |  |  |  | 2258126 |
|  | **District of Columbia – 1.2%** |  |  |  |
| 650000 | Met WA DC Arpts Auth Arpt Sys Rev Ref, Ser A, AMT | 5.25<br> %<br>| 10/01/40 | 708568 |
|  | **Florida – 9.8%** |  |  |  |
| 400000 | Beach Cmnty Dev Dist FL Capital Impt Rev Ref, AG | 5.25<br> %<br>| 05/01/44 | 417672 |
| 500000 | Berry Bay II CDD FL Spl Assmnt Proj, Ser 2024 | 5.20<br> %<br>| 05/01/44 | 502048 |
| 320000 | Broward Cnty FL Port Facs Rev, AMT | 5.00<br> %<br>| 09/01/38 | 341750 |

---

------

**First Trust Managed Municipal Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Florida (Continued)** |  |  |  |
| $500000 | &nbsp;&nbsp; Charlotte Cnty FL Indl Dev Auth Util Sys Rev Town & Country <br> Utilities Proj, AMT<br>| 5.88<br> %<br>| 10/01/45 | $519919 |
| 500000 | &nbsp;&nbsp; FL Dev Fin Corp Hlthcarefacs Rev Tampa General Hosp Proj, <br> Ser A (c)<br>| 5.00<br> %<br>| 08/01/44 | 528770 |
| 500000 | Forest Lake Cmnty Dev Dist FL Spl Assmnt Area 1 Proj (b) | 4.00<br> %<br>| 05/01/40 | 487156 |
| 605000 | Jea FL Elec Sys Rev Ref, Ser Three A | 3.00<br> %<br>| 10/01/40 | 554462 |
| 1000000 | Lakewood Ranch FL Stewardship Dist Util Rev Sys Acq Proj, AG | 5.25<br> %<br>| 10/01/48 | 1046553 |
| 75000 | Palm Beach Cnty FL Hlth Facs Auth Acts Retmnt, Ser B | 5.00<br> %<br>| 11/15/42 | 77590 |
| 495000 | Sarasota Natl FL CDD Spl Assmnt Ref | 3.50<br> %<br>| 05/01/31 | 499641 |
| 400000 | &nbsp;&nbsp; Volusia Cnty FL Eductnl Fac Auth Ref Embry Riddle Aeronautical <br> Univ Inc Proj, Ser A<br>| 4.00<br> %<br>| 10/15/36 | 408386 |
| 300000 | Westview S CDD FL Spl Assmnt Area One 2023 Proj Area | 5.38<br> %<br>| 05/01/43 | 308727 |
|  |  |  |  | 5692674 |
|  | **Georgia – 3.1%** |  |  |  |
| 500000 | &nbsp;&nbsp; Fulton Cnty GA Rsdl Care Facs Elderly Auth Retmnt Fac Rev Ref <br> Lenbrook Sq Fdtn Inc<br>| 5.00<br> %<br>| 07/01/31 | 503139 |
| 740000 | Main Street Nat Gas Inc GA Gas Sply Rev, Ser A | 5.00<br> %<br>| 06/01/30 | 788909 |
| 500000 | &nbsp;&nbsp; Main Street Nat Gas Inc GA Gas Sply Rev, Ser A (Mandatory put <br> 12/01/29)<br>| 4.00<br> %<br>| 09/01/52 | 511152 |
|  |  |  |  | 1803200 |
|  | **Hawaii – 1.7%** |  |  |  |
| 500000 | HI St Arpts Sys Rev, Ser A, AMT | 5.00<br> %<br>| 07/01/43 | 509160 |
| 500000 | Honolulu City & Cnty HI Brd of Wtr Sply Wtr Sys Rev, Ser A | 3.00<br> %<br>| 07/01/41 | 452181 |
|  |  |  |  | 961341 |
|  | **Idaho – 0.9%** |  |  |  |
| 505000 | ID St Hlth Facs Auth Rev Ref St Lukes Hlth Sys Proj, Ser A | 5.00<br> %<br>| 03/01/34 | 535586 |
|  | **Illinois – 1.4%** |  |  |  |
| 500000 | IL St  | 5.50<br> %<br>| 05/01/39 | 537682 |
| 250000 | IL St, Ser A | 5.50<br> %<br>| 03/01/47 | 262548 |
|  |  |  |  | 800230 |
|  | **Indiana – 3.7%** |  |  |  |
| 525000 | &nbsp;&nbsp; IN St Fin Auth Envrnmntl Rev Ref Var Duke Energy IN Inc Proj <br> Remk, Ser A-1, AMT (Mandatory put 06/01/32) <br>| 4.50<br> %<br>| 05/01/35 | 531700 |
| 500000 | IN St Fin Auth Stdt Hsg Rev Sr Stdt Hsg Proj, Ser A | 5.00<br> %<br>| 07/01/54 | 495957 |
| 370000 | &nbsp;&nbsp; Valparaiso IN Exempt Facs Rev Ref Pratt Paper LLC Proj, <br> AMT (b)<br>| 4.50<br> %<br>| 01/01/34 | 383850 |
| 700000 | &nbsp;&nbsp; Whiting IN Envrnmntl Facs Rev Ref BP Products N America Inc <br> Proj, Ser A, AMT (Mandatory put 06/05/26) <br>| 5.00<br> %<br>| 12/01/44 | 705317 |
|  |  |  |  | 2116824 |
|  | **Iowa – 1.0%** |  |  |  |
| 500000 | &nbsp;&nbsp; IA St Fin Auth Midwstrn Disaster Area Rev Ref IA Fertilizer <br> Company Proj (Mandatory put 12/01/42) (Pre-refunded maturity <br> 12/01/32) <br>| 5.00<br> %<br>| 12/01/50 | 581333 |
|  | **Kentucky – 3.4%** |  |  |  |
| 500000 | Boyle Cnty KY Eductnl Facs Rev Ref Centre Clg, Ser A | 5.25<br> %<br>| 06/01/43 | 524776 |
| 250000 | KY St Property & Bldgs Commn Revs Proj No. 128, Ser A | 5.50<br> %<br>| 11/01/42 | 282805 |
| 500000 | KY St Pub Energy Auth Gas Sply Rev Ref, Ser C | 5.00<br> %<br>| 05/01/36 | 542481 |

---

------

**First Trust Managed Municipal Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Kentucky (Continued)** |  |  |  |
| $550000 | &nbsp;&nbsp; Louisville & Jefferson Cnty KY Met Govt Hlth Sys Rev Ref <br> Norton Hlthcare Inc, Ser A <br>| 5.00<br> %<br>| 10/01/38 | $607518 |
|  |  |  |  | 1957580 |
|  | **Louisiana – 1.3%** |  |  |  |
| 490000 | &nbsp;&nbsp; LA St Loc Govt Envrnmntl Facs & Cmnty Dev Auth Rev Ref <br> Westlake Chemical Corp Proj Remk <br>| 3.50<br> %<br>| 11/01/32 | 490866 |
| 250000 | &nbsp;&nbsp; Saint John the Baptist Parish LA Rev Var Ref Marathon Oil Corp <br> Proj Remk, Subser 2017B-2 (Mandatory put 07/01/26) <br>| 2.38<br> %<br>| 06/01/37 | 249518 |
|  |  |  |  | 740384 |
|  | **Maine – 1.3%** |  |  |  |
| 700000 | &nbsp;&nbsp; MA St Fin Auth Sol Wst Disp Rev Casella Waste Sys Inc Proj <br> Remk, Ser R-3, AMT (b)<br>| 5.00<br> %<br>| 08/01/35 | 750182 |
|  | **Maryland – 1.8%** |  |  |  |
| 1000000 | &nbsp;&nbsp; MD St Econ Dev Corp Var Ref Constellation Energy Grp Proj <br> Remk, Ser B (Mandatory put 04/03/28) <br>| 4.10<br> %<br>| 10/01/36 | 1027472 |
|  | **Massachusetts – 0.7%** |  |  |  |
| 390000 | &nbsp;&nbsp; MA St Dev Fin Agy Rev Tufts Univ Stdt Hsg Proj Prg Medford <br> Properties Inc<br>| 5.25<br> %<br>| 06/01/41 | 435639 |
|  | **Missouri – 0.8%** |  |  |  |
| 500000 | &nbsp;&nbsp; Saint Louis Cnty MO Indl Dev Auth Sr Living Facs Ref Friendship <br> Vlg St. Louis<br>| 5.00<br> %<br>| 09/01/48 | 480925 |
|  | **New Hampshire – 1.3%** |  |  |  |
| 200000 | &nbsp;&nbsp; NH St Busn Fin Auth Wtr Fac Rev Pennichuck Wtr Wks Inc Proj, <br> Ser A, AMT<br>| 5.50<br> %<br>| 04/01/43 | 210660 |
| 500000 | &nbsp;&nbsp; NH St Hlth & Edu Facs Auth Rev Ref Dartmouth Hlth Oblig Grp <br> Issue<br>| 5.00<br> %<br>| 08/01/41 | 554376 |
|  |  |  |  | 765036 |
|  | **New Jersey – 2.1%** |  |  |  |
| 40000 | NJ St Hgr Edu Asst Auth Stdt Loan Rev, Ser 1A, AMT | 4.00<br> %<br>| 12/01/30 | 40034 |
| 565000 | &nbsp;&nbsp; NJ St Transprtn Trust Fund Auth Fun Auth Transprtn Prog Bonds, <br> Ser CC<br>| 5.25<br> %<br>| 06/15/41 | 625000 |
| 500000 | NJ St Transprtn Trust Fund Auth Ref Transprtn Sys Bonds, Ser A | 5.00<br> %<br>| 12/15/39 | 530922 |
|  |  |  |  | 1195956 |
|  | **New Mexico – 1.8%** |  |  |  |
| 500000 | &nbsp;&nbsp; NM St Muni Energy Acq Auth Gas Sply Ref (Mandatory put <br> 11/01/30)<br>| 5.00<br> %<br>| 06/01/54 | 533452 |
| 500000 | Winrock Town Ctr NM Tax Incr Dev Dist #1 Ref Sr Lien (b) | 4.25<br> %<br>| 05/01/40 | 482253 |
|  |  |  |  | 1015705 |
|  | **New York – 8.3%** |  |  |  |
| 500000 | &nbsp;&nbsp; Build NYC Res Corp NY Rev Sustainable Bond Kipp NYC Pub <br> Sch Facs Canal W Proj<br>| 5.25<br> %<br>| 07/01/52 | 500424 |
| 400000 | Long Beach NY, Ser B, BAM | 5.25<br> %<br>| 07/15/42 | 423658 |
| 540000 | &nbsp;&nbsp; New York City NY Muni Wtr Fin Auth Wtr & Swr Sys Rev <br> Adjustable 2nd Gen Resolution Fiscal 2014, Ser Aa-1 (a)<br>| 3.25<br> %<br>| 06/15/50 | 540000 |
| 125000 | New York City NY Transitional Fin Auth Rev Sub, Subser F-3 | 3.00<br> %<br>| 02/01/39 | 111810 |
| 250000 | &nbsp;&nbsp; New York City NY Transitional Fin Auth Rev Subord Fiscal 2026, <br> Ser A, Subser A-1<br>| 5.25<br> %<br>| 05/01/46 | 269812 |
| 500000 | NY NY, Ser B, Subser B-1 | 5.25<br> %<br>| 10/01/40 | 551569 |

---

------

**First Trust Managed Municipal Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **New York (Continued)** |  |  |  |
| $500000 | &nbsp;&nbsp; NY St Dorm Auth Rev Non St Supported Debt Orchard Park CCRC <br> Inc Obligated Grp<br>| 5.13<br> %<br>| 11/15/50 | $505463 |
| 750000 | Suffolk Regl Off Track Betting Corp NY Rev | 5.75<br> %<br>| 12/01/44 | 769671 |
| 1000000 | Yonkers NY, Ser F, BAM | 5.00<br> %<br>| 11/15/39 | 1110556 |
|  |  |  |  | 4782963 |
|  | **North Carolina – 0.7%** |  |  |  |
| 380000 | &nbsp;&nbsp; NC St Med Care Commn Retmnt Facs Rev The United Methodist <br> Retmnt Homes Proj, Ser A<br>| 5.00<br> %<br>| 10/01/39 | 401006 |
|  | **Ohio – 2.7%** |  |  |  |
| 500000 | &nbsp;&nbsp; Columbus OH Regl Arpt Auth Rev Ref John Glenn Columbus Intl <br> Arpt, Ser A, AMT<br>| 5.25<br> %<br>| 01/01/41 | 547981 |
| 500000 | Montgomery Cnty OH Hlth Care Facs Rev Ref Solvita Proj | 5.25<br> %<br>| 09/01/49 | 510979 |
| 500000 | OH St Air Quality Dev Auth Ref OH Vly Elec Corp Proj, Ser A | 3.25<br> %<br>| 09/01/29 | 500809 |
|  |  |  |  | 1559769 |
|  | **Oklahoma – 0.6%** |  |  |  |
| 300000 | &nbsp;&nbsp; Tulsa OK Muni Arpt Trust Trustees Ref American Airls Inc Proj, <br> AMT<br>| 6.25<br> %<br>| 12/01/40 | 337379 |
|  | **Oregon – 3.2%** |  |  |  |
| 270000 | OR St Dept of Transprtn Hwy User Tax Rev Subord Lien, Ser A | 5.00<br> %<br>| 11/15/39 | 290708 |
| 955000 | Port of Portland OR Arpt Rev, Ser Twenty Seven A, AMT | 5.00<br> %<br>| 07/01/30 | 1046356 |
| 500000 | Union Cnty OR Hosp Fac Auth Grande Ronde Hosp | 5.00<br> %<br>| 07/01/41 | 512900 |
|  |  |  |  | 1849964 |
|  | **Pennsylvania – 7.2%** |  |  |  |
| 500000 | &nbsp;&nbsp; Maxatawny Twp PA Muni Auth Rev Diakon Lutheran Social <br> Ministries Proj, Ser A<br>| 5.00<br> %<br>| 01/01/41 | 516755 |
| 700000 | &nbsp;&nbsp; Montgomery Cnty PA Indl Dev Auth Ref Acts Retmnt Life Cmntys <br> Inc Oblig Grp<br>| 5.00<br> %<br>| 11/15/36 | 708134 |
| 1000000 | &nbsp;&nbsp; PA St Econ Dev Fing Auth T/E Priv Activity Rev The Penndot <br> Major Bridges Package One Proj P3 Proj, AMT <br>| 5.50<br> %<br>| 06/30/37 | 1112997 |
| 500000 | &nbsp;&nbsp; PA St Econ Dev Fing Auth UPMC Rev Ref UPMC Obligated Grp, <br> Ser B<br>| 5.00<br> %<br>| 03/15/41 | 540553 |
| 750000 | PA St Turnpike Commn Turnpike Rev Ref, Ser B | 5.00<br> %<br>| 12/01/39 | 834159 |
| 450000 | Philadelphia PA, Ser A | 4.00<br> %<br>| 05/01/41 | 450008 |
|  |  |  |  | 4162606 |
|  | **Puerto Rico – 1.4%** |  |  |  |
| 750000 | Puerto Rico Cmwlth Restructured, Ser A1 | 4.00<br> %<br>| 07/01/33 | 758518 |
| 77000 | &nbsp;&nbsp; Puerto Rico Sales Tax Fing Corp Sales Tax Rev Restructured, <br> Ser A-1<br>| 4.50<br> %<br>| 07/01/34 | 77012 |
|  |  |  |  | 835530 |
|  | **South Carolina – 3.7%** |  |  |  |
| 350000 | &nbsp;&nbsp; SC St Jobs Econ Dev Auth Hlthcare Rev Beaufort Memorial <br> Hosp & S of Broad Hlthcare Proj <br>| 5.00<br> %<br>| 11/15/34 | 380816 |
| 350000 | &nbsp;&nbsp; SC St Jobs Econ Dev Auth Hosp Facs Rev Ref Bon Secours Mercy <br> Hlth Inc, Ser A<br>| 5.25<br> %<br>| 11/01/42 | 389576 |
| 545000 | SC St Pub Svc Auth Rev Ref Santee Cooper, Ser C, AG | 5.50<br> %<br>| 12/01/40 | 608895 |
| 750000 | SC St Pub Svc Auth Rev, Ser A | 5.00<br> %<br>| 12/01/45 | 790479 |
|  |  |  |  | 2169766 |

---

------

**First Trust Managed Municipal Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal**<br> **Value**<br>| **Description** | **Stated**<br> **Coupon**<br>| **Stated**<br> **Maturity**<br>| **Value** |
| **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** | **MUNICIPAL BONDS (Continued)** |
|  | **Tennessee – 0.9%** |  |  |  |
| $500000 | Met Nashville TN Arpt Auth Arpt Rev, Ser B, AMT | 5.50<br> %<br>| 07/01/41 | $550615 |
|  | **Texas – 5.8%** |  |  |  |
| 300000 | Canton TX Indep Sch Dist | 5.25<br> %<br>| 02/15/42 | 335216 |
| 400000 | Centrl TX Regl Mobility Auth Rev, Ser B | 5.00<br> %<br>| 01/01/39 | 430205 |
| 500000 | &nbsp;&nbsp; Newark Hgr Edu Fin Corp TX Edu Rev Hughen Ctr Inc Proj, <br> Ser A<br>| 5.00<br> %<br>| 08/15/37 | 550552 |
| 500000 | &nbsp;&nbsp; Princeton TX Spl Assmnt Rev Winchester Pub Impr Dist #2 <br> Proj (b)<br>| 5.13<br> %<br>| 09/01/42 | 507689 |
| 750000 | &nbsp;&nbsp; Tarrant Cnty TX Cultural Edu Facs Fin Corp Hosp Rev Var Baylor <br> Scott and White Hlth Proj, Ser F (Mandatory put 11/15/30) <br>| 5.00<br> %<br>| 11/15/52 | 820239 |
| 390000 | Trophy Club TX Pub Impt Dist #1 Spl Assmnt Rev Ref | 5.00<br> %<br>| 09/01/32 | 421939 |
| 245000 | TX St Wtr Dev Brd St Revolving Fund | 5.00<br> %<br>| 08/01/37 | 275194 |
|  |  |  |  | 3341034 |
|  | **Utah – 2.0%** |  |  |  |
| 500000 | &nbsp;&nbsp; Fields Estates Pub Infra Dist UT Spl Assmnt Fields Estates Assmnt <br> Area, Ser A-2 (b)<br>| 5.25<br> %<br>| 12/01/53 | 486281 |
| 685000 | Midas Mountain Veterans Prog Pub Infra Dist (b) | 5.20<br> %<br>| 06/01/54 | 674266 |
|  |  |  |  | 1160547 |
|  | **Virginia – 2.7%** |  |  |  |
| 425000 | Salem VA Econ Dev Auth Eductnl Facs Rev Roanoke Clg | 6.00<br> %<br>| 04/01/50 | 445198 |
| 625000 | VA St Cmwlth Transprtn Brd Transprtn Rev | 3.00<br> %<br>| 05/15/41 | 551644 |
| 500000 | &nbsp;&nbsp; VA St Small Busn Fing Auth Hlthcare Facs Rev Ref Mary <br> Washington Hlthcare Obligated Grp, Ser A-1 <br>| 5.00<br> %<br>| 06/15/38 | 561290 |
|  |  |  |  | 1558132 |
|  | **Wisconsin – 2.3%** |  |  |  |
| 400000 | &nbsp;&nbsp; Pub Fin Auth WI Edu Rev Ref Pinecrest Acdmy NV Sloan Canyon <br> Cmps Proj, Ser A (b)<br>| 4.50<br> %<br>| 07/15/49 | 353720 |
| 375000 | &nbsp;&nbsp; Pub Fin Auth WI Stdt Hsg Rev Sr KSU Bixby Real Estate Fdtn <br> LLC Proj, Ser A<br>| 5.00<br> %<br>| 06/15/39 | 403258 |
| 500000 | &nbsp;&nbsp; WI St Hlth & Eductnl Facs Auth Rev Bellin Memorial Hosp Inc, <br> Ser A<br>| 5.00<br> %<br>| 12/01/38 | 553769 |
|  |  |  |  | 1310747 |
|  | **Wyoming – 1.9%** |  |  |  |
| 1000000 | &nbsp;&nbsp; Consol Muni Elec Pwr Sys WY Jt Pwrs Brd Sys Jt Pwrs Brd Ref <br> Electrical Sys Proj<br>| 5.25<br> %<br>| 06/01/40 | 1108567 |

---

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

---

| | |
|:---|:---|
| **Total Investments – 98.9%** | 57277034 |
| (Cost $55,394,040)  |  |
| **Net Other Assets and Liabilities – 1.1%** | 648747 |
| **Net Assets – 100.0%** | $57925781 |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Position** | **Number of**<br> **Contracts**<br>| **Expiration**<br> **Date**<br>| **Notional**<br> **Value**<br>| **Unrealized**<br> **Appreciation**<br> **(Depreciation)/**<br> **Value**<br>|
| Ultra 10-Year U.S. Treasury Notes | Short | 4 | Mar 2026 | $456625 | $(1562) |

---

------

**First Trust Managed Municipal Fund** 

**Portfolio of Investments (Continued)**

**January 31, 2026 (Unaudited)**

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Variable Rate Demand bond. Interest rate is reset periodically by the agent based
 on current market conditions.

&nbsp;&nbsp;&nbsp;&nbsp;(b) This security, sold within the terms of a private placement memorandum, is exempt
 from registration upon resale under Rule 144A of the Securities Act of 1933, as amended, and may be resold in transactions
 exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Trust's Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. Although market instability can result in
 periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions,
 which require subjective judgment. At January 31, 2026, securities noted as such amounted to $5,502,474 or 9.5% of net
 assets.

&nbsp;&nbsp;&nbsp;&nbsp;(c) When-issued security. The interest rate shown reflects the rate in effect at January
 31, 2026. Interest will begin accruing on the security's first settlement date.

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

---

| | |
|:---|:---|
| Abbreviations throughout the Portfolio of Investments: | Abbreviations throughout the Portfolio of Investments: |
| AG | – Assured Guaranty, Inc.  |
| AMT | – Alternative Minimum Tax |
| BAM | – Build America Mutual |
| COPS | – Certificates of Participation |

---

------

**Valuation Inputs**

The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

A summary of the inputs used to value the Fund's investments as of January 31, 2026 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total**<br> **Value at**<br> **1/31/2026**<br>| &nbsp;&nbsp;&nbsp; **Level 1**<br> **Quoted**<br> **Prices**<br>| &nbsp;&nbsp;&nbsp; **Level 2**<br> **Significant**<br> **Observable**<br> **Inputs**<br>| &nbsp;&nbsp;&nbsp; **Level 3**<br> **Significant**<br> **Unobservable**<br> **Inputs**<br>|
| Municipal Bonds\* | &nbsp;&nbsp; $57277034 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $57277034 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total**<br> **Value at**<br> **1/31/2026**<br>| &nbsp;&nbsp;&nbsp; **Level 1**<br> **Quoted**<br> **Prices**<br>| &nbsp;&nbsp;&nbsp; **Level 2**<br> **Significant**<br> **Observable**<br> **Inputs**<br>| &nbsp;&nbsp;&nbsp; **Level 3**<br> **Significant**<br> **Unobservable**<br> **Inputs**<br>|
| Futures Contracts | &nbsp;&nbsp; $(1562)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(1562)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— |

---

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

\* See Portfolio of Investments for state and territory breakout.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Series Fund

- **b. Investment Company Act file number:** 811-22452

- **c. CIK number of Registrant:** 0001497778

- **d. LEI of Registrant:** 549300RL1B5O4HI4N885

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

  - **Street Address 1:** 120 East Liberty Drive

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust Managed Municipal Fund

- **b. EDGAR series identifier (if any):** S000074778

- **c. LEI of Series:** 549300B8TD0GNZDKG002

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-30

**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:** $58983241.56

**Total Liabilities:** $816594.12

**Net Assets:** $58166647.44

**Delayed Delivery Securities:** $527790.00

**Cash Not Reported:** $999904.33

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 52.21616000 | **1-Year:** 1360.01961000 | **5-Year:** 14172.12855000 | **10-Year:** 19769.87084000 | **30-Year:** 138.92726000

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

- **3-Month:** 0.00000000 | **1-Year:** 71.96748000 | **5-Year:** 796.37800000 | **10-Year:** 1156.42031000 | **30-Year:** 22.87382000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000232961 | 0.40%                | 0.16%                | 0.94%                |
| Class ID C000232962 | 0.38%                | 0.14%                | 0.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17870.24                | $43551.31                                  |
| Month 2  | $321.44                  | $-96852.00                                 |
| Month 3  | $0.00                    | $353981.94                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US 10YR ULTRA                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -4 | NC      | $-1572.76     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112996.90   | 1.91%             | 2037-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A              | South Carolina Public Service Authority                                          | CUSIP: 837151R27<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    545000 | PA      | $608895.42    | 1.05%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                             | City of Philadelphia PA                                                          | CUSIP: 717813ZC6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    450000 | PA      | $450007.74    | 0.77%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IN EXEMPT FACS REVE              | City of Valparaiso IN                                                            | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $383850.36    | 0.66%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HOMEWOOD AL EDUCTNL BLDG AUTH               | Homewood Educational Building Authority                                          | CUSIP: 437887HW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $373404.60    | 0.64%             | 2044-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HLTH & EDU FA              | New Hampshire Health and Education Facilities Authority Act                      | CUSIP: 64461XLZ6<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    500000 | PA      | $554376.35    | 0.95%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALEM VA ECON DEV AUTH EDUCTNL              | Salem Economic Development Authority                                             | CUSIP: 794565BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $445197.57    | 0.77%             | 2050-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                         | CUSIP: 04052BKJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350060.31    | 0.60%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH STUDE              | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 71885DDZ2<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    270000 | PA      | $278391.55    | 0.48%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MUNI ENERGY ACQU              | New Mexico Municipal Energy Acquisition Authority                                | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533452.10    | 0.92%             | 2054-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A              | St Louis County Industrial Development Authority                                 | CUSIP: 791524CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $480925.35    | 0.83%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                       | CUSIP: 544445ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252954.93    | 0.43%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN              | California Pollution Control Financing Authority                                 | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502021.50    | 0.86%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TROPHY CLUB TX PUBLIC IMPT DIS              | Town of Trophy Club TX Public Improvement District No 1                          | CUSIP: 89706PAX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $421938.89    | 0.73%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEACH CMNTY DEV DIST FL CAPITA              | Beach Community Development District                                             | CUSIP: 07332WAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $417672.00    | 0.72%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL               | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971WH52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $111810.16    | 0.19%             | 2039-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225GE0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    750000 | PA      | $834158.55    | 1.43%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                       | CUSIP: 544445R68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558107.75    | 0.96%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL               | Indiana Finance Authority                                                        | CUSIP: 455054BG0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    525000 | PA      | $531699.68    | 0.91%             | 2035-05-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CMWLTH TRANSPRTN B              | Virginia Commonwealth Transportation Board                                       | CUSIP: 927793ZU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $551644.13    | 0.95%             | 2041-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN              | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080SS1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40033.90     | 0.07%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    750000 | PA      | $758517.83    | 1.30%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A              | South Carolina Public Service Authority                                          | CUSIP: 8371515Q8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $790478.85    | 1.36%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527287.85    | 0.91%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV              | Columbus Regional Airport Authority                                              | CUSIP: 199546CX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547980.50    | 0.94%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS CO JT S              | Adams & Arapahoe Counties Joint School District 28J Aurora                       | CUSIP: 005484DA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $712165.61    | 1.22%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                | Ohio Air Quality Development Authority                                           | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500809.35    | 0.86%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WESTVIEW SOUTH CDD FL SPL ASSM              | Westview South Community Development District                                    | CUSIP: 961566AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308727.21    | 0.53%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| YONKERS NY                                  | City of Yonkers NY                                                               | CUSIP: 986082W43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110556.40   | 1.91%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP              | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190QW5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $550615.50    | 0.95%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SARASOTA NATIONAL FL CDD SPL A              | Sarasota National Community Development District                                 | CUSIP: 80342PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $499641.22    | 0.86%             | 2031-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                 | State of Hawaii Airports System Revenue                                          | CUSIP: 419794A44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509160.15    | 0.88%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONSOL MUNI ELEC PWR SYS WY JT              | Consolidated Municipalities Electric Power Systems Joint Powers Board            | CUSIP: 210295EX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108566.90   | 1.91%             | 2040-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH               | Parish of St John the Baptist LA                                                 | CUSIP: 79020FBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249518.63    | 0.43%             | 2037-06-01      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| JEA FL ELEC SYS REVENUE                     | JEA Electric System Revenue                                                      | CUSIP: 46613SQP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $554462.35    | 0.95%             | 2040-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU              | Montgomery County Industrial Development Authority/PA                            | CUSIP: 61360PCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $708134.42    | 1.22%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                         | CUSIP: 74442EMF4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $353720.36    | 0.61%             | 2049-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LONG BEACH NY                               | City of Long Beach NY                                                            | CUSIP: 542519ES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $423658.32    | 0.73%             | 2042-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU              | City of Princeton TX                                                             | CUSIP: 742400BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507688.95    | 0.87%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING              | Suffolk Regional Off-Track Betting Corp                                          | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $769670.70    | 1.32%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OREGON ST DEPT OF TRANSPRTN HI              | State of Oregon Department of Transportation                                     | CUSIP: 68607DUU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $290707.65    | 0.50%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A              | Palm Beach County Health Facilities Authority                                    | CUSIP: 69650MAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77589.64     | 0.13%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK MUNI ARPT TRUST TRUST              | Tulsa Municipal Airport Trust Trustees/OK                                        | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $337378.56    | 0.58%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF              | Honolulu City & County Board of Water Supply                                     | CUSIP: 438689MS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $452180.40    | 0.78%             | 2041-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CCE6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    565000 | PA      | $625000.06    | 1.07%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WINROCK TOWN CENTER NM TAX INC              | Winrock Town Center Tax Increment Development District No 1                      | CUSIP: 97535RAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $482253.35    | 0.83%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MAXATAWNY TWP PA MUNI AUTH REV              | Maxatawny Township Municipal Authority                                           | CUSIP: 57778PAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516755.30    | 0.89%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEM0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    740000 | PA      | $788909.04    | 1.36%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAH0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    350000 | PA      | $380815.51    | 0.65%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                        | Texas Water Development Board                                                    | CUSIP: 8828547W6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $275194.58    | 0.47%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST BUSINESS FIN               | New Hampshire Business Finance Authority                                         | CUSIP: 644684GH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210659.54    | 0.36%             | 2043-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BERRY BAY II CDD FL SPL ASSMNT              | Berry Bay II Community Development District                                      | CUSIP: 08577DAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502047.70    | 0.86%             | 2044-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY              | Louisville/Jefferson County Metropolitan Government                              | CUSIP: 54659LCW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $607518.29    | 1.04%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDAS MOUNTAIN VETERANS PROGRA              | MIDA Mountain Veterans Program Public Infrastructure District                    | CUSIP: 59561SAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $674265.84    | 1.16%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL               | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JWH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269811.70    | 0.46%             | 2046-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F              | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638QSG5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    750000 | PA      | $820238.85    | 1.41%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY &CNTY AR              | San Francisco City & County Airport Comm-San Francisco International Airport     | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504246.80    | 0.87%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM              | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CDX7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    490000 | PA      | $490865.68    | 0.84%             | 2032-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                 | City of New York NY                                                              | CUSIP: 64966QK74<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $551568.95    | 0.95%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG              | Public Finance Authority                                                         | CUSIP: 74439YFR7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    375000 | PA      | $403258.28    | 0.69%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA              | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JGL1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    500000 | PA      | $553768.70    | 0.95%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                                | CUSIP: 452153DB2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262548.15    | 0.45%             | 2047-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOYLE CNTY KY EDUCTNL FACS REV              | County of Boyle KY                                                               | CUSIP: 10346PAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524775.60    | 0.90%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COOPE              | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    500000 | PA      | $529992.45    | 0.91%             | 2054-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN               | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GCM4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    540000 | PA      | $540000.00    | 0.93%             | 2050-06-15      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH SOL WST DISP              | Finance Authority of Maine                                                       | CUSIP: 56042CAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $750181.95    | 1.29%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    640000 | PA      | $676794.94    | 1.16%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182TB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $1042281.00   | 1.79%             | 2033-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE              | City of Whiting IN                                                               | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $705316.57    | 1.21%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM              | Arkansas Development Finance Authority                                           | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250797.50    | 0.43%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70870JHR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540552.80    | 0.93%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV              | Build NYC Resource Corp                                                          | CUSIP: 12008ETX4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500423.65    | 0.86%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST HLTH FACS AUTH                   | Arizona Health Facilities Authority                                              | CUSIP: 040507QB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $460000.00    | 0.79%             | 2046-01-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647LY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $708568.25    | 1.22%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                           | CUSIP: 65820YSV9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    380000 | PA      | $401006.36    | 0.69%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83703EMW2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    350000 | PA      | $389576.25    | 0.67%             | 2042-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDUCTNL FAC AU              | Volusia County Educational Facility Authority                                    | CUSIP: 928836MZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $408386.36    | 0.70%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R              | Central Texas Regional Mobility Authority                                        | CUSIP: 155498LT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $430204.72    | 0.74%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU              | Idaho Health Facilities Authority                                                | CUSIP: 451295ZT9<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    505000 | PA      | $535585.68    | 0.92%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C              | Kentucky State Property & Building Commission                                    | CUSIP: 49151FY87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $282804.83    | 0.49%             | 2042-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CANTON TX INDEP SCH DIST                    | Canton Independent School District/TX                                            | CUSIP: 138555RD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $335216.19    | 0.58%             | 2042-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KERN CA CMNTY CLG DIST                      | Kern Community College District                                                  | CUSIP: 492244GS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1133826.70   | 1.95%             | 2040-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     77000 | PA      | $77012.12     | 0.13%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R              | Massachusetts Development Finance Agency                                         | CUSIP: 57585BMP0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    390000 | PA      | $435638.97    | 0.75%             | 2041-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN              | Virginia Small Business Financing Authority                                      | CUSIP: 928105CE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $561290.50    | 0.96%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT FACS REVE              | County of Broward FL Port Facilities Revenue                                     | CUSIP: 11506KGV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $341749.92    | 0.59%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP                   | Maryland Economic Development Corp                                               | CUSIP: 574205GR5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027471.60   | 1.77%             | 2036-10-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA RSDL CARE FACS               | Fulton County Residential Care Facilities for the Elderly Authority              | CUSIP: 360059AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503139.40    | 0.86%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                       | CUSIP: 544445P94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27763.34     | 0.05%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE PUBLIC EDUCTNL BL              | Jacksonville Public Educational Building Authority                               | CUSIP: 469480BT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525446.60    | 0.90%             | 2044-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN              | California Pollution Control Financing Authority                                 | CUSIP: 13054WBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $274109.78    | 0.47%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH STUDENT HS              | Indiana Finance Authority                                                        | CUSIP: 45471FAX9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495956.95    | 0.85%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                                | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $537682.00    | 0.92%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE CMNTY DEV DIST FL               | Forest Lake Community Development District                                       | CUSIP: 34585PAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487155.40    | 0.84%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE CNTY FL INDL DEV AUT              | Charlotte County Industrial Development Authority/FL                             | CUSIP: 16080TAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519919.35    | 0.89%             | 2045-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FIELDS ESTATES PUBLIC INFRASTR              | Fields Estates Public Infrastructure District                                    | CUSIP: 31657CAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $486281.25    | 0.84%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HLTH CARE F              | County of Montgomery OH                                                          | CUSIP: 613518DH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510979.25    | 0.88%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511151.65    | 0.88%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA              | Iowa Finance Authority                                                           | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    500000 | PA      | $581332.90    | 1.00%             | 2050-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District Utility Revenue                              | CUSIP: 51265LAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046553.10   | 1.80%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNION CNTY OR HOSP FAC AUTH                 | Union County Hospital Facility Authority                                         | CUSIP: 906420CF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512900.10    | 0.88%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWARK HGR EDU FIN CORP TX EDU              | Newark Higher Education Finance Corp                                             | CUSIP: 650346FN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550551.65    | 0.95%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THOMPSON CROSSING MET DIST #4               | Thompson Crossing Metropolitan District No 4                                     | CUSIP: 88477EAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503679.10    | 0.87%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH              | California Municipal Finance Authority                                           | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250885.68    | 0.43%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN              | Port of Portland OR Airport Revenue                                              | CUSIP: 735240W58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $1046355.87   | 1.80%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    835000 | PA      | $845556.65    | 1.45%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461366M8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530921.60    | 0.91%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES              | New York State Dormitory Authority                                               | CUSIP: 64985SNP4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505463.15    | 0.87%             | 2050-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF              | Florida Development Finance Corp                                                 | CUSIP: 34061QDR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $528769.50    | 0.91%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH              | Kentucky Public Energy Authority                                                 | CUSIP: 74440DGL2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $542481.25    | 0.93%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

**Name of Applicant:** First Trust Series Fund

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer