# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0000940400-26-015198
**Filing Date:** 2026-4
**Character Count:** 92850
**Document Hash:** 5241edbe62ebfb75ca0826ca128fdf64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-015198.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000940400-26-015198

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs ETF Trust
- **CENTRAL INDEX KEY:** 0001479026

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23013
- **FILM NUMBER:** 26905713

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** (312) 655-4400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198

## Series and Classes Contracts Data

### Goldman Sachs Ultra Short Municipal Income ETF (Series ID: S000085808)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000251203 | Goldman Sachs Ultra Short Municipal Income ETF | GUMI            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Goldman Sachs ETF Trust

- **b. Investment Company Act file number:** 811-23013

- **c. CIK number of Registrant:** 0001479026

- **d. LEI of Registrant:** 549300VEZF7K2ES5WL82

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

  - **Street Address 1:** 200 West Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10282

  - **Telephone number:** 312-655-4400

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

- **a. Name of Series:** Goldman Sachs Ultra Short Municipal Income ETF

- **b. EDGAR series identifier (if any):** S000085808

- **c. LEI of Series:** 9845007D7FAFEAB3FE70

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

- **a. Date of fiscal year-end:** 2026-08-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $29547375.58

**Total Liabilities:** $544617.56

**Net Assets:** $29002758.02

**Cash Not Reported:** $145034.62

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 571.35000000 | **1-Year:** 887.97000000 | **5-Year:** 79.89000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 54.75000000 | **1-Year:** 5.04000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251203 | 0.26%                | 0.36%                | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.05                    | $4730.43                                   |
| Month 2  | $0.00                    | $30660.10                                  |
| Month 3  | $561.28                  | $7936.06                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MARICOPA CNTY ARIZ INDL DEV AUTH                            | AZ MARDEV 5 01/01/2027                                    | CUSIP: 56682HBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $81798.77     | 0.28%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FLA SCH BRD                                    | FL BROEDU 5 07/01/2027                                    | CUSIP: 115065ZH0<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45370.18     | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                                     | OH OHS 5 05/01/2026                                       | CUSIP: 677522B78<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    165000 | PA      | $165788.12    | 0.57%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY KY GEN RCPTS                                     | KY UKYHGR 4 10/01/2027                                    | CUSIP: 914378LZ5<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120177.11    | 0.41%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV SCH DIST                                     | NV CLASCD 5 06/15/2026                                    | CUSIP: 181059TC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35075.52     | 0.12%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH FLA WTR MGMT DIST                                     | FL SFLCTF 5 10/01/2026                                    | CUSIP: 83786PCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10021.41     | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON CNTY TENN                     | MET GOVT NASHVILLE & DAVIDSON CNTY TENN COML PAPER IAM 48 | CUSIP: 59085UBZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600019.38    | 2.07%             | 2026-03-05      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUTH                             | PA ALLMED 5 04/01/2026                                    | CUSIP: 01728A3L8<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35062.37     | 0.12%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH                                | NJ NJSDEV 4.25 06/15/2026                                 | CUSIP: 64577BKK9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120091.31    | 0.41%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SIOUX FALLS S D                                             | SD SIOGEN 3 11/15/2026                                    | CUSIP: 829594JR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50023.91     | 0.17%             | 2026-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO (TX), CITY OF                                   | TX SANUTL 5 02/01/2027                                    | CUSIP: 79625GAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102632.81    | 0.35%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KALAMAZOO MICH HOSP FIN AUTH                                | MI KALMED 5 05/15/2027                                    | CUSIP: 483233RC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50264.84     | 0.17%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY KY SCH DIST FIN CORP                           | KY FAYEDU 3 05/01/2027                                    | CUSIP: 312432C54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125044.38    | 0.43%             | 2027-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF PUB FACS FING AUTH                          | CA SDOUTL 4 05/15/2026                                    | CUSIP: 79730AJC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20030.86     | 0.07%             | 2026-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                | NY NYC 10/01/2046                                         | CUSIP: 64966MSD2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    170000 | PA      | $170000.00    | 0.59%             | 2046-10-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA                                            | FL JACTRN 5 10/01/2026                                    | CUSIP: 469495DF9<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35075.97     | 0.12%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA ECONOMIC DEV AUTH                           | VA FAIDEV 12/01/2033                                      | CUSIP: 30382ECZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.34%             | 2033-12-01      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH                             | WV WVSDEV 11/01/2065                                      | CUSIP: 95648VBZ1<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.72%             | 2065-11-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY (DC)         | DC DCTTRN 5 07/15/2026                                    | CUSIP: 93878YCW7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    180000 | PA      | $181890.83    | 0.63%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX FLOOD CTL DIST                              | TX HARWTR 5 10/01/2026                                    | CUSIP: 4140187N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30500.81     | 0.11%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA                                         | FL MIAUTL 5 10/01/2027                                    | CUSIP: 59334DQR8<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104580.69    | 0.36%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FLA SCH BRD                                      | FL PASEDU 5 10/01/2026                                    | CUSIP: 70253QAX7<br>LEI: 549300NYEDMC7IDJPE68 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81232.85     | 0.28%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HEALTH & EDL BLDG CORP                      | RI RISMED 5 05/15/2026                                    | CUSIP: 762244EP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201125.80    | 0.69%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH                         | PA PASDEV 08/01/2038                                      | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401284.04    | 1.38%             | 2038-08-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| PARKER CNTY TEX                                             | TX PKR 4 02/15/2027                                       | CUSIP: 701060GZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45048.33     | 0.16%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST                                                  | AL ALS 3 08/01/2026                                       | CUSIP: 010411AK2<br>LEI: 549300TKZX0YNENZC895 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140050.02    | 0.48%             | 2026-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                                         | IL TENGEN 02/15/2053                                      | CUSIP: 74448XAK8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    275000 | PA      | $275000.00    | 0.95%             | 2053-02-15      | Floating      | 1.85%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY WASH                                             | WA UWAHGR 5 04/01/2026                                    | CUSIP: 91523NXY7<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120272.05    | 0.41%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK                                          | MS MSSDEV 5 08/01/2026                                    | CUSIP: 60534WBZ0<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80869.67     | 0.28%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH                         | WI WISMED 5 11/15/2026                                    | CUSIP: 97712DQF6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45213.93     | 0.16%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT HSG & CMNTY AFFAIRS                           | TX TXSSFH 3.2 01/01/2027                                  | CUSIP: 882750TD4<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    225000 | PA      | $226136.72    | 0.78%             | 2027-01-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| WARREN MICH                                                 | MI WAR 3 04/01/2028                                       | CUSIP: 9353246E8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151245.47    | 0.52%             | 2028-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                 | TX ELP 5 08/15/2027                                       | CUSIP: 283734A84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30356.84     | 0.10%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                 | IL ILS 5 03/01/2027                                       | CUSIP: 452153BC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    180000 | PA      | $184678.20    | 0.64%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH SUMTER CNTY UTIL DEPENDENT DIST FLA                   | FL NRSUTL 5 10/01/2026                                    | CUSIP: 66272RBS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70936.30     | 0.24%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                             | PA PHI 5 08/01/2026                                       | CUSIP: 717813TA7<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    105000 | PA      | $106202.65    | 0.37%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH                         | PA PASDEV 08/01/2045                                      | CUSIP: 708692BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265054.01    | 0.91%             | 2045-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV SCH DIST                                     | NV CLASCD 5 06/15/2026                                    | CUSIP: 181059TY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30064.73     | 0.10%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEALTH & EDL FACS AUTH                          | MO MOSMED 5 06/01/2027                                    | CUSIP: 60637AVK5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    155000 | PA      | $159529.01    | 0.55%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLADSTONE MO                                                | MO GLACTF 5 03/01/2026                                    | CUSIP: 376609HK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50000.00     | 0.17%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MUN PWR AGY NO 1                             | NC NCMPWR 5 01/01/2027                                    | CUSIP: 6582034K7<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85779.12     | 0.30%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FLA                                                | FL LEEGEN 5 10/01/2026                                    | CUSIP: 52349AAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76243.26     | 0.26%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF                                           | CA LOS 5 06/25/2026                                       | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    170000 | PA      | $171482.60    | 0.59%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                | NY MTATRN 5 11/15/2027                                    | CUSIP: 59261AWY9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    160000 | PA      | $167610.78    | 0.58%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX INDPT SCH DIST                                | TX ARLSCD 5 02/15/2027                                    | CUSIP: 0418264R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205549.84    | 0.71%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST BRD PUB BLDGS                                   | MO MOSFAC 5 10/01/2026                                    | CUSIP: 606341MC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $142214.59    | 0.49%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH                         | WI WISMED 5 11/15/2027                                    | CUSIP: 97712DQG4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30137.44     | 0.10%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA (FL)                                                    | FL JACPWR 3.12 10/01/2026                                 | CUSIP: 46613QKA1<br>LEI: FTZJK89L6NCYPIPKZN93 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100057.05    | 0.34%             | 2026-10-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY (UT), CITY OF                                | UT SALAPT 5 07/01/2026                                    | CUSIP: 795576GW1<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201696.76    | 0.70%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNT VERNON ILL                                            | IL MVN 4 12/15/2026                                       | CUSIP: 623385EX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126436.58    | 0.44%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                | NY NYC 5 08/01/2026                                       | CUSIP: 64966Q2D1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35421.31     | 0.12%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLING CNTY GA DEV AUTH                                    | GA APPPOL 01/01/2038                                      | CUSIP: 038315EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 1.03%             | 2038-01-01      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FLA                                            | FL BWCDEV 5 09/01/2027                                    | CUSIP: 115085AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104117.64    | 0.36%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TENN HEALTH EDL & HSG FAC BRD                   | TN CHAMED 05/01/2039                                      | CUSIP: 162410CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.34%             | 2039-05-01      | Variable      | 2.02%                 | No            |                  2 | On Loan: No      |
| WAUKESHA WIS SCH DIST                                       | WI WAUSCD 3 04/01/2027                                    | CUSIP: 943099FV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35020.71     | 0.12%             | 2027-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WAGONER CNTY OKLA INDPT SCH DIST NO 17 COWETA               | OK WAGSCD 4.5 09/01/2026                                  | CUSIP: 930546DU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35306.74     | 0.12%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA COMWLTH TRANSN BRD                                 | VA VASTRN 5 05/15/2026                                    | CUSIP: 927793X87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100583.51    | 0.35%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                                           | IL ILSGEN 5 08/15/2026                                    | CUSIP: 45204ENE4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70789.36     | 0.24%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN IND COMMUTER TRANSN DIST IND                       | IN NINTRN 5 07/01/2026                                    | CUSIP: 66528PBH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151352.66    | 0.52%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                                           | IL ILSGEN 5 02/15/2027                                    | CUSIP: 45204EET1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153660.02    | 0.53%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WICHITA KANS                                                | KS WIC 4 12/01/2026                                       | CUSIP: 967245QG9<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |    140000 | PA      | $141872.11    | 0.49%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH                                 | PA LANMED 5 08/15/2026                                    | CUSIP: 514045M67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $232729.39    | 0.80%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP ILL                           | IL STSGEN 5 01/01/2027                                    | CUSIP: 79467BCS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204496.92    | 0.71%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA                                         | FL MIA 5 07/01/2026                                       | CUSIP: 59333FF39<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40382.09     | 0.14%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV SCH DIST                                     | NV CLASCD 5 06/15/2026                                    | CUSIP: 181059UY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75604.00     | 0.26%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST CHARLES CNTY MO FRANCIS HOWELL SCH DIST                  | MO STSSCD 4 03/01/2026                                    | CUSIP: 7876426Q5<br>LEI: 549300N738JKL2CGSO59 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140000.00    | 0.48%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN                                     | MD MDSTRN 3 06/01/2026                                    | CUSIP: 574204A29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115033.93    | 0.40%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MACOMB CNTY MICH                                            | MI MAC 3.2 05/01/2027                                     | CUSIP: 554885L76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50023.86     | 0.17%             | 2027-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| LINCOLN NEB                                                 | LINCOLN NEB COML PAPER IAM 184                            | CUSIP: 53427THR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199998.00    | 0.69%             | 2026-04-09      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA REDEV AUTH                                  | PA PHIDEV 5 04/15/2026                                    | CUSIP: 717868JB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20066.11     | 0.07%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY (DC)             | DC METAPT 5 10/01/2026                                    | CUSIP: 592647JV4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    110000 | PA      | $111707.98    | 0.39%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTG FIN AGY                             | NJ NJSMFH 2.9 11/01/2027                                  | CUSIP: 6461087M6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    400000 | PA      | $401163.60    | 1.38%             | 2027-11-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| MECKLENBURG CNTY N C                                        | NC MEC 5 04/01/2026                                       | CUSIP: 584002VG1<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45104.98     | 0.16%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GENESEE CNTY N Y                                            | NY GEE 3 03/15/2026                                       | CUSIP: 371668TT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65018.37     | 0.22%             | 2026-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST TRANSN BRD                                       | AZ AZSTRN 5 07/01/2026                                    | CUSIP: 040654WV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10097.86     | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OLDHAM CNTY KY SCH DIST FIN CORP                            | KY OLDEDU 4 09/01/2026                                    | CUSIP: 680454YU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20156.88     | 0.07%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH                                         | IN INSGEN 5 03/01/2026                                    | CUSIP: 45506DXC4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50000.00     | 0.17%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT OSAGE MO REORG SCH DIST NO 1                           | MO FORSCD 4 04/01/2027                                    | CUSIP: 348199AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180094.97    | 0.62%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP                                        | FL FLSMFH 12/01/2026                                      | CUSIP: 34074HGY2<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130016.20    | 0.45%             | 2026-12-01      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HIGHER ED ASSISTANCE AUTH                     | NJ NJSHGR 12/01/2056                                      | CUSIP: 646080YZ8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301592.10    | 1.04%             | 2056-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEVADA IRR DIST JT PWRS AUTH CALIF                          | CA NEVWTR 5 03/01/2026                                    | CUSIP: 641322BL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155000.00    | 0.53%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                                                 | DE DES 5 03/01/2026                                       | CUSIP: 246381RJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     91000 | PA      | $91000.00     | 0.31%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHAMPAIGN COLES ET AL CNTYS ILL CMNTY COLLEGE DIST NO 505   | IL CHAHGR 5 12/01/2026                                    | CUSIP: 158168HA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $239309.20    | 0.83%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEDHAM MASS                                                 | MA DED 4 06/15/2027                                       | CUSIP: 243667N24<br>LEI: 549300T2RPE961NCRY75 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40056.64     | 0.14%             | 2027-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ASSN GOVERNMENTAL ORGANIZTAIONS              | SC SCSGEN 5 03/02/2026                                    | CUSIP: 836895FT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.43%             | 2026-03-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER AUTH TEX                                      | TX TRIGEN 4 02/01/2027                                    | CUSIP: 89657PGU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30035.26     | 0.10%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT (CT), STATE OF                                  | CT CTS 5 03/15/2027                                       | CUSIP: 20772KZT9<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41211.01     | 0.14%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDFORD ORE HOSP FACS AUTH                                  | OR MFDMED 5 08/15/2026                                    | CUSIP: 584283GJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80945.72     | 0.28%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAUKEE IOWA CMNTY SCH DIST                                  | IA WKESCD 5 06/01/2026                                    | CUSIP: 942833YA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90625.40     | 0.31%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST BRD GOVERNORS                                   | CO COSHGR 5 03/01/2026                                    | CUSIP: 196707MH3<br>LEI: 549300MAE3RAIIEIQV71 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.43%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                                           | IL ILSGEN 3 12/01/2027                                    | CUSIP: 45203HZ70<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    305000 | PA      | $305088.27    | 1.05%             | 2027-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHARLESTON CNTY S C SCH DIST                                | SC CHASCD 5 05/07/2026                                    | CUSIP: 160075B97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $236154.01    | 0.81%             | 2026-05-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH                         | PA PASMED 5 11/15/2026                                    | CUSIP: 70870JAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $81435.60     | 0.28%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT NECHES-GROVES TEX INDPT SCH DIST                       | TX PTNSCD 4 02/15/2028                                    | CUSIP: 73474MPM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165214.45    | 0.57%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA BRD REGENTS ARIZ ST UNIV                            | AZ AZSHGR 5 07/01/2027                                    | CUSIP: 04048RPZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70622.53     | 0.24%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                       | OT TENGEN 06/01/2032                                      | CUSIP: 88035TBK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.72%             | 2032-06-01      | Floating      | 2.18%                 | No            |                  2 | On Loan: No      |
| TEMPLE UNIV OF THE COMWLTH SYS OF HIGHER ED PA              | PA TUVHGR 5 04/01/2026                                    | CUSIP: 880178CH9<br>LEI: 549300SCHVPNNFRR3L71 | Long             | DBT              | MUN               | US        |     65000 | PA      | $65133.46     | 0.22%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON CNTY KANS PUB BLDG COMMN                            | KS JOHFAC 5 09/01/2026                                    | CUSIP: 478497E30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $141932.50    | 0.49%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST UNIV                                               | TX TXSHGR 5 03/15/2026                                    | CUSIP: 88278PUJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25038.79     | 0.09%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH TRANSIT AUTH                                           | UT UTSTRN 5.25 06/15/2027                                 | CUSIP: 917565ES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91987.88     | 0.32%             | 2027-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OHIO                                          | OH CUYCTF 5 12/01/2026                                    | CUSIP: 23225PAX3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101893.62    | 0.35%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH                                        | NEW YORK ST PWR AUTH COML PAPER IAM                       | CUSIP: 64989MM74<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |    275000 | PA      | $275008.25    | 0.95%             | 2026-03-05      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                | NY MTATRN 5 11/15/2026                                    | CUSIP: 59261ACE5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251250.25    | 0.87%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND CNTY OKLA EDL FACS AUTH                           | OK CLEEDU 4 06/01/2027                                    | CUSIP: 18604TEB0<br>LEI: 549300XEV4DVO42DUA84 | Long             | DBT              | MUN               | US        |    395000 | PA      | $403048.64    | 1.39%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP ILL                           | IL STSGEN 5 01/01/2027                                    | CUSIP: 79467BEC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127810.58    | 0.44%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TENN                                                | TN MEM 5 04/01/2026                                       | CUSIP: 586145F41<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75174.89     | 0.26%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MA)               | MA MASMED 12/01/2037                                      | CUSIP: 57586CV69<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.72%             | 2037-12-01      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FLA SCH BRD                                 | FL PALEDU 5 08/01/2027                                    | CUSIP: 696550L83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $114388.12    | 0.39%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEASTERN PA TRANSN AUTH PA                              | PA SEPTRN 5 06/01/2027                                    | CUSIP: 842039DU0<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |    115000 | PA      | $118704.86    | 0.41%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDINA MINN INDPT SCH DIST NO 273                            | MN EDISCD 3 02/01/2027                                    | CUSIP: 280659UD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100044.79    | 0.34%             | 2027-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TEMPLE UNIV OF THE COMWLTH SYS OF HIGHER ED PA              | PA TUVHGR 5 04/01/2027                                    | CUSIP: 880178CJ5<br>LEI: 549300SCHVPNNFRR3L71 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25701.95     | 0.09%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OHIO                                          | OH FRAGEN 12/01/2046                                      | CUSIP: 353202FK5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100021.51    | 0.34%             | 2046-12-01      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TEX                                     | TX LWCGEN 5 05/15/2026                                    | CUSIP: 54811BH79<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251433.00    | 0.87%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACS AUTH                                      | ID IDSMED 12/01/2048                                      | CUSIP: 45129UCB8<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100019.83    | 0.34%             | 2048-12-01      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX INDPT SCH DIST                                  | TX HOUSCD 5 02/15/2027                                    | CUSIP: 442403RE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30835.36     | 0.11%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NEB SCH DIST NO 1                              | NE DOUSCD 5 12/15/2026                                    | CUSIP: 259291MK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45099.05     | 0.16%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH                         | WI WISMED 04/01/2055                                      | CUSIP: 97712JNL3<br>LEI: 549300362G4YBPWA7864 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600000.00    | 2.07%             | 2055-04-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH                         | WI WISMED 5 12/15/2026                                    | CUSIP: 97712DJV9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    170000 | PA      | $170194.38    | 0.59%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA COMMONWEALTH UNIVERSITY HEALTH SYSTEM (VA)         | VA VASMED 5 07/01/2026                                    | CUSIP: 92778LBR0<br>LEI: 254900Q49RORYLCPJL40 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20171.01     | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY TENN HEALTH & EDL FACS BRD                    | TN FRAMED 4 09/01/2027                                    | CUSIP: 353325FD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305997.81    | 1.06%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX DOWNTOWN DEV CORP                               | TX ELPDEV 5 08/15/2027                                    | CUSIP: 283738AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70765.89     | 0.24%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WASH                                           | WA PTSGEN 5 05/01/2027                                    | CUSIP: 735389B56<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    180000 | PA      | $185059.55    | 0.64%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                     | CA CASPOL 07/01/2041                                      | CUSIP: 13048RAJ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    450000 | PA      | $450125.73    | 1.55%             | 2041-07-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WASH                                           | WA PTSGEN 5 04/01/2027                                    | CUSIP: 735389G51<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    285000 | PA      | $292447.08    | 1.01%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH MIAMI FLA HEALTH FACS AUTH                            | FL SMIMED 5 08/15/2027                                    | CUSIP: 838810DQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72643.96     | 0.25%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG & MTG FIN CORP                             | RI RISHSG 3.6 10/01/2027                                  | CUSIP: 76221SLX7<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140877.31    | 0.49%             | 2027-10-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DENVER (CO), CITY AND COUNTY OF                             | CO DENAPT 5 12/01/2026                                    | CUSIP: 249182KZ8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    260000 | PA      | $264864.99    | 0.91%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST HARRIS CNTY TEX REGL WTR AUTH                          | TX WHRWTR 5 12/15/2026                                    | CUSIP: 95308RJE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15025.16     | 0.05%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL MIDWAY ARPT                                     | IL CHIAPT 5 01/01/2027                                    | CUSIP: 167562SY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $132609.00    | 0.46%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORNING N Y CITY SCH DIST                                   | NY CRGSCD 4 06/18/2026                                    | CUSIP: 219417VD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     34000 | PA      | $34167.25     | 0.12%             | 2026-06-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX                                             | TX HAR 5 08/15/2027                                       | CUSIP: 414005WG9<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    105000 | PA      | $106248.94    | 0.37%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI HOSP EQUIP & FACS AUTH                          | MS MSSMED 5 10/01/2026                                    | CUSIP: 605360TN6<br>LEI: 549300DW2GVUIGE04396 | Long             | DBT              | MUN               | US        |     95000 | PA      | $96204.58     | 0.33%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY ARIZ INDL DEV AUTH                             | AZ YAVMED 5 08/01/2026                                    | CUSIP: 985900EM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116020.89    | 0.40%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FLA                                           | FL SARUTL 5 10/01/2026                                    | CUSIP: 803321NG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40088.05     | 0.14%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST UNIV & AGRIC & MECHANICAL COLLEGE              | LA LASHGR 5 07/01/2026                                    | CUSIP: 546540PR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75641.29     | 0.26%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE (FL), COUNTY OF                                  | FL MIATRN 5 10/01/2026                                    | CUSIP: 59333PS82<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |     70000 | PA      | $71058.36     | 0.25%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST                                                | LA LAS 5 09/01/2027                                       | CUSIP: 5464153T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50703.62     | 0.17%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST UNIV                                                | OH OHSHGR 12/01/2039                                      | CUSIP: 677632R52<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |    265000 | PA      | $265000.00    | 0.91%             | 2039-12-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH                                         | IN INSFIN 5 11/01/2026                                    | CUSIP: 45471APX4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    205000 | PA      | $208405.97    | 0.72%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO (OH), CITY OF                                        | OH TOLWTR 3 11/15/2026                                    | CUSIP: 889396NX1<br>LEI: 549300I365GIDPR4BM68 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225098.71    | 0.78%             | 2026-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                 | TX HOUUTL 5 11/15/2027                                    | CUSIP: 44244CCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35075.15     | 0.12%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                 | IL ILS 5 02/01/2027                                       | CUSIP: 452152G88<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255955.23    | 0.88%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH                                           | MI MISFIN 5 05/15/2026                                    | CUSIP: 59447TAL7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25047.66     | 0.09%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DYSART UNIFIED SCHOOL DISTRICT N.89 OF MARICOPA COUNTY (AR) | AZ MARSCD 4 07/01/2027                                    | CUSIP: 567423MS4<br>LEI: 549300BQUWR69ZZ87I66 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100635.63    | 0.35%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP ILL                           | IL STSGEN 3 01/01/2027                                    | CUSIP: 79467BEP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50224.35     | 0.17%             | 2027-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| METRO ORE                                                   | OR MTR 4 06/01/2026                                       | CUSIP: 59163PLV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5004.58      | 0.02%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH & EDL FACS AUTH                       | CT CTSMED 5 07/01/2026                                    | CUSIP: 20774Y3P0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35310.95     | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                               | WA WAS 5 08/01/2027                                       | CUSIP: 93974DY51<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    135000 | PA      | $140539.36    | 0.48%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FLA SCH BRD                                     | FL ORAEDU 5 08/01/2026                                    | CUSIP: 684517RF4<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |    175000 | PA      | $176931.55    | 0.61%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                                           | IL ILSGEN 5 04/01/2027                                    | CUSIP: 45204ES82<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    180000 | PA      | $184781.25    | 0.64%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YUMA ARIZ INDL DEV AUTH                                     | AZ YUMDEV 5 08/01/2026                                    | CUSIP: 988514CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $166745.65    | 0.57%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESSEX CNTY N J                                              | NJ ESS 3 09/01/2027                                       | CUSIP: 296804UC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50026.46     | 0.17%             | 2027-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MINN                                               | MN SUDMED 5 05/01/2026                                    | CUSIP: 78916VDK3<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85345.05     | 0.29%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT (CT), STATE OF                                  | CT CTS 5 09/15/2026                                       | CUSIP: 20772KDS5<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    120000 | PA      | $121876.12    | 0.42%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY ILL                                              | IL UNVHGR 5 04/01/2027                                    | CUSIP: 9143536R3<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    110000 | PA      | $113363.18    | 0.39%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FLA SCH BRD                                     | FL ORAEDU 5 08/01/2027                                    | CUSIP: 684517RG2<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |    180000 | PA      | $182007.86    | 0.63%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST UNIV                                             | AZ AZSHGR 5 07/01/2026                                    | CUSIP: 040664NA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65625.24     | 0.23%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST BLDG EXCELLENT SCHS TODAY                       | CO COSEDU 5 03/15/2026                                    | CUSIP: 19668QNZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50050.22     | 0.17%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LENOIR CITY TENN                                            | TN LENPWR 3 06/01/2026                                    | CUSIP: 526138LN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210249.69    | 0.72%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TULSA OKLA PUB FACS AUTH                                    | OK TULGEN 3 06/01/2026                                    | CUSIP: 899673CV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25008.56     | 0.09%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                               | NJ NJS 2 06/01/2027                                       | CUSIP: 646039YY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $174216.77    | 0.60%             | 2027-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SULLIVAN CNTY TENN                                          | TN SUL 5 05/01/2026                                       | CUSIP: 865287UT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110505.23    | 0.38%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDICAL CENTER BUILDING CORP MISS                           | MS MDCEDU 5 06/01/2026                                    | CUSIP: 584556EY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $276628.52    | 0.95%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACKROCK MUNIYIELD QUALITY FD INC                          | NY MQYGEN 02/01/2056                                      | CUSIP: 09254F886<br>LEI: TFKEE3VA3GBE5LOK5U77 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 1.03%             | 2056-02-01      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND THE (OR)                                   | OR PTPAPT 5 07/01/2026                                    | CUSIP: 735240Z89<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |     90000 | PA      | $90724.54     | 0.31%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINELLAS CNTY FLA SCH DIST                                  | FL PINSCD 4 06/30/2026                                    | CUSIP: 723204AX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $186016.74    | 0.64%             | 2026-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GARLAND (TX), CITY OF                                       | TX GARUTL 4 03/01/2028                                    | CUSIP: 366168QD7<br>LEI: 549300O5KXJ5HAWVEN53 | Long             | DBT              | MUN               | US        |    300000 | PA      | $309916.50    | 1.07%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                               | NY MONDEV 5 07/01/2026                                    | CUSIP: 61075TLW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15032.39     | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                       | NY NYSHGR 4 07/01/2026                                    | CUSIP: 64990GYH9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75334.10     | 0.26%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                                 | MD MDS 4 08/01/2026                                       | CUSIP: 574193LH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105851.21    | 0.36%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS                                         | LA TENGEN 12/01/2052                                      | CUSIP: 74448XAS1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225000.00    | 0.78%             | 2052-12-01      | Floating      | 1.85%                 | No            |                  2 | On Loan: No      |
| ALLEN CNTY OHIO                                             | OH ALLMED 5 08/01/2026                                    | CUSIP: 01757LFR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45500.43     | 0.16%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH      | LA LASFAC 12/01/2037                                      | CUSIP: 546279MC1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.72%             | 2037-12-01      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV SCH DIST                                     | NV CLASCD 5 06/15/2026                                    | CUSIP: 1810593S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75604.00     | 0.26%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK (NV), COUNTY OF                                       | NV CLAAPT 5 07/01/2026                                    | CUSIP: 18085PSG0<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    170000 | PA      | $171555.72    | 0.59%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANE CNTY ORE SCH DIST NO 4-J EUGENE                        | OR LANSCD 2 06/15/2026                                    | CUSIP: 515300RK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24958.13     | 0.09%             | 2026-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV                                              | NV CLA 5 11/01/2026                                       | CUSIP: 180848RX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76421.12     | 0.26%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAVERLY N Y CENT SCH DIST                                   | NY WAVSCD 4 06/25/2026                                    | CUSIP: 943810DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602791.14    | 2.08%             | 2026-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORTAGE MICH PUB SCHS                                       | MI PORSCD 5 11/01/2026                                    | CUSIP: 735779MU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15067.77     | 0.05%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                           | DC DISMED 5 07/15/2026                                    | CUSIP: 254764JQ7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55066.54     | 0.19%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND THE (OR)                                   | OR PTPAPT 5 07/01/2027                                    | CUSIP: 735240Z97<br>LEI: 549300BRH7XZ3ZK0DS46 | Long             | DBT              | MUN               | US        |    240000 | PA      | $247827.24    | 0.85%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY MO                                            | MO FRACTF 4 04/01/2027                                    | CUSIP: 352875EF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20315.11     | 0.07%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY KY SCH DIST FIN CORP                          | KY FRKEDU 4 05/01/2026                                    | CUSIP: 352840VT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105271.95    | 0.36%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KAUKAUNA WIS                                                | WI KAU 4 03/01/2026                                       | CUSIP: 486260C34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70000.00     | 0.24%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAGINAW MICH HOSP FIN AUTH                                  | MI SAGMED 5 07/01/2027                                    | CUSIP: 786744HS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $298110.58    | 1.03%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                         | NY PORTRN 3 12/01/2027                                    | CUSIP: 73358WJP0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35022.68     | 0.12%             | 2027-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY ARIZ                                              | AZ PIMUTL 5 07/01/2026                                    | CUSIP: 721876TF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50455.90     | 0.17%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                                | WI WIS 5 05/01/2026                                       | CUSIP: 97705MM44<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30141.29     | 0.10%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                 | TX ELP 5 08/15/2026                                       | CUSIP: 283735AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $96166.23     | 0.33%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO (NM), STATE OF                                   | NM NMSGEN 5 07/01/2026                                    | CUSIP: 6473103F6<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |    105000 | PA      | $106010.00    | 0.37%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT                                | IL CHITRN 5 01/01/2027                                    | CUSIP: 1675935K4<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    280000 | PA      | $285619.38    | 0.98%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                     | NY NYSHSG 11/15/2037                                      | CUSIP: 64986MYY5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 1.38%             | 2037-11-15      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| ST LOUIS MO MUN FIN CORP                                    | MO STLGEN 5 02/15/2027                                    | CUSIP: 79165NBG8<br>LEI: 549300CR13DAYKUKQN03 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25049.84     | 0.09%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILL CNTY ILL CMNTY CONS SCH DIST NO 30-C TROY TWP          | IL WILSCD 4 10/01/2026                                    | CUSIP: 968717SJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $111077.59    | 0.38%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                       | PA TENGEN 05/01/2047                                      | CUSIP: 88035JW99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.34%             | 2047-05-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH SCH DIST NO 405 BELLEVUE                     | WA KINSCD 5 12/01/2026                                    | CUSIP: 495098YT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10215.65     | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CNTY OKLA FIN AUTH                                 | OK OKSEDU 5 10/01/2026                                    | CUSIP: 67868UFX6<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    140000 | PA      | $141929.49    | 0.49%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE COUNTY SCHOOL BOARD (FL)                         | FL MIAEDU 5 02/01/2027                                    | CUSIP: 59333MT70<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120252.29    | 0.41%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                 | TX HOU 5 03/01/2027                                       | CUSIP: 4423316G4<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    120000 | PA      | $123402.41    | 0.43%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Trust                                         | Goldman Sachs Trust SQR TRY IN FST                        | CUSIP: 38142B500<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |      7353 | PA      | $7353.00      | 0.03%             | 2099-12-01      | Floating      | 0.00%                 | No            |                  1 | On Loan: No      |
| ILLINOIS FIN AUTH                                           | IL ILSGEN 5 07/01/2026                                    | CUSIP: 45204EW38<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35334.33     | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW BRAUNFELS TEX                                           | TX NWBUTL 5 07/01/2026                                    | CUSIP: 642577TG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5010.00      | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURLESON TEX                                                | TX BRL 5 03/01/2026                                       | CUSIP: 121385XL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55000.00     | 0.19%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLESTON CNTY S C SCH DIST                                | SC CHASCD 4 04/01/2026                                    | CUSIP: 160075D79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95136.55     | 0.33%             | 2026-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEV FING AUTH                         | PA PASDEV 5 03/15/2027                                    | CUSIP: 70869PLH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $192469.72    | 0.66%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TEX                                          | TX CRI 5 03/01/2026                                       | CUSIP: 220113SN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75000.00     | 0.26%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN            | TN MET 5 07/01/2026                                       | CUSIP: 592112TW6<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15144.79     | 0.05%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX                                                  | TX AUS 5 09/01/2026                                       | CUSIP: 052397Q33<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    130000 | PA      | $131865.83    | 0.45%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUN PRAIRIE WIS                                             | WI SUN 2 04/01/2026                                       | CUSIP: 866849Q21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249787.80    | 0.86%             | 2026-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MAYOR AND CITY COUNCIL OF BALTIMORE (MD)                    | MD BALGEN 5 07/01/2026                                    | CUSIP: 059231ZL7<br>LEI: 5493006QYFB72E0IOO54 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30045.25     | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD COUNTY SCHOOL DISTRICT (FL)                         | FL BROSCD 4 06/25/2026                                    | CUSIP: 115067MT4<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201041.78    | 0.69%             | 2026-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OKLA INDL AUTH                                   | OK TULEDU 5 09/01/2026                                    | CUSIP: 89952PEB7<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20038.58     | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                             | OT FEDMFH 09/15/2038                                      | CUSIP: 31350AAZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    380000 | PA      | $380000.00    | 1.31%             | 2038-09-15      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TEX NAV DIST                               | TX PPATRN 04/01/2040                                      | CUSIP: 735220AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110000.00    | 0.38%             | 2040-04-01      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-28

**Name of Applicant:** Goldman Sachs ETF Trust

**Signature:** Allison Frachiolla

**Name of Signer:** Allison Frachiolla

**Title:** Vice President Assistant Treasurer