# EDGAR Filing Document

**Accession Number:** 0001426439
**File Stem:** 0000940400-25-014980
**Filing Date:** 2025-12
**Character Count:** 56111
**Document Hash:** 62462190ba827becbd7827783fab1ed1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014980.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000940400-25-014980

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New York Life Investments Active ETF Trust
- **CENTRAL INDEX KEY:** 0001426439

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22739
- **FILM NUMBER:** 251606665

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 576-5018

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NYLI MacKay Core Plus Bond ETF
- **DATE OF NAME CHANGE:** 20241203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** New York Life Investments Active ETF Trust
- **DATE OF NAME CHANGE:** 20240822

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IndexIQ Active ETF Trust
- **DATE OF NAME CHANGE:** 20080207

## Series and Classes Contracts Data

### NYLI MacKay Muni Short Duration ETF (Series ID: S000090646)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000257922 | NYLI MacKay Muni Short Duration ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** New York Life Investments Active ETF Trust

- **b. Investment Company Act file number:** 811-22739

- **c. CIK number of Registrant:** 0001426439

- **d. LEI of Registrant:** 549300VWZDQ61K9DOP39

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 888-474-7725

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

- **a. Name of Series:** NYLI Mackay Muni Short Duration ETF

- **b. EDGAR series identifier (if any):** S000090646

- **c. LEI of Series:** 529900IUV9ITS9M0DL55

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $66095859.78

**Total Liabilities:** $9513714.81

**Net Assets:** $56582144.97

**Delayed Delivery Securities:** $9472604.30

**Cash Not Reported:** $58415.02

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 219.88779000 | **1-Year:** 5454.42607000 | **5-Year:** 7683.01656000 | **10-Year:** 1199.64339000 | **30-Year:** 6.93958000

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

- **3-Month:** 0.00000000 | **1-Year:** 126.51433000 | **5-Year:** 280.61143000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000257922 | 0.78%                | 0.47%                | 0.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4678.02                 | $118836.12                                 |
| Month 2  | $41794.18                | $6408.49                                   |
| Month 3  | $0.00                    | $-122362.59                                |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond 3 Year

- **Index Identifier:** LEH__LHMN0732

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW JERSEY ST HGR EDU ASSISTAN     | New Jersey Higher Education Student Assistance Authority                        | CUSIP: 646080YN5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515651.10    | 0.91%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HGR EDU STUDENT LO     | Kentucky Higher Education Student Loan Corp                                     | CUSIP: 49130NGS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508262.40    | 0.90%             | 2028-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL     | Rhode Island Health and Educational Building Corp                               | CUSIP: 762244NL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108042.25    | 0.19%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA HSG DEV AUTH              | Virginia Housing Development Authority                                          | CUSIP: 92812XHS4<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501664.10    | 0.89%             | 2027-01-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDEP SCH DIST          | Leander Independent School District                                             | CUSIP: 521841P67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $415351.35    | 0.73%             | 2028-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue         | CUSIP: 64972JWU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529302.35    | 0.94%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW PALESTINE CMNTY SCHS IN        | New Palestine Community Schools                                                 | CUSIP: 64782HAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $358289.05    | 0.63%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN PA NEIGHBORHOOD IMPT     | Allentown Neighborhood Improvement Zone Development Authority                   | CUSIP: 018444CG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083645.90   | 1.92%             | 2032-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST                   | State of New Hampshire                                                          | CUSIP: 644682S80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249595.53    | 0.44%             | 2029-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP            | Florida Housing Finance Corp                                                    | CUSIP: 34073JVF3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249621.93    | 0.44%             | 2043-03-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REV     | County of Miami-Dade Seaport Department                                         | CUSIP: 59335KEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $486723.78    | 0.86%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV     | Colorado Health Facilities Authority                                            | CUSIP: 19648FB52<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072017.30   | 1.89%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T     | Territory of Guam                                                               | CUSIP: 40065NCM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $331308.43    | 0.59%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                 | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    475000 | PA      | $504475.98    | 0.89%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO     | Development Authority of Burke County/The                                       | CUSIP: 121342PQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 2.47%             | 2052-11-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                          | CUSIP: 13048V3Z9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102787.98    | 0.18%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND                     | City of Grand Forks ND                                                          | CUSIP: 3854434G8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $209005.09    | 0.37%             | 2028-12-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA HSG DEV AUTH              | Virginia Housing Development Authority                                          | CUSIP: 92812XRF1<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249887.65    | 0.44%             | 2056-07-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| ALASKA ST MUNI BOND BANK AUTH      | Alaska Municipal Bond Bank Authority                                            | CUSIP: 01179RVM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $357001.89    | 0.63%             | 2042-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SEYMOUR IN ELEM SCH BLDG CORP      | Seymour Elementary School Building Corp                                         | CUSIP: 818605EJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $774842.70    | 1.37%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL     | Rhode Island Health and Educational Building Corp                               | CUSIP: 762244NK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79863.65     | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND                     | City of Grand Forks ND                                                          | CUSIP: 3854435Q5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98103.37     | 0.17%             | 2028-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA HSG & PUBLIC IMPT A     | Anaheim Housing & Public Improvements Authority                                 | CUSIP: 032556NJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 2.47%             | 2054-10-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH        | New Mexico Mortgage Finance Authority                                           | CUSIP: 647201SJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100656.32    | 0.18%             | 2032-09-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WYLIE TX INDEP SCH DIST TAYLOR     | Wylie Independent School District/Taylor County                                 | CUSIP: 983069CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $562117.97    | 0.99%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RANTOUL IL                         | Village of Rantoul IL                                                           | CUSIP: 753279JS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $613143.00    | 1.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINGREE GROVE IL SPL SVC AREAS     | Village of Pingree Grove IL                                                     | CUSIP: 72342NAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1246418.13   | 2.20%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                        | City of New York NY                                                             | CUSIP: 64966MSD2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 2.47%             | 2046-10-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH      | New Hampshire Housing Finance Authority                                         | CUSIP: 64469D7Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $513209.84    | 0.91%             | 2056-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENERGY RESEARCH &      | New York State Energy Research & Development Authority                          | CUSIP: 64985VBG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503209.00    | 0.89%             | 2028-04-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL     | Maryland Health & Higher Educational Facilities Authority                       | CUSIP: 57421CKH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217459.22    | 0.38%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T     | Territory of Guam                                                               | CUSIP: 40065NCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310589.37    | 0.55%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 490                                 | CUSIP: 41430EHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $849319.76    | 1.50%             | 2028-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VIRIDIAN TX MUNI MGMT DIST         | Viridian Municipal Management District                                          | CUSIP: 92823PSG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $640142.06    | 1.13%             | 2026-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KIRKWOOD IA CMNTY CLG              | Kirkwood Community College                                                      | CUSIP: 497592KF1<br>LEI: 549300XT367WU6S5AE66 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500020.35    | 0.88%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R     | Indiana Finance Authority                                                       | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $269418.18    | 0.48%             | 2064-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ARPT SYS REVENU     | City of San Antonio TX Airport System                                           | CUSIP: 796242TY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $405254.32    | 0.72%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP      | New York City Housing Development Corp                                          | CUSIP: 64966TGS7<br>LEI: 549300SQWVHKBRF8D702 | Long             | ABS-MBS          | MUN               | US        |    475000 | PA      | $486417.34    | 0.86%             | 2031-12-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG CORP SF MTGE       | Kentucky Housing Corp                                                           | CUSIP: 491309NP1<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |    450000 | PA      | $484088.58    | 0.86%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REDMOND OR                         | City of Redmond OR                                                              | CUSIP: 757657ZA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $484597.80    | 0.86%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIFESPAN CORP                      | Lifespan Corp                                                                   | CUSIP: 53229UAA5<br>LEI: I9TGZUV477HZIKUP0045 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505030.00    | 0.89%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH     | West Virginia Economic Development Authority                                    | CUSIP: 95648VBY4<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352187.92    | 0.62%             | 2041-01-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| PEORIA CNTY IL CMNTY UNIT SCHD     | Peoria County Community Unit School District No 323                             | CUSIP: 713163KM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $298547.70    | 0.53%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PMA LEVY & AID ANTIC NTS PROGR     | PMA Levy & Aid Anticipation Notes Program                                       | CUSIP: 730146DN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1502013.27   | 2.65%             | 2026-04-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS CO JT S     | Adams & Arapahoe Counties Joint School District 28J Aurora                      | CUSIP: 0054824G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309416.40    | 0.55%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                        | State of Illinois                                                               | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520034.25    | 0.92%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C     | Southeast Energy Authority A Cooperative District                               | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    405000 | PA      | $435939.65    | 0.77%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT     | Indiana Housing & Community Development Authority                               | CUSIP: 45505TUD1<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    200000 | PA      | $174757.34    | 0.31%             | 2032-07-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REVENUE     | Tempe Industrial Development Authority                                          | CUSIP: 87972MCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994888.80    | 1.76%             | 2030-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                         | CUSIP: 544532PY4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    200000 | PA      | $220222.96    | 0.39%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FALLSBURG NY CENTRL SCH DIST       | Fallsburg Central School District                                               | CUSIP: 306747JW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $355328.08    | 0.63%             | 2032-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER NY TOBACCO ASSET S     | Westchester Tobacco Asset Securitization Corp                                   | CUSIP: 957480BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1213201.68   | 2.14%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH       | Ohio Air Quality Development Authority                                          | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    465000 | PA      | $457976.36    | 0.81%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL     | Maryland Health & Higher Educational Facilities Authority                       | CUSIP: 57421CKG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160272.26    | 0.28%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI     | Pennsylvania Turnpike Commission                                                | CUSIP: 709225RR9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1360584.50   | 2.40%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH MUNI SCH DIST         | Cleveland Municipal School District                                             | CUSIP: 186392EL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500767.55    | 0.89%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LOAN A     | Rhode Island Student Loan Authority                                             | CUSIP: 762315RH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264235.73    | 0.47%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY HOM     | North Carolina Housing Finance Agency                                           | CUSIP: 65820BCH7<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    450000 | PA      | $515223.90    | 0.91%             | 2056-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                             | CUSIP: 13063BCD2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 2.47%             | 2033-05-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1      | Matagorda County Navigation District No 1                                       | CUSIP: 576528DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $416919.36    | 0.74%             | 2029-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| UNIV OF HOUSTON TX UNIV REVENU     | University of Houston                                                           | CUSIP: 914302CE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $176118.79    | 0.31%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STC MET DIST #2 CO                 | STC Metropolitan District No 2                                                  | CUSIP: 85780TAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $412950.99    | 0.73%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                     | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153036.56    | 0.27%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SPARKS NV TOURISM IMPT DIST #1     | Sparks Tourism Improvement District No 1                                        | CUSIP: 846562AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $274797.02    | 0.49%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WEST ATHENS LIME STREET FIRE D     | West Athens Lime Street Fire District                                           | CUSIP: 95122AAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251574.43    | 0.44%             | 2026-09-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT     | Indiana Housing & Community Development Authority                               | CUSIP: 45505WCC6<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100940.32    | 0.18%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC INDL FACS &     | Cumberland County Industrial Facilities & Pollution Control Financing Authority | CUSIP: 230589AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999012.90    | 1.77%             | 2027-12-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH     | Kentucky Public Energy Authority                                                | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    400000 | PA      | $427548.24    | 0.76%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SENIOR LI     | New Hampshire Business Finance Authority                                        | CUSIP: 63608SAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $282101.37    | 0.50%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY OH HOSP FACS IMPT     | County of Fayette OH                                                            | CUSIP: 312446AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532166.35    | 0.94%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                                              | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    106164 | NS      | $106164.47    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL     | Maryland Health & Higher Educational Facilities Authority                       | CUSIP: 57421CKF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157500.92    | 0.28%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE       | Michigan Finance Authority                                                      | CUSIP: 59447TH97<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    170000 | PA      | $161942.49    | 0.29%             | 2039-06-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                             | CUSIP: 13063EHU3<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522221.50    | 0.92%             | 2030-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO     | Southeast Energy Authority A Cooperative District                               | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    400000 | PA      | $409130.28    | 0.72%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL     | Maryland Health & Higher Educational Facilities Authority                       | CUSIP: 57421CJD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $811035.92    | 1.43%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU     | Louisiana Public Facilities Authority                                           | CUSIP: 546399UQ7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    450000 | PA      | $485120.84    | 0.86%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L     | California State Public Works Board                                             | CUSIP: 13068XQV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $805157.33    | 1.42%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION     | City of Chicago IL Wastewater Transmission Revenue                              | CUSIP: 167727HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198888.64    | 0.35%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRL PA GEN AUTH REVENU     | General Authority of Southcentral Pennsylvania                                  | CUSIP: 84129NNM7<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074337.50   | 1.90%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RSDL FIN AUTH     | Atlanta Urban Residential Finance Authority                                     | CUSIP: 04785VCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998907.60    | 1.77%             | 2029-05-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PORT AUTH DOCKS FAC     | State of Alabama Docks Department                                               | CUSIP: 010604BZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $773799.00    | 1.37%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLINT TX INDEP SCH DIST            | Clint Independent School District                                               | CUSIP: 187270K93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $539554.35    | 0.95%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HSG AUTH GTD R     | Philadelphia Housing Authority                                                  | CUSIP: 71783TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261282.58    | 0.46%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED     | Clifton Higher Education Finance Corp                                           | CUSIP: 187145WS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $324615.88    | 0.57%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL     | Maryland Health & Higher Educational Facilities Authority                       | CUSIP: 57421CKE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206037.06    | 0.36%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                  | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100688.60    | 0.18%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY MN                 | County of Washington MN                                                         | CUSIP: 937785UJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $492277.25    | 0.87%             | 2027-02-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| STERLING RANCH CMNTY AUTH BRD      | Sterling Ranch Community Authority Board                                        | CUSIP: 85950NAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510486.65    | 0.90%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VILLAGE CDD NO 15 SPL ASSMNT R     | Village Community Development District No 15                                    | CUSIP: 92708KAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $389169.36    | 0.69%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENTER GROVE IN CMNTY SCH CORP     | Center Grove Community School Corp                                              | CUSIP: 151469FX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254397.28    | 0.45%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYLIE TX INDEP SCH DIST TAYLOR     | Wylie Independent School District/Taylor County                                 | CUSIP: 983069CB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $691911.37    | 1.22%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO CNTY WV CNTY COMMISSION S     | County of Ohio WV Special District Excise Tax Revenue                           | CUSIP: 67732PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $183248.71    | 0.32%             | 2035-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A     | Texas Department of Housing & Community Affairs                                 | CUSIP: 882750D74<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504517.95    | 0.89%             | 2028-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SEVIER CNTY TN PUBLIC BLDG AUT     | Public Building Authority of Sevier County TN/The                               | CUSIP: 818200VH7<br>LEI: 549300W1TCZIAX7JRK58 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 2.47%             | 2049-03-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HGR EDU ASSISTANC     | Pennsylvania Higher Education Assistance Agency                                 | CUSIP: 70878CBM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $475612.20    | 0.84%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCKINNEY MUNI UTILITY DIST #2      | Mckinney Municipal Utility District No 2                                        | CUSIP: 581733GH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $827803.43    | 1.46%             | 2031-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAMPBELL CNTY TN                   | County of Campbell TN                                                           | CUSIP: 134303TY2<br>LEI: 549300T61WDDRIWIM152 | Long             | DBT              | MUN               | US        |    400000 | PA      | $366751.60    | 0.65%             | 2031-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI     | Bay Area Toll Authority                                                         | CUSIP: 072024C75<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 1.41%             | 2059-04-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| WILLOW POINT TX MUNI UTIL DIST     | Willow Point Municipal Utility District                                         | CUSIP: 971156HW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $552037.50    | 0.98%             | 2029-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I     | Indianapolis Local Public Improvement Bond Bank                                 | CUSIP: 45528VFT1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    450000 | PA      | $468474.57    | 0.83%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDLAND CNTY TX FRESH WTR SPLY     | Midland County Fresh Water Supply District No 1                                 | CUSIP: 597495AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $374951.60    | 0.66%             | 2032-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH MIDWESTERN DI     | Indiana Finance Authority                                                       | CUSIP: 45470CAF6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $241865.43    | 0.43%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW MEMPHIS ARENA PUBLIC BLDG      | New Memphis Arena Public Building Authority                                     | CUSIP: 64704CAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $467751.17    | 0.83%             | 2027-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL     | Maryland Health & Higher Educational Facilities Authority                       | CUSIP: 57421CKD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202275.66    | 0.36%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI CMNTY FACS DISTS     | Kauai County Community Facilities District                                      | CUSIP: 486121BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $472607.89    | 0.84%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP      | Sales Tax Securitization Corp                                                   | CUSIP: 79467BED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $485530.40    | 0.86%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INV PART II              | Toll Road Investors Partnership II LP                                           | CUSIP: 88948ABH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $268523.40    | 0.47%             | 2032-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STHRN CA LOGISTICS ARPT AUTH       | Southern California Logistics Airport Authority                                 | CUSIP: 842472DZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1227015.32   | 2.17%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANKATO MN                         | City of Mankato MN                                                              | CUSIP: 563657SN6<br>LEI: 5493003B18DJ507ZEG20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $491781.35    | 0.87%             | 2027-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HGR EDU SUPPLEM     | Connecticut State Higher Education Supplement Loan Authority                    | CUSIP: 207743YR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502434.00    | 0.89%             | 2045-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL     | Rhode Island Health and Educational Building Corp                               | CUSIP: 762244NM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218163.94    | 0.39%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH STUDENT HS     | Atlanta Development Authority/The                                               | CUSIP: 04777LDX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980061.00    | 1.73%             | 2030-07-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                         | CUSIP: 544532BQ6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 2.47%             | 2050-07-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| MANCHESTER NH HSG & REDEV AUTH     | Manchester Housing and Redevelopment Authority Inc                              | CUSIP: 562345AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $248435.65    | 0.44%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHGLENN CO MET DIST SPL REV     | Southglenn Metropolitan District                                                | CUSIP: 84437RAE7<br>LEI: 549300ETN4YRI5O2PU39 | Long             | DBT              | MUN               | US        |    755000 | PA      | $755609.74    | 1.34%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OYSTER BAY NY                      | Town of Oyster Bay NY                                                           | CUSIP: 692160TB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $492983.87    | 0.87%             | 2030-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PISCATAWAY TWP NJ                  | Township of Piscataway NJ                                                       | CUSIP: 724292YK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000301.60   | 1.77%             | 2027-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WILLOW POINT TX MUNI UTIL DIST     | Willow Point Municipal Utility District                                         | CUSIP: 971156HX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $379288.74    | 0.67%             | 2030-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                 | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    420000 | PA      | $444190.99    | 0.79%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA RSDL CARE FACS      | Fulton County Residential Care Facilities for the Elderly Authority             | CUSIP: 360059AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $322432.10    | 0.57%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA AL INDL DEV BRD POLLC     | Columbia Industrial Development Board                                           | CUSIP: 197210AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 2.47%             | 2037-12-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| FORSYTH MT POLL CONTROL REVENU     | City of Forsyth MT                                                              | CUSIP: 346668DP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103014.84    | 0.18%             | 2032-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH REVENUE       | New York Power Authority                                                        | CUSIP: 64989KFD3<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |    250000 | PA      | $269253.38    | 0.48%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE     | Village Community Development District No 13                                    | CUSIP: 92708HAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $238857.18    | 0.42%             | 2031-05-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-22

**Name of Applicant:** New York Life Investments Active ETF Trust

**Signature:** Adefolahan Oyefeso

**Name of Signer:** Adefolahan Oyefeso

**Title:** Director and Vice President, IndexIQ