# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0001752724-25-182428
**Filing Date:** 2025-7
**Character Count:** 118996
**Document Hash:** f930ed561f94dff23e27b6b76d070ffb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182428.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182428

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**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:** 251161027

**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 Access Municipal Bond ETF (Series ID: S000077734)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000238223 | Goldman Sachs Access Municipal Bond ETF | GMUN            |

## 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 Access Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000077734

- **c. LEI of Series:** 549300RQW73RLCSEMF53

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $9800996.70

**Total Liabilities:** $341.86

**Net Assets:** $9800654.84

**Cash Not Reported:** $18839.22

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 5.10000000 | **1-Year:** 259.10000000 | **5-Year:** 1556.17000000 | **10-Year:** 2079.21000000 | **30-Year:** 46.48000000

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

- **3-Month:** 0.31000000 | **1-Year:** 9.45000000 | **5-Year:** 2.60000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238223 | -1.19%               | -0.26%               | 0.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-101.08                 | $-141353.91                                |
| Month 2  | $-1415.23                | $-49578.13                                 |
| Month 3  | $-217.81                 | $36295.10                                  |

**Designated Index Information**

- **Index Name:** Securities Only Portfolio

- **Index Identifier:** Securities Only Portfolio_PV105934

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LOS ANGELES CNTY CA PUBLIC WKS | Los Angeles County Public Works Financing Authority                              | CUSIP: 54473EWF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32845.38     | 0.34%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST     | San Diego Unified School District/CA                                             | CUSIP: 797355Q31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $40851.44     | 0.42%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO | New York State Dormitory Authority                                               | CUSIP: 64990FXY5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32804.29     | 0.33%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE       | Iowa Finance Authority                                                           | CUSIP: 46246K4B5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31489.73     | 0.32%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                    | State of Maryland                                                                | CUSIP: 574193RC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31169.92     | 0.32%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136XJ5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     20000 | PA      | $15772.00     | 0.16%             | 2031-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU | Alabama Public School and College Authority                                      | CUSIP: 010609FN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32348.28     | 0.33%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA BAY AREA RAPI | San Francisco Bay Area Rapid Transit District                                    | CUSIP: 797661WG6<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31286.79     | 0.32%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC | Virginia College Building Authority                                              | CUSIP: 92778WNB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30682.25     | 0.31%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL  | Ohio Water Development Authority Water Pollution Control Loan Fund               | CUSIP: 67766WB27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45404.82     | 0.46%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & | California Infrastructure & Economic Development Bank                            | CUSIP: 13034A4M9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45535.54     | 0.46%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                 | CUSIP: 13033LS65<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     50000 | PA      | $48942.83     | 0.50%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA HOSP REVE | District of Columbia                                                             | CUSIP: 254764JV6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30241.29     | 0.31%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLLIN CNTY TX CMNTY CLG DIST  | Collin County Community College District                                         | CUSIP: 194741GS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35431.07     | 0.36%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST SCH BOND AUTH     | Tennessee State School Bond Authority                                            | CUSIP: 880558KC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31538.06     | 0.32%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY    | North Dakota Housing Finance Agency                                              | CUSIP: 658909E44<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |     40000 | PA      | $31073.74     | 0.32%             | 2036-07-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST DEPT OF WTR RESO | State of California Department of Water Resources                                | CUSIP: 13067WNV0<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36744.98     | 0.37%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA REVENUES    | University of California                                                         | CUSIP: 91412G3N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30985.49     | 0.32%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDFORD OR HOSP FACS AUTH REVE | Medford Hospital Facilities Authority                                            | CUSIP: 584283GR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42441.78     | 0.43%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST LTD OBLIG    | State of North Carolina                                                          | CUSIP: 65829QBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $48608.16     | 0.50%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063D2E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56311.90     | 0.57%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON  | Metropolitan Government of Nashville & Davidson County TN                        | CUSIP: 592112UZ7<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $37400.26     | 0.38%             | 2034-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL WTR & SWR REV | County of Seminole FL Water & Sewer Revenue                                      | CUSIP: 816705JE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30044.51     | 0.31%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063DCD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40077.40     | 0.41%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUDSON YARDS INFRASTRUCTURE CO | Hudson Yards Infrastructure Corp                                                 | CUSIP: 44420RBR0<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22579.88     | 0.23%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CA UNIF SCH DIST   | Santa Clara Unified School District                                              | CUSIP: 801495Y63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $28806.78     | 0.29%             | 2033-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                      | City of Dallas TX                                                                | CUSIP: 235219PU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $43989.74     | 0.45%             | 2036-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORSYTH MT POLL CONTROL REVENU | City of Forsyth MT                                                               | CUSIP: 346668DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49414.52     | 0.50%             | 2031-03-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136ER8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     25000 | PA      | $22141.02     | 0.23%             | 2028-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P | Los Angeles Department of Water & Power                                          | CUSIP: 544532NR1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43588.85     | 0.44%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF UTAH UT REVENUES       | University of Utah/The                                                           | CUSIP: 915183Y84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32949.03     | 0.34%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH & ALLEGHENY CNTY PA | Sports & Exhibition Authority of Pittsburgh & Allegheny County                   | CUSIP: 724791BU1<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32407.30     | 0.33%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA U | San Francisco Unified School District                                            | CUSIP: 79771TLF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $38022.04     | 0.39%             | 2035-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLEN CNTY OH HOSP FACS REVENU | County of Allen OH Hospital Facilities Revenue                                   | CUSIP: 01757LFT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41875.72     | 0.43%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL UTILITIES COMMISSIO | Orlando Utilities Commission                                                     | CUSIP: 686507HY3<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31149.11     | 0.32%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974DY93<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31064.21     | 0.32%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974EYW0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43490.72     | 0.44%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST MUNI PWR AGY PWR S | Kentucky Municipal Power Agency                                                  | CUSIP: 491501DW9<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30102.33     | 0.31%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST SCH BOND AUTH     | Tennessee State School Bond Authority                                            | CUSIP: 880558JN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30989.93     | 0.32%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF | Pennsylvania Housing Finance Agency                                              | CUSIP: 7087965V5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |     40000 | PA      | $39359.44     | 0.40%             | 2032-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST         | Clark County School District                                                     | CUSIP: 181059UE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25036.72     | 0.26%             | 2032-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Building Aid Revenue                | CUSIP: 64972HVH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30031.34     | 0.31%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA PORT AUTH    | Port Authority of Allegheny County                                               | CUSIP: 017343DV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32157.49     | 0.33%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV REVENUES   | Texas A&M University                                                             | CUSIP: 88213AKX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31089.61     | 0.32%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL  | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20774YXC6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25002.53     | 0.26%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                       | CUSIP: 45203HP63<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29999.28     | 0.31%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CA EVERGREEN CMNTY CL | San Jose Evergreen Community College District                                    | CUSIP: 798189FS0<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |     50000 | PA      | $41111.08     | 0.42%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29661.84     | 0.30%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH & ALLEGHENY CNTY PA | Sports & Exhibition Authority of Pittsburgh & Allegheny County                   | CUSIP: 724791BV9<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21772.61     | 0.22%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                    | State of Delaware                                                                | CUSIP: 246381KT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     27000 | PA      | $28536.30     | 0.29%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                    | CUSIP: 57582RVD5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22523.00     | 0.23%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136ES6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     20000 | PA      | $17120.43     | 0.17%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966QPS3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32813.57     | 0.33%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461364A6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31703.04     | 0.32%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966MRS0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30744.55     | 0.31%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND RIVER OK DAM AUTH REVENU | Grand River Dam Authority                                                        | CUSIP: 386442VS3<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |     30000 | PA      | $28468.29     | 0.29%             | 2034-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CA MUNI UTILITY DIS | Sacramento Municipal Utility District                                            | CUSIP: 786005E61<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31567.84     | 0.32%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI        | City & County of Honolulu HI                                                     | CUSIP: 438687BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31005.84     | 0.32%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESA AZ UTILITY SYS REVENUE    | City of Mesa AZ Utility System Revenue                                           | CUSIP: 590545N47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21192.83     | 0.22%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                                            | CUSIP: 59261AQG5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35917.51     | 0.37%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063DTJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32295.05     | 0.33%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974DSM1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30089.82     | 0.31%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063DBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31353.51     | 0.32%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU | Alabama Public School and College Authority                                      | CUSIP: 010609FK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32855.77     | 0.34%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA               | District of Columbia                                                             | CUSIP: 25476FQW1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20028.83     | 0.20%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HGR EDU CAPITAL CO | Colorado Higher Education                                                        | CUSIP: 196734CC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40332.65     | 0.41%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | State of Ohio                                                                    | CUSIP: 677522UW2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31444.49     | 0.32%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XFP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31271.75     | 0.32%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772JA85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20030.92     | 0.20%             | 2032-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136XM8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     30000 | PA      | $20454.31     | 0.21%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                    | CUSIP: 57582RRX6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41393.44     | 0.42%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966ME39<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30744.55     | 0.31%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA PUBLIC FING AUTH LE | Anaheim Public Financing Authority                                               | CUSIP: 03255LBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $38610.30     | 0.39%             | 2032-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JEA FL WTR & SWR REVENUE       | JEA Water & Sewer System Revenue                                                 | CUSIP: 46613P3T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $36263.26     | 0.37%             | 2036-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORSYTH CNTY GA SCH DIST       | Forsyth County School District                                                   | CUSIP: 346604KY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32831.87     | 0.33%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HURST-EULESS-BEDFORD TX INDEP  | Hurst-Euless-Bedford Independent School District                                 | CUSIP: 447819EK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20900.66     | 0.21%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 452153KT5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54093.15     | 0.55%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592041ZV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32368.35     | 0.33%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                    | State of Maryland                                                                | CUSIP: 574193TD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38546.32     | 0.39%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FXS8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54360.52     | 0.55%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT | California Educational Facilities Authority                                      | CUSIP: 130178M86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $103074.33    | 1.05%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966KEZ2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     35000 | PA      | $32119.42     | 0.33%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CNTY CA            | County of Santa Clara CA                                                         | CUSIP: 801546NS7<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |     50000 | PA      | $46279.52     | 0.47%             | 2035-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063CYJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50232.88     | 0.51%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                           | CUSIP: 65821DSL6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49848.69     | 0.51%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                               | CUSIP: 64983UFR6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $46841.63     | 0.48%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA               | District of Columbia                                                             | CUSIP: 25476FYE2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32150.12     | 0.33%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                                            | CUSIP: 59261APX9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31293.30     | 0.32%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEP | State of Oregon Housing & Community Services Department                          | CUSIP: 686087VU8<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |     45000 | PA      | $43034.33     | 0.44%             | 2032-07-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST                    | State of Michigan                                                                | CUSIP: 594612EB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49718.54     | 0.51%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                 | CUSIP: 13032UBJ6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     30000 | PA      | $28973.53     | 0.30%             | 2034-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL  | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HGD3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43423.55     | 0.44%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER  | New York Convention Center Development Corp                                      | CUSIP: 649451DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $28493.06     | 0.29%             | 2034-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                  | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42380.54     | 0.43%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE | City of Houston TX Combined Utility System Revenue                               | CUSIP: 44244CSS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31610.41     | 0.32%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080TU5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30980.18     | 0.32%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                   | State of Wisconsin                                                               | CUSIP: 97705MZB4<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30539.12     | 0.31%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XVG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32585.74     | 0.33%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRA | Central Puget Sound Regional Transit Authority                                   | CUSIP: 155048DV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33156.89     | 0.34%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE       | Iowa Finance Authority                                                           | CUSIP: 46246K4E9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31162.12     | 0.32%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                               | CUSIP: 60412APF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42297.53     | 0.43%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | State of Ohio                                                                    | CUSIP: 677522GL2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30791.85     | 0.31%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                      | State of Hawaii                                                                  | CUSIP: 419792WQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31124.93     | 0.32%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA BRD OF RGTS ST UNIV SY | Arizona Board of Regents                                                         | CUSIP: 04048RSW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41386.89     | 0.42%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REVENUE      | Texas Water Development Board                                                    | CUSIP: 88285ABU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44824.30     | 0.46%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH  | American Municipal Power Inc                                                     | CUSIP: 02765UPT5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31911.71     | 0.33%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA BRD OF RGTS UNIV ARIZO | Arizona Board of Regents                                                         | CUSIP: 040484NV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $45004.28     | 0.46%             | 2035-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648A4M4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30182.11     | 0.31%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                               | CUSIP: 64990BFC2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     40000 | PA      | $39918.50     | 0.41%             | 2027-07-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                       | CUSIP: 45204FGV1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22109.07     | 0.23%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A | Greater Orlando Aviation Authority                                               | CUSIP: 392274W28<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20798.58     | 0.21%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI        | City & County of Honolulu HI                                                     | CUSIP: 438687TZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32278.95     | 0.33%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI LEASE DEV R | Public Finance Authority                                                         | CUSIP: 74444YAN4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50535.58     | 0.52%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR | Southern California Public Power Authority                                       | CUSIP: 842469AK4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54106.70     | 0.55%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XVZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32051.11     | 0.33%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC | Virginia College Building Authority                                              | CUSIP: 92778WMZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $34974.50     | 0.36%             | 2026-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SHREVEPORT LA WTR & SWR REVENU | City of Shreveport LA Water & Sewer Revenue                                      | CUSIP: 825485WG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20475.61     | 0.21%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                         | CUSIP: 57584Y3M9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43888.84     | 0.45%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                                            | CUSIP: 59261APJ0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $21465.60     | 0.22%             | 2033-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR SWR SYS REVENUE    | City of Portland OR Sewer System Revenue                                         | CUSIP: 736742B48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20751.80     | 0.21%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC  | City of Atlanta GA Airport Passenger Facility Charge                             | CUSIP: 04780TEL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53533.73     | 0.55%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772JY63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30561.13     | 0.31%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO SC EDUCTNL FACS CORP FOR | SCAGO Educational Facilities Corp for Pickens School District                    | CUSIP: 80585TCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50058.89     | 0.51%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                 | County of Harris TX                                                              | CUSIP: 414005N79<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22336.51     | 0.23%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA BRD OF RGTS UNIV ARIZO | Arizona Board of Regents                                                         | CUSIP: 040484NU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $27423.89     | 0.28%             | 2034-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772KVN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43468.92     | 0.44%             | 2038-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                       | CUSIP: 45203HN99<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30015.70     | 0.31%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI        | City & County of Honolulu HI                                                     | CUSIP: 438687FC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31714.70     | 0.32%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XC30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43813.39     | 0.45%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                                            | CUSIP: 59261AQK6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $25419.63     | 0.26%             | 2036-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                      | City of Austin TX                                                                | CUSIP: 052397ZR0<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32501.21     | 0.33%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU | Florida Housing Finance Corp                                                     | CUSIP: 34074MWP2<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |     30000 | PA      | $22224.64     | 0.23%             | 2036-07-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XC55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27154.62     | 0.28%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                    | CUSIP: 57582RFL5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     50000 | PA      | $48892.54     | 0.50%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNIF SCH DIST   | Los Angeles Unified School District/CA                                           | CUSIP: 544647BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $37663.74     | 0.38%             | 2034-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST PUBLIC FIN AUT | North Dakota Public Finance Authority                                            | CUSIP: 65887PXE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33433.63     | 0.34%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA MET TRANSP | Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue       | CUSIP: 54466HLP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41203.68     | 0.42%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL  | Ohio Water Development Authority Water Pollution Control Loan Fund               | CUSIP: 67766WA85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32730.37     | 0.33%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNIV OF NEBRASKA NE FACS CORP  | University of Nebraska Facilities Corp/The                                       | CUSIP: 914639KF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20454.79     | 0.21%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST     | San Diego Unified School District/CA                                             | CUSIP: 7973552B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40063.89     | 0.41%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                     | State of Georgia                                                                 | CUSIP: 3733842E5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35012.37     | 0.36%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                | Commonwealth of Pennsylvania                                                     | CUSIP: 70914PB68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61650.19     | 0.63%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA               | District of Columbia                                                             | CUSIP: 25476FD88<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44257.76     | 0.45%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                 | County of Harris TX                                                              | CUSIP: 414005N38<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31390.28     | 0.32%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST         | Clark County School District                                                     | CUSIP: 181059YG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31236.53     | 0.32%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063DTE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32815.87     | 0.33%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XK49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21722.81     | 0.22%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDFORD OR HOSP FACS AUTH REVE | Medford Hospital Facilities Authority                                            | CUSIP: 584283GJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20401.25     | 0.21%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974EYL4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20717.97     | 0.21%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966MRY7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31031.43     | 0.32%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO | New York State Dormitory Authority                                               | CUSIP: 64990FYB4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50395.16     | 0.51%             | 2034-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP  | New York City Housing Development Corp                                           | CUSIP: 64972CT86<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |     30000 | PA      | $26757.37     | 0.27%             | 2037-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WILLIAM S HART CA UNION HIGH S | William S Hart Union High School District                                        | CUSIP: 969275PS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $26238.19     | 0.27%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772JQ54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30180.44     | 0.31%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTGE AGY HOMEOWNER | State of New York Mortgage Agency Homeowner Mortgage Revenue                     | CUSIP: 64988YEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $46866.65     | 0.48%             | 2035-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HOUSTON TX UNIV REVENU | University of Houston                                                            | CUSIP: 914302JZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21905.25     | 0.22%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414009MJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31426.03     | 0.32%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL  | Philadelphia Authority for Industrial Development                                | CUSIP: 71779QAQ5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |     45000 | PA      | $45283.86     | 0.46%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FL TRANSIT REVENU | City of Jacksonville FL                                                          | CUSIP: 469495DL6<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29313.81     | 0.30%             | 2031-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P | Los Angeles Department of Water & Power Water System Revenue                     | CUSIP: 544525WB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30484.20     | 0.31%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY DEDICATE | Metropolitan Transportation Authority Dedicated Tax Fund                         | CUSIP: 59259N7F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $23156.65     | 0.24%             | 2033-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD           | Texas Water Development Board                                                    | CUSIP: 882854WT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30035.18     | 0.31%             | 2032-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MD SUBURBAN SAN DIS | Washington Suburban Sanitary Commission                                          | CUSIP: 9401574Y3<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32990.84     | 0.34%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR  | Los Angeles Department of Water & Power                                          | CUSIP: 5444955W0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30869.99     | 0.31%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136WQ0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     40000 | PA      | $28699.74     | 0.29%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST DEV BANK SPL OB | Mississippi Development Bank                                                     | CUSIP: 60534TY25<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20290.00     | 0.21%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772JP30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30134.17     | 0.31%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063DSC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31825.07     | 0.32%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUDSON YARDS INFRASTRUCTURE CO | Hudson Yards Infrastructure Corp                                                 | CUSIP: 44420RBZ2<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29618.29     | 0.30%             | 2038-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA UNIV REVENUES          | Indiana University                                                               | CUSIP: 455168BZ6<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20031.69     | 0.20%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S | North Texas Municipal Water District Water System Revenue                        | CUSIP: 662903PT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20083.45     | 0.20%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO | New York State Dormitory Authority                                               | CUSIP: 64990FYA6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32522.06     | 0.33%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                    | State of Maryland                                                                | CUSIP: 574193TB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32039.51     | 0.33%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF UTAH UT REVENUES       | University of Utah/The                                                           | CUSIP: 915183YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31093.94     | 0.32%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                 | County of Harris TX                                                              | CUSIP: 414005R91<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30890.31     | 0.32%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                      | CUSIP: 67756QT49<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |     30000 | PA      | $25598.12     | 0.26%             | 2033-03-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                               | CUSIP: 64990CWV9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31224.10     | 0.32%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD           | Texas Water Development Board                                                    | CUSIP: 8828547R7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28015.19     | 0.29%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F | New Jersey Health Care Facilities Financing Authority                            | CUSIP: 645790MS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31800.27     | 0.32%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES | Board of Regents of the University of Texas System                               | CUSIP: 91514AJL0<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32106.36     | 0.33%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD           | Texas Water Development Board                                                    | CUSIP: 882854WQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30175.20     | 0.31%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN | Massachusetts Bay Transportation Authority Sales Tax Revenue                     | CUSIP: 575579QF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $46419.70     | 0.47%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XB64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31523.71     | 0.32%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712DKG0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     45000 | PA      | $44414.06     | 0.45%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| LAKELAND FL ENERGY SYS REVENUE | City of Lakeland FL Department of Electric Utilities                             | CUSIP: 51166FDY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $38937.87     | 0.40%             | 2027-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN  | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GG65<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45404.15     | 0.46%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN AUTH IL         | Regional Transportation Authority                                                | CUSIP: 759911ZU7<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32291.38     | 0.33%             | 2029-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063CYP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $68197.61     | 0.70%             | 2033-09-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P | Los Angeles Department of Water & Power                                          | CUSIP: 544532KD5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54486.07     | 0.56%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST                    | State of Michigan                                                                | CUSIP: 594612DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35692.65     | 0.36%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT PASSENGER FAC  | City of Atlanta GA Airport Passenger Facility Charge                             | CUSIP: 04780TEP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42711.54     | 0.44%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063DM47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21414.71     | 0.22%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT SMITH AR WTR & SWR REVENU | City of Fort Smith AR Water & Sewer Revenue                                      | CUSIP: 348815PG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31495.93     | 0.32%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 452153FA2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53303.20     | 0.54%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE    | Indiana Finance Authority                                                        | CUSIP: 45506EKX0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54202.15     | 0.55%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & | California Infrastructure & Economic Development Bank                            | CUSIP: 13034RAN3<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31781.82     | 0.32%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES | University of California                                                         | CUSIP: 91412HRR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44350.29     | 0.45%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE | District of Columbia Income Tax Revenue                                          | CUSIP: 25477GPA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32222.77     | 0.33%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HURST-EULESS-BEDFORD TX INDEP  | Hurst-Euless-Bedford Independent School District                                 | CUSIP: 447819EL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20843.25     | 0.21%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS & WASHINGTON CNTYS O | Clackamas & Washington Counties School District No 3                             | CUSIP: 178882MU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $32433.20     | 0.33%             | 2035-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN BERNARDINO CA CMNTY CLG DI | San Bernardino Community College District                                        | CUSIP: 796720GY0<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |     50000 | PA      | $39434.45     | 0.40%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD           | Texas Water Development Board                                                    | CUSIP: 882854WR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30167.45     | 0.31%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR | New York State Environmental Facilities Corp                                     | CUSIP: 64986DFH3<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20784.17     | 0.21%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 4521526W6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     40000 | PA      | $39802.04     | 0.41%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST BOND BANK REVENUE   | Indiana Bond Bank                                                                | CUSIP: 454624VX2<br>LEI: 549300TZMGETS4ELEI93 | Long             | DBT              | MUN               | US        |     30000 | PA      | $24559.28     | 0.25%             | 2031-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTH  | Louisiana Public Facilities Authority                                            | CUSIP: 546398DH8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20477.45     | 0.21%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                | County of Fairfax VA                                                             | CUSIP: 30382AMP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31698.13     | 0.32%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST | Trinity River Authority Central Regional Wastewater System Revenue               | CUSIP: 89658HWD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31386.54     | 0.32%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136EQ0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     40000 | PA      | $36758.10     | 0.38%             | 2027-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CNTY CA FING AUTH  | Santa Clara County Financing Authority                                           | CUSIP: 801577LB1<br>LEI: 549300A73O1Q5POHAT69 | Long             | DBT              | MUN               | US        |     50000 | PA      | $45409.66     | 0.46%             | 2035-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CAPE CORAL FL WTR & SWR REVENU | City of Cape Coral FL Water & Sewer Revenue                                      | CUSIP: 139372RE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20611.72     | 0.21%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974D3X4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31472.86     | 0.32%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST WTR RESOURCES | Massachusetts Water Resources Authority                                          | CUSIP: 576051K96<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45651.19     | 0.47%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                                            | CUSIP: 59261ANK9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31293.30     | 0.32%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN | Massachusetts Bay Transportation Authority Sales Tax Revenue                     | CUSIP: 575579HC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30047.18     | 0.31%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST         | Clark County School District                                                     | CUSIP: 181059YJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31252.48     | 0.32%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XB72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32076.95     | 0.33%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                    | State of Maryland                                                                | CUSIP: 574193TF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32656.97     | 0.33%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF WASHINGTON WA UNIV REV | University of Washington                                                         | CUSIP: 91523NPN0<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50065.39     | 0.51%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                | County of Fairfax VA                                                             | CUSIP: 30382AMS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51540.16     | 0.53%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU | Alabama Public School and College Authority                                      | CUSIP: 010609FQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24947.25     | 0.25%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E | State of Florida                                                                 | CUSIP: 34153QRJ7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32121.96     | 0.33%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI JT MUNI ELEC UTILITY  | Missouri Joint Municipal Electric Utility Commission                             | CUSIP: 606092JD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30000.00     | 0.31%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA MET TRANSP | Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue       | CUSIP: 54466HLJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32701.73     | 0.33%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD             | County of Montgomery MD                                                          | CUSIP: 61334PCC5<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31165.36     | 0.32%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XVR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32692.38     | 0.33%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA GEN PURPOSE HOS | County of Lehigh PA                                                              | CUSIP: 52480GCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $28685.46     | 0.29%             | 2032-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063DTG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32602.98     | 0.33%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE | District of Columbia Income Tax Revenue                                          | CUSIP: 25477GNY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31687.35     | 0.32%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063D2D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44691.62     | 0.46%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP  | Sales Tax Securitization Corp                                                    | CUSIP: 79467BEP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19848.00     | 0.20%             | 2027-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH | Massachusetts School Building Authority                                          | CUSIP: 576000RR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30121.16     | 0.31%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                    | CUSIP: 57582RXN1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     55000 | PA      | $59481.39     | 0.61%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S | North Texas Municipal Water District Water System Revenue                        | CUSIP: 662903C68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31241.19     | 0.32%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES | University of California                                                         | CUSIP: 91412HLQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43239.61     | 0.44%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REEDY CREEK FL IMPT DIST       | Central Florida Tourism Oversight District                                       | CUSIP: 758449RJ3<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20708.49     | 0.21%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TAMPA BAY WTR FL UTILITY SYS R | Tampa Bay Water                                                                  | CUSIP: 875128FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33185.81     | 0.34%             | 2029-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA BAY AREA RAPI | San Francisco Bay Area Rapid Transit District Sales Tax Revenue                  | CUSIP: 797669WB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30050.52     | 0.31%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974ELH7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54674.03     | 0.56%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST TRANSIT AUTH SALES TAX | Utah Transit Authority                                                           | CUSIP: 917565EU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32973.88     | 0.34%             | 2032-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV | Colorado Health Facilities Authority                                             | CUSIP: 19648FPM0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31272.88     | 0.32%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST BRD REGENTS HOSP REVEN | State of Iowa Board of Regents                                                   | CUSIP: 46256QNV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31864.86     | 0.33%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966QPW4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32052.35     | 0.33%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                                            | CUSIP: 59259Y6D6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30163.90     | 0.31%             | 2029-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES | University of California                                                         | CUSIP: 91412HLS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27674.52     | 0.28%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                               | CUSIP: 64990CWZ0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30983.16     | 0.32%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                | City of Philadelphia PA                                                          | CUSIP: 717813YV5<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42957.64     | 0.44%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU | Alabama Public School and College Authority                                      | CUSIP: 010609FP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32184.62     | 0.33%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAKE CNTY NC LIMITED OBLIG     | County of Wake NC                                                                | CUSIP: 930876FG7<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30341.43     | 0.31%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & | California Infrastructure & Economic Development Bank                            | CUSIP: 13034AZ52<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32360.33     | 0.33%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S | Long Island Power Authority                                                      | CUSIP: 542690UY6<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32316.53     | 0.33%             | 2029-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST PUBLIC FACS AUTH  | Minnesota Public Facilities Authority State Revolving Fund                       | CUSIP: 604115DL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56520.70     | 0.58%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & | California Infrastructure & Economic Development Bank                            | CUSIP: 13034A4K3<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     30000 | PA      | $34684.54     | 0.35%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                                            | CUSIP: 59261AJ57<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32119.14     | 0.33%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH SWR REVENUE        | City of Columbus OH Sewerage Revenue                                             | CUSIP: 199561GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30491.15     | 0.31%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 4521526Y2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     20000 | PA      | $19601.54     | 0.20%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966SBE5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44759.42     | 0.46%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                    | CUSIP: 57582R7L4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44736.74     | 0.46%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E | State of Florida                                                                 | CUSIP: 34153QWD4<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31902.16     | 0.33%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT | New Jersey Educational Facilities Authority                                      | CUSIP: 646067HG6<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44321.05     | 0.45%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                              | CUSIP: 13063DSD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31740.50     | 0.32%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES | University of California                                                         | CUSIP: 91412HRN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56376.54     | 0.58%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL  | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HFH5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32650.77     | 0.33%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                                              | CUSIP: 93974D3Z9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26044.58     | 0.27%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                                | CUSIP: 4521525F4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30712.54     | 0.31%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA            | Commonwealth Financing Authority                                                 | CUSIP: 20281PJP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30036.10     | 0.31%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC | Virginia College Building Authority                                              | CUSIP: 92778VFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31645.85     | 0.32%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SCH BRD COP | School Board of Miami-Dade County/The                                            | CUSIP: 59333MU45<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35165.17     | 0.36%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA BAY AREA RAPI | San Francisco Bay Area Rapid Transit District                                    | CUSIP: 797661WN1<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25110.22     | 0.26%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH RENTA | Michigan State Housing Development Authority                                     | CUSIP: 59465M6J9<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |     35000 | PA      | $30550.45     | 0.31%             | 2034-10-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461366B2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30297.92     | 0.31%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO | New York State Dormitory Authority                                               | CUSIP: 64990FXZ2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32660.03     | 0.33%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER  | New York Convention Center Development Corp                                      | CUSIP: 649451CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30162.51     | 0.31%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA               | District of Columbia                                                             | CUSIP: 25476FVD7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40154.88     | 0.41%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK KANE LAKE & MCHENRY CNTYS | Cook Kane Lake & McHenry Counties Community College District No 512              | CUSIP: 216181GT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40902.18     | 0.42%             | 2029-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772KEA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31320.54     | 0.32%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST | Trinity River Authority Central Regional Wastewater System Revenue               | CUSIP: 89658HVE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31047.46     | 0.32%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Building Aid Revenue                | CUSIP: 64972H6X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43607.09     | 0.44%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA | New York State Dormitory Authority                                               | CUSIP: 64990AHH1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31917.64     | 0.33%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WTR DIST OF STHRN CA WTRWK | Metropolitan Water District of Southern California                               | CUSIP: 59266TSA0<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31428.29     | 0.32%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                                            | CUSIP: 59261AJ81<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32154.69     | 0.33%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

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

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President Assistant Treasurer