# EDGAR Filing Document

**Accession Number:** 0001424212
**File Stem:** 0001145549-23-017777
**Filing Date:** 2023-3
**Character Count:** 84584
**Document Hash:** 07974d489d5b8e04c42494299d37e0a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-017777.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001145549-23-017777

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST EXCHANGE-TRADED FUND III
- **CENTRAL INDEX KEY:** 0001424212
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22245
- **FILM NUMBER:** 23755603

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE
- **STREET 2:** SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange-Traded Fund III
- **DATE OF NAME CHANGE:** 20160419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Exchange Traded Fund III
- **DATE OF NAME CHANGE:** 20080116

## Series and Classes Contracts Data

### First Trust California Municipal High Income ETF (Series ID: S000057894)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000187865 | First Trust California Municipal High Income ETF | FCAL            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Exchange-Traded Fund III

- **b. Investment Company Act file number:** 811-22245

- **c. CIK number of Registrant:** 0001424212

- **d. LEI of Registrant:** 5493003Z20QMESC6XS29

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

  - **Street Address 1:** 120 East Liberty Drive, Suite 400

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

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

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

- **a. Name of Series:** First Trust California Municipal High Income ETF

- **b. EDGAR series identifier (if any):** S000057894

- **c. LEI of Series:** 549300HQXBNWXGHCKR24

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $111186412.68

**Total Liabilities:** $2029490.86

**Net Assets:** $109156921.82

**Cash Not Reported:** $4649572.24

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 152.553740557206 | **1-Year:** 3596.502544728318 | **5-Year:** 18814.467295349918 | **10-Year:** 22886.881161317825 | **30-Year:** 2393.158965080559

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

- **3-Month:** 2.476375216451 | **1-Year:** 962.876308455884 | **5-Year:** 6212.897089316271 | **10-Year:** 5747.707125327044 | **30-Year:** 7096.481809822050

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000187865 | 4.34%                | 0.27%                | 2.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3561647.23             | $7834403.19                                |
| Month 2  | $-234929.10              | $139521.01                                 |
| Month 3  | $-177032.58              | $2940682.61                                |

**Designated Index Information**

- **Index Name:** The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio.

- **Index Identifier:** N/A

### 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 CALIF DEPT WTR & PWR                           | LOS ANGELES CA DE V/R 07/01/35 | CUSIP: 544495DV3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 1.37%             | 2035-07-01      | Variable      | 0.41%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPT WTR & PWR                           | LOS ANGELES CA DEP 5% 07/01/48 | CUSIP: 544525XF0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079900.20   | 0.99%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS OSOS CALIF CMNTY SVCS WASTEWATER ASSMT DIST NO 1       | LOS OSOS CA CM 3.125% 09/02/32 | CUSIP: 54559PBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $411977.06    | 0.38%             | 2032-09-02      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| MARINA CALIF REDEV AGY SUCCESSOR AGY                       | MARINA CA REDEV AG 5% 09/01/27 | CUSIP: 568061AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107948.49    | 0.10%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARINA CALIF REDEV AGY SUCCESSOR AGY                       | MARINA CA REDEV AG 5% 09/01/33 | CUSIP: 568061BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267251.83    | 0.24%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MENIFEE CALIF UN SCH DIST                                  | MENIFEE CA UNION S 5% 09/01/44 | CUSIP: 586810Q97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518400.35    | 0.47%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEVERLY HILLS CALIF PUB FING AUTH                          | BEVERLY HILLS CA P 4% 06/01/40 | CUSIP: 088013FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1120497.30   | 1.03%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CALIF                                | CSCDA CMNTY IMPT A 4% 07/01/56 | CUSIP: 126292AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1576536.40   | 1.44%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH                          | CALIFORNIA CMNTY  V/R 02/01/52 | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2251793.51   | 2.06%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MILITARY INSTALLATION DEV AUTH UTAH                        | MILITARY INSTALLAT 4% 06/01/52 | CUSIP: 599772AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $378898.55    | 0.35%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MODESTO CALIF                                              | MODESTO CA SPL TAX 5% 09/01/27 | CUSIP: 607800BW8<br>LEI: 549300PM1CEUCI5R7951 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103726.38    | 0.10%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 4% 07/01/26 | CUSIP: 13048DBM9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $196242.02    | 0.18%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 10/01/39 | CUSIP: 13048DCW6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    900000 | PA      | $894908.61    | 0.82%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORONGO BAND OF MISSION INDIANS CALIF                      | MORONGO BAND OF MI 5% 10/01/42 | CUSIP: 61773RAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202058.86    | 0.19%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORCO CALIF                                                | NORCO CA SPL TAX 5% 09/01/32   | CUSIP: 655534ED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $278041.65    | 0.25%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 10/01/33 | CUSIP: 13048VDR6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    675000 | PA      | $717488.21    | 0.66%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 11/15/42 | CUSIP: 13048VG51<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1662209.55   | 1.52%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO CALIF CMNTY FACS DIST NO 40                        | ONTARIO CA CMNTY F 4% 09/01/35 | CUSIP: 68305EAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $64671.97     | 0.06%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 4% 10/01/34 | CUSIP: 13048VKU1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1102676.76   | 1.01%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CTL FING AUTH                         | CALIFORNIA ST POL V/R 12/01/27 | CUSIP: 130536KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149665.16    | 0.14%             | 2027-12-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| COMPTON CALIF UNI SCH DIST                                 | COMPTON CA UNIF SC 4% 06/01/36 | CUSIP: 204738BE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206250.74    | 0.19%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COTATI-ROHNERT PK CALIF UNI SCH DIST                       | COTATI-ROHNERT PAR 5% 08/01/32 | CUSIP: 221623YS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $229053.26    | 0.21%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DINUBA CALIF JT UN HIGH SCH DIST                           | DINUBA CA JT UNIF  4% 02/01/35 | CUSIP: 254468DE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156164.52    | 0.14%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CALIF                                           | SACRAMENTO CA TRAN 5% 06/01/32 | CUSIP: 786073BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558323.35    | 0.51%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY CALIF                                      | SACRAMENTO CNTY CA 5% 07/01/37 | CUSIP: 786107RW4<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063748.80   | 0.97%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA                                         | SAINT JAMES PARIS V/R 06/01/38 | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $814400.40    | 0.75%             | 2038-06-01      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF PUB FACS FING AUTH                         | SAN DIEGO CA PUBLI 5% 05/15/47 | CUSIP: 79730AKX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1135316.80   | 1.04%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF PUB FACS FING AUTH                         | SAN DIEGO CA PUBLI 5% 08/01/41 | CUSIP: 79730CGE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1152989.42   | 1.06%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA SCH F 4.5% 07/01/26 | CUSIP: 13059TDH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1082438.44   | 0.99%             | 2026-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA SCH FIN 4% 07/01/25 | CUSIP: 13059TEA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199039.56    | 0.18%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA SCH FIN 5% 07/01/32 | CUSIP: 13059TED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201170.74    | 0.18%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA SCH FIN 5% 07/01/27 | CUSIP: 13059TFQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112453.90    | 0.10%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA SCH FIN 5% 07/01/39 | CUSIP: 13059TFT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419232.28    | 0.38%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA SCH FIN 5% 07/01/40 | CUSIP: 13059TGN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $663665.15    | 0.61%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA SCH FIN 4% 07/01/48 | CUSIP: 13059THD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $601827.30    | 0.55%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                              | CALIFORNIA ST 4% 08/01/34      | CUSIP: 13063C6P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77944.58     | 0.07%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                              | CALIFORNIA ST 4% 09/01/33      | CUSIP: 13063CD80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209637.52    | 0.19%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                              | CALIFORNIA ST 5% 10/01/35      | CUSIP: 13063D3H9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5438.39      | 0.00%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MENIFEE CALIF UN SCH DIST                                  | MENIFEE CA UNION S 5% 09/01/34 | CUSIP: 586810Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $263375.32    | 0.24%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING CORP                            | PUERTO RICO SAL 4.55% 07/01/40 | CUSIP: 74529JPV1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    560000 | PA      | $552161.34    | 0.51%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| RANCHO CORDOVA CMNTY FACS DIST CALIF                       | RANCHO CORDOVA CA  5% 09/01/34 | CUSIP: 75211RLC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $237277.22    | 0.22%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CALIF UNI SCH DIST                               | SAN DIEGO CA UNIF  5% 07/01/42 | CUSIP: 797356FS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1708228.95   | 1.56%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CALIF REGL ARPT AUTH                        | SAN DIEGO CNTY CA  5% 07/01/39 | CUSIP: 79739GLD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $141828.53    | 0.13%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 07/01/32 | CUSIP: 13048T4F7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $214427.76    | 0.20%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 4% 10/01/36 | CUSIP: 13048VKW7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505532.55    | 0.46%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST M 5.25% 11/01/34 | CUSIP: 130493CH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $577248.70    | 0.53%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST M 5.25% 11/01/36 | CUSIP: 130493CK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $562003.40    | 0.51%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 11/15/49 | CUSIP: 13049RBG0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $471809.80    | 0.43%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST  2.125% 11/15/26 | CUSIP: 13049RBU9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    615000 | PA      | $567687.50    | 0.52%             | 2026-11-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST M 5.25% 08/15/49 | CUSIP: 13049SBE3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    605000 | PA      | $616029.21    | 0.56%             | 2049-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 4% 08/15/41 | CUSIP: 13049SEQ3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    295000 | PA      | $279161.27    | 0.26%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 4% 08/15/51 | CUSIP: 13049SER1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    435000 | PA      | $392261.16    | 0.36%             | 2051-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 05/15/27 | CUSIP: 13049YAV3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    550000 | PA      | $581385.81    | 0.53%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 05/15/40 | CUSIP: 13049YBJ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    350000 | PA      | $361323.83    | 0.33%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 4% 07/15/29 | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    700000 | PA      | $694487.78    | 0.64%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAMARILLO CALIF CMNTY DEV COMMN                            | CAMARILLO CA CMNTY 5% 09/01/30 | CUSIP: 13177UBK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $332572.92    | 0.30%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL                                                | CHICAGO IL ZCP 01/01/24        | CUSIP: 167486DD8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    135000 | PA      | $130700.74    | 0.12%             | 2024-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CTL FING AUTH                         | CALIFORNIA ST POLL 5% 07/01/37 | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504156.95   | 1.38%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUB FIN AUTH                                    | CALIFORNIA PUBLIC  4% 10/15/28 | CUSIP: 13057EDV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $373036.14    | 0.34%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUB FIN AUTH                                    | CALIFORNIA PUBLIC  5% 11/15/36 | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $281542.61    | 0.26%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUB FIN AUTH                                    | CALIFORNIA PUBLIC  5% 11/15/56 | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $217516.28    | 0.20%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUB FIN AUTH                                    | CALIFORNIA PUB 2.375% 11/15/28 | CUSIP: 13057GAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $707262.98    | 0.65%             | 2028-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA ST SCH  5% 06/01/25 | CUSIP: 13058TFL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103699.49    | 0.10%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA ST SCH  4% 07/01/30 | CUSIP: 13058TJJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $571772.82    | 0.52%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                              | CALIFORNIA ST 5% 10/01/35      | CUSIP: 13063D3L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $102071.00    | 0.09%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODINE RD NORTH CMNTY DEV DIST FLA                        | RHODINE ROAD NORTH 4% 05/01/30 | CUSIP: 762402AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $237960.76    | 0.22%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIPON CALIF REDEV AGY                                      | RIPON CA REDEV AGY 4% 11/01/31 | CUSIP: 767491AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $576158.47    | 0.53%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CALIF UNI SCH DIST                               | RIVERSIDE CA UNIF  3% 08/01/38 | CUSIP: 769059ZT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $529067.51    | 0.48%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CALIF UNI SCH DIST                               | RIVERSIDE CA UNIF  5% 09/01/34 | CUSIP: 769066AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $195074.08    | 0.18%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CALIF                                            | ROSEVILLE CA SPL T 4% 09/01/34 | CUSIP: 777870F50<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    170000 | PA      | $172915.87    | 0.16%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN                | SAN FRANCISCO CALI 5% 05/01/37 | CUSIP: 79766DTB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $152221.15    | 0.14%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA ST SCH  5% 06/01/31 | CUSIP: 13058TFW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $222449.91    | 0.20%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA ST SCH  5% 06/01/37 | CUSIP: 13058TFY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $296055.15    | 0.27%             | 2037-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA ST SCH  5% 06/01/30 | CUSIP: 13058TJB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $578424.34    | 0.53%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA ST SCH  5% 06/01/40 | CUSIP: 13058TJC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $335622.83    | 0.31%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA ST SCH  5% 10/01/32 | CUSIP: 13058TPZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $771662.43    | 0.71%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA SCH FIN 5% 07/01/30 | CUSIP: 13059TBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $264904.33    | 0.24%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH                                    | CALIFORNIA SCH FIN 5% 07/01/34 | CUSIP: 13059TGH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $525512.80    | 0.48%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                              | CALIFORNIA ST 5% 11/01/39      | CUSIP: 13063DSQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113294.80   | 1.02%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA STWD CM 5% 04/01/27 | CUSIP: 13080SRR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $265309.54    | 0.24%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA STWD CM 4% 04/01/32 | CUSIP: 13080SRW6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51305.60     | 0.05%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA STWD CM 5% 12/01/33 | CUSIP: 13080SVJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    300000 | PA      | $311706.81    | 0.29%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA STWD C V/R 04/01/36 | CUSIP: 13080SXZ2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    705000 | PA      | $822615.01    | 0.75%             | 2036-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FOLSOM RANCH FING AUTH CALIF                               | FOLSOM RANCH CA FI 5% 09/01/32 | CUSIP: 344414BE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $370828.57    | 0.34%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CALIF                                              | FONTANA CA SPL TAX 5% 09/01/29 | CUSIP: 344630SK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $167955.95    | 0.15%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CALIF                                              | FONTANA CA SPL TAX 5% 09/01/46 | CUSIP: 344630SV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514638.30    | 0.47%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS PUB FING AUTH CALIF                          | RIVER ISLANDS CA P 5% 09/01/40 | CUSIP: 76827QEM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498425.75    | 0.46%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CALIF                                            | RIVERSIDE CA WTR R 5% 10/01/47 | CUSIP: 769076WC0<br>LEI: 549300FG48YQF1N4C302 | Long             | DBT              | MUN               | US        |    750000 | PA      | $851017.28    | 0.78%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CALIF TRANSN COMMN                          | RIVERSIDE CNTY CA  4% 06/01/40 | CUSIP: 76912DAX6<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1038100.03   | 0.95%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CALIF                                            | ROSEVILLE CA SPL T 5% 09/01/32 | CUSIP: 777870F35<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    185000 | PA      | $200542.07    | 0.18%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CALIF                                            | ROSEVILLE CA SPL T 5% 09/01/33 | CUSIP: 777870F43<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    160000 | PA      | $172811.39    | 0.16%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CALIF                                       | SAN DIEGO CNTY CA  4% 09/01/33 | CUSIP: 79743ABL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $87527.04     | 0.08%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CNTY CALIF TRANSN AUTH                           | SAN MATEO CNTY CA V/R 06/01/49 | CUSIP: 79905CAB9<br>LEI: 549300U6SCSE62UXKI22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.92%             | 2049-06-01      | Variable      | 0.40%                 | No            |                  2 | On Loan: No      |
| SANGER CALIF FING AUTH                                     | SANGER CA FING AUT 5% 06/15/34 | CUSIP: 80083TAX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1577000.40   | 1.44%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARITA CALIF CMNTY FACS DIST                        | SANTA CLARITA CA C 4% 09/01/35 | CUSIP: 801687CS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $803137.60    | 0.74%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VY CALIF WTR DIST                              | SANTA CLARA VLY CA 5% 08/01/40 | CUSIP: 80168EAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $587219.95    | 0.54%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH                          | CALIFORNIA CMNTY  V/R 10/01/52 | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20305.59     | 0.02%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY               | CALIFORNIA CNTY CA 4% 06/01/35 | CUSIP: 13016NET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202529.96    | 0.19%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY               | CALIFORNIA CNTY CA 4% 06/01/39 | CUSIP: 13016NEX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196924.66    | 0.18%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY               | CALIFORNIA CNTY CA 4% 06/01/35 | CUSIP: 13016NGS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202678.90    | 0.19%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACS FING AUTH                           | CALIFORNIA ST HLTH 5% 11/15/33 | CUSIP: 13032UDP0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    220000 | PA      | $238811.52    | 0.22%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACS FING AUTH                           | CALIFORNIA ST HLTH 5% 11/15/30 | CUSIP: 13032URD2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $278462.23    | 0.26%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACS FING AUTH                           | CALIFORNIA ST HLTH 4% 04/01/36 | CUSIP: 13032UWX2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014377.40   | 0.93%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACS FING AUTH                           | CALIFORNIA ST HLT V/R 08/15/54 | CUSIP: 13032UYT9<br>LEI: 5493005311WCPXQGDG42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008112.40   | 0.92%             | 2054-08-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY                                     | CALIFORNIA HSG F M             | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    426939 | PA      | $426901.74    | 0.39%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK                | CALIFORNIA ST INFR 4% 11/01/39 | CUSIP: 13035ABN8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    500000 | PA      | $494662.35    | 0.45%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK                | CALIFORNIA ST INFR 5% 11/01/38 | CUSIP: 13035ACV9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086192.40   | 1.00%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST  5.375% 07/01/34 | CUSIP: 130486AH6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253672.85    | 0.23%             | 2034-07-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MU 5.5% 06/01/38 | CUSIP: 13048DCE6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253161.05    | 0.23%             | 2038-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ANTELOPE VY-EAST KERN CALIF WTR AGY                        | ANTELOPE VLY-E KER 5% 06/01/35 | CUSIP: 03672YAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $232225.56    | 0.21%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEAUMONT CALIF                                             | BEAUMONT CA SPL TA 4% 09/01/33 | CUSIP: 074433GV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101852.47    | 0.09%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BEAUMONT CALIF                                             | BEAUMONT CA SPL TA 4% 09/01/34 | CUSIP: 074433GW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $177388.51    | 0.16%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BEAUMONT CALIF                                             | BEAUMONT CA SPL TA 4% 09/01/40 | CUSIP: 074433HA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $593741.02    | 0.54%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST  5.375% 07/01/34 | CUSIP: 130486AM5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251761.40    | 0.23%             | 2034-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 07/01/38 | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    450000 | PA      | $438190.83    | 0.40%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CTL FING AUTH                         | CALIFORNIA ST POL V/R 08/01/23 | CUSIP: 130536PR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000019.20   | 0.92%             | 2023-08-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CTL FING AUTH                         | CALIFORNIA ST  3.375% 07/01/25 | CUSIP: 130536QR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $597990.90    | 0.55%             | 2025-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CTL FING AUTH                         | CALIFORNIA ST PO 4.3% 07/01/40 | CUSIP: 130536QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012091.40   | 0.93%             | 2040-07-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                              | CALIFORNIA ST 4% 03/01/36      | CUSIP: 13063DUD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059782.10   | 0.97%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUB WKS BRD                                  | CALIFORNIA ST PUBL 5% 11/01/26 | CUSIP: 13068L2N4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $343063.05    | 0.31%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA ST STWD 4% 09/01/41 | CUSIP: 13077EKP4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $470685.50    | 0.43%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA ST STWD 5% 05/15/30 | CUSIP: 13078RGC8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208904.56    | 0.19%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA STWD CM 5% 04/01/30 | CUSIP: 13080SRU0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108339.95    | 0.10%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA STWD CM 5% 04/01/31 | CUSIP: 13080SRV8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    175000 | PA      | $189256.78    | 0.17%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA STWD CM 5% 11/01/32 | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257967.85    | 0.24%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMPTON CALIF UNI SCH DIST                                 | COMPTON CA UNIF SC 4% 06/01/35 | CUSIP: 204738BD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260242.38    | 0.24%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DEL MAR CALIF                                              | DEL MAR CA UNION S 4% 09/01/34 | CUSIP: 245157EB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $299026.34    | 0.27%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOB SECURITIZATION CORP CALIF                    | GOLDEN ST TOBACCO  5% 06/01/26 | CUSIP: 38122NZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $371934.74    | 0.34%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOB SECURITIZATION CORP CALIF                    | GOLDEN ST TOBACCO  5% 06/01/34 | CUSIP: 38122NZR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $863830.73    | 0.79%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                | HOUSTON TX ARPT SY 5% 07/15/27 | CUSIP: 442349DH6<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | MUN               | US        |    370000 | PA      | $380344.46    | 0.35%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE CALIF UNI SCH DIST                                  | IRVINE CA UNIF SCH 5% 09/01/31 | CUSIP: 463612KM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160908.95    | 0.15%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KERN CALIF CMNTY COLLEGE DIST                              | KERN CA CMNTY C 5.25% 08/01/39 | CUSIP: 492244GR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1177675.40   | 1.08%             | 2039-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KING CITY CALIF UN SCH DIST                                | KING CITY CA UNIO ZCP 08/01/29 | CUSIP: 494710CK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $399313.84    | 0.37%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LAMMERSVILLE CALIF JT UNI SCH DIST                         | LAMMERSVILLE CA JT 4% 09/01/33 | CUSIP: 513533EW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25574.23     | 0.02%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAMMERSVILLE CALIF JT UNI SCH DIST                         | LAMMERSVILLE CA JT 4% 09/01/34 | CUSIP: 513533EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25402.72     | 0.02%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAMMERSVILLE CALIF JT UNI SCH DIST                         | LAMMERSVILLE CA JT 4% 09/01/40 | CUSIP: 513533EZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $193201.02    | 0.18%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CALIF                                           | LONG BEACH CA ARPT 5% 06/01/30 | CUSIP: 542403CK4<br>LEI: 549300XH3OUOL3JO1O51 | Long             | DBT              | MUN               | US        |    225000 | PA      | $266912.15    | 0.24%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CALIF                                           | LONG BEACH CA A 5.25% 06/01/47 | CUSIP: 542403DR8<br>LEI: 549300XH3OUOL3JO1O51 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545560.45    | 0.50%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CALIF BD FIN AUTH                               | LONG BEACH CA BO 5.5% 11/15/30 | CUSIP: 54241AAW3<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |    750000 | PA      | $845268.38    | 0.77%             | 2030-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPT ARPTS                               | LOS ANGELES CA DEP 5% 05/15/32 | CUSIP: 544445GQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $512682.19    | 0.47%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RANCHO CORDOVA CMNTY FACS DIST CALIF                       | RANCHO CORDOVA CA  5% 09/01/33 | CUSIP: 75211RLB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $227262.08    | 0.21%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RANCHO CORDOVA CMNTY FACS DIST CALIF                       | RANCHO CORDOVA CA  5% 09/01/39 | CUSIP: 75211RLD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $359124.52    | 0.33%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY DEV SPL TAX DIST NO 2020-1 | SAN FRANCISCO CA C 4% 09/01/46 | CUSIP: 79771HAE3<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    500000 | PA      | $437578.50    | 0.40%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BEAUMONT CALIF                                             | BEAUMONT CA SPL TA 4% 09/01/36 | CUSIP: 074433HB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $328082.44    | 0.30%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH                      | BUCKEYE OH TOBACCO 5% 06/01/55 | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $620752.34    | 0.57%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 11/15/26 | CUSIP: 13048T5M1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    110000 | PA      | $121299.63    | 0.11%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 11/15/27 | CUSIP: 13048T5N9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    435000 | PA      | $491181.60    | 0.45%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 01/01/33 | CUSIP: 13048T6D0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266061.53    | 0.24%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 02/01/36 | CUSIP: 13048TR70<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    475000 | PA      | $501480.30    | 0.46%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 10/01/37 | CUSIP: 13048TX24<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    155000 | PA      | $162499.16    | 0.15%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 4% 11/01/41 | CUSIP: 13048VB64<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    575000 | PA      | $531429.03    | 0.49%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 10/01/30 | CUSIP: 13048VDN5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    225000 | PA      | $240733.49    | 0.22%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                    | CALIFORNIA ST MUNI 5% 10/01/32 | CUSIP: 13048VDQ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    225000 | PA      | $239901.10    | 0.22%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUB WKS BRD                                  | CALIFORNIA ST PUBL 5% 06/01/34 | CUSIP: 13068LUW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15931.13     | 0.01%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA ST STWD 5% 05/15/35 | CUSIP: 13078RGH7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    280000 | PA      | $288699.52    | 0.26%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA ST STWD 4% 09/02/31 | CUSIP: 13078YSW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1183846.60   | 1.08%             | 2031-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA ST STW V/R 03/01/26 | CUSIP: 13079PYY3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000650.20   | 0.92%             | 2026-03-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA STWD CM 5% 08/15/33 | CUSIP: 13080SKW3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54378.14     | 0.05%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA STWD CM 5% 12/01/30 | CUSIP: 13080SMF8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259900.23    | 0.24%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHINO CALIF CMNTY FACS DIST                                | CHINO CA CMNTY FAC 5% 09/01/31 | CUSIP: 169511TE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $488292.93    | 0.45%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                     | F/C US 10YR NOTE (CBT)MAR23    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -13 | NC      | $-16250.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                     | F/C US 10YR ULTRA FUT MAR23    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -49 | NC      | $-49435.30    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| LOS ANGELES CALIF DEPT ARPTS                               | LOS ANGELES CA DEP 5% 05/15/33 | CUSIP: 544445R84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1089200.37   | 1.00%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PLEASANTON CALIF UNI SCH DIST                              | PLEASANTON CA UNIF 3% 08/01/36 | CUSIP: 728835E88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $710692.50    | 0.65%             | 2036-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                        | PUERTO RICO CMWLTH 4% 07/01/33 | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937344.40    | 0.86%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEMESCAL VY CALIF WTR DIST                                 | TEMESCAL VLY CA WT 5% 09/01/31 | CUSIP: 87975CAM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535195.95    | 0.49%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRACY CALIF CMNTY FACS DIST                                | TRACY CA CMNTY FAC 5% 09/01/33 | CUSIP: 892376QX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266799.58    | 0.24%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSBAY JT PWRS AUTH CALIF                                | TRANSBAY JT POWERS 5% 10/01/33 | CUSIP: 89356CAK2<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    525000 | PA      | $583809.77    | 0.53%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TUSTIN CALIF CMNTY FACS DIST                               | TUSTIN CA CMNTY FA 5% 09/01/35 | CUSIP: 901047GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $891646.94    | 0.82%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV CALIF REGTS MED CTR                                   | UNIV OF CALIFORNI V/R 05/15/32 | CUSIP: 913366AW0<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.46%             | 2032-05-15      | Variable      | 0.45%                 | No            |                  2 | On Loan: No      |
| WESTERN PLACER CALIF WASTE MGMT AUTH                       | WESTERN PLACER WST 5% 06/01/42 | CUSIP: 95921MBL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1399714.74   | 1.28%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CALIF REGL ARPT AUTH                        | SAN DIEGO CNTY CA  5% 07/01/30 | CUSIP: 79739GFG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $390512.92    | 0.36%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST BAY CALIF MUN UTIL DIST                               | EAST BAY CA MUNI U 5% 06/01/38 | CUSIP: 271014J37<br>LEI: 549300IZZ5HKLDKRTF96 | Long             | DBT              | MUN               | US        |    920000 | PA      | $1040262.40   | 0.95%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CALIF                                            | ROSEVILLE CA SPL T 4% 09/01/35 | CUSIP: 777870F68<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151107.98    | 0.14%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE CALIF                                            | ROSEVILLE CA SPL T 4% 09/01/33 | CUSIP: 777870V52<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    225000 | PA      | $229917.74    | 0.21%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CALIF                                           | SACRAMENTO CA SPL  5% 09/01/32 | CUSIP: 786071LZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210985.28    | 0.19%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CALIF REGL ARPT AUTH                        | SAN DIEGO CNTY CA  5% 07/01/34 | CUSIP: 79739GNL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1124688.80   | 1.03%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CALIF                                       | SAN DIEGO CNTY CA  5% 11/01/28 | CUSIP: 79742YAN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $549580.08    | 0.50%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY                            | SAN FRANCISCO CITY 2% 06/15/29 | CUSIP: 7976467Q3<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    935000 | PA      | $906123.46    | 0.83%             | 2029-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN                | SAN FRANCISCO CALI 5% 05/01/34 | CUSIP: 79766DTN9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2253112.00   | 2.06%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY REDEV AGY SUCCESSOR AGY    | SAN FRANCISCO CITY 5% 08/01/35 | CUSIP: 79770GEQ5<br>LEI: 5493001TPOZL3UK8DX25 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107257.12    | 0.10%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY                | SAN JOAQUIN HILLS ZCP 01/15/29 | CUSIP: 798111DD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $143604.44    | 0.13%             | 2029-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY                | SAN JOAQUIN HILLS  5% 01/15/29 | CUSIP: 798111GG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1581504.75   | 1.45%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY                | SAN JOAQUIN HILLS  4% 01/15/37 | CUSIP: 798111GW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123003.54    | 0.11%             | 2037-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN LUIS OBISPO CNTY CALIF FING AUTH                       | SAN LUIS OBISPO 5.25% 11/15/40 | CUSIP: 798712CZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143291.50   | 1.05%             | 2040-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VY CALIF WTR DIST                              | SANTA CLARA VLY CA 5% 08/01/41 | CUSIP: 80168EAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $584925.25    | 0.54%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIMI VALLEY CALIF UNI SCH DIST                             | SIMI VLY CA UNIF S 4% 08/01/38 | CUSIP: 828641XH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $755671.79    | 0.69%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEMECULA VY CALIF UNI SCH DIST CMNTY FACS DIST             | TEMECULA VLY CA UN 5% 09/01/32 | CUSIP: 87970HMF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160122.03    | 0.15%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CALIF                                              | FONTANA CA SPL TAX 4% 09/01/32 | CUSIP: 344630WV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $246809.62    | 0.23%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CALIF UNI SCH DIST                                 | FONTANA CA UNIF S ZCP 02/01/33 | CUSIP: 344640XE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $120532.50    | 0.11%             | 2033-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TEMECULA VY CALIF UNI SCH DIST                             | TEMECULA VLY UNIF  5% 09/01/34 | CUSIP: 87975BAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419449.16    | 0.38%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRESNO CALIF JT PWRS FING AUTH                             | FRESNO CA JT PWRS  5% 04/01/32 | CUSIP: 358184PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $155320.73    | 0.14%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL DORADO CALIF IRR DIST                                   | EL DORADO CA IRR D 4% 03/01/34 | CUSIP: 283062CE5<br>LEI: 54930090GZM9I8KVSN04 | Long             | DBT              | MUN               | US        |    755000 | PA      | $787000.00    | 0.72%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ELK GROVE CALIF FIN AUTH                                   | ELK GROVE CA FIN A 4% 09/01/50 | CUSIP: 287254GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1300542.99   | 1.19%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOB SECURITIZATION CORP CALIF                    | GOLDEN ST TOBACCO  5% 06/01/51 | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063773.50   | 0.97%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT                                                  | GUAM GOVT BUSINESS 5% 11/15/32 | CUSIP: 40065NCD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103466.40    | 0.09%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPT ARPTS                               | LOS ANGELES CA DEP 5% 05/15/28 | CUSIP: 5444358B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10651.90     | 0.01%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPT ARPTS                               | LOS ANGELES CA DEP 5% 05/15/33 | CUSIP: 544445P94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $58047.41     | 0.05%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATOMAS UN SCH DIST CALIF                                  | NATOMAS CA UNIF SC 3% 08/01/36 | CUSIP: 63877NLL9<br>LEI: 5493003NJ3RTOZO25E38 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1056562.85   | 0.97%             | 2036-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN CALIF ENERGY AUTH                                 | NRTHRN CA ENERGY  V/R 07/01/49 | CUSIP: 664840AD7<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006083.00   | 0.92%             | 2049-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO CALIF CMNTY FACS DIST NO 40                        | ONTARIO CA CMNTY F 4% 09/01/34 | CUSIP: 68305EAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101083.95    | 0.09%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONTARIO CALIF CMNTY FACS DIST NO 40                        | ONTARIO CA CMNTY F 4% 09/01/39 | CUSIP: 68305EAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $261264.88    | 0.24%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALM DESERT CALIF                                          | PALM DESERT CA SPL 4% 09/01/51 | CUSIP: 696627ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $588948.69    | 0.54%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALOMAR HEALTH CALIF                                       | PALOMAR HLTH CA RE 5% 11/01/31 | CUSIP: 697528AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264398.73    | 0.24%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARKLAND PRESV CMNTY DEV DIST FLA                          | PARKLAND PRESERV 4.5% 05/01/24 | CUSIP: 701403AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105223.77    | 0.10%             | 2024-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING CORP                            | PUERTO RICO SA 4.329% 07/01/40 | CUSIP: 74529JRH0<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |    305000 | PA      | $292745.89    | 0.27%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                       | CALIFORNIA STWD C V/R 03/01/37 | CUSIP: 13080SYC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $414858.17    | 0.38%             | 2037-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** First Trust Exchange-Traded Fund III

**Signature:** Donald P. Swade

**Name of Signer:** First Trust Exchange-Traded Fund III

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