# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000940400-26-012089
**Filing Date:** 2026-3
**Character Count:** 202682
**Document Hash:** 8f832b1e8a1d1674a97248566763f0c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-012089.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000940400-26-012089

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Putnam ETF Trust
- **CENTRAL INDEX KEY:** 0001845809

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23643
- **FILM NUMBER:** 26812436

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111
- **BUSINESS PHONE:** 6177601060

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111

## Series and Classes Contracts Data

### Franklin Municipal High Yield ETF (Series ID: S000094552)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000263085 | Franklin Municipal High Yield ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam ETF Trust

- **b. Investment Company Act file number:** 811-23643

- **c. CIK number of Registrant:** 0001845809

- **d. LEI of Registrant:** 549300EMFKH8ETCKNO35

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin Municipal High Yield ETF

- **b. EDGAR series identifier (if any):** S000094552

- **c. LEI of Series:** 254900EWN0FQP3MFYF62

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

- **a. Date of fiscal year-end:** 2026-07-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $582898846.24

**Total Liabilities:** $39682994.01

**Net Assets:** $543215852.23

**Delayed Delivery Securities:** $982360.00

**Cash Not Reported:** $478790.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 271.42380000 | **1-Year:** 3835.21122000 | **5-Year:** 56835.24203000 | **10-Year:** 265785.05029000 | **30-Year:** 18285.28832000

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

- **3-Month:** 162.75562000 | **1-Year:** 1135.79704000 | **5-Year:** 15060.79958000 | **10-Year:** 59666.95634000 | **30-Year:** 1614.05044000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263085 | 0.52%                | -0.00%               | 0.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $132723.24               | $300942.64                                 |
| Month 2  | $-500261.44              | $-2209834.72                               |
| Month 3  | $19343.42                | $893719.39                                 |

**Designated Index Information**

- **Index Name:** BTMNTR Index

- **Index Identifier:** BM10506

### Schedule of Portfolio Investments

| Name                                                                    | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                             | US ULTRA BOND CBT                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -225 | NC      | $722146.86    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MESQUITE TX SPL ASSMNT REVENUE                                          | City of Mesquite TX                                                              | CUSIP: 590771BN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $173128.52    | 0.03%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                                           | Arlington Higher Education Finance Corp                                          | CUSIP: 041806L73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $689723.75    | 0.13%             | 2046-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| E-470 CO PUBLIC HIGHWAY AUTH                                            | E-470 Public Highway Authority                                                   | CUSIP: 26822LLT9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $536134.80    | 0.10%             | 2041-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                                           | Texas Transportation Commission State Highway 249 System                         | CUSIP: 88283NAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $818346.45    | 0.15%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                 | Port Authority of New York & New Jersey (TOBs)                                   | CUSIP: 73358W4C5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4485000 | PA      | $4561161.42   | 0.84%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                                          | California Infrastructure & Economic Development Bank                            | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    565000 | PA      | $423750.00    | 0.08%             | 2065-01-01      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ INDL DEV AUTH                                           | Sierra Vista Industrial Development Authority                                    | CUSIP: 82652UAY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $600075.56    | 0.11%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE                                          | Public Finance Authority                                                         | CUSIP: 744396KG6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910158.10    | 0.17%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                                           | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $189629.13    | 0.03%             | 2031-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                                          | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628C3B6<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1076913.36   | 0.20%             | 2059-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                              | City of Chicago IL                                                               | CUSIP: 167486E21<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998018.60    | 0.18%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS                                          | Ohio Higher Educational Facility Commission                                      | CUSIP: 67756DRV0<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    750000 | PA      | $664528.20    | 0.12%             | 2048-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                                          | Massachusetts Development Finance Agency                                         | CUSIP: 57584YN39<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2106476.38   | 0.39%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    109000 | PA      | $97574.25     | 0.02%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ED                                          | California Municipal Finance Authority                                           | CUSIP: 130497AX8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $628913.70    | 0.12%             | 2054-06-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MILLSBORO DE SPL OBLG                                                   | Town of Millsboro DE                                                             | CUSIP: 601266AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1503186.35   | 0.28%             | 2038-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JUSTIN TX SPL ASSMNT REVENUE                                            | City of Justin TX                                                                | CUSIP: 482184AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206941.96    | 0.04%             | 2045-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DEL WEBB OAK CREEK CDD FL SPL                                           | Del Webb Oak Creek Community Development District                                | CUSIP: 245509AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $567411.53    | 0.10%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DESERTXPRESS ENTERPRISES LLC                                            | DesertXpress Enterprises LLC                                                     | CUSIP: 05594N118<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |     12600 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LOWRY CROSSING TX SPL ASSMNT R                                          | City of Lowry Crossing TX                                                        | CUSIP: 54877WAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1507000 | PA      | $1541023.24   | 0.28%             | 2055-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Putnam Government Money Market Fund                                     | Putnam Government Money Market Fund                                              | CUSIP: 74680A869<br>LEI: 549300SEUI2XMME8T893 | Long             | STIV             | RF                | US        |  25375862 | NS      | $25375861.97  | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                                                | District of Columbia                                                             | CUSIP: 25483VYC2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    700000 | PA      | $597350.46    | 0.11%             | 2061-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GAS WORX CDD FL SPL ASSMNT                                              | Gas Worx Community Development District                                          | CUSIP: 367200AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $270573.67    | 0.05%             | 2057-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WOODCREEK CDD FL                                                        | Woodcreek Community Development District                                         | CUSIP: 97925TAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484666.10    | 0.09%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EA MCKINNON GROVES CDD FL CAPI                                          | EA McKinnon Groves Community Development District                                | CUSIP: 26832JAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $669672.02    | 0.12%             | 2056-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PARKSIDE TRAILS CDD FL SPL ASS                                          | Parkside Trails Community Development District                                   | CUSIP: 70147QAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $714983.47    | 0.13%             | 2055-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ED                                          | California Municipal Finance Authority                                           | CUSIP: 130497AY6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1157981.88   | 0.21%             | 2064-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $76394.93     | 0.01%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL INDL DEV AUTH                                          | Seminole County Industrial Development Authority                                 | CUSIP: 816686AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $639352.74    | 0.12%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                                           | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $210648.35    | 0.04%             | 2052-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STERLING RANCH CMNTY AUTH BRD                                           | Sterling Ranch Community Authority Board                                         | CUSIP: 85950TAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    523000 | PA      | $537841.85    | 0.10%             | 2043-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MILLSBORO DE SPL OBLG                                                   | Town of Millsboro DE                                                             | CUSIP: 601266AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $1939446.43   | 0.36%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRIDLE CREEK CDD FL CAPITAL IM                                          | Bridle Creek Community Development District                                      | CUSIP: 108860AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $488662.85    | 0.09%             | 2056-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU                                          | City of Princeton TX                                                             | CUSIP: 742400DQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $474645.13    | 0.09%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                                          | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JJF1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1542289.35   | 0.28%             | 2059-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH LTD OBLIG                                          | Michigan Finance Authority                                                       | CUSIP: 594479GQ4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $756238.80    | 0.14%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAM LAKE MN CHRT SCH LEASE REV                                          | City of Ham Lake MN                                                              | CUSIP: 406511AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $848639.40    | 0.16%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MI ECON DEV CORP                                           | Grand Rapids Economic Development Corp                                           | CUSIP: 386246HK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000672.20   | 0.18%             | 2060-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                                          | Maricopa County Industrial Development Authority                                 | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3945911.25   | 0.73%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH                                           | Kentucky Economic Development Finance Authority                                  | CUSIP: 49126PFF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1945993.80   | 0.36%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLOWBROOK CDD FL SPL ASSMNT                                           | Willowbrook Community Development District                                       | CUSIP: 971227AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151099.89    | 0.03%             | 2056-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUFFOLK VA ECON DEV AUTH RETMN                                          | Suffolk Economic Development Authority                                           | CUSIP: 86482NAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503676.95   | 0.28%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NASHVILLE MET DEV & HSG AGY TN                                          | Nashville Metropolitan Development & Housing Agency                              | CUSIP: 591874AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1272854.63   | 0.23%             | 2036-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH EN                                          | New Jersey Economic Development Authority                                        | CUSIP: 64577QAF8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000384.00   | 0.18%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE                                          | Delaware State Economic Development Authority                                    | CUSIP: 246387RV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700985.25    | 0.13%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANNA TX SPL ASSMNT REVENUE                                              | City of Anna TX                                                                  | CUSIP: 035713BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    131000 | PA      | $131069.53    | 0.02%             | 2055-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                        | New York State Thruway Authority (TOBs)                                          | CUSIP: 650028ZP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7391931.09   | 1.36%             | 2054-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                                          | Washington State Housing Finance Commission                                      | CUSIP: 93978LGP5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2651123.00   | 0.49%             | 2053-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                              | Public Finance Authority                                                         | CUSIP: 74442PAV7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500725.55   | 0.28%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP                                          | New Jersey Economic Development Authority                                        | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004007.70   | 0.18%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WEST CENTRL OHIO PORT AUTH OH                                           | West Central Ohio Port Authority                                                 | CUSIP: 95184AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $509560.83    | 0.09%             | 2058-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SKYRIDGE PEGASUS INFRASTRUCTUR                                          | SkyRidge Pegasus Infrastructure Financing District                               | CUSIP: 83089AAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $697078.34    | 0.13%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN                                          | Florida Development Finance Corp                                                 | CUSIP: 34061UHZ4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1852612.43   | 0.34%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DAYTON TX SPL ASSMNT REVENUE                                            | City of Dayton TX                                                                | CUSIP: 240094AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $638795.17    | 0.12%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                              | Public Finance Authority                                                         | CUSIP: 74442PPU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3247484.56   | 0.60%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY PA MUNI AUTH                                            | Cumberland County Municipal Authority                                            | CUSIP: 230614PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962302.20    | 0.18%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY OH HOSP REVENU                                          | County of Washington OH                                                          | CUSIP: 938154DX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $771201.15    | 0.14%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WARM SPRINGS OR RESERVATION CO                                          | Warm Springs Reservation Confederated Tribe                                      | CUSIP: 934312AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $735150.22    | 0.14%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH F                                          | Industrial Development Authority of the City of St Louis Missouri/The            | CUSIP: 85236BAC6<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1431424.64   | 0.26%             | 2047-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                                          | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704MBT2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $885131.30    | 0.16%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                                          | Massachusetts Development Finance Agency                                         | CUSIP: 57584YN21<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    750000 | PA      | $636348.98    | 0.12%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI MF AFFORDAB                                          | Public Finance Authority                                                         | CUSIP: 74448FAA9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2460202.89   | 0.45%             | 2036-04-28      | Fixed         | 6.81%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    141000 | PA      | $116936.55    | 0.02%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                                           | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20774YJ32<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965876.80    | 0.18%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTERVILLE OH HLTH CARE REVEN                                          | City of Centerville OH                                                           | CUSIP: 152241AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1911713.00   | 0.35%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                                                | Iowa Finance Authority                                                           | CUSIP: 46247SFF6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1552606.44   | 0.29%             | 2053-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                       | City & County of Denver CO Airport System Revenue (TOBs)                         | CUSIP: 249182TF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5675000 | PA      | $6432480.14   | 1.18%             | 2037-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CMFA SPL FIN AGY I CA ESSENTIA                                          | CMFA Special Finance Agency I                                                    | CUSIP: 12574TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2637688.55   | 0.49%             | 2056-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                          | New York Transportation Development Corp                                         | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1098998.31   | 0.20%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WOODLAND CROSSING CDD FL SPL A                                          | Woodland Crossing Community Development District                                 | CUSIP: 979583AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $118391.35    | 0.02%             | 2045-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WARM SPRINGS OR RESERVATION CO                                          | Warm Springs Reservation Confederated Tribe                                      | CUSIP: 934312AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $385790.08    | 0.07%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| POINT PHASE 1 PUB INFRASTRUCTU                                          | Point Phase 1 Public Infrastructure District No 1                                | CUSIP: 73058EAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1089083.42   | 0.20%             | 2055-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MANSFIELD TX SPL ASSMNT REVENU                                          | City of Mansfield TX                                                             | CUSIP: 56439QAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $873397.70    | 0.16%             | 2055-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                                          | North Carolina Medical Care Commission                                           | CUSIP: 65821DYT2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2359384.25   | 0.43%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY AL INDL DEV AUTH                                           | Baldwin County Industrial Development Authority                                  | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1278411.63   | 0.24%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PA INDL DEV AUTH                                              | Lancaster Industrial Development Authority                                       | CUSIP: 514349CX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1014650.75   | 0.19%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI POOLED CHRT                                          | Public Finance Authority                                                         | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2835063 | PA      | $2961924.64   | 0.55%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JAMES CITY CNTY VA ECON DEV AU                                          | James City County Economic Development Authority                                 | CUSIP: 47029WEG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081323.70   | 0.20%             | 2058-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FEED MILL CDD FL CAPITAL IMPT                                           | Feed Mill Community Development District                                         | CUSIP: 31434PAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602945.82    | 0.11%             | 2056-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP                                          | New Jersey Economic Development Authority                                        | CUSIP: 64578CBU4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005048.80   | 0.37%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOC GOVT FIN COMMISSIO                                          | Florida Local Government Finance Commission                                      | CUSIP: 34077UAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $365959.51    | 0.07%             | 2055-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANQUILITY CDD FL SPL ASSMNT                                           | Tranquility Community Development District                                       | CUSIP: 89300NAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $592194.48    | 0.11%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                                                | District of Columbia                                                             | CUSIP: 25483VWC4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    250000 | PA      | $225745.90    | 0.04%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KISSIMMEE PARK CDD FL CAPITAL                                           | Kissimmee Park Community Development District                                    | CUSIP: 497859AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $823502.40    | 0.15%             | 2056-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI MF HSG REVE                                          | Public Finance Authority                                                         | CUSIP: 74441XJJ9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1221908.28   | 0.22%             | 2060-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                                                         | Tolomato Community Development District                                          | CUSIP: 889560FB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $346402.44    | 0.06%             | 2054-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FOX BRANCH RANCH CMNTY DEV DIS                                          | Fox Branch Ranch Community Development District                                  | CUSIP: 351322AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $483825.12    | 0.09%             | 2055-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                          | New York Transportation Development Corp                                         | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4575778.24   | 0.84%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BEAUMONT TX HSG AUTH RSDL DEV                                           | Beaumont Housing Authority                                                       | CUSIP: 07451AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1336257.41   | 0.25%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU                                          | City of Princeton TX                                                             | CUSIP: 742400DW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $444667.54    | 0.08%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                                          | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704MBV7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1032843.48   | 0.19%             | 2056-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVER LANDING CDD FL CAP IMPT                                           | River Landing Community Development District                                     | CUSIP: 76828JAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $556190.88    | 0.10%             | 2055-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY HSG AGY ESSEN                                          | California Community Housing Agency                                              | CUSIP: 13013FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $2727123.29   | 0.50%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH                                          | Housing & Redevelopment Authority of The City of St Paul Minnesota               | CUSIP: 852297DB3<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2512798.75   | 0.46%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                                           | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2645318.75   | 0.49%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY H                                          | Massachusetts Development Finance Agency                                         | CUSIP: 57585AAB6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $20.35        | 0.00%             | 2028-10-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                                          | Maricopa County Industrial Development Authority                                 | CUSIP: 56681NAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504650.00   | 0.28%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDINA CNTY TX SPL ASSMNT REVE                                          | County of Medina TX                                                              | CUSIP: 584735AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1371000 | PA      | $1303717.76   | 0.24%             | 2054-09-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| VENICE FL                                                               | City of Venice FL                                                                | CUSIP: 922687AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $621294.38    | 0.11%             | 2060-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DE KALB CNTY GA DEV AUTH REVEN                                          | DeKalb County Development Authority                                              | CUSIP: 240463KE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $737498.88    | 0.14%             | 2063-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                                   | Chicago Board of Education                                                       | CUSIP: 167505ZF6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3815653.46   | 0.70%             | 2047-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TOLOMATO FL CDD                                                         | Tolomato Community Development District                                          | CUSIP: 889560FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $869390.98    | 0.16%             | 2044-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF                                          | Florida Development Finance Corp                                                 | CUSIP: 34061QBU0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3332174.65   | 0.61%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                                           | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KBS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281097.63   | 0.24%             | 2039-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| JAMES CITY CNTY VA ECON DEV AU                                          | James City County Economic Development Authority                                 | CUSIP: 47029WED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1766864.70   | 0.33%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVERWALK CDD FL SPL ASSMNT                                             | Riverwalk Community Development District                                         | CUSIP: 76951PAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $450255.51    | 0.08%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                                          | Colorado Health Facilities Authority                                             | CUSIP: 19648FLZ5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    550000 | PA      | $532745.90    | 0.10%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                                          | Louisiana Public Facilities Authority                                            | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1134166.33   | 0.21%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOTEL REVEN                                          | Public Finance Authority                                                         | CUSIP: 74447DAG2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053148.20   | 0.38%             | 2062-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WINDSOR CAY CMNTY DEV DIST FL                                           | Windsor Cay Community Development District                                       | CUSIP: 97352AAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $512042.28    | 0.09%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC                                           | Public Finance Authority                                                         | CUSIP: 74444VAG5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1425107.25   | 0.26%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TX SPL ASSMNT REVE                                          | City of Pilot Point TX                                                           | CUSIP: 721614AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103550.64    | 0.02%             | 2045-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VERANO 4 CDD FL SP ASSMNT                                               | Verano No 4 Community Development District                                       | CUSIP: 92337SAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $386214.60    | 0.07%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LOWERY HILLS CDD FL SPL ASSMNT                                          | Lowery Hills Community Development District                                      | CUSIP: 548652AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $729699.52    | 0.13%             | 2045-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN                                          | CSCDA Community Improvement Authority                                            | CUSIP: 126292AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $3382624.35   | 0.62%             | 2056-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DEERING PARK STEWARDSHIP DIST                                           | Deering Park Stewardship District                                                | CUSIP: 24460GAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $314930.01    | 0.06%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PINELLAS CNTY FL INDL DEV AUTH                                          | Pinellas County Industrial Development Authority                                 | CUSIP: 72316VAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2803281.00   | 0.52%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                                           | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $761608.01    | 0.14%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE CNTY FL INDL DEV AUT                                          | Charlotte County Industrial Development Authority/FL                             | CUSIP: 16080TAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $440029.32    | 0.08%             | 2055-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL                                           | Capital Trust Authority                                                          | CUSIP: 14054WBW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $374305.43    | 0.07%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH HL                                          | Lancaster County Hospital Authority/PA                                           | CUSIP: 51404PAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4705000 | PA      | $4122045.32   | 0.76%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                          | New York Transportation Development Corp                                         | CUSIP: 650116CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4405000 | PA      | $4404696.94   | 0.81%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                                           | Arlington Higher Education Finance Corp                                          | CUSIP: 041807JW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $895920.20    | 0.16%             | 2059-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                                   | Chicago Board of Education                                                       | CUSIP: 167505A71<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051086.30   | 0.19%             | 2044-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                                          | Louisiana Public Facilities Authority                                            | CUSIP: 546399SY3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2433600.00   | 0.45%             | 2059-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KISSIMMEE PARK CDD FL CAPITAL                                           | Kissimmee Park Community Development District                                    | CUSIP: 497859AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $798462.66    | 0.15%             | 2056-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU                                          | City of Princeton TX                                                             | CUSIP: 742400DT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $464652.60    | 0.09%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PALERMO CDD FL SPL ASSMNT                                               | Palermo Community Development District                                           | CUSIP: 696280AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $612833.58    | 0.11%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH                                          | Lee County Industrial Development Authority/FL                                   | CUSIP: 52349EEV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $489380.10    | 0.09%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                              | Public Finance Authority                                                         | CUSIP: 74442PJR7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3427095.07   | 0.63%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                                           | Philadelphia Authority for Industrial Development                                | CUSIP: 71781XGR8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |     75000 | PA      | $79127.44     | 0.01%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINGS CREEK I CDD FL SPL ASSMN                                          | Kings Creek I Community Development District                                     | CUSIP: 495879AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $229021.94    | 0.04%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #81                                          | City of Las Vegas NV Special Improvement District No 816                         | CUSIP: 51779AAQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $984742.92    | 0.18%             | 2051-06-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG                                          | Public Finance Authority                                                         | CUSIP: 74439YEU1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1932567.00   | 0.36%             | 2063-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN                                          | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72178AAJ1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1768730.37   | 0.33%             | 2057-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                                          | Public Finance Authority                                                         | CUSIP: 74442EEH9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    455000 | PA      | $408823.23    | 0.08%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R                                          | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 71885FEB9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    750000 | PA      | $717563.93    | 0.13%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UPTOWN DEV AUTH TX INCR CONTRA                                          | Uptown Development Authority                                                     | CUSIP: 916856HQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $565199.96    | 0.10%             | 2037-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RAMSEY MN CHRT SCH LEASE REVEN                                          | City of Ramsey MN                                                                | CUSIP: 751814AA2<br>LEI: 549300PYUDKBK3S78343 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1373079.47   | 0.25%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA INDL DEV AUTH C                                          | Lehigh County Industrial Development Authority                                   | CUSIP: 52481MAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $1833899.24   | 0.34%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH STUDENT H                                          | Illinois Finance Authority                                                       | CUSIP: 45203KAP0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5254838.60   | 0.97%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUNTER TX SPL ASSMNT REVENUE                                            | City of Gunter TX                                                                | CUSIP: 40314PAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    771000 | PA      | $779521.32    | 0.14%             | 2045-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH LTD OBLIG                                          | Michigan Finance Authority                                                       | CUSIP: 594479DD6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    600000 | PA      | $552703.92    | 0.10%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINGS CREEK I CDD FL SPL ASSMN                                          | Kings Creek I Community Development District                                     | CUSIP: 495879AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102744.58    | 0.02%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST LOCAL GOVT FIN COMM                                          | Florida Local Government Finance Commission                                      | CUSIP: 34077EAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3128149.86   | 0.58%             | 2065-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PRINCE GEORGES CNTY MD SPL OBL                                          | County of Prince George's MD                                                     | CUSIP: 74172RBP1<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    300000 | PA      | $302495.43    | 0.06%             | 2039-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MIDDLETON CDD FL SPL ASMNT REV                                          | Middleton Community Development District A                                       | CUSIP: 596681AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1401034.45   | 0.26%             | 2053-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| UPTOWN DEV AUTH TX INCR CONTRA                                          | Uptown Development Authority                                                     | CUSIP: 916856HP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $577858.91    | 0.11%             | 2036-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI MF HSG REVE                                          | Public Finance Authority                                                         | CUSIP: 74441XHS1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1741855.53   | 0.32%             | 2039-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                              | Public Finance Authority                                                         | CUSIP: 74442PZR9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     95000 | PA      | $104230.28    | 0.02%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MU                                          | California Municipal Finance Authority                                           | CUSIP: 13050WAB7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | ABS-MBS          | MUN               | US        |   2978298 | PA      | $2634286.70   | 0.48%             | 2041-02-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| EAGAN MN CHRTR SCH LEASE REVEN                                          | City of Eagan MN                                                                 | CUSIP: 26940AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $685043.87    | 0.13%             | 2065-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CYPRESS RESERVE CDD FL CAPITAL                                          | Cypress Reserve Community Development District                                   | CUSIP: 23280AAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215546.44    | 0.04%             | 2056-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| HIGHLAND TRAILS CDD FL CAPITAL                                          | Highland Trails Community Development District                                   | CUSIP: 430813AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $164421.76    | 0.03%             | 2056-05-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC                                          | Public Finance Authority                                                         | CUSIP: 74443DKZ3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1852011.40   | 0.34%             | 2064-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GAS WORX CDD FL SPL ASSMNT                                              | Gas Worx Community Development District                                          | CUSIP: 367200AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102668.25    | 0.02%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN                                          | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72178AAG7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089388.50   | 0.20%             | 2042-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VLG PUBLIC INFRA                                          | Mida Mountain Village Public Infrastructure District                             | CUSIP: 59561TAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1296279.43   | 0.24%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL                                           | Philadelphia Authority for Industrial Development                                | CUSIP: 71781XGT4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1387984 | PA      | $277596.86    | 0.05%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                                          | Public Finance Authority                                                         | CUSIP: 74442ELU2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    690000 | PA      | $662977.88    | 0.12%             | 2044-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                                          | Public Finance Authority                                                         | CUSIP: 74442EEG1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $956431.63    | 0.18%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A                                          | St Johns County Industrial Development Authority                                 | CUSIP: 79041LAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $388537.92    | 0.07%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                                          | Public Finance Authority                                                         | CUSIP: 74442EEF3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    410000 | PA      | $410056.70    | 0.08%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                                      | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5357742.36   | 0.99%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUNT CLUB GROVE CDD FL SPL ASS                                          | Hunt Club Grove Community Development District                                   | CUSIP: 445583AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $310390.38    | 0.06%             | 2055-12-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| TRAILS AT CROWFOOT MET DIST #3                                          | Trails at Crowfoot Metropolitan District No 3                                    | CUSIP: 89286RAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $699207.53    | 0.13%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CRANDALL TX SPL ASSMNT REVENUE                                          | City of Crandall TX                                                              | CUSIP: 224384AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $911927.92    | 0.17%             | 2055-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS                                          | New Hampshire Business Finance Authority                                         | CUSIP: 63607WAU8<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   3754382 | PA      | $3668264.81   | 0.68%             | 2039-08-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TULSA OK MUNI ARPT TRUST TRUST                                          | Tulsa Municipal Airport Trust Trustees/OK                                        | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $127808.54    | 0.02%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                                          | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JEE9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1053203.45   | 0.19%             | 2057-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DU PAGE CNTY IL SPL SVC AREA #                                          | Du Page County Special Service Area No 31                                        | CUSIP: 26350TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    596000 | PA      | $597517.77    | 0.11%             | 2036-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SKY DANCE MET DIST NO 2 CO                                              | Sky Dance Metropolitan District No 2                                             | CUSIP: 83086VAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $801750.07    | 0.15%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WATERFORD CDD FL CAPITAL IMPT                                           | Waterford Community Development District                                         | CUSIP: 941376AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $619746.35    | 0.11%             | 2045-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN                                          | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72178AAH5<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $534633.00    | 0.10%             | 2052-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                                          | Washington State Housing Finance Commission                                      | CUSIP: 93978UAA4<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | MUN               | US        |   1238944 | PA      | $1221301.37   | 0.22%             | 2050-03-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| FIRETHORN CDD FL CAPITAL IMPT                                           | Firethorn Community Development District                                         | CUSIP: 31832AAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $544760.59    | 0.10%             | 2055-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                                      | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2951330.10   | 0.54%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                                           | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KEN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $415142.55    | 0.08%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                                          | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837031ZK2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    585000 | PA      | $588299.69    | 0.11%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOBE ST LUCIE CONSERVANCY DIST                                          | Hobe-St Lucie Conservancy District                                               | CUSIP: 434043AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018765.90   | 0.19%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A                                          | St Johns County Industrial Development Authority                                 | CUSIP: 79041LAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $679421.70    | 0.13%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHERRY HILL VA CMNTY DEV AUTHS                                          | Cherry Hill Community Development Authority                                      | CUSIP: 164631AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500785.40    | 0.09%             | 2035-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                                            | New Hampshire Business Finance Authority                                         | CUSIP: 63607YAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3495000 | PA      | $2903623.98   | 0.53%             | 2055-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MUSTANG RIDGE TX SPL ASSMNT RE                                          | City of Mustang Ridge TX                                                         | CUSIP: 62822EAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    789000 | PA      | $809370.17    | 0.15%             | 2055-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                                          | North Carolina Medical Care Commission                                           | CUSIP: 65820YRS7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1378903.95   | 0.25%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TX SPL ASSMNT REVE                                          | County of Denton TX                                                              | CUSIP: 24880GAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $617544.06    | 0.11%             | 2055-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                          | New York Transportation Development Corp                                         | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2336834.50   | 0.43%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FL HLTH FACS AUT                                          | Sarasota County Health Facilities Authority                                      | CUSIP: 80329UAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1297121.28   | 0.24%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                                          | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60636AWA7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    930000 | PA      | $756547.37    | 0.14%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BAYTOWN TWP MN LEASE                                                    | Township of Baytown MN                                                           | CUSIP: 073225AW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $379167.20    | 0.07%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BELLA TARA CDD FL SPL ASSMNT                                            | Bella Tara Community Development District                                        | CUSIP: 07820BAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514689.00    | 0.09%             | 2056-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL REVENUE                                              | County of Palm Beach FL                                                          | CUSIP: 696547HN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $906742.22    | 0.17%             | 2057-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO                                          | Utah Infrastructure Agency                                                       | CUSIP: 917467BM3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1410962.70   | 0.26%             | 2042-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST NASSAU STEWARDSHIP DIST F                                          | East Nassau Stewardship District                                                 | CUSIP: 273794AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $981247.97    | 0.18%             | 2056-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WEST PORT EAST CDD FL SPL ASSM                                          | West Port East Community Development District                                    | CUSIP: 95549KAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $562714.41    | 0.10%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                                          | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837031ZL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1014679.82   | 0.19%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                              | City of Chicago IL                                                               | CUSIP: 167486M55<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3096204.93   | 0.57%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP STUD                                          | Maryland Economic Development Corp                                               | CUSIP: 57420VSP9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   5025000 | PA      | $5304865.87   | 0.98%             | 2058-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                                            | New Hampshire Business Finance Authority                                         | CUSIP: 63607YAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1421739.17   | 0.26%             | 2046-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DEERING PARK STEWARDSHIP DIST                                           | Deering Park Stewardship District                                                | CUSIP: 24460GAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $416329.12    | 0.08%             | 2045-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA DEV AUTH STUDENTH                                          | Development Authority of Cobb County/The                                         | CUSIP: 190778JU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1175966.09   | 0.22%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHLAKE STEWARDSHIP DIST FL                                           | Northlake Stewardship District                                                   | CUSIP: 66649EAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $360427.48    | 0.07%             | 2056-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN                                          | CSCDA Community Improvement Authority                                            | CUSIP: 126292AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1137317.10   | 0.21%             | 2057-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                                            | Illinois Finance Authority                                                       | CUSIP: 45204FYV1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949605.90    | 0.17%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2518000 | PA      | $876893.50    | 0.16%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RADIANCE CDD FL SPL ASSMNT                                              | Radiance Community Development District                                          | CUSIP: 75030AAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $410914.84    | 0.08%             | 2056-05-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN                                          | Industrial Development Authority of the County of Pima/The                       | CUSIP: 72178AAF9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1168574.32   | 0.22%             | 2035-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                                            | New Hampshire Business Finance Authority                                         | CUSIP: 63607YAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1368676.25   | 0.25%             | 2040-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                                          | Washington State Housing Finance Commission                                      | CUSIP: 939783TQ9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    575000 | PA      | $576356.25    | 0.11%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UPTOWN DEV AUTH TX INCR CONTRA                                          | Uptown Development Authority                                                     | CUSIP: 916856HT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $486200.14    | 0.09%             | 2040-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAKESIDE AT SATILLA CDD FL CAP                                          | Lakeside at Satilla Community Development District                               | CUSIP: 51210AAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201003.04    | 0.04%             | 2055-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                                          | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704MAL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1920643.00   | 0.35%             | 2039-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONNERTON EAST CDD FL SPL ASSM                                          | Connerton East Community Development District                                    | CUSIP: 208185AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $344083.29    | 0.06%             | 2055-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SUNRISE CDD FL CAPITAL IMPT RE                                          | Sunrise Community Development District                                           | CUSIP: 86771UAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244127.80    | 0.04%             | 2055-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                                          | Public Finance Authority                                                         | CUSIP: 74442ELT5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1424801.14   | 0.26%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST DEV FIN AUTH HOSP                                           | Arkansas Development Finance Authority                                           | CUSIP: 04109FCM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $859599.68    | 0.16%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN                                          | CSCDA Community Improvement Authority                                            | CUSIP: 126292AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $3867341.50   | 0.71%             | 2057-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MANOR TX SPL ASSMNT REVENUE                                             | City of Manor TX                                                                 | CUSIP: 564099AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $281631.27    | 0.05%             | 2055-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTHLAKE STEWARDSHIP DIST FL                                           | Northlake Stewardship District                                                   | CUSIP: 66649EAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129815.51    | 0.02%             | 2045-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HGR EDUCTNL FACS FI                                          | Florida Higher Educational Facilities Financing Authority                        | CUSIP: 34073TLP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1438922.00   | 0.26%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FL HLTH FACS AUT                                          | Sarasota County Health Facilities Authority                                      | CUSIP: 80329UAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $757286.55    | 0.14%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TX SPL ASSMNT REVE                                          | City of Pilot Point TX                                                           | CUSIP: 721614AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    113000 | PA      | $116134.27    | 0.02%             | 2055-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BRIDGEVILLE DE SPL OBLIG                                                | Town of Bridgeville DE                                                           | CUSIP: 108588AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1536075.62   | 0.28%             | 2053-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TX SPL ASSMNT REVE                                          | City of Pilot Point TX                                                           | CUSIP: 721614BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $184952.83    | 0.03%             | 2055-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH STUDENT HS                                          | Indiana Finance Authority                                                        | CUSIP: 45471FAG6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2469013.00   | 0.45%             | 2058-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                                            | Illinois Finance Authority                                                       | CUSIP: 45204FYU3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    750000 | PA      | $751119.38    | 0.14%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA                                          | Pennsylvania Higher Educational Facilities Authority                             | CUSIP: 709181BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001674.50   | 0.18%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH                                           | Chester County Industrial Development Authority                                  | CUSIP: 165588DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1185406.20   | 0.22%             | 2037-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UPTOWN DEV AUTH TX INCR CONTRA                                          | Uptown Development Authority                                                     | CUSIP: 916856HS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $454626.65    | 0.08%             | 2039-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TAMPA FL CAPITAL IMPT CIGARETT                                          | City of Tampa FL                                                                 | CUSIP: 875146AZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $526401.70    | 0.10%             | 2041-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CONFERENCE                                           | Public Finance Authority                                                         | CUSIP: 74445QDW7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2675650.95   | 0.49%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                                          | Washington State Housing Finance Commission                                      | CUSIP: 93978LJR8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    625000 | PA      | $643855.31    | 0.12%             | 2064-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KINGSTON ONE CDD FL SPL ASSMNT                                          | Kingston One Community Development District                                      | CUSIP: 496631AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $818026.16    | 0.15%             | 2057-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                                           | Arlington Higher Education Finance Corp                                          | CUSIP: 041807JV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $949605.30    | 0.17%             | 2054-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                                          | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60636AWS8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2557954.70   | 0.47%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                                           | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592029AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $774637.00    | 0.14%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY NY INDL DEV CORP C                                          | Monroe County Industrial Development Corp/NY                                     | CUSIP: 61075YAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $500917.12    | 0.09%             | 2059-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BELLA TARA CDD FL SPL ASSMNT                                            | Bella Tara Community Development District                                        | CUSIP: 07820BAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206054.88    | 0.04%             | 2056-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TAMPA FL CAPITAL IMPT CIGARETT                                          | City of Tampa FL                                                                 | CUSIP: 875146AY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $471010.67    | 0.09%             | 2040-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR                                          | California School Finance Authority                                              | CUSIP: 13058TPF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $372273.25    | 0.07%             | 2061-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MU                                          | California Municipal Finance Authority                                           | CUSIP: 13050WAC5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | ABS-MBS          | MUN               | US        |   1000000 | PA      | $622658.80    | 0.11%             | 2049-06-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $229337.40    | 0.04%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TX SPL ASSMNT REVE                                          | City of Pilot Point TX                                                           | CUSIP: 721614BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $190090.40    | 0.03%             | 2055-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MONONGALIA CNTY WV COMMISSION                                           | County of Monongalia WV                                                          | CUSIP: 61022DAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $922006.89    | 0.17%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PLAZA AT NOAHS ARK CMNTY IMPT                                           | Plaza at Noah's Ark Community Improvement District                               | CUSIP: 72813LAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $700288.59    | 0.13%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                              | City of Detroit MI                                                               | CUSIP: 251093S84<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   4549005 | PA      | $3583158.89   | 0.66%             | 2044-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                                           | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $615692.21    | 0.11%             | 2046-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TX SPL ASSMNT REVE                                          | County of Denton TX                                                              | CUSIP: 24880GAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309240.93    | 0.06%             | 2045-12-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ANNA TX SPL ASSMNT REVENUE                                              | City of Anna TX                                                                  | CUSIP: 035713BC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $399117.16    | 0.07%             | 2055-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KINGSTON ONE CDD FL SPL ASSMNT                                          | Kingston One Community Development District                                      | CUSIP: 496631AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $360945.31    | 0.07%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UPTOWN DEV AUTH TX INCR CONTRA                                          | Uptown Development Authority                                                     | CUSIP: 916856HR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $633658.13    | 0.12%             | 2038-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WHARTON TX SPL ASSMNT REVENUE                                           | City of Wharton TX                                                               | CUSIP: 962423AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153014.36    | 0.03%             | 2055-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                                           | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490077.15    | 0.09%             | 2036-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                                          | New York Liberty Development Corp                                                | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250073.00   | 0.23%             | 2040-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     17000 | PA      | $15691.61     | 0.00%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| SKAGIT CNTY WA PUBLIC HOSP DIS                                          | Skagit County Public Hospital District No 1                                      | CUSIP: 830227EP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041435.60   | 0.38%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EAST WALLER CNTY MGMT DIST TX                                           | East Waller County Management District                                           | CUSIP: 275737AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $311597.42    | 0.06%             | 2055-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP R                                          | Tobacco Settlement Financing Corp/RI                                             | CUSIP: 888809BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2966485.50   | 0.55%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH EDU REVEN                                          | New Hampshire Business Finance Authority                                         | CUSIP: 63607EAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1494558.30   | 0.28%             | 2065-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MONONGALIA CNTY WV COMMISSION                                           | County of Monongalia WV                                                          | CUSIP: 61022DAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $467633.94    | 0.09%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL SPL ASSMNT                                                   | City of Chicago IL Lakeshore East Special Assessment Area                        | CUSIP: 167686AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $293126.58    | 0.05%             | 2029-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS                                          | Ohio Higher Educational Facility Commission                                      | CUSIP: 67756DE36<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3331953.90   | 0.61%             | 2052-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK MD SPL OBLIG                                                  | City of Brunswick MD                                                             | CUSIP: 117250AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    998000 | PA      | $1019625.46   | 0.19%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS CMNTY HSG & ECON DEV COR                                          | Texas Community Housing & Economic Development Corp                              | CUSIP: 88231CAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1281775.41   | 0.24%             | 2065-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DALLAS PA AREA MUNI AUTH UNIVR                                          | Dallas Area Municipal Authority                                                  | CUSIP: 235171AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3190879.80   | 0.59%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                     | Port of Portland OR Airport Revenue (TOBs)                                       | CUSIP: 735240Y23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10710000 | PA      | $9420328.57   | 1.73%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN                                          | California Public Finance Authority                                              | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $462251.40    | 0.09%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                                                | District of Columbia                                                             | CUSIP: 25483VSG0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   3170000 | PA      | $2947242.20   | 0.54%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN                                          | City of Celina TX                                                                | CUSIP: 15114CKV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $621489.58    | 0.11%             | 2055-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TX SPL ASSMNT REVE                                          | City of Pilot Point TX                                                           | CUSIP: 721614BB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $181213.62    | 0.03%             | 2045-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU                                          | Public Finance Authority                                                         | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1241868.96   | 0.23%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTH LAS VEGAS NV LOCAL IMPT                                           | City of North Las Vegas NV                                                       | CUSIP: 66041HGX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $616502.81    | 0.11%             | 2039-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                                          | Colorado Health Facilities Authority                                             | CUSIP: 19648FRW6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1426362.56   | 0.26%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PEACE CREEK VLG CDD FL SPL ASS                                          | Peace Creek Village Community Development District                               | CUSIP: 70459CAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $717426.74    | 0.13%             | 2045-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MANOR TX SPL ASSMNT REVENUE                                             | City of Manor TX                                                                 | CUSIP: 564099AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    364000 | PA      | $381595.58    | 0.07%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                                           | Arlington Higher Education Finance Corp                                          | CUSIP: 041806L57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $315215.60    | 0.06%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILKES-BARRE PA FIN AUTH REVEN                                          | Wilkes-Barre Finance Authority                                                   | CUSIP: 968254CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $998005.52    | 0.18%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TERRELL TX SPL ASSMNT REVENUE                                           | City of Terrell TX                                                               | CUSIP: 881435AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $381773.21    | 0.07%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EAST WALLER CNTY MGMT DIST TX                                           | East Waller County Management District                                           | CUSIP: 275737AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $266844.50    | 0.05%             | 2045-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAVON TX SPL ASSMT REVENUE                                              | City of Lavon TX                                                                 | CUSIP: 51946PCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $189441.91    | 0.03%             | 2055-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR                                          | Puerto Rico Electric Power Authority                                             | CUSIP: 74526YDB8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   5290000 | PA      | $3531075.00   | 0.65%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CURIOSITY CREEK CDD FL CAPITAL                                          | Curiosity Creek Community Development District                                   | CUSIP: 23128SAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $289595.91    | 0.05%             | 2056-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN                                          | City of Celina TX                                                                | CUSIP: 15114CKU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    358000 | PA      | $355824.86    | 0.07%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOUTHPOINTE OF MANATEE CNTY CD                                          | Southpointe of Manatee County Community Development District                     | CUSIP: 844654AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $328581.73    | 0.06%             | 2056-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT                                          | Clackamas County Hospital Facility Authority                                     | CUSIP: 179027YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993002.90    | 0.18%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU                                          | Public Finance Authority                                                         | CUSIP: 74448UAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1684826.41   | 0.31%             | 2065-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RANCHES AT LAKE MCLEOD CDD FL                                           | Ranches at Lake Mcleod Community Development District                            | CUSIP: 752041AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $591330.21    | 0.11%             | 2055-06-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                                          | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JJX2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    700000 | PA      | $726148.15    | 0.13%             | 2059-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GOVERNORS PK SOUTH CDD FL SPL                                           | Governors Park South Community Development District                              | CUSIP: 383670AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $861817.86    | 0.16%             | 2055-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL REVENUE                                              | County of Palm Beach FL                                                          | CUSIP: 696547GJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505401.10    | 0.09%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHRIDGE CDD FL SPL ASSMNT                                            | Northridge Community Development District                                        | CUSIP: 66668PAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $282337.69    | 0.05%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE                                          | Village Community Development District No 13                                     | CUSIP: 92708HAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1068269.67   | 0.20%             | 2052-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH                                          | Minnesota Health & Education Facilities Authority                                | CUSIP: 60416H2R4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $690253.50    | 0.13%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL SPL ASSMNT                                                   | City of Chicago IL Lakeshore East Special Assessment Area                        | CUSIP: 167686AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    228000 | PA      | $223935.97    | 0.04%             | 2027-12-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                                           | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592029AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1685131.20   | 0.31%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA FE NM RETMNT FAC REVENUE                                          | City of Santa Fe NM                                                              | CUSIP: 802170AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1124725.56   | 0.21%             | 2049-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1                                           | Matagorda County Navigation District No 1                                        | CUSIP: 576528CY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3151857.90   | 0.58%             | 2030-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC                                          | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592041YV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2377099.80   | 0.44%             | 2055-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                                                    | Stamford Housing Authority                                                       | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $240107.82    | 0.04%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HICKORY CHASE OH CMNTY AUTH IN                                          | Hickory Chase Community Authority                                                | CUSIP: 428861AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1312766.79   | 0.24%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRAIRIE CENTER CO MET DIST #3                                           | Prairie Center Metropolitan District No 3                                        | CUSIP: 739476AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2199283.17   | 0.40%             | 2046-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WESTVIEW SOUTH CDD FL SPL ASSM                                          | Westview South Community Development District                                    | CUSIP: 961566AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $646810.13    | 0.12%             | 2055-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE VLG TX SPL ASSMNT R                                          | Town of Providence Village TX                                                    | CUSIP: 743816AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $894313.24    | 0.16%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TX SPL ASSMNT REVE                                          | City of Pilot Point TX                                                           | CUSIP: 721614BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256934.23    | 0.05%             | 2055-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                                                | Iowa Finance Authority                                                           | CUSIP: 46247SFV1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3293091.90   | 0.61%             | 2059-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING                                          | Suffolk Regional Off-Track Betting Corp                                          | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2784744.96   | 0.51%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTHRIDGE CDD FL SPL ASSMNT                                            | Northridge Community Development District                                        | CUSIP: 66668PAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $280121.08    | 0.05%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                                          | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JCK7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    790000 | PA      | $784629.19    | 0.14%             | 2036-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                                                    | Stamford Housing Authority                                                       | CUSIP: 852640AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $191180.76    | 0.04%             | 2045-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY SC ASSMNT REVEN                                          | County of Lancaster SC                                                           | CUSIP: 514088BN2<br>LEI: 5493004EFQNI7UOCFI47 | Long             | DBT              | MUN               | US        |    300000 | PA      | $307798.29    | 0.06%             | 2055-06-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN                                          | CSCDA Community Improvement Authority                                            | CUSIP: 126292AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9400000 | PA      | $7033443.78   | 1.29%             | 2056-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS                                          | Ohio Higher Educational Facility Commission                                      | CUSIP: 67756DE28<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3596346.23   | 0.66%             | 2042-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL INDL DEV AU                                          | Miami-Dade County Industrial Development Authority                               | CUSIP: 59333ECQ4<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1981901.20   | 0.36%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA DEV AUTH STUDENTH                                          | Development Authority of Cobb County/The                                         | CUSIP: 190778JV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1205110.02   | 0.22%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BERKELEY CNTY SC ASSMNT REVENU                                          | County of Berkeley SC                                                            | CUSIP: 084220AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $958799.20    | 0.18%             | 2040-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LANDINGS CDD FL SPL ASSMNT                                              | Landings Community Development District                                          | CUSIP: 51502AAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $855646.30    | 0.16%             | 2055-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CYPRESS BLUFF CDD FL SPL ASSMN                                          | Cypress Bluff Community Development District                                     | CUSIP: 23267AAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1496330.25   | 0.28%             | 2055-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VLG PUBLIC INFRA                                          | Mida Mountain Village Public Infrastructure District                             | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024778.40   | 0.19%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DENTON CNTY TX SPL ASSMNT REVE                                          | County of Denton TX                                                              | CUSIP: 24880GAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308047.32    | 0.06%             | 2055-12-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                                             | City of Houston TX Airport System Revenue                                        | CUSIP: 442349FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3458976.75   | 0.64%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                                          | Washington State Housing Finance Commission                                      | CUSIP: 93978LGF7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2235000 | PA      | $1962378.28   | 0.36%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTMINSTER MD PROJ REVENUE                                             | City of Westminster MD                                                           | CUSIP: 960735AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $695717.03    | 0.13%             | 2034-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PALM COAST 145 CDD FL SPL ASSM                                          | Palm Coast 145 Community Development District                                    | CUSIP: 69662AAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309650.31    | 0.06%             | 2057-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue     | Metropolitan Washington Airports Authority Dulles Toll Road Revenue (TOBs)       | CUSIP: 592643DJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1659356.24   | 0.31%             | 2053-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                                                | District of Columbia                                                             | CUSIP: 25483VXU3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2758012.13   | 0.51%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL SPL ASSMNT                                                   | City of Chicago IL Lakeshore East Special Assessment Area                        | CUSIP: 167686AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $266806.18    | 0.05%             | 2032-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS                                          | Ohio Higher Educational Facility Commission                                      | CUSIP: 67756DJ98<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1488201.55   | 0.27%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP UTILI                                          | Mission Economic Development Corp                                                | CUSIP: 605158AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030420.40   | 0.19%             | 2045-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                                          | Washington State Housing Finance Commission                                      | CUSIP: 939783TJ5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2364922.25   | 0.44%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONEIDA INDIAN NATION NY TAX RE                                          | Oneida Indian Nation of New York                                                 | CUSIP: 682504AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2286561.38   | 0.42%             | 2040-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH RENTA                                          | Michigan State Housing Development Authority                                     | CUSIP: 59465PBA5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1554967.50   | 0.29%             | 2059-10-01      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| RAINDANCE MET DIST NO 1 CO NON                                          | Raindance Metropolitan District No 1 Non-Potable Water System Revenue            | CUSIP: 75087GAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1329922.00   | 0.24%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DE KALB CNTY GA DEV AUTH REVEN                                          | DeKalb County Development Authority                                              | CUSIP: 240463KD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $378023.72    | 0.07%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GIR EAST CDD FL CAPITAL IMPT R                                          | GIR East Community Development District                                          | CUSIP: 37611TAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $698001.36    | 0.13%             | 2045-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ROYSE CITY TX SPL ASSMNT REVEN                                          | City of Royse City TX                                                            | CUSIP: 780870BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    673000 | PA      | $685275.25    | 0.13%             | 2055-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SUNNYVALE CA                                                            | City of Sunnyvale CA                                                             | CUSIP: 867587AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2755494.14   | 0.51%             | 2032-08-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BELLA COLLINA CDD FL SPL ASSMN                                          | Bella Collina Community Development District                                     | CUSIP: 07819AAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $904675.60    | 0.17%             | 2055-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH ST                                          | Tobacco Securitization Authority of Southern California                          | CUSIP: 888804CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14660000 | PA      | $2694028.62   | 0.50%             | 2054-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                               | Orange County Health Facilities Authority (TOBs)                                 | CUSIP: 68450LGQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7735000 | PA      | $6679740.01   | 1.23%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BELLA COLLINA CDD FL SPL ASSMN                                          | Bella Collina Community Development District                                     | CUSIP: 07819AAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $684512.21    | 0.13%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WATERSET SOUTH CDD FL SPL ASSM                                          | Waterset South Community Development District                                    | CUSIP: 94186HAL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $465809.10    | 0.09%             | 2056-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN                                          | California Public Finance Authority                                              | CUSIP: 13057GAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $896237.60    | 0.16%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV SPL IMPT DIST #80                                          | City of Las Vegas NV Special Improvement District Nos 808 & 810                  | CUSIP: 51778DBJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $780635.70    | 0.14%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLS MINNEOLA CMNTY DEV DIST                                           | Hills of Minneola Community Development District                                 | CUSIP: 431688AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $345388.75    | 0.06%             | 2056-05-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN                                          | California Public Finance Authority                                              | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $761544.08    | 0.14%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TAMPA FL CAPITAL IMPT CIGARETT                                          | City of Tampa FL                                                                 | CUSIP: 875146BB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $791417.40    | 0.15%             | 2045-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TERRA LAGO CDD FL SPL ASSMMT                                            | Terra Lago Community Development District                                        | CUSIP: 88104DAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $718338.56    | 0.13%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GRAYS HARBOR CNTY WA PUBLIC HO                                          | Grays Harbor County Public Hospital District No 1                                | CUSIP: 389526AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5480944.50   | 1.01%             | 2053-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP SPL                                           | Maryland Economic Development Corp                                               | CUSIP: 57422FAF3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1006805.13   | 0.19%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY AZ INDL DEV AUTHE                                          | Industrial Development Authority of the County of Yavapai/The                    | CUSIP: 98521VAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $460183.31    | 0.08%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDA CORMONT PUBLIC INFRASTRUC                                          | Mida Cormont Public Infrastructure District                                      | CUSIP: 59561JAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $640159.35    | 0.12%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                                          | California Infrastructure & Economic Development Bank                            | CUSIP: 13034AR28<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $610560.20    | 0.11%             | 2061-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                          | New York Transportation Development Corp                                         | CUSIP: 650116JP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9015259.80   | 1.66%             | 2055-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| YAVAPAI CNTY AZ INDL DEV AUTH                                           | Industrial Development Authority of the County of Yavapai/The                    | CUSIP: 98521VAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1195631.56   | 0.22%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAM LAKE MN CHRT SCH LEASE REV                                          | City of Ham Lake MN                                                              | CUSIP: 406511AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505718.45   | 0.28%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINDLER PUB IMPT AUTH CO LTD T                                          | Windler Public Improvement Authority                                             | CUSIP: 973405AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $757520.30    | 0.14%             | 2051-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AUBREY TX SPL ASSMNT                                                    | City of Aubrey TX                                                                | CUSIP: 050197BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $257447.09    | 0.05%             | 2055-12-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HARVEST HILLS S CDD FL CAPITAL                                          | Harvest Hills South Community Development District                               | CUSIP: 41757NAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $173146.21    | 0.03%             | 2056-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OH POR                                          | Cleveland-Cuyahoga County Port Authority                                         | CUSIP: 18610PAV0<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507361.25    | 0.09%             | 2043-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG                                          | Public Finance Authority                                                         | CUSIP: 74439YDX6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $983930.78    | 0.18%             | 2061-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A                                          | St Johns County Industrial Development Authority                                 | CUSIP: 79041LAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $585376.35    | 0.11%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST #5 CO                                                  | Canyons Metropolitan District No 5                                               | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $696020.92    | 0.13%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STC MET DIST #2 CO                                                      | STC Metropolitan District No 2                                                   | CUSIP: 85780TBD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502205.75    | 0.09%             | 2055-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                                          | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628C2Z4<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    765000 | PA      | $745135.17    | 0.14%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE CONNECT AUTHORITY                                          | Golden State Connect Authority                                                   | CUSIP: 38121BAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $895927.44    | 0.16%             | 2060-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VIVID SHORES CMNTY DEV DIST FL                                          | Vivid Shores Community Development District                                      | CUSIP: 92853QAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $174994.31    | 0.03%             | 2056-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SOLAERIS CDD FL SPL ASSMNT                                              | Solaeris Community Development District                                          | CUSIP: 83409XAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $180674.34    | 0.03%             | 2045-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COPPERLEAF MET DIST #5 CO                                               | Copperleaf Metropolitan District No 5                                            | CUSIP: 21765MAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507048.00    | 0.09%             | 2055-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AUBREY TX SPL ASSMNT                                                    | City of Aubrey TX                                                                | CUSIP: 050197BW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $148679.73    | 0.03%             | 2045-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GROVES AT LAKE MARION CDD FL S                                          | Groves at Lake Marion Community Development District                             | CUSIP: 399735AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $467071.52    | 0.09%             | 2055-12-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL SPL ASSMNT                                                   | City of Chicago IL Lakeshore East Special Assessment Area                        | CUSIP: 167686AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $317327.56    | 0.06%             | 2030-12-01      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL                                           | Capital Trust Authority                                                          | CUSIP: 14054WCH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1740546.43   | 0.32%             | 2050-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN                                          | CSCDA Community Improvement Authority                                            | CUSIP: 126292BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $1903142.36   | 0.35%             | 2057-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE                                          | Delaware State Economic Development Authority                                    | CUSIP: 246387RW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1677123.27   | 0.31%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL F                                          | Capital Trust Agency Inc                                                         | CUSIP: 14054CDF3<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935202.00    | 0.17%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                                          | Build NYC Resource Corp                                                          | CUSIP: 12008ERS7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $380220.90    | 0.07%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                                          | Arizona Industrial Development Authority                                         | CUSIP: 04052BQV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1664060.20   | 0.31%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN CHARTER SCH LEA                                          | City of Forest Lake MN                                                           | CUSIP: 345856AU2<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |    615000 | PA      | $618873.09    | 0.11%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FREDERICK CNTY MD EDUCTNL FACS                                          | County of Frederick MD                                                           | CUSIP: 355697CF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $486705.85    | 0.09%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO                                          | Utah Infrastructure Agency                                                       | CUSIP: 917467CZ3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    355000 | PA      | $393646.15    | 0.07%             | 2036-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                                          | Colorado Health Facilities Authority                                             | CUSIP: 19648FSV7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916386.90    | 0.17%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PLAZA AT NOAHS ARK CMNTY IMPT                                           | Plaza at Noah's Ark Community Improvement District                               | CUSIP: 72813LAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $457133.75    | 0.08%             | 2035-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| WOODLAND CROSSING CDD FL SPL A                                          | Woodland Crossing Community Development District                                 | CUSIP: 979583AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $245252.21    | 0.05%             | 2056-05-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GIR EAST CDD FL CAPITAL IMPT R                                          | GIR East Community Development District                                          | CUSIP: 37611TAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1291712.16   | 0.24%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN                                          | CSCDA Community Improvement Authority                                            | CUSIP: 126292AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1321480.06   | 0.24%             | 2041-08-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH STUDENT HS                                          | Atlanta Development Authority/The                                                | CUSIP: 04777LDV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129634.01    | 0.02%             | 2050-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE                                          | Village Community Development District No 13                                     | CUSIP: 92708HAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3805000 | PA      | $2966428.61   | 0.55%             | 2051-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                                           | Arlington Higher Education Finance Corp                                          | CUSIP: 041807JU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $559100.13    | 0.10%             | 2049-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                                   | Chicago Board of Education                                                       | CUSIP: 167505ZM1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4545732.15   | 0.84%             | 2050-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                                          | Louisiana Public Facilities Authority                                            | CUSIP: 546399UY0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    325000 | PA      | $326155.73    | 0.06%             | 2059-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                                          | New York Liberty Development Corp                                                | CUSIP: 649519EY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $4600387.51   | 0.85%             | 2043-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TOMBALL TX SPL ASSMNT REVENUE                                           | City of Tomball TX                                                               | CUSIP: 889858AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $464953.68    | 0.09%             | 2053-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOLAERIS CDD FL SPL ASSMNT                                              | Solaeris Community Development District                                          | CUSIP: 83409XAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $328296.42    | 0.06%             | 2056-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| ELMENDORF TX SPL ASSMNT REVENU                                          | City of Elmendorf TX                                                             | CUSIP: 28938TAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300522.72    | 0.06%             | 2055-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                                          | New York Liberty Development Corp                                                | CUSIP: 649519EZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $319095.82    | 0.06%             | 2050-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CEDAR CROSSINGS CDD FL SPL ASS                                          | Cedar Crossings Community Development District                                   | CUSIP: 15018WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $360704.53    | 0.07%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                                          | Colorado Health Facilities Authority                                             | CUSIP: 19648FZP2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    650000 | PA      | $652869.69    | 0.12%             | 2059-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SUGARLOAF CDD FL CAPITAL IMPT                                           | Sugarloaf Community Development District                                         | CUSIP: 865037AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $327714.09    | 0.06%             | 2055-12-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TERRELL TX SPL ASSMNT REVENUE                                           | City of Terrell TX                                                               | CUSIP: 881435AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $384768.30    | 0.07%             | 2055-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GARDENS AT HAMMOCK BEACH CDD F                                          | Gardens at Hammock Beach Community Development District                          | CUSIP: 36549DAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $528863.16    | 0.10%             | 2054-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                                          | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4195223.60   | 0.77%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH STUDENT HS                                          | Atlanta Development Authority/The                                                | CUSIP: 04777LDW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103125.44    | 0.02%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE                                          | California Municipal Finance Authority                                           | CUSIP: 13048VQ27<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1786062.16   | 0.33%             | 2039-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                                          | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAL1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    750000 | PA      | $778006.05    | 0.14%             | 2044-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     59000 | PA      | $59099.65     | 0.01%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                                           | Arlington Higher Education Finance Corp                                          | CUSIP: 041807CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2420937.60   | 0.45%             | 2062-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                                          | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60636AWD1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   3965000 | PA      | $3019973.18   | 0.56%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | New York City Transitional Finance Authority Future Tax Secured Revenue (TOBs)   | CUSIP: 64972JWL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13446978.19  | 2.48%             | 2050-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLACK DESERT PUB INFRASTRUCTUR                                          | Black Desert Public Infrastructure District                                      | CUSIP: 09204TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3019251.90   | 0.56%             | 2053-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Alaska Industrial Development & Export Authority                        | Alaska Industrial Development & Export Authority (TOBs)                          | CUSIP: 011903GK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8750000 | PA      | $8190416.95   | 1.51%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTHS                                          | Chester County Industrial Development Authority                                  | CUSIP: 16559PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2073247.22   | 0.38%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                                           | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $535320.35    | 0.10%             | 2054-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                                                    | Stamford Housing Authority                                                       | CUSIP: 852640AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170385.56    | 0.03%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OKALOOSA CNTY FL INDL DEV REVE                                          | County of Okaloosa FL                                                            | CUSIP: 678226AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $895312.79    | 0.16%             | 2055-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    116000 | PA      | $116018.26    | 0.02%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CMFA SPL FIN AGY VII CA ESSENT                                          | CMFA Special Finance Agency VII                                                  | CUSIP: 12574UAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1376419.00   | 0.25%             | 2056-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO                                          | Utah Infrastructure Agency                                                       | CUSIP: 917467DA7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    405000 | PA      | $437973.08    | 0.08%             | 2039-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AURORA CROSSROADS MET DIST NO                                           | Aurora Crossroads Metropolitan District No 2                                     | CUSIP: 05162QAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $483359.62    | 0.09%             | 2055-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SENIOR LIVING                                          | Iowa Finance Authority                                                           | CUSIP: 46247CER6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    650000 | PA      | $661441.11    | 0.12%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                                           | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UFN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1185772.88   | 0.22%             | 2055-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH SCH R                                          | Camden County Improvement Authority/The                                          | CUSIP: 13281PAD9<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3092222.10   | 0.57%             | 2062-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                                           | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KFS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $496998.27    | 0.09%             | 2044-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| LOWER MAGNOLIA GREEN VA CMNTY                                           | Lower Magnolia Green Community Development Authority                             | CUSIP: 548207AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $785290.37    | 0.14%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO                                          | Utah Infrastructure Agency                                                       | CUSIP: 917467DC3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511949.70    | 0.09%             | 2048-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                                          | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638RKB2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1644576.21   | 0.30%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENNIS TX SPL ASSMNT REVENUE                                             | City of Ennis TX                                                                 | CUSIP: 293470AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $612404.81    | 0.11%             | 2055-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WOODLAND PRESERVE CDD FL SPL A                                          | Woodland Preserve Community Development District                                 | CUSIP: 97966AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496616.35    | 0.09%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PILOT POINT TX SPL ASSMNT REVE                                          | City of Pilot Point TX                                                           | CUSIP: 721614AW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105241.76    | 0.02%             | 2035-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EAST WALLER CNTY MGMT DIST TX                                           | East Waller County Management District                                           | CUSIP: 275737AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $118877.80    | 0.02%             | 2035-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWELL MA COLLEGIATE CHRT SCH                                           | Collegiate Charter School of Lowell                                              | CUSIP: 547649AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2183238.60   | 0.40%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                                          | New York Liberty Development Corp                                                | CUSIP: 649519DV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $1980082.65   | 0.36%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL REV                                          | Public Finance Authority                                                         | CUSIP: 74445GAR3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952216.60    | 0.18%             | 2053-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HLTH CARE REV                                          | County of Hamilton OH                                                            | CUSIP: 40727RCA4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    785000 | PA      | $751841.29    | 0.14%             | 2052-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH LAS VEGAS NV LOCAL IMPT                                           | City of North Las Vegas NV                                                       | CUSIP: 66041HJE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $659921.28    | 0.12%             | 2055-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TERRA LAGO CDD FL SPL ASSMMT                                            | Terra Lago Community Development District                                        | CUSIP: 88104DAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254335.68    | 0.05%             | 2045-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL                                           | Capital Trust Authority                                                          | CUSIP: 14054WDC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $819187.30    | 0.15%             | 2060-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GAS WORX CDD FL SPL ASSMNT                                              | Gas Worx Community Development District                                          | CUSIP: 367200AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105405.42    | 0.02%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO                                          | Utah Infrastructure Agency                                                       | CUSIP: 917467DB5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    450000 | PA      | $470395.67    | 0.09%             | 2044-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GARDENS AT HAMMOCK BEACH CDD F                                          | Gardens at Hammock Beach Community Development District                          | CUSIP: 36549DAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $311591.63    | 0.06%             | 2044-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE                                          | Public Finance Authority                                                         | CUSIP: 744396KH4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1116187.13   | 0.21%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                                           | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592029AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $501596.88    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Putnam ETF Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer Controller, US Fund Administration and Oversight