# EDGAR Filing Document

**Accession Number:** 0001497778
**File Stem:** 0001752724-25-156369
**Filing Date:** 2025-6
**Character Count:** 59848
**Document Hash:** ecb3c0ee60e6bbe21cc2d59e84f54536
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156369.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-156369

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST SERIES FUND
- **CENTRAL INDEX KEY:** 0001497778

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22452
- **FILM NUMBER:** 251073519

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

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

## Series and Classes Contracts Data

### First Trust Managed Municipal Fund (Series ID: S000074778)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000232961 | Class I      | CWAIX           |
| C000232962 | Class A      | CWAAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Series Fund

- **b. Investment Company Act file number:** 811-22452

- **c. CIK number of Registrant:** 0001497778

- **d. LEI of Registrant:** 549300RL1B5O4HI4N885

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

  - **Street Address 1:** 120 East Liberty Drive

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

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

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

- **a. Name of Series:** First Trust Managed Municipal Fund

- **b. EDGAR series identifier (if any):** S000074778

- **c. LEI of Series:** 549300B8TD0GNZDKG002

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $70371275.60

**Total Liabilities:** $483654.96

**Net Assets:** $69887620.64

**Cash Not Reported:** $214630.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 47.85132000 | **1-Year:** 1610.12719000 | **5-Year:** 14821.59146000 | **10-Year:** 27472.93732000 | **30-Year:** 807.74428000

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

- **3-Month:** 0.00000000 | **1-Year:** 63.04386000 | **5-Year:** 331.41920000 | **10-Year:** 1170.54438000 | **30-Year:** 49.87638000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000232961 | 0.99%                | -1.60%               | -0.88%               |
| Class ID C000232962 |  | -1.56%               | -0.95%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9138.93                 | $504712.25                                 |
| Month 2  | $64819.37                | $-1401548.98                               |
| Month 3  | $-187285.19              | $-647888.04                                |

### 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 10YR ULTRA                                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -3 | NC      | $-4929.60     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R              | Central Texas Regional Mobility Authority                                        | CUSIP: 155498LT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $416538.24    | 0.60%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA RSDL CARE FACS               | Fulton County Residential Care Facilities for the Elderly Authority              | CUSIP: 360059AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502481.45    | 0.72%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE PUBLIC EDUCTNL BL              | Jacksonville Public Educational Building Authority                               | CUSIP: 469480BT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519139.70    | 0.74%             | 2044-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN              | California Pollution Control Financing Authority                                 | CUSIP: 13054WBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260828.13    | 0.37%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SO              | California Municipal Finance Authority                                           | CUSIP: 13048RAH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499841.80    | 0.72%             | 2045-10-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH STUDENT HS              | Indiana Finance Authority                                                        | CUSIP: 45471FAX9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $483804.55    | 0.69%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHAWNEE CNTY KS PUBLIC BLDG CO              | County of Shawnee KS                                                             | CUSIP: 820561AZ1<br>LEI: 5493007F3P7G61QTP515 | Long             | DBT              | MUN               | US        |    235000 | PA      | $257207.45    | 0.37%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                                | CUSIP: 4521526L0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524592.60    | 0.75%             | 2039-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ISLE OF WIGHT CNTY VA ECON DEV              | Isle Wight County Industrial Development Authority                               | CUSIP: 464637AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269167.83    | 0.39%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE CMNTY DEV DIST FL               | Forest Lake Community Development District                                       | CUSIP: 34585PAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $450583.70    | 0.64%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIELDS ESTATES PUBLIC INFRASTR              | Fields Estates Public Infrastructure District                                    | CUSIP: 31657CAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $462268.00    | 0.66%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                       | CUSIP: 544445P94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27052.46     | 0.04%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HLTH CARE F              | County of Montgomery OH                                                          | CUSIP: 613518DH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510806.60    | 0.73%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837031WH2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    205000 | PA      | $201602.41    | 0.29%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495908.20    | 0.71%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA              | Iowa Finance Authority                                                           | CUSIP: 46246SAV7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    500000 | PA      | $558255.95    | 0.80%             | 2050-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UNION CNTY OR HOSP FAC AUTH                 | Union County Hospital Facility Authority                                         | CUSIP: 906420CF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494481.10    | 0.71%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T              | Lower Colorado River Authority                                                   | CUSIP: 54811BUY5<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    190000 | PA      | $194029.20    | 0.28%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWARK HGR EDU FIN CORP TX EDU              | Newark Higher Education Finance Corp                                             | CUSIP: 650346FN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533755.15    | 0.76%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THOMPSON CROSSING MET DIST #4               | Thompson Crossing Metropolitan District No 4                                     | CUSIP: 88477EAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485715.65    | 0.69%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH              | California Municipal Finance Authority                                           | CUSIP: 13048DCP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250072.28    | 0.36%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN              | Port of Portland OR Airport Revenue                                              | CUSIP: 735240W58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $1009157.29   | 1.44%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067975.40   | 1.53%             | 2037-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    835000 | PA      | $825975.65    | 1.18%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461366M8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513461.30    | 0.73%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A              | South Carolina Public Service Authority                                          | CUSIP: 837151R27<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    545000 | PA      | $595752.31    | 0.85%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                             | City of Philadelphia PA                                                          | CUSIP: 717813ZC6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    450000 | PA      | $438021.95    | 0.63%             | 2041-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IN EXEMPT FACS REVE              | City of Valparaiso IN                                                            | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375934.76    | 0.54%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HOMEWOOD AL EDUCTNL BLDG AUTH               | Homewood Educational Building Authority                                          | CUSIP: 437887HW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $371779.42    | 0.53%             | 2044-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R              | Arizona Industrial Development Authority                                         | CUSIP: 04052BKJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $414801.06    | 0.59%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH STUDE              | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 71885DDZ2<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    270000 | PA      | $271529.50    | 0.39%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN HLTH CARE FACS RE              | City of Rochester MN                                                             | CUSIP: 771902HP1<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $479349.20    | 0.69%             | 2050-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MUNI ENERGY ACQU              | New Mexico Municipal Energy Acquisition Authority                                | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524042.00    | 0.75%             | 2054-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP               | Lakewood Ranch Stewardship District Utility Revenue                              | CUSIP: 51265LAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038249.30   | 1.49%             | 2048-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A              | California Community Choice Financing Authority                                  | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    600000 | PA      | $598929.42    | 0.86%             | 2053-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A              | St Louis County Industrial Development Authority                                 | CUSIP: 791524CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472837.50    | 0.68%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN              | California Pollution Control Financing Authority                                 | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500019.60    | 0.72%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO              | Development Authority of Burke County/The                                        | CUSIP: 121342QE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002510.40   | 1.43%             | 2032-10-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                       | CUSIP: 544445ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252193.80    | 0.36%             | 2048-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BEACH CMNTY DEV DIST FL CAPITA              | Beach Community Development District                                             | CUSIP: 07332WAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $410698.68    | 0.59%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH               | Parish of St John the Baptist LA                                                 | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501132.60    | 0.72%             | 2037-06-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST BUSINESS FIN CO              | Mississippi Business Finance Corp                                                | CUSIP: 60527MAY5<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.14%             | 2025-07-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| ARISTA CO MET DIST                          | Arista Metropolitan District                                                     | CUSIP: 04041AAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $628973.52    | 0.90%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A              | South Carolina Public Service Authority                                          | CUSIP: 8371515Q8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $757322.93    | 1.08%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX UTILITY SYSR              | City of Corpus Christi TX Utility System Revenue                                 | CUSIP: 220245U85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $444548.40    | 0.64%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN              | County of Broward FL Airport System Revenue                                      | CUSIP: 114894YP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507014.75    | 0.73%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225GE0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    750000 | PA      | $805660.13    | 1.15%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTHS              | Louisiana Public Facilities Authority                                            | CUSIP: 54640TAK5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    400000 | PA      | $401280.52    | 0.57%             | 2043-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R              | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758K51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273262.30    | 0.39%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A              | City of Los Angeles Department of Airports                                       | CUSIP: 544445R68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532546.20    | 0.76%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL               | Indiana Finance Authority                                                        | CUSIP: 455054BG0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    525000 | PA      | $527195.87    | 0.75%             | 2035-05-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CMWLTH TRANSPRTN B              | Virginia Commonwealth Transportation Board                                       | CUSIP: 927793ZU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $504491.38    | 0.72%             | 2041-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                  | City of Chicago IL                                                               | CUSIP: 167486P60<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    750000 | PA      | $778622.48    | 1.11%             | 2040-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH HOSP FACS REV              | County of Hamilton OH                                                            | CUSIP: 4072722B8<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.43%             | 2051-08-15      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL               | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971X4D7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269357.25    | 0.39%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN              | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080SS1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |     40000 | PA      | $39969.00     | 0.06%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                          | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    750000 | PA      | $716723.40    | 1.03%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TN HLTH EDUCTNL &               | Chattanooga Health Educational & Housing Facility Board                          | CUSIP: 162409AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513217.15    | 0.73%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS CA PUBLIC FING A              | River Islands Public Financing Authority                                         | CUSIP: 76827QGL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $721929.31    | 1.03%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522842.25    | 0.75%             | 2053-02-01      | Variable      | 5.25%                 | 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        |    500000 | PA      | $467901.10    | 0.67%             | 2055-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV              | Columbus Regional Airport Authority                                              | CUSIP: 199546CX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527479.15    | 0.75%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                | Ohio Air Quality Development Authority                                           | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $482066.95    | 0.69%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WESTVIEW SOUTH CDD FL SPL ASSM              | Westview South Community Development District                                    | CUSIP: 961566AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $363868.21    | 0.52%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP               | Arlington Higher Education Finance Corp                                          | CUSIP: 041807BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214246.64    | 0.31%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST               | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CCE6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    565000 | PA      | $598793.16    | 0.86%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&              | Texas Municipal Gas Acquisition & Supply Corp IV                                 | CUSIP: 88256PAQ3<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545314.20    | 0.78%             | 2032-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| YONKERS NY                                  | City of Yonkers NY                                                               | CUSIP: 986082W43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072092.40   | 1.53%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP              | Metropolitan Nashville Airport Authority/The                                     | CUSIP: 592190QW5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $532499.10    | 0.76%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SARASOTA NATIONAL FL CDD SPL A              | Sarasota National Community Development District                                 | CUSIP: 80342PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $488103.86    | 0.70%             | 2031-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP               | Arlington Higher Education Finance Corp                                          | CUSIP: 041806LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $492891.65    | 0.71%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                 | State of Hawaii Airports System Revenue                                          | CUSIP: 419794A44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502115.35    | 0.72%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONSOL MUNI ELEC PWR SYS WY JT              | Consolidated Municipalities Electric Power Systems Joint Powers Board            | CUSIP: 210295EX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070108.80   | 1.53%             | 2040-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JEA FL ELEC SYS REVENUE                     | JEA Electric System Revenue                                                      | CUSIP: 46613SQP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $496708.69    | 0.71%             | 2040-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU              | Montgomery County Industrial Development Authority/PA                            | CUSIP: 61360PCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $705437.25    | 1.01%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE              | Public Finance Authority                                                         | CUSIP: 74442EMF4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    400000 | PA      | $352062.72    | 0.50%             | 2049-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH               | Parish of St John the Baptist LA                                                 | CUSIP: 79020FBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245837.63    | 0.35%             | 2037-06-01      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| BLACK CREEK FL CDD SPL ASSMNT               | Black Creek Community Development District                                       | CUSIP: 09186FAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256355.23    | 0.37%             | 2032-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R              | Indiana Finance Authority                                                        | CUSIP: 45470YFH9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045769.70   | 1.50%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    531000 | PA      | $499290.86    | 0.71%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| LONG BEACH NY                               | City of Long Beach NY                                                            | CUSIP: 542519ES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $414087.28    | 0.59%             | 2042-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX SPL ASSMNT REVENU              | City of Princeton TX                                                             | CUSIP: 742400BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $471706.35    | 0.67%             | 2042-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OREGON ST DEPT OF TRANSPRTN HI              | State of Oregon Department of Transportation                                     | CUSIP: 68607DUU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $284837.34    | 0.41%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING              | Suffolk Regional Off-Track Betting Co                                            | CUSIP: 86480TAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $762854.40    | 1.09%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A              | Palm Beach County Health Facilities Authority                                    | CUSIP: 69650MAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60412.72     | 0.09%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI BRD OF              | Honolulu City & County Board of Water Supply                                     | CUSIP: 438689MS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $411306.25    | 0.59%             | 2041-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WINROCK TOWN CENTER NM TAX INC              | Winrock Town Center Tax Increment Development District No 1                      | CUSIP: 97535RAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $446109.15    | 0.64%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN               | New York City Municipal Water Finance Authority                                  | CUSIP: 64972F2J4<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.43%             | 2044-06-15      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| MAXATAWNY TWP PA MUNI AUTH REV              | Maxatawny Township Municipal Authority                                           | CUSIP: 57778PAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493515.10    | 0.71%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA              | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEM0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    740000 | PA      | $767567.15    | 1.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAH0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    350000 | PA      | $358206.17    | 0.51%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                        | Texas Water Development Board                                                    | CUSIP: 8828547W6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $265870.52    | 0.38%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST BUSINESS FIN               | New Hampshire Business Finance Authority                                         | CUSIP: 644684GH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200494.80    | 0.29%             | 2043-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BERRY BAY II CDD FL SPL ASSMNT              | Berry Bay II Community Development District                                      | CUSIP: 08577DAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $477951.95    | 0.68%             | 2044-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY              | Louisville/Jefferson County Metropolitan Government                              | CUSIP: 54659LCW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $582914.75    | 0.83%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDAS MOUNTAIN VETERANS PROGRA              | MIDA Mountain Veterans Program Public Infrastructure District                    | CUSIP: 59561SAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $646060.83    | 0.92%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH                 | Lancaster County Hospital Authority/PA                                           | CUSIP: 514045V83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $526427.13    | 0.75%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA VLY CA WTR DIST SA              | Santa Clara Valley Water District Safe Clean Water Revenue                       | CUSIP: 80168EAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $441615.28    | 0.63%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F              | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638QSG5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    750000 | PA      | $797937.23    | 1.14%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM              | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CDX7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    490000 | PA      | $464125.99    | 0.66%             | 2032-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY              | San Francisco City & County Airport Comm-San Francisco International Airport     | CUSIP: 79766DMB2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500054.25    | 0.72%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                 | City of New York NY                                                              | CUSIP: 64966QK74<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539741.05    | 0.77%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG              | Public Finance Authority                                                         | CUSIP: 74439YFR7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    375000 | PA      | $389536.39    | 0.56%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA              | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JGL1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525393.65    | 0.75%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                 | State of Illinois                                                                | CUSIP: 452153DB2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257570.48    | 0.37%             | 2047-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLL CONTROL REV              | City of Farmington NM                                                            | CUSIP: 311450GC8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996958.10    | 1.43%             | 2040-06-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| BOYLE CNTY KY EDUCTNL FACS REV              | County of Boyle KY                                                               | CUSIP: 10346PAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028054.00   | 1.47%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COOPE              | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    500000 | PA      | $521958.30    | 0.75%             | 2054-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE              | South Carolina Jobs-Economic Development Authority                               | CUSIP: 837032BZ3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $537425.80    | 0.77%             | 2046-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL               | Black Belt Energy Gas District                                                   | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    640000 | PA      | $667349.89    | 0.95%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV POLL CONTROL REV              | County of Clark NV                                                               | CUSIP: 181008BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997513.30    | 1.43%             | 2036-01-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL               | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20774Y6T9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    330000 | PA      | $332208.69    | 0.48%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV              | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182TB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $1007361.36   | 1.44%             | 2033-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE              | City of Whiting IN                                                               | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $706375.88    | 1.01%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM              | Arkansas Development Finance Authority                                           | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250199.25    | 0.36%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING               | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70870JHR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512584.00    | 0.73%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI              | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                       | CUSIP: 709221VY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $350284.08    | 0.50%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A              | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647LY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $685022.26    | 0.98%             | 2040-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV              | Build NYC Resource Corp                                                          | CUSIP: 12008ETX4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    750000 | PA      | $755399.78    | 1.08%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM              | North Carolina Medical Care Commission                                           | CUSIP: 65820YSV9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    380000 | PA      | $389539.06    | 0.56%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUTNAM CNTY FL DEV AUTH                     | Putnam County Development Authority/FL                                           | CUSIP: 746507AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $743861.10    | 1.06%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDUCTNL FAC AU              | Volusia County Educational Facility Authority                                    | CUSIP: 928836MZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401105.40    | 0.57%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HLTH FACS AUTH REVENU              | Idaho Health Facilities Authority                                                | CUSIP: 451295ZT9<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    505000 | PA      | $523597.74    | 0.75%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C              | Kentucky State Property & Building Commission                                    | CUSIP: 49151FY87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271204.90    | 0.39%             | 2042-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KERN CA CMNTY CLG DIST                      | Kern Community College District                                                  | CUSIP: 492244GS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096363.80   | 1.57%             | 2040-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER NY TOBACCO ASSET S              | Westchester Tobacco Asset Securitization Corp                                    | CUSIP: 957480BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $460655.78    | 0.66%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR              | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     77000 | PA      | $75575.13     | 0.11%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL SCH BRD COPS                  | Pasco County School Board                                                        | CUSIP: 702528NB2<br>LEI: 549300NYEDMC7IDJPE68 | Long             | DBT              | MUN               | US        |    285000 | PA      | $302607.21    | 0.43%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL              | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 57421CGC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750000.00    | 1.07%             | 2046-06-01      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT FACS REVE              | County of Broward FL Port Facilities Revenue                                     | CUSIP: 11506KGV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $331539.17    | 0.47%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP                   | Maryland Economic Development Corp                                               | CUSIP: 574205GR5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003304.30   | 1.44%             | 2036-10-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-23

**Name of Applicant:** First Trust Series Fund

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

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