# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-26-008626
**Filing Date:** 2026-4
**Character Count:** 96154
**Document Hash:** 9f62d3aba44d8f41745e7e4964c7f2d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-008626.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0002071691-26-008626

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000757010

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 26887704

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

## Series and Classes Contracts Data

### FRANKLIN NEW JERSEY TAX-FREE INCOME FUND (Series ID: S000006923)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018781 | CLASS A1      | FRNJX           |
| C000018783 | CLASS C       | FNIIX           |
| C000068551 | ADVISOR CLASS | FNJZX           |
| C000194364 | Class R6      | FNJRX           |
| C000205902 | Class A       | FNJQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Tax Free Trust

- **b. Investment Company Act file number:** 811-04149

- **c. CIK number of Registrant:** 0000757010

- **d. LEI of Registrant:** 549300C12HCE48FV1C70

- **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 New Jersey Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006923

- **c. LEI of Series:** 5493002I0DFST576NS47

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2026-02-28

**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:** $838770679.34

**Total Liabilities:** $2544083.14

**Net Assets:** $836226596.20

**Cash Not Reported:** $7804361.77

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -2262.27000000 | **5-Year:** -17659.66000000 | **10-Year:** -218949.09000000 | **30-Year:** -264822.58000000

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

- **3-Month:** 0.00000000 | **1-Year:** -95.11000000 | **5-Year:** -633.45000000 | **10-Year:** -21065.09000000 | **30-Year:** -24695.78000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018781 | -0.01%               | 0.66%                | 1.20%                |
| Class ID C000018783 | -0.06%               | 0.61%                | 1.24%                |
| Class ID C000068551 | -0.00%               | 0.67%                | 1.21%                |
| Class ID C000194364 | 0.01%                | 0.68%                | 1.32%                |
| Class ID C000205902 | 0.07%                | 0.55%                | 1.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21.96                   | $-2150439.96                               |
| Month 2  | $0.00                    | $2683931.33                                |
| Month 3  | $-187390.75              | $8679684.50                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Atlantic County Improvement Authority (The)                  | Atlantic County Improvement Authority (The), Series 2021 A                  | CUSIP: 048501JQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1422793.65   | 0.17%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                       | California Municipal Finance Authority, Series 2022 A-1                     | CUSIP: 130483EV8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1095416.92   | 0.13%             | 2037-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281PAB3<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1781296.55   | 0.21%             | 2047-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281PAC1<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2182846.26   | 0.26%             | 2052-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281UAB2<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266913.50    | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281UAC0<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1806760.60   | 0.22%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281UAD8<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2948301.60   | 0.35%             | 2052-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                   | Capital Trust Agency, Inc., Series 2021 A-1                                 | CUSIP: 14052TDU5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   4536000 | PA      | $4177826.10   | 0.50%             | 2036-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                   | Capital Trust Agency, Inc., Series 2021 A-1                                 | CUSIP: 14052TDY7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    850000 | PA      | $603839.58    | 0.07%             | 2057-01-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                      | Capital Trust Authority, Series 2024                                        | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5350000 | PA      | $4582850.66   | 0.55%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 A              | CUSIP: 14760RBS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1325623.59   | 0.16%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 B              | CUSIP: 14760RCL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1303708.20   | 0.16%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 B              | CUSIP: 14760RCM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $886865.43    | 0.11%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 B              | CUSIP: 14760RCN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1011805.96   | 0.12%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $993007.76    | 0.12%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037334.70   | 0.12%             | 2037-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1056139.72   | 0.13%             | 2038-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1105846.18   | 0.13%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5725000 | PA      | $5866219.72   | 0.70%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp.                         | City of Dallas, Series 2022 A                                               | CUSIP: 23529CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1916888.80   | 0.23%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                               | Delaware River & Bay Authority, Series 2019                                 | CUSIP: 246317GV7<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12539556.25  | 1.50%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                               | Delaware River & Bay Authority, Series 2021                                 | CUSIP: 246317HN4<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1709151.50   | 0.20%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                               | Delaware River & Bay Authority, Series 2024 A                               | CUSIP: 246317KC4<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1424640.18   | 0.17%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Joint Toll Bridge Commission                  | Delaware River Joint Toll Bridge Commission, Series 2017                    | CUSIP: 246343LJ4<br>LEI: 549300N6IGAQMI0JLE23 | Long             | DBT              | MUN               | US        |  19500000 | PA      | $19919981.25  | 2.38%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2018 A                                | CUSIP: 246352HB7<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   7010000 | PA      | $7421008.22   | 0.89%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2018 A                                | CUSIP: 246352HC5<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3866411.79   | 0.46%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2018 A                                | CUSIP: 246352HD3<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   9565000 | PA      | $10113557.53  | 1.21%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2025                                  | CUSIP: 246352JJ8<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2302609.20   | 0.28%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2025                                  | CUSIP: 246352JK5<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5706220.00   | 0.68%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2021                             | CUSIP: 29681CBE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1662582.91   | 0.20%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2021                             | CUSIP: 29681CBG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2371010.67   | 0.28%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2021                             | CUSIP: 29681CBH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4925000 | PA      | $4228561.66   | 0.51%             | 2056-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2024 A                           | CUSIP: 29681CBJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $392797.35    | 0.05%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2024 A                           | CUSIP: 29681CBK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497353.80    | 0.06%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $779694.38    | 0.09%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $725202.73    | 0.09%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $619619.46    | 0.07%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4925000 | PA      | $5144029.03   | 0.62%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5167806.00   | 0.62%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2024                  | CUSIP: 37970PLW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5186491.50   | 0.62%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2025                  | CUSIP: 37970PNH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1333273.44   | 0.16%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2025                  | CUSIP: 37970PNJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1536605.70   | 0.18%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority            | Antonio B Won Pat International Airport Authority, Series 2024 A            | CUSIP: 40064RFZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1061589.60   | 0.13%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                         | Guam Power Authority, Series 2024 A                                         | CUSIP: 400653LA7<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | GU        |    500000 | PA      | $551293.95    | 0.07%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                         | Guam Government Waterworks Authority, Series 2020 A                         | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    850000 | PA      | $867561.94    | 0.10%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                         | Guam Government Waterworks Authority, Series 2025 A                         | CUSIP: 40065FFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   5700000 | PA      | $5922199.11   | 0.71%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                         | Guam Government Waterworks Authority, Series 2025 A                         | CUSIP: 40065FFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   6300000 | PA      | $6622082.46   | 0.79%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                            | Territory of Guam, Series 2025 G                                            | CUSIP: 40065NDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    500000 | PA      | $561306.80    | 0.07%             | 2039-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                            | Territory of Guam, Series 2025 G                                            | CUSIP: 40065NDG9<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1115334.20   | 0.13%             | 2040-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Haven at Elgin LLC                                           | Haven at Elgin LLC                                                          | CUSIP: 41935HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1693331.15   | 0.20%             | 2053-12-31      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| Hudson County Improvement Authority                          | Hudson County Improvement Authority, Series 2016                            | CUSIP: 443730MH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6008880.00   | 0.72%             | 2051-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hudson County Improvement Authority                          | Hudson County Improvement Authority, Series 2019                            | CUSIP: 443731CW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018072.60   | 0.12%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jersey City Municipal Utilities Authority                    | Jersey City Municipal Utilities Authority, Series 2025 E                    | CUSIP: 476623DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1510922.16   | 0.18%             | 2055-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Jersey City Municipal Utilities Authority                    | Jersey City Municipal Utilities Authority, Series 2024 C                    | CUSIP: 476624DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1596840.45   | 0.19%             | 2054-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Middlesex County Improvement Authority                       | Middlesex County Improvement Authority, Series 2023 A                       | CUSIP: 596564RX4<br>LEI: 549300QDGS1CLXDHV188 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1103725.88   | 0.13%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monmouth NJ                                        | County of Monmouth, Series 2025 ABCE                                        | CUSIP: 609561PW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6780000 | PA      | $8073855.88   | 0.97%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monmouth NJ                                        | County of Monmouth, Series 2025 ABCE                                        | CUSIP: 609561PX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3580000 | PA      | $4216074.71   | 0.50%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monmouth County Improvement Authority (The)                  | Monmouth County Improvement Authority (The), Series 2022 C                  | CUSIP: 60956PF56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1178405.22   | 0.14%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Brunswick Parking Authority                              | New Brunswick Parking Authority, Series 2016 A                              | CUSIP: 642835PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5049454.00   | 0.60%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017                      | CUSIP: 64577B4L5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6096073.20   | 0.73%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017 A                    | CUSIP: 64577BG24<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    640000 | PA      | $645335.74    | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017 A                    | CUSIP: 64577BG32<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    600000 | PA      | $602299.44    | 0.07%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017 A                    | CUSIP: 64577BG40<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1452096.00   | 0.17%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series A                         | CUSIP: 64577BHW7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6967030.00   | 0.83%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2021 QQQ                  | CUSIP: 64577XCQ7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2547830.50   | 0.30%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2021 QQQ                  | CUSIP: 64577XCT1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1204496.63   | 0.14%             | 2046-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2022 A                    | CUSIP: 64577XEE2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5184651.50   | 0.62%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2019                      | CUSIP: 645780FJ1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7245000 | PA      | $7360349.82   | 0.88%             | 2059-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2019                      | CUSIP: 645780FK8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $5443394.16   | 0.65%             | 2059-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017                      | CUSIP: 64578CCE9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254987.80    | 0.03%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017                      | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  19175000 | PA      | $19206594.65  | 2.30%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016 A        | CUSIP: 645790AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18500000 | PA      | $18537321.90  | 2.22%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016          | CUSIP: 645790CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5850000 | PA      | $5861618.10   | 0.70%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2008 A        | CUSIP: 645790ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85175.64     | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016          | CUSIP: 645790FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10020601.00  | 1.20%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016 A        | CUSIP: 645790FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10059378.00  | 1.20%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2017 A        | CUSIP: 645790KE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11288660.90  | 1.35%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2017 A        | CUSIP: 645790LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7129686.20   | 0.85%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2017 A        | CUSIP: 645790LQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8084730.78   | 0.97%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790MV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029485.50   | 0.12%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $4027199.20   | 0.48%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790MY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2232966.78   | 0.27%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790NA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11443480.80  | 1.37%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2021          | CUSIP: 645790NX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $782012.78    | 0.09%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2021          | CUSIP: 645790PD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $808371.80    | 0.10%             | 2046-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2024 A        | CUSIP: 645790TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5115000 | PA      | $5448425.88   | 0.65%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2024 A        | CUSIP: 645790UQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6388282.80   | 0.76%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2009 B        | CUSIP: 64579FYJ6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   4285000 | PA      | $4285000.00   | 0.51%             | 2043-07-01      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2009 C        | CUSIP: 64579FYK3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  15885000 | PA      | $15885000.00  | 1.90%             | 2043-07-01      | Variable      | 0.30%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology/NJ                        | New Jersey Institute of Technology, Series 2025 A                           | CUSIP: 64579REC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5839084.73   | 0.70%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology/NJ                        | New Jersey Institute of Technology, Series 2025 A                           | CUSIP: 64579REF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1888790.58   | 0.23%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2024          | CUSIP: 64579XEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085372.80   | 0.25%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Infrastructure Bank                               | New Jersey Infrastructure Bank, Series 2022 A-2                             | CUSIP: 64580CNN3<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |   6070000 | PA      | $6376846.39   | 0.76%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Infrastructure Bank                               | New Jersey Infrastructure Bank, Series 2024 A-W1                            | CUSIP: 64580CQC4<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2139490.80   | 0.26%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2025                      | CUSIP: 645912FZ4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $547894.15    | 0.07%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2025                      | CUSIP: 645912GA8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    675000 | PA      | $692759.59    | 0.08%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2025                      | CUSIP: 645912GB6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    900000 | PA      | $902858.49    | 0.11%             | 2055-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2005 N-1                  | CUSIP: 6459165H6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   8660000 | PA      | $9083956.36   | 1.09%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                          | State of New Jersey, Series 2020 A                                          | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4904828.55   | 0.59%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                          | State of New Jersey, Series 2020 A                                          | CUSIP: 646039YR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3507113.60   | 0.42%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                          | State of New Jersey, Series 2020 A                                          | CUSIP: 646039YS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11012717.00  | 1.32%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 1998-1                  | CUSIP: 646065LW0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258509.65    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 D                  | CUSIP: 6460663G3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1161096.58   | 0.14%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 A                  | CUSIP: 6460666J4<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4098678.00   | 0.49%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 A                  | CUSIP: 6460666K1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  11640000 | PA      | $10287266.71  | 1.23%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 C                  | CUSIP: 6460667A2<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $956894.88    | 0.11%             | 2049-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 C                  | CUSIP: 6460667B0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1782744.55   | 0.21%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066J35<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3955000 | PA      | $4071873.41   | 0.49%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066L73<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1637920.32   | 0.20%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066L99<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   9430000 | PA      | $9550479.57   | 1.14%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066M23<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   4085000 | PA      | $4105816.34   | 0.49%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 C                  | CUSIP: 646066MA5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400415.64    | 0.05%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 C                  | CUSIP: 646066MC1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1301001.65   | 0.16%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 H                  | CUSIP: 646066NN6<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2208976.50   | 0.26%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 H                  | CUSIP: 646066NP1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5008807.50   | 0.60%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 D                  | CUSIP: 646066V49<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3945000 | PA      | $3979594.49   | 0.48%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2023 A                  | CUSIP: 646067FV5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044630.80   | 0.24%             | 2048-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2023 A                  | CUSIP: 646067FW3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115201.60   | 0.25%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 B                  | CUSIP: 646067GX0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4917489.50   | 0.59%             | 2053-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 B                  | CUSIP: 646067GY8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9272727.35   | 1.11%             | 2054-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 A-2                | CUSIP: 646067HP6<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2489813.86   | 0.30%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 A                  | CUSIP: 646067JJ8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1137253.50   | 0.14%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 A                  | CUSIP: 646067JM1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097064.30   | 0.13%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2019 B     | CUSIP: 646080UN9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1755420.51   | 0.21%             | 2039-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2020 A     | CUSIP: 646080UX7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3405000 | PA      | $3395726.82   | 0.41%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2020 C     | CUSIP: 646080VG3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1536360.53   | 0.18%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2021 B     | CUSIP: 646080VW8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2830000 | PA      | $3053828.66   | 0.37%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2023 C     | CUSIP: 646080XL0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3050698.13   | 0.36%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2024 C     | CUSIP: 646080YC9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045966.40   | 0.24%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2025 1-A   | CUSIP: 646080YM7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1655344.35   | 0.20%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2025 1-C   | CUSIP: 646080YY1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3127851.90   | 0.37%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2024 D-1               | CUSIP: 6461087G9<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3133532.40   | 0.37%             | 2045-11-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2019 A                 | CUSIP: 646108D31<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    510000 | PA      | $438866.58    | 0.05%             | 2044-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2018 A                 | CUSIP: 646108YC8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1099787.70   | 0.13%             | 2043-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2025 A                 | CUSIP: 646127FS4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   4225000 | PA      | $4515379.60   | 0.54%             | 2041-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2009 A               | CUSIP: 6461362S9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $6154593.00   | 0.74%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2019 BB              | CUSIP: 6461365M9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5970627.60   | 0.71%             | 2044-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2020 AA              | CUSIP: 6461367K1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   8435000 | PA      | $8825758.97   | 1.06%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2020 AA              | CUSIP: 6461367L9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3670000 | PA      | $3419504.88   | 0.41%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2006 C               | CUSIP: 646136EW7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8078375.00   | 0.97%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2009 A               | CUSIP: 646136WP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8304319.00   | 0.99%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2009 A               | CUSIP: 646136WS6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $353492.30    | 0.04%             | 2036-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2010 A               | CUSIP: 646136XG1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4550613.00   | 0.54%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2010 A               | CUSIP: 646136XQ9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $2745863.38   | 0.33%             | 2040-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2017 B                                | CUSIP: 6461397M1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1392075.94   | 0.17%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2019 C                 | CUSIP: 64613ABR2<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3959182.02   | 0.47%             | 2044-10-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACT7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   4005000 | PA      | $3494949.63   | 0.42%             | 2035-10-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACU4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   8020000 | PA      | $6541151.30   | 0.78%             | 2040-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACV2<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3205000 | PA      | $2415088.01   | 0.29%             | 2045-10-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACW0<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $1675440.96   | 0.20%             | 2050-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2025 M                 | CUSIP: 64613ALR1<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2590603.75   | 0.31%             | 2045-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 A               | CUSIP: 64613CAD0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039322.40   | 0.24%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 BB              | CUSIP: 64613CBL1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2425376.40   | 0.29%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 BB              | CUSIP: 64613CBM9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7325000 | PA      | $7116509.26   | 0.85%             | 2046-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 CC              | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1510983.38   | 0.18%             | 2050-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2023 A               | CUSIP: 64613CCT3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4508130.80   | 0.54%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2023 A               | CUSIP: 64613CCV8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2805328.00   | 0.34%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2023 BB              | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2122717.20   | 0.25%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2024 CC              | CUSIP: 64613CGH5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   9555000 | PA      | $10174722.97  | 1.22%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2024 CC              | CUSIP: 64613CGJ1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1205683.50   | 0.14%             | 2050-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2017 G                                | CUSIP: 646140CT8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5018230.50   | 0.60%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2019 A                                | CUSIP: 646140DD2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $15896000.20  | 1.90%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2021 A                                | CUSIP: 646140DK6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4010000 | PA      | $3896038.61   | 0.47%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2022 B                                | CUSIP: 646140ET6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5088489.50   | 0.61%             | 2048-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2024 B                                | CUSIP: 646140FY4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1466059.50   | 0.18%             | 2054-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2024 B                                | CUSIP: 646140FZ1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2134063.80   | 0.26%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2024 C                                | CUSIP: 646140GA5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  13900000 | PA      | $15481992.36  | 1.85%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2024 C                                | CUSIP: 646140GB3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   7360000 | PA      | $8123416.00   | 0.97%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2025 A                                | CUSIP: 646140JF1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10750190.00  | 1.29%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ Mass Transit Access Tax Revenue            | City of Newark, Series 2022                                                 | CUSIP: 650360AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099855.30   | 0.13%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ Mass Transit Access Tax Revenue            | City of Newark, Series 2022                                                 | CUSIP: 650360AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1613895.75   | 0.19%             | 2052-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ Mass Transit Access Tax Revenue            | City of Newark, Series 2022                                                 | CUSIP: 650360AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1109649.70   | 0.13%             | 2062-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $645170.96    | 0.08%             | 2039-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $682988.93    | 0.08%             | 2040-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $675824.93    | 0.08%             | 2041-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $623104.58    | 0.07%             | 2042-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Newark Housing Authority                                     | Newark Housing Authority, Series 2017                                       | CUSIP: 65037RCU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19245000 | PA      | $19413287.90  | 2.32%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department      | State of Oregon Housing & Community Services Department, Series 2022 II-1   | CUSIP: 68608END0<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116796.60   | 0.25%             | 2039-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $181201.86    | 0.02%             | 2033-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $696120.75    | 0.08%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018145.20   | 0.12%             | 2053-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021170.00   | 0.12%             | 2058-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2025                     | CUSIP: 70275QAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $738852.61    | 0.09%             | 2033-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2025                     | CUSIP: 70275QAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025748.70   | 0.12%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2025                     | CUSIP: 70275QAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $639609.13    | 0.08%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                  | Pecan Public Facility Corp., Series 2022 A-2                                | CUSIP: 705125AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2080412.10   | 0.25%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                      | Port Authority of New York & New Jersey, Series 242                         | CUSIP: 73358XKP6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6357289.38   | 0.76%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                      | Port Authority of New York & New Jersey, Series 244                         | CUSIP: 73358XMG4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7886925.00   | 0.94%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                      | Port Authority of New York & New Jersey, Series 250                         | CUSIP: 73358XQW5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2709148.25   | 0.32%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                      | Port Authority of New York & New Jersey, Series 250                         | CUSIP: 73358XQX3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6937429.76   | 0.83%             | 2051-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2022 A                                     | CUSIP: 74441XHM4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2019419.00   | 0.24%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2024 A-2                                   | CUSIP: 74441XHX0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3225000 | PA      | $2167404.79   | 0.26%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2025 A-1                                   | CUSIP: 74441XJD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2154339.67   | 0.26%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2025 A-2                                   | CUSIP: 74441XJE0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  11450000 | PA      | $5758240.50   | 0.69%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2022, Class B-1                            | CUSIP: 74442PVW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1259878.05   | 0.15%             | 2044-12-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                         | Puerto Rico Electric Power Authority, Series VV                             | CUSIP: 74526Q2Q4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1200000 | PA      | $1231541.88   | 0.15%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue      | Puerto Rico Sales Tax Financing Corp., Series A-1                           | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  10000000 | PA      | $9815285.00   | 1.17%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue      | Puerto Rico Sales Tax Financing Corp., Series A-2                           | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    850000 | PA      | $823575.46    | 0.10%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                     | Development Authority of Rockdale County, Series 2025 A-1                   | CUSIP: 77300QAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $460112.64    | 0.06%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                     | Development Authority of Rockdale County, Series 2025 A-1                   | CUSIP: 77300QAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $1265610.80   | 0.15%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority | South Carolina State Housing Finance & Development Authority, Series 2021 A | CUSIP: 83712EHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $876277.25    | 0.10%             | 2039-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp.                                      | South Jersey Port Corp., Series 2017 B                                      | CUSIP: 838530RC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $646276.88    | 0.08%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp.                                      | South Jersey Port Corp., Series 2017 B                                      | CUSIP: 838530RD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1817676.78   | 0.22%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp.                                      | South Jersey Port Corp., Series 2017 B                                      | CUSIP: 838530RH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4625000 | PA      | $4646278.24   | 0.56%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2020 A                        | CUSIP: 838536LM0<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5984183.70   | 0.72%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2022 A                        | CUSIP: 838536MP2<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6098754.60   | 0.73%             | 2047-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2022 A                        | CUSIP: 838536MR8<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   5540000 | PA      | $5758962.41   | 0.69%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2025 A                        | CUSIP: 838536NP1<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2426847.10   | 0.29%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                           | Tobacco Settlement Financing Corp., Series 2018 A                           | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $17123816.10  | 2.05%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Union County Improvement Authority                           | Union County Improvement Authority, Series 2024                             | CUSIP: 906347YX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5399414.35   | 0.65%             | 2054-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                  | Washington State Housing Finance Commission, Series 2021 A                  | CUSIP: 939783H58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1248265.48   | 0.15%             | 2037-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Franklin Tax Free Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer