# EDGAR Filing Document

**Accession Number:** 0001426439
**File Stem:** 0000940400-26-011510
**Filing Date:** 2026-3
**Character Count:** 77352
**Document Hash:** acd72605320e26938d41ded603f0d5bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-011510.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000940400-26-011510

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New York Life Investments Active ETF Trust
- **CENTRAL INDEX KEY:** 0001426439

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22739
- **FILM NUMBER:** 26792925

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 576-5018

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NYLI MacKay Core Plus Bond ETF
- **DATE OF NAME CHANGE:** 20241203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** New York Life Investments Active ETF Trust
- **DATE OF NAME CHANGE:** 20240822

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IndexIQ Active ETF Trust
- **DATE OF NAME CHANGE:** 20080207

## Series and Classes Contracts Data

### NYLI MacKay Muni Short Duration ETF (Series ID: S000090646)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000257922 | NYLI MacKay Muni Short Duration ETF |  |

## Nport-Ex

Schedule of Investments ─ NYLI MacKay Muni Short Duration ETF

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Long-Term Bonds — 101.6%** | **Long-Term Bonds — 101.6%** | **Long-Term Bonds — 101.6%** |
| **Corporate Bonds — 3.4%** |  |  |
| Lifespan Corp. |  |  |
| &nbsp;&nbsp;Series 2025 |  |  |
| &nbsp;&nbsp;5.050%, due 2/15/30 | $500000 | $506997 |
| Toledo Hospital (The) |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.325%, due 11/15/28 | 750000 | 761637 |
| Toll Road Investors Partnership II LP |  |  |
| &nbsp;&nbsp;&nbsp;6.220%, due 2/15/29<sup>(a)</sup> | 500000 | 416182 |
| &nbsp;&nbsp;&nbsp;6.670%, due 2/15/32<sup>(a)</sup> | 400000 | 270805 |
| **Total Corporate Bonds** |  |  |
| &nbsp;&nbsp;**(Cost $1,952,212)** |  | 1955621 |
| **Municipal Bonds — 98.2%** |  |  |
| **Alabama — 4.1%** |  |  |
| Black Belt Energy Gas District, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 10/1/52<sup>(b)(c)</sup> | 100000 | 101096 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/30 | 100000 | 107029 |
| Southeast Energy Authority A Cooperative District, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 11/1/51<sup>(b)(c)</sup> | 400000 | 407592 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 5/1/55<sup>(b)(c)</sup> | 405000 | 433042 |
| &nbsp;&nbsp;Series E |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/30 | 500000 | 542853 |
| State of Alabama Docks Department, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AGM |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/27 | 750000 | 774415 |
|  |  | 2366027 |
| **Alaska — 0.6%** |  |  |
| Alaska Municipal Bond Bank Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.500%, due 10/1/42 | 350000 | 361867 |
| **Arizona — 2.6%** |  |  |
| Maricopa County Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.375%, due 5/1/33 | 500000 | 498138 |
| Tempe Industrial Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;3.500%, due 12/1/30 | 1000000 | 1003948 |
|  |  | 1502086 |
| **California — 4.0%** |  |  |
| California Community Choice Financing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 7/1/53<sup>(b)(c)</sup> | 420000 | 444194 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 1/1/55<sup>(b)(c)</sup> | 475000 | 501255 |
| California Municipal Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;2.950%, due 1/1/56<sup>(b)(c)</sup> | 500000 | 502818 |
| &nbsp;&nbsp;5.000%, due 12/1/27 | 100000 | 102970 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **California (continued)** |  |  |
| Los Angeles Department of Water & Power, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/30 | $200000 | $222204 |
| State of California, General Obligation Bonds |  |  |
| &nbsp;&nbsp;4.875%, due 9/1/30 | 500000 | 519716 |
|  |  | 2293157 |
| **Colorado — 1.8%** |  |  |
| Adams & Arapahoe Counties Joint School District 28J Aurora, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: ST AID WITHHLDG |  |  |
| &nbsp;&nbsp;5.500%, due 12/1/26 | 300000 | 308186 |
| Southglenn Metropolitan District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/30 | 755000 | 755789 |
|  |  | 1063975 |
| **Connecticut — 0.9%** |  |  |
| Connecticut State Higher Education Supplement Loan Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 11/15/45<sup>(b)(c)</sup> | 500000 | 501762 |
| **Florida — 3.3%** |  |  |
| County of Miami-Dade Seaport Department, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 10/1/30 | 450000 | 489247 |
| Currents Community Development District, Special Assessment |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.500%, due 5/1/30 | 290000 | 287782 |
| Epperson North Community Development District, Special Assessment |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.100%, due 11/1/31 | 250000 | 240872 |
| Florida Housing Finance Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;&nbsp;3.000%, due 3/1/43<sup>(b)(c)</sup> | 250000 | 250621 |
| Village Community Development District No 13, Special Assessment |  |  |
| &nbsp;&nbsp;2.550%, due 5/1/31 | 250000 | 242433 |
| Village Community Development District No 15, Special Assessment |  |  |
| &nbsp;&nbsp;4.250%, due 5/1/28 | 385000 | 390278 |
|  |  | 1901233 |
| **Georgia — 7.1%** |  |  |
| Atlanta Development Authority (The), Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;8.125%, due 7/1/30 | 1000000 | 981786 |
| Atlanta Urban Residential Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.200%, due 5/1/29<sup>(b)(c)</sup> | 1000000 | 1004410 |
| Fulton County Residential Care Facilities for the Elderly Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/31 | 1000000 | 1006225 |

---

Schedule of Investments ─ NYLI MacKay Muni Short Duration ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Georgia (continued)** |  |  |
| Main Street Energy, Inc., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/33 | $500000 | $539625 |
| Main Street Natural Gas, Inc., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, due 5/1/52<sup>(b)(c)</sup> | 150000 | 152835 |
| &nbsp;&nbsp;Series E |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 5/1/55<sup>(b)(c)</sup> | 400000 | 430814 |
|  |  | 4115695 |
| **Guam — 0.6%** |  |  |
| Territory of Guam, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series F |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/29 | 315000 | 333893 |
| **Hawaii — 0.8%** |  |  |
| Kauai County Community Facilities District, Special Tax |  |  |
| &nbsp;&nbsp;4.000%, due 5/15/30 | 470000 | 482706 |
| **Illinois — 5.0%** |  |  |
| Sales Tax Securitization Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/28 | 465000 | 484727 |
| State of Illinois, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series D |  |  |
| &nbsp;&nbsp;5.000%, due 11/1/27 | 500000 | 520785 |
| Village of Pingree Grove IL, Special Tax |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;3.500%, due 3/1/31 | 1250000 | 1260735 |
| Village of Rantoul IL, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/29 | 580000 | 616107 |
|  |  | 2882354 |
| **Indiana — 6.0%** |  |  |
| Center Grove Community School Corp., General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: ST AID INTERCEPT |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/27 | 250000 | 254472 |
| Indiana Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, due 10/1/64<sup>(b)(c)</sup> | 250000 | 268846 |
| &nbsp;&nbsp;Series C |  |  |
| &nbsp;&nbsp;3.000%, due 11/1/30 | 250000 | 246557 |
| Indiana Housing & Community Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 3 Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 7/1/54 | 390000 | 411597 |
| &nbsp;&nbsp;Series B Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;1.800%, due 7/1/32 | 200000 | 177572 |
| &nbsp;&nbsp;Series B2 Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;4.000%, due 1/1/28 | 100000 | 101371 |
| Indiana Secondary Market for Education Loans, Inc., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1A |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/28 | 400000 | 414171 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Indiana (continued)** |  |  |
| Indianapolis Local Public Improvement Bond Bank, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B2 |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/28 | $450000 | $469348 |
| New Palestine Community Schools, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: ST AID INTERCEPT |  |  |
| &nbsp;&nbsp;5.000%, due 1/15/27 | 350000 | 357926 |
| Seymour Elementary School Building Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: ST AID INTERCEPT |  |  |
| &nbsp;&nbsp;5.000%, due 7/15/27 | 750000 | 775014 |
|  |  | 3476874 |
| **Iowa — 0.9%** |  |  |
| Kirkwood Community College, General Obligation Bonds |  |  |
| &nbsp;&nbsp;3.000%, due 6/1/32 | 500000 | 500170 |
| **Kansas — 0.8%** |  |  |
| County of Johnson KS, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;2.000%, due 9/1/31 | 500000 | 466827 |
| **Kentucky — 2.4%** |  |  |
| Kentucky Higher Education Student Loan Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;5.255%, due 6/1/28 | 500000 | 511891 |
| Kentucky Housing Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series D Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 7/1/55 | 450000 | 479364 |
| Kentucky Public Energy Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;5.250%, due 6/1/55<sup>(b)(c)</sup> | 400000 | 425625 |
|  |  | 1416880 |
| **Louisiana — 0.9%** |  |  |
| Louisiana Public Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 5/15/30 | 450000 | 490846 |
| **Maryland — 1.4%** |  |  |
| Maryland Health & Higher Educational Facilities Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/26 | 800000 | 808296 |
| **Michigan — 2.5%** |  |  |
| City of Muskegon Heights MI Water Supply System Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: NATL |  |  |
| &nbsp;&nbsp;4.500%, due 11/1/30 | 285000 | 285367 |

---

Schedule of Investments ─ NYLI MacKay Muni Short Duration ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Michigan (continued)** |  |  |
| Michigan Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.267%, due 6/1/39 | $170000 | $161802 |
| &nbsp;&nbsp;Series MI |  |  |
| &nbsp;&nbsp;&nbsp;3.130%, due 12/1/39<sup>(b)(c)</sup> | 1000000 | 1000119 |
|  |  | 1447288 |
| **Minnesota — 2.6%** |  |  |
| City of Mankato MN, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;2.125%, due 2/1/27 | 500000 | 497284 |
| County of Washington MN, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;2.100%, due 2/1/27 | 500000 | 496363 |
| Minnesota Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series U Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 7/1/54 | 495000 | 522393 |
|  |  | 1516040 |
| **Missouri — 0.5%** |  |  |
| Kansas City Land Clearance Redevelopment Authority, Tax Allocation |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;4.375%, due 2/1/31 | 275000 | 275452 |
| **Montana — 0.2%** |  |  |
| City of Forsyth MT, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;3.875%, due 10/1/32 | 100000 | 104302 |
| **Nebraska — 0.5%** |  |  |
| Nebraska Investment Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series H Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 9/1/53 | 250000 | 263473 |
| **Nevada — 0.5%** |  |  |
| Sparks Tourism Improvement District No 1, Revenue Bonds |  |  |
| &nbsp;&nbsp;3.875%, due 6/15/28 | 275000 | 276413 |
| **New Hampshire — 3.6%** |  |  |
| New Hampshire Business Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;4.000%, due 1/1/30 | 280000 | 284410 |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;4.000%, due 12/1/28 | 1000000 | 1021241 |
| New Hampshire Housing Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 7/1/56 | 445000 | 513278 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **New Hampshire (continued)** |  |  |
| State of New Hampshire, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;3.000%, due 11/1/29 | $250000 | $250033 |
|  |  | 2068962 |
| **New Jersey — 2.6%** |  |  |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1B |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/27 | 500000 | 517765 |
| Township of Piscataway NJ, General Obligation Bonds |  |  |
| &nbsp;&nbsp;3.000%, due 10/15/27 | 1000000 | 1005063 |
|  |  | 1522828 |
| **New Mexico — 1.1%** |  |  |
| New Mexico Mortgage Finance Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.750%, due 3/1/57 | 500000 | 556762 |
| &nbsp;&nbsp;Series C Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;3.450%, due 9/1/32 | 100000 | 101587 |
|  |  | 658349 |
| **New York — 9.3%** |  |  |
| City of New York NY, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;1.950%, due 2/1/55<sup>(b)(c)</sup> | 1000000 | 1000000 |
| Fallsburg Central School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;2.000%, due 6/15/32 | 400000 | 360814 |
| New York City Housing Development Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2024-8SPR A |  |  |
| &nbsp;&nbsp;5.458%, due 12/15/43 | 1000000 | 1022810 |
| New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 2 |  |  |
| &nbsp;&nbsp;&nbsp;1.950%, due 5/1/55<sup>(b)(c)</sup> | 800000 | 800000 |
| New York Power Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.749%, due 11/15/33 | 250000 | 268384 |
| New York State Energy Research & Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.822%, due 4/1/28 | 500000 | 503618 |
| West Athens Lime Street Fire District, G.O. Unltd Notes |  |  |
| &nbsp;&nbsp;4.250%, due 9/3/26 | 250000 | 251679 |
| Westchester Tobacco Asset Securitization Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/26 | 1200000 | 1207951 |
|  |  | 5415256 |

---

Schedule of Investments ─ NYLI MacKay Muni Short Duration ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **North Carolina — 3.8%** |  |  |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.125%, due 12/1/27<sup>(b)(c)</sup> | $1000000 | $1000816 |
| North Carolina Housing Finance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;6.500%, due 1/1/56 | 450000 | 519881 |
| North Carolina Medical Care Commission, Revenue Bonds |  |  |
| &nbsp;&nbsp;3.450%, due 11/1/30 | 500000 | 501874 |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;3.750%, due 10/1/30 | 200000 | 201051 |
|  |  | 2223622 |
| **North Dakota — 0.5%** |  |  |
| City of Grand Forks ND, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;2.250%, due 12/1/28 | 215000 | 211707 |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;2.500%, due 12/1/28 | 100000 | 99514 |
|  |  | 311221 |
| **Ohio — 1.7%** |  |  |
| County of Fayette OH, Revenue Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;5.250%, due 12/1/28 | 500000 | 533391 |
| Ohio Air Quality Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;3.250%, due 9/1/29 | 465000 | 465565 |
|  |  | 998956 |
| **Oregon — 0.8%** |  |  |
| City of Redmond OR, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/30 | 450000 | 489172 |
| **Pennsylvania — 3.6%** |  |  |
| Pennsylvania Higher Education Assistance Agency, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1A |  |  |
| &nbsp;&nbsp;5.000%, due 6/1/30 | 450000 | 478799 |
| Pennsylvania Turnpike Commission, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/29 | 1250000 | 1367462 |
| Philadelphia Housing Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 3/1/28 | 250000 | 260867 |
|  |  | 2107128 |
| **Rhode Island — 1.2%** |  |  |
| Rhode Island Health and Educational Building Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: AG |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/29 | 75000 | 80007 |
| &nbsp;&nbsp;5.000%, due 7/1/30 | 100000 | 108373 |
| &nbsp;&nbsp;5.000%, due 7/1/31 | 200000 | 218872 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Rhode Island (continued)** |  |  |
| Rhode Island Student Loan Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 12/1/29 | $250000 | $267658 |
|  |  | 674910 |
| **Tennessee — 2.1%** |  |  |
| County of Campbell TN, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: AG |  |  |
| &nbsp;&nbsp;2.000%, due 6/1/31 | 400000 | 374896 |
| Metropolitan Nashville Airport Authority (The), Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/31 | 310000 | 344162 |
| New Memphis Arena Public Building Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;1.090%, due 4/1/27<sup>(a)</sup> | 475000 | 474078 |
|  |  | 1193136 |
| **Texas — 12.5%** |  |  |
| Andrews County Hospital District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 3/15/29 | 355000 | 375585 |
| City of San Antonio TX Airport System, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 7/1/26 | 400000 | 403981 |
| Harris County Municipal Utility District No 490, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;6.500%, due 3/1/28 | 790000 | 851154 |
| Las Varas Public Facility Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;3.350%, due 11/1/44<sup>(b)(c)</sup> | 600000 | 600443 |
| Leander Independent School District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: PSF-GTD |  |  |
| &nbsp;&nbsp;&nbsp;2.620%, due 8/15/28<sup>(a)</sup> | 450000 | 421175 |
| Matagorda County Navigation District No 1, Revenue Bonds |  |  |
| &nbsp;&nbsp;2.600%, due 11/1/29 | 430000 | 419098 |
| Mckinney Municipal Utility District No 2, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;6.500%, due 9/1/31 | 750000 | 838597 |
| Midland County Fresh Water Supply District No 1, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;&nbsp;4.200%, due 9/15/32<sup>(a)</sup> | 500000 | 379822 |
| New Hope Cultural Education Facilities Finance Corp., Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/30 | 895000 | 949511 |
| Texas Department of Housing & Community Affairs, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series B Insured: GNMA COLL |  |  |
| &nbsp;&nbsp;3.650%, due 1/1/28 | 500000 | 506698 |
| Texas Municipal Gas Acquisition & Supply Corp. VI, Revenue Bonds |  |  |
| &nbsp;&nbsp;5.000%, due 1/1/27 | 700000 | 712624 |

---

Schedule of Investments ─ NYLI MacKay Muni Short Duration ETF (continued)

------

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| **Municipal Bonds (continued)** |  |  |
| **Texas (continued)** |  |  |
| University of Houston, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A |  |  |
| &nbsp;&nbsp;5.000%, due 2/15/28 | $175000 | $175391 |
| Viridian Municipal Management District, General Obligation Bonds |  |  |
| &nbsp;&nbsp;Insured: BAM |  |  |
| &nbsp;&nbsp;6.250%, due 12/1/26 | 620000 | 637653 |
|  |  | 7271732 |
| **Virginia — 1.3%** |  |  |
| Virginia Housing Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series 1 |  |  |
| &nbsp;&nbsp;3.550%, due 1/1/27 | 500000 | 502942 |
| &nbsp;&nbsp;Series G |  |  |
| &nbsp;&nbsp;&nbsp;3.125%, due 7/1/56<sup>(b)(c)</sup> | 250000 | 250030 |
|  |  | 752972 |
| **West Virginia — 0.6%** |  |  |
| West Virginia Economic Development Authority, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series RE |  |  |
| &nbsp;&nbsp;&nbsp;3.300%, due 1/1/41<sup>(b)(c)</sup> | 350000 | 353508 |
| **Wisconsin — 3.5%** |  |  |
| PMA Levy & Aid Anticipation Notes Program, Revenue Notes |  |  |
| &nbsp;&nbsp;Series B |  |  |
| &nbsp;&nbsp;5.000%, due 4/2/26 | 1490000 | 1495961 |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue, Revenue Bonds |  |  |
| &nbsp;&nbsp;Series A Insured: GNMA/FNMA/FHLMC |  |  |
| &nbsp;&nbsp;5.750%, due 9/1/56 | 500000 | 557037 |
|  |  | 2052998 |
| **Total Municipal Bonds** |  |  |
| &nbsp;&nbsp;**(Cost $56,370,928)** |  | 56942366 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Short-Term Investment — 0.6%** |  |  |
| **Money Market Fund — 0.6%** |  |  |
| Dreyfus Government Cash Management Fund, Institutional Shares, 3.58%<sup>(d)</sup> |  |  |
| **(Cost $359,970)** | 359970 | 359970 |
| **Total Investments — 102.2%<br> (Cost $58,683,110)** |  | 59257957 |
| **Other Assets and Liabilities,<br> Net — (2.2)%** |  | (1274223) |
| **Net Assets — 100.0%** |  | $57983734 |

---

------

(a) The security was issued on a discount
 basis with no stated coupon rate. Rate shown reflects the effective yield.

(b) Variable rate securities that may be tendered back to
 the issuer at any time prior to maturity at par. Rate shown is the rate in effect as of January 31, 2026.

(c) Adjustable rate security with an interest rate that is
 not based on a published reference index and spread. The rate is based on the structure of the agreement and current market conditions.

(d) Reflects the 1-day yield at January 31, 2026.

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| AGM | - Assured Guaranty Municipal Corp. |
| BAM | - Build America Mutual Assurance Co. |
| GTD | - Guaranteed |
| NATL | - National Public Finance Guarantee Corp. |
| PSF-GTD | - Permanent School Fund Guaranteed |
| ST AID WITHHLDG | - State Aid Withholding |

---

Schedule of Investments ─ NYLI MacKay Muni Short Duration ETF (continued)

------

January 31, 2026 (unaudited)

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2026. For more information on the valuation techniques, and their aggregation into the levels used in the table below, please refer to the Fund's most recent semi-annual or annual financial statements.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| Investments in Securities:<sup>(e)</sup> |  |  |  |  |
| &nbsp;&nbsp;Corporate Bonds | $— | $1955621 | $— | $1955621 |
| &nbsp;&nbsp;Municipal Bonds |  | 56942366 |  | 56942366 |
| Short-Term Investment: |  |  |  |  |
| &nbsp;&nbsp;Money Market Fund | 359970 |  |  | 359970 |
| Total Investments in Securities | $359970 | $58897987 | $— | $59257957 |

---

------

(e) For a complete
 listing of investments and their states, see the Schedule of Investments.

For the period ended January 31, 2026, the Fund did not have any transfers into or out of Level 3 within the fair value hierarchy.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** New York Life Investments Active ETF Trust

- **b. Investment Company Act file number:** 811-22739

- **c. CIK number of Registrant:** 0001426439

- **d. LEI of Registrant:** 549300VWZDQ61K9DOP39

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 888-474-7725

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

- **a. Name of Series:** NYLI Mackay Muni Short Duration ETF

- **b. EDGAR series identifier (if any):** S000090646

- **c. LEI of Series:** 529900IUV9ITS9M0DL55

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $59671472.07

**Total Liabilities:** $1681604.41

**Net Assets:** $57989867.66

**Delayed Delivery Securities:** $1452679.10

**Cash Not Reported:** $45659.66

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 265.34714000 | **1-Year:** 4985.75784000 | **5-Year:** 8081.11231000 | **10-Year:** 3204.52001000 | **30-Year:** 26.13294000

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

- **3-Month:** 0.00000000 | **1-Year:** 176.46707000 | **5-Year:** 274.53022000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000257922 | 0.32%                | 0.39%                | 0.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-34373.27               | $68452.05                                  |
| Month 2  | $11353.96                | $32302.94                                  |
| Month 3  | $12069.06                | $231650.66                                 |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond 3 Year

- **Index Identifier:** LEH__LHMN0732

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW JERSEY ST HGR EDU ASSISTAN     | New Jersey Higher Education Student Assistance Authority                        | CUSIP: 646080YN5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517765.30    | 0.89%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T     | Territory of Guam                                                               | CUSIP: 40065NCM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $333892.88    | 0.58%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW PALESTINE CMNTY SCHS IN        | New Palestine Community Schools                                                 | CUSIP: 64782HAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $357925.65    | 0.62%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST                   | State of New Hampshire                                                          | CUSIP: 644682S80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250033.35    | 0.43%             | 2029-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP            | Florida Housing Finance Corp                                                    | CUSIP: 34073JVF3<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250621.55    | 0.43%             | 2043-03-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN      | New Hope Cultural Education Facilities Finance Corp                             | CUSIP: 64542UHT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $949511.32    | 1.64%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REV     | County of Miami-Dade Seaport Department                                         | CUSIP: 59335KEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $489247.20    | 0.84%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                 | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    475000 | PA      | $501254.72    | 0.86%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE     | California Municipal Finance Authority                                          | CUSIP: 13048V3Z9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102970.41    | 0.18%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON CNTY KS                    | County of Johnson KS                                                            | CUSIP: 47844PMJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $466827.10    | 0.81%             | 2031-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND                     | City of Grand Forks ND                                                          | CUSIP: 3854434G8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $211707.02    | 0.37%             | 2028-12-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA HSG DEV AUTH              | Virginia Housing Development Authority                                          | CUSIP: 92812XRF1<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250030.15    | 0.43%             | 2056-07-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM     | North Carolina Medical Care Commission                                          | CUSIP: 65820YVG8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201051.16    | 0.35%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ALASKA ST MUNI BOND BANK AUTH      | Alaska Municipal Bond Bank Authority                                            | CUSIP: 01179RVM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $361867.14    | 0.62%             | 2042-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SEYMOUR IN ELEM SCH BLDG CORP      | Seymour Elementary School Building Corp                                         | CUSIP: 818605EJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $775013.93    | 1.34%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL     | Rhode Island Health and Educational Building Corp                               | CUSIP: 762244NK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80007.08     | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND                     | City of Grand Forks ND                                                          | CUSIP: 3854435Q5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99513.68     | 0.17%             | 2028-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU     | Wisconsin Housing & Economic Development Authority Home Ownership Revenue       | CUSIP: 97689QZN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $557037.25    | 0.96%             | 2056-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH POLLUTION     | New Hampshire Business Finance Authority                                        | CUSIP: 63609YAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021241.00   | 1.76%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO HOSPITAL/THE                | Toledo Hospital/The                                                             | CUSIP: 889184AC1<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |    750000 | PA      | $761637.05    | 1.31%             | 2028-11-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| RANTOUL IL                         | Village of Rantoul IL                                                           | CUSIP: 753279JS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $616107.03    | 1.06%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINGREE GROVE IL SPL SVC AREAS     | Village of Pingree Grove IL                                                     | CUSIP: 72342NAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1260735.25   | 2.17%             | 2031-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH      | New Hampshire Housing Finance Authority                                         | CUSIP: 64469D7Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $513278.26    | 0.89%             | 2056-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH        | New Mexico Mortgage Finance Authority                                           | CUSIP: 647201SJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101586.76    | 0.18%             | 2032-09-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENERGY RESEARCH &      | New York State Energy Research & Development Authority                          | CUSIP: 64985VBG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503617.80    | 0.87%             | 2028-04-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 490                                 | CUSIP: 41430EHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $851153.82    | 1.47%             | 2028-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VIRIDIAN TX MUNI MGMT DIST         | Viridian Municipal Management District                                          | CUSIP: 92823PSG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $637652.76    | 1.10%             | 2026-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KIRKWOOD IA CMNTY CLG              | Kirkwood Community College                                                      | CUSIP: 497592KF1<br>LEI: 549300XT367WU6S5AE66 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500169.90    | 0.86%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                     | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    400000 | PA      | $430813.52    | 0.74%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R     | Indiana Finance Authority                                                       | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268846.38    | 0.46%             | 2064-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ARPT SYS REVENU     | City of San Antonio TX Airport System                                           | CUSIP: 796242TY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403981.56    | 0.70%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG CORP SF MTGE       | Kentucky Housing Corp                                                           | CUSIP: 491309NP1<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |    450000 | PA      | $479364.21    | 0.83%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INV PART II              | Toll Road Investors Partnership II LP                                           | CUSIP: 88948ABE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $416181.69    | 0.72%             | 2029-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REDMOND OR                         | City of Redmond OR                                                              | CUSIP: 757657ZA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $489172.32    | 0.84%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LIFESPAN CORP                      | Lifespan Corp                                                                   | CUSIP: 53229UAA5<br>LEI: I9TGZUV477HZIKUP0045 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506997.37    | 0.87%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH     | West Virginia Economic Development Authority                                    | CUSIP: 95648VBY4<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    350000 | PA      | $353507.81    | 0.61%             | 2041-01-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| PMA LEVY & AID ANTIC NTS PROGR     | PMA Levy & Aid Anticipation Notes Program                                       | CUSIP: 730146DN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1495960.75   | 2.58%             | 2026-04-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO LAND CLEARANCE      | Kansas City Land Clearance Redevelopment Authority                              | CUSIP: 48504MAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275452.07    | 0.48%             | 2031-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS CO JT S     | Adams & Arapahoe Counties Joint School District 28J Aurora                      | CUSIP: 0054824G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308186.25    | 0.53%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                        | State of Illinois                                                               | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520785.35    | 0.90%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C     | Southeast Energy Authority A Cooperative District                               | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    405000 | PA      | $433041.55    | 0.75%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT     | Indiana Housing & Community Development Authority                               | CUSIP: 45505TUD1<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    200000 | PA      | $177572.18    | 0.31%             | 2032-07-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                         | CUSIP: 544532PY4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    200000 | PA      | $222203.98    | 0.38%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REVENUE     | Tempe Industrial Development Authority                                          | CUSIP: 87972MCC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003948.30   | 1.73%             | 2030-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MUSKEGON HEIGHTS MI WTR SYS RE     | City of Muskegon Heights MI Water Supply System Revenue                         | CUSIP: 627763EH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $285366.77    | 0.49%             | 2030-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FALLSBURG NY CENTRL SCH DIST       | Fallsburg Central School District                                               | CUSIP: 306747JW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $360814.44    | 0.62%             | 2032-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER NY TOBACCO ASSET S     | Westchester Tobacco Asset Securitization Corp                                   | CUSIP: 957480BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1207950.60   | 2.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VARAS PUBLIC FAC CORP TX M     | Las Varas Public Facility Corp                                                  | CUSIP: 51766AAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600443.28    | 1.04%             | 2044-11-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH        | New Mexico Mortgage Finance Authority                                           | CUSIP: 64720ABH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $556762.55    | 0.96%             | 2057-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH       | Ohio Air Quality Development Authority                                          | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    465000 | PA      | $465565.16    | 0.80%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI     | Pennsylvania Turnpike Commission                                                | CUSIP: 709225RR9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1367462.13   | 2.36%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LOAN A     | Rhode Island Student Loan Authority                                             | CUSIP: 762315RH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267657.70    | 0.46%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY HOM     | North Carolina Housing Finance Agency                                           | CUSIP: 65820BCH7<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    450000 | PA      | $519880.91    | 0.90%             | 2056-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF HOUSTON TX UNIV REVENU     | University of Houston                                                           | CUSIP: 914302CE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175390.76    | 0.30%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Developm     | New York City Housing Development Corp                                          | CUSIP: 64966TGS7<br>LEI: 549300SQWVHKBRF8D702 | Long             | ABS-MBS          | MUN               | US        |   1000000 | PA      | $1022809.60   | 1.76%             | 2043-12-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| MAIN STREET ENERGY INC ENERGY      | Main Street Energy Inc                                                          | CUSIP: 560354AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $539625.35    | 0.93%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA     | Main Street Natural Gas Inc                                                     | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152835.00    | 0.26%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SPARKS NV TOURISM IMPT DIST #1     | Sparks Tourism Improvement District No 1                                        | CUSIP: 846562AF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $276413.20    | 0.48%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WEST ATHENS LIME STREET FIRE D     | West Athens Lime Street Fire District                                           | CUSIP: 95122AAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251679.43    | 0.43%             | 2026-09-03      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT     | Indiana Housing & Community Development Authority                               | CUSIP: 45505WCC6<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101370.81    | 0.17%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC INDL FACS &     | Cumberland County Industrial Facilities & Pollution Control Financing Authority | CUSIP: 230589AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000815.70   | 1.73%             | 2027-12-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH     | Kentucky Public Energy Authority                                                | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    400000 | PA      | $425625.04    | 0.73%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SENIOR LI     | New Hampshire Business Finance Authority                                        | CUSIP: 63608SAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $284409.41    | 0.49%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY OH HOSP FACS IMPT     | County of Fayette OH                                                            | CUSIP: 312446AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533390.45    | 0.92%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE       | Michigan Finance Authority                                                      | CUSIP: 59447TH97<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    170000 | PA      | $161801.90    | 0.28%             | 2039-06-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1      | Matagorda County Navigation District No 1                                       | CUSIP: 576528DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $419097.91    | 0.72%             | 2029-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                      | State of California                                                             | CUSIP: 13063EHU3<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519715.45    | 0.90%             | 2030-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO     | Southeast Energy Authority A Cooperative District                               | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407591.60    | 0.70%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM     | North Carolina Medical Care Commission                                          | CUSIP: 65820YVR4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501874.30    | 0.87%             | 2030-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT     | Indiana Housing & Community Development Authority                               | CUSIP: 45505TP54<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    390000 | PA      | $411597.11    | 0.71%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL     | Maryland Health & Higher Educational Facilities Authority                       | CUSIP: 57421CJD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $808295.60    | 1.39%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION      | Texas Municipal Gas Acquisition & Supply Corp VI                                | CUSIP: 88256FAA0<br>LEI: 254900OCOQCKZZ4U6C83 | Long             | DBT              | MUN               | US        |    700000 | PA      | $712623.59    | 1.23%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU     | Louisiana Public Facilities Authority                                           | CUSIP: 546399UQ7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    450000 | PA      | $490846.32    | 0.85%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL      | New York City Transitional Finance Authority Future Tax Secured Revenue         | CUSIP: 64972JWP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 1.38%             | 2055-05-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| NEBRASKA ST INVESTMENT FIN AUT     | Nebraska Investment Finance Authority                                           | CUSIP: 63968MY86<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263472.68    | 0.45%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RSDL FIN AUTH     | Atlanta Urban Residential Finance Authority                                     | CUSIP: 04785VCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004410.20   | 1.73%             | 2029-05-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                                              | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    359970 | NS      | $359970.08    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY           | Minnesota Housing Finance Agency                                                | CUSIP: 60416T6U7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    495000 | PA      | $522393.35    | 0.90%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE       | Michigan Finance Authority                                                      | CUSIP: 59447UBB5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000119.00   | 1.72%             | 2039-12-01      | Variable      | 3.13%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HSG AUTH GTD R     | Philadelphia Housing Authority                                                  | CUSIP: 71783TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260866.73    | 0.45%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                        | City of New York NY                                                             | CUSIP: 64966SNL6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 1.72%             | 2055-02-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| CURRENTS CMNTY DEV DIST FL CAP     | Currents Community Development District                                         | CUSIP: 23131PAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $287781.88    | 0.50%             | 2030-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL      | Black Belt Energy Gas District                                                  | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101095.69    | 0.17%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY MN                 | County of Washington MN                                                         | CUSIP: 937785UJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496362.60    | 0.86%             | 2027-02-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| VILLAGE CDD NO 15 SPL ASSMNT R     | Village Community Development District No 15                                    | CUSIP: 92708KAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $390278.00    | 0.67%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENTER GROVE IN CMNTY SCH CORP     | Center Grove Community School Corp                                              | CUSIP: 151469FX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254472.08    | 0.44%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH     | Maricopa County Industrial Development Authority                                | CUSIP: 56683PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498137.85    | 0.86%             | 2033-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PORT AUTH DOCKS FAC     | State of Alabama Docks Department                                               | CUSIP: 010604BZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $774415.50    | 1.34%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANDREWS CNTY TX HOSP DIST          | Andrews County Hospital District                                                | CUSIP: 034451CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $375584.89    | 0.65%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A     | Texas Department of Housing & Community Affairs                                 | CUSIP: 882750D74<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506698.05    | 0.87%             | 2028-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HGR EDU ASSISTANC     | Pennsylvania Higher Education Assistance Agency                                 | CUSIP: 70878CBM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $478799.28    | 0.83%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCKINNEY MUNI UTILITY DIST #2      | Mckinney Municipal Utility District No 2                                        | CUSIP: 581733GH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $838596.60    | 1.45%             | 2031-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAMPBELL CNTY TN                   | County of Campbell TN                                                           | CUSIP: 134303TY2<br>LEI: 549300T61WDDRIWIM152 | Long             | DBT              | MUN               | US        |    400000 | PA      | $374895.44    | 0.65%             | 2031-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP     | Metropolitan Nashville Airport Authority/The                                    | CUSIP: 592190SD5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    310000 | PA      | $344162.43    | 0.59%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I     | Indianapolis Local Public Improvement Bond Bank                                 | CUSIP: 45528VFT1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    450000 | PA      | $469347.66    | 0.81%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDLAND CNTY TX FRESH WTR SPLY     | Midland County Fresh Water Supply District No 1                                 | CUSIP: 597495AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $379821.75    | 0.65%             | 2032-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH MIDWESTERN DI     | Indiana Finance Authority                                                       | CUSIP: 45470CAF6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $246557.60    | 0.43%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C     | Southeast Energy Authority A Cooperative District                               | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    500000 | PA      | $542853.35    | 0.94%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEMPHIS ARENA PUBLIC BLDG      | New Memphis Arena Public Building Authority                                     | CUSIP: 64704CAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $474077.65    | 0.82%             | 2027-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KAUAI CNTY HI CMNTY FACS DISTS     | Kauai County Community Facilities District                                      | CUSIP: 486121BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $482706.50    | 0.83%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOLL ROAD INV PART II              | Toll Road Investors Partnership II LP                                           | CUSIP: 88948ABH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $270804.81    | 0.47%             | 2032-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP      | Sales Tax Securitization Corp                                                   | CUSIP: 79467BED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $484726.88    | 0.84%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANKATO MN                         | City of Mankato MN                                                              | CUSIP: 563657SN6<br>LEI: 5493003B18DJ507ZEG20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497284.10    | 0.86%             | 2027-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HGR EDU SUPPLEM     | Connecticut State Higher Education Supplement Loan Authority                    | CUSIP: 207743YR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501761.75    | 0.87%             | 2045-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MF     | California Municipal Finance Authority                                          | CUSIP: 130483KP4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502818.05    | 0.87%             | 2056-01-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL     | Rhode Island Health and Educational Building Corp                               | CUSIP: 762244NM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218872.06    | 0.38%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA DEV AUTH STUDENT HS     | Atlanta Development Authority/The                                               | CUSIP: 04777LDX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981785.40    | 1.69%             | 2030-07-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| SOUTHGLENN CO MET DIST SPL REV     | Southglenn Metropolitan District                                                | CUSIP: 84437RAE7<br>LEI: 549300ETN4YRI5O2PU39 | Long             | DBT              | MUN               | US        |    755000 | PA      | $755788.75    | 1.30%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PISCATAWAY TWP NJ                  | Township of Piscataway NJ                                                       | CUSIP: 724292YK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005062.70   | 1.73%             | 2027-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HGR EDU STUDENT LO     | Kentucky Higher Education Student Loan Corp                                     | CUSIP: 49130NGS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511890.70    | 0.88%             | 2028-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST SECONDARY MARKET FO     | Indiana Secondary Market for Education Loans Inc                                | CUSIP: 45505NAK0<br>LEI: 549300M19IK303TD4597 | Long             | DBT              | MUN               | US        |    400000 | PA      | $414171.08    | 0.71%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                                 | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    420000 | PA      | $444194.06    | 0.77%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FULTON CNTY GA RSDL CARE FACS      | Fulton County Residential Care Facilities for the Elderly Authority             | CUSIP: 360059AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006225.20   | 1.74%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORSYTH MT POLL CONTROL REVENU     | City of Forsyth MT                                                              | CUSIP: 346668DP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104302.10    | 0.18%             | 2032-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH REVENUE       | New York Power Authority                                                        | CUSIP: 64989KFD3<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268384.10    | 0.46%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VLG FL CDD #13 SPL ASSMNT REVE     | Village Community Development District No 13                                    | CUSIP: 92708HAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242432.80    | 0.42%             | 2031-05-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL     | Rhode Island Health and Educational Building Corp                               | CUSIP: 762244NL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108373.42    | 0.19%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EPPERSON N CDD FL CAPITAL IMPT     | Epperson North Community Development District                                   | CUSIP: 29429VAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $240871.93    | 0.42%             | 2031-11-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| VIRGINIA HSG DEV AUTH              | Virginia Housing Development Authority                                          | CUSIP: 92812XHS4<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502941.40    | 0.87%             | 2027-01-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDEP SCH DIST          | Leander Independent School District                                             | CUSIP: 521841P67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $421175.57    | 0.73%             | 2028-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

**Name of Applicant:** New York Life Investments Active ETF Trust

**Signature:** Adefolahan Oyefeso

**Name of Signer:** Adefolahan Oyefeso

**Title:** Director and Vice President, IndexIQ