# EDGAR Filing Document

**Accession Number:** 0000794615
**File Stem:** 0000869392-23-000164
**Filing Date:** 2023-1
**Character Count:** 54499
**Document Hash:** 9a97c5e4dce155b9fac5eb74c84235c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-23-000164.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0000869392-23-000164

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND
- **CENTRAL INDEX KEY:** 0000794615
- **IRS NUMBER:** 043057637
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05802
- **FILM NUMBER:** 23557073

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

## Series and Classes Contracts Data

### PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND (Series ID: S000006567)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000017915 | Class A Shares  | PTEPX           |
| C000017916 | Class B Shares  | PPNBX           |
| C000039842 | Class C Shares  |  |
| C000060576 | CLASS Y         |  |
| C000202936 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Pennsylvania Tax Exempt Income Fund

- **b. Investment Company Act file number:** 811-05802

- **c. CIK number of Registrant:** 0000794615

- **d. LEI of Registrant:** G8GS8WSHR7U5SCE40L40

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

  - **Street Address 1:** 100 FEDERAL STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 1-800-225-1581

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

- **a. Name of Series:** Putnam Pennsylvania Tax Exempt Income Fund

- **b. EDGAR series identifier (if any):** S000006567

- **c. LEI of Series:** G8GS8WSHR7U5SCE40L40

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $124969901.43

**Total Liabilities:** $7022235.26

**Net Assets:** $117947666.17

**Delayed Delivery Securities:** $4639261.20

**Cash Not Reported:** $92979.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 111.62 | **1-Year:** 3970.8 | **5-Year:** 24922.41 | **10-Year:** 36144.68 | **30-Year:** 18810.94

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

- **3-Month:** 34.93 | **1-Year:** 233.86 | **5-Year:** 1143.22 | **10-Year:** 6257.63 | **30-Year:** 4342.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000039842 | 5.43%                | -1.45%               | -4.65%               |
| Class ID C000017915 | 5.50%                | -1.51%               | -4.47%               |
| Class ID C000017916 | 5.46%                | -1.44%               | -4.65%               |
| Class ID C000060576 | 5.52%                | -1.49%               | -4.45%               |
| Class ID C000202936 | 5.51%                | -1.37%               | -4.55%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $260137.37               | $5552554.62                                |
| Month 2  | $-321617.15              | $-1571283.89                               |
| Month 3  | $-261442.92              | $-5560128.87                               |

**Designated Index Information**

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

- **Index Identifier:** IDX01566

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| REDEVELOPMENT AUTHORITY OF THE CITY OF PHILADELPHIA                  | FX.RT. MUNI BOND     | CUSIP: 717868EJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001826.10   | 0.85%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                      | FX.RT. MUNI BOND     | CUSIP: 16559PAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925813.40    | 0.78%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOYLESTOWN HOSPITAL AUTHORITY                                        | FX.RT. MUNI BOND     | CUSIP: 261333EC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503331.35    | 0.43%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS AREA MUNICIPAL AUTHORITY                                      | FX.RT. MUNI BOND     | CUSIP: 235171AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503100.05   | 1.27%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                | FX.RT. MUNI BOND     | CUSIP: 70869PHS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021176.60   | 0.87%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                      | FX.RT. MUNI BOND     | CUSIP: 165588CX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $405233.20    | 0.34%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                | FX.RT. MUNI BOND     | CUSIP: 70869PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253498.55    | 0.21%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCHOOL DISTRICT OF PHILADELPHIA/THE                                  | FX.RT. MUNI BOND     | CUSIP: 717883QM7<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042185.70   | 0.88%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST SHORE AREA AUTHORITY                                            | FX.RT. MUNI BOND     | CUSIP: 95581QAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494920.40    | 0.42%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION                                     | FX.RT. MUNI BOND     | CUSIP: 709224HN2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2566016.25   | 2.18%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF CHESTER PA                                                 | FX.RT. MUNI BOND     | CUSIP: 165573F35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $797020.80    | 0.68%             | 2036-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LANCASTER PA                                                 | FX.RT. MUNI BOND     | CUSIP: 514282WA6<br>LEI: 549300BGOEKNNN4HPE68 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970448.70    | 0.82%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION                                     | FX.RT. MUNI BOND     | CUSIP: 709224PK9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069722.80   | 1.75%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND COUNTY MUNICIPAL AUTHORITY                                | FX.RT. MUNI BOND     | CUSIP: 230614LD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $711144.98    | 0.60%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA                | FX.RT. MUNI BOND     | CUSIP: 613609D60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986246.10    | 0.84%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA                | FX.RT. MUNI BOND     | CUSIP: 61360PCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501557.75   | 1.27%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF LEHIGH PA                                                  | FX.RT. MUNI BOND     | CUSIP: 52480GCV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $369599.16    | 0.31%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOYLESTOWN HOSPITAL AUTHORITY                                        | FX.RT. MUNI BOND     | CUSIP: 261333FA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $538177.44    | 0.46%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | FX.RT. MUNI BOND     | CUSIP: 709181CA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $705493.17    | 0.60%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCHOOL DISTRICT OF PHILADELPHIA/THE                                  | FX.RT. MUNI BOND     | CUSIP: 717883TM4<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035955.90   | 0.88%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ERIE HIGHER EDUCATION BUILDING AUTHORITY                     | FX.RT. MUNI BOND     | CUSIP: 295435BM2<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |    750000 | PA      | $762198.90    | 0.65%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY/PA                               | FX.RT. MUNI BOND     | CUSIP: 514045S46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $281081.70    | 0.24%             | 2037-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CITY OF PITTSBURGH PA                                                | FX.RT. MUNI BOND     | CUSIP: 725209LP3<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |    300000 | PA      | $325261.83    | 0.28%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTHORITY                                                  | FX.RT. MUNI BOND     | CUSIP: 368497JM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2202947.03   | 1.87%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL REGION WATER                                                 | FX.RT. MUNI BOND     | CUSIP: 14044TAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2134845.40   | 1.81%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PHILADELPHIA PA                                              | FX.RT. MUNI BOND     | CUSIP: 717813VW6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527526.75    | 0.45%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION                                     | FX.RT. MUNI BOND     | CUSIP: 709224WQ8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    675000 | PA      | $695268.43    | 0.59%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| READING SCHOOL DISTRICT                                              | FX.RT. MUNI BOND     | CUSIP: 755638ZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1303250.75   | 1.10%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA GAS WORKS CO                                            | FX.RT. MUNI BOND     | CUSIP: 71783MAZ8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2580749.25   | 2.19%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LACKAWANNA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                   | FX.RT. MUNI BOND     | CUSIP: 505493AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1366873.95   | 1.16%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SCRANTON SCHOOL DISTRICT/PA                                          | FX.RT. MUNI BOND     | CUSIP: 810827XJ9<br>LEI: 549300SDNGI3OKNOUW62 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1928204.55   | 1.63%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION                                     | FX.RT. MUNI BOND     | CUSIP: 709224ZY8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1353568.84   | 1.15%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPORTS  AND  EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY | FX.RT. MUNI BOND     | CUSIP: 724792BK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070156.00   | 0.91%             | 2033-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPORTS  AND  EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY | FX.RT. MUNI BOND     | CUSIP: 724792BM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $667370.94    | 0.57%             | 2035-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPORTS  AND  EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY | FX.RT. MUNI BOND     | CUSIP: 724792BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066190.60   | 0.90%             | 2037-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | FX.RT. MUNI BOND     | CUSIP: 70917SV26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998018.60   | 1.69%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH FINANCING AUTHORITY                                     | FX.RT. MUNI BOND     | CUSIP: 20282EAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080145.10   | 0.92%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH FINANCING AUTHORITY                                     | FX.RT. MUNI BOND     | CUSIP: 20282EAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084836.10   | 0.92%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERIE CITY WATER AUTHORITY                                            | FX.RT. MUNI BOND     | CUSIP: 295542NU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054878.20   | 0.89%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCHOOL DISTRICT OF PHILADELPHIA/THE                                  | FX.RT. MUNI BOND     | CUSIP: 717883VA7<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1701429.66   | 1.44%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF PENNSYLVANIA                                         | FX.RT. MUNI BOND     | CUSIP: 709144NW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1724679.04   | 1.46%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILKES-BARRE AREA SCHOOL DISTRICT/PA                                 | FX.RT. MUNI BOND     | CUSIP: 968261NS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2054128.80   | 1.74%             | 2059-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCHOOL DISTRICT OF THE CITY OF ERIE/THE                              | FX.RT. MUNI BOND     | CUSIP: 295425TE2<br>LEI: 549300VQZWUO5J8WLO42 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1192869.01   | 1.01%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY/PA                               | FX.RT. MUNI BOND     | CUSIP: 51404PAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1118572.85   | 0.95%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY/PA                               | FX.RT. MUNI BOND     | CUSIP: 51404PAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $883689.40    | 0.75%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TERRITORY OF GUAM                                                    | FX.RT. MUNI BOND     | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    630000 | PA      | $649092.02    | 0.55%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER INDUSTRIAL DEVELOPMENT AUTHORITY                           | FX.RT. MUNI BOND     | CUSIP: 514349CZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1459524.49   | 1.24%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PHILADELPHIA PA                                              | FX.RT. MUNI BOND     | CUSIP: 717813XM6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1332762.38   | 1.13%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT                    | FX.RT. MUNI BOND     | CUSIP: 71781XFW8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $458788.75    | 0.39%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERIE CITY WATER AUTHORITY                                            | FX.RT. MUNI BOND     | CUSIP: 295542QY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976903.30    | 0.83%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                        | FX.RT. MUNI BOND     | CUSIP: 11861MAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1418666.70   | 1.20%             | 2039-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALASKA INDUSTRIAL DEVELOPMENT  AND  EXPORT AUTHORITY                 | FX.RT. MUNI BOND     | CUSIP: 011903FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1348818.63   | 1.14%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND COUNTY MUNICIPAL AUTHORITY                                | FX.RT. MUNI BOND     | CUSIP: 230614PC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1398487.95   | 1.19%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND COUNTY MUNICIPAL AUTHORITY                                | FX.RT. MUNI BOND     | CUSIP: 230614PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $454573.50    | 0.39%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | FX.RT. MUNI BOND     | CUSIP: 70917S6P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $608073.07    | 0.52%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT                    | FX.RT. MUNI BOND     | CUSIP: 71781XGA5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1226323.73   | 1.04%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY/PA                               | FX.RT. MUNI BOND     | CUSIP: 514045V67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $423262.60    | 0.36%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT                    | FX.RT. MUNI BOND     | CUSIP: 71780TAY9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $954147.70    | 0.81%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PITTSBURGH PA                                                | FX.RT. MUNI BOND     | CUSIP: 725209ND8<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |    350000 | PA      | $354558.68    | 0.30%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PITTSBURGH PA                                                | FX.RT. MUNI BOND     | CUSIP: 725209NE6<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |    300000 | PA      | $302747.16    | 0.26%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PITTSBURGH PA                                                | FX.RT. MUNI BOND     | CUSIP: 725209MY3<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |    245000 | PA      | $254581.39    | 0.22%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PITTSBURGH PA                                                | FX.RT. MUNI BOND     | CUSIP: 725209MZ0<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257481.43    | 0.22%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PITTSBURGH PA                                                | FX.RT. MUNI BOND     | CUSIP: 725209NB2<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |    275000 | PA      | $280288.22    | 0.24%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA                | FX.RT. MUNI BOND     | CUSIP: 61360PCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $460780.60    | 0.39%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT                    | FX.RT. MUNI BOND     | CUSIP: 71780CAK6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1042967.52   | 0.88%             | 2050-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT                    | FX.RT. MUNI BOND     | CUSIP: 71780CAJ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    615000 | PA      | $620013.23    | 0.53%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PHILADELPHIA PA WATER  AND  WASTEWATER REVENUE               | FX.RT. MUNI BOND     | CUSIP: 717893Q46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060987.50   | 0.90%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                | FX.RT. MUNI BOND     | CUSIP: 70870FAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $652443.03    | 0.55%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY INDUSTRIAL DEVELOPMENT AUTHORITY                         | FX.RT. MUNI BOND     | CUSIP: 48504NCL1<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1312847.12   | 1.11%             | 2057-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE PUBLIC SCHOOL BUILDING AUTHORITY                               | FX.RT. MUNI BOND     | CUSIP: 85732TKW1<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    595000 | PA      | $621832.12    | 0.53%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTWORTH SCHOOL DISTRICT                                            | FX.RT. MUNI BOND     | CUSIP: 083424GY1<br>LEI: 2549006OR9I82JFZ8V83 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1415499.23   | 1.20%             | 2028-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STATE PUBLIC SCHOOL BUILDING AUTHORITY                               | FX.RT. MUNI BOND     | CUSIP: 85732M6H5<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    640000 | PA      | $666541.25    | 0.57%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STATE PUBLIC SCHOOL BUILDING AUTHORITY                               | FX.RT. MUNI BOND     | CUSIP: 85732M6J1<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    490000 | PA      | $509746.66    | 0.43%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT                    | FX.RT. MUNI BOND     | CUSIP: 71780CAZ3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938822.40    | 0.80%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOVERNOR MIFFLIN SCHOOL DISTRICT                                     | FX.RT. MUNI BOND     | CUSIP: 383770JN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007554.80   | 0.85%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PITTSBURGH PA                                                | FX.RT. MUNI BOND     | CUSIP: 725209QC7<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |    585000 | PA      | $585479.99    | 0.50%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST CORNWALL TOWNSHIP MUNICIPAL AUTHORITY                           | FX.RT. MUNI BOND     | CUSIP: 95235TAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $437369.05    | 0.37%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST CORNWALL TOWNSHIP MUNICIPAL AUTHORITY                           | FX.RT. MUNI BOND     | CUSIP: 95235TAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $328641.77    | 0.28%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST CORNWALL TOWNSHIP MUNICIPAL AUTHORITY                           | FX.RT. MUNI BOND     | CUSIP: 95235TAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $321320.91    | 0.27%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TERRITORY OF GUAM                                                    | FX.RT. MUNI BOND     | CUSIP: 40065KAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    425000 | PA      | $426132.71    | 0.36%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TERRITORY OF GUAM                                                    | FX.RT. MUNI BOND     | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1300000 | PA      | $1129810.24   | 0.96%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA                | FX.RT. MUNI BOND     | CUSIP: 613609K96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $410432.94    | 0.35%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA                | FX.RT. MUNI BOND     | CUSIP: 613609L20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $365460.18    | 0.31%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA                | FX.RT. MUNI BOND     | CUSIP: 613609L38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $513681.94    | 0.44%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA                | FX.RT. MUNI BOND     | CUSIP: 613609L46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $636241.76    | 0.54%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PHILADELPHIA PA AIRPORT REVENUE                              | FX.RT. MUNI BOND     | CUSIP: 717817XY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $451876.50    | 0.38%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PHILADELPHIA PA AIRPORT REVENUE                              | FX.RT. MUNI BOND     | CUSIP: 717817XW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $283990.47    | 0.24%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PHILADELPHIA PA AIRPORT REVENUE                              | FX.RT. MUNI BOND     | CUSIP: 717817XX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $375821.08    | 0.32%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY AIRPORT AUTHORITY                                   | FX.RT. MUNI BOND     | CUSIP: 01728LFL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $648171.00    | 0.55%             | 2056-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY AIRPORT AUTHORITY                                   | FX.RT. MUNI BOND     | CUSIP: 01728LFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $407719.20    | 0.35%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY AIRPORT AUTHORITY                                   | FX.RT. MUNI BOND     | CUSIP: 01728LFK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253549.05    | 0.21%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER INDUSTRIAL DEVELOPMENT AUTHORITY                           | FX.RT. MUNI BOND     | CUSIP: 51434NAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1147522.95   | 0.97%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY/PA                               | FX.RT. MUNI BOND     | CUSIP: 514045W66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528058.10   | 1.30%             | 2051-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HIGHER EDUCATIONAL FACILITY COMMISSION                          | FX.RT. MUNI BOND     | CUSIP: 677510BW8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    390000 | PA      | $378932.11    | 0.32%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO HIGHER EDUCATIONAL FACILITY COMMISSION                          | FX.RT. MUNI BOND     | CUSIP: 677510BX6<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    405000 | PA      | $387652.31    | 0.33%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO HIGHER EDUCATIONAL FACILITY COMMISSION                          | FX.RT. MUNI BOND     | CUSIP: 677510BQ1<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    640000 | PA      | $637536.00    | 0.54%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE RIVER  AND  BAY AUTHORITY                                   | FX.RT. MUNI BOND     | CUSIP: 246317HY0<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1277442.98   | 1.08%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY HIGHER EDUCATION BUILDING AUTHORITY                 | FX.RT. MUNI BOND     | CUSIP: 01728RPE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1170142.70   | 0.99%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY HIGHER EDUCATION BUILDING AUTHORITY                 | FX.RT. MUNI BOND     | CUSIP: 01728RPJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $716855.74    | 0.61%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHLEHEM REDEVELOPMENT AUTHORITY                                    | FX.RT. MUNI BOND     | CUSIP: 087470AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531563.75    | 0.45%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHLEHEM REDEVELOPMENT AUTHORITY                                    | FX.RT. MUNI BOND     | CUSIP: 087470AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1337859.31   | 1.13%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILKES-BARRE FINANCE AUTHORITY                                       | FX.RT. MUNI BOND     | CUSIP: 968254CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1173137.84   | 0.99%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPORTS  AND  EXHIBITION AUTHORITY OF PITTSBURGH AND ALLEGHENY COUNTY | FX.RT. MUNI BOND     | CUSIP: 724791CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1452702.97   | 1.23%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                        | FX.RT. MUNI BOND     | CUSIP: 118618AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245375.95    | 0.21%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH SCHOOL DISTRICT                                           | FX.RT. MUNI BOND     | CUSIP: 725277RF6<br>LEI: 549300DCE2NGMJO6P377 | Long             | DBT              | MUN               | US        |    995000 | PA      | $852874.60    | 0.72%             | 2038-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MATCHING FUND SPECIAL PURPOSE SECURITIZATION CORP                    | FX.RT. MUNI BOND     | CUSIP: 57665NAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    320000 | PA      | $330179.65    | 0.28%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                | FX.RT. MUNI BOND     | CUSIP: 70870JEB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1585736.85   | 1.34%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                | FX.RT. MUNI BOND     | CUSIP: 70870JEA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1862672.70   | 1.58%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF PENNSYLVANIA                                         | FX.RT. MUNI BOND     | CUSIP: 70914PZ62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1396029.25   | 1.18%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                      | FX.RT. MUNI BOND     | CUSIP: 165588FN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $728653.50    | 0.62%             | 2052-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY                   | FX.RT. MUNI BOND     | CUSIP: 842039FR5<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1907647.00   | 1.62%             | 2052-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY                | FX.RT. MUNI BOND     | CUSIP: 708692AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1312232.11   | 1.11%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY CONVENTION CENTER AUTHORITY                         | MUNI ORIG ISSUE DISC | CUSIP: 514042BC3<br>LEI: 549300F347A3TMO7B762 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926014.60    | 0.79%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT                    | MUNI ORIG ISSUE DISC | CUSIP: 71780TBM4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039021.70   | 0.88%             | 2060-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDIANA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                      | MUNI ORIG ISSUE DISC | CUSIP: 45469NEZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1151546.69   | 0.98%             | 2054-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHESTER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY                      | MUNI ORIG ISSUE DISC | CUSIP: 165588DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $216933.19    | 0.18%             | 2037-10-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY/PA                               | MUNI ORIG ISSUE DISC | CUSIP: 514045J20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938202.70    | 0.80%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION                                     | MUNI STEP UP BOND    | CUSIP: 709224DX4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029959.80   | 0.87%             | 2037-12-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA FINANCE AUTHORITY                                       | MUNI. ZERO           | CUSIP: 70915CEF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $834564.10    | 0.71%             | 2027-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION                                     | MUNI. ZERO           | CUSIP: 709221SB2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1530818.70   | 1.30%             | 2038-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUTNAM SHORT TERM INVESTMENT FUND                                    | SHORT TERM INV FUND  | CUSIP: 74676P664<br>LEI: 5493003MK0Q7JP8CPP42 | Long             | STIV             | PF                | US        |   1328161 | NS      | $1328161.00   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY AND CO. INTERNATIONAL                                 | Spread Swap          | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | N/A              | DIR              | CORP              | US        |    925000 | NC      | $3404.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                             | U.S. T BILLS         | CUSIP: 912796P94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $200000.00    | 0.17%             | 2022-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROCHESTER MN                                                 | VAR.RT.MUNI NOTE NT  | CUSIP: 771902FC2<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.42%             | 2038-11-15      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY                             | VAR.RT.MUNI NOTE NT  | CUSIP: 57583RWB7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    950000 | PA      | $950000.00    | 0.81%             | 2042-10-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER COUNTY HOSPITAL AUTHORITY/PA                               | VAR.RT.MUNI NOTE NT  | CUSIP: 514045ZG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1260000.00   | 1.07%             | 2034-07-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HEALTH  AND  EDUCATIONAL FACILITIES AUTHORITY      | VAR.RT.MUNI NOTE NT  | CUSIP: 20774LRU1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.85%             | 2036-07-01      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| NEW YORK STATE HOUSING FINANCE AGENCY                                | VAR.RT.MUNI NOTE NT  | CUSIP: 64986UEB9<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 1.70%             | 2044-05-01      | Variable      | 1.94%                 | No            |                  2 | On Loan: No      |
| CITY OF NEW YORK NY                                                  | VAR.RT.MUNI NOTE NT  | CUSIP: 64966FB45<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.85%             | 2036-04-01      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-26

**Name of Applicant:** Putnam Investments Inc

**Signature:** Janet C. Smith

**Name of Signer:** NPORT

**Title:** Principal Financial Officer