# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000940400-26-014743
**Filing Date:** 2026-4
**Character Count:** 189800
**Document Hash:** 71b234551e2a584034587b10ed22e1f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014743.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000940400-26-014743

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20261130

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23643
- **FILM NUMBER:** 26893171

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

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

## Series and Classes Contracts Data

### Franklin New York Municipal Income ETF (Series ID: S000094553)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000263086 | Franklin New York Municipal Income ETF |  |

## Nport-Ex

Schedule of Investments (unaudited)

February 28, 2026

***If you need assistance accessing this content, please reach out to your sales representative or send an email to*** <u>accessibility@franklintempleton.com.</u>

 **Franklin New York Municipal Income ETF**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount<br>| Value |
| **Municipal Bonds — 94.1%** | **Municipal Bonds — 94.1%** | **Municipal Bonds — 94.1%** | **Municipal Bonds — 94.1%** | **Municipal Bonds — 94.1%** |
| *Guam — 0.3%* | *Guam — 0.3%* | *Guam — 0.3%* | *Guam — 0.3%* | *Guam — 0.3%* |
| &nbsp;&nbsp;&nbsp; Antonio B Won Pat, GU, International Airport Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 10/1/34 | &nbsp;&nbsp; $390000 | &nbsp;&nbsp;&nbsp; $434249<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 10/1/36 | &nbsp;&nbsp; 680000 | &nbsp;&nbsp;&nbsp; 756184<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 10/1/40 | &nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp; 573814<br> <sup>(a)</sup><br>|
| *Total Guam* | *Total Guam* | *Total Guam* | *Total Guam* | &nbsp;&nbsp; *1764247* |
| *New York — 92.1%* | *New York — 92.1%* | *New York — 92.1%* | *New York — 92.1%* | *New York — 92.1%* |
| &nbsp;&nbsp;&nbsp; Albany, NY, Capital Resource Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; College of Pharmacy and Health Sciences, Series 2014, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/30 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 250272<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; College of Pharmacy and Health Sciences, Series 2014, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/31 | &nbsp;&nbsp; 115000 | &nbsp;&nbsp;&nbsp; 115118<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; College of Pharmacy and Health Sciences, Series 2014, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/32 | &nbsp;&nbsp; 495000 | &nbsp;&nbsp;&nbsp; 495468<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; College of Pharmacy and Health Sciences, Series 2014, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/33 | &nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp; 325283<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empire Commons Student Housing Inc., Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/28 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 601752<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empire Commons Student Housing Inc., Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/29 | &nbsp;&nbsp; 1090000 | &nbsp;&nbsp;&nbsp; 1093057<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empire Commons Student Housing Inc., Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/30 | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp;&nbsp; 1052878<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empire Commons Student Housing Inc., Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/31 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1503991<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empire Commons Student Housing Inc., Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/32 | &nbsp;&nbsp; 505000 | &nbsp;&nbsp;&nbsp; 506257<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kipp Capital Region Public Charter Schools Project, Series 2024 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/64 | &nbsp;&nbsp; 2600000 | &nbsp;&nbsp;&nbsp; 2530446<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medical Center Hospital Project, Series A, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/1/50 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1068002<br>|
| &nbsp;&nbsp;&nbsp; Brookhaven, NY, Local Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Active Retirement Community Inc., Series 2016, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 11/1/36 | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp; 1214140<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long Island Community Hospital Project, Series A, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 10/1/45 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 1915656<br>|
| &nbsp;&nbsp;&nbsp; Broome County, NY, Local Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Good Shepherd Village at Endwell Inc. Project, Series 2021, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/41 | &nbsp;&nbsp; 2690000 | &nbsp;&nbsp;&nbsp; 2612453<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Health Services Hospitals Inc. Project, Series 2020, Refunding, AG | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 4/1/40 | &nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp; 1365141<br>|
| &nbsp;&nbsp;&nbsp; Buffalo & Erie County, NY, Industrial Land Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter School For Applied Technologies Project, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/35 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2038297<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D'Youville College Project, Series A, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/1/50 | &nbsp;&nbsp; 6535000 | &nbsp;&nbsp;&nbsp; 4946160<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orchard Park CCRC Inc. Project, Series 2015, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/30 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 500822<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orchard Park CCRC Inc. Project, Series 2015, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/37 | &nbsp;&nbsp; 4470000 | &nbsp;&nbsp;&nbsp; 4475292<br>|
| &nbsp;&nbsp;&nbsp; Build NYC Resource Corp., NY, Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Classical Charter Schools Project, Series A | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 6/15/43 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp; 669943<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Classical Charter Schools Project, Series A | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 6/15/53 | &nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp; 769101<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Classical Charter Schools Project, Series A | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 6/15/58 | &nbsp;&nbsp; 725000 | &nbsp;&nbsp;&nbsp; 647177<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; East Harlem Scholars Academy Charter School Project | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/1/52 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 999615<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Community Charter School Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/42 | &nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp; 810002<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Community Charter School Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/52 | &nbsp;&nbsp; 1520000 | &nbsp;&nbsp;&nbsp; 1314144<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Community Charter School Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/57 | &nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp; 1101147<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grand Concourse Academy Charter School Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp; 560242<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grand Concourse Academy Charter School Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/52 | &nbsp;&nbsp; 1425000 | &nbsp;&nbsp;&nbsp; 1384395<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inwood Academy For Leadership Charter School Project, Series A | &nbsp;&nbsp; 4.875% | &nbsp;&nbsp; 5/1/31 | &nbsp;&nbsp; 285000 | &nbsp;&nbsp;&nbsp; 289245<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inwood Academy For Leadership Charter School Project, Series A | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 5/1/38 | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp; 1110925<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kipp NYC Public School Facilities, Canal West Project, Series 2022 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 7/1/62 | &nbsp;&nbsp; 6250000 | &nbsp;&nbsp;&nbsp; 6292829<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manhattan College Project, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/47 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 971057<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New World Preparatory Charter School Project, Series A | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/15/41 | &nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp; 482521<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New World Preparatory Charter School Project, Series A | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/15/51 | &nbsp;&nbsp; 975000 | &nbsp;&nbsp;&nbsp; 779292<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments.

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Franklin New York Municipal Income ETF**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New World Preparatory Charter School Project, Series A | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/15/56 | &nbsp;&nbsp; $450000 | &nbsp;&nbsp;&nbsp; $346586<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Airport Facilities, Trips Obligated Group, Series 2025 | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 7/1/55 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1048383<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seton Education Partners, Brilla Project, Series A | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/1/31 | &nbsp;&nbsp; 1265000 | &nbsp;&nbsp;&nbsp; 1272305<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seton Education Partners, Brilla Project, Series A | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/1/41 | &nbsp;&nbsp; 1780000 | &nbsp;&nbsp;&nbsp; 1626254<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seton Education Partners, Brilla Project, Series A | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/1/51 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp; 560576<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Success Academy Charter Schools Project, Series 2024 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 9/1/44 | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp;&nbsp; 1021933<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Children's Aid Society Project | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp; 290000 | &nbsp;&nbsp;&nbsp; 296545<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Children's Aid Society Project | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/44 | &nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp; 431325<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Children's Aid Society Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/45 | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; 2501009<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Children's Aid Society Project | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/49 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 901689<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unity Preparatory Charter School of Brooklyn Project, Series A | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/43 | &nbsp;&nbsp; 680000 | &nbsp;&nbsp;&nbsp; 696850<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unity Preparatory Charter School of Brooklyn Project, Series A | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 6/15/53 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1004338<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unity Preparatory Charter School of Brooklyn Project, Series A | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 6/15/63 | &nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp; 1599725<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Urban Resource Institute Project, Series A | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 12/1/56 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 796399<br>|
| &nbsp;&nbsp;&nbsp; Clinton County, NY, Capital Resource Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVES BOCES Project, Series 2025 | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp; 1152437<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVES BOCES Project, Series 2025 | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 7/1/43 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1041010<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVES BOCES Project, Series 2025 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp; 832893<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Dutchess County, NY, Local Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bard College Project, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1030555<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bard College Project, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/45 | &nbsp;&nbsp; 3400000 | &nbsp;&nbsp;&nbsp; 3431763<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bard College Project, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/51 | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; 4002776<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Culinary Institute of America Project, Series 2021, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/35 | &nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp; 180901<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Culinary Institute of America Project, Series 2021, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp; 179613<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Culinary Institute of America Project, Series 2021, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp; 178502<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Culinary Institute of America Project, Series 2021, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 202696<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Culinary Institute of America Project, Series 2021, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/39 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100997<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Culinary Institute of America Project, Series 2021, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100286<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Culinary Institute of America Project, Series A-1, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/35 | &nbsp;&nbsp; 155000 | &nbsp;&nbsp;&nbsp; 155830<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marist College Project, Series 2022 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/52 | &nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp; 4580252<br>|
| &nbsp;&nbsp;&nbsp; Erie County, NY, IDA Revenue, Westchester Park Preservation L.P. Project, <br> Series 2023, FNMA - Collateralized  | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 2/1/41 | &nbsp;&nbsp; 4410000 | &nbsp;&nbsp;&nbsp; 4583296<br>|
| &nbsp;&nbsp;&nbsp; Genesee County, NY, Funding Corp. Revenue, Rochester Regional Health Energy <br> Projects, Series A  | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 12/1/55 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1567994<br>|
| &nbsp;&nbsp;&nbsp; Hempstead Town, NY, Local Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adelphi University Project, Series 2019, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 2/1/39 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1005109<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evergreen Charter School Project, Series A | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/52 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 1943450<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hofstra University Project, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp; 1222859<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Molloy College Project, Series 2017, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp; 315000 | &nbsp;&nbsp;&nbsp; 320403<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Molloy College Project, Series 2017, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp; 480000 | &nbsp;&nbsp;&nbsp; 487580<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Molloy College Project, Series 2018 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp; 865000 | &nbsp;&nbsp;&nbsp; 888520<br>|
| &nbsp;&nbsp;&nbsp; Long Island, NY, Power Authority Electric System Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 923890<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/49 | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; 10642159<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 9/1/50 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1635395<br>|

---

See Notes to Schedule of Investments.

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

 **Franklin New York Municipal Income ETF**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* |
| &nbsp;&nbsp;&nbsp; Monroe County, NY, Industrial Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eugenio Maria De Hostos Charter School Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/44 | &nbsp;&nbsp; $1320000 | &nbsp;&nbsp;&nbsp; $1320468<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eugenio Maria De Hostos Charter School Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/54 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 1857269<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eugenio Maria De Hostos Charter School Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/59 | &nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp; 1239502<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Highland Hospital of Rochester Project, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 3890000 | &nbsp;&nbsp;&nbsp; 3956014<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rochester Regional Health Project, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1108653<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. John Fisher University Project, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/1/49 | &nbsp;&nbsp; 635000 | &nbsp;&nbsp;&nbsp; 674276<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. John Fisher University Project, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/1/54 | &nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp; 890729<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Rochester General Hospital Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 605076<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Rochester General Hospital Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 3001039<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; True North Rochester Preparatory Charter School Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/59 | &nbsp;&nbsp; 4120000 | &nbsp;&nbsp;&nbsp; 3983320<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; MTA, NY, Dedicated Tax Fund Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bonds, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/49 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1052622<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bonds, Series A, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 11/15/54 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5313552<br>|
| &nbsp;&nbsp;&nbsp; MTA, NY, Transportation Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bonds, Series A, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 11/15/55 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1048389<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bonds, Series A, Refunding, BAM | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/15/48 | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; 3757166<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bonds, Series A-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/15/47 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 2719336<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bonds, Series C, Refunding, BAM | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/44 | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; 10385972<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bonds, Series D-2 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/15/47 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 1837318<br>|
| &nbsp;&nbsp;&nbsp; Nassau County, NY, Local Economic Assistance Corp. Revenue, Roosevelt <br> Children's Academy Charter School Project  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/55 | &nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp; 2527347<br>|
| &nbsp;&nbsp;&nbsp; New York City, NY, GO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/46 | &nbsp;&nbsp; 1450000 | &nbsp;&nbsp;&nbsp; 1531543<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/47 | &nbsp;&nbsp; 5300000 | &nbsp;&nbsp;&nbsp; 5558639<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/42 | &nbsp;&nbsp; 5350000 | &nbsp;&nbsp;&nbsp; 5661922<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/1/53 | &nbsp;&nbsp; 5835000 | &nbsp;&nbsp;&nbsp; 6145581<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries A-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 8/1/42 | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp; 3503210<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries B-1 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 10/1/43 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1640172<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries B-1 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 10/1/47 | &nbsp;&nbsp; 4800000 | &nbsp;&nbsp;&nbsp; 5085337<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries C-1 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 9/1/46 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5419617<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries G-1 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/1/53 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 371285<br>|
| &nbsp;&nbsp;&nbsp; New York City, NY, HDC, MFH Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series F-1, FHA | &nbsp;&nbsp; 2.500% | &nbsp;&nbsp; 11/1/51 | &nbsp;&nbsp; 5480000 | &nbsp;&nbsp;&nbsp; 3640231<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series F-1, FHA | &nbsp;&nbsp; 2.600% | &nbsp;&nbsp; 11/1/56 | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; 2577497<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sustainable Development Bonds, Refunding, FHA | &nbsp;&nbsp; 2.450% | &nbsp;&nbsp; 11/1/45 | &nbsp;&nbsp; 4020000 | &nbsp;&nbsp;&nbsp; 2991280<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sustainable Development Bonds, Series A | &nbsp;&nbsp; 3.050% | &nbsp;&nbsp; 11/1/42 | &nbsp;&nbsp; 3195000 | &nbsp;&nbsp;&nbsp; 2938602<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sustainable Development Bonds, Series A | &nbsp;&nbsp; 4.950% | &nbsp;&nbsp; 11/1/58 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2016346<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sustainable Development Bonds, Series A-1, FHA | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 11/1/54 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 3023111<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sustainable Development Bonds, Series B-1, HUD Section 8 | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 11/1/54 | &nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp; 2772654<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sustainable Development Bonds, Series C-1, Refunding | &nbsp;&nbsp; 2.500% | &nbsp;&nbsp; 11/1/51 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 3321378<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sustainable Development Bonds, Series C-1, Refunding | &nbsp;&nbsp; 2.600% | &nbsp;&nbsp; 11/1/56 | &nbsp;&nbsp; 1660000 | &nbsp;&nbsp;&nbsp; 1069661<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sustainable Development Bonds, Series I-1 | &nbsp;&nbsp; 2.700% | &nbsp;&nbsp; 11/1/55 | &nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp; 4664414<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sustainable Development Bonds, Series I-1 | &nbsp;&nbsp; 2.800% | &nbsp;&nbsp; 11/1/60 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 1921790<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sustainable Development, Green Bonds, Series D-1B, Refunding, FHA | &nbsp;&nbsp; 2.400% | &nbsp;&nbsp; 11/1/50 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 3291006<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax-Exempt Bonds, Series F | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 12/15/43 | &nbsp;&nbsp; 2650000 | &nbsp;&nbsp;&nbsp; 2758686<br>|

---

See Notes to Schedule of Investments.

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Franklin New York Municipal Income ETF**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* |
| &nbsp;&nbsp;&nbsp; New York City, NY, Health & Hospital Corp. Revenue, Health Systems, Series A, <br> Refunding  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 2/15/48 | &nbsp;&nbsp; $880000 | &nbsp;&nbsp;&nbsp; $836156<br>|
| &nbsp;&nbsp;&nbsp; New York City, NY, Industrial Development Agency Revenue, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/28 | &nbsp;&nbsp; 835000 | &nbsp;&nbsp;&nbsp; 835801<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York City, NY, Municipal Water Finance Authority, Water & Sewer System <br> Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second General Resolution Fiscal 2023, Series AA, Subseries AA-1 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/52 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1056353<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series AA | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/53 | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; 10641236<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series AA-1 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/48 | &nbsp;&nbsp; 2090000 | &nbsp;&nbsp;&nbsp; 2181571<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series BB | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/55 | &nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp; 7994002<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series BB-1, Refunding | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 6/15/44 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 847406<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series DD, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/47 | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; 4315652<br>|
| &nbsp;&nbsp;&nbsp; New York City, NY, TFA, Building Aid Revenue, Series S-2, Refunding, State Aid <br> Withholding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/15/43 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 843022<br>|
| &nbsp;&nbsp;&nbsp; New York City, NY, TFA, Future Tax Secured Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 8/1/38 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5074632<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2232770<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/43 | &nbsp;&nbsp; 2150000 | &nbsp;&nbsp;&nbsp; 2353230<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/46 | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp; 3746431<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 11/1/45 | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; 10964164<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series F-1 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 2/1/53 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5291269<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinate, Series C-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 5/1/40 | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; 2544618<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries A-1 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/45 | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; 4273258<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries C-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 5/1/39 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5128753<br>|
| &nbsp;&nbsp;&nbsp; New York Country Tobacco Trust, Tobacco Settlement Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2001 | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/1/43 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp; 713305<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/38 | &nbsp;&nbsp; 6905000 | &nbsp;&nbsp;&nbsp; 6482451<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/36 | &nbsp;&nbsp; 265000 | &nbsp;&nbsp;&nbsp; 265916<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 250544<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/45 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 884575<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/51 | &nbsp;&nbsp; 2300000 | &nbsp;&nbsp;&nbsp; 1957683<br>|
| &nbsp;&nbsp;&nbsp; New York State Convention Center Development Corp. Revenue, Senior Lien, <br> Hotel Unit Fee Secured, Series A  | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 11/15/50 | &nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp; 2229494<br>|
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barnard College, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/55 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1032885<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Purpose Bonds, Series A, Unrefunded | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 3/15/52 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 3181405<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iona College, Series 2022, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp; 687425<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iona College, Series 2022, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/32 | &nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp; 583848<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iona College, Series 2022, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp; 235028<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iona College, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/51 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 351761<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Institute of Technology, Series 2024 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/43 | &nbsp;&nbsp; 770000 | &nbsp;&nbsp;&nbsp; 811236<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Institute of Technology, Series 2024 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/44 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp; 731498<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Institute of Technology, Series 2024 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 7/1/49 | &nbsp;&nbsp; 2300000 | &nbsp;&nbsp;&nbsp; 2373596<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Institute of Technology, Series 2024 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 7/1/54 | &nbsp;&nbsp; 2900000 | &nbsp;&nbsp;&nbsp; 2965583<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York University, Series 2011, AMBAC | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; 7204770<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York University, Series A, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 7/1/55 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1062192<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwell Healthcare Inc., Series A, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 5/1/45 | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; 9573742<br>|

---

See Notes to Schedule of Investments.

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

 **Franklin New York Municipal Income ETF**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwell Healthcare Inc., Series A, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 5/1/54 | &nbsp;&nbsp; $5000000 | &nbsp;&nbsp;&nbsp; $4487100<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwell Healthcare Inc., Series A, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/1/54 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1561967<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pace York University, Series A | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 5/1/49 | &nbsp;&nbsp; 875000 | &nbsp;&nbsp;&nbsp; 917181<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pace York University, Series A | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 5/1/56 | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp; 1817381<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; School Districts Financial Program Bonds, Series C, Unrefunded, AG, State Aid <br> Withholding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/31 | &nbsp;&nbsp; 20000 | &nbsp;&nbsp;&nbsp; 20041<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; School Districts Financial Program Bonds, Series C, Unrefunded, AG, State Aid <br> Withholding | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 10/1/36 | &nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp; 40079<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Joseph's College, Series 2021 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/35 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 564744<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Joseph's College, Series 2021 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 176460<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Joseph's College, Series 2021 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/51 | &nbsp;&nbsp; 1775000 | &nbsp;&nbsp;&nbsp; 1528658<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The New School, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp; 961992<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wagner College, Series 2022, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp; 730000 | &nbsp;&nbsp;&nbsp; 703306<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wagner College, Series 2022, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp; 840000 | &nbsp;&nbsp;&nbsp; 804031<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; White Plains Hospital, Series 2024 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 10/1/49 | &nbsp;&nbsp; 2200000 | &nbsp;&nbsp;&nbsp; 2241151<br>|
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Mount Sinai Obligated Group Revenue, <br> Series 2025  | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 7/1/50 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 3027170<br>|
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Sales Tax Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/15/54 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5220338<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/15/51 | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; 2625988<br>|
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, State Personal Income Tax Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bidding Group 5, Series A, Refunding | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 3/15/38 | &nbsp;&nbsp; 1320000 | &nbsp;&nbsp;&nbsp; 1262166<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/15/55 | &nbsp;&nbsp; 5240000 | &nbsp;&nbsp;&nbsp; 5457085<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax-Exempt Bonds, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/39 | &nbsp;&nbsp; 5000 | &nbsp;&nbsp;&nbsp; 5201<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax-Exempt Bonds, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/41 | &nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp; 10401<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York State Energy Finance Development Corp. Revenue, Series 2025  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/33 | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp; 1503270<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York State Energy Research & Development Authority Pollution Control <br> Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Electric & Gas Corp. Project, Series C, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 4/1/34 | &nbsp;&nbsp; 3600000 | &nbsp;&nbsp;&nbsp; 3805306<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Electric & Gas Corp. Project, Series D, Refunding | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 10/1/29 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5107035<br>|
| &nbsp;&nbsp;&nbsp; New York State Environmental Facilities Corp., Solid Water Disposal Facility <br> Revenue, Casella Waste Systems Inc. Project  | &nbsp;&nbsp; 5.125% | &nbsp;&nbsp; 9/3/30 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1055812<br> <sup>(a)(b)(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York State HFA Revenue, 325 Kent Avenue Housing, Series A, Refunding, <br> FNMA - Collateralized  | &nbsp;&nbsp; 3.950% | &nbsp;&nbsp; 1/1/35 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5127875<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York State Liberty Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 World Trade Center Project, Series 2021, Refunding | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 2/15/42 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1336303<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 World Trade Center Project, Series 2021, Refunding | &nbsp;&nbsp; 2.750% | &nbsp;&nbsp; 2/15/44 | &nbsp;&nbsp; 8250000 | &nbsp;&nbsp;&nbsp; 6454785<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 World Trade Center Project, Class 1, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/44 | &nbsp;&nbsp; 13975000 | &nbsp;&nbsp;&nbsp; 13998038<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 World Trade Center Project, Class 2, Refunding | &nbsp;&nbsp; 5.150% | &nbsp;&nbsp; 11/15/34 | &nbsp;&nbsp; 515000 | &nbsp;&nbsp;&nbsp; 515971<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 World Trade Center Project, Class 3, Refunding | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 9/15/52 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 2409950<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Headquarters | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 10/1/37 | &nbsp;&nbsp; 4010000 | &nbsp;&nbsp;&nbsp; 4944262<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax-Exempt Bonds, 4 World Trade Center Project, Green Bonds, Refunding | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 11/15/51 | &nbsp;&nbsp; 7120000 | &nbsp;&nbsp;&nbsp; 5266852<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax-Exempt Bonds, 7 World Trade Center Project, Green Bonds, Refunding | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 9/15/43 | &nbsp;&nbsp; 25290000 | &nbsp;&nbsp;&nbsp; 22120533<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax-Exempt Bonds, 7 World Trade Center Project, Green Bonds, Refunding | &nbsp;&nbsp; 3.125% | &nbsp;&nbsp; 9/15/50 | &nbsp;&nbsp; 3075000 | &nbsp;&nbsp;&nbsp; 2353063<br>|
| &nbsp;&nbsp;&nbsp; New York State Liberty Development Corp., Second Priority Liberty Revenue, Bank <br> of America Tower at One Bryant Park Project, Class 3, Refunding  | &nbsp;&nbsp; 2.800% | &nbsp;&nbsp; 9/15/69 | &nbsp;&nbsp; 5500000 | &nbsp;&nbsp;&nbsp; 5185288<br>|

---

See Notes to Schedule of Investments.

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Franklin New York Municipal Income ETF**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* |
| &nbsp;&nbsp;&nbsp; New York State Thruway Authority General Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Junior Indebtedness Obligations, Junior Lien, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/51 | &nbsp;&nbsp; $1000000 | &nbsp;&nbsp;&nbsp; $1053544<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Junior Indebtedness Obligations, Junior Lien, Series B, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 1/1/41 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 3035556<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Junior Indebtedness Obligations, Junior Lien, Series B, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 1/1/45 | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp; 5830347<br>|
| &nbsp;&nbsp;&nbsp; New York State Transportation Development Corp., Special Facilities Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines Inc., LaGuardia Airport Terminals C & D Redevelopment Project | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 4/1/40 | &nbsp;&nbsp; 2900000 | &nbsp;&nbsp;&nbsp; 3105250<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines Inc., LaGuardia Airport Terminals C and D Redevelopment <br> Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/40 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5177055<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines Inc., LaGuardia Airport Terminals C and D Redevelopment <br> Project, Series 202 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/35 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 796074<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFK Airport Terminal 6 Redevelopment Project, Green Bonds, Series 2025, <br> Refunding | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 12/31/60 | &nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp; 2308253<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JFK Airport Terminal 6 Redevelopment Project, Green Bonds, Series A, <br> Refunding, AG | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 12/31/54 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1540957<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport New Terminal Four Project, Series 2022 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/34 | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp; 2769048<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport New Terminal One Project, Green Bonds | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 6/30/54 | &nbsp;&nbsp; 5700000 | &nbsp;&nbsp;&nbsp; 5983668<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport New Terminal One Project, Green Bonds, <br> Series 2024 | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 6/30/60 | &nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp; 2811200<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport Project 2021, Refunding | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 8/1/31 | &nbsp;&nbsp; 1630000 | &nbsp;&nbsp;&nbsp; 1572569<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LaGuardia Airport Terminal B Redevelopment Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp; 3501390<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines Inc., LaGuardia Airport Terminals C and D Redevelopment <br> Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/36 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5143661<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York State Urban Development Corp. Revenue, Series A  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/15/45 | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; 10729709<br>|
| &nbsp;&nbsp;&nbsp; Oneida County, NY, Local Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mohawk Valley Health System Project, Series A, AG | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; 3767061<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mohawk Valley Health System Project, Series A, Refunding, AG | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1025770<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mohawk Valley Health System Project, Series A, Refunding, AG | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/36 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1278087<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mohawk Valley Health System Project, Series A, Refunding, AG | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/37 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1018454<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mohawk Valley Health System Project, Series A, Refunding, AG | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/38 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1270084<br>|
| &nbsp;&nbsp;&nbsp; Oneida Indian Nation of New York, NY, Tax Exempt Bonds  | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 9/1/43 | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp; 1311962<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Onondaga Civic Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series 2015 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/34 | &nbsp;&nbsp; 445000 | &nbsp;&nbsp;&nbsp; 445519<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series 2018, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/43 | &nbsp;&nbsp; 740000 | &nbsp;&nbsp;&nbsp; 747946<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series 2021 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 150580<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series 2021 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/41 | &nbsp;&nbsp; 215000 | &nbsp;&nbsp;&nbsp; 207483<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series 2021 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp; 453912<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series 2021 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/51 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp; 694960<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series 2022, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/34 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 308333<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series 2022, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp; 325000 | &nbsp;&nbsp;&nbsp; 329923<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series 2022, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/39 | &nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp; 449947<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series 2022, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp; 498337<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series B, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp; 425000 | &nbsp;&nbsp;&nbsp; 430660<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series B, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/39 | &nbsp;&nbsp; 825000 | &nbsp;&nbsp;&nbsp; 824903<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Le Moyne College Project, Series B, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 294872<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Syracuse University Project, Series 2025 | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 12/1/56 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1100271<br>|
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Series 217 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/1/39 | &nbsp;&nbsp; 3250000 | &nbsp;&nbsp;&nbsp; 3317917<br>|

---

See Notes to Schedule of Investments.

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

 **Franklin New York Municipal Income ETF**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Series 217 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/1/44 | &nbsp;&nbsp; $2700000 | &nbsp;&nbsp;&nbsp; $2848520<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Series 217, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/15/47 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 3188694<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Series 250, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 10/15/51 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1354967<br>|
| &nbsp;&nbsp;&nbsp; Poughkeepsie, Dutchess County, NY, GO, Public Improvement Bonds, Series 2019, <br> Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 602797<br>|
| &nbsp;&nbsp;&nbsp; Southold Local Development Corp. Revenue, Peconic Landing at Southold, Inc. <br> Project, Series 2015  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/45 | &nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp; 2250230<br>|
| &nbsp;&nbsp;&nbsp; St. Lawrence County IDA Civic Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarkson University Project, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/39 | &nbsp;&nbsp; 195000 | &nbsp;&nbsp;&nbsp; 199456<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarkson University Project, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 202702<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarkson University Project, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/41 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 200823<br>|
| &nbsp;&nbsp;&nbsp; Suffolk Regional Off-Track Betting Corp., NY, Revenue, Tax-Exempt, GO  | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 12/1/53 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 3070426<br>|
| &nbsp;&nbsp;&nbsp; Suffolk Tobacco Asset Securitization Corp., NY, Revenue, Tobacco Settlement <br> Asset-Backed Bonds, Subordinate Bonds, Series B-2, Refunding  | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 6/1/66 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 461623<br>|
| &nbsp;&nbsp;&nbsp; Syracuse Regional Airport Authority, NY, Revenue, Series 2021, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1634559<br> <sup>(a)</sup><br>|
| &nbsp;&nbsp;&nbsp; Tompkins County Development Corp. Revenue, Continuing Care Retirement <br> Community Revenue Bonds, Kendal at Ithaca, Inc. Project, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/44 | &nbsp;&nbsp; 2570000 | &nbsp;&nbsp;&nbsp; 2571247<br>|
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CAB, Refunding, Series B, Refunding | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 11/15/32 | &nbsp;&nbsp; 3900000 | &nbsp;&nbsp;&nbsp; 3238949<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payroll Mobility Tax Senior Lien Bonds, Series C, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/15/52 | &nbsp;&nbsp; 5500000 | &nbsp;&nbsp;&nbsp; 5768631<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payroll Mobility Tax, Senior Lien, Series D-2 | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 5/15/52 | &nbsp;&nbsp; 3250000 | &nbsp;&nbsp;&nbsp; 3472448<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate Transfer Tax Revenue Bonds, Series A | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 12/1/59 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp; 5386020<br>|
| &nbsp;&nbsp;&nbsp; Troy, NY, Capital Resource Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rensselaer Polytechnic Institute Project, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/34 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2178087<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rensselaer Polytechnic Institute Project, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/39 | &nbsp;&nbsp; 2725000 | &nbsp;&nbsp;&nbsp; 2895978<br>|
| &nbsp;&nbsp;&nbsp; TSASC, Inc., Tobacco Settlement Bonds Revenue, Senior Lien, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp; 8490000 | &nbsp;&nbsp;&nbsp; 8548540<br>|
| &nbsp;&nbsp;&nbsp; Utility Debt Securitization Authority Revenue, Restructuring Bonds, Series 2023, <br> Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/15/40 | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp; 4614270<br>|
| &nbsp;&nbsp;&nbsp; Westchester County, NY, IDA Revenue, Armory Plaza Housing, L.P. Project, <br> Series 2023, FNMA - Collateralized HUD Section 8  | &nbsp;&nbsp; 4.300% | &nbsp;&nbsp; 5/1/41 | &nbsp;&nbsp; 3169000 | &nbsp;&nbsp;&nbsp; 3256901<br> <sup>(d)(e)</sup><br>|
| &nbsp;&nbsp;&nbsp; Westchester County, NY, Local Development Corp. Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kendal on Hudson Project, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/32 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 530652<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kendal on Hudson Project, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/37 | &nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp; 553848<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kendal on Hudson Project, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/41 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 523901<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Blood Center Project, Series 2024 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/38 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1097012<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase Housing Corp. II Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/42 | &nbsp;&nbsp; 1235000 | &nbsp;&nbsp;&nbsp; 1240684<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase Senior Learning Community Inc. Project, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/56 | &nbsp;&nbsp; 2205000 | &nbsp;&nbsp;&nbsp; 2024678<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Westchester, NY, Tobacco Asset Securitization Corp. Revenue, Series B, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/41 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1264077<br>|
| &nbsp;&nbsp;&nbsp; Yonkers EDC Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; La Martine-Warburton LLC, Charter School of Educational Excellence Project, <br> Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/15/39 | &nbsp;&nbsp; 545000 | &nbsp;&nbsp;&nbsp; 552467<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; La Martine-Warburton LLC, Charter School of Educational Excellence Project, <br> Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/15/49 | &nbsp;&nbsp; 665000 | &nbsp;&nbsp;&nbsp; 620575<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; La Martine-Warburton LLC, Charter School of Educational Excellence Project, <br> Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/15/54 | &nbsp;&nbsp; 505000 | &nbsp;&nbsp;&nbsp; 461106<br>|
| *Total New York* | *Total New York* | *Total New York* | *Total New York* | &nbsp;&nbsp; *593925387* |

---

See Notes to Schedule of Investments.

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

February 28, 2026

 **Franklin New York Municipal Income ETF**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Puerto Rico — 1.0%* | *Puerto Rico — 1.0%* | *Puerto Rico — 1.0%* | *Puerto Rico — 1.0%* | *Puerto Rico — 1.0%* |
| &nbsp;&nbsp;&nbsp; Cofina Class 2 Trust, Tax Exempt Class, Series 2047  | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 8/1/47 | &nbsp;&nbsp; $1496871 | &nbsp;&nbsp;&nbsp; $496961<br>|
| &nbsp;&nbsp;&nbsp; Puerto Rico Commonwealth, GO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp; 2755682<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/41 | &nbsp;&nbsp; 3200000 | &nbsp;&nbsp;&nbsp; 3105835<br>|
| *Total Puerto Rico* | *Total Puerto Rico* | *Total Puerto Rico* | *Total Puerto Rico* | &nbsp;&nbsp; *6358478* |
| *Washington — 0.7%* | *Washington — 0.7%* | *Washington — 0.7%* | *Washington — 0.7%* | *Washington — 0.7%* |
| &nbsp;&nbsp;&nbsp; Grays Harbor County, WA, Public Hospital District No 1 Revenue, Summit Pacific <br> Medical Center, Series 2023, Refunding | &nbsp;&nbsp; 6.750% | &nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp; 4300000 | &nbsp;&nbsp;&nbsp; *4842859*<br>|
| **Total Municipal Bonds (Cost — $598,753,949)** | **Total Municipal Bonds (Cost — $598,753,949)** | **Total Municipal Bonds (Cost — $598,753,949)** | **Total Municipal Bonds (Cost — $598,753,949)** | &nbsp;&nbsp; **606890971** |
| **Municipal Bonds Deposited in Tender Option Bond Trust**<sup>(f)</sup> **— 1.6%** | **Municipal Bonds Deposited in Tender Option Bond Trust**<sup>(f)</sup> **— 1.6%** | **Municipal Bonds Deposited in Tender Option Bond Trust**<sup>(f)</sup> **— 1.6%** | **Municipal Bonds Deposited in Tender Option Bond Trust**<sup>(f)</sup> **— 1.6%** | **Municipal Bonds Deposited in Tender Option Bond Trust**<sup>(f)</sup> **— 1.6%** |
| *District of Columbia — 1.6%* | *District of Columbia — 1.6%* | *District of Columbia — 1.6%* | *District of Columbia — 1.6%* | *District of Columbia — 1.6%* |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington, DC, Transit Authority, Dedicated Tax Revenue, Second <br> Lien, Series A (Cost — $10,423,638) | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/48 | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp;&nbsp; **10503302**<br>|
| **Total Investments before Short-Term Investments (Cost — $609,177,587)** | **Total Investments before Short-Term Investments (Cost — $609,177,587)** | **Total Investments before Short-Term Investments (Cost — $609,177,587)** | **Total Investments before Short-Term Investments (Cost — $609,177,587)** | &nbsp;&nbsp; **617394273** |
|  |  |  | Shares |  |
| **Short-Term Investments — 4.1%** | **Short-Term Investments — 4.1%** | **Short-Term Investments — 4.1%** | **Short-Term Investments — 4.1%** | **Short-Term Investments — 4.1%** |
| &nbsp;&nbsp;&nbsp; Putnam Government Money Market Fund, Class P Shares (Cost — $26,296,893)  | &nbsp;&nbsp; 3.450% |  | &nbsp;&nbsp; 26296893<br>| &nbsp;&nbsp;&nbsp;&nbsp; **26296893**<br> <sup>(g)(h)</sup><br>|
| **Total Investments — 99.8% (Cost — $635,474,480)** | **Total Investments — 99.8% (Cost — $635,474,480)** | **Total Investments — 99.8% (Cost — $635,474,480)** | **Total Investments — 99.8% (Cost — $635,474,480)** | &nbsp;&nbsp; **643691166** |
| &nbsp;&nbsp;&nbsp; TOB Floating Rate Notes — (1.0)% | &nbsp;&nbsp;&nbsp; TOB Floating Rate Notes — (1.0)% | &nbsp;&nbsp;&nbsp; TOB Floating Rate Notes — (1.0)% | &nbsp;&nbsp;&nbsp; TOB Floating Rate Notes — (1.0)% | &nbsp;&nbsp;&nbsp; (6665000)<br>|
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Other Liabilities — 1.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Other Liabilities — 1.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Other Liabilities — 1.2% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Other Liabilities — 1.2% | &nbsp;&nbsp;&nbsp; 7737818 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$644763984** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Income from this issue is considered a preference item for purposes of calculating the alternative minimum tax ("AMT").

<sup>(b)</sup> Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. 

<sup>(c)</sup> Pre-Refunded bonds are generally escrowed with U.S. government obligations and/or U.S. government agency securities.

<sup>(d)</sup> Maturity date shown represents the mandatory tender date.

<sup>(e)</sup> Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. 

<sup>(f)</sup> Represents securities deposited into a special purpose entity, referred to as a Tender Option Bond ("TOB") trust..

<sup>(g)</sup> Rate shown is one-day yield as of the end of the reporting period. 

<sup>(h)</sup> In this instance, as defined in the Investment Company Act of 1940, an "Affiliated Company" represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At February 28, 2026, the total market value of investments in Affiliated Companies was $26,296,893 and the cost was $26,296,893 (Note 2). 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Schedule of Investments.

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

 **Franklin New York Municipal Income ETF**

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| AG |  | Assured Guaranty — Insured Bonds |
| AMBAC |  | American Municipal Bond Assurance Corporation — Insured Bonds |
| BAM |  | Build America Mutual — Insured Bonds |
| CAB |  | Capital Appreciation Bonds |
| EDC |  | Economic Development Corporation |
| FHA |  | Federal Housing Administration — Insured Bonds |
| FNMA |  | Federal National Mortgage Association |
| GO |  | General Obligation |
| HDC |  | Housing Development Corporation |
| HFA |  | Housing Finance Agency |
| HUD |  | Housing & Urban Development |
| IDA |  | Industrial Development Authority |
| MFH |  | Multi-Family Housing |
| MTA |  | Metropolitan Transportation Authority |
| TFA |  | Transitional Finance Authority |

---

At February 28, 2026, the Fund had the following open futures contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp; <br> Number of <br>Contracts<br>| &nbsp;&nbsp;&nbsp; <br> Expiration <br>Date<br>| &nbsp;&nbsp;&nbsp; <br> Notional <br>Amount<br>| &nbsp;&nbsp;&nbsp; <br> Market <br>Value<br>| &nbsp;&nbsp;&nbsp; <br> Unrealized <br>Depreciation<br>|
| **Contracts to Sell:** |  |  |  |  |  |
| U.S. Treasury Ultra Long-Term Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp;&nbsp; 6/26 | &nbsp;&nbsp;&nbsp;&nbsp; $8559889 | &nbsp;&nbsp;&nbsp;&nbsp; $8633156 | &nbsp;&nbsp;&nbsp; **$(73267)** |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization and significant accounting policies** 

Franklin New York Municipal Income ETF (the "Fund") is a separate diversified investment series of Putnam ETF Trust (the "Trust"). The Trust, a Delaware statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

The Fund is an actively managed exchange-traded fund ("ETF"). ETFs are funds that trade like other publicly-traded securities. Unlike shares of a mutual fund, which can be bought from and redeemed by the issuing fund by all shareholders at a price based on NAV, shares of the Fund may be directly purchased from and redeemed by the Fund at NAV solely by certain large institutional investors who have entered into agreements with the Fund's distributor ("Authorized Participants"). Also unlike shares of a mutual fund, shares of the Fund are listed on a national securities exchange and trade in the secondary market at market prices that change throughout the day.

Shares of the Fund are listed and traded at market prices on NYSE Arca, Inc. The market price for the Fund's shares may be different from the Fund's NAV. The Fund issues and redeems shares at NAV only in blocks of a specified number of shares or multiples thereof ("Creation Units"). Only Authorized Participants may purchase or redeem Creation Units directly with the Fund at NAV. Creation Units are created and redeemed principally in-kind (although under some circumstances its shares are created and redeemed partially for cash). Except when aggregated in Creation Units, shares of the Fund are not redeemable securities. Shareholders who are not Authorized Participants may not redeem shares directly from the Fund at NAV.

The Fund seeks as high a level of current income exempt from federal income tax and New York personal income tax as is consistent with preservation of capital.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Trustees (the "Board").

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; $606890971 | &nbsp;&nbsp; — | &nbsp;&nbsp; $606890971 |
| &nbsp;&nbsp;&nbsp; Municipal Bonds Deposited in Tender Option Bond Trust | &nbsp;&nbsp; — | &nbsp;&nbsp; 10503302 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10503302 |
| Total Long-Term Investments | &nbsp;&nbsp; — | &nbsp;&nbsp; 617394273 | &nbsp;&nbsp; — | &nbsp;&nbsp; 617394273 |
| Short-Term Investments† | &nbsp;&nbsp; $26296893 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 26296893 |
| **Total Investments** | &nbsp;&nbsp; **$26296893** | &nbsp;&nbsp; **$617394273** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$643691166** |
| **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  | **LIABILITIES**  |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Futures Contracts†† | &nbsp;&nbsp; $73267 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; $73267 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations. <br> †† Reflects the unrealized appreciation (depreciation) of the instruments.

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended February 28, 2026. The following transactions were

------

Franklin New York Municipal Income ETF 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited) (cont'd)

effected in such company for the period ended February 28, 2026. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>November 30, <br>2025 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>November 30, <br>2025 | Cost | Shares | Proceeds | Shares |
| Putnam Government <br> Money Market Fund, <br> Class P Shares<br>| $15555073 | $41065294 | 41065294 | $30323474 | 30323474 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>February 28, <br>2026<br>|
| Putnam Government Money <br> Market Fund, Class P Shares<br>|  | $160044 |  | $26296893 |

---

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Franklin New York Municipal Income ETF 2026 Quarterly Report

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Franklin New York Municipal Income ETF

- **b. EDGAR series identifier (if any):** S000094553

- **c. LEI of Series:** 254900GBYQZFZQ343281

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-27

**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:** $651731625.49

**Total Liabilities:** $6967655.34

**Net Assets:** $644763970.15

**Cash Not Reported:** $388185.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 894.05150000 | **1-Year:** 6078.41858000 | **5-Year:** 78551.94142000 | **10-Year:** 372303.83527000 | **30-Year:** 23473.97970000

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

- **3-Month:** 0.00000000 | **1-Year:** 879.05458000 | **5-Year:** 8945.30512000 | **10-Year:** 27363.33118000 | **30-Year:** 1055.09918000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263086 | -0.05%               | 0.64%                | 1.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-968422.34              | $-1656468.00                               |
| Month 2  | $-70457.83               | $1851636.29                                |
| Month 3  | $138.05                  | $9235977.78                                |

**Designated Index Information**

- **Index Name:** BTMNTR Index

- **Index Identifier:** BM10506

### Schedule of Portfolio Investments

| Name                                                               | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO BOARD OF TRADE                                             | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -71 | NC      | $-73266.82    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                      | NY MONDEV 5.25 06/01/2054                      | CUSIP: 61075TXS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $890728.60    | 0.14%             | 2054-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CONVENTION CTR DEV CORP N Y                               | NY NYSDEV 0 11/15/2050                         | CUSIP: 649451EL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $2229494.40   | 0.35%             | 2050-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5.25 07/01/2054                      | CUSIP: 65000BT81<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2965582.63   | 0.46%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                       | NY NYC 4 08/01/2042                            | CUSIP: 64966QCW8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3503210.20   | 0.54%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY N Y DEV CORP                                               | NY LBTDEV 5.5 10/01/2037                       | CUSIP: 531127CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4010000 | PA      | $4944262.23   | 0.77%             | 2037-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY                                  | NY SWLDEV 5 09/01/2040                         | CUSIP: 791078DL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202702.24    | 0.03%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                       | NY NYC 5 08/01/2046                            | CUSIP: 64966Q6M7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1531542.64   | 0.24%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP                                          | NY NYCDEV 5 11/15/2044                         | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13975000 | PA      | $13998037.79  | 2.17%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 4 07/01/2039                         | CUSIP: 682832KE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $449946.86    | 0.07%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | NY NYTTRN 5.25 12/31/2054                      | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540957.20   | 0.24%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2044                         | CUSIP: 65000BT65<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    700000 | PA      | $731498.46    | 0.11%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 4 07/01/2038                         | CUSIP: 682832JM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150579.98    | 0.02%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCMFH 2.6 11/01/2056                       | CUSIP: 64972EYX1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2577497.20   | 0.40%             | 2056-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| ONEIDA CNTY N Y LOC DEV CORP                                       | NY ONEDEV 4 12/01/2037                         | CUSIP: 682440BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018453.50   | 0.16%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5 12/01/2031                         | CUSIP: 012432BT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115118.12    | 0.02%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 5 07/01/2051                         | CUSIP: 267045NK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4002776.00   | 0.62%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5.5 06/15/2063                       | CUSIP: 12008EUP9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1599725.28   | 0.25%             | 2063-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCMFH 2.6 11/01/2056                       | CUSIP: 64972EWT2<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1069661.34   | 0.17%             | 2056-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCHSG 4.75 11/01/2054                      | CUSIP: 64972KCK9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3023110.80   | 0.47%             | 2054-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                      | NY MONDEV 5 06/01/2059                         | CUSIP: 61075YAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4120000 | PA      | $3983320.24   | 0.62%             | 2059-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH                                 | NY NYCUTL 5 06/15/2048                         | CUSIP: 64972GZD9<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2181571.05   | 0.34%             | 2048-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 4 05/01/2054                         | CUSIP: 65000B6L7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4487100.50   | 0.70%             | 2054-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS TOB TR VI                                           | NY NYSGEN 5 06/01/2036                         | CUSIP: 64945JAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265915.89    | 0.04%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH                                 | NY NYCUTL 5.25 06/15/2055                      | CUSIP: 64972GL85<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7994002.50   | 1.24%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5 12/01/2032                         | CUSIP: 012432BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $495467.68    | 0.08%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY                                  | NY SWLDEV 5 09/01/2039                         | CUSIP: 791078DK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $199455.89    | 0.03%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5.25 07/01/2049                      | CUSIP: 65000BT73<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2373596.09   | 0.37%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ERIE CNTY N Y INDL DEV AGY                                         | NY ERIMFH 4.25 02/01/2041                      | CUSIP: 29508TAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4410000 | PA      | $4583295.80   | 0.71%             | 2041-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2042                         | CUSIP: 65000BJT6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    225000 | PA      | $235027.89    | 0.04%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5.5 05/01/2049                       | CUSIP: 65000B4Y1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    875000 | PA      | $917181.04    | 0.14%             | 2049-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2043                         | CUSIP: 65000BT57<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    770000 | PA      | $811235.58    | 0.13%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH                                 | NY NYCUTL 5.25 06/15/2047                      | CUSIP: 64972GE91<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4315652.40   | 0.67%             | 2047-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCMFH 2.5 11/01/2051                       | CUSIP: 64972EWS4<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3321378.50   | 0.52%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 4 07/01/2039                         | CUSIP: 267045PY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100997.36    | 0.02%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCMFH 2.45 11/01/2045                      | CUSIP: 64972EA74<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4020000 | PA      | $2991279.59   | 0.46%             | 2045-11-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | NY NYCGEN 4 05/01/2039                         | CUSIP: 64971XUB2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5128753.50   | 0.80%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROOME CNTY N Y LOC DEV CORP                                       | NY BRMDEV 4 07/01/2041                         | CUSIP: 114731BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2612452.68   | 0.41%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROOME CNTY N Y LOC DEV CORP                                       | NY BRMDEV 4 04/01/2040                         | CUSIP: 114731AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1365140.52   | 0.21%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                       | NY NYC 5.25 03/01/2053                         | CUSIP: 64966SBA3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5835000 | PA      | $6145581.30   | 0.95%             | 2053-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 4 07/01/2042                         | CUSIP: 682832KF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $498336.62    | 0.08%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCMFH 2.5 11/01/2051                       | CUSIP: 64972EYW3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   5480000 | PA      | $3640230.84   | 0.56%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 5 07/01/2045                         | CUSIP: 267045NJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3431762.80   | 0.53%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YONKERS N Y ECONOMIC DEV CORP                                      | NY YONDEV 5 10/15/2039                         | CUSIP: 98608MAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $552467.43    | 0.09%             | 2039-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 4 07/01/2036                         | CUSIP: 682832FL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $430660.49    | 0.07%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG IS PWR AUTH N Y                                               | NY LSLPWR 3 09/01/2040                         | CUSIP: 542691EU0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923889.50    | 0.14%             | 2040-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5 12/01/2033                         | CUSIP: 012432BV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325283.08    | 0.05%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                      | NY MONDEV 5 12/01/2046                         | CUSIP: 61075TRT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001038.60   | 0.47%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONEIDA CNTY N Y LOC DEV CORP                                       | NY ONEDEV 4 12/01/2038                         | CUSIP: 682440BH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1270083.63   | 0.20%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                | NY NYTTRN 5 10/01/2040                         | CUSIP: 650116CZ7<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5177055.00   | 0.80%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | NY NYCGEN 4 05/01/2040                         | CUSIP: 64971XUC0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2544618.50   | 0.39%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCMFH 5.25 12/15/2031                      | CUSIP: 64966TGX6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2758685.51   | 0.43%             | 2031-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| POUGHKEEPSIE CITY N Y                                              | NY POU 5 06/01/2031                            | CUSIP: 7386295T7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602797.38    | 0.09%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKHAVEN N Y LOC DEV CORP                                        | NY BRODEV 5.25 11/01/2036                      | CUSIP: 113168AY4<br>LEI: 549300384JET720NAQ98 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1214140.08   | 0.19%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | NY NYCGEN 5.5 11/01/2045                       | CUSIP: 64971X4D7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10964164.00  | 1.70%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSPORTATION AUTHORITY (NY)                         | NY MTATRN 5.25 11/15/2054                      | CUSIP: 59260XCG1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5313552.50   | 0.82%             | 2054-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5.12 05/01/2038                      | CUSIP: 12008ENP7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1110925.42   | 0.17%             | 2038-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | NY NYTTRN 5 12/01/2034                         | CUSIP: 650116FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2769048.50   | 0.43%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUFFOLK TOB ASSET SECURITIZATION CORP N Y TOB SETTLEMENT ASSET-BKD | NY SFKSEC 0 06/01/2066                         | CUSIP: 864809CD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $461622.50    | 0.07%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5 06/15/2042                         | CUSIP: 12008ETD8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    850000 | PA      | $810001.81    | 0.13%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH                                 | NY NYCUTL 5.25 06/15/2052                      | CUSIP: 64972GB60<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056353.30   | 0.16%             | 2052-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NASSAU CNTY N Y LOC ECONOMIC ASSISTANCE CORP                       | NY NASDEV 5 07/01/2055                         | CUSIP: 63165CAC6<br>LEI: 549300FCI13UFG0Y6Y37 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2527346.80   | 0.39%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM INTL ARPT AUTH                                                | GU GMSAPT 5.12 10/01/2034                      | CUSIP: 40064RFC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $434248.93    | 0.07%             | 2034-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5.25 05/01/2050                      | CUSIP: 012432ET3<br>LEI: 549300JIJJ1TDMP04F71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068002.00   | 0.17%             | 2050-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                       | NY NYC 5.25 10/01/2047                         | CUSIP: 64966QL57<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $5085336.96   | 0.79%             | 2047-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                            | NY NYSHSG 11/01/2050                           | CUSIP: 64987JY96<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5127875.50   | 0.80%             | 2050-11-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENERGY RESH & DEV AUTH                                 | NY NYSPWR 4 04/01/2034                         | CUSIP: 649845HY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3805305.84   | 0.59%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                      | NY MONDEV 4 12/01/2046                         | CUSIP: 61075TWQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1108653.00   | 0.17%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YONKERS N Y ECONOMIC DEV CORP                                      | NY YONDEV 5 10/15/2054                         | CUSIP: 98608MAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $461105.96    | 0.07%             | 2054-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4 07/01/2049                         | CUSIP: 12008EQN9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $901689.20    | 0.14%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2032                         | CUSIP: 65000BJR0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    525000 | PA      | $583847.62    | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP                                          | NY NYCDEV 3.5 09/15/2052                       | CUSIP: 649519FB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2409950.10   | 0.37%             | 2052-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Putnam Investment Fund.                                            | Putnam Investment Fund. GOVT MMKT P            | CUSIP: 74680A869<br>LEI: 549300SRAF55EHI5J317 | Long             | STIV             | RF                | US        |  26296893 | PA      | $26296893.06  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTCHESTER CNTY N Y INDL DEV AGY                                  | NY WCHMFH 06/01/2046                           | CUSIP: 95737QAG7<br>LEI: 549300YOPFLG4RJ5YO58 | Long             | DBT              | MUN               | US        |   3169000 | PA      | $3256900.77   | 0.51%             | 2046-06-01      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| TROY N Y CAP RESOURCE CORP                                         | NY TRYGEN 5 09/01/2039                         | CUSIP: 897579BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2895978.22   | 0.45%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAYS HARBOR COUNTY PUBLIC UTILITY DISTRICT N.1 (WA)               | WA GRHMED 6.75 12/01/2044                      | CUSIP: 389526AG9<br>LEI: TBI9VVSY0W0HBJJJJM65 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4842858.66   | 0.75%             | 2044-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | NY NYCGEN 5.25 02/01/2053                      | CUSIP: 64972JGW2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5291269.00   | 0.82%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4.5 06/15/2043                       | CUSIP: 12008EUG9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    700000 | PA      | $669943.26    | 0.10%             | 2043-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS TOB TR VI                                           | NY NYSGEN 5 06/01/2051                         | CUSIP: 64945JAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1957682.95   | 0.30%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP                                         | NY NYSFAC 5 03/15/2045                         | CUSIP: 64985TEM9<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10729709.00  | 1.66%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                       | NY NYC 5.25 10/01/2043                         | CUSIP: 64966QL40<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1640172.45   | 0.25%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 5 07/01/2034                         | CUSIP: 682832CY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $445518.83    | 0.07%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5 06/15/2052                         | CUSIP: 12008ETE6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1314143.51   | 0.20%             | 2052-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5 07/01/2045                         | CUSIP: 12008EKC9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501008.75   | 0.39%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y                                    | NY TRBTRN 5.5 05/15/2052                       | CUSIP: 89602HEQ6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3472447.88   | 0.54%             | 2052-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                       | NY MTATRN 4 11/15/2047                         | CUSIP: 59261AH75<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1837318.40   | 0.28%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YONKERS N Y ECONOMIC DEV CORP                                      | NY YONDEV 5 10/15/2049                         | CUSIP: 98608MAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $620575.14    | 0.10%             | 2049-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                       | NY NYC 5.25 09/01/2046                         | CUSIP: 64966SHF6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5419617.00   | 0.84%             | 2046-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY N Y LOC DEV CORP                                  | NY WSTDEV 5 06/01/2042                         | CUSIP: 95737TDU7<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1240683.59   | 0.19%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                                | NY PORTRN 4 11/01/2039                         | CUSIP: 73358W4Q4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3317916.55   | 0.51%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2031                         | CUSIP: 65000BJQ2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    625000 | PA      | $687425.13    | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 4 07/01/2039                         | CUSIP: 682832FP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $824902.57    | 0.13%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | NY NYTTRN 5 07/01/2046                         | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3501389.85   | 0.54%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY INDL DEV AGY                                     | NY NYCDEV 5 07/01/2028                         | CUSIP: 64972PAL8<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    835000 | PA      | $835800.60    | 0.13%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5.12 10/01/2036                      | CUSIP: 64990CCK5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40078.82     | 0.01%             | 2036-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN N Y LOC DEV CORP                                    | NY HMVDEV 5 07/01/2038                         | CUSIP: 424682HZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $487579.63    | 0.08%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 10/01/2031                         | CUSIP: 64990CCJ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20041.46     | 0.00%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 5 07/01/2035                         | CUSIP: 267045HS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155829.93    | 0.02%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING CORP N Y                            | NY SOBGEN 6 12/01/2053                         | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3070426.50   | 0.48%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCHSG 3.05 11/01/2042                      | CUSIP: 64972EN47<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   3195000 | PA      | $2938602.21   | 0.46%             | 2042-11-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| ONEIDA CNTY N Y LOC DEV CORP                                       | NY ONEDEV 4 12/01/2036                         | CUSIP: 682440BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1278086.75   | 0.20%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 4 05/01/2045                         | CUSIP: 65000BNF1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9573742.00   | 1.48%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG IS PWR AUTH N Y                                               | NY LSLPWR 5 09/01/2049                         | CUSIP: 542691JX9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10642159.00  | 1.65%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSGEN 5.25 03/15/2052                      | CUSIP: 64990KFX6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3181404.90   | 0.49%             | 2052-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BROOKHAVEN N Y LOC DEV CORP                                        | NY BRODEV 4 10/01/2045                         | CUSIP: 113168BF4<br>LEI: 549300384JET720NAQ98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1915656.40   | 0.30%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 5.5 12/01/2056                       | CUSIP: 682832LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100271.40   | 0.17%             | 2056-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 03/15/2051                         | CUSIP: 64990AWW1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2625987.75   | 0.41%             | 2051-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                      | NY MONDEV 5 12/01/2035                         | CUSIP: 61075TRP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $605075.64    | 0.09%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4 09/01/2044                         | CUSIP: 12008EVW3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1021932.77   | 0.16%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | NY NYTTRN 3 08/01/2031                         | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1572569.07   | 0.24%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TWY AUTH                                               | NY NYSTRN 4 01/01/2045                         | CUSIP: 650010CJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5830347.00   | 0.90%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5 05/01/2028                         | CUSIP: 012432CH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $601751.52    | 0.09%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 3 03/15/2038                         | CUSIP: 64990FYF5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1262166.18   | 0.20%             | 2038-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4 07/01/2044                         | CUSIP: 12008EQM1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    450000 | PA      | $431324.91    | 0.07%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN N Y LOC DEV CORP                                    | NY HMVDEV 5 07/01/2037                         | CUSIP: 424682HY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $320403.07    | 0.05%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP                                          | NY NYCDEV 3 02/15/2042                         | CUSIP: 649519EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1336303.20   | 0.21%             | 2042-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY N Y LOC DEV CORP                                  | NY WSTDEV 5 01/01/2037                         | CUSIP: 95737TFC5<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    525000 | PA      | $553847.81    | 0.09%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                | NY NYTTRN 5 01/01/2036                         | CUSIP: 650116CP9<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5143661.50   | 0.80%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLINTON CNTY N Y CAP RES CORP                                      | NY CLIDEV 4.5 07/01/2040                       | CUSIP: 187469AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1152436.67   | 0.18%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSGEN 5 03/15/2055                         | CUSIP: 64990KHC0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5240000 | PA      | $5457084.82   | 0.85%             | 2055-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 4 07/01/2040                         | CUSIP: 64990G4X7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    200000 | PA      | $176459.54    | 0.03%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5.25 07/01/2055                      | CUSIP: 64985SGG2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062191.60   | 0.16%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5.25 07/01/2050                      | CUSIP: 64985SMS9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3027170.40   | 0.47%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                       | NY MTATRN 4 11/15/2047                         | CUSIP: 59261AK55<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2719335.90   | 0.42%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHOLD N Y                                                       | NY STHDEV 5 12/01/2045                         | CUSIP: 844584AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2250230.40   | 0.35%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4.75 06/15/2058                      | CUSIP: 12008EUJ3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    725000 | PA      | $647176.91    | 0.10%             | 2058-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4 11/01/2031                         | CUSIP: 12008ESF4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1272305.50   | 0.20%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5 05/01/2031                         | CUSIP: 012432CL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503991.20   | 0.23%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUFFALO & ERIE CNTY N Y                                            | NY BUFDEV 5 11/15/2030                         | CUSIP: 11943KCQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500822.20    | 0.08%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                      | NY MONDEV 5 07/01/2059                         | CUSIP: 61075TXW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1239501.69   | 0.19%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                       | NY MTATRN 5.25 11/15/2055                      | CUSIP: 59261A5G8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048389.40   | 0.16%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY N Y LOC DEV CORP                                  | NY WSTDEV 5 07/01/2038                         | CUSIP: 95737TFT8<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097012.40   | 0.17%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N Y CNTYS TOB TR II                                                | NY NYSGEN 5.75 06/01/2043                      | CUSIP: 62947VAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $713305.18    | 0.11%             | 2043-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                      | NY MONDEV 4 07/01/2040                         | CUSIP: 61075TVS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3890000 | PA      | $3956013.69   | 0.61%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                       | NY NYC 5 08/01/2042                            | CUSIP: 64966QQF0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5350000 | PA      | $5661922.12   | 0.88%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4 06/15/2056                         | CUSIP: 12008ERT5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    450000 | PA      | $346585.82    | 0.05%             | 2056-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 4 07/01/2040                         | CUSIP: 682832FQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $294871.74    | 0.05%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 4 07/01/2035                         | CUSIP: 64990G4W9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    600000 | PA      | $564744.12    | 0.09%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH                            | NY NYCFAC 5 07/15/2043                         | CUSIP: 64972LBL6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    750000 | PA      | $843022.05    | 0.13%             | 2043-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 03/15/2054                         | CUSIP: 64990AUJ2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5220338.00   | 0.81%             | 2054-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | NY NYTTRN 6 06/30/2054                         | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5983667.91   | 0.93%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 4 07/01/2035                         | CUSIP: 267045PU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $180901.37    | 0.03%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2038                         | CUSIP: 65000BMT2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    840000 | PA      | $804031.37    | 0.12%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUFFALO & ERIE CNTY N Y                                            | NY BUFDEV 4 11/01/2050                         | CUSIP: 11943KEC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6535000 | PA      | $4946160.48   | 0.77%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM INTL ARPT AUTH                                                | GU GMSAPT 5.38 10/01/2040                      | CUSIP: 40064RFF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $573814.29    | 0.09%             | 2040-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                      | NY MONDEV 5.25 06/01/2049                      | CUSIP: 61075TXR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $674276.21    | 0.10%             | 2049-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2036                         | CUSIP: 65000BMR6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    730000 | PA      | $703305.51    | 0.11%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY N Y LOC DEV CORP                                  | NY WSTDEV 5 01/01/2041                         | CUSIP: 95737TFD3<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523900.55    | 0.08%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | NY NYCGEN 5 05/01/2046                         | CUSIP: 64972JMF2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3746430.80   | 0.58%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENERGY RESH & DEV AUTH                                 | NY NYSPWR 3.5 10/01/2029                       | CUSIP: 649845HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5107035.00   | 0.79%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5 05/01/2032                         | CUSIP: 012432CM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $506256.59    | 0.08%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4 11/01/2041                         | CUSIP: 12008ESG2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1626254.28   | 0.25%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y                                    | NY TRBGEN 5.5 12/01/2059                       | CUSIP: 896032BD0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5386020.50   | 0.84%             | 2059-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                      | NY MONDEV 5 07/01/2054                         | CUSIP: 61075TXV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1857268.80   | 0.29%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONEIDA INDIAN NATION N Y                                           | NY ONEFAC 6 09/01/2043                         | CUSIP: 682504AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1311961.56   | 0.20%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5.25 10/01/2049                      | CUSIP: 65000B7X0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2241150.78   | 0.35%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 4 07/01/2041                         | CUSIP: 682832JN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $207483.19    | 0.03%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y                                    | NY TRBTRN 5.25 05/15/2052                      | CUSIP: 89602HDR5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5768631.00   | 0.89%             | 2052-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN N Y LOC DEV CORP                                    | NY HMVDEV 4 02/01/2039                         | CUSIP: 424682KL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005109.40   | 0.16%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 4 07/01/2037                         | CUSIP: 267045PW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $178501.56    | 0.03%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM INTL ARPT AUTH                                                | GU GMSAPT 5.25 10/01/2036                      | CUSIP: 40064RFE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $756183.53    | 0.12%             | 2036-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLINTON CNTY N Y CAP RES CORP                                      | NY CLIDEV 5 07/01/2046                         | CUSIP: 187469AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $832893.44    | 0.13%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP                                          | NY NYCDEV 2.75 02/15/2044                      | CUSIP: 649519EN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8250000 | PA      | $6454785.15   | 1.00%             | 2044-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4.75 06/15/2053                      | CUSIP: 12008EUH7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    850000 | PA      | $769100.57    | 0.12%             | 2053-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCMFH 2.8 11/01/2060                       | CUSIP: 64972ETV1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1921789.80   | 0.30%             | 2060-11-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5 06/15/2057                         | CUSIP: 12008ETF3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1101147.06   | 0.17%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN N Y LOC DEV CORP                                    | NY HMVDEV 5.25 06/15/2052                      | CUSIP: 424685BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1943450.00   | 0.30%             | 2052-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TWY AUTH                                               | NY NYSTRN 4 01/01/2041                         | CUSIP: 650010CD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3035555.70   | 0.47%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4 06/15/2041                         | CUSIP: 12008ERR9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    525000 | PA      | $482521.20    | 0.07%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | NY NYCGEN 5 05/01/2040                         | CUSIP: 64972JAR9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2232769.80   | 0.35%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5 06/01/2064                         | CUSIP: 012432EB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2530446.36   | 0.39%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 4 07/01/2036                         | CUSIP: 267045PV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $179612.69    | 0.03%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5 08/01/2047                         | CUSIP: 12008EMZ6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971057.40    | 0.15%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCMFH 2.7 11/01/2055                       | CUSIP: 64972ETU3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $4664413.60   | 0.72%             | 2055-11-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BUFFALO & ERIE CNTY N Y                                            | NY BUFDEV 5 11/15/2037                         | CUSIP: 11943KCR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4470000 | PA      | $4475292.03   | 0.69%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLINTON CNTY N Y CAP RES CORP                                      | NY CLIDEV 4.75 07/01/2043                      | CUSIP: 187469AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041010.40   | 0.16%             | 2043-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | NY NYCGEN 4 08/01/2038                         | CUSIP: 64971XHQ4<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5074632.00   | 0.79%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5.5 07/01/2040                       | CUSIP: 64983XWC4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $7204770.00   | 1.12%             | 2040-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH                                 | NY NYCUTL 3 06/15/2044                         | CUSIP: 64972GZM9<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $847405.60    | 0.13%             | 2044-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4 06/15/2051                         | CUSIP: 12008ERS7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    975000 | PA      | $779291.57    | 0.12%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY N Y LOC DEV CORP                                  | NY WSTDEV 5 07/01/2056                         | CUSIP: 95737TEU6<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2024677.75   | 0.31%             | 2056-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                                | NY PORTRN 5 01/15/2047                         | CUSIP: 73358XHS4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3188693.70   | 0.49%             | 2047-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 5 07/01/2052                         | CUSIP: 267045QX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4580251.65   | 0.71%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS TOB TR VI                                           | NY NYSGEN 5 06/01/2045                         | CUSIP: 64945JAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $884574.80    | 0.14%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 02/15/2041                         | CUSIP: 64990FWR1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10401.03     | 0.00%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 4 07/01/2038                         | CUSIP: 267045PX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202696.24    | 0.03%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS TOB TR IV                                           | NY NYSGEN 5 06/01/2038                         | CUSIP: 62947YAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6905000 | PA      | $6482450.60   | 1.01%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP                                          | NY NYCDEV 2.8 09/15/2069                       | CUSIP: 649519DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5185288.35   | 0.80%             | 2069-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5 07/01/2042                         | CUSIP: 12008ESY3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    550000 | PA      | $560241.50    | 0.09%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | NY NYCGEN 5 05/01/2045                         | CUSIP: 64971X8F8<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4273257.60   | 0.66%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5 05/01/2029                         | CUSIP: 012432CJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1093056.80   | 0.17%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN N Y LOC DEV CORP                                    | NY HMVDEV 5 07/01/2042                         | CUSIP: 424682HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1222859.28   | 0.19%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HEALTH & HOSP CORP                               | NY NYCMED 4 02/15/2048                         | CUSIP: 649674LJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $836156.46    | 0.13%             | 2048-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4 11/01/2051                         | CUSIP: 12008ESH0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    700000 | PA      | $560576.03    | 0.09%             | 2051-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                | PR PRC 4 07/01/2041                            | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3105834.88   | 0.48%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCHSG 4.75 11/01/2054                      | CUSIP: 64972KEK7<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2772653.68   | 0.43%             | 2054-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                                | NY PORTRN 5.25 10/15/2051                      | CUSIP: 73358XQX3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1354966.75   | 0.21%             | 2051-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 5 01/01/2043                         | CUSIP: 682832ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $747945.90    | 0.12%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                      | NY MONDEV 5 07/01/2044                         | CUSIP: 61075TXU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1320468.34   | 0.20%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5.25 07/01/2062                      | CUSIP: 12008ETZ9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6292829.38   | 0.98%             | 2062-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2055                         | CUSIP: 64985SCU5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032885.20   | 0.16%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4.88 05/01/2031                      | CUSIP: 12008ENN2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    285000 | PA      | $289245.08    | 0.04%             | 2031-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2040                         | CUSIP: 65000BLL0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    900000 | PA      | $961991.64    | 0.15%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY N Y LOC DEV CORP                                  | NY WSTDEV 5 01/01/2032                         | CUSIP: 95737TFB7<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530652.40    | 0.08%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5 05/01/2030                         | CUSIP: 012432CK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1052877.84   | 0.16%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2051                         | CUSIP: 64990G4Y5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1528657.87   | 0.24%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG IS PWR AUTH N Y                                               | NY LSLPWR 5.25 09/01/2050                      | CUSIP: 542691LB4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1635395.25   | 0.25%             | 2050-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 4 07/01/2040                         | CUSIP: 267045PZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100285.82    | 0.02%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TWY AUTH                                               | NY NYSTRN 5 01/01/2051                         | CUSIP: 650010DW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053544.50   | 0.16%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5 07/01/2052                         | CUSIP: 12008ESZ0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1384395.20   | 0.21%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | NY NYTTRN 5.5 12/31/2060                       | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2308253.18   | 0.36%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)            | NY NYCGEN 5 05/01/2043                         | CUSIP: 64972JAU2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2353230.47   | 0.36%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVIRONMENTAL FACS CORP                                | NY NYSENV 09/01/2050                           | CUSIP: 649852AT7<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055812.20   | 0.16%             | 2050-09-01      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5.25 06/15/2043                      | CUSIP: 12008EUM6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    680000 | PA      | $696849.52    | 0.11%             | 2043-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TSASC INC N Y                                                      | NY TSA 5 06/01/2041                            | CUSIP: 898526FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8490000 | PA      | $8548540.25   | 1.33%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                                | NY PORTRN 5 11/01/2044                         | CUSIP: 73358W4S0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2848519.98   | 0.44%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP                                          | NY NYCDEV 3 09/15/2043                         | CUSIP: 649519EY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25290000 | PA      | $22120533.28  | 3.43%             | 2043-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5.5 12/01/2056                       | CUSIP: 12008EWQ5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    750000 | PA      | $796399.13    | 0.12%             | 2056-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5.75 06/01/2052                      | CUSIP: 12008ETK2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999615.00    | 0.16%             | 2052-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5.5 06/15/2053                       | CUSIP: 12008EUN4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004337.70   | 0.16%             | 2053-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON D C MET AREA TRAN AUTH                                  | WASHINGTON D C MET AREA TRAN AUTH (TOBs)       | CUSIP: 93878YDX4<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10503302.03  | 1.63%             | 2056-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 02/15/2039                         | CUSIP: 64990FWP5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5200.52      | 0.00%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AUTH N Y                               | NY UTLUTL 5 12/15/2040                         | CUSIP: 91802RGX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4614269.60   | 0.72%             | 2040-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CNTYS TOB TR VI                                           | NY NYSGEN 5 06/01/2041                         | CUSIP: 64945JAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250544.00    | 0.04%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SYRACUSE N Y REGL ARPT AUTH                                        | NY SRATRN 5 07/01/2033                         | CUSIP: 871740AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1634559.45   | 0.25%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP                                          | NY NYCDEV 3.12 09/15/2050                      | CUSIP: 649519EZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $2353063.19   | 0.36%             | 2050-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                | PR PRC 4 07/01/2037                            | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2755682.33   | 0.43%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEIDA CNTY N Y LOC DEV CORP                                       | NY ONEDEV 4 12/01/2046                         | CUSIP: 682440DH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3767060.80   | 0.58%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 5 07/01/2046                         | CUSIP: 682832JP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $453912.44    | 0.07%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCMFH 2.4 11/01/2050                       | CUSIP: 64972ESG5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3291006.00   | 0.51%             | 2050-11-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| COFINA CL 2 TR                                                     | PR PRCGEN 0 08/01/2047                         | CUSIP: 19237JAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1496871 | PA      | $496960.72    | 0.08%             | 2047-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORP                                     | NY NYCMFH 4.95 11/01/2058                      | CUSIP: 64972E4J5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016346.20   | 0.31%             | 2058-11-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                       | NY MTATRN 5 11/15/2044                         | CUSIP: 59261AZU4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10385972.00  | 1.61%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TROY N Y CAP RESOURCE CORP                                         | NY TRYGEN 5 09/01/2034                         | CUSIP: 897579BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2178087.00   | 0.34%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | NY NYTTRN 5.62 04/01/2040                      | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3105249.53   | 0.48%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5.5 05/01/2056                       | CUSIP: 65000B4Z8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1817381.13   | 0.28%             | 2056-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5 07/01/2051                         | CUSIP: 65000BJE9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351760.64    | 0.05%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 4 07/01/2034                         | CUSIP: 682832KC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308333.16    | 0.05%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                       | NY NYC 5.25 02/01/2053                         | CUSIP: 64966SMF0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    350000 | PA      | $371284.87    | 0.06%             | 2053-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                       | NY MTATRN 5 11/15/2049                         | CUSIP: 59260XCS5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052622.10   | 0.16%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                       | NY NYC 5 08/01/2047                            | CUSIP: 64966Q6N5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5558638.94   | 0.86%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP                                          | NY NYCDEV 3 11/15/2051                         | CUSIP: 649519DW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7120000 | PA      | $5266851.97   | 0.82%             | 2051-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIBERTY DEV CORP                                          | NY NYCDEV 5.15 11/15/2034                      | CUSIP: 649519DB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $515970.93    | 0.08%             | 2034-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                | NY NYTTRN 5 10/01/2035                         | CUSIP: 650116CY0<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | MUN               | US        |    750000 | PA      | $796074.30    | 0.12%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOMPKINS CNTY DEV CORP                                             | NY TOMFAC 5 07/01/2044                         | CUSIP: 890090AM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2571246.96   | 0.40%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 5 07/01/2051                         | CUSIP: 682832JQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $694960.14    | 0.11%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ENERGY FIN DEV CORP                                       | NY NYEFAC 07/01/2056                           | CUSIP: 64947PAA4<br>LEI: 254900PRGXZMJ912RI65 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1503269.88   | 0.23%             | 2056-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ST LAWRENCE CNTY N Y INDL DEV AGY                                  | NY SWLDEV 5 09/01/2041                         | CUSIP: 791078DM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200822.88    | 0.03%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GENESEE CNTY N Y FDG CORP                                          | NY GEFDEV 5.5 12/01/2055                       | CUSIP: 371669BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1567993.80   | 0.24%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSN DEV CORP                                           | NY NYTTRN 5.5 06/30/2060                       | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2811200.43   | 0.44%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                              | NY NYSHGR 5.25 05/01/2054                      | CUSIP: 65000B6M5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1561966.80   | 0.24%             | 2054-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY N Y LOC DEV CORP                                     | NY DUTDEV 5 07/01/2040                         | CUSIP: 267045NH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030555.50   | 0.16%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONEIDA CNTY N Y LOC DEV CORP                                       | NY ONEDEV 4 12/01/2035                         | CUSIP: 682440BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025769.90   | 0.16%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER TOBACCO ASSET SECURITIZATION CORP N Y                  | NY WCHGEN 5 06/01/2041                         | CUSIP: 957480BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1264076.88   | 0.20%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBANY N Y CAP RESOURCE CORP                                       | NY ALBRES 5 12/01/2030                         | CUSIP: 012432BS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250272.20    | 0.04%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA N Y CIVIC DEV CORP                                        | NY ONODEV 4 07/01/2036                         | CUSIP: 682832KD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $329922.87    | 0.05%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 4 07/01/2038                         | CUSIP: 12008EQK5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    290000 | PA      | $296544.98    | 0.05%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG & TUNL AUTH N Y                                    | NY TRBTRN 0 11/15/2032                         | CUSIP: 89602NA20<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3238949.22   | 0.50%             | 2032-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH                                 | NY NYCUTL 5.25 06/15/2053                      | CUSIP: 64972GK37<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10641236.00  | 1.65%             | 2053-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUFFALO & ERIE CNTY N Y                                            | NY BUFDEV 5 06/01/2035                         | CUSIP: 11943KCX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038296.60   | 0.32%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP N Y                                        | NY BUIGEN 5.5 07/01/2055                       | CUSIP: 12008QAG4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048383.10   | 0.16%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                       | NY MTATRN 4 11/15/2048                         | CUSIP: 59261A2H9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3757165.60   | 0.58%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HEMPSTEAD TOWN N Y LOC DEV CORP                                    | NY HMVDEV 5 07/01/2038                         | CUSIP: 424682JS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $888519.87    | 0.14%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-24

**Name of Applicant:** Putnam ETF Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

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