# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0000940400-26-002733
**Filing Date:** 2026-1
**Character Count:** 120556
**Document Hash:** 73e8d60303c8fbc5e72ee0a6451d8e38
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002733.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000940400-26-002733

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs ETF Trust
- **CENTRAL INDEX KEY:** 0001479026

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23013
- **FILM NUMBER:** 26565548

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** (312) 655-4400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198

## Series and Classes Contracts Data

### Goldman Sachs Access Municipal Bond ETF (Series ID: S000077734)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000238223 | Goldman Sachs Access Municipal Bond ETF | GMUN            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Goldman Sachs ETF Trust

- **b. Investment Company Act file number:** 811-23013

- **c. CIK number of Registrant:** 0001479026

- **d. LEI of Registrant:** 549300VEZF7K2ES5WL82

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

  - **Street Address 1:** 200 West Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10282

  - **Telephone number:** 312-655-4400

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

- **a. Name of Series:** Goldman Sachs Access Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000077734

- **c. LEI of Series:** 549300RQW73RLCSEMF53

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $10249038.16

**Total Liabilities:** $122748.02

**Net Assets:** $10126290.14

**Delayed Delivery Securities:** $95791.35

**Cash Not Reported:** $50546.88

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 203.91000000 | **5-Year:** 1381.83000000 | **10-Year:** 2809.97000000 | **30-Year:** 330.30000000

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

- **3-Month:** 0.00000000 | **1-Year:** 8.39000000 | **5-Year:** 1.10000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238223 | 1.56%                | 0.97%                | 0.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $822.90                  | $129006.44                                 |
| Month 2  | $-14.70                  | $70116.99                                  |
| Month 3  | $694.78                  | $-3062.80                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LONG BEACH CA BOND FIN AUTH NA                           | Long Beach Bond Finance Authority                                                | CUSIP: 54241AAZ6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |     35000 | PA      | $41675.95     | 0.41%             | 2037-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST                               | San Diego Unified School District/CA                                             | CUSIP: 797355Q31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $43141.75     | 0.43%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO                           | New York State Dormitory Authority                                               | CUSIP: 64990FXY5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33307.96     | 0.33%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON DC MET AREA TRANSIT                           | Washington Metropolitan Area Transit Authority Dedicated Revenue                 | CUSIP: 93878YDM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $76017.36     | 0.75%             | 2041-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                                 | Iowa Finance Authority                                                           | CUSIP: 46246K4B5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31198.18     | 0.31%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                           | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638TJX2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22774.12     | 0.22%             | 2051-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                              | State of Maryland                                                                | CUSIP: 574193RC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30958.13     | 0.31%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136XJ5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     20000 | PA      | $16612.67     | 0.16%             | 2031-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU                           | Alabama Public School and College Authority                                      | CUSIP: 010609FN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33090.44     | 0.33%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH PERSO                           | New York State Thruway Authority                                                 | CUSIP: 650028ZZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45713.03     | 0.45%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA BAY AREA RAPI                           | San Francisco Bay Area Rapid Transit District                                    | CUSIP: 797661WG6<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31354.97     | 0.31%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC                           | Virginia College Building Authority                                              | CUSIP: 92778WNB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30482.60     | 0.30%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                              | CUSIP: 13063DCD8<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40712.38     | 0.40%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL                            | Ohio Water Development Authority Water Pollution Control Loan Fund               | CUSIP: 67766WB27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46284.00     | 0.46%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                           | California Infrastructure & Economic Development Bank                            | CUSIP: 13034A4M9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     40000 | PA      | $47330.04     | 0.47%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                            | Metropolitan Transportation Authority                                            | CUSIP: 59261AK97<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     70000 | PA      | $68332.32     | 0.67%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLLIN CNTY TX CMNTY CLG DIST                            | Collin County Community College District                                         | CUSIP: 194741GS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35730.64     | 0.35%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                           | California Health Facilities Financing Authority                                 | CUSIP: 13033LS65<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50007.83     | 0.49%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST SCH BOND AUTH                               | Tennessee State School Bond Authority                                            | CUSIP: 880558KC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31348.88     | 0.31%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                              | North Dakota Housing Finance Agency                                              | CUSIP: 658909E44<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |     40000 | PA      | $33523.26     | 0.33%             | 2036-07-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST DEPT OF WTR RESO                           | State of California Department of Water Resources                                | CUSIP: 13067WNV0<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36899.53     | 0.36%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA REVENUES                              | University of California                                                         | CUSIP: 91412G3N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31141.86     | 0.31%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST LTD OBLIG                              | State of North Carolina                                                          | CUSIP: 65829QBE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50006.49     | 0.49%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL UTILITIES COMMISSIO                           | Orlando Utilities Commission                                                     | CUSIP: 686507HY3<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31263.46     | 0.31%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEDFORD OR HOSP FACS AUTH REVE                           | Medford Hospital Facilities Authority                                            | CUSIP: 584283GR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43408.31     | 0.43%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                              | CUSIP: 13063D2E7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     50000 | PA      | $58081.36     | 0.57%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON                            | Metropolitan Government of Nashville & Davidson County TN                        | CUSIP: 592112UZ7<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $39473.94     | 0.39%             | 2034-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUDSON YARDS INFRASTRUCTURE CO                           | Hudson Yards Infrastructure Corp                                                 | CUSIP: 44420RBR0<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |     20000 | PA      | $23008.22     | 0.23%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CA UNIF SCH DIST                             | Santa Clara Unified School District                                              | CUSIP: 801495Y63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30040.03     | 0.30%             | 2033-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                                                | City of Dallas TX                                                                | CUSIP: 235219PU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47144.06     | 0.47%             | 2036-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORSYTH MT POLL CONTROL REVENU                           | City of Forsyth MT                                                               | CUSIP: 346668DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50017.55     | 0.49%             | 2031-03-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI                           | Dallas Fort Worth International Airport                                          | CUSIP: 23503CBK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80399.92     | 0.79%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF UTAH UT REVENUES                                 | University of Utah/The                                                           | CUSIP: 915183Y84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33214.41     | 0.33%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136ER8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     25000 | PA      | $22820.94     | 0.23%             | 2028-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OMAHA NE PUBLIC PWR DIST ELEC                            | Omaha Public Power District                                                      | CUSIP: 682001NE8<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |     35000 | PA      | $38097.42     | 0.38%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                           | Los Angeles Department of Water & Power                                          | CUSIP: 544532NR1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45658.21     | 0.45%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Treasury Instruments Fund | Goldman Sachs Financial Square Treasury Instruments Fund                         | CUSIP: 38142B500<br>LEI: 549300DAH6N80PM31E83 | Long             | STIV             | RF                | US        |    122359 | NS      | $122359.13    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PITTSBURGH & ALLEGHENY CNTY PA                           | Sports & Exhibition Authority of Pittsburgh & Allegheny County                   | CUSIP: 724791BU1<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33067.87     | 0.33%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA U                           | San Francisco Unified School District                                            | CUSIP: 79771TLF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40001.60     | 0.40%             | 2035-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLEN CNTY OH HOSP FACS REVENU                           | County of Allen OH Hospital Facilities Revenue                                   | CUSIP: 01757LFT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41794.21     | 0.41%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                            | State of Washington                                                              | CUSIP: 93974DY93<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31204.80     | 0.31%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                            | State of Washington                                                              | CUSIP: 93974EYW0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45068.04     | 0.45%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST SCH BOND AUTH                               | Tennessee State School Bond Authority                                            | CUSIP: 880558JN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31168.93     | 0.31%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF                           | Pennsylvania Housing Finance Agency                                              | CUSIP: 7087965V5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40001.32     | 0.40%             | 2032-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| TEXAS ST A & M UNIV REVENUES                             | Texas A&M University                                                             | CUSIP: 88213AKX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31012.57     | 0.31%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XFP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31625.11     | 0.31%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA PORT AUTH                              | Port Authority of Allegheny County                                               | CUSIP: 017343DV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32207.12     | 0.32%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CA EVERGREEN CMNTY CL                           | San Jose Evergreen Community College District                                    | CUSIP: 798189FS0<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |     50000 | PA      | $43079.94     | 0.43%             | 2031-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                           | California Community Choice Financing Authority                                  | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30563.89     | 0.30%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH & ALLEGHENY CNTY PA                           | Sports & Exhibition Authority of Pittsburgh & Allegheny County                   | CUSIP: 724791BV9<br>LEI: 254900JJT7A9Y409G258 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22361.15     | 0.22%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST                                              | State of Delaware                                                                | CUSIP: 246381KT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     27000 | PA      | $28408.50     | 0.28%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York NY                                                              | CUSIP: 64966QPS3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33006.22     | 0.33%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136ES6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     20000 | PA      | $17757.39     | 0.18%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                         | Commonwealth of Massachusetts                                                    | CUSIP: 57582RVD5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     20000 | PA      | $23081.41     | 0.23%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461364A6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32025.15     | 0.32%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND RIVER OK DAM AUTH REVENU                           | Grand River Dam Authority                                                        | CUSIP: 386442VS3<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29998.99     | 0.30%             | 2034-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                              | State of Maryland                                                                | CUSIP: 574193TD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $38913.07     | 0.38%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI                                  | City & County of Honolulu HI                                                     | CUSIP: 438687BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31078.56     | 0.31%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                                | North Texas Tollway Authority                                                    | CUSIP: 66285WZX7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |     80000 | PA      | $74120.10     | 0.73%             | 2038-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MESA AZ UTILITY SYS REVENUE                              | City of Mesa AZ Utility System Revenue                                           | CUSIP: 590545N47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21531.28     | 0.21%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                            | Metropolitan Transportation Authority                                            | CUSIP: 59261AQG5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36620.99     | 0.36%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                              | CUSIP: 13063DTJ7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32972.58     | 0.33%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                                  | State of Ohio                                                                    | CUSIP: 677522UW2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31228.18     | 0.31%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136XM8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     30000 | PA      | $22148.98     | 0.22%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA PUBLIC FING AUTH LE                           | Anaheim Public Financing Authority                                               | CUSIP: 03255LBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $40755.51     | 0.40%             | 2032-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JEA FL WTR & SWR REVENUE                                 | JEA Water & Sewer System Revenue                                                 | CUSIP: 46613P3T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39894.62     | 0.39%             | 2036-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HURST-EULESS-BEDFORD TX INDEP                            | Hurst-Euless-Bedford Independent School District                                 | CUSIP: 447819EK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20786.65     | 0.21%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                                             | State of Minnesota                                                               | CUSIP: 60412APF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42641.70     | 0.42%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORSYTH CNTY GA SCH DIST                                 | Forsyth County School District                                                   | CUSIP: 346604KY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33033.00     | 0.33%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDLAND CNTY TX                                          | County of Midland TX                                                             | CUSIP: 597494HS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21409.90     | 0.21%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 452153KT5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56529.32     | 0.56%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSONC                           | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | CUSIP: 592041ZV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32874.08     | 0.32%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FXS8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56527.57     | 0.56%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T                           | Lower Colorado River Authority                                                   | CUSIP: 54811BK67<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43154.03     | 0.43%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT                           | California Educational Facilities Authority                                      | CUSIP: 130178M86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $106469.16    | 1.05%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                            | Black Belt Energy Gas District                                                   | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32532.23     | 0.32%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York NY                                                              | CUSIP: 64966KEZ2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     35000 | PA      | $33857.38     | 0.33%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CNTY CA                                      | County of Santa Clara CA                                                         | CUSIP: 801546NS7<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49881.37     | 0.49%             | 2035-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                           | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225DV5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50511.14     | 0.50%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                           | North Carolina Medical Care Commission                                           | CUSIP: 65821DSL6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50018.25     | 0.49%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES                           | New York State Dormitory Authority                                               | CUSIP: 64983UFR6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $47758.91     | 0.47%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                                         | District of Columbia                                                             | CUSIP: 25476FYE2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32228.14     | 0.32%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL TRANSIT SAL                           | County of Miami-Dade FL Transit System                                           | CUSIP: 59334PHL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $23171.45     | 0.23%             | 2038-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEP                           | State of Oregon Housing & Community Services Department                          | CUSIP: 686087VU8<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |     45000 | PA      | $44674.68     | 0.44%             | 2032-07-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN                           | M-S-R Energy Authority                                                           | CUSIP: 55374SAJ9<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |     40000 | PA      | $49259.39     | 0.49%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                           | California Health Facilities Financing Authority                                 | CUSIP: 13032UBJ6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30004.31     | 0.30%             | 2034-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                            | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HGD3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45350.73     | 0.45%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER                            | New York Convention Center Development Corp                                      | CUSIP: 649451DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30000.06     | 0.30%             | 2034-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                           | Massachusetts Development Finance Agency                                         | CUSIP: 57584XNY3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50520.74     | 0.50%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                                           | County of Harris TX                                                              | CUSIP: 414005N79<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22841.11     | 0.23%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                           | California Community Choice Financing Authority                                  | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43648.90     | 0.43%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                                             | State of Wisconsin                                                               | CUSIP: 97705MK46<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45586.05     | 0.45%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE                           | City of Houston TX Combined Utility System Revenue                               | CUSIP: 44244CSS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31939.76     | 0.32%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN                           | County of Harris TX Toll Road Revenue                                            | CUSIP: 41423PEN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $29024.77     | 0.29%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XVG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32883.25     | 0.32%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                                 | Iowa Finance Authority                                                           | CUSIP: 46246K4E9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31204.44     | 0.31%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PUGET SOUND WA REGL TRA                           | Central Puget Sound Regional Transit Authority                                   | CUSIP: 155048DV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33592.78     | 0.33%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                                | State of Hawaii                                                                  | CUSIP: 419792WQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31402.63     | 0.31%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WTR DEV BRD REVENUE                                | Texas Water Development Board                                                    | CUSIP: 88285ABU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45790.72     | 0.45%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA BRD OF RGTS UNIV ARIZO                           | Arizona Board of Regents                                                         | CUSIP: 040484NV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $48709.32     | 0.48%             | 2035-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNIF SCH DIST                             | Los Angeles Unified School District/CA                                           | CUSIP: 544647BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39841.15     | 0.39%             | 2034-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH                            | American Municipal Power Inc                                                     | CUSIP: 02765UPT5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32559.89     | 0.32%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648A4M4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30066.70     | 0.30%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE                           | District of Columbia Income Tax Revenue                                          | CUSIP: 25477GYF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $56841.54     | 0.56%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                             | Illinois Finance Authority                                                       | CUSIP: 45204FGV1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     20000 | PA      | $22732.02     | 0.22%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR                           | Southern California Public Power Authority                                       | CUSIP: 842469AK4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |     50000 | PA      | $57263.71     | 0.57%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CREEK CNTY OK EDUCTNL FACS AUT                           | Creek County Educational Facilities Authority                                    | CUSIP: 225472BQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87166.93     | 0.86%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST BLDG EXCELLENT SCH                           | State of Colorado                                                                | CUSIP: 19668QMA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40318.92     | 0.40%             | 2039-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA                           | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414009SL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55988.59     | 0.55%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XVZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32830.26     | 0.32%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHREVEPORT LA WTR & SWR REVENU                           | City of Shreveport LA Water & Sewer Revenue                                      | CUSIP: 825485WG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20373.08     | 0.20%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA PUBLIC WKS                           | Los Angeles County Public Works Financing Authority                              | CUSIP: 54473EWF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $34315.19     | 0.34%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                              | CUSIP: 13063DTE8<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33182.88     | 0.33%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                            | Metropolitan Transportation Authority                                            | CUSIP: 59261APJ0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $22911.11     | 0.23%             | 2033-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR SWR SYS REVENUE                              | City of Portland OR Sewer System Revenue                                         | CUSIP: 736742B48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20606.98     | 0.20%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA BRD OF RGTS UNIV ARIZO                           | Arizona Board of Regents                                                         | CUSIP: 040484NU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29423.22     | 0.29%             | 2034-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                           | State of Connecticut                                                             | CUSIP: 20772KVN6<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45299.47     | 0.45%             | 2038-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI                                  | City & County of Honolulu HI                                                     | CUSIP: 438687FC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31951.74     | 0.32%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT VERDE AZ FINANCIAL CORP S                           | Salt Verde Financial Corp                                                        | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32583.62     | 0.32%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XC30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45055.98     | 0.44%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                            | Metropolitan Transportation Authority                                            | CUSIP: 59261AQK6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $27244.07     | 0.27%             | 2036-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE                           | City of San Antonio TX Electric & Gas Systems Revenue                            | CUSIP: 79625GKU6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     80000 | PA      | $88704.58     | 0.88%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                                                | City of Austin TX                                                                | CUSIP: 052397ZR0<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32589.98     | 0.32%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA                           | Harris County Cultural Education Facilities Finance Corp                         | CUSIP: 414009MJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31318.27     | 0.31%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU                           | Florida Housing Finance Corp                                                     | CUSIP: 34074MWP2<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |     30000 | PA      | $24198.44     | 0.24%             | 2036-07-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XC55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27816.11     | 0.27%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                         | Commonwealth of Massachusetts                                                    | CUSIP: 57582RFL5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49894.71     | 0.49%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST PUBLIC FIN AUT                           | North Dakota Public Finance Authority                                            | CUSIP: 65887PXE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $34119.57     | 0.34%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA MET TRANSP                           | Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue       | CUSIP: 54466HLP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42989.23     | 0.42%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL                            | Ohio Water Development Authority Water Pollution Control Loan Fund               | CUSIP: 67766WA85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33411.73     | 0.33%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST                                               | State of Georgia                                                                 | CUSIP: 3733842E5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35039.21     | 0.35%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                                         | District of Columbia                                                             | CUSIP: 25476FD88<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     40000 | PA      | $46153.22     | 0.46%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                                           | County of Harris TX                                                              | CUSIP: 414005N38<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31190.19     | 0.31%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST                                   | Clark County School District                                                     | CUSIP: 181059YG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31056.67     | 0.31%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F                           | New Jersey Health Care Facilities Financing Authority                            | CUSIP: 645790MS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32246.34     | 0.32%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L                           | Central Florida Expressway Authority                                             | CUSIP: 153476DB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $77556.35     | 0.77%             | 2039-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XK49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22367.05     | 0.22%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN                           | M-S-R Energy Authority                                                           | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |     40000 | PA      | $49259.39     | 0.49%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York NY                                                              | CUSIP: 64966MRY7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31134.65     | 0.31%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C                           | Kentucky State Property & Building Commission                                    | CUSIP: 49151F4X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $34891.61     | 0.34%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO                           | New York State Dormitory Authority                                               | CUSIP: 64990FYB4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51700.55     | 0.51%             | 2034-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP                            | New York City Housing Development Corp                                           | CUSIP: 64972CT86<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29324.92     | 0.29%             | 2037-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WILLIAM S HART CA UNION HIGH S                           | William S Hart Union High School District                                        | CUSIP: 969275PS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $26937.72     | 0.27%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                           | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HDM2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27006.77     | 0.27%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTGE AGY HOMEOWNER                           | State of New York Mortgage Agency Homeowner Mortgage Revenue                     | CUSIP: 64988YEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $50991.56     | 0.50%             | 2035-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                              | CUSIP: 13063DSC3<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32200.75     | 0.32%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF HOUSTON TX UNIV REVENU                           | University of Houston                                                            | CUSIP: 914302JZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22272.96     | 0.22%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY DEDICATE                           | Metropolitan Transportation Authority Dedicated Tax Fund                         | CUSIP: 59259N7F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24631.43     | 0.24%             | 2033-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                           | Los Angeles Department of Water & Power Water System Revenue                     | CUSIP: 544525WB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30663.93     | 0.30%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FL TRANSIT REVENU                           | City of Jacksonville FL                                                          | CUSIP: 469495DL6<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30002.41     | 0.30%             | 2031-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MD SUBURBAN SAN DIS                           | Washington Suburban Sanitary Commission                                          | CUSIP: 9401574Y3<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33303.11     | 0.33%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR                            | Los Angeles Department of Water & Power                                          | CUSIP: 5444955W0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31475.87     | 0.31%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136WQ0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     40000 | PA      | $30738.67     | 0.30%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HUDSON YARDS INFRASTRUCTURE CO                           | Hudson Yards Infrastructure Corp                                                 | CUSIP: 44420RBZ2<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30911.94     | 0.31%             | 2038-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX REGL MOBILITY AU                           | North East Texas Regional Mobility Authority                                     | CUSIP: 659231BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26782.26     | 0.26%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARMEL IN REDEV AUTH                                     | Carmel Redevelopment Authority                                                   | CUSIP: 143293CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $59609.39     | 0.59%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS CO JT S                           | Adams & Arapahoe Counties Joint School District 28J Aurora                       | CUSIP: 0054824Q4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $35507.48     | 0.35%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO                           | New York State Dormitory Authority                                               | CUSIP: 64990FYA6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33030.38     | 0.33%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                              | State of Maryland                                                                | CUSIP: 574193TB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31947.45     | 0.32%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF UTAH UT REVENUES                                 | University of Utah/The                                                           | CUSIP: 915183YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31119.58     | 0.31%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WYLIE TX INDEP SCH DIST COLLIN                           | Wylie Independent School District/Collin County                                  | CUSIP: 98306EBS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33972.34     | 0.34%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE                            | Ohio Housing Finance Agency                                                      | CUSIP: 67756QT49<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |     30000 | PA      | $27049.21     | 0.27%             | 2033-03-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL WTR & SWR R                           | County of Miami-Dade FL Water & Sewer System Revenue                             | CUSIP: 59334DKL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30341.32     | 0.30%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                           | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60637AXA5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |     40000 | PA      | $46770.91     | 0.46%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES                           | New York State Dormitory Authority                                               | CUSIP: 64990CWV9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31274.49     | 0.31%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD                                     | Texas Water Development Board                                                    | CUSIP: 8828547R7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28619.20     | 0.28%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES                           | Board of Regents of the University of Texas System                               | CUSIP: 91514AJL0<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32425.88     | 0.32%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TN LIGHT GAS & WTR DIV                           | City of Memphis TN Memphis Light Gas & Water Division Electric System Revenue    | CUSIP: 586187AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27881.15     | 0.28%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN                           | Massachusetts Bay Transportation Authority Sales Tax Revenue                     | CUSIP: 575579QF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $47918.03     | 0.47%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                           | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712DKG0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     45000 | PA      | $44685.21     | 0.44%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                               | City of Chicago IL                                                               | CUSIP: 167486D97<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40152.18     | 0.40%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN                            | New York City Municipal Water Finance Authority                                  | CUSIP: 64972GG65<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     40000 | PA      | $47364.94     | 0.47%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKELAND FL ENERGY SYS REVENUE                           | City of Lakeland FL Department of Electric Utilities                             | CUSIP: 51166FDY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39573.02     | 0.39%             | 2027-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN AUTH IL                                   | Regional Transportation Authority                                                | CUSIP: 759911ZU7<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32503.79     | 0.32%             | 2029-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ECTOR CNTY TX                                            | County of Ector TX                                                               | CUSIP: 279245KM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33618.65     | 0.33%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                           | Los Angeles Department of Water & Power                                          | CUSIP: 544532KD5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     50000 | PA      | $57072.76     | 0.56%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                              | CUSIP: 13063DM47<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21474.62     | 0.21%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT SMITH AR WTR & SWR REVENU                           | City of Fort Smith AR Water & Sewer Revenue                                      | CUSIP: 348815PG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31675.47     | 0.31%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN BERNARDINO CA CMNTY CLG DI                           | San Bernardino Community College District                                        | CUSIP: 796720GY0<br>LEI: 549300Y4FPTEP3EQZ007 | Long             | DBT              | MUN               | US        |     50000 | PA      | $41556.27     | 0.41%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 452153FA2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $55174.44     | 0.54%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                              | Indiana Finance Authority                                                        | CUSIP: 45506EKX0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     50000 | PA      | $56724.61     | 0.56%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                             | City of New Haven CT                                                             | CUSIP: 645021EK8<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |     25000 | PA      | $29004.97     | 0.29%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES                           | University of California                                                         | CUSIP: 91412HRR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $47147.98     | 0.47%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE                           | District of Columbia Income Tax Revenue                                          | CUSIP: 25477GPA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32616.18     | 0.32%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HURST-EULESS-BEDFORD TX INDEP                            | Hurst-Euless-Bedford Independent School District                                 | CUSIP: 447819EL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20813.69     | 0.21%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS & WASHINGTON CNTYS O                           | Clackamas & Washington Counties School District No 3                             | CUSIP: 178882MU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $34823.94     | 0.34%             | 2035-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR                           | New York State Environmental Facilities Corp                                     | CUSIP: 64986DFH3<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20750.25     | 0.20%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                               | City of Chicago IL                                                               | CUSIP: 167486D89<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40367.91     | 0.40%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 4521526W6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41103.50     | 0.41%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                                          | County of Fairfax VA                                                             | CUSIP: 30382AMP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32380.10     | 0.32%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST                           | Trinity River Authority Central Regional Wastewater System Revenue               | CUSIP: 89658HWD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31695.89     | 0.31%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI                                  | City & County of Honolulu HI                                                     | CUSIP: 438687TZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32304.26     | 0.32%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136EQ0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     40000 | PA      | $37653.65     | 0.37%             | 2027-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CNTY CA FING AUTH                            | Santa Clara County Financing Authority                                           | CUSIP: 801577LB1<br>LEI: 549300A73O1Q5POHAT69 | Long             | DBT              | MUN               | US        |     50000 | PA      | $48952.08     | 0.48%             | 2035-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALLEN CNTY IN BLDG CORP LEASE                            | Allen County Building Corp                                                       | CUSIP: 01752EBC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $87105.04     | 0.86%             | 2041-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                           | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32220.79     | 0.32%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPE CORAL FL WTR & SWR REVENU                           | City of Cape Coral FL Water & Sewer Revenue                                      | CUSIP: 139372RE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20722.68     | 0.20%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI                           | Permanent University Fund - University of Texas System                           | CUSIP: 915130AT5<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33792.10     | 0.33%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                            | State of Washington                                                              | CUSIP: 93974D3X4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31853.95     | 0.31%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST WTR RESOURCES                           | Massachusetts Water Resources Authority                                          | CUSIP: 576051K96<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |     40000 | PA      | $47403.50     | 0.47%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                           | Louisiana Public Facilities Authority                                            | CUSIP: 546399DU7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     40000 | PA      | $38996.83     | 0.39%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64972JLY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44649.91     | 0.44%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST BOND BANK REVENUE                             | Indiana Bond Bank                                                                | CUSIP: 454624VX2<br>LEI: 549300TZMGETS4ELEI93 | Long             | DBT              | MUN               | US        |     30000 | PA      | $25624.24     | 0.25%             | 2031-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XB72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32100.80     | 0.32%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                              | State of Maryland                                                                | CUSIP: 574193TF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33173.55     | 0.33%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF WASHINGTON WA UNIV REV                           | University of Washington                                                         | CUSIP: 91523NPN0<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50033.68     | 0.49%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU                           | Alabama Public School and College Authority                                      | CUSIP: 010609FQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25786.06     | 0.25%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA                                          | County of Fairfax VA                                                             | CUSIP: 30382AMS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53351.83     | 0.53%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E                           | State of Florida                                                                 | CUSIP: 34153QRJ7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32558.96     | 0.32%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD                                       | County of Montgomery MD                                                          | CUSIP: 61334PCC5<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31735.34     | 0.31%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA MET TRANSP                           | Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue       | CUSIP: 54466HLJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32994.80     | 0.33%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XVR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33056.21     | 0.33%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                         | Commonwealth of Massachusetts                                                    | CUSIP: 57582RXN1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     55000 | PA      | $59585.19     | 0.59%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES                           | New York State Dormitory Authority                                               | CUSIP: 64985SGK3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29927.08     | 0.30%             | 2027-07-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                            | Sales Tax Securitization Corp                                                    | CUSIP: 79467BEP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19974.46     | 0.20%             | 2027-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                              | CUSIP: 13063D2D9<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45749.22     | 0.45%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S                           | North Texas Municipal Water District Water System Revenue                        | CUSIP: 662903C68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31688.02     | 0.31%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES                           | University of California                                                         | CUSIP: 91412HLQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43845.11     | 0.43%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REEDY CREEK FL IMPT DIST                                 | Central Florida Tourism Oversight District                                       | CUSIP: 758449RJ3<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20669.11     | 0.20%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TAMPA BAY WTR FL UTILITY SYS R                           | Tampa Bay Water                                                                  | CUSIP: 875128FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33292.59     | 0.33%             | 2029-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                            | State of Washington                                                              | CUSIP: 93974ELH7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54971.65     | 0.54%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST TRANSIT AUTH SALES TAX                           | Utah Transit Authority                                                           | CUSIP: 917565EU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $33733.68     | 0.33%             | 2032-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IOWA ST BRD REGENTS HOSP REVEN                           | State of Iowa Board of Regents                                                   | CUSIP: 46256QNV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31858.98     | 0.31%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FPM0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31921.49     | 0.32%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA GEN PURPOSE HOS                           | County of Lehigh PA                                                              | CUSIP: 52480GCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $29984.32     | 0.30%             | 2032-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York NY                                                              | CUSIP: 64966QPW4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32702.14     | 0.32%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES                           | New York State Dormitory Authority                                               | CUSIP: 64990CWZ0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31280.79     | 0.31%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES                           | University of California                                                         | CUSIP: 91412HLS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28641.09     | 0.28%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                          | City of Philadelphia PA                                                          | CUSIP: 717813YV5<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |     40000 | PA      | $44330.30     | 0.44%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                            | Black Belt Energy Gas District                                                   | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32498.24     | 0.32%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU                           | Alabama Public School and College Authority                                      | CUSIP: 010609FP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32884.03     | 0.32%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                           | California Infrastructure & Economic Development Bank                            | CUSIP: 13034AZ52<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32417.91     | 0.32%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST PUBLIC FACS AUTH                            | Minnesota Public Facilities Authority State Revolving Fund                       | CUSIP: 604115DL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $58092.02     | 0.57%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S                           | Long Island Power Authority                                                      | CUSIP: 542690UY6<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32393.07     | 0.32%             | 2029-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                            | Metropolitan Transportation Authority                                            | CUSIP: 59261AJ57<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32539.12     | 0.32%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST                                   | Clark County School District                                                     | CUSIP: 181059YJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31397.65     | 0.31%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                           | California Infrastructure & Economic Development Bank                            | CUSIP: 13034A4K3<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |     30000 | PA      | $35923.55     | 0.35%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH SWR REVENUE                                  | City of Columbus OH Sewerage Revenue                                             | CUSIP: 199561GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30335.69     | 0.30%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 4521526Y2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20305.79     | 0.20%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York NY                                                              | CUSIP: 64966SBE5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     40000 | PA      | $46156.12     | 0.46%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                         | Commonwealth of Massachusetts                                                    | CUSIP: 57582R7L4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     40000 | PA      | $46444.99     | 0.46%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SCH DIST #210 FED                           | King County School District No 210 Federal Way                                   | CUSIP: 494890E44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $37301.52     | 0.37%             | 2037-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E                           | State of Florida                                                                 | CUSIP: 34153QWD4<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31843.69     | 0.31%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                            | State of California                                                              | CUSIP: 13063DSD1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32144.11     | 0.32%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES                           | University of California                                                         | CUSIP: 91412HRN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $59435.69     | 0.59%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                            | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HFH5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32928.88     | 0.33%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAKE CNTY NC LIMITED OBLIG                               | County of Wake NC                                                                | CUSIP: 930876FG7<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31631.89     | 0.31%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                            | State of Washington                                                              | CUSIP: 93974D3Z9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26453.28     | 0.26%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA                                      | Commonwealth Financing Authority                                                 | CUSIP: 20281PJP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30151.59     | 0.30%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEN TX INDEP SCH DIST                                  | Allen Independent School District                                                | CUSIP: 018106ZS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44330.74     | 0.44%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC                           | Virginia College Building Authority                                              | CUSIP: 92778VFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31547.58     | 0.31%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SCH BRD COP                           | School Board of Miami-Dade County/The                                            | CUSIP: 59333MU45<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |     35000 | PA      | $35072.59     | 0.35%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA BAY AREA RAPI                           | San Francisco Bay Area Rapid Transit District                                    | CUSIP: 797661WN1<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25409.62     | 0.25%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH RENTA                           | Michigan State Housing Development Authority                                     | CUSIP: 59465M6J9<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |     35000 | PA      | $32539.27     | 0.32%             | 2034-10-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                           | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26169.51     | 0.26%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO                           | New York State Dormitory Authority                                               | CUSIP: 64990FXZ2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $33145.16     | 0.33%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER                            | New York Convention Center Development Corp                                      | CUSIP: 649451CY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30036.33     | 0.30%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT                           | New Jersey Educational Facilities Authority                                      | CUSIP: 646067HG6<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45144.23     | 0.45%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                                         | District of Columbia                                                             | CUSIP: 25476FVD7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40619.97     | 0.40%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK KANE LAKE & MCHENRY CNTYS                           | Cook Kane Lake & McHenry Counties Community College District No 512              | CUSIP: 216181GT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41356.28     | 0.41%             | 2029-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST                           | Trinity River Authority Central Regional Wastewater System Revenue               | CUSIP: 89658HVE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31164.48     | 0.31%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                           | State of Connecticut                                                             | CUSIP: 20772KEA3<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31809.04     | 0.31%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Building Aid Revenue                | CUSIP: 64972H6X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $44429.89     | 0.44%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARIN CA HLTHCARE DIST                                   | Marin Healthcare District                                                        | CUSIP: 56782TBH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $28887.86     | 0.29%             | 2037-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE                            | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227VN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42904.32     | 0.42%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA                           | New York State Dormitory Authority                                               | CUSIP: 64990AHH1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31599.65     | 0.31%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WTR DIST OF STHRN CA WTRWK                           | Metropolitan Water District of Southern California                               | CUSIP: 59266TSA0<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31690.83     | 0.31%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                            | Metropolitan Transportation Authority                                            | CUSIP: 59261AJ81<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32776.06     | 0.32%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

**Name of Applicant:** Goldman Sachs ETF Trust

**Signature:** Allison Frachiolla

**Name of Signer:** Allison Frachiolla

**Title:** Vice President Assistant Treasurer