# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0000940400-26-002649
**Filing Date:** 2026-1
**Character Count:** 154412
**Document Hash:** 48c2b8c34781b9e835f5573e162f6c5b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002649.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0000940400-26-002649

**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:** 26565108

**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 Municipal Income ETF (Series ID: S000085814)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000251209 | Goldman Sachs Municipal Income ETF | GMUB            |

## 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 Municipal Income ETF

- **b. EDGAR series identifier (if any):** S000085814

- **c. LEI of Series:** 9845006FLE6FC66A9003

**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:** $125785350.32

**Total Liabilities:** $3022867.14

**Net Assets:** $122762483.18

**Delayed Delivery Securities:** $2274214.27

**Cash Not Reported:** $612988.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 58.56000000 | **1-Year:** 2618.07000000 | **5-Year:** 10566.52000000 | **10-Year:** 29190.82000000 | **30-Year:** 10615.13000000

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

- **3-Month:** 37.45000000 | **1-Year:** 455.82000000 | **5-Year:** 1484.90000000 | **10-Year:** 5114.92000000 | **30-Year:** 2711.35000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251209 | 1.75%                | 0.96%                | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $243.75                  | $1365074.43                                |
| Month 2  | $0.00                    | $689102.17                                 |
| Month 3  | $0.00                    | $97241.56                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TULSA OK MUNI ARPT TRUST TRUST                           | Tulsa Municipal Airport Trust Trustees/OK                                        | CUSIP: 899661EK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100070.50    | 0.08%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XHT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $260000.00    | 0.21%             | 2042-08-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN DIST CO SALES T                           | Regional Transportation District Sales Tax Revenue                               | CUSIP: 759136TJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $382585.14    | 0.31%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL CENTRO CA ELEM SCH DIST                               | El Centro Elementary School District                                             | CUSIP: 28282PEC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $556433.30    | 0.45%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                           | Los Angeles Department of Water & Power                                          | CUSIP: 544532JY1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    555000 | PA      | $586355.95    | 0.48%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                             | Illinois Finance Authority                                                       | CUSIP: 45204FQ57<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    250000 | PA      | $276856.18    | 0.23%             | 2054-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT                           | California Statewide Communities Development Authority                           | CUSIP: 13080SWF7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    840000 | PA      | $771342.10    | 0.63%             | 2038-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    901000 | PA      | $307238.93    | 0.25%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH E                           | Kansas City Industrial Development Authority                                     | CUSIP: 48502MAB9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    100000 | PA      | $94853.70     | 0.08%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                           | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224P52<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517989.65    | 0.42%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERA                           | Oklahoma Housing Finance Agency                                                  | CUSIP: 67886UAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500143.75    | 0.41%             | 2044-07-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SPL REVENUE                            | City of Cleveland OH                                                             | CUSIP: 186347AC4<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    280000 | PA      | $280388.33    | 0.23%             | 2027-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDUCTNL FAC AU                           | Volusia County Educational Facility Authority                                    | CUSIP: 928836PJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218654.68    | 0.18%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                           | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CUH3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    115000 | PA      | $98465.97     | 0.08%             | 2036-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL CMNTY CONSOL SCHD                           | Cook County Community Consolidated School District No 65 Evanston                | CUSIP: 213687QY5<br>LEI: 549300H6EG18CC8TGB88 | Long             | DBT              | MUN               | US        |    400000 | PA      | $455559.08    | 0.37%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE RI PUBLIC BLDGS AUT                           | Providence Public Building Authority                                             | CUSIP: 74381MDK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109086.43    | 0.09%             | 2042-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE                           | County of Miami-Dade FL Aviation Revenue                                         | CUSIP: 59333PR75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150206.39    | 0.12%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                            | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250FK5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    350000 | PA      | $355917.49    | 0.29%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNLF                           | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DZL9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.08%             | 2049-07-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS                           | Ohio Higher Educational Facility Commission                                      | CUSIP: 67756DS31<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    150000 | PA      | $161327.73    | 0.13%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FPF5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158594.57    | 0.13%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL SALES TAX REV                           | County of Seminole FL Sales Tax Revenue                                          | CUSIP: 816691EV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117610.67    | 0.10%             | 2026-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                            | Metropolitan Transportation Authority                                            | CUSIP: 59261A2H9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $91806.86     | 0.07%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA RITA CA UNION SCH DIST S                           | Santa Rita Union Elementary School District Sch Facs Improvement Dist No 2022-1  | CUSIP: 802561AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $433399.50    | 0.35%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                           | Kentucky Public Energy Authority                                                 | CUSIP: 74440DCZ5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501132.00    | 0.41%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                           | California Community Choice Financing Authority                                  | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131321.86    | 0.11%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FIRCREST PROPERTIES                                      | Fircrest Properties                                                              | CUSIP: 318094AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113707.65    | 0.09%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 6461367Z8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103606.03    | 0.08%             | 2035-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERA                           | Oklahoma Housing Finance Agency                                                  | CUSIP: 67886UAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301340.88    | 0.25%             | 2028-07-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| CRANDALL TX ECON DEV CORP SALE                           | Crandall Economic Development Corp                                               | CUSIP: 224364AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $290905.53    | 0.24%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95295.59     | 0.08%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                           | New York Liberty Development Corp                                                | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000003.70   | 0.81%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA NY CIVIC DEV CORP                               | Onondaga Civic Development Corp                                                  | CUSIP: 682832KV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $173099.70    | 0.14%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                           | Clifton Higher Education Finance Corp                                            | CUSIP: 187145WG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218859.10    | 0.18%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABERDEEN FL CDD SPL ASSMNT                               | Aberdeen Community Development District                                          | CUSIP: 00301PAU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $251644.56    | 0.20%             | 2036-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL HLTH CAR                           | Capital Trust Authority                                                          | CUSIP: 14055GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $820598.25    | 0.67%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT                           | Indiana Housing & Community Development Authority                                | CUSIP: 45506CBU0<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    375000 | PA      | $375672.90    | 0.31%             | 2043-02-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HGR EDU & H                           | Montgomery County Higher Education and Health Authority                          | CUSIP: 613603UY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350035.49    | 0.29%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU                           | New Jersey Turnpike Authority                                                    | CUSIP: 646140JA2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    200000 | PA      | $217370.78    | 0.18%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                           | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64971.52     | 0.05%             | 2039-08-15      | 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        |   1449790 | NS      | $1449789.91   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                             | Illinois Finance Authority                                                       | CUSIP: 45204FJ71<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    440000 | PA      | $461121.94    | 0.38%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALEM VA ECON DEV AUTH EDUCTNL                           | Salem Economic Development Authority                                             | CUSIP: 794565BJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204766.72    | 0.17%             | 2045-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CYPRESS CREEK RESERVE CDD FL S                           | Cypress Creek Reserve Community Development District                             | CUSIP: 23274FAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155467.19    | 0.13%             | 2035-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                       | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110158.65    | 0.09%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE                           | Delaware State Economic Development Authority                                    | CUSIP: 246387SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257931.18    | 0.21%             | 2031-01-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                           | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260787.93    | 0.21%             | 2055-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97496.58     | 0.08%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KARNES CNTY TX HOSP DIST HOSP                            | Karnes County Hospital District                                                  | CUSIP: 485722AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130671.91    | 0.11%             | 2044-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 452153KA6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    135000 | PA      | $143937.27    | 0.12%             | 2043-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I                           | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528VEC9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109114.36    | 0.09%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JAMES PARISH LA REVENUE                            | Parish of St James LA                                                            | CUSIP: 790103AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505491.60    | 0.41%             | 2041-08-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| SEATTLE WA MUNI LIGHT & PWR RE                           | City of Seattle WA Municipal Light & Power Revenue                               | CUSIP: 812643E42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $541215.50    | 0.44%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FL HLTH FACS AUTH                           | Alachua County Health Facilities Authority                                       | CUSIP: 010684BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $736113.45    | 0.60%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SINTON TX INDEP SCH DIST                                 | Sinton Independent School District                                               | CUSIP: 829353JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504138.25    | 0.41%             | 2049-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                           | Health & Educational Facilities Authority of the State of Missouri               | CUSIP: 60637AYJ5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    550000 | PA      | $594240.13    | 0.48%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU                           | Montgomery County Industrial Development Authority/PA                            | CUSIP: 61361TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $660616.06    | 0.54%             | 2029-06-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ALASKA ST INDL DEV & EXPORT AU                           | Alaska Industrial Development & Export Authority                                 | CUSIP: 011908EB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499680.20    | 0.41%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOBILE AL INDL DEV BRD POLL CO                           | Industrial Development Board of the City of Mobile Alabama                       | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504767.50    | 0.41%             | 2034-06-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY TX HOSP DIST                                | El Paso County Hospital District                                                 | CUSIP: 283590HZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $446415.77    | 0.36%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEP                           | State of Oregon Housing & Community Services Department                          | CUSIP: 68608ABZ2<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999511.80    | 0.81%             | 2059-12-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR                           | Southern California Public Power Authority                                       | CUSIP: 842469DL9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    500000 | PA      | $528572.50    | 0.43%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CAD0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    150000 | PA      | $146994.83    | 0.12%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH BROWARD FL HOSP DIST                               | South Broward Hospital District                                                  | CUSIP: 836753LS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100905.97    | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH POLLUTION                           | New Hampshire Business Finance Authority                                         | CUSIP: 63609YAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011438.10   | 0.82%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GARLAND TX WTR & SWR REVENUE                             | City of Garland TX Water & Sewer System Revenue                                  | CUSIP: 366168TX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269085.25    | 0.22%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1                            | Matagorda County Navigation District No 1                                        | CUSIP: 576528DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259961.15    | 0.21%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T                           | Territory of Guam                                                                | CUSIP: 40065NCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518535.45    | 0.42%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAPIDES PARISH LA SCH DIST #52                           | Rapides Parish School District No 52 Pineville                                   | CUSIP: 753585FC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $275516.34    | 0.22%             | 2038-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                           | New York Transportation Development Corp                                         | CUSIP: 650116JG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546302.90    | 0.45%             | 2044-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                              | City of Houston TX Airport System Revenue                                        | CUSIP: 442349JL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1121124.60   | 0.91%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COPPER RIM INFRASTRUCTURE FING                           | Copper Rim Infrastructure Financing District                                     | CUSIP: 217562AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103258.84    | 0.08%             | 2054-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| OHIO CNTY WV CNTY COMMISSION S                           | County of Ohio WV Special District Excise Tax Revenue                            | CUSIP: 67732PEZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534937.55    | 0.44%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE                           | County of Miami-Dade FL Aviation Revenue                                         | CUSIP: 59333PZ92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506105.95    | 0.41%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILL CNTY IL FOREST PRESERVE D                           | Will County Forest Preserve District                                             | CUSIP: 968661JM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108497.78    | 0.09%             | 2041-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                           | New York Transportation Development Corp                                         | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $177612.31    | 0.14%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKLYN ARENA NY LOCAL DEV CO                           | Brooklyn Arena Local Development Corp                                            | CUSIP: 113807BF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201792.70    | 0.16%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTVIEW SOUTH CDD FL SPL ASSM                           | Westview South Community Development District                                    | CUSIP: 961566AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85234.32     | 0.07%             | 2030-05-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST UNIV REVENUE                                  | Alabama State University                                                         | CUSIP: 010632QK6<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $568671.25    | 0.46%             | 2038-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST PUBLIC FACS AUTH                            | Louisiana Public Facilities Authority                                            | CUSIP: 546395W34<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $551220.95    | 0.45%             | 2052-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST HSG FIN & DE                           | South Carolina State Housing Finance & Development Authority                     | CUSIP: 83712EHZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600473.16    | 0.49%             | 2043-11-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| GUNTER TX SPL ASSMNT REVENUE                             | City of Gunter TX                                                                | CUSIP: 40314PAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101025.52    | 0.08%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    723000 | PA      | $640819.99    | 0.52%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| S E ALABAMA ST GAS SPLY DIST G                           | Southeast Alabama Gas Supply District/The                                        | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |    125000 | PA      | $134148.34    | 0.11%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                    | Chicago Board of Education                                                       | CUSIP: 167501VH5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |     90000 | PA      | $74337.33     | 0.06%             | 2030-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GARDEN CITY KS SALES TAX SPL O                           | City of Garden City KS                                                           | CUSIP: 36508AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198253.30    | 0.16%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ INDL DEV AUTH                                | Glendale Industrial Development Authority                                        | CUSIP: 378286LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069578.70   | 0.87%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUSKOGEE CNTY OK PUBLIC SAFETY                           | Muskogee County Public Safety Authority                                          | CUSIP: 628124AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505460.80    | 0.41%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROSSINGS CDD FL SPL ASSMNT                              | Crossings Community Development District                                         | CUSIP: 22766NAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $96055.03     | 0.08%             | 2044-05-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| INLIVIAN NC MF REVENUE                                   | Inlivian                                                                         | CUSIP: 45753CAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503420.50    | 0.41%             | 2043-11-10      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO SAN SWR SYSTEM                            | City of Kansas City MO Sanitary Sewer System Revenue                             | CUSIP: 48507TKB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $751183.90    | 0.61%             | 2036-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LA FERIA TX INDEP SCH DIST                               | La Feria Independent School District/TX                                          | CUSIP: 503012QG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $422204.28    | 0.34%             | 2045-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE                                     | State of Ohio                                                                    | CUSIP: 67756CEF1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $77817.74     | 0.06%             | 2045-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                           | Main Street Natural Gas Inc                                                      | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    155000 | PA      | $168802.91    | 0.14%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                            | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602N7D0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    175000 | PA      | $177093.86    | 0.14%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                            | County of Jefferson AL Sewer Revenue                                             | CUSIP: 472682ZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107711.78    | 0.09%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WILDBLUE CDD FL SPL ASSMNT                               | Wildblue Community Development District                                          | CUSIP: 96809YAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $466733.62    | 0.38%             | 2039-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV                           | Ohio Housing Finance Agency                                                      | CUSIP: 676900XP3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201816.32    | 0.16%             | 2047-11-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR                           | Puerto Rico Electric Power Authority                                             | CUSIP: 74526QLY6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    200000 | PA      | $193482.16    | 0.16%             | 2029-07-01      | Variable      | 3.36%                 | No            |                  2 | On Loan: No      |
| NUECES RIVER TX AUTH WTR SPLY                            | Nueces River Authority                                                           | CUSIP: 670500EY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100159.26    | 0.08%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA M                           | City & County of San Francisco CA                                                | CUSIP: 79765PEG4<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126206.53    | 0.10%             | 2029-08-01      | Variable      | 3.35%                 | 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        |    500000 | PA      | $542203.85    | 0.44%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                            | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250FV1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98752.34     | 0.08%             | 2053-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HLTH SYS R                           | Indiana Finance Authority                                                        | CUSIP: 45470YGD7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $267136.73    | 0.22%             | 2064-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI                           | Dallas Fort Worth International Airport                                          | CUSIP: 23503CFL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094762.30   | 0.89%             | 2050-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NAVAJO CNTY AZ UNIF SCH DIST #                           | Navajo County Unified School District No 27 Kayenta                              | CUSIP: 639147AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $466418.17    | 0.38%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TROY NY CAPITAL RESOURCE CORP                            | Troy Capital Resource Corp                                                       | CUSIP: 897579BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106511.36    | 0.09%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUT                           | Allegheny County Hospital Development Authority                                  | CUSIP: 01728A3Z7<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    500000 | PA      | $465287.25    | 0.38%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JUSTIN TX SPL ASSMNT REVENUE                             | City of Justin TX                                                                | CUSIP: 482184AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    368000 | PA      | $371168.85    | 0.30%             | 2032-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                             | New Hampshire Business Finance Authority                                         | CUSIP: 63607YBJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100659.33    | 0.08%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                            | Sales Tax Securitization Corp                                                    | CUSIP: 79467BEH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $154645.08    | 0.13%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU                           | Colorado Educational & Cultural Facilities Authority                             | CUSIP: 19645UUL6<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255738.88    | 0.21%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH                           | West Virginia Hospital Finance Authority                                         | CUSIP: 956622Z23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273571.88    | 0.22%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                             | Ohio Air Quality Development Authority                                           | CUSIP: 677525WS2<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507928.30    | 0.41%             | 2040-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| MUSKOGEE CNTY OK PUBLIC SAFETY                           | Muskogee County Public Safety Authority                                          | CUSIP: 628124AJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $233515.99    | 0.19%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $687453.70    | 0.56%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WILSON PA SCH DIST                                       | Wilson School District                                                           | CUSIP: 972369SJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089017.70   | 0.89%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOREST GROVE OR REVENUE                                  | City of Forest Grove OR                                                          | CUSIP: 345648EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $182969.85    | 0.15%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU                           | San Diego County Regional Airport Authority                                      | CUSIP: 79739GSM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546509.70    | 0.45%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINELLAS CNTY FL HSG FIN AUTHM                           | Pinellas County Housing Finance Authority                                        | CUSIP: 72317BAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125462.59    | 0.10%             | 2028-07-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OH FIN                            | Columbus-Franklin County Finance Authority                                       | CUSIP: 19910XAJ5<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103524.43    | 0.08%             | 2028-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MF HSG REVENUE                                | City of Chicago IL                                                               | CUSIP: 167570TW0<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150523.70    | 0.12%             | 2028-10-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                           | City & County of Denver CO Airport System Revenue                                | CUSIP: 249182LV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $131789.01    | 0.11%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                           | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638TJU8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $555855.85    | 0.45%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York NY                                                              | CUSIP: 64966LLS8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    265000 | PA      | $265000.00    | 0.22%             | 2040-03-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EXPRESSWAY                            | Miami-Dade County Expressway Authority                                           | CUSIP: 59334KFW3<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502139.25    | 0.41%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                           | California Infrastructure & Economic Development Bank                            | CUSIP: 13035ADD8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106351.99    | 0.09%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKESHORE VLGS LA MASTER CDD S                           | Lakeshore Villages Master Community Development District                         | CUSIP: 512098AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946385.40    | 0.77%             | 2039-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                           | New York Transportation Development Corp                                         | CUSIP: 650116EX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96017.00     | 0.08%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FVN1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    675000 | PA      | $675000.00    | 0.55%             | 2062-05-15      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY INDL DEV AGY                            | New York City Industrial Development Agency                                      | CUSIP: 64971PLK9<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    270000 | PA      | $207998.36    | 0.17%             | 2046-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AVENTURA ISLES CMNTY DEV DISTF                           | Aventura Isles Community Development District                                    | CUSIP: 05357GAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203321.58    | 0.17%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST                           | Trinity River Authority Central Regional Wastewater System Revenue               | CUSIP: 89658HZR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108290.37    | 0.09%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH POLL C                           | Development Authority of Monroe County/The                                       | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185422.17    | 0.15%             | 2048-10-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                    | Chicago Board of Education                                                       | CUSIP: 167501XC4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927705.50    | 0.76%             | 2027-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST PORT EAST CDD FL SPL ASSM                           | West Port East Community Development District                                    | CUSIP: 95549KAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $277241.30    | 0.23%             | 2035-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL                           | Rhode Island Health and Educational Building Corp                                | CUSIP: 762244NP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $330626.16    | 0.27%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                               | City of Chicago IL                                                               | CUSIP: 167486W39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    280000 | PA      | $291738.50    | 0.24%             | 2041-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                           | Massachusetts Development Finance Agency                                         | CUSIP: 57585BLF3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252306.43    | 0.21%             | 2041-07-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| PEACE CREEK VLG CDD FL SPL ASS                           | Peace Creek Village Community Development District                               | CUSIP: 70459CAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101640.20    | 0.08%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN                           | Port of Portland OR Airport Revenue                                              | CUSIP: 7352402C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163346.63    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS HGR EDU AUTH INC EDU L                           | North Texas Higher Education Authority Inc                                       | CUSIP: 66286UAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1232273.19   | 1.00%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                           | Louisiana Public Facilities Authority                                            | CUSIP: 546399CN4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505021.10    | 0.41%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARTFORD CT SPL OBLIG                                    | City of Hartford CT                                                              | CUSIP: 416464AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259721.05    | 0.21%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                           | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $532918.65    | 0.43%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                            | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DTU6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    415000 | PA      | $415000.00    | 0.34%             | 2042-07-01      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX                                          | County of Hidalgo TX                                                             | CUSIP: 429326U90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $852516.78    | 0.69%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ WTR & SWR REVENUE                            | City of Glendale AZ Water & Sewer Revenue                                        | CUSIP: 378352SL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $115606.62    | 0.09%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERIE PA HGR EDU BLDG AUTH                                | City of Erie Higher Education Building Authority                                 | CUSIP: 295435CR0<br>LEI: 549300JDMWBZICIGLV66 | Long             | DBT              | MUN               | US        |     25000 | PA      | $23980.00     | 0.02%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON TX INDEP SCH DIST                              | Princeton Independent School District                                            | CUSIP: 742395YV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550834.30    | 0.45%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX WTRWKS & SWR SYS REV                           | City of Dallas TX Waterworks & Sewer System Revenue                              | CUSIP: 23542JBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504967.15    | 0.41%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TN HLTH EDUCTNL &H                           | Shelby County Health Educational & Housing Facilities Board                      | CUSIP: 821697Z44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $560439.35    | 0.46%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL                           | Rhode Island Health and Educational Building Corp                                | CUSIP: 762244FP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $616108.41    | 0.50%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                            | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70870JGZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217211.44    | 0.18%             | 2060-03-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                            | New Hope Cultural Education Facilities Finance Corp                              | CUSIP: 64542UGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107185.34    | 0.09%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                               | Public Finance Authority                                                         | CUSIP: 74442PK95<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101582.35    | 0.08%             | 2050-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAMMOCK OAKS CDD FL ASSMNT                               | Hammock Oaks Community Development District                                      | CUSIP: 40834PAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $173810.30    | 0.14%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                           | Main Street Natural Gas Inc                                                      | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |     45000 | PA      | $47629.08     | 0.04%             | 2053-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1203000 | PA      | $1173383.70   | 0.96%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                            | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70869PMF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $172332.11    | 0.14%             | 2039-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HGR EDU & H                           | Montgomery County Higher Education and Health Authority                          | CUSIP: 613603ZW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518694.95    | 0.42%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN                           | City of Celina TX                                                                | CUSIP: 15114CEH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $159276.92    | 0.13%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT NEW ORLEANS LA BRD OF COM                           | Port New Orleans Board of Commissioners                                          | CUSIP: 734782ED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104346.85    | 0.08%             | 2055-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                               | City of Detroit MI                                                               | CUSIP: 2510936C9<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    100000 | PA      | $114261.07    | 0.09%             | 2039-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC                           | Public Finance Authority                                                         | CUSIP: 74443DLU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104835.03    | 0.09%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                           | Main Street Natural Gas Inc                                                      | CUSIP: 56035DKH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549333.65    | 0.45%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                             | Ohio Air Quality Development Authority                                           | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506624.40    | 0.41%             | 2030-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                            | Pennsylvania Economic Development Financing Authority                            | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $601024.56    | 0.49%             | 2038-08-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| DENVER CO CONVENTION CENTER HO                           | Denver Convention Center Hotel Authority                                         | CUSIP: 249189DS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502184.50    | 0.41%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $328332.48    | 0.27%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                           | North Carolina Medical Care Commission                                           | CUSIP: 65821DXY2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    245000 | PA      | $245510.16    | 0.20%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                    | Chicago Board of Education                                                       | CUSIP: 167505UK0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516850.85    | 0.42%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A                           | Metropolitan Washington Airports Authority Aviation Revenue                      | CUSIP: 592647NM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $272862.65    | 0.22%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERANO #1 CDD FL SPL ASSMMT                              | Verano No 1 Community Development District                                       | CUSIP: 92337HAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $146555.60    | 0.12%             | 2046-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                            | Central Texas Turnpike System                                                    | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107740.66    | 0.09%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE                           | City of Salt Lake City UT Airport Revenue                                        | CUSIP: 795576FV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102205.08    | 0.08%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP ARP                           | City of Phoenix Civic Improvement Corp                                           | CUSIP: 71883MPT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132068.06    | 0.11%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST CONVENTION CENTE                           | Washington State Convention Center Public Facilities District                    | CUSIP: 93976ACR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103089.04    | 0.08%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL                           | Rhode Island Health and Educational Building Corp                                | CUSIP: 762244MX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $240646.43    | 0.20%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE                                | City of Chicago IL Waterworks Revenue                                            | CUSIP: 167736F69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117088.93    | 0.10%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A                           | South Carolina Public Service Authority                                          | CUSIP: 8371514U0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    100000 | PA      | $95531.53     | 0.08%             | 2044-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LAFAYETTE PARISH LA SCH BRD SA                           | Lafayette Parish School Board Sale Tax Revenue                                   | CUSIP: 506624VH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $277644.13    | 0.23%             | 2045-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD IL ELEC REVENUE                              | City of Springfield IL Electric Revenue                                          | CUSIP: 850578UA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108332.84    | 0.09%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHELTENHAM TWP PA INDL DEV AUT                           | Cheltenham Township Industrial Development Authority                             | CUSIP: 163492AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $325019.54    | 0.26%             | 2054-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT                           | New Jersey Educational Facilities Authority                                      | CUSIP: 646067KE7<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    200000 | PA      | $232983.48    | 0.19%             | 2064-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                            | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105005.61    | 0.09%             | 2035-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                           | North Carolina Medical Care Commission                                           | CUSIP: 65821DZV6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    350000 | PA      | $383668.08    | 0.31%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 4521525P2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    425000 | PA      | $430359.00    | 0.35%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL REVENUE                               | County of Palm Beach FL                                                          | CUSIP: 696547HV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511598.90    | 0.42%             | 2045-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                          | City of Philadelphia PA                                                          | CUSIP: 717813B40<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    250000 | PA      | $276360.40    | 0.23%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA WTR & SWR AUT                           | District of Columbia Water & Sewer Authority                                     | CUSIP: 254845VW7<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    215000 | PA      | $215000.00    | 0.18%             | 2060-10-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP                           | New Jersey Economic Development Authority                                        | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    410000 | PA      | $410192.58    | 0.33%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HOSPS & HGR ED                           | Hospitals & Higher Education Facilities Authority of Philadelphia/The            | CUSIP: 717903L97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $81107.99     | 0.07%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                            | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100154.46    | 0.08%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIV CLGS & UNIVS AUTH GA                                | Private Colleges & Universities Authority                                        | CUSIP: 74265L3H9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $229816.74    | 0.19%             | 2040-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH R                           | Lower Colorado River Authority                                                   | CUSIP: 54811GS35<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    500000 | PA      | $552401.15    | 0.45%             | 2045-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION                           | City of Chicago IL Wastewater Transmission Revenue                               | CUSIP: 167727D94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $355975.16    | 0.29%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                           | Chicago O'Hare International Airport                                             | CUSIP: 167593F56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012262.90   | 0.82%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY MF HSG REV                           | Ohio Housing Finance Agency                                                      | CUSIP: 676900XT5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125462.48    | 0.10%             | 2042-07-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP                           | Great Lakes Water Authority Water Supply System Revenue                          | CUSIP: 39081JHU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $563089.45    | 0.46%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                           | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638TJT1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $537190.00    | 0.44%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN INDEP SCH DIST #709                            | Duluth Independent School District No 709                                        | CUSIP: 264471MB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $705757.27    | 0.57%             | 2032-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WALLER TX INDEP SCH DIST                                 | Waller Consolidated Independent School District                                  | CUSIP: 932493MK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $571890.05    | 0.47%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                       | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     25000 | PA      | $22244.65     | 0.02%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH CNTY WA PUBLIC UTILI                           | Snohomish County Public Utility District No 1 Electric System Revenue            | CUSIP: 833102G26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1159973.10   | 0.94%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SALES TAX REVENUE                           | County of Cook IL Sales Tax Revenue                                              | CUSIP: 213248ER4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $239825.59    | 0.20%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE                           | City of Whiting IN                                                               | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101074.15    | 0.08%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COATESVILLE PA AREA SCH DIST                             | Coatesville School District                                                      | CUSIP: 190684QY9<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268965.55    | 0.22%             | 2042-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    167000 | PA      | $166611.84    | 0.14%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                           | California Health Facilities Financing Authority                                 | CUSIP: 13032U4R6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $284863.68    | 0.23%             | 2050-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA INDL DEV AU                           | Montgomery County Industrial Development Authority/PA                            | CUSIP: 61360PCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101172.91    | 0.08%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG                             | County of Miami-Dade FL                                                          | CUSIP: 59333NNA7<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    250000 | PA      | $209196.08    | 0.17%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BROOKLYN ARENA NY LOCAL DEV CO                           | Brooklyn Arena Local Development Corp                                            | CUSIP: 113807BQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $78211.74     | 0.06%             | 2043-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 452152X55<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    450000 | PA      | $469962.36    | 0.38%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FKU7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    695000 | PA      | $546019.38    | 0.44%             | 2049-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC                           | Downtown Revitalization Public Infrastructure District                           | CUSIP: 26118TBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $272739.28    | 0.22%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCRANTON-LACKAWANNA PA HLTH &                            | Scranton-Lackawanna Health and Welfare Authority                                 | CUSIP: 810694Q44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $783083.00    | 0.64%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST LYME CT                                             | Town of East Lyme CT                                                             | CUSIP: 273587U78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007821.90   | 0.82%             | 2026-08-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                             | Illinois Finance Authority                                                       | CUSIP: 45204FFY6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    175000 | PA      | $177648.94    | 0.14%             | 2038-07-01      | Fixed         | 4.00%                 | 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        |    225000 | PA      | $243060.95    | 0.20%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149651.36    | 0.12%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST CAPITAL FACS                           | North Carolina Capital Facilities Finance Agency                                 | CUSIP: 65819GLE6<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006007.10   | 0.82%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FIN AUTH FL EDUC                           | Capital Projects Finance Authority/FL                                            | CUSIP: 14043FAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101024.35    | 0.08%             | 2045-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRAILS AT CROWFOOT MET DIST #3                           | Trails at Crowfoot Metropolitan District No 3                                    | CUSIP: 89286RAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103780.45    | 0.08%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R                           | Central Texas Regional Mobility Authority                                        | CUSIP: 155498GW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $803158.35    | 0.65%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UPPER TRINITY TX REGL WTR DIST                           | Upper Trinity Regional Water District                                            | CUSIP: 9166722D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110101.79    | 0.09%             | 2041-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G                           | Central Plains Energy Project                                                    | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $538056.70    | 0.44%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SCRANTON-LACKAWANNA PA HLTH &                            | Scranton-Lackawanna Health and Welfare Authority                                 | CUSIP: 810694P37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $462395.48    | 0.38%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORKSCREW FARMS CMNTY DEV DIST                           | Corkscrew Farms Community Development District                                   | CUSIP: 21888RAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $263298.21    | 0.21%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE                                | North Texas Tollway Authority                                                    | CUSIP: 66285WWY8<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    390000 | PA      | $390532.31    | 0.32%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE CNTY PA AUTH                                    | Delaware County Authority                                                        | CUSIP: 246003NF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506455.40    | 0.41%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL CONVENTION CTR                           | County of Broward FL Convention Center Hotel Revenue                             | CUSIP: 115012AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216381.24    | 0.18%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA                           | New York State Dormitory Authority                                               | CUSIP: 64990AGM1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021845.90   | 0.83%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                               | City of Detroit MI                                                               | CUSIP: 2510933S7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204795.46    | 0.17%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                           | California Health Facilities Financing Authority                                 | CUSIP: 13032UGL6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    130000 | PA      | $126845.34    | 0.10%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WAGONER CNTY OK DEV AUTH SALES                           | Wagoner County Development Authority/OK                                          | CUSIP: 93054CAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102377.76    | 0.08%             | 2035-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG FIN AUTH MF HS                           | Colorado Housing and Finance Authority                                           | CUSIP: 19647PDX8<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502890.70    | 0.41%             | 2044-07-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                           | Massachusetts Development Finance Agency                                         | CUSIP: 57584XYG0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $299513.20    | 0.24%             | 2036-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 452153HT9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511748.00    | 0.42%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH REVE                           | Delaware State Economic Development Authority                                    | CUSIP: 246387SZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507333.40    | 0.41%             | 2040-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX AFFORDABLE PUBLIC FA                           | Austin Affordable Pfc Inc                                                        | CUSIP: 05217TAU8<br>LEI: 529900LKLIWOHOEBOF89 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103374.59    | 0.08%             | 2028-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH                            | Orange County Health Facilities Authority                                        | CUSIP: 68450LHF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110304.13    | 0.09%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA HLTH & EDU FAC                           | Chester County Health and Education Facilities Authority                         | CUSIP: 165579HS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505551.35    | 0.41%             | 2046-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FREDERICK CNTY MD TAX INCR & S                           | County of Frederick MD                                                           | CUSIP: 355612AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $140505.06    | 0.11%             | 2039-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D                           | Metropolitan Washington Airports Authority Dulles Toll Road Revenue              | CUSIP: 592643CY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101491.03    | 0.08%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA CMNTY CLG SYS BRD OF T                           | Alabama Community College System                                                 | CUSIP: 01025PSK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $573492.60    | 0.47%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE PUBLIC EDUCTNL BL                           | Jacksonville Public Educational Building Authority                               | CUSIP: 469480BU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $203857.04    | 0.17%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                              | State of Illinois                                                                | CUSIP: 452152H61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    435000 | PA      | $425865.52    | 0.35%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                       | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    250000 | PA      | $180242.93    | 0.15%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                           | Maricopa County Industrial Development Authority                                 | CUSIP: 56682HCK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $865421.94    | 0.70%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL TRANSPRTN REVE                           | County of Osceola FL Transportation Revenue                                      | CUSIP: 688031EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $159349.50    | 0.13%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWRY CROSSING TX SPL ASSMNT R                           | City of Lowry Crossing TX                                                        | CUSIP: 54877WAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    409000 | PA      | $408349.77    | 0.33%             | 2045-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE                           | Public Finance Authority                                                         | CUSIP: 744396KP6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206549.74    | 0.17%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                            | Triborough Bridge & Tunnel Authority                                             | CUSIP: 89602HHY6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105378.78    | 0.09%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL HSG FIN A                           | Hillsborough County Housing Finance Authority                                    | CUSIP: 43232EDB2<br>LEI: 5493003JJ1KK4FWWU787 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100115.28    | 0.08%             | 2042-09-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                           | California Community Choice Financing Authority                                  | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    520000 | PA      | $568369.67    | 0.46%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUNXSUTAWNEY BORO PA                                     | Borough of Punxsutawney PA                                                       | CUSIP: 746044BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016997.70   | 0.83%             | 2050-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION                           | City of Chicago IL Wastewater Transmission Revenue                               | CUSIP: 167727K54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $165655.08    | 0.13%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SCH DIST #216 ENU                           | King County School District No 216 Enumclaw                                      | CUSIP: 495008SA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $233220.36    | 0.19%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESPLANADE LAKE CLUB CMNTY DEV                            | Esplanade Lake Club Community Development District                               | CUSIP: 29665MAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $398370.25    | 0.32%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH AQUEDUCT &                            | Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | CUSIP: 745160SJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984383.40    | 0.80%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST OFFICE FACS CORPL                           | Louisiana Office Facilities Corp                                                 | CUSIP: 546405FY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $157643.92    | 0.13%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST ENVRNMNTL IMPT & E                           | Missouri State Environmental Improvement & Energy Resources Authority            | CUSIP: 606907BK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509592.85    | 0.42%             | 2038-05-01      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY TX HOSP DIST                                | El Paso County Hospital District                                                 | CUSIP: 283590JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540434.45    | 0.44%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FVL5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263637.30    | 0.21%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRADITION CDD #9 FL SPL ASSMNT                           | Tradition Community Development District No 9                                    | CUSIP: 89269NAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100869.63    | 0.08%             | 2045-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                              | City of Houston TX Airport System Revenue                                        | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203481.12    | 0.17%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATCHING FUND SPL PURPOSE SECU                           | Matching Fund Special Purpose Securitization Corp                                | CUSIP: 57665NAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102977.46    | 0.08%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWERY HILLS CDD FL SPL ASSMNT                           | Lowery Hills Community Development District                                      | CUSIP: 548652AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101568.19    | 0.08%             | 2032-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                           | Massachusetts Development Finance Agency                                         | CUSIP: 57585BNX2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101873.50   | 0.90%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                          | Commonwealth of Pennsylvania                                                     | CUSIP: 70914P4J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98179.15     | 0.08%             | 2044-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                               | City of Detroit MI                                                               | CUSIP: 2510935E6<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    550000 | PA      | $557512.56    | 0.45%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATHENS-CLARKE CNTY GA UNIF GOV                           | Athens-Clarke County Unified Government Development Authority                    | CUSIP: 047059KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $92317.54     | 0.08%             | 2039-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                           | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83704HAD9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105734.97    | 0.09%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                           | New York Transportation Development Corp                                         | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100049.16    | 0.08%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR                            | Los Angeles Department of Water & Power                                          | CUSIP: 5444956D1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101445.29    | 0.08%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                           | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    700000 | PA      | $751818.34    | 0.61%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                       | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    109000 | PA      | $108933.38    | 0.09%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MS GULF OPPORTUNIT                           | County of Warren MS                                                              | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514533.15    | 0.42%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                            | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 646136WU1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    335000 | PA      | $193769.70    | 0.16%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                           | California Health Facilities Financing Authority                                 | CUSIP: 13032UT40<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $527545.95    | 0.43%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S                           | Long Island Power Authority                                                      | CUSIP: 5426908M7<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    580000 | PA      | $582494.35    | 0.47%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA UNIV REVENUE                            | District of Columbia                                                             | CUSIP: 25484JDJ6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    750000 | PA      | $848889.75    | 0.69%             | 2060-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                                          | City of Philadelphia PA                                                          | CUSIP: 717813C72<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    445000 | PA      | $505921.88    | 0.41%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A                           | Washington Health Care Facilities Authority                                      | CUSIP: 93978HVR3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103778.41    | 0.08%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FL PUBLIC HOSP D                           | Sarasota County Public Hospital District                                         | CUSIP: 803301DK3<br>LEI: 549300JY4SF4DU1YDF85 | Long             | DBT              | MUN               | US        |    125000 | PA      | $112996.86    | 0.09%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                           | Los Angeles Department of Water & Power                                          | CUSIP: 544532QC1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    250000 | PA      | $288289.55    | 0.23%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORWOOD OH SPL OBLIG REVENUE                             | City of Norwood OH                                                               | CUSIP: 669681AA6<br>LEI: 5493000KZUQ48Z2VEE89 | Long             | DBT              | MUN               | US        |    145000 | PA      | $146195.00    | 0.12%             | 2030-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS VA TRANSPRTN ACC                           | Hampton Roads Transportation Accountability Commission                           | CUSIP: 40934TAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $258664.53    | 0.21%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FL HSG FIN AUTH M                           | Jacksonville Housing Finance Authority                                           | CUSIP: 46940YBU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125392.91    | 0.10%             | 2058-07-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                    | Chicago Board of Education                                                       | CUSIP: 167505RN8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525971.90    | 0.43%             | 2030-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                              | City of Houston TX Airport System Revenue                                        | CUSIP: 442349EC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $367587.23    | 0.30%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENVRNMNTL FACS COR                           | New York State Environmental Facilities Corp                                     | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251926.28    | 0.21%             | 2050-09-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| NEWTON ROAD CDD FL SPL ASSMNT                            | Newton Road Community Development District                                       | CUSIP: 65321TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $321214.60    | 0.26%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHELPS CNTY MO HOSP REVENUE                              | County of Phelps MO                                                              | CUSIP: 717252CZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085196.20   | 0.88%             | 2045-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                            | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DTS1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.10%             | 2042-07-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| DENVER CO HLTH & HOSP AUTH HLT                           | Denver Health & Hospital Authority                                               | CUSIP: 24918EEJ5<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    110000 | PA      | $103396.65    | 0.08%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                           | Colorado Health Facilities Authority                                             | CUSIP: 19648FZQ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    200000 | PA      | $217889.30    | 0.18%             | 2060-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                           | Chicago O'Hare International Airport                                             | CUSIP: 167593F31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $137058.97    | 0.11%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                           | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212213.70    | 0.17%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET                            | Minneapolis-St Paul Metropolitan Airports Commission                             | CUSIP: 603827Q25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108906.84    | 0.09%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD RANCH FL STEWARDSHIP                            | Lakewood Ranch Stewardship District                                              | CUSIP: 51265KAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $690590.01    | 0.56%             | 2045-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENERGY RESEARCH &                            | New York State Energy Research & Development Authority                           | CUSIP: 649845JE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516084.60    | 0.42%             | 2032-08-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL                           | Chandler Industrial Development Authority                                        | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508311.05    | 0.41%             | 2052-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY COVE CDD FL SPL ASSMNT                           | Liberty Cove Community Development District                                      | CUSIP: 530430AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $86066.31     | 0.07%             | 2031-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                              | Indiana Finance Authority                                                        | CUSIP: 45506DXH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101457.17    | 0.08%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                            | Black Belt Energy Gas District                                                   | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154689.78    | 0.13%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                           | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JNY5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    500000 | PA      | $558864.30    | 0.46%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CNTY OK FIN AUTH EDUC                           | Oklahoma County Finance Authority                                                | CUSIP: 67868UKG7<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    500000 | PA      | $531899.70    | 0.43%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                             | Illinois Finance Authority                                                       | CUSIP: 45203H8V7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352041.97    | 0.29%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T                           | Territory of Guam                                                                | CUSIP: 40065NCR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96193.87     | 0.08%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CELINA TX SPL ASSESSMENT REVEN                           | City of Celina TX                                                                | CUSIP: 15114CHU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104866.49    | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST HLTH & HGR EDUCTNL FA                           | Maine Health & Higher Educational Facilities Authority                           | CUSIP: 56042SEC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $306138.00    | 0.25%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                    | Chicago Board of Education                                                       | CUSIP: 167505QJ8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499800.25    | 0.41%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REDMOND OR                                               | City of Redmond OR                                                               | CUSIP: 757657ZF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $283462.60    | 0.23%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM & EXPOSITION                           | Louisiana Stadium & Exposition District                                          | CUSIP: 546410CQ2<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |    400000 | PA      | $447227.56    | 0.36%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUFFALO & ERIE CNTY NY INDL LA                           | Buffalo & Erie County Industrial Land Development Corp                           | CUSIP: 11943KEJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $582719.01    | 0.47%             | 2045-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY OR SCH DIST                                 | Lincoln County School District/OR                                                | CUSIP: 533404CS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $653653.98    | 0.53%             | 2027-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                             | Illinois Finance Authority                                                       | CUSIP: 45204E8B7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    450000 | PA      | $426462.26    | 0.35%             | 2036-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195076.26    | 0.16%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| RADIANCE CDD FL SPL ASSMNT                               | Radiance Community Development District                                          | CUSIP: 75030AAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103658.11    | 0.08%             | 2045-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                             | City of Milwaukee WI                                                             | CUSIP: 602366WY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100354.58    | 0.08%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                           | Kentucky Public Energy Authority                                                 | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523390.20    | 0.43%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                            | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XDP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034795.10   | 0.84%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                           | California Health Facilities Financing Authority                                 | CUSIP: 13032UN87<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111483.19    | 0.09%             | 2061-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DAYTON TX SPL ASSMNT REVENUE                             | City of Dayton TX                                                                | CUSIP: 240094AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    441000 | PA      | $441241.58    | 0.36%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                             | Michigan Finance Authority                                                       | CUSIP: 59447TW58<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    265000 | PA      | $260653.21    | 0.21%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST HSG CORP MF HSG R                           | Louisiana Housing Corp                                                           | CUSIP: 54627CCA9<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023093.80   | 0.83%             | 2028-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A                           | City of Los Angeles Department of Airports                                       | CUSIP: 5444452K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108913.13    | 0.09%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                            | Arlington Higher Education Finance Corp                                          | CUSIP: 0418067A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103967.30    | 0.08%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOCORRO TX INDEP SCH DIST                                | Socorro Independent School District                                              | CUSIP: 833715DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $124842.50    | 0.10%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINELLAS CNTY FL SCH BRD COPS                            | Pinellas County School Board                                                     | CUSIP: 723203BL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $201523.36    | 0.16%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IBIS LANDING CDD FL SPL ASSMNT                           | Ibis Landing Community Development District                                      | CUSIP: 451075AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151444.16    | 0.12%             | 2030-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN                           | Florida Development Finance Corp                                                 | CUSIP: 34061UMU9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    125000 | PA      | $128303.09    | 0.10%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE &                           | California Infrastructure & Economic Development Bank                            | CUSIP: 13034ASK7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257664.60    | 0.21%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                              | Indiana Finance Authority                                                        | CUSIP: 45506EPD9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500901.15    | 0.41%             | 2032-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| KINGSTON ONE CDD FL SPL ASSMNT                           | Kingston One Community Development District                                      | CUSIP: 496631AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $619414.51    | 0.50%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAPIDES PARISH LA SCH DIST #52                           | Rapides Parish School District No 52 Pineville                                   | CUSIP: 753585FD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $307929.38    | 0.25%             | 2039-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GUAM PWR AUTH REVENUE                                    | Guam Power Authority                                                             | CUSIP: 400653JW2<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    750000 | PA      | $825756.90    | 0.67%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE                           | Great Lakes Water Authority Sewage Disposal System Revenue                       | CUSIP: 39081HGQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $563089.45    | 0.46%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                               | Port of Seattle WA                                                               | CUSIP: 7353892A5<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106848.82    | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                              | City of New York NY                                                              | CUSIP: 64966SCR5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515458.20    | 0.42%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                           | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    334000 | PA      | $83238.38     | 0.07%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL HSG FIN AUT                           | Miami-Dade County Housing Finance Authority                                      | CUSIP: 593344CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502611.65    | 0.41%             | 2044-02-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| MATCHING FUND SPL PURPOSE SECU                           | Matching Fund Special Purpose Securitization Corp                                | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $825378.62    | 0.67%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                           | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076768.50   | 0.88%             | 2030-10-01      | 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