# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-26-008652
**Filing Date:** 2026-4
**Character Count:** 192269
**Document Hash:** a6e30049f00eb350302db20f57d40238
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-008652.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0002071691-26-008652

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000757010

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 26887741

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

## Series and Classes Contracts Data

### FRANKLIN FEDERAL LIMITED-TERM TAX-FREE INCOME FUND (Series ID: S000006933)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018804 | CLASS A1      | FFTFX           |
| C000096868 | Advisor Class | FTFZX           |
| C000194373 | Class R6      | FFTRX           |
| C000205911 | Class A       | FFLQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Tax Free Trust

- **b. Investment Company Act file number:** 811-04149

- **c. CIK number of Registrant:** 0000757010

- **d. LEI of Registrant:** 549300C12HCE48FV1C70

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

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

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Franklin Federal Limited-Term Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006933

- **c. LEI of Series:** 5493007EWSZA540FRT73

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2026-02-28

**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:** $894375246.98

**Total Liabilities:** $9368786.84

**Net Assets:** $885006460.14

**Delayed Delivery Securities:** $6784830.95

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2076.66000000 | **1-Year:** -21036.95000000 | **5-Year:** -41841.58000000 | **10-Year:** -61631.84000000 | **30-Year:** -58866.82000000

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

- **3-Month:** -632.87000000 | **1-Year:** -2472.70000000 | **5-Year:** -5383.39000000 | **10-Year:** -5637.05000000 | **30-Year:** -1416.35000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018804 | 0.25%                | 0.61%                | 0.69%                |
| Class ID C000096868 | 0.27%                | 0.62%                | 0.61%                |
| Class ID C000194373 | 0.27%                | 0.62%                | 0.70%                |
| Class ID C000205911 | 0.24%                | 0.60%                | 0.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-82920.85               | $241605.56                                 |
| Month 2  | $-8820.29                | $3478080.77                                |
| Month 3  | $-162288.21              | $3913502.33                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adams County General Authority                                                                            | Adams County General Authority, Series 2024 B-2                                                                        | CUSIP: 006114AG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518672.60   | 0.17%             | 2029-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Alachua County Health Facilities Authority                                                                | Alachua County Health Facilities Authority, Series 2025 B-3                                                            | CUSIP: 010684BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1144234.30   | 0.13%             | 2030-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                                        | Allegheny County Airport Authority, Series 2023 A                                                                      | CUSIP: 01728LGV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129267.30   | 0.13%             | 2036-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                                             | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                             | CUSIP: 018444BN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501214.50    | 0.06%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                                             | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                             | CUSIP: 018444BP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $603716.50    | 0.07%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                                            | American Municipal Power, Inc., Series 2025                                                                            | CUSIP: 027651ZR2<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1560810.10   | 0.18%             | 2026-06-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                                                       | Arizona Health Facilities Authority, Series 2015 C                                                                     | CUSIP: 040507QB4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.45%             | 2046-01-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                                                  | Arizona Industrial Development Authority, Series 2024                                                                  | CUSIP: 04062PCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $803193.92    | 0.09%             | 2045-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                                                    | Arkansas Development Finance Authority, Series 2025                                                                    | CUSIP: 04084EAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013922.20   | 0.23%             | 2065-10-15      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                                                    | Arkansas Development Finance Authority, Series 2024                                                                    | CUSIP: 04109FCC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $747503.01    | 0.08%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                                                    | Arkansas Development Finance Authority, Series 2024                                                                    | CUSIP: 04109FCD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $827446.32    | 0.09%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority (The)                                                                       | Atlanta Development Authority (The), Series 2025 B                                                                     | CUSIP: 04777LDX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1699894.79   | 0.19%             | 2030-07-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                 | City of Atlanta, Series 2024 A-1                                                                                       | CUSIP: 04780MS67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302795.49    | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                                                 | City of Atlanta, Series 2024 A-1                                                                                       | CUSIP: 04780MS83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $229072.72    | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                                                  | City of Austin, Series 2025                                                                                            | CUSIP: 052398HY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $915326.37    | 0.10%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Housing Finance Corp.                                                                              | Austin Housing Finance Corp., Series 2024                                                                              | CUSIP: 052425HY4<br>LEI: 549300UBTYKESVNBXV64 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10144137.00  | 1.15%             | 2042-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Babcock Ranch Community Independent Special District                                                      | Babcock Ranch Community Independent Special District, Series 2020                                                      | CUSIP: 05616KBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $511811.38    | 0.06%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                            | Black Belt Energy Gas District, Series 2023 B-2                                                                        | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10954391.00  | 1.24%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                            | Black Belt Energy Gas District, Series 2021 B                                                                          | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5046135.50   | 0.57%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                            | Black Belt Energy Gas District, Series 2022 E                                                                          | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4190698.40   | 0.47%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                            | Black Belt Energy Gas District, Series 2023 D-3                                                                        | CUSIP: 09182TCT2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5097866.00   | 0.58%             | 2049-06-01      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                            | Black Belt Energy Gas District, Series 2024 A                                                                          | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2171524.40   | 0.25%             | 2055-05-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                                            | Black Belt Energy Gas District, Series 2024 C                                                                          | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10846370.00  | 1.23%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                                               | Development Authority of Burke County (The), Series 4th 1995                                                           | CUSIP: 121342QJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008214.00   | 0.34%             | 2032-10-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                                               | Development Authority of Burke County (The), Series 2013-1                                                             | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015780.20   | 0.23%             | 2053-11-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County (The)                                                               | Development Authority of Burke County (The), Series 5th 1994                                                           | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1792067.73   | 0.20%             | 2032-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                                                                           | CMFA Special Finance Agency VII, Series 2021 A-2                                                                       | CUSIP: 12574UAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $824899.69    | 0.09%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                                                       | California Community Housing Agency, Series 2021 A-2                                                                   | CUSIP: 13013FAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2795000 | PA      | $2685702.64   | 0.30%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority, Series 2021 B-1                                                       | CUSIP: 13013JAC0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    325000 | PA      | $326759.94    | 0.04%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority, Series 2021 B-1                                                       | CUSIP: 13013JAE6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407215.68    | 0.05%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority, Series 2021 B-1                                                       | CUSIP: 13013JAF3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    375000 | PA      | $383409.49    | 0.04%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority, Series 2021 B-1                                                       | CUSIP: 13013JAG1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    470000 | PA      | $483226.41    | 0.05%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority, Series 2023 C                                                         | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   4245000 | PA      | $4564328.85   | 0.52%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                     | California Infrastructure & Economic Development Bank, Series 2025 C                                                   | CUSIP: 13034A7F1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4001380.00   | 0.45%             | 2065-01-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                     | California Infrastructure & Economic Development Bank, Series 2021 B                                                   | CUSIP: 13034AN48<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    800000 | PA      | $799009.04    | 0.09%             | 2050-12-01      | Floating      | 2.58%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                         | California Housing Finance Agency, Series 2024 L                                                                       | CUSIP: 13034DAG9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019085.90   | 0.12%             | 2027-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority, Series 2020                                                                    | CUSIP: 13048RAH0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.23%             | 2045-10-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority, Series 2021 A                                                                  | CUSIP: 13048RAJ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500419.10   | 0.17%             | 2041-07-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority, Series 2024 B                                                                  | CUSIP: 13048RAS6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003157.60   | 0.11%             | 2050-09-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| California State University                                                                               | California State University, Series 2016 B-2                                                                           | CUSIP: 13077C4K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $789186.40    | 0.09%             | 2049-11-01      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                                                                 | Camden County Improvement Authority (The), Series 2024                                                                 | CUSIP: 13281RAF0<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3200000.00   | 0.36%             | 2027-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Celebration Community Development District                                                                | Celebration Community Development District, Series 2021                                                                | CUSIP: 151001ED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $234269.95    | 0.03%             | 2031-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                                         | City of Celina, Series 2024                                                                                            | CUSIP: 15114CJV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    132000 | PA      | $135165.60    | 0.02%             | 2031-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                                           | Chester County Industrial Development Authority, Series 2024                                                           | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3275551.83   | 0.37%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                                                    | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1035000.00   | 0.12%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                                                    | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1235437.64   | 0.14%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                                        | City of Chicago, Series 2024 B                                                                                         | CUSIP: 167486T58<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042063.30   | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                                        | City of Chicago, Series 2024 B                                                                                         | CUSIP: 167486T66<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3220000 | PA      | $3437028.64   | 0.39%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                                        | City of Chicago, Series 2020 A                                                                                         | CUSIP: 167486Z44<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1038746.71   | 0.12%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                                        | City of Chicago, Series 2020 A                                                                                         | CUSIP: 167486Z51<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2166297.75   | 0.24%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                                                     | Chicago Park District, Series 2020 F-2                                                                                 | CUSIP: 167615F40<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |    550000 | PA      | $562366.53    | 0.06%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citizens Memorial Hospital District                                                                       | Citizens Memorial Hospital District, Series 2024 A                                                                     | CUSIP: 174762EV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5023080.50   | 0.57%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Public Power                                         | Cleveland Department of Public Utilities, Series 2020 A                                                                | CUSIP: 186398LS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1651094.79   | 0.19%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum & Exhibit Hall Authority                                                           | Cobb-Marietta Coliseum & Exhibit Hall Authority, Series 2025                                                           | CUSIP: 190760HU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $313263.93    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb-Marietta Coliseum & Exhibit Hall Authority                                                           | Cobb-Marietta Coliseum & Exhibit Hall Authority, Series 2025                                                           | CUSIP: 190760HV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $428617.84    | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                  | University of California, Series 2026                                                                                  | CUSIP: 194248AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125701.03    | 0.01%             | 2028-08-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                      | Colorado Health Facilities Authority, Series 2022 A                                                                    | CUSIP: 19648FWD2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    900000 | PA      | $974615.31    | 0.11%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                      | Colorado Health Facilities Authority, Series 2025 A                                                                    | CUSIP: 19648FZT4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250944.55    | 0.03%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                      | Colorado Health Facilities Authority, Series 2025 A                                                                    | CUSIP: 19648FZU1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    255000 | PA      | $260751.47    | 0.03%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                      | Colorado Health Facilities Authority, Series 2025 A                                                                    | CUSIP: 19648FZV9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    340000 | PA      | $353804.58    | 0.04%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                      | Colorado Health Facilities Authority, Series 2025 A                                                                    | CUSIP: 19648FZW7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    560000 | PA      | $592719.34    | 0.07%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                      | Colorado Health Facilities Authority, Series 2025 A                                                                    | CUSIP: 19648FZX5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    395000 | PA      | $424627.57    | 0.05%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                                      | Colorado Health Facilities Authority, Series 2025 A                                                                    | CUSIP: 19648FZY3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    670000 | PA      | $741971.80    | 0.08%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                                                   | Columbus Metropolitan Housing Authority, Series 2024                                                                   | CUSIP: 199518AQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016213.20   | 0.23%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                                                   | Columbus Metropolitan Housing Authority, Series 2024                                                                   | CUSIP: 19951AAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535432.40   | 0.17%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                                               | Connecticut State Health & Educational Facilities Authority, Series 2016 A-2                                           | CUSIP: 20774YJ99<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    840000 | PA      | $839309.52    | 0.09%             | 2042-07-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                                               | Connecticut State Health & Educational Facilities Authority, Series 2026 A                                             | CUSIP: 20775DL91<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4483955.60   | 0.51%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                                                       | County of Cook, Series 2021 A                                                                                          | CUSIP: 213248CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $925762.57    | 0.10%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                                                       | County of Cook, Series 2024                                                                                            | CUSIP: 213248EA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522926.35    | 0.06%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                                                       | County of Cook, Series 2024                                                                                            | CUSIP: 213248EB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070748.10   | 0.12%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                                                       | County of Cook, Series 2024                                                                                            | CUSIP: 213248EC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095577.00   | 0.12%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cortland Enlarged City School District                                                                    | Cortland Enlarged City School District, Series 2026                                                                    | CUSIP: 220660DV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002052.70   | 0.11%             | 2026-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Crawford County Memorial Hospital, Inc.                                                                   | Crawford County Memorial Hospital, Inc., Series 2024                                                                   | CUSIP: 224832BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018450.20   | 0.23%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crystal Cay Community Development District                                                                | Crystal Cay Community Development District, Series 2021                                                                | CUSIP: 229092AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $320797.52    | 0.04%             | 2031-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority                           | Cumberland County Industrial Facilities & Pollution Control Financing Authority, Series 2024                           | CUSIP: 230589AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001553.40   | 0.23%             | 2027-12-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Davis School District                                                                                     | Davis School District, Series 2016                                                                                     | CUSIP: 239019R87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2975000 | PA      | $2971955.09   | 0.34%             | 2028-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                                             | Delaware State Economic Development Authority, Series 2020 A                                                           | CUSIP: 246387SY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5163507.00   | 0.58%             | 2045-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                                                | Denver City & County School District No. 1, Series 2025 A                                                              | CUSIP: 249174YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $6036539.50   | 0.68%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                                                | Denver City & County School District No. 1, Series 2025 A                                                              | CUSIP: 249174ZE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3457909.80   | 0.39%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Des Moines Independent Community School District                                                          | Des Moines Independent Community School District, Series 2018                                                          | CUSIP: 250111DF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9300000 | PA      | $9308345.82   | 1.05%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                                        | City of Detroit, Series 2018                                                                                           | CUSIP: 2510933M0<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    950000 | PA      | $989374.08    | 0.11%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                                        | City of Detroit, Series 2018                                                                                           | CUSIP: 2510933R9<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2359262.83   | 0.27%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                                        | City of Detroit, Series 2018                                                                                           | CUSIP: 2510933S7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1146584.49   | 0.13%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                                               | District of Columbia Housing Finance Agency, Series 2024 A-2                                                           | CUSIP: 254768YN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6335000 | PA      | $6688984.60   | 0.76%             | 2046-09-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                                      | District of Columbia, Series 2025 A                                                                                    | CUSIP: 25484JDJ6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3759964.65   | 0.42%             | 2060-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                    | Downtown Revitalization Public Infrastructure District, Series 2025 A                                                  | CUSIP: 26118TAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $578721.80    | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                    | Downtown Revitalization Public Infrastructure District, Series 2025 A                                                  | CUSIP: 26118TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1195484.52   | 0.14%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                    | Downtown Revitalization Public Infrastructure District, Series 2025 B                                                  | CUSIP: 26118TAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1338308.91   | 0.15%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                    | Downtown Revitalization Public Infrastructure District, Series 2025 B                                                  | CUSIP: 26118TAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $361144.35    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                    | Downtown Revitalization Public Infrastructure District, Series 2025 B                                                  | CUSIP: 26118TBA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $496707.00    | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                                                    | Downtown Revitalization Public Infrastructure District, Series 2025 B                                                  | CUSIP: 26118TBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $589230.73    | 0.07%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Palm Drive Community Development District                                                            | East Palm Drive Community Development District, Series 2024                                                            | CUSIP: 27425AAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $332753.62    | 0.04%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Eastern Kentucky University                                                                               | Eastern Kentucky University, Series 2021 A                                                                             | CUSIP: 276552GT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1214713.51   | 0.14%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Kentucky University                                                                               | Eastern Kentucky University, Series 2021 A                                                                             | CUSIP: 276552GU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1282424.64   | 0.14%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Kentucky University                                                                               | Eastern Kentucky University, Series 2021 A                                                                             | CUSIP: 276552GV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1349136.80   | 0.15%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eden Hills Community Development District                                                                 | Eden Hills Community Development District, Series 2020                                                                 | CUSIP: 279449AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110709.42    | 0.01%             | 2030-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                                   | Energy Southeast A Cooperative District, Series 2023 A-1                                                               | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   4285000 | PA      | $4719548.28   | 0.53%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                                                   | Energy Southeast A Cooperative District, Series 2023 B-1                                                               | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3949110.20   | 0.45%             | 2054-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Entrada Community Development District                                                                    | Entrada Community Development District, Series 2021                                                                    | CUSIP: 29384HAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $360188.04    | 0.04%             | 2031-05-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| FW Ramble Public Facility Corp.                                                                           | FW Ramble Public Facility Corp., Series 2025                                                                           | CUSIP: 302708AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2283972.64   | 0.26%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                                                     | City of Farmington, Series 2010 A                                                                                      | CUSIP: 311450FX3<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4202976.73   | 0.47%             | 2040-06-01      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                                                     | City of Farmington, Series 2010 D                                                                                      | CUSIP: 311450GC8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4087483.20   | 0.46%             | 2040-06-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                                                     | City of Farmington, Series 2010 C                                                                                      | CUSIP: 311450GE4<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11317117.90  | 1.28%             | 2040-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                                         | Florida Development Finance Corp., Series 2026 B                                                                       | CUSIP: 34061QDW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111067.50   | 0.13%             | 2056-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forney Independent School District                                                                        | Forney Independent School District, Series 2025                                                                        | CUSIP: 346425LP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $607584.00    | 0.07%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forney Independent School District                                                                        | Forney Independent School District, Series 2025                                                                        | CUSIP: 346425LQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1662767.04   | 0.19%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin Municipal Green Bond ETF                                                                         | Franklin Municipal Green Bond ETF                                                                                      | CUSIP: 35473P850<br>LEI: 549300D0VIUWD9JJ6J30 | Long             |  | RF                | US        |    660000 | NS      | $16031400.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Garden State Preservation Trust                                                                           | Garden State Preservation Trust, Series 2005 A                                                                         | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15855000 | PA      | $16794240.69  | 1.90%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                                                    | City of Grand Forks, Series 2021                                                                                       | CUSIP: 38546WCY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2396721.14   | 0.27%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                                                    | City of Grand Forks, Series 2021                                                                                       | CUSIP: 38546WCZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1759097.59   | 0.20%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                      | Guam Government Waterworks Authority, Series 2024 A                                                                    | CUSIP: 40065FDL5<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    600000 | PA      | $604550.46    | 0.07%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                      | Guam Government Waterworks Authority, Series 2025 A                                                                    | CUSIP: 40065FEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    640000 | PA      | $719838.46    | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Halifax Hospital Medical Center                                                                           | Halifax Hospital Medical Center, Series 2016                                                                           | CUSIP: 405815LB5<br>LEI: 549300H6HDJUXLEMUW23 | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2906511.44   | 0.33%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hidalgo TX                                                                                      | County of Hidalgo, Series 2025                                                                                         | CUSIP: 429326W49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1163751.47   | 0.13%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hidalgo TX                                                                                      | County of Hidalgo, Series 2025                                                                                         | CUSIP: 429326W56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $415108.36    | 0.05%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                                                    | Hillsborough County Aviation Authority, Series 2024 B                                                                  | CUSIP: 432308V43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10085000 | PA      | $11448702.78  | 1.29%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                                         | City of Horace, Series 2024 B                                                                                          | CUSIP: 440365JC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750971.43   | 0.20%             | 2026-08-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                                         | City of Horace, Series 2024 C                                                                                          | CUSIP: 440365JD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $386357.70    | 0.04%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                                         | City of Horace, Series 2024 C                                                                                          | CUSIP: 440365JE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $409993.96    | 0.05%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                                         | City of Horace, Series 2024 C                                                                                          | CUSIP: 440365JF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $495396.79    | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                                                        | City of Houston, Series 2018 D                                                                                         | CUSIP: 44244CSL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019922.10   | 0.12%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ibis Landing Community Development District                                                               | Ibis Landing Community Development District, Series 2025                                                               | CUSIP: 451075AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $493481.34    | 0.06%             | 2035-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                | Illinois Finance Authority, Series 2015 A                                                                              | CUSIP: 45203HU34<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    590000 | PA      | $590448.16    | 0.07%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                | Illinois Finance Authority, Series 2019                                                                                | CUSIP: 45204E2L1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1454744.55   | 0.16%             | 2034-11-01      | Floating      | 3.72%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FMW2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    847485 | PA      | $0.00         | 0.00%             | 2027-05-15      | Fixed         | 4.00%                 | No            |                  3 | On Loan: No      |
| Illinois Finance Authority                                                                                | Illinois Finance Authority, Series 2024                                                                                | CUSIP: 45204FXJ9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    340000 | PA      | $340589.05    | 0.04%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                | Illinois Finance Authority, Series 2024                                                                                | CUSIP: 45204FXK6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $409115.44    | 0.05%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                                                | Illinois Finance Authority, Series 2024                                                                                | CUSIP: 45204FXL4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $415788.80    | 0.05%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois, Series 2018 A                                                                                       | CUSIP: 4521522M2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    375000 | PA      | $399239.70    | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois, Series 2018 B                                                                                       | CUSIP: 4521523D1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    625000 | PA      | $662251.56    | 0.07%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois, Series 2019 B                                                                                       | CUSIP: 4521525K3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    375000 | PA      | $407724.34    | 0.05%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois, Series 2016                                                                                         | CUSIP: 452152H20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    750000 | PA      | $767440.05    | 0.09%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois, Series 2017 C                                                                                       | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2082422.20   | 0.24%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois, Series 2017 D                                                                                       | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5025000 | PA      | $5242895.56   | 0.59%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                                         | State of Illinois, Series 2025 A                                                                                       | CUSIP: 452153NA3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8200000 | PA      | $8209850.66   | 0.93%             | 2026-09-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                                                       | State of Illinois, Series 2021 A                                                                                       | CUSIP: 452227RM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528918.50   | 0.17%             | 2027-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                 | Indiana Finance Authority, Series 2013 E                                                                               | CUSIP: 455054BN5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5066325.50   | 0.57%             | 2037-05-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                 | Indiana Finance Authority, Series 2025 B                                                                               | CUSIP: 45506EMZ3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    785000 | PA      | $834626.92    | 0.09%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                 | Indiana Finance Authority, Series 2025 B                                                                               | CUSIP: 45506ENA7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    875000 | PA      | $940515.80    | 0.11%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                 | Indiana Finance Authority, Series 2025 B                                                                               | CUSIP: 45506ENB5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    920000 | PA      | $997065.18    | 0.11%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                 | Indiana Finance Authority, Series 2025 B                                                                               | CUSIP: 45506ENC3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    965000 | PA      | $1053579.09   | 0.12%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                 | Indiana Finance Authority, Series 2025 B                                                                               | CUSIP: 45506END1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1113086.45   | 0.13%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                                 | Indiana Finance Authority, Series 2025 B                                                                               | CUSIP: 45506ENE9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    535000 | PA      | $587894.38    | 0.07%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                                                      | Iowa Higher Education Loan Authority, Series 2025                                                                      | CUSIP: 46247DAX5<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1467383.85   | 0.17%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                                                      | Iowa Higher Education Loan Authority, Series 2025                                                                      | CUSIP: 46247DBC0<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2262709.03   | 0.26%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                                    | Iowa Finance Authority, Series 2021 B                                                                                  | CUSIP: 46247SBP8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1489536.45   | 0.17%             | 2056-05-15      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                                    | Iowa Finance Authority, Series 2023 B                                                                                  | CUSIP: 46247SFC3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    640000 | PA      | $666618.50    | 0.08%             | 2028-05-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Jacksonville Transportation Authority                                                                     | Jacksonville Transportation Authority, Series 2020                                                                     | CUSIP: 469494BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1961735.57   | 0.22%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                                                      | County of Jefferson, Series 2024                                                                                       | CUSIP: 472682ZC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2887850.50   | 0.33%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jersey City Municipal Utilities Authority                                                                 | Jersey City Municipal Utilities Authority, Series 2025 A                                                               | CUSIP: 476624DQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004316.70   | 0.11%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                                                        | Kaufman County Fresh Water Supply District No. 1-D, Series 2021                                                        | CUSIP: 48618TAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $148411.08    | 0.02%             | 2026-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                                                        | Kaufman County Fresh Water Supply District No. 1-D, Series 2021                                                        | CUSIP: 48618TAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $150168.74    | 0.02%             | 2027-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                                                        | Kaufman County Fresh Water Supply District No. 1-D, Series 2024                                                        | CUSIP: 48618TBQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $403772.02    | 0.05%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                                                        | Kaufman County Fresh Water Supply District No. 1-D, Series 2024                                                        | CUSIP: 48618TBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $521891.71    | 0.06%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Energy Agency                                                                          | Kentucky Municipal Energy Agency, Series 2025                                                                          | CUSIP: 491499AF6<br>LEI: 254900W8G3M70YHUAO94 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $3322866.93   | 0.38%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Energy Agency                                                                          | Kentucky Municipal Energy Agency, Series 2025                                                                          | CUSIP: 491499AG4<br>LEI: 254900W8G3M70YHUAO94 | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3521108.60   | 0.40%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                                             | Kentucky State Property & Building Commission, Series A                                                                | CUSIP: 49151F4U1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5715000 | PA      | $6673176.90   | 0.75%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Keys Edge Community Development District                                                                  | Keys Edge Community Development District, Series 2024                                                                  | CUSIP: 49333FAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $412223.26    | 0.05%             | 2031-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Kindred Community Development District II                                                                 | Kindred Community Development District II, Series 2021                                                                 | CUSIP: 494581AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $230590.20    | 0.03%             | 2031-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Auburn School District No. 408 of King & Pierce Counties                                                  | Auburn School District No. 408 of King & Pierce Counties, Series 2018                                                  | CUSIP: 494619EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1785639.37   | 0.20%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kingman Gate Community Development District                                                               | Kingman Gate Community Development District, Series 2021                                                               | CUSIP: 495742AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251268.68    | 0.03%             | 2031-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Lake County Consolidated High School District No. 120 Mundelein                                           | Lake County Consolidated High School District No. 120 Mundelein, Series 2026                                           | CUSIP: 509156JC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522251.40    | 0.06%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake County Consolidated High School District No. 120 Mundelein                                           | Lake County Consolidated High School District No. 120 Mundelein, Series 2026                                           | CUSIP: 509156JD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534388.20    | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake County Consolidated High School District No. 120 Mundelein                                           | Lake County Consolidated High School District No. 120 Mundelein, Series 2026                                           | CUSIP: 509156JK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $877646.93    | 0.10%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakes by the Bay South Community Development District                                                     | Lakes by the Bay South Community Development District, Series 2024                                                     | CUSIP: 51206QAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $711877.95    | 0.08%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                       | Lakewood Ranch Stewardship District, Series 2024                                                                       | CUSIP: 51265KFR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $133675.06    | 0.02%             | 2031-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                       | Lakewood Ranch Stewardship District, Series 2025                                                                       | CUSIP: 51265KGB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $460524.77    | 0.05%             | 2035-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                                                       | Lakewood Ranch Stewardship District, Series 2025                                                                       | CUSIP: 51265KGE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1517139.69   | 0.17%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Laramie WY                                                                                      | County of Laramie, Series 2021                                                                                         | CUSIP: 516706CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $558559.98    | 0.06%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                                          | City of Lavon, Series 2025                                                                                             | CUSIP: 51946PCJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $614511.60    | 0.07%             | 2032-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lawton Industrial Development Authority                                                                   | Lawton Industrial Development Authority, Series 2026 A                                                                 | CUSIP: 521005BB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $171861.56    | 0.02%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lawton Industrial Development Authority                                                                   | Lawton Industrial Development Authority, Series 2026 A                                                                 | CUSIP: 521005BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $227417.48    | 0.03%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lawton Industrial Development Authority                                                                   | Lawton Industrial Development Authority, Series 2026 A                                                                 | CUSIP: 521005BD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $169222.26    | 0.02%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lawton Industrial Development Authority                                                                   | Lawton Industrial Development Authority, Series 2026 B                                                                 | CUSIP: 521005BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502594.70    | 0.06%             | 2035-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lawton Industrial Development Authority                                                                   | Lawton Industrial Development Authority, Series 2026 B                                                                 | CUSIP: 521005BR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501362.15    | 0.06%             | 2036-07-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Lawton Industrial Development Authority                                                                   | Lawton Industrial Development Authority, Series 2026 B                                                                 | CUSIP: 521005BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $752283.30    | 0.09%             | 2037-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                                            | Lee County Industrial Development Authority, Series 2024 B-3                                                           | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3022244.40   | 0.34%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Lee County Housing Finance Authority                                                                      | Lee County Housing Finance Authority, Series 2023 B                                                                    | CUSIP: 52349HBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4004545.20   | 0.45%             | 2028-07-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Lehigh County Industrial Development Authority                                                            | Lehigh County Industrial Development Authority, Series 2016 B                                                          | CUSIP: 524808BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5019280.50   | 0.57%             | 2027-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Leomas Landing Community Development District                                                             | Leomas Landing Community Development District, Series 2021                                                             | CUSIP: 526400AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $103828.32    | 0.01%             | 2031-05-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Town of Little Elm TX                                                                                     | Town of Little Elm, Series 2021                                                                                        | CUSIP: 537098BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    117000 | PA      | $116343.36    | 0.01%             | 2026-09-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                                                         | Long Beach Bond Finance Authority, Series 2007 B                                                                       | CUSIP: 54241ABC6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   6125000 | PA      | $6204019.24   | 0.70%             | 2027-11-15      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                                                    | City of Los Angeles, Series 2025                                                                                       | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7565409.00   | 0.85%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                                                   | Los Angeles Department of Water & Power, Series 2025 A                                                                 | CUSIP: 544532PA6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4196366.40   | 0.47%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                          | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2023, Class A-1          | CUSIP: 54627RAR1<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1167397 | PA      | $1193005.29   | 0.13%             | 2031-06-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                                     | Louisiana Public Facilities Authority, Series 2025 B                                                                   | CUSIP: 546399UQ7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4380378.00   | 0.49%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                                                                     | Louisiana Offshore Terminal Authority, Series 2007 A                                                                   | CUSIP: 546510FS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528395.90   | 0.17%             | 2027-09-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| City of Lowry Crossing TX                                                                                 | City of Lowry Crossing, Series 2025                                                                                    | CUSIP: 54877WAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $312143.22    | 0.04%             | 2035-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                             | Main Street Natural Gas, Inc., Series 2021 A                                                                           | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8050000 | PA      | $8211833.18   | 0.93%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                             | Main Street Natural Gas, Inc., Series 2022 C                                                                           | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15129460.50  | 1.71%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                             | Main Street Natural Gas, Inc., Series 2022 A                                                                           | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4659920.55   | 0.53%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                                             | Main Street Natural Gas, Inc., Series 2023 D                                                                           | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4295528.80   | 0.49%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Governmental Facilities Authority                                                                   | Maine Governmental Facilities Authority, Series 2025 A                                                                 | CUSIP: 56041MXW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $711277.00    | 0.08%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Governmental Facilities Authority                                                                   | Maine Governmental Facilities Authority, Series 2025 A                                                                 | CUSIP: 56041MXX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $625668.84    | 0.07%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manor TX                                                                                          | City of Manor, Series 2025                                                                                             | CUSIP: 564099AZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181894.05    | 0.02%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                                          | Maricopa County Industrial Development Authority, Series 2024                                                          | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11630000 | PA      | $12556807.49  | 1.42%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                                         | State of Maryland, Series 2017 B                                                                                       | CUSIP: 574193PE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30366.13     | 0.00%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                                                 | Maryland Health & Higher Educational Facilities Authority, Series 2020 B-2                                             | CUSIP: 57421CAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5110000 | PA      | $5202374.49   | 0.59%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp.                                                                       | Maryland Economic Development Corp., Series 2022 A                                                                     | CUSIP: 57422JBH0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10056432.00  | 1.14%             | 2028-11-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                                                      | Massachusetts Housing Finance Agency, Series 2022 C-3                                                                  | CUSIP: 57587GRC1<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   4580000 | PA      | $4584046.43   | 0.52%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Department of Transportation                                                                | Massachusetts Department of Transportation, Series 1997 A                                                              | CUSIP: 576018AL9<br>LEI: 549300CGDCL8XZK3KN03 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1869189.40   | 0.21%             | 2029-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                                     | Metropolitan Transportation Authority, Series 2025 B                                                                   | CUSIP: 59261A5R4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3059341.80   | 0.35%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                                               | Metropolitan Washington Airports Authority, Series 2025 A                                                              | CUSIP: 592647NH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1162778.53   | 0.13%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                                                  | County of Miami-Dade, Series 2024 A                                                                                    | CUSIP: 59333P7D4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4826830.67   | 0.55%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                                                | Michigan Finance Authority, Series 2016                                                                                | CUSIP: 59447TMC4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2032454.00   | 0.23%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                                   | Michigan Strategic Fund, Series 2005                                                                                   | CUSIP: 594698EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5915000 | PA      | $5815046.56   | 0.66%             | 2035-04-01      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Middleton Community Development District A                                                                | Middleton Community Development District A, Series 2022                                                                | CUSIP: 596681AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202274.66    | 0.02%             | 2027-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                                                    | City of Minneapolis, Series 2018 C                                                                                     | CUSIP: 60374VEJ8<br>LEI: 54930069TEI1INHRHS55 | Long             | STIV             | MUN               | US        |   4200000 | PA      | $4200000.00   | 0.47%             | 2048-11-15      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| Minnesota Municipal Gas Agency                                                                            | Minnesota Municipal Gas Agency, Series 2022 B                                                                          | CUSIP: 60406UAN7<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7997203.20   | 0.90%             | 2052-12-01      | Floating      | 3.46%                 | No            |                  2 | On Loan: No      |
| Minnesota Health & Education Facilities Authority                                                         | Minnesota Health & Education Facilities Authority, Series 2019                                                         | CUSIP: 60416JBQ2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014537.60   | 0.11%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                                                           | Minnesota Higher Education Facilities Authority, Series 2019                                                           | CUSIP: 60416JBR0<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040084.30   | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp.                                                                        | Mississippi Business Finance Corp., Series 2004                                                                        | CUSIP: 60527MAQ2<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2470446.25   | 0.28%             | 2029-03-01      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                                                        | Missouri Development Finance Board, Series 2021                                                                        | CUSIP: 60636SHL1<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |    405000 | PA      | $405000.00    | 0.05%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                                                        | Missouri Development Finance Board, Series 2021                                                                        | CUSIP: 60636SHM9<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |    660000 | PA      | $670127.17    | 0.08%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                                        | Health & Educational Facilities Authority of the State of Missouri, Series 2000 C                                      | CUSIP: 606901WT9<br>LEI: 549300IWTBCMX5JB3277 | Long             | STIV             | MUN               | US        |   1300000 | PA      | $1300000.00   | 0.15%             | 2040-03-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County (The)                                                              | Development Authority of Monroe County (The), Series 2009                                                              | CUSIP: 610530FU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1982256.60   | 0.22%             | 2049-07-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County (The)                                                              | Development Authority of Monroe County (The), Series 2006                                                              | CUSIP: 610530FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500466.20   | 0.40%             | 2041-12-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing                                                                                  | Montana Board of Housing, Series 2025                                                                                  | CUSIP: 61212VAZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001192.20   | 0.11%             | 2028-12-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                                                     | Montgomery County Industrial Development Authority, Series 2023 A                                                      | CUSIP: 61361TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5129408.00   | 0.58%             | 2053-04-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| City of Mounds View MN                                                                                    | City of Mounds View, Series 2024                                                                                       | CUSIP: 620646AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5542870.85   | 0.63%             | 2046-03-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                                  | New Hampshire Business Finance Authority, Series 2024-3, Class A                                                       | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990149 | PA      | $1021694.01   | 0.12%             | 2041-10-20      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                                                         | New Hampshire Municipal Bond Bank, Series 2025 B                                                                       | CUSIP: 64465QTD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562572.80   | 0.18%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                 | New Jersey Economic Development Authority, Series 2019                                                                 | CUSIP: 64577B6L3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6271752.00   | 0.71%             | 2027-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                                 | New Jersey Economic Development Authority, Series 2019 B                                                               | CUSIP: 645780FM4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7193703.75   | 0.81%             | 2039-10-01      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                            | New Jersey Transportation Trust Fund Authority, Series 2006 C                                                          | CUSIP: 646136EP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9818744.00   | 1.11%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                            | New Jersey Transportation Trust Fund Authority, Series 2006 C                                                          | CUSIP: 646136TM3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  11110000 | PA      | $10678893.12  | 1.21%             | 2027-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                            | New Jersey Transportation Trust Fund Authority, Series 2023 AA                                                         | CUSIP: 64613CDH8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4067726.25   | 0.46%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                            | New Jersey Transportation Trust Fund Authority, Series 2024 A                                                          | CUSIP: 64613CEN4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2931711.25   | 0.33%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Sewerage Service Revenue                                                           | City of New Orleans, Series 2020 B                                                                                     | CUSIP: 647719PD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $452709.90    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Sewerage Service Revenue                                                           | City of New Orleans, Series 2020 B                                                                                     | CUSIP: 647719PE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $618429.78    | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA Sewerage Service Revenue                                                           | City of New Orleans, Series 2020 B                                                                                     | CUSIP: 647719PF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $579150.50    | 0.07%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                                                        | New York Liberty Development Corp., Series 2021 A                                                                      | CUSIP: 649519DJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $746350.02    | 0.08%             | 2027-11-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                                       | City of New York, Series 2020 B-3                                                                                      | CUSIP: 64966MU98<br>LEI: 549300ABYZD2SFD5JB29 | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.56%             | 2046-10-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                                       | City of New York, Series 2014 I-3                                                                                      | CUSIP: 64966SMQ6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | STIV             | MUN               | US        |  12000000 | PA      | $12000000.00  | 1.36%             | 2044-03-01      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                                               | New York City Industrial Development Agency, Series 2020 A                                                             | CUSIP: 64971PKD6<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4909966.00   | 0.55%             | 2036-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                                           | New York City Municipal Water Finance Authority, Series 2017 BB-1B                                                     | CUSIP: 64972GMK7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | STIV             | MUN               | US        |  12000000 | PA      | $12000000.00  | 1.36%             | 2049-06-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                                           | New York City Municipal Water Finance Authority, Series 2022 DD                                                        | CUSIP: 64972GZW7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | STIV             | MUN               | US        |   3900000 | PA      | $3900000.00   | 0.44%             | 2033-06-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                                              | New York City Transitional Finance Authority, Series 2025 D                                                            | CUSIP: 64972JMR6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    270000 | PA      | $271289.66    | 0.03%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                                              | New York City Transitional Finance Authority, Series 2025 F-1                                                          | CUSIP: 64972JQA9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2351131.80   | 0.27%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                                                    | New York State Energy Research & Development Authority, Series 1994 D                                                  | CUSIP: 649845HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3064221.00   | 0.35%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                                     | New York State Housing Finance Agency, Series 2025 A-2                                                                 | CUSIP: 64987J2X8<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4041518.00   | 0.46%             | 2064-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                                                     | New York State Housing Finance Agency, Series 2022 A-2                                                                 | CUSIP: 64987JSF9<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1883873.34   | 0.21%             | 2060-11-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                 | New York Transportation Development Corp., Series 2018                                                                 | CUSIP: 650116CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7195000 | PA      | $7401728.90   | 0.84%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                 | New York Transportation Development Corp., Series 2025                                                                 | CUSIP: 650116HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2284601.60   | 0.26%             | 2037-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                 | New York Transportation Development Corp., Series 2025                                                                 | CUSIP: 650116JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1834580.96   | 0.21%             | 2038-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                                                 | New York Transportation Development Corp., Series 2025                                                                 | CUSIP: 650116JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2360554.77   | 0.27%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ                                                                                         | City of Newark, Series 2025 B                                                                                          | CUSIP: 650367TD7<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4011771.60   | 0.45%             | 2026-05-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                                                          | North Carolina Capital Facilities Finance Agency, Series 2021 A                                                        | CUSIP: 65818PNV7<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    850000 | PA      | $858958.66    | 0.10%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                                    | North Carolina Medical Care Commission, Series 2025 B-3                                                                | CUSIP: 65820YVJ2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1144454.66   | 0.13%             | 2029-10-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| North Carolina State University at Raleigh                                                                | North Carolina State University at Raleigh, Series 2018                                                                | CUSIP: 658289G23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3049730.40   | 0.34%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State University at Raleigh                                                                | North Carolina State University at Raleigh, Series 2018                                                                | CUSIP: 658289G31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1567514.40   | 0.18%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                                               | Ohio Housing Finance Agency, Series 2023 B                                                                             | CUSIP: 676900WK5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.34%             | 2026-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                                               | Ohio Housing Finance Agency, Series 2025                                                                               | CUSIP: 676900XP3<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1215660.84   | 0.14%             | 2047-11-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                                                    | Ohio Air Quality Development Authority, Series 2022 A                                                                  | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7623737.25   | 0.86%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                                                    | Ohio Air Quality Development Authority, Series 2014 D                                                                  | CUSIP: 677525WY9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500833.35   | 0.40%             | 2026-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                                                   | State of Oregon Housing & Community Services Department, Series 2024 R                                                 | CUSIP: 68608ENL2<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5120577.00   | 0.58%             | 2048-01-10      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Oxnard School District                                                                                    | Oxnard School District, Series 2026                                                                                    | CUSIP: 692020Z94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1310961.90   | 0.15%             | 2031-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                                                    | Patriots Energy Group Financing Agency, Series 2023 A-1                                                                | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   3535000 | PA      | $3887244.72   | 0.44%             | 2054-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Special Care Facilities Financing Authority of the City of Pell City Alabama                              | Special Care Facilities Financing Authority of the City of Pell City Alabama, Series 2021 A                            | CUSIP: 705888BW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1047270.11   | 0.12%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                                     | Pennsylvania Economic Development Financing Authority, Series 2013                                                     | CUSIP: 708692BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500305.70   | 0.17%             | 2045-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                                     | Pennsylvania Economic Development Financing Authority, Series 2021 B                                                   | CUSIP: 708692BU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3947028.80   | 0.45%             | 2031-06-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                                     | Pennsylvania Economic Development Financing Authority, Series 2017 A                                                   | CUSIP: 70870JAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1280922.00   | 0.14%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                                     | Pennsylvania Economic Development Financing Authority, Series 2025 A                                                   | CUSIP: 70870JGY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8200000 | PA      | $9026100.80   | 1.02%             | 2060-03-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                                                       | Pennsylvania Housing Finance Agency, Series 2025-149 A                                                                 | CUSIP: 70879QS87<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    300000 | PA      | $308293.35    | 0.03%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                                                       | Pennsylvania Housing Finance Agency, Series 2025-149 A                                                                 | CUSIP: 70879QS95<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    300000 | PA      | $311408.43    | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pflugerville TX                                                                                   | City of Pflugerville, Series 2025                                                                                      | CUSIP: 717088CP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1703808.48   | 0.19%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pine Isle Community Development District                                                                  | Pine Isle Community Development District, Series 2021                                                                  | CUSIP: 72265AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230511.43    | 0.03%             | 2031-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Poitras East Community Development District                                                               | Poitras East Community Development District, Series 2023                                                               | CUSIP: 73086BAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302830.59    | 0.03%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                                                        | Port of Seattle, Series 2018 B                                                                                         | CUSIP: 735389F52<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    880000 | PA      | $904735.57    | 0.10%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Preserve at South Branch Community Development District                                                   | Preserve at South Branch Community Development District, Series 2021                                                   | CUSIP: 74082PAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350571.66    | 0.04%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                                                       | Prosper Independent School District, Series 2019 B                                                                     | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1612188.48   | 0.18%             | 2050-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                          | Kentucky Public Energy Authority, Series 2022 A-2                                                                      | CUSIP: 74440DDT8<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |  14125000 | PA      | $14206242.76  | 1.61%             | 2052-08-01      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                                          | Kentucky Public Energy Authority, Series 2025 B                                                                        | CUSIP: 74440DFQ2<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5331569.50   | 0.60%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                  | Public Finance Authority, Series 2025 A-1                                                                              | CUSIP: 74441XJD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2293329.32   | 0.26%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                  | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74442EGM6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150049.37    | 0.02%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                  | Public Finance Authority, Series 2026                                                                                  | CUSIP: 74442PV44<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1670933.80   | 0.19%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                  | Public Finance Authority, Series 2026                                                                                  | CUSIP: 74443DMT5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    820000 | PA      | $870727.82    | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                  | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444VBG4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301882.08    | 0.03%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                  | Public Finance Authority, Series 2023-1, Class B-1                                                                     | CUSIP: 74448AAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2388511.71   | 0.27%             | 2034-07-25      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFH6<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    450000 | PA      | $460862.96    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                                                         | City of Quincy, Series 2025                                                                                            | CUSIP: 748508Y93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4041226.00   | 0.46%             | 2026-07-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reno County Unified School District No. 308 Hutchinson                                                    | Reno County Unified School District No. 308 Hutchinson, Series 2019                                                    | CUSIP: 759804GB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1635119.33   | 0.18%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                                        | Rhode Island Health and Educational Building Corp., Series 2016                                                        | CUSIP: 762244FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $467586.75    | 0.05%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp.                                                        | Rhode Island Health and Educational Building Corp., Series 2026 B                                                      | CUSIP: 762244PD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2217105.20   | 0.25%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhodine Road North Community Development District                                                         | Rhodine Road North Community Development District, Series 2022                                                         | CUSIP: 762402AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $194151.79    | 0.02%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Richland SC                                                                                     | County of Richland, Series 2021                                                                                        | CUSIP: 76363RAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $207703.25    | 0.02%             | 2026-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                                                 | River Hall Community Development District, Series 2021 A-1                                                             | CUSIP: 768247AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $219803.94    | 0.02%             | 2026-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                                                      | City of Rochester, Series 2025 D                                                                                       | CUSIP: 771902HS5<br>LEI: 549300006EX3INSHXA95 | Long             | STIV             | MUN               | US        |  16000000 | PA      | $16000000.00  | 1.81%             | 2064-11-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                                                  | Development Authority of Rockdale County, Series 2025 A-1                                                              | CUSIP: 77300QAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $492213.52    | 0.06%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Roswell Development Authority                                                                             | Roswell Development Authority, Series 2025 A                                                                           | CUSIP: 77853AAA1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2047-04-01      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| Parish of St. John the Baptist                                                                            | Parish of St. John the Baptist, Series 2017 C                                                                          | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5088180.00   | 0.57%             | 2037-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| St. Johns County Housing Finance Authority                                                                | St. Johns County Housing Finance Authority, Series 2023 B                                                              | CUSIP: 79039AAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002356.50   | 0.11%             | 2028-12-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                                                 | City of Salt Lake City, Series 2023 A                                                                                  | CUSIP: 795576LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $784381.56    | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                                                | San Antonio Independent School District, Series 2025                                                                   | CUSIP: 796269N38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2912517.89   | 0.33%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No. 186 Springfield                                                       | Sangamon County School District No. 186 Springfield, Series 2020 C                                                     | CUSIP: 800766LV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1606044.73   | 0.18%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Fe NM                                                                                     | County of Santa Fe, Series 2024                                                                                        | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3734146.93   | 0.42%             | 2049-12-10      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| Shingle Creek at Bronson Community Development District                                                   | Shingle Creek at Bronson Community Development District, Series 2021                                                   | CUSIP: 82459NAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500239.80    | 0.06%             | 2031-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Sierra View Local Health Care District                                                                    | Sierra View Local Health Care District, Series 2020                                                                    | CUSIP: 82650PDG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $240949.87    | 0.03%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                                                   | South Carolina Public Service Authority, Series 2024 A                                                                 | CUSIP: 8371513K3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    675000 | PA      | $689099.06    | 0.08%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                                                   | South Carolina Public Service Authority, Series 2024 A                                                                 | CUSIP: 8371513L1<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    525000 | PA      | $550521.77    | 0.06%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                                                   | South Carolina Public Service Authority, Series 2024 A                                                                 | CUSIP: 8371513M9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $537462.50    | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                                                   | South Carolina Public Service Authority, Series 2024 A                                                                 | CUSIP: 8371513N7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    550000 | PA      | $603784.06    | 0.07%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                                                   | South Carolina Public Service Authority, Series 2024 A                                                                 | CUSIP: 8371513P2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    675000 | PA      | $756108.88    | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                                                   | South Carolina Public Service Authority, Series 2024 A                                                                 | CUSIP: 8371514F3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3227123.40   | 0.36%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                                                   | South Carolina Public Service Authority, Series 2025 B                                                                 | CUSIP: 8371515Z8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $804739.13    | 0.09%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Creek Community Development District                                                                | South Creek Community Development District, Series 2021                                                                | CUSIP: 837512AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $172719.03    | 0.02%             | 2031-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                                                    | South Dakota Health & Educational Facilities Authority, Series 2025 B-2                                                | CUSIP: 83755VZ23<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6508734.70   | 0.74%             | 2030-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                         | Southeast Energy Authority A Cooperative District, Series 2024 C                                                       | CUSIP: 84136HAA1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    400000 | PA      | $406087.48    | 0.05%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                         | Southeast Energy Authority A Cooperative District, Series 2024 C                                                       | CUSIP: 84136HAB9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    330000 | PA      | $341717.41    | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                                         | Southeast Energy Authority A Cooperative District, Series 2025 B                                                       | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1687796.15   | 0.19%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado                                     | Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado, Series 2025 A                                   | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3083014.83   | 0.35%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spokane County School District No. 354 Mead                                                               | Spokane County School District No. 354 Mead, Series 2018                                                               | CUSIP: 848780SV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1177758.01   | 0.13%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Spokane County School District No. 354 Mead                                                               | Spokane County School District No. 354 Mead, Series 2018                                                               | CUSIP: 848780SW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1570280.40   | 0.18%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Storey Park Community Development District                                                                | Storey Park Community Development District, Series 2021                                                                | CUSIP: 86216RAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $169425.35    | 0.02%             | 2031-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| County of Suffolk NY                                                                                      | County of Suffolk, Series 2018 B                                                                                       | CUSIP: 86476PYE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4205000 | PA      | $4250704.99   | 0.48%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Summerstone Community Development District                                                                | Summerstone Community Development District, Series 2020                                                                | CUSIP: 865711AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $166094.56    | 0.02%             | 2030-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                                                | Tarrant County Cultural Education Facilities Finance Corp., Series 2025 B                                              | CUSIP: 87638TJT1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7846860.60   | 0.89%             | 2064-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                                            | Tennergy Corp., Series 2022 A                                                                                          | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   8010000 | PA      | $8730684.53   | 0.99%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp.                                                                        | Tennessee Energy Acquisition Corp., Series 2023 A-1                                                                    | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  14560000 | PA      | $15210482.56  | 1.72%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                                                        | State of Tennessee, Series 2023 A                                                                                      | CUSIP: 880541H59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6670000 | PA      | $7611041.62   | 0.86%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. IV                                                         | Texas Municipal Gas Acquisition & Supply Corp. IV, Series 2023 A                                                       | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5380854.50   | 0.61%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                                             | Central Texas Turnpike System, Series 2002 A                                                                           | CUSIP: 882762FG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3280000 | PA      | $3165101.93   | 0.36%             | 2027-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                                                      | Triborough Bridge & Tunnel Authority, Series 2025 B-1                                                                  | CUSIP: 89602HJA6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3607425.15   | 0.41%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                                                      | County of Trimble, Series 2023 A                                                                                       | CUSIP: 896221AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2542626.75   | 0.29%             | 2054-06-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                                                      | County of Trimble, Series 2001 A                                                                                       | CUSIP: 896224BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3336502.39   | 0.38%             | 2026-09-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Town of Trophy Club TX Public Improvement District No. 1                                                  | Town of Trophy Club, Series 2025                                                                                       | CUSIP: 89706PAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $606053.84    | 0.07%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp.                                                                               | Troy Capital Resource Corp., Series 2020 A                                                                             | CUSIP: 897579BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $796142.18    | 0.09%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Hawaii                                                                                      | University of Hawaii, Series 2020 B                                                                                    | CUSIP: 91428LNE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2865000 | PA      | $2909985.94   | 0.33%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Hawaii                                                                                      | University of Hawaii, Series 2020 D                                                                                    | CUSIP: 91428LNX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4360000 | PA      | $4428460.28   | 0.50%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                                                | Utah Infrastructure Agency, Series 2022                                                                                | CUSIP: 917467CF7<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    300000 | PA      | $309450.72    | 0.03%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                                               | Vancouver Housing Authority, Series 2024 A                                                                             | CUSIP: 92162PAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1479443.84   | 0.17%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                                               | Vancouver Housing Authority, Series 2024 B                                                                             | CUSIP: 92162PAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1068682.93   | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                                               | Vancouver Housing Authority, Series 2024 A                                                                             | CUSIP: 92162PAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1656696.71   | 0.19%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                                               | Vancouver Housing Authority, Series 2026 A                                                                             | CUSIP: 92162PAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $844927.36    | 0.10%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                                             | Village Community Development District No. 15, Series 2024                                                             | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $743658.23    | 0.08%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Villamar Community Development District                                                                   | Villamar Community Development District, Series 2020                                                                   | CUSIP: 92715KAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $240819.10    | 0.03%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp.                                                      | Virgin Islands Transportation & Infrastructure Corp., Series 2025                                                      | CUSIP: 927686AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    800000 | PA      | $808973.52    | 0.09%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Transportation & Infrastructure Corp.                                                      | Virgin Islands Transportation & Infrastructure Corp., Series 2025                                                      | CUSIP: 927686AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |    640000 | PA      | $660605.12    | 0.07%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                                               | Virginia Small Business Financing Authority, Series 2021                                                               | CUSIP: 928103AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $234834.14    | 0.03%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                                               | Virginia Small Business Financing Authority, Series 2022                                                               | CUSIP: 928104NE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $184528.42    | 0.02%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                                               | Virginia Small Business Financing Authority, Series 2022                                                               | CUSIP: 928104NF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1800112.83   | 0.20%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                                             | Volusia County Educational Facility Authority, Series 2025                                                             | CUSIP: 928836PM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $666906.63    | 0.08%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                                             | Volusia County Educational Facility Authority, Series 2025                                                             | CUSIP: 928836PN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $873099.12    | 0.10%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                                               | Washington Health Care Facilities Authority, Series 2017                                                               | CUSIP: 93978HSE6<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517323.50   | 0.17%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                                               | Washington Health Care Facilities Authority, Series 2021                                                               | CUSIP: 93978HXY6<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    280000 | PA      | $310808.88    | 0.04%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                               | Washington State Housing Finance Commission, Series 2023                                                               | CUSIP: 93978LGK6<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    410000 | PA      | $423974.60    | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                               | Washington State Housing Finance Commission, Series 2025 A                                                             | CUSIP: 93978LJA5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $551756.45    | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                               | Washington State Housing Finance Commission, Series 2025 A                                                             | CUSIP: 93978LJB3<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    750000 | PA      | $837270.90    | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                                               | Washington State Housing Finance Commission, Series 2025 A                                                             | CUSIP: 93978LJC1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129470.30   | 0.13%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                                                       | County of Washoe, Series 2016 F                                                                                        | CUSIP: 940865BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3695521.47   | 0.42%             | 2036-03-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                                            | Wayne County Airport Authority, Series 2017 E                                                                          | CUSIP: 944514YL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5055309.50   | 0.57%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                                                 | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $272669.18    | 0.03%             | 2027-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                                                        | City of Whiting, Series 2019 A                                                                                         | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5900000 | PA      | $5937565.89   | 0.67%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                       | Wisconsin Health & Educational Facilities Authority, Series 2021                                                       | CUSIP: 97712JDY6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    360000 | PA      | $362127.64    | 0.04%             | 2027-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                       | Wisconsin Health & Educational Facilities Authority, Series 2024 B-2                                                   | CUSIP: 97712JJH7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    455000 | PA      | $455162.71    | 0.05%             | 2028-08-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                       | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                                     | CUSIP: 97712JKF9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5332476.50   | 0.60%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                                                       | Wisconsin Health & Educational Facilities Authority, Series 2025 A                                                     | CUSIP: 97712JNN9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060444.10   | 0.12%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Worcester                                                                                         | City of Worcester                                                                                                      | CUSIP: 981306R96<br>LEI: 5493006DO0NOILRNNH68 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700565.60    | 0.08%             | 2026-03-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Youngstown State University                                                                               | Youngstown State University, Series 2021                                                                               | CUSIP: 987720EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $862234.31    | 0.10%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                                                | Philadelphia Gas Works Co., Series 16th A                                                                              | CUSIP: 71783MBH7<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    600000 | PA      | $606947.34    | 0.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Franklin Tax Free Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer