# EDGAR Filing Document

**Accession Number:** 0001426439
**File Stem:** 0000940400-25-014971
**Filing Date:** 2025-12
**Character Count:** 80897
**Document Hash:** 1e9cce180264850d8b2eefd3acb3a7c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014971.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000940400-25-014971

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New York Life Investments Active ETF Trust
- **CENTRAL INDEX KEY:** 0001426439

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22739
- **FILM NUMBER:** 251606656

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 576-5018

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NYLI MacKay Core Plus Bond ETF
- **DATE OF NAME CHANGE:** 20241203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** New York Life Investments Active ETF Trust
- **DATE OF NAME CHANGE:** 20240822

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IndexIQ Active ETF Trust
- **DATE OF NAME CHANGE:** 20080207

## Series and Classes Contracts Data

### NYLI MacKay Muni Insured ETF (Series ID: S000057660)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000184310 | NYLI MacKay Muni Insured ETF | MMIN            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** New York Life Investments Active ETF Trust

- **b. Investment Company Act file number:** 811-22739

- **c. CIK number of Registrant:** 0001426439

- **d. LEI of Registrant:** 549300VWZDQ61K9DOP39

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 888-474-7725

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

- **a. Name of Series:** NYLI MacKay Muni Insured ETF

- **b. EDGAR series identifier (if any):** S000057660

- **c. LEI of Series:** 549300DKQ8WAMSGPUT72

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**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:** $351906791.30

**Total Liabilities:** $2928241.78

**Net Assets:** $348978549.52

**Delayed Delivery Securities:** $2738500.00

**Cash Not Reported:** $495909.24

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 284.22156000 | **1-Year:** 3482.75385000 | **5-Year:** 52004.44838000 | **10-Year:** 227855.03730000 | **30-Year:** 10313.36809000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000184310 | 0.95%                | 3.14%                | 1.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $38049.53                | $1787091.96                                |
| Month 2  | $-488394.72              | $9794006.68                                |
| Month 3  | $-1505.30                | $4060132.89                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NORTHERN IL UNIV REVENUES          | Northern Illinois University                                                 | CUSIP: 665245ZL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $391794.92    | 0.11%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA     | Pennsylvania Higher Educational Facilities Authority                         | CUSIP: 70917RKC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $54561.50     | 0.02%             | 2027-07-01      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| ARISTA CO MET DIST                 | Arista Metropolitan District                                                 | CUSIP: 04041AAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2745663.94   | 0.79%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R     | Massachusetts Development Finance Agency                                     | CUSIP: 57585BPD4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3460000 | PA      | $3764142.30   | 1.08%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL TRANSPRTN REVE     | County of Osceola FL Transportation Revenue                                  | CUSIP: 688031FN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $489090.23    | 0.14%             | 2041-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST MUNI PWR AGY            | Indiana Municipal Power Agency                                               | CUSIP: 454898YV3<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |   3810000 | PA      | $4093006.04   | 1.17%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GADSDEN AL                         | City of Gadsden AL                                                           | CUSIP: 362460WM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2363061.54   | 0.68%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST TURNPIKE AUT     | North Carolina Turnpike Authority                                            | CUSIP: 65830RDE6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $1073084.00   | 0.31%             | 2053-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BUELLTON CA UNION SCH DIST         | Buellton Union School District                                               | CUSIP: 119097EG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $973549.71    | 0.28%             | 2034-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH       | Pittsburgh Water & Sewer Authority                                           | CUSIP: 725304WV7<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1573358.86   | 0.45%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY CA UNIF SCH DI     | Sacramento City Unified School District/CA                                   | CUSIP: 785870L61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $674685.90    | 0.19%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ PKG AUTH LEASE REVEN     | Newark Parking Authority/The                                                 | CUSIP: 650392AL7<br>LEI: 549300GCUIIQ6TYN0S75 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033471.10   | 0.30%             | 2051-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GTR ASHEVILLE REGL ARPT AUTH N     | Greater Asheville Regional Airport Authority                                 | CUSIP: 39160CBJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1498465.52   | 0.43%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI     | Washington State Housing Finance Commission                                  | CUSIP: 93978LJL1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3563553.35   | 1.02%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ASHEVILLE REGL ARPT AUTH N     | Greater Asheville Regional Airport Authority                                 | CUSIP: 39160CBN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1718073.63   | 0.49%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TOLEDO OH                          | City of Toledo OH                                                            | CUSIP: 889278ZV2<br>LEI: 549300I365GIDPR4BM68 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3301103.70   | 0.95%             | 2042-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OROVILLE CA UNION HIGH SCH DIS     | Oroville Union High School District                                          | CUSIP: 687255DK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1105529.41   | 0.32%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SNAKE RIVER SPORTING CLUB IMPT     | Snake River Sporting Club Improvement & Service District                     | CUSIP: 833021AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1167340.13   | 0.33%             | 2048-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE     | Chicago Midway International Airport                                         | CUSIP: 167562SE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2196808.40   | 0.63%             | 2042-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST           | Denton Independent School District                                           | CUSIP: 249002HG4<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2307310.80   | 0.66%             | 2039-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LEHIGH CNTY PA GEN PURPOSE HOS     | County of Lehigh PA                                                          | CUSIP: 52480GDZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1353876.15   | 0.39%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REV     | County of Miami-Dade Seaport Department                                      | CUSIP: 59335KDE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1423709.52   | 0.41%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOUNT HOUSTON ROAD TX MUNI UTI     | Mount Houston Road Municipal Utility District                                | CUSIP: 621645KP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $436666.19    | 0.13%             | 2040-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LA SALLE CNTY IL CMNTY UNIT SC     | La Salle County Community Unit School District No 2 Serena                   | CUSIP: 504396HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $2029932.72   | 0.58%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIROQUA WI AREA SCH DIST           | Viroqua Area School District                                                 | CUSIP: 92824CFE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1461614.72   | 0.42%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L     | New York Liberty Development Corp                                            | CUSIP: 649519FF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1454700.73   | 0.42%             | 2043-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CMNTY CLG DIS     | San Francisco Community College District                                     | CUSIP: 797683KJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3259779.90   | 0.93%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARK 70 CO MET DIST                | Park 70 Metropolitan District                                                | CUSIP: 70014RAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $444355.02    | 0.13%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI PWR AGY REVENUE      | Texas Municipal Power Agency                                                 | CUSIP: 882555ZT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1290288.63   | 0.37%             | 2035-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER      | New York Convention Center Development Corp                                  | CUSIP: 649451HS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $2883085.04   | 0.83%             | 2036-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX MUNI UTIL DI     | Fort Bend County Municipal Utility District No 134B                          | CUSIP: 34683LHW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $414438.28    | 0.12%             | 2042-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE     | Chicago Board of Education Dedicated Capital Improvement Tax                 | CUSIP: 167510BM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $794574.00    | 0.23%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES      | Chicago Transit Authority Sales Tax Receipts Fund                            | CUSIP: 16772PCF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4421656.60   | 1.27%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 489                              | CUSIP: 41423LCZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $427147.43    | 0.12%             | 2040-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA TRANSPRTN CO     | Riverside County Transportation Commission                                   | CUSIP: 76912DCG1<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   2592000 | PA      | $1946478.21   | 0.56%             | 2049-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANGAMON CNTY IL SCH DIST #186     | Sangamon County School District No 186 Springfield                           | CUSIP: 800766PY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5130000 | PA      | $5551967.12   | 1.59%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY TX MUNI UTILIT     | Montgomery County Municipal Utility District No 99                           | CUSIP: 61370WKN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1361230.54   | 0.39%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST UNIV REVENUE            | Alabama State University                                                     | CUSIP: 010632QN0<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2172363.00   | 0.62%             | 2045-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SHAWANO WI ELEC SYS REVENUE        | City of Shawano WI Electric System Revenue                                   | CUSIP: 820418AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1797811.27   | 0.52%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST PRIVATE ACTIVITY REVEN     | State of Ohio                                                                | CUSIP: 67759YAH0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001066.70   | 0.29%             | 2026-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OAK GROVE CA SCH DIST              | Oak Grove School District                                                    | CUSIP: 6712054E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $1553425.60   | 0.45%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VIRIDIAN TX MUNI MGMT DIST         | Viridian Municipal Management District                                       | CUSIP: 92823PKL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $736669.31    | 0.21%             | 2039-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE     | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576LC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2149654.16   | 0.62%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TWIN RIVERS CA UNIF SCH DIST       | Twin Rivers Unified School District                                          | CUSIP: 90171TDG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $984182.60    | 0.28%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DENTON TX INDEP SCH DIST           | Denton Independent School District                                           | CUSIP: 249002HH2<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2228095.20   | 0.64%             | 2040-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AUBREY TX SPL ASSMNT               | City of Aubrey TX                                                            | CUSIP: 050197BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049383.50   | 0.30%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRANDON SD WTR SURCHARGE REVEN     | City of Brandon SD Water Utility Revenue                                     | CUSIP: 10530AAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1481959.19   | 0.42%             | 2042-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 490                              | CUSIP: 41430ECZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $864899.36    | 0.25%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNT HOUSTON ROAD TX MUNI UTI     | Mount Houston Road Municipal Utility District                                | CUSIP: 621645KQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $443672.82    | 0.13%             | 2041-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAVANNAH GEORGIA CONVENTION CT     | Savannah Georgia Convention Center Authority                                 | CUSIP: 804828AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2582952.48   | 0.74%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JOLIET IL                          | City of Joliet IL                                                            | CUSIP: 479754NR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4025256.38   | 1.15%             | 2044-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST STWD CMNTYS DEVA     | California Statewide Communities Development Authority                       | CUSIP: 13078RJE1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2895000 | PA      | $2141951.15   | 0.61%             | 2054-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAINE HLTH & HGR EDUCTNL FACS      | Maine Health & Higher Educational Facilities Authority                       | CUSIP: 56042R8J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1307882.62   | 0.37%             | 2040-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A     | California Community Choice Financing Authority                              | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3818840.74   | 1.09%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING      | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70868YAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3891506.74   | 1.12%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MI PUBLIC SCHS        | Grand Rapids Public Schools                                                  | CUSIP: 386280PZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2121528.36   | 0.61%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH GREEN TRA     | New York Power Authority                                                     | CUSIP: 65000XBQ2<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131185.30   | 0.32%             | 2041-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OSCEOLA CNTY FL TRANSPRTN REVE     | County of Osceola FL Transportation Revenue                                  | CUSIP: 688031FL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $643220.75    | 0.18%             | 2040-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LAFAYETTE LA UTILITIES REVENUE     | City of Lafayette LA Utilities Revenue                                       | CUSIP: 506498C93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1587884.40   | 0.46%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHAWANO WI ELEC SYS REVENUE        | City of Shawano WI Electric System Revenue                                   | CUSIP: 820418AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1032016.17   | 0.30%             | 2043-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN NONPRO     | Idaho Housing & Finance Association                                          | CUSIP: 45129GKL8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    800000 | PA      | $819570.96    | 0.23%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE      | County of Cuyahoga OH                                                        | CUSIP: 2322655J3<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507309.00    | 0.15%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP      | Sales Tax Securitization Corp                                                | CUSIP: 79467BCX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1271959.56   | 0.36%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NE SCH DIST #10       | Elkhorn School District                                                      | CUSIP: 2593092S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1916597.40   | 0.55%             | 2045-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S WSTRN IL DEV AUTH REV            | Southwestern Illinois Development Authority                                  | CUSIP: 84552YRM5<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2938293.90   | 0.84%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX MUNI UTILITY     | Fort Bend County Municipal Utility District No 182                           | CUSIP: 34682BDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $521456.81    | 0.15%             | 2036-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CASTLE OAKS CO MET DIST #3         | Castle Oaks Metropolitan District No 3                                       | CUSIP: 14846XAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2895730.50   | 0.83%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WORCESTER MA                       | City of Worcester MA                                                         | CUSIP: 981306ZA4<br>LEI: 5493006DO0NOILRNNH68 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $896630.00    | 0.26%             | 2034-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| KANKAKEE IL                        | City of Kankakee IL                                                          | CUSIP: 484404YN2<br>LEI: 549300Z3ZVLSXELVAS52 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100059.18   | 0.32%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CA UNIF SCH DIST YO     | Washington Unified School District/Yolo County CA                            | CUSIP: 937411FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1078947.21   | 0.31%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE     | Chicago Board of Education Dedicated Capital Improvement Tax                 | CUSIP: 167510AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1918347.73   | 0.55%             | 2035-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R     | Massachusetts Development Finance Agency                                     | CUSIP: 57584YD22<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1538336.87   | 0.44%             | 2045-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP     | Great Lakes Water Authority Water Supply System Revenue                      | CUSIP: 39081JBG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2485294.52   | 0.71%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NASSAU CNTY NY                     | County of Nassau NY                                                          | CUSIP: 63165T3C7<br>LEI: 549300ICRCGQYCPS7T40 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1555754.59   | 0.45%             | 2047-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LAZY NINE TX MUNI UTILITY DIST     | Lazy Nine Municipal Utility District No 1B                                   | CUSIP: 52109HQB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $605208.00    | 0.17%             | 2039-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU     | Wayne County Airport Authority                                               | CUSIP: 944514L22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8520000 | PA      | $9053345.18   | 2.59%             | 2048-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OMAHA NE ARPT AUTH                 | Omaha Airport Authority                                                      | CUSIP: 681725NL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1302986.13   | 0.37%             | 2054-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP      | Sales Tax Securitization Corp                                                | CUSIP: 79467BEL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $972391.95    | 0.28%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST DES MOINES IA                 | City of West Des Moines IA                                                   | CUSIP: 952531JE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $936610.66    | 0.27%             | 2039-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MEDFORD OR HOSP FACS AUTH REVE     | Medford Hospital Facilities Authority                                        | CUSIP: 584283GU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2194122.25   | 0.63%             | 2035-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BURBANK GLENDALE PASADENA CA A     | Burbank-Glendale-Pasadena Airport Authority Brick Campaign                   | CUSIP: 120827DX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2992532.70   | 0.86%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX MUNI UTIL DI     | Fort Bend County Municipal Utility District No 134B                          | CUSIP: 34683LHU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $429849.23    | 0.12%             | 2040-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEWPORT OR                         | City of Newport OR                                                           | CUSIP: 652300LA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1330859.18   | 0.38%             | 2026-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES     | New York State Dormitory Authority                                           | CUSIP: 65000B7U6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1770437.30   | 0.51%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRAILS AT CROWFOOT MET DIST #3     | Trails at Crowfoot Metropolitan District No 3                                | CUSIP: 89286RAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075082.30   | 0.31%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TX MUNI UTILIT     | Williamson County Municipal Utility District No 25                           | CUSIP: 97001TCP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1183374.79   | 0.34%             | 2044-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                      | CUSIP: 544532JS4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1643704.81   | 0.47%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILL CNTY IL SCH DIST #114 MAN     | Will County School District No 114 Manhattan                                 | CUSIP: 968838KA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3765000 | PA      | $4102547.69   | 1.18%             | 2045-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TULPEHOCKEN PA SCH DIST            | Tulpehocken Area School District                                             | CUSIP: 899491NK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3755000 | PA      | $3896987.06   | 1.12%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GREEN OH LOCAL SCH DIST SUMMIT     | Green Local School District/Summit County                                    | CUSIP: 393192AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3148515.90   | 0.90%             | 2047-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SUFFOLK VA                         | City of Suffolk VA                                                           | CUSIP: 86481AAT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1026664.24   | 0.29%             | 2038-02-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                      | CUSIP: 544532PW8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3140601.30   | 0.90%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TX INDEP SCH DIST       | Georgetown Independent School District                                       | CUSIP: 373046ZC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2670000 | PA      | $2330061.47   | 0.67%             | 2041-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST UNIV REVENUE            | Alabama State University                                                     | CUSIP: 010632QP5<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2449271.93   | 0.70%             | 2050-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS CA PUBLIC FING A     | River Islands Public Financing Authority                                     | CUSIP: 76827QGR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $777716.07    | 0.22%             | 2052-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GUADALUPE-BLANCO TX RIVER AUTH     | Guadalupe-Blanco River Authority                                             | CUSIP: 400525AT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2196274.66   | 0.63%             | 2042-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LA SALLE CNTY IL CMNTY UNIT SC     | La Salle County Community Unit School District No 2 Serena                   | CUSIP: 504396HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1367208.49   | 0.39%             | 2042-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SHREVEPORT LA                      | City of Shreveport LA                                                        | CUSIP: 8254346M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1542447.90   | 0.44%             | 2049-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMATILLA CNTY OR SCH DIST #6 R     | Umatilla County School District No 6R Umatilla                               | CUSIP: 904115FH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $1228870.72   | 0.35%             | 2043-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAGINAW MI WTR SPLY SYS REVENU     | City of Saginaw MI Water Supply System Revenue                               | CUSIP: 786795DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1079398.35   | 0.31%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRI-CREEK IN 2002 HIGH SCH BLD     | Tri-Creek 2002 High School Building Corp                                     | CUSIP: 89556GJF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3261953.70   | 0.93%             | 2043-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RENO NV CAPITAL IMPT REVENUE       | City of Reno NV                                                              | CUSIP: 759831CZ1<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1004595.27   | 0.29%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR     | Puerto Rico Electric Power Authority                                         | CUSIP: 74526QLY6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    370000 | PA      | $356484.12    | 0.10%             | 2029-07-01      | Variable      | 3.36%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE       | City of Philadelphia PA Airport Revenue                                      | CUSIP: 717817XV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1323364.94   | 0.38%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                        | State of Illinois                                                            | CUSIP: 4521526M8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054112.20   | 0.30%             | 2045-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU     | Colorado Educational & Cultural Facilities Authority                         | CUSIP: 19645UPZ1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2159537.84   | 0.62%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D     | Metropolitan Washington Airports Authority Dulles Toll Road Revenue          | CUSIP: 592643DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $885660.45    | 0.25%             | 2037-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LEANDER TX MUNI UTILITY DIST #     | Leander Municipal Utility District No 1                                      | CUSIP: 52184HCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1579056.36   | 0.45%             | 2030-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR     | Allegheny County Airport Authority                                           | CUSIP: 01728LGY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2880933.99   | 0.83%             | 2039-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HGR EDU & H     | Montgomery County Higher Education and Health Authority                      | CUSIP: 613603K32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $983012.37    | 0.28%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO MUNI ASSISTANCE     | Kansas City Municipal Assistance Corp                                        | CUSIP: 485052RL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1693507.70   | 0.49%             | 2026-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CINCO S W TX MUNI UTILITY DIST     | Cinco Southwest Municipal Utility District No 1                              | CUSIP: 17240FWY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $579450.82    | 0.17%             | 2036-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN IL UNIV REVENUES          | Northern Illinois University                                                 | CUSIP: 665245ZK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $393223.12    | 0.11%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MO SCH DIST HICKM     | Hickman Mills C-1 School District/MO                                         | CUSIP: 46741RDD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $2132754.79   | 0.61%             | 2041-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P     | Los Angeles Department of Water & Power                                      | CUSIP: 544532BM5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1123229.76   | 0.32%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAZY NINE TX MUNI UTILITY DIST     | Lazy Nine Municipal Utility District No 1B                                   | CUSIP: 52109HKK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $834895.71    | 0.24%             | 2039-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BALTIC SD SCH DIST #49-1           | Baltic School District No 49-1                                               | CUSIP: 058827EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $3262277.48   | 0.93%             | 2051-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SHAWANO WI ELEC SYS REVENUE        | City of Shawano WI Electric System Revenue                                   | CUSIP: 820418AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750964.88    | 0.22%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 457                              | CUSIP: 41423KJF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1540413.51   | 0.44%             | 2047-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA     | Chicago O'Hare International Airport                                         | CUSIP: 1675934E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1584628.10   | 0.45%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST             | Clark County School District                                                 | CUSIP: 181059U20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1369474.31   | 0.39%             | 2028-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D     | Metropolitan Washington Airports Authority Dulles Toll Road Revenue          | CUSIP: 592643DH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1796251.60   | 0.51%             | 2053-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REV     | County of Miami-Dade Seaport Department                                      | CUSIP: 59335KDJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4090000 | PA      | $3088656.34   | 0.89%             | 2050-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI     | Pennsylvania Turnpike Commission                                             | CUSIP: 709224Q28<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1655240.44   | 0.47%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TECH CLG SYS FING SYS     | Texas State Technical College                                                | CUSIP: 88276RFG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1142890.61   | 0.33%             | 2036-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN MATEO CALIF SPL TAX            | City of San Mateo CA                                                         | CUSIP: 79901PCX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4460000 | PA      | $4994525.20   | 1.43%             | 2037-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT     | Indiana Housing & Community Development Authority                            | CUSIP: 45505T2X8<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1787642.03   | 0.51%             | 2049-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NORTHERN IL UNIV REVENUES          | Northern Illinois University                                                 | CUSIP: 665245YP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1434377.36   | 0.41%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONROE WI SCH DIST                 | Monroe School District/WI                                                    | CUSIP: 611424LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1970881.00   | 0.56%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CARMEL IN WTRWKS REVENUE           | City of Carmel IN Waterworks Revenue                                         | CUSIP: 143321LQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1560524.10   | 0.45%             | 2051-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PORT HURON MI AREA SCH DIST        | Port Huron Area School District                                              | CUSIP: 734353MP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502098.20   | 0.43%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI     | Washington State Housing Finance Commission                                  | CUSIP: 93978LJN7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1670162.55   | 0.48%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HEBER UT LIGHT & PWR COMPANY E     | Heber Light & Power Co                                                       | CUSIP: 42249TEB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035802.90   | 0.30%             | 2047-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH GREEN TRA     | New York Power Authority                                                     | CUSIP: 65000XBN9<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1148056.10   | 0.33%             | 2039-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER      | New York Convention Center Development Corp                                  | CUSIP: 649451JD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $432542.52    | 0.12%             | 2055-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH     | West Virginia Economic Development Authority                                 | CUSIP: 95648VBP3<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    890000 | PA      | $894792.74    | 0.26%             | 2036-04-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN NONPRO     | Idaho Housing & Finance Association                                          | CUSIP: 45129GKP9<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994636.00    | 0.29%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TX INDEP SCH DIST       | Georgetown Independent School District                                       | CUSIP: 373046YW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2035277.80   | 0.58%             | 2035-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| S WSTRN IL DEV AUTH REV            | Southwestern Illinois Development Authority                                  | CUSIP: 84552YTM3<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4278504.00   | 1.23%             | 2050-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SWEETWATER CNTY WY 2023 SPECIF     | Sweetwater County 2023 Specific Purpose Tax Joint Powers Board               | CUSIP: 87048HAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1888976.80   | 0.54%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| W DELAWARE CNTY IA CMNTY SCH D     | West Delaware County Community School District Sales & Services Tax Revenue  | CUSIP: 952480AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $327143.54    | 0.09%             | 2041-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BRANDON SD WTR SURCHARGE REVEN     | City of Brandon SD Water Utility Revenue                                     | CUSIP: 10530AAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080888.30   | 0.31%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NTHRN KY UNIV GEN RECPTS           | Northern Kentucky University                                                 | CUSIP: 665304GN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1629456.53   | 0.47%             | 2037-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                                           | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   6375863 | NS      | $6375863.46   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| WASHINGTON ST                      | State of Washington                                                          | CUSIP: 93974AUF9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2913677.70   | 0.83%             | 2026-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MODERNIZATI     | Love Field Airport Modernization Corp                                        | CUSIP: 54714CCB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3195000 | PA      | $3251353.09   | 0.93%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 390                              | CUSIP: 41420LTF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $457503.33    | 0.13%             | 2037-04-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 171                              | CUSIP: 41423TPQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1349154.30   | 0.39%             | 2052-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R     | City of Philadelphia PA Water & Wastewater Revenue                           | CUSIP: 7178933V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1397468.28   | 0.40%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INMAN CAMPOBELLO WTR DIST SC       | Inman Campobello Water District                                              | CUSIP: 457561AU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2963174.19   | 0.85%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP      | Sales Tax Securitization Corp                                                | CUSIP: 79467BCL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2569479.25   | 0.74%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE RI PUBLIC BLDGS AUT     | Providence Public Building Authority                                         | CUSIP: 74381MDJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2196006.60   | 0.63%             | 2041-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TECH CLG SYS FING SYS     | Texas State Technical College                                                | CUSIP: 88276RFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4390595.20   | 1.26%             | 2042-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMAL CNTY TX WTR CONTROL & IM     | Comal County Water Control & Improvement District No 6                       | CUSIP: 199819HC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1691414.19   | 0.48%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLINTON IA CMNTY SCH DIST SCHI     | Clinton Community School District/IA Infrastructure Sales Services & Use Tax | CUSIP: 18735EBS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2103993.15   | 0.60%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL CAPITAL IMPT CIG     | County of Pasco FL                                                           | CUSIP: 70252AAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064043.90   | 0.30%             | 2028-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI     | Harris County Municipal Utility District No 423                              | CUSIP: 41429KEC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1810640.52   | 0.52%             | 2044-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ASHEVILLE REGL ARPT AUTH N     | Greater Asheville Regional Airport Authority                                 | CUSIP: 39160CAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3441728.88   | 0.99%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LONG BEACH NY                      | City of Long Beach NY                                                        | CUSIP: 542519ES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1898818.38   | 0.54%             | 2042-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MADISON CNTY IL CMNTY UNIT SCH     | Madison County Community Unit School District No 7 Edwardsville              | CUSIP: 557021LE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4060000 | PA      | $4506782.29   | 1.29%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A     | Washington Health Care Facilities Authority                                  | CUSIP: 93978HZY4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3322675.20   | 0.95%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY OH HOSP FACS IMPT     | County of Fayette OH                                                         | CUSIP: 312446AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099175.60   | 0.60%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MORNINGSTAR RANCH MUNI UTIL DI     | Morningstar Ranch Municipal Utility District No 1 of Parker County           | CUSIP: 61771KDY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $417547.12    | 0.12%             | 2043-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KAUFMAN CNTY TX MUNI UTILITY D     | Kaufman County Municipal Utility District No 3                               | CUSIP: 48620ABX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1429685.44   | 0.41%             | 2046-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A     | South Carolina Public Service Authority                                      | CUSIP: 837151U49<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    600000 | PA      | $649314.84    | 0.19%             | 2052-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PORT AUTH DOCKS FAC     | State of Alabama Docks Department                                            | CUSIP: 010604BZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2269810.40   | 0.65%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL-DE ANZA CA CMNTY CLG      | Foothill-De Anza Community College District                                  | CUSIP: 345102JA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $957089.07    | 0.27%             | 2029-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH       | Pittsburgh Water & Sewer Authority                                           | CUSIP: 725304WU9<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1508718.69   | 0.43%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAVENPORT IA CMNTY SCH DISTS S     | Davenport Community School District Infrastructure Sales Services & Use Tax  | CUSIP: 23841QBN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3350461.67   | 0.96%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY TX HOSP DIST          | El Paso County Hospital District                                             | CUSIP: 283590JA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4230000 | PA      | $4486813.03   | 1.29%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JERSEY CITY NJ MUNI UTILITIESA     | Jersey City Municipal Utilities Authority                                    | CUSIP: 476623DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1871854.77   | 0.54%             | 2055-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A     | South Carolina Public Service Authority                                      | CUSIP: 837151T25<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2229381.00   | 0.64%             | 2037-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU              | Chicago Board of Education                                                   | CUSIP: 167505EC6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1098908.86   | 0.31%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF SOUTH ALABAMA AL UNIV      | University of South Alabama                                                  | CUSIP: 914845UZ3<br>LEI: 549300U394SOV3NGG049 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2643624.25   | 0.76%             | 2054-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD IL ELEC REVENUE        | City of Springfield IL Electric Revenue                                      | CUSIP: 850578UJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1890158.00   | 0.54%             | 2037-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SONTERRA TX MUNI UTILITY DIST      | Sonterra Municipal Utility District                                          | CUSIP: 83569BNX8<br>LEI: 549300CYX166OF9KQU91 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $805745.49    | 0.23%             | 2040-08-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| SANGAMON & CHRISTIAN CNTYS IL      | Sangamon & Christian Counties Community Unit School District No 3A Rochester | CUSIP: 800722GT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1687889.46   | 0.48%             | 2047-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COMAL CNTY TX WTR CONTROL & IM     | Comal County Water Control & Improvement District No 6                       | CUSIP: 199819HD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1771542.43   | 0.51%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CENTER DIST WI TAX R     | Wisconsin Center District                                                    | CUSIP: 976595EU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $726109.89    | 0.21%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP      | Arlington Higher Education Finance Corp                                      | CUSIP: 041807FD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3190000 | PA      | $3409486.67   | 0.98%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FONTANA CA UNIF SCH DIST           | Fontana Unified School District                                              | CUSIP: 344640WD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1724444.50   | 0.49%             | 2044-08-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| JERSEY CITY NJ MUNI UTILITIESA     | Jersey City Municipal Utilities Authority                                    | CUSIP: 476623DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1125949.00   | 0.32%             | 2051-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SIENNA PLANTATION TX MUNI UTIL     | Sienna Municipal Utility District No 5                                       | CUSIP: 82621VGZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $437293.55    | 0.13%             | 2043-11-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY INDL DEV AGY      | New York City Industrial Development Agency                                  | CUSIP: 64971PKK0<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $963685.10    | 0.28%             | 2049-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY CA UNIF SCH DI     | Sacramento City Unified School District/CA                                   | CUSIP: 785870R57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2736626.00   | 0.78%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AUBREY TX                          | City of Aubrey TX                                                            | CUSIP: 050177JY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $1875877.27   | 0.54%             | 2042-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP     | New York Transportation Development Corp                                     | CUSIP: 650116GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3471795.38   | 0.99%             | 2049-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-22

**Name of Applicant:** New York Life Investments Active ETF Trust

**Signature:** Adefolahan Oyefeso

**Name of Signer:** Adefolahan Oyefeso

**Title:** Director and Vice President, IndexIQ