# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0001752724-25-178338
**Filing Date:** 2025-7
**Character Count:** 87059
**Document Hash:** 4c76eb13acb8927db43415543db55674
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-178338.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-178338

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**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:** 251150169

**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 NEW JERSEY TAX-FREE INCOME FUND (Series ID: S000006923)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018781 | CLASS A1      | FRNJX           |
| C000018783 | CLASS C       | FNIIX           |
| C000068551 | ADVISOR CLASS | FNJZX           |
| C000194364 | Class R6      | FNJRX           |
| C000205902 | Class A       | FNJQX           |

## 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 New Jersey Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006923

- **c. LEI of Series:** 5493002I0DFST576NS47

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

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

- **b. Date as of which information is reported:** 2025-05-31

**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:** $731774835.41

**Total Liabilities:** $7596648.39

**Net Assets:** $724178187.02

**Delayed Delivery Securities:** $5012092.00

**Cash Not Reported:** $5671384.69

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -2003.92000000 | **5-Year:** -12241.14000000 | **10-Year:** -197801.59000000 | **30-Year:** -250230.86000000

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

- **3-Month:** 0.00000000 | **1-Year:** -12.90000000 | **5-Year:** -521.51000000 | **10-Year:** -15695.42000000 | **30-Year:** -25949.68000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194364 | -1.76%               | -0.80%               | -0.70%               |
| Class ID C000018781 | -1.87%               | -0.82%               | -0.61%               |
| Class ID C000205902 | -1.79%               | -0.83%               | -0.62%               |
| Class ID C000068551 | -1.77%               | -0.91%               | -0.60%               |
| Class ID C000018783 | -1.89%               | -0.85%               | -0.65%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-178812.01              | $-15411456.49                              |
| Month 2  | $-1122059.49             | $-6831422.05                               |
| Month 3  | $-140546.95              | $-6507706.20                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2025 A                        | CUSIP: 838536NP1<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2209775.22   | 0.31%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority           | South Carolina Jobs-Economic Development Authority, Series 2021 A-1         | CUSIP: 837031C84<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1255873.20   | 0.17%             | 2036-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $676438.77    | 0.09%             | 2043-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2024                  | CUSIP: 37970PLW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5049165.00   | 0.70%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066J35<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3955000 | PA      | $4057322.18   | 0.56%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                  | Pecan Public Facility Corp., Series 2022 A-2                                | CUSIP: 705125AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $1979150.49   | 0.27%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790NA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $10706270.40  | 1.48%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 BB              | CUSIP: 64613CBM9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7325000 | PA      | $6336020.99   | 0.87%             | 2046-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 BB              | CUSIP: 64613CBL1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2172377.04   | 0.30%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 D                  | CUSIP: 646066LD0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2246232.28   | 0.31%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5725000 | PA      | $5781273.32   | 0.80%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2010 A               | CUSIP: 646136XQ9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $2291903.50   | 0.32%             | 2040-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hudson County Improvement Authority                          | Hudson County Improvement Authority, Series 2016                            | CUSIP: 443730MH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6010683.00   | 0.83%             | 2051-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp.                         | City of Dallas, Series 2022 A                                               | CUSIP: 23529CAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1802831.60   | 0.25%             | 2062-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026105.90   | 0.14%             | 2037-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017 A                    | CUSIP: 64577BG40<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1372750.20   | 0.19%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2019                      | CUSIP: 645780FJ1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7245000 | PA      | $7055387.48   | 0.97%             | 2059-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $594044.40    | 0.08%             | 2040-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 A                  | CUSIP: 646067JM1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037772.50   | 0.14%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2009 C        | CUSIP: 64579FYK3<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  16885000 | PA      | $16885000.00  | 2.33%             | 2043-07-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACT7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   4005000 | PA      | $3150245.69   | 0.44%             | 2035-10-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp.                           | Tobacco Settlement Financing Corp., Series 2018 A                           | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $17070019.60  | 2.36%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2023 A               | CUSIP: 64613CCV8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2618248.50   | 0.36%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2022 A                        | CUSIP: 838536MP2<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4754855.50   | 0.66%             | 2047-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                      | Port Authority of New York & New Jersey, Series 244                         | CUSIP: 73358XMG4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7658156.25   | 1.06%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Joint Toll Bridge Commission                  | Delaware River Joint Toll Bridge Commission, Series 2017                    | CUSIP: 246343LJ4<br>LEI: 549300N6IGAQMI0JLE23 | Long             | DBT              | MUN               | US        |  19500000 | PA      | $19659570.45  | 2.71%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281PAC1<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2163730.80   | 0.30%             | 2052-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                               | Delaware River & Bay Authority, Series 2019                                 | CUSIP: 246317GV7<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $11332751.25  | 1.56%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2020 AA              | CUSIP: 6461367L9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3670000 | PA      | $3098376.95   | 0.43%             | 2050-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2009 A               | CUSIP: 646136WS6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $305817.85    | 0.04%             | 2036-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 A              | CUSIP: 14760RBS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1186113.24   | 0.16%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                          | State of New Jersey, Series 2020 A                                          | CUSIP: 646039YR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3294455.84   | 0.45%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                   | Capital Trust Agency, Inc., Series 2021 A-1                                 | CUSIP: 14052TDY7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    850000 | PA      | $554428.40    | 0.08%             | 2057-01-01      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2019                      | CUSIP: 645780FK8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $4980962.82   | 0.69%             | 2059-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 D                  | CUSIP: 6460663G3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1113632.52   | 0.15%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Haven at Elgin LLC                                           | Haven at Elgin LLC                                                          | CUSIP: 41935HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1604309.50   | 0.22%             | 2053-12-31      | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2018 A                 | CUSIP: 646108YC8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $986159.90    | 0.14%             | 2043-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2022 A                        | CUSIP: 838536MR8<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   5540000 | PA      | $5610613.95   | 0.77%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066L73<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1628569.92   | 0.22%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department      | State of Oregon Housing & Community Services Department, Series 2022 II-1   | CUSIP: 68608END0<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020230.00   | 0.28%             | 2039-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                     | Development Authority of Rockdale County, Series 2021 A-1                   | CUSIP: 77300QAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2148051.05   | 0.30%             | 2036-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2022 A                                     | CUSIP: 74441XHM4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1966173.40   | 0.27%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2023 A                  | CUSIP: 646067FV5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1978188.80   | 0.27%             | 2048-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4925000 | PA      | $5014941.83   | 0.69%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2023 BB              | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044189.60   | 0.28%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2019 B     | CUSIP: 646080UN9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2735278.35   | 0.38%             | 2039-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066L99<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   9310000 | PA      | $9351107.37   | 1.29%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $4732316.93   | 0.65%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 B              | CUSIP: 14760RCM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $847821.73    | 0.12%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority           | South Carolina Jobs-Economic Development Authority, Series 2021 A-1         | CUSIP: 837031D26<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1255873.20   | 0.17%             | 2036-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2019 A                 | CUSIP: 646108D31<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    510000 | PA      | $390652.15    | 0.05%             | 2044-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority | South Carolina State Housing Finance & Development Authority, Series 2021 A | CUSIP: 83712EHN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $797035.20    | 0.11%             | 2039-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series A                         | CUSIP: 64577BHW7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6339739.00   | 0.88%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2018 A                                | CUSIP: 246352HC5<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3773877.35   | 0.52%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2019 C                 | CUSIP: 64613ABR2<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3522879.07   | 0.49%             | 2044-10-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                      | Port Authority of New York & New Jersey, Series 242                         | CUSIP: 73358XKP6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6254116.25   | 0.86%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 A                  | CUSIP: 646066M23<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   4085000 | PA      | $4081361.90   | 0.56%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2025 1-C   | CUSIP: 646080YY1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972158.00    | 0.13%             | 2055-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016 A        | CUSIP: 645790FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9918187.00   | 1.37%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017                      | CUSIP: 64577B4L5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6001961.40   | 0.83%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2005 N-1                  | CUSIP: 6459165H6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   8660000 | PA      | $9123156.72   | 1.26%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                               | Delaware River & Bay Authority, Series 2021                                 | CUSIP: 246317HN4<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1576835.93   | 0.22%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2019 BB              | CUSIP: 6461365M9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5289282.60   | 0.73%             | 2044-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2017 G                                | CUSIP: 646140CT8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4548496.50   | 0.63%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ Mass Transit Access Tax Revenue            | City of Newark, Series 2022                                                 | CUSIP: 650360AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055967.10   | 0.15%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                  | Washington State Housing Finance Commission, Series 2021 A                  | CUSIP: 939783H58<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1155080.92   | 0.16%             | 2037-01-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 C                  | CUSIP: 646066MC1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300142.48   | 0.18%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2024 C     | CUSIP: 646080YC9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1898918.20   | 0.26%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp.                                      | South Jersey Port Corp., Series 2017 B                                      | CUSIP: 838530RH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4625000 | PA      | $4412273.13   | 0.61%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 D                  | CUSIP: 646066LE8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1210546.80   | 0.17%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2017 D                  | CUSIP: 646066V49<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3945000 | PA      | $3872641.99   | 0.53%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016          | CUSIP: 645790FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9247599.00   | 1.28%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Newark Housing Authority                                     | Newark Housing Authority, Series 2017                                       | CUSIP: 65037RCU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19245000 | PA      | $18725298.40  | 2.59%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $593653.20    | 0.08%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                          | State of New Jersey, Series 2020 A                                          | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4726469.25   | 0.65%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2021                             | CUSIP: 29681CBG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2241986.85   | 0.31%             | 2051-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754656.60    | 0.10%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2024 A                           | CUSIP: 29681CBK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476973.45    | 0.07%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017                      | CUSIP: 64578CCF6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  13625000 | PA      | $12981735.14  | 1.79%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middlesex County Improvement Authority                       | Middlesex County Improvement Authority, Series 2023 A                       | CUSIP: 596564RX4<br>LEI: 549300QDGS1CLXDHV188 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1075268.78   | 0.15%             | 2053-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2024 CC              | CUSIP: 64613CGJ1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1077238.38   | 0.15%             | 2050-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2017 A        | CUSIP: 645790LQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $7620028.98   | 1.05%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2010 A               | CUSIP: 646136XG1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4262970.00   | 0.59%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 A                  | CUSIP: 646067JJ8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064877.40   | 0.15%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2021          | CUSIP: 645790PD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $734602.30    | 0.10%             | 2046-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281PAB3<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1761649.14   | 0.24%             | 2047-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2020 A     | CUSIP: 646080UX7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3770000 | PA      | $3574039.55   | 0.49%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2009 B        | CUSIP: 64579FYJ6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    800000 | PA      | $800000.00    | 0.11%             | 2043-07-01      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 B              | CUSIP: 14760RCL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1236986.52   | 0.17%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County Improvement Authority                           | Union County Improvement Authority, Series 2024                             | CUSIP: 906347YX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5034761.05   | 0.70%             | 2054-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1091404.92   | 0.15%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007474.30   | 0.14%             | 2058-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2009 A               | CUSIP: 646136WP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7539206.00   | 1.04%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2024 A        | CUSIP: 645790UQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6085296.60   | 0.84%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2018 A                                | CUSIP: 246352HD3<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   9565000 | PA      | $9854851.06   | 1.36%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority            | Antonio B Won Pat International Airport Authority, Series 2024 A            | CUSIP: 40064RFZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1010513.10   | 0.14%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $191234.22    | 0.03%             | 2033-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2006 C               | CUSIP: 646136EW7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $7205034.00   | 0.99%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 1998-1                  | CUSIP: 646065LW0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    330000 | PA      | $339787.83    | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology                           | New Jersey Institute of Technology, Series 2015 A                           | CUSIP: 64579RBK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6008943.00   | 0.83%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2024 A                           | CUSIP: 29681CBJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $377743.80    | 0.05%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Infrastructure Bank                               | New Jersey Infrastructure Bank, Series 2024 A-W1                            | CUSIP: 64580CQC4<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2084787.80   | 0.29%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACU4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   8020000 | PA      | $5680478.58   | 0.78%             | 2040-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| New Brunswick Parking Authority                              | New Brunswick Parking Authority, Series 2016 A                              | CUSIP: 642835PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5040915.50   | 0.70%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 A               | CUSIP: 64613CAD0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1834905.20   | 0.25%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2022 CC              | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1456639.50   | 0.20%             | 2050-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2024 B                                | CUSIP: 646140FZ1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062408.00   | 0.28%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Leon County Housing Finance Authority                        | Leon County Housing Finance Authority, Series 2022 A                        | CUSIP: 52643TAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3288650.00   | 0.45%             | 2057-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281UAD8<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2810274.30   | 0.39%             | 2052-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority (The)                  | Atlantic County Improvement Authority (The), Series 2021 A                  | CUSIP: 048501JQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1302992.55   | 0.18%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 H                  | CUSIP: 646066NN6<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2207003.68   | 0.30%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                         | Puerto Rico Electric Power Authority, Series VV                             | CUSIP: 74526Q2Q4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |   1200000 | PA      | $1185209.04   | 0.16%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2017 B                                | CUSIP: 6461397M1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  15245000 | PA      | $15530523.61  | 2.14%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                   | Capital Trust Agency, Inc., Series 2021 A-1                                 | CUSIP: 14052TDU5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   4536000 | PA      | $3870470.82   | 0.53%             | 2036-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $983527.38    | 0.14%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $566296.50    | 0.08%             | 2039-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2021 B     | CUSIP: 646080VW8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2963914.75   | 0.41%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2024 A        | CUSIP: 645790TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5115000 | PA      | $5308442.14   | 0.73%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                         | Guam Government Waterworks Authority, Series 2020 A                         | CUSIP: 40065FDF8<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |    850000 | PA      | $814060.13    | 0.11%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 H                  | CUSIP: 646066NP1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5004272.50   | 0.69%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2022 B                                | CUSIP: 646140ET6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4822716.00   | 0.67%             | 2048-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2022, Class B-1                            | CUSIP: 74442PVW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1167881.25   | 0.16%             | 2044-12-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2021 QQQ                  | CUSIP: 64577XCQ7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2317510.75   | 0.32%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2023 C     | CUSIP: 646080XL0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $2824365.00   | 0.39%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2025 1-A   | CUSIP: 646080YM7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1545742.80   | 0.21%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                       | California Municipal Finance Authority, Series 2022 A-1                     | CUSIP: 130483EV8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1087767.72   | 0.15%             | 2037-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Hudson County Improvement Authority                          | Hudson County Improvement Authority, Series 2019                            | CUSIP: 443731CW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951128.90    | 0.13%             | 2040-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                         | Puerto Rico Electric Power Authority, Escrow Account                        | CUSIP: N/A<br>LEI: 5493003BRB67HF8ST418       | Long             | EC               | CORP              | PR        |    200660 | NS      | $160528.32    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2020 AA              | CUSIP: 6461367K1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513367.40   | 0.21%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2025                     | CUSIP: 70275QAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $608470.25    | 0.08%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2025                     | CUSIP: 70275QAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $956003.00    | 0.13%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2023                     | CUSIP: 70275QAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003273.60   | 0.14%             | 2053-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2024          | CUSIP: 64579XEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085875.20   | 0.29%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                        | South Jersey Transportation Authority, Series 2020 A                        | CUSIP: 838536LM0<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5763884.53   | 0.80%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2017 A        | CUSIP: 645790LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6982813.60   | 0.96%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2021 QQQ                  | CUSIP: 64577XCT1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1088569.88   | 0.15%             | 2046-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ Mass Transit Access Tax Revenue            | City of Newark, Series 2022                                                 | CUSIP: 650360AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095822.90   | 0.15%             | 2062-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2021          | CUSIP: 645790NX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $741939.38    | 0.10%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2015 C                | CUSIP: 37970PGR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3499923.35   | 0.48%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 A                  | CUSIP: 6460666J4<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4023949.60   | 0.56%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2022 A                    | CUSIP: 64577XEE2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5030228.00   | 0.69%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue      | Puerto Rico Sales Tax Financing Corp., Series A-1                           | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |  10850000 | PA      | $10194178.26  | 1.41%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2021                             | CUSIP: 29681CBH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4925000 | PA      | $3991309.64   | 0.55%             | 2056-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jersey City Municipal Utilities Authority                    | Jersey City Municipal Utilities Authority, Series 2024 C                    | CUSIP: 476624DN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1554706.05   | 0.21%             | 2054-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Gloucester County Improvement Authority (The)                | Gloucester County Improvement Authority (The), Series 2019                  | CUSIP: 37970PJW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $699945.82    | 0.10%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2015 C                  | CUSIP: 646066MA5<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400153.48    | 0.06%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority     | New Jersey Higher Education Student Assistance Authority, Series 2020 C     | CUSIP: 646080VG3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1456202.13   | 0.20%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2009 A               | CUSIP: 6461362S9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5178583.00   | 0.72%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2025 A                 | CUSIP: 646127FS4<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4227735.95   | 0.58%             | 2041-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Cumberland County Improvement Authority (The)                | Cumberland County Improvement Authority (The), Series 2019                  | CUSIP: 230563CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1043593.93   | 0.14%             | 2038-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jersey City Municipal Utilities Authority                    | Jersey City Municipal Utilities Authority, Series 2025 E                    | CUSIP: 476623DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1476415.22   | 0.20%             | 2055-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 B                  | CUSIP: 646067GY8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $14066607.15  | 1.94%             | 2054-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                      | Capital Trust Authority, Series 2024                                        | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $4486071.04   | 0.62%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2019 A                                | CUSIP: 646140DD2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $15658619.25  | 2.16%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2015 WW                   | CUSIP: 64577BKC7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4760000 | PA      | $4763365.32   | 0.66%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $582229.05    | 0.08%             | 2041-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2024 B                                | CUSIP: 646140FY4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1344149.85   | 0.19%             | 2054-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790MV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005708.50   | 0.14%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2024 CC              | CUSIP: 64613CGH5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   9555000 | PA      | $9799916.63   | 1.35%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017 A                    | CUSIP: 64577BG24<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    640000 | PA      | $642176.51    | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River & Bay Authority                               | Delaware River & Bay Authority, Series 2024 A                               | CUSIP: 246317KC4<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1377689.03   | 0.19%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ Mass Transit Access Tax Revenue            | City of Newark, Series 2022                                                 | CUSIP: 650360AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1586759.10   | 0.22%             | 2052-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority, Inc.              | Casino Reinvestment Development Authority, Inc., Series 2024 B              | CUSIP: 14760RCN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $973606.36    | 0.13%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority               | New Jersey Transportation Trust Fund Authority, Series 2023 A               | CUSIP: 64613CCT3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4200806.80   | 0.58%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                           | Essex County Improvement Authority, Series 2021                             | CUSIP: 29681CBE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1544817.36   | 0.21%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2017 A                                | CUSIP: 6461396S9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |  10005000 | PA      | $10226853.87  | 1.41%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790MY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2112830.72   | 0.29%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2019          | CUSIP: 645790MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3878445.75   | 0.54%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2017 A        | CUSIP: 645790KE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11080983.10  | 1.53%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACV2<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3205000 | PA      | $2118571.02   | 0.29%             | 2045-10-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 C                  | CUSIP: 6460667A2<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $878257.07    | 0.12%             | 2049-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2013                                  | CUSIP: 246352GK8<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10002395.00  | 1.38%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2024 B                  | CUSIP: 646067GX0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4501388.00   | 0.62%             | 2053-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 A                  | CUSIP: 6460666K1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |  11640000 | PA      | $9868357.08   | 1.36%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                    | Newark Board of Education, Series 2021                                      | CUSIP: 650370DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $534110.57    | 0.07%             | 2042-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Monmouth County Improvement Authority (The)                  | Monmouth County Improvement Authority (The), Series 2022 C                  | CUSIP: 60956PF56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1126455.35   | 0.16%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                 | New Jersey Housing & Mortgage Finance Agency, Series 2020 E                 | CUSIP: 64613ACW0<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $1449732.24   | 0.20%             | 2050-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2020 C                  | CUSIP: 6460667B0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1625541.54   | 0.22%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority (The)                   | Passaic County Improvement Authority (The), Series 2025                     | CUSIP: 70275QAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $709182.19    | 0.10%             | 2033-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                | Delaware River Port Authority, Series 2018 A                                | CUSIP: 246352HB7<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |   7010000 | PA      | $7268567.36   | 1.00%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology/NJ                        | New Jersey Institute of Technology, Series 2025 A                           | CUSIP: 64579REF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1808972.20   | 0.25%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                    | New Jersey Economic Development Authority, Series 2017 A                    | CUSIP: 64577BG32<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    600000 | PA      | $583837.08    | 0.08%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                     | Public Finance Authority, Series 2024 A-2                                   | CUSIP: 74441XHX0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3225000 | PA      | $1881832.65   | 0.26%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016 A        | CUSIP: 645790AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18500000 | PA      | $18374706.90  | 2.54%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Camden County Improvement Authority (The)                    | Camden County Improvement Authority (The), Series 2022                      | CUSIP: 13281UAB2<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260116.10    | 0.04%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2016          | CUSIP: 645790CA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5850000 | PA      | $5829532.02   | 0.80%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                  | New Jersey Educational Facilities Authority, Series 2023 A                  | CUSIP: 646067FW3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2052191.80   | 0.28%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                | New Jersey Turnpike Authority, Series 2021 A                                | CUSIP: 646140DK6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4010000 | PA      | $3530694.32   | 0.49%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority        | New Jersey Health Care Facilities Financing Authority, Series 2008 A        | CUSIP: 645790ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135096.35    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                         | Guam Power Authority, Series 2024 A                                         | CUSIP: 400653LA7<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | GU        |    500000 | PA      | $524527.75    | 0.07%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer