# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0000869392-23-000220
**Filing Date:** 2023-1
**Character Count:** 57616
**Document Hash:** 559e4d9cf6915d0c9d62675c34764715
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-23-000220.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0000869392-23-000220

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001005942
- **IRS NUMBER:** 043299786
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07513
- **FILM NUMBER:** 23557705

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6177601000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

## Series and Classes Contracts Data

### Putnam Intermediate-Term Municipal Income Fund (Series ID: S000039834)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000123521 | CLASS Y         |  |
| C000123522 | CLASS A         |  |
| C000123523 | CLASS B         |  |
| C000123524 | CLASS C         |  |
| C000202823 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Funds Trust

- **b. Investment Company Act file number:** 811-07513

- **c. CIK number of Registrant:** 0001005942

- **d. LEI of Registrant:** 549300S9JYWEMKQCLW53

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

  - **Street Address 1:** 100 FEDERAL STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 1-800-225-1581

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

- **a. Name of Series:** Putnam Intermediate-Term Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000039834

- **c. LEI of Series:** 549300MUZBBJH4W4NL35

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $33445145.13

**Total Liabilities:** $318154.54

**Net Assets:** $33126990.59

**Delayed Delivery Securities:** $108591.00

**Cash Not Reported:** $80395.44

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 47.29 | **1-Year:** 1362.68 | **5-Year:** 6935.58 | **10-Year:** 9561.17 | **30-Year:** 2611.5

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

- **3-Month:** 0.49 | **1-Year:** 11.31 | **5-Year:** 26.57 | **10-Year:** 6.25 | **30-Year:** 45.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000123524 | 4.06%                | -0.73%               | -3.25%               |
| Class ID C000123522 | 4.01%                | -0.67%               | -3.09%               |
| Class ID C000123523 | 3.96%                | -0.62%               | -3.24%               |
| Class ID C000123521 | 4.03%                | -0.55%               | -3.17%               |
| Class ID C000202823 | 4.15%                | -0.65%               | -3.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1010.73                 | $1188996.73                                |
| Month 2  | $-88732.85               | $-150085.01                                |
| Month 3  | $-41945.79               | $-1049253.89                               |

**Designated Index Information**

- **Index Name:** Bloomberg 7 Year Municipal Index

- **Index Identifier:** IDX07591

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TEXAS WATER DEVELOPMENT BOARD                                                    | FX.RT. MUNI BOND        | CUSIP: 8828543A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $456086.68    | 1.38%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF COLORADO                                                                | FX.RT. MUNI BOND        | CUSIP: 196711SG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $461203.81    | 1.39%             | 2036-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLARK COUNTY SCHOOL DISTRICT                                                     | FX.RT. MUNI BOND        | CUSIP: 181059P26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204415.30    | 0.62%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEVELOPMENT FINANCE CORP                                                 | FX.RT. MUNI BOND        | CUSIP: 34061UEZ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108548.72    | 0.33%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTHORITY OF NEW YORK  AND  NEW JERSEY                                      | FX.RT. MUNI BOND        | CUSIP: 73358W5P5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    250000 | PA      | $242900.10    | 0.73%             | 2038-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE  AND  ECONOMIC DEVELOPMENT BANK                        | FX.RT. MUNI BOND        | CUSIP: 13034AJ27<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    545000 | PA      | $596244.06    | 1.80%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                  | FX.RT. MUNI BOND        | CUSIP: 13016NGJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $294626.56    | 0.89%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PHILADELPHIA PA AIRPORT REVENUE                                          | FX.RT. MUNI BOND        | CUSIP: 717817WC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256558.98    | 0.77%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JUAN UNIFIED SCHOOL DISTRICT                                                 | FX.RT. MUNI BOND        | CUSIP: 798306XX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $216066.67    | 0.65%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE          | FX.RT. MUNI BOND        | CUSIP: 64971XVB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $313019.96    | 0.94%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF NEW JERSEY                                                              | FX.RT. MUNI BOND        | CUSIP: 646039YR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $228725.64    | 0.69%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COUNTY TOBACCO SECURITIZATION AGENCY                                  | FX.RT. MUNI BOND        | CUSIP: 13016NHK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $681863.43    | 2.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND HEALTH  AND  HIGHER EDUCATIONAL FACILITIES AUTHORITY                    | FX.RT. MUNI BOND        | CUSIP: 57421CBV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105818.72    | 0.32%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGENCY                                                       | FX.RT. MUNI BOND        | CUSIP: 917467BT8<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    140000 | PA      | $136515.23    | 0.41%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY BOND DEVELOPMENT CORP                                                   | FX.RT. MUNI BOND        | CUSIP: 49120AAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $210296.64    | 0.63%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNT SAN JACINTO COMMUNITY COLLEGE DISTRICT                                     | FX.RT. MUNI BOND        | CUSIP: 623053CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $97942.69     | 0.30%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORMAN Y MINETA SAN JOSE INTERNATIONAL AIRPORT SJC                               | FX.RT. MUNI BOND        | CUSIP: 798136XD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $324111.03    | 0.98%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY  AND  COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT | FX.RT. MUNI BOND        | CUSIP: 79766DTN9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107817.97    | 0.33%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY  AND  COUNTY AIRPORT COMM-SAN FRANCISCO INTERNATIONAL AIRPORT | FX.RT. MUNI BOND        | CUSIP: 79766DTP4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107121.40    | 0.32%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FINANCE AUTHORITY                                                        | FX.RT. MUNI BOND        | CUSIP: 45506EBD4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108273.30    | 0.33%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF TEMPLE TX                                                                | FX.RT. MUNI BOND        | CUSIP: 880157BK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $140204.94    | 0.42%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKE HOUSTON REDEVELOPMENT AUTHORITY                                             | FX.RT. MUNI BOND        | CUSIP: 51001QAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128227.86    | 0.39%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CITY UNIFIED SCHOOL DISTRICT/CA                                       | FX.RT. MUNI BOND        | CUSIP: 785870A48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210086.26    | 0.63%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | FX.RT. MUNI BOND        | CUSIP: 13049YFC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $443823.84    | 1.34%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH ECONOMIC DEVELOPMENT AUTHORITY                                            | FX.RT. MUNI BOND        | CUSIP: 26444CJT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103403.92    | 0.31%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DALLAS TX HOTEL OCCUPANCY TAX REVENUE                                    | FX.RT. MUNI BOND        | CUSIP: 235286AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $248864.95    | 0.75%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF MINNEAPOLIS MN                                                           | FX.RT. MUNI BOND        | CUSIP: 60374VES8<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    250000 | PA      | $246049.50    | 0.74%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE          | FX.RT. MUNI BOND        | CUSIP: 64971XP85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $801339.98    | 2.42%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES COUNTY REGIONAL FINANCING AUTHORITY                                  | FX.RT. MUNI BOND        | CUSIP: 54531KAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $230240.32    | 0.70%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONROEVILLE FINANCE AUTHORITY                                                    | FX.RT. MUNI BOND        | CUSIP: 611530DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213666.06    | 0.64%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF AUSTIN TX AIRPORT SYSTEM REVENUE                                         | FX.RT. MUNI BOND        | CUSIP: 052398HH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550058.90    | 1.66%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES WATER AUTHORITY WATER SUPPLY SYSTEM REVENUE                          | FX.RT. MUNI BOND        | CUSIP: 39081JAX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $710250.72    | 2.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEDERLAND INDEPENDENT SCHOOL DISTRICT                                            | FX.RT. MUNI BOND        | CUSIP: 639795NV1<br>LEI: 5493003IBC6LX6R4CG47 | Long             | DBT              | MUN               | US        |    675000 | PA      | $768121.18    | 2.32%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY  AND  COUNTY OF SAN FRANCISCO CA                                            | FX.RT. MUNI BOND        | CUSIP: 79765D5C0<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    260000 | PA      | $295468.55    | 0.89%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINONA INDEPENDENT SCHOOL DISTRICT NO 861                                        | FX.RT. MUNI BOND        | CUSIP: 975237GL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1067746.14   | 3.22%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA AIRPORT SYSTEM REVENUE                                     | FX.RT. MUNI BOND        | CUSIP: 542403DG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $259539.82    | 0.78%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LONG BEACH CA AIRPORT SYSTEM REVENUE                                     | FX.RT. MUNI BOND        | CUSIP: 542403CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $219481.74    | 0.66%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO HIGHER EDUCATIONAL FACILITY COMMISSION                                      | FX.RT. MUNI BOND        | CUSIP: 67756DD45<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    175000 | PA      | $180239.89    | 0.54%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH SAN FRANCISCO PUBLIC FACILITIES FINANCING AUTHORITY                        | FX.RT. MUNI BOND        | CUSIP: 840035CA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $224592.52    | 0.68%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH SAN FRANCISCO PUBLIC FACILITIES FINANCING AUTHORITY                        | FX.RT. MUNI BOND        | CUSIP: 840035CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $195460.83    | 0.59%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA                                                               | FX.RT. MUNI BOND        | CUSIP: 735389V47<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530239.40    | 1.60%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF ROCKPORT IN                                                              | FX.RT. MUNI BOND        | CUSIP: 773835BX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196596.32    | 0.59%             | 2025-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SOUTH JERSEY TRANSPORTATION AUTHORITY                                            | FX.RT. MUNI BOND        | CUSIP: 838536MG2<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |    200000 | PA      | $218013.94    | 0.66%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS A AND M UNIVERSITY                                                         | FX.RT. MUNI BOND        | CUSIP: 88213ASU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $287714.30    | 0.87%             | 2037-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN NASHVILLE AIRPORT AUTHORITY/THE                                     | FX.RT. MUNI BOND        | CUSIP: 592190QR6<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    100000 | PA      | $110667.93    | 0.33%             | 2036-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELECTRIC POWER AUTHORITY                                             | FX.RT. MUNI BOND        | CUSIP: 74526QPK2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    140000 | PA      | $140586.82    | 0.42%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO HIGHWAY  AND  TRANSPORTATION AUTHORITY                               | FX.RT. MUNI BOND        | CUSIP: 745190E79<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | PR        |     25000 | PA      | $25238.18     | 0.08%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                 | FX.RT. MUNI BOND        | CUSIP: 13033LS65<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105043.53    | 0.32%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY HEALTH CARE FACILITIES FINANCING AUTHORITY                            | FX.RT. MUNI BOND        | CUSIP: 64579XCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76240.31     | 0.23%             | 2023-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LORAIN COUNTY PORT AUTHORITY                                                     | FX.RT. MUNI BOND        | CUSIP: 54361RAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51059.27     | 0.15%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LAS VEGAS NV                                                             | FX.RT. MUNI BOND        | CUSIP: 517779AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10152.93     | 0.03%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST HEMPFIELD TOWNSHIP INDUSTRIAL DEVELOPMENT AUTHORITY                         | FX.RT. MUNI BOND        | CUSIP: 273007AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40476.14     | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ILLINOIS                                                                | FX.RT. MUNI BOND        | CUSIP: 452152SQ5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50479.83     | 0.15%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CHICAGO IL                                                               | FX.RT. MUNI BOND        | CUSIP: 167486SL4<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |     75000 | PA      | $74855.30     | 0.23%             | 2024-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MIAMI-DADE FL AVIATION REVENUE                                         | FX.RT. MUNI BOND        | CUSIP: 59333PH27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117741.01    | 0.36%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                                       | FX.RT. MUNI BOND        | CUSIP: 59447PYM7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    240000 | PA      | $243169.39    | 0.73%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST SHORE AREA AUTHORITY                                                        | FX.RT. MUNI BOND        | CUSIP: 95581QAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50343.86     | 0.15%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT AUTHORITY OF COBB COUNTY/THE                                         | FX.RT. MUNI BOND        | CUSIP: 190778FU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101118.97    | 0.31%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY                           | FX.RT. MUNI BOND        | CUSIP: 13080SJL9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    225000 | PA      | $231618.83    | 0.70%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF DEEPHAVEN MN                                                             | FX.RT. MUNI BOND        | CUSIP: 24380HAU6<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |     25000 | PA      | $24890.80     | 0.08%             | 2025-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CHICAGO O'HARE INTERNATIONAL AIRPORT                                             | FX.RT. MUNI BOND        | CUSIP: 167593RQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100147.27    | 0.30%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CHICAGO IL WASTEWATER TRANSMISSION REVENUE                               | FX.RT. MUNI BOND        | CUSIP: 167727WK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51739.19     | 0.16%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CHICAGO IL WASTEWATER TRANSMISSION REVENUE                               | FX.RT. MUNI BOND        | CUSIP: 167727WM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $612166.26    | 1.85%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF OHIO                                                                    | FX.RT. MUNI BOND        | CUSIP: 67756CCN6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103831.96    | 0.31%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FINANCE AUTHORITY                                                       | FX.RT. MUNI BOND        | CUSIP: 45204EBC1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103248.92    | 0.31%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CHICAGO IL WATERWORKS REVENUE                                            | FX.RT. MUNI BOND        | CUSIP: 167736E45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103804.80    | 0.31%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND COUNTY MUNICIPAL AUTHORITY                                            | FX.RT. MUNI BOND        | CUSIP: 230614LD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101592.14    | 0.31%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK                                | FX.RT. MUNI BOND        | CUSIP: 837152UL9<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |    200000 | PA      | $174964.42    | 0.53%             | 2036-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ILLINOIS                                                                | FX.RT. MUNI BOND        | CUSIP: 452227KR1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100734.75    | 0.30%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ILLINOIS                                                                | FX.RT. MUNI BOND        | CUSIP: 452152G70<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103374.65    | 0.31%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTHORITY OF NEW YORK  AND  NEW JERSEY                                      | FX.RT. MUNI BOND        | CUSIP: 73358WC93<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    670000 | PA      | $689008.37    | 2.08%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBANY CAPITAL RESOURCE CORP                                                     | FX.RT. MUNI BOND        | CUSIP: 012432CH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103319.37    | 0.31%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TSASC INC/NY                                                                     | FX.RT. MUNI BOND        | CUSIP: 898526EU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105042.45    | 0.32%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                        | FX.RT. MUNI BOND        | CUSIP: 64577BE26<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106867.96    | 0.32%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY                                        | FX.RT. MUNI BOND        | CUSIP: 64577BD84<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    270000 | PA      | $279989.41    | 0.85%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON HIGHER EDUCATION FINANCE CORP                                          | FX.RT. MUNI BOND        | CUSIP: 041806MN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $169058.60    | 0.51%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HIGH PLAINS METROPOLITAN DISTRICT                                                | FX.RT. MUNI BOND        | CUSIP: 42970NAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108531.43    | 0.33%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | FX.RT. MUNI BOND        | CUSIP: 13049UCY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    160000 | PA      | $168211.50    | 0.51%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY                                 | FX.RT. MUNI BOND        | CUSIP: 13032UNQ7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    250000 | PA      | $271013.80    | 0.82%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF JEFFERSON AL                                                           | FX.RT. MUNI BOND        | CUSIP: 472628QX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108659.56    | 0.33%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON HIGHER EDUCATION FINANCE CORP                                            | FX.RT. MUNI BOND        | CUSIP: 187145GX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260353.10    | 0.79%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ILLINOIS                                                                | FX.RT. MUNI BOND        | CUSIP: 452152Q46<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    125000 | PA      | $129019.09    | 0.39%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHLANDS METROPOLITAN DISTRICT NO 1                                            | FX.RT. MUNI BOND        | CUSIP: 84454RAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $92030.69     | 0.28%             | 2027-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSPORTATION AUTHORITY                                            | FX.RT. MUNI BOND        | CUSIP: 59261AQF7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $94001.36     | 0.28%             | 2034-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA                                                               | FX.RT. MUNI BOND        | CUSIP: 735389F52<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    300000 | PA      | $319419.51    | 0.96%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON HIGHER EDUCATION FINANCE CORP                                          | FX.RT. MUNI BOND        | CUSIP: 041806QH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204951.22    | 0.62%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF LOS ANGELES DEPARTMENT OF AIRPORTS                                       | FX.RT. MUNI BOND        | CUSIP: 544445FP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $304814.37    | 0.92%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY COUNTY HOSPITAL DEVELOPMENT AUTHORITY                                  | FX.RT. MUNI BOND        | CUSIP: 01728A3S3<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213572.64    | 0.64%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT                                         | FX.RT. MUNI BOND        | CUSIP: 803301DH0<br>LEI: 549300JY4SF4DU1YDF85 | Long             | DBT              | MUN               | US        |    560000 | PA      | $586877.59    | 1.77%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF MINNEAPOLIS MN                                                           | FX.RT. MUNI BOND        | CUSIP: 60374VEB5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    265000 | PA      | $278796.43    | 0.84%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST TAMMANY PARISH HOSPITAL SERVICE DISTRICT NO 1                                 | FX.RT. MUNI BOND        | CUSIP: 793556CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204028.64    | 0.62%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE UNIVERSITY                                                      | FX.RT. MUNI BOND        | CUSIP: 13077DFG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96892.06     | 0.29%             | 2025-11-01      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| CENTRAL TEXAS REGIONAL MOBILITY AUTHORITY                                        | FX.RT. MUNI BOND        | CUSIP: 155498GE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210396.18    | 0.64%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS AREA RAPID TRANSIT                                                        | FX.RT. MUNI BOND        | CUSIP: 235241TG1<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    100000 | PA      | $113247.10    | 0.34%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH WATER  AND  SEWER AUTHORITY                                           | FX.RT. MUNI BOND        | CUSIP: 725304VF3<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155643.65    | 0.47%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA TURNPIKE COMMISSION                                                 | FX.RT. MUNI BOND        | CUSIP: 709224N39<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    285000 | PA      | $315025.86    | 0.95%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA                                                             | FX.RT. MUNI BOND        | CUSIP: 25483VVJ0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    165000 | PA      | $169830.75    | 0.51%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA                                                               | FX.RT. MUNI BOND        | CUSIP: 735389H84<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208459.60    | 0.63%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUNICIPAL FINANCE AUTHORITY                                           | FX.RT. MUNI BOND        | CUSIP: 13048VKV9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    175000 | PA      | $172833.33    | 0.52%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPORTS AUTHORITY                                       | FX.RT. MUNI BOND        | CUSIP: 592647GC9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    130000 | PA      | $140613.20    | 0.42%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY INDUSTRIAL DEVELOPMENT AUTHORITY                                     | FX.RT. MUNI BOND        | CUSIP: 48504NAP4<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    155000 | PA      | $163617.95    | 0.49%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA INDUSTRIAL DEVELOPMENT  AND  EXPORT AUTHORITY                             | FX.RT. MUNI BOND        | CUSIP: 011903FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107905.49    | 0.33%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTHORITY                                               | FX.RT. MUNI BOND        | CUSIP: 392274Y75<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    500000 | PA      | $523883.05    | 1.58%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEVELOPMENT BOARD                                                    | FX.RT. MUNI BOND        | CUSIP: 882854Y97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $251149.17    | 0.76%             | 2035-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN NASHVILLE AIRPORT AUTHORITY/THE                                     | FX.RT. MUNI BOND        | CUSIP: 592190NY4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    250000 | PA      | $267624.03    | 0.81%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF NEW YORK NY                                                              | FX.RT. MUNI BOND        | CUSIP: 64966QGQ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $274578.95    | 0.83%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN ILLINOIS UNIVERSITY                                                     | FX.RT. MUNI BOND        | CUSIP: 665245YB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103877.46    | 0.31%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATE PUBLIC WORKS BOARD                                              | FX.RT. MUNI BOND        | CUSIP: 13068L5P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205355.90    | 0.62%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STATE OF CONNECTICUT SPECIAL TAX REVENUE                                         | FX.RT. MUNI BOND        | CUSIP: 207758ZW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112986.68    | 0.34%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ILLINOIS                                                                | MUNI ORIG ISSUE DISC    | CUSIP: 452152A84<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97433.80     | 0.29%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YUBA COMMUNITY COLLEGE DISTRICT                                                  | MUNI ORIG ISSUE DISC    | CUSIP: 988176HS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $541457.99    | 1.63%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAN BERNARDINO CITY UNIFIED SCHOOL DISTRICT                                      | MUNI ORIG ISSUE DISC    | CUSIP: 796711B81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $325596.22    | 0.98%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STATE OF TEXAS                                                                   | MUNI ORIG ISSUE DISC    | CUSIP: 882724EP8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    675000 | PA      | $626329.53    | 1.89%             | 2034-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY                                 | MUNI PUT BOND ACT       | CUSIP: 130536KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $147923.99    | 0.45%             | 2027-12-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT AUTHORITY OF BURKE COUNTY/THE                                        | MUNI PUT BOND ACT       | CUSIP: 121342NR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93935.95     | 0.28%             | 2040-01-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DISTRICT                                                   | MUNI PUT BOND ACT       | CUSIP: 09182RAF8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100158.86    | 0.30%             | 2048-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY PUBLIC ENERGY AUTHORITY                                                 | MUNI PUT BOND ACT       | CUSIP: 74440DBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199479.68    | 0.60%             | 2049-01-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTHORITY                                                              | MUNI PUT BOND ACT       | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158624.34    | 0.48%             | 2043-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND POWER AUTHORITY                                                      | MUNI PUT BOND ACT       | CUSIP: 542691DM9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    325000 | PA      | $296097.88    | 0.89%             | 2050-09-01      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| FORT BEND INDEPENDENT SCHOOL DISTRICT                                            | MUNI PUT BOND ACT       | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $192795.25    | 0.58%             | 2051-08-01      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| HOUSTON INDEPENDENT SCHOOL DISTRICT                                              | MUNI PUT BOND ACT       | CUSIP: 442403PS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247343.88    | 0.75%             | 2039-06-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| OHIO AIR QUALITY DEVELOPMENT AUTHORITY                                           | MUNI PUT BOND ACT       | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250633.93    | 0.76%             | 2030-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY                                  | MUNI PUT BOND ACT       | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    325000 | PA      | $325059.41    | 0.98%             | 2053-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT AUTHORITY OF BURKE COUNTY/THE                                        | MUNI PUT BOND ACT       | CUSIP: 121342QD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246768.20    | 0.74%             | 2049-12-01      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                | MUNI PUT BOND ACT       | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159504.84    | 0.48%             | 2053-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| COUNTY OF HAMILTON OH SALES TAX REVENUE                                          | MUNI. ZERO              | CUSIP: 407287KP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $144572.11    | 0.44%             | 2026-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUTNAM SHORT TERM INVESTMENT FUND                                                | SHORT TERM INV FUND     | CUSIP: 74676P664<br>LEI: 5493003MK0Q7JP8CPP42 | Long             | STIV             | PF                | US        |   1062919 | NS      | $1062919.00   | 3.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CITY OF ROCHESTER MN                                                             | VAR.RT.MUNI NOTE NT     | CUSIP: 771902FC2<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.51%             | 2038-11-15      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT STATE HEALTH  AND  EDUCATIONAL FACILITIES AUTHORITY                  | VAR.RT.MUNI NOTE NT     | CUSIP: 20774LRU1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 4.53%             | 2036-07-01      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTHORITY                                                          | VAR.RT.MUNI NOTE NT     | CUSIP: 072024VZ2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.51%             | 2053-04-01      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH OF PUERTO RICO                                                      | VARIABLE RATE MUNI BOND | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     48829 | PA      | $17334.46     | 0.05%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF SAN BERNARDINO CA                                                      | VARIABLE RATE MUNI BOND | CUSIP: 796839AQ1<br>LEI: 254900RTS8DDNPA7MX91 | Long             | DBT              | MUN               | US        |     75000 | PA      | $74753.33     | 0.23%             | 2023-08-01      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-26

**Name of Applicant:** Putnam Investments Inc

**Signature:** Janet C. Smith

**Name of Signer:** NPORT

**Title:** Principal Financial Officer