First Trust Ultra Short Duration Municipal ETF (FUMB)
Holdings of the Fund as of 2/5/2026

Total Number of Holdings (excluding cash): 226

Security Name Identifier CUSIP Shares / Quantity Market Value Weighting Descending sort
NATIONAL FIN AUTH NH SOL WST DISP REV Variable rate, due 07/01/2033 63608RAF1 3,500,000 $3,504,063.15 1.45%
MIAMI-DADE CNTY FL SCH BRD CTFS PARTN N/C, 5%, due 05/01/2026 59333MW68 2,690,000 $2,706,873.56 1.12%
DALLAS-FORT WORTH TX INTL ARPT REV N/C, 5%, due 11/01/2027 23503CFN2 2,000,000 $2,080,450.80 0.86%
MASSACHUSETTS ST PORT AUTH N/C, 5%, due 07/01/2027 575896SZ9 2,000,000 $2,066,758.80 0.86%
N TX TOLLWAY AUTH REVENUE N/C, 5%, due 01/01/2027 66285WU95 2,000,000 $2,049,277.60 0.85%
MIAMI-DADE CNTY FL WTR & SWR REV N/C, 5%, due 10/01/2026 59334DQQ0 2,000,000 $2,035,799.80 0.84%
NEW JERSEY ST ECON DEV AUTH REV 5.25%, due 09/01/2026 64577B6K5 2,000,000 $2,033,580.80 0.84%
OHIO ST AIR QUALITY DEV AUTH Variable rate, due 11/01/2039 677525WV5 2,000,000 $2,033,270.00 0.84%
SALT LAKE CITY UT ARPT REVENUE N/C, 5%, due 07/01/2026 795576FK8 2,000,000 $2,019,911.00 0.84%
MOBILE AL INDL DEV BRD POLL CONTROL Variable rate, due 07/15/2034 607167DX8 2,000,000 $2,001,198.00 0.83%
TENDER OPTION BOND TRUST RECPTS Variable rate, due 10/01/2026 88035FW71 2,000,000 $2,000,000.00 0.83%
ALLEN CNTY OH HOSP FACS REVENUE N/C, 5%, due 08/01/2026 01757LFR2 1,810,000 $1,832,800.57 0.76%
GREENVILLE CNTY SC SCH DIST N/C, 5%, due 06/29/2026 396064G76 1,820,000 $1,839,465.63 0.76%
LOS ANGELES CA DEPT OF ARPTS N/C, 5%, due 05/15/2027 544445XQ7 1,790,000 $1,845,665.96 0.76%
MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH N/C, 5%, due 07/01/2027 57421CJE5 1,780,000 $1,843,412.86 0.76%
TARRANT CNTY TX CULTURAL EDU FACS FIN CORP N/C, 5%, due 10/01/2027 87638QUJ6 1,745,000 $1,818,447.05 0.75%
SOUTH CAROLINA ST ASSN OF GOVTL ORGS CTFS PARTN N/C, 5%, due 03/02/2026 836895FT4 1,795,000 $1,798,304.60 0.74%
GEISINGER PA AUTH HLTH SYS REV Variable rate, due 04/01/2043 368497JX2 1,750,000 $1,773,080.05 0.73%
HUBER HEIGHTS OH N/C, 5%, due 06/25/2026 443524XD0 1,750,000 $1,765,927.63 0.73%
MISSOURI ST HIGHWAY & TRANSPRTN COMMN N/C, 5%, due 05/01/2026 60636WSY2 1,750,000 $1,761,689.83 0.73%
PEFA INC IA GAS PROJ REVENUE Variable rate, due 09/01/2049 70556CAB0 1,735,000 $1,756,690.28 0.73%
BLACK BELT ENERGY GAS DIST AL Variable rate, due 10/01/2052 09182TAM9 1,725,000 $1,743,803.36 0.72%
BROWARD CNTY FL SCH DIST N/C, 4%, due 06/25/2026 115067MT4 1,675,000 $1,685,504.43 0.70%
HAMILTON CNTY OH HOSP FACS REV Variable rate, due 08/15/2051 4072722B8 1,700,000 $1,700,000.00 0.70%
WEST VIRGINIA ST HSG DEV FUND MF HSG Variable rate, due 11/01/2028 956629AK5 1,650,000 $1,653,110.25 0.68%
BURKE CNTY GA DEV AUTH POLL CTRL REV Variable rate, due 11/01/2052 121342PQ6 1,600,000 $1,600,000.00 0.66%
CHATTANOOGA TN HLTH EDUCTNL & HSG FAC BRD REV N/C, 5%, due 08/01/2026 162410DX9 1,570,000 $1,587,563.28 0.66%
FORT WAYNE IN CMNTY SCHS N/C, 5%, due 01/15/2027 349244HB2 1,500,000 $1,535,463.90 0.64%
ILLINOIS ST SALES TAX REVENUE N/C, 5%, due 06/15/2027 452227VT5 1,500,000 $1,553,199.90 0.64%
NORTH CAROLINA ST GRANT ANTICIPATION REV N/C, 5%, due 03/01/2027 658268EY9 1,500,000 $1,544,961.00 0.64%
PERRY TWP IN SCHS MARION CNTY N/C, 5%, due 01/15/2027 715000CG8 1,500,000 $1,535,463.90 0.64%
PMA LEVY & AID ANTIC NTS PROGRAM WI N/C, 5%, due 09/24/2026 730146DQ7 1,520,000 $1,542,288.37 0.64%
TRIBOROUGH NY BRIDGE & TUNNEL AUTH N/C, 5%, due 03/15/2027 89602HJA6 1,500,000 $1,546,248.90 0.64%
BRISTOL WARREN RI REGL SCH DIST N/C, 5%, due 06/04/2026 110377DP0 1,500,000 $1,512,116.55 0.63%
FALL RIVER MA N/C, 4%, due 01/29/2027 3062977Y2 1,500,000 $1,522,660.35 0.63%
HAMILTON CNTY OH SALES TAX N/C, 5%, due 12/01/2026 407287MX6 1,500,000 $1,531,338.30 0.63%
ILLINOIS ST FIN AUTH REVENUE 4%, due 02/15/2036 45204FP33 1,500,000 $1,526,585.25 0.63%
ILLINOIS ST N/C, 5%, due 12/01/2026 452152V65 1,500,000 $1,531,777.80 0.63%
JERSEY CITY NJ REDEV AGY N/C, 5%, due 12/09/2026 476637BM4 1,500,000 $1,529,046.30 0.63%
LOS ANGELES CA N/C, 5%, due 06/25/2026 544351SF7 1,500,000 $1,516,599.15 0.63%
MET WASHINGTON DC ARPTS AUTH N/C, 5%, due 10/01/2026 592647HF1 1,500,000 $1,525,178.55 0.63%
MORRIS TWP NJ 3.75%, due 09/24/2026 618329QC3 1,500,000 $1,512,428.10 0.63%
OLATHE KS N/C, 5%, due 09/01/2026 679384RC3 1,500,000 $1,522,639.80 0.63%
PEABODY MA N/C, 4%, due 07/10/2026 70457PHD0 1,500,000 $1,510,622.85 0.63%
QUINCY MA N/C, 5%, due 07/24/2026 748508Y93 1,500,000 $1,518,325.65 0.63%
SALISBURY MA N/C, 4%, due 09/03/2026 795302KQ0 1,500,000 $1,514,211.00 0.63%
SELKIRK FIRE DIST NY N/C, 4.25%, due 08/28/2026 81640AAA1 1,500,000 $1,515,663.60 0.63%
TONAWANDA TOWN NY N/C, 4%, due 08/21/2026 890210RJ8 1,500,000 $1,513,435.80 0.63%
VOORHEES TWP NJ N/C, 4%, due 09/17/2026 928895RQ6 1,500,000 $1,514,463.15 0.63%
WESTFIELD NJ SCH DIST N/C, 4%, due 09/03/2026 960130LY6 1,500,000 $1,514,034.15 0.63%
WHITING IN ENVRNMNTL FACS REV Variable rate, due 12/01/2044 96634RAU6 1,500,000 $1,511,278.35 0.63%
BREVARD CNTY FL HSG FIN AUTH MF HSG Variable rate, due 02/01/2028 106904FY6 1,500,000 $1,509,267.45 0.62%
CALIFORNIA ST MUNI FIN AUTH SOL WST DISP Variable rate, due 07/01/2051 13048RAK3 1,500,000 $1,500,418.80 0.62%
CENTRL TX REGL MOBILITY AUTH REV 5%, due 01/01/2027 155498LY2 1,500,000 $1,509,342.30 0.62%
COLUMBUS GA MED CTR HOSP AUTH Variable rate, due 07/01/2054 199124BQ0 1,500,000 $1,503,332.85 0.62%
CUMBERLAND CNTY NC INDL FACS & POLL CTRL FING AUTH Variable rate, due 12/01/2027 230589AB9 1,500,000 $1,501,351.35 0.62%
DENVER CITY & CNTY CO ARPT REV N/C, 5%, due 12/01/2026 249182KZ8 1,460,000 $1,488,774.99 0.62%
HEUVELTON NY CENTRL SCH DIST N/C, 4%, due 06/18/2026 428218EW7 1,500,000 $1,508,266.50 0.62%
ILLINOIS ST FIN AUTH REVENUE Variable rate, due 08/15/2049 45204FAH8 1,500,000 $1,500,000.00 0.62%
INDIANA ST FIN AUTH ECON DEV REV Variable rate, due 05/01/2028 45505RBN4 1,500,000 $1,500,314.40 0.62%
MAIN STREET NATURAL GAS INC GA Variable rate, due 03/01/2050 56035DCR1 1,500,000 $1,509,057.75 0.62%
MET GOVT NASHVILLE & DAVIDSON CNTY TN Variable rate, due 12/01/2042 592113CW2 1,500,000 $1,508,850.75 0.62%
NEW BRUNSWICK NJ N/C, 5%, due 04/28/2026 642815V92 1,500,000 $1,508,809.35 0.62%
OHIO ST AIR QUALITY DEV AUTH N/C, 3.20%, due 05/01/2026 677525WY9 1,500,000 $1,500,122.85 0.62%
RALEIGH DURHAM NC ARPT AUTH ARPT REV N/C, 5%, due 05/01/2026 751073KZ9 1,490,000 $1,498,170.11 0.62%
RICHMOND VA REDEV & HSG AUTH MF REV Variable rate, due 12/01/2055 76543PBC1 1,500,000 $1,500,938.70 0.62%
SOUTH CAROLINA ST JOBS-ECON DEV AUTH N/C, 5%, due 05/01/2026 83703FKY7 1,500,000 $1,508,763.00 0.62%
COOK CNTY IL HIGH SCH DIST 207 N/C, 5%, due 12/01/2026 215543LZ0 1,400,000 $1,428,856.38 0.59%
NORTH SYRACUSE NY CENTRL SCH DIST N/C, 4%, due 07/31/2026 662735PJ2 1,357,020 $1,367,358.86 0.57%
CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT N/C, 5%, due 06/01/2026 20282EAG1 1,310,000 $1,321,151.51 0.55%
BRISTOL-PLYMOUTH MA REGL VOTECH SCH DIST N/C, 4%, due 02/17/2027 110156CY0 1,250,000 $1,271,016.38 0.53%
NEW YORK ST DORM AUTH REVENUES N/C, 5%, due 10/01/2026 64985SCX9 1,250,000 $1,273,277.50 0.53%
COLORADO ST EDUC LOAN PROGRAM N/C, 5%, due 06/30/2026 19672MDG0 1,235,000 $1,248,193.75 0.52%
HARTFORD CT SPL OBLIG N/C, 5%, due 07/15/2026 416464AM7 1,250,000 $1,265,167.50 0.52%
ILLINOIS ST FIN AUTH REVENUE N/C, 5%, due 02/15/2026 45204EES3 1,250,000 $1,250,750.87 0.52%
METUCHEN NJ N/C, 4%, due 07/07/2026 592693PL3 1,250,000 $1,258,710.38 0.52%
MICHIGAN ST FIN AUTH REVENUE N/C, 5%, due 08/20/2026 59447UAC4 1,250,000 $1,267,169.25 0.52%
NEW YORK ST DORM AUTH REVENUES Variable rate, due 05/01/2048 64990GTD4 1,250,000 $1,252,505.25 0.52%
NEWARK NJ N/C, 5%, due 07/15/2027 650367TJ4 1,205,000 $1,245,477.40 0.52%
PENNSYLVANIA ST ECON DEV FING AUTH Variable rate, due 12/01/2030 708692BE7 1,250,000 $1,250,570.38 0.52%
SOUTH KINGSTOWN RI N/C, 4%, due 06/25/2026 838566S40 1,250,000 $1,257,706.13 0.52%
WATERLOO NY CENTRL SCH DIST 3.75%, due 07/30/2026 941774MT5 1,250,000 $1,258,660.50 0.52%
WINCHESTER MA N/C, 4%, due 03/26/2026 9730245V0 1,250,000 $1,252,944.25 0.52%
DU PAGE CNTY IL FOREST PRESERVE DIST N/C, 5%, due 11/01/2026 262651VG4 1,175,000 $1,197,601.60 0.50%
MET WASHINGTON DC ARPTS AUTH N/C, 5%, due 10/01/2026 592647LJ8 1,200,000 $1,220,142.84 0.50%
MISSOURI ST HLTH & EDUCTNL FACS AUTH Variable rate, due 05/01/2051 60637ATQ5 1,200,000 $1,204,097.76 0.50%
UNIV HOSPS & CLINICS AUTH WI Variable rate, due 04/01/2054 915260FV0 1,200,000 $1,200,000.00 0.50%
RICHARDSON TX N/C, 5%, due 02/15/2026 763227U60 1,170,000 $1,170,831.52 0.48%
DIST OF COLUMBIA HSG FIN AGY MF HSG REV Variable rate, due 09/01/2041 25477PQG3 1,145,000 $1,145,697.08 0.47%
KING CNTY WA SCH DIST 409 N/C, 5%, due 12/01/2026 495188QB3 1,100,000 $1,125,207.16 0.47%
LEMONT IL FIRE PROT DIST N/C, 5%, due 12/30/2026 525680BH6 1,115,000 $1,141,077.29 0.47%
REGL TRANSIT AUTH LA SALES TAX REV N/C, 5%, due 01/01/2027 75912RCD9 1,110,000 $1,136,644.77 0.47%
CLARK CNTY NV ARPT REVENUE N/C, 5%, due 07/01/2026 18085PTC8 1,100,000 $1,111,842.05 0.46%
MET TRANSPRTN AUTH NY REVENUE N/C, 5%, due 11/15/2026 59261A5R4 1,030,000 $1,051,991.43 0.44%
SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH N/C, 5%, due 08/01/2026 83755VZ64 1,045,000 $1,058,265.65 0.44%
ADAMS & ARAPAHOE CNTYS CO JT SCH DIST 28J N/C, 5.50%, due 12/01/2026 0054824G6 1,000,000 $1,027,283.00 0.43%
BLACK BELT ENERGY GAS DIST AL 5%, due 08/01/2027 09182TFA0 1,000,000 $1,032,710.20 0.43%
MASSACHUSETTS ST DEV FIN AGY REV N/C, 5%, due 07/01/2027 57585BNJ3 1,000,000 $1,035,906.40 0.43%
MEDFORD OR HOSP FACS AUTH REV N/C, 5%, due 08/15/2027 584283GK5 1,000,000 $1,038,430.60 0.43%
MICHIGAN ST FIN AUTH REVENUE N/C, 5%, due 07/01/2027 59447UAF7 1,000,000 $1,035,906.40 0.43%
MISSOURI ST HLTH & EDUCTNL FACS AUTH N/C, 5%, due 11/15/2027 60637AXU1 1,000,000 $1,042,365.20 0.43%
PARK CREEK MET DIST CO LIMITED PROP TAX N/C, 5%, due 12/01/2027 700385BP1 1,000,000 $1,046,337.50 0.43%
PHILADELPHIA PA ARPT REVENUE N/C, 5%, due 07/01/2027 717817TZ3 995,000 $1,027,376.31 0.43%
PORT OF SEATTLE WA REVENUE N/C, 5%, due 05/01/2027 735389C63 1,000,000 $1,028,668.00 0.43%
AMHERST NY CENTRL SCH DIST N/C, 4%, due 08/05/2026 031321LS9 1,008,317 $1,017,042.57 0.42%
BERGEN CNTY NJ IMPT AUTH N/C, 4%, due 05/21/2026 083773EC1 1,000,000 $1,004,748.90 0.42%
BLACK BELT ENERGY GAS DIST AL Variable rate, due 10/01/2052 09182TAF4 1,000,000 $1,010,900.50 0.42%
CHARLOTTE-MECKLENBURG NC HOSP AUTH Variable rate, due 01/15/2050 160853VF1 1,000,000 $1,009,247.10 0.42%
CHICAGO IL O'HARE INTL ARPT REV N/C, 5%, due 01/01/2027 1675935K4 1,000,000 $1,020,930.90 0.42%
ESSEX CNTY NJ IMPT AUTH N/C, 5%, due 03/17/2026 296807MM9 1,000,000 $1,003,014.70 0.42%
FLORIDA ST MID-BAY BRIDGE AUTH N/C, 5%, due 10/01/2026 342814EC0 1,000,000 $1,015,477.60 0.42%
GTR ORLANDO FL AVIATION AUTH ARPT FACS 5%, due 10/01/2041 392274R73 1,000,000 $1,015,346.90 0.42%
HARRIS CNTY TX CULTURAL EDU FACS FIN CORP Variable rate, due 06/01/2032 414009PP9 1,000,000 $1,019,626.90 0.42%
HARRIS CNTY-HOUSTON TX SPORTS AUTH N/C, 5%, due 11/15/2026 413890GP3 1,000,000 $1,019,483.50 0.42%
HOUSTON TX ARPT SYS REVENUE N/C, 5%, due 07/15/2027 442349DJ2 1,000,000 $1,018,346.50 0.42%
HUDSON CNTY NJ IMPT AUTH N/C, 4%, due 06/24/2026 443728GN4 1,000,000 $1,006,080.30 0.42%
HUDSON MA N/C, 5%, due 06/11/2026 443852XA1 1,000,000 $1,004,903.10 0.42%
ILLINOIS ST N/C, 5%, due 12/01/2026 452152S51 1,000,000 $1,021,185.20 0.42%
INDIANA ST MUNI PWR AGY N/C, 5%, due 01/01/2027 454898YD3 1,000,000 $1,024,638.80 0.42%
MASSACHUSETTS ST DEV FIN AGY REV N/C, 5%, due 07/01/2026 57585BJG4 1,000,000 $1,007,613.80 0.42%
MCCOOK NE 4.50%, due 09/01/2027 579729EW0 1,000,000 $1,012,209.00 0.42%
NEW JERSEY ST N/C, 5%, due 06/01/2026 646039YK7 1,000,000 $1,008,996.90 0.42%
NEW MEXICO FIN AUTH REVENUE N/C, 5%, due 12/15/2026 64711PSZ4 1,000,000 $1,024,360.90 0.42%
SAINT LOUIS MO ARPT REVENUE N/C, 5%, due 07/01/2026 791638L31 1,000,000 $1,009,915.00 0.42%
TEXAS ST DEPT OF HSG & CMNTY AFFAIRS MF HSG Variable rate, due 03/01/2041 88275AEP1 1,000,000 $1,003,109.30 0.42%
ARLINGTON CNTY VA INDL DEV AUTH Variable rate, due 12/01/2055 04144PDY6 1,000,000 $1,000,217.10 0.41%
CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK Variable rate, due 01/01/2065 13034A7F1 1,000,000 $1,000,486.10 0.41%
CYPRESS-FAIRBANKS TX INDEP SCH DIST N/C, 5%, due 02/15/2026 232769KX6 1,000,000 $1,000,692.80 0.41%
DIST OF COLUMBIA HSG FIN AGY MF HSG Variable rate, due 09/01/2040 25477PPQ2 1,000,000 $1,001,400.40 0.41%
FULTON CNTY GA WTR & SWR REVENUE 4%, due 01/01/2034 360066NT7 1,000,000 $1,001,655.20 0.41%
IDAHO ST HLTH FACS AUTH HOSP REV Variable rate, due 12/01/2048 45129UCB8 1,000,000 $1,000,059.80 0.41%
KELLER TX INDEP SCH DIST N/C, 5%, due 02/15/2026 487694VE8 1,000,000 $1,000,685.10 0.41%
MET GOVT NASHVILLE & DAVIDSON CNTY TN N/C, 3.35%, due 04/01/2026 592113BY9 1,000,000 $1,000,399.50 0.41%
MICHIGAN ST HSG DEV AUTH MF HSG REV Variable rate, due 05/01/2029 59465FAF7 1,000,000 $1,000,738.40 0.41%
MISSION TX ECON DEV CORP SOL WST DISP Variable rate, due 05/01/2046 605155BR0 1,000,000 $1,000,209.60 0.41%
NEW YORK CITY NY MUNI WTR FIN AUTH Variable rate, due 06/15/2033 64972GZW7 1,000,000 $1,000,000.00 0.41%
NORTH KANSAS CITY MO SCH DIST 74 N/C, 5%, due 03/01/2026 660266LN5 1,000,000 $1,001,855.00 0.41%
PALM BEACH CNTY FL HSG FIN AUTH MF HSG 2.80%, due 02/01/2027 696513AV2 1,000,000 $1,000,111.90 0.41%
PENNSYLVANIA ST ECON DEV FING AUTH Variable rate, due 08/01/2045 708692BG2 1,000,000 $1,000,070.70 0.41%
PLANO TX INDEP SCH DIST N/C, 5%, due 02/15/2026 727199D73 1,000,000 $1,000,708.20 0.41%
RACINE WI 4.50%, due 03/15/2027 750022KQ7 1,000,000 $1,001,972.90 0.41%
SOUTH CAROLINA JOBS-ECON DEV AUTH Variable rate, due 04/01/2033 83703DAA5 1,000,000 $1,001,238.10 0.41%
TEXAS ST AFFORDABLE HSG CORP MF HSG 2.80%, due 02/01/2027 88271FFN8 1,000,000 $1,000,087.00 0.41%
TEXAS ST DEPT OF HSG & CMNTY AFFAIRS MF HSG Variable rate, due 08/01/2028 88275AET3 1,000,000 $1,000,289.00 0.41%
BEREA KY EDUCTNL FACS REVENUE Variable rate, due 06/01/2029 083536BE1 965,000 $965,000.00 0.40%
EAGLE MOUNTAIN & SAGINAW TX INDEP SCH DIST N/C, 5%, due 08/15/2026 269696TH3 895,000 $908,169.57 0.38%
BLACK BELT ENERGY GAS DIST AL 5%, due 08/01/2026 09182TEY9 850,000 $859,055.05 0.36%
MISSOURI ST HLTH & EDUCTNL FACS AUTH N/C, 5%, due 11/15/2026 60637AXT4 855,000 $870,928.22 0.36%
PASCO CNTY FL CAPITAL IMPT CIGARETTE TAX N/C, 5.25%, due 09/01/2026 70252AAB1 865,000 $878,287.78 0.36%
COOK CNTY IL SALES TAX REVENUE N/C, 5%, due 11/15/2027 213248FA0 800,000 $837,021.68 0.35%
MISSION TX ECON DEV CORP SOL WST DISP Variable rate, due 05/01/2050 605155BQ2 850,000 $850,060.10 0.35%
BLACK BELT ENERGY GAS DIST AL N/C, 5%, due 12/01/2027 09182TGN1 800,000 $827,939.20 0.34%
GRAND RAPIDS MI WTR SPLY SYS REV N/C, 5%, due 01/01/2027 386316PX5 750,000 $768,139.13 0.32%
POLK CNTY FL PUBLIC FACS REVENUE N/C, 5%, due 12/01/2026 731124CD3 750,000 $767,001.23 0.32%
PUBLIC FIN AUTH WI HOSP REVENUE N/C, 5%, due 06/01/2027 74442CET7 750,000 $771,567.99 0.32%
LOWER COLORADO RIVER TX AUTH N/C, 5%, due 05/15/2026 54811GQ29 750,000 $755,508.30 0.31%
MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH N/C, 5%, due 07/01/2026 57421CHB3 750,000 $757,679.18 0.31%
MISSION TX ECON DEV CORP SOL WST DISP Variable rate, due 07/01/2040 605155BS8 750,000 $750,157.20 0.31%
PALM BEACH CNTY FL SCH BRD CTFS PARTN N/C, 5%, due 08/01/2026 696550L75 750,000 $759,922.80 0.31%
TULSA CNTY OK INDL AUTH EDUCTNL FACS N/C, 5%, due 09/01/2026 89952PHW8 750,000 $760,169.18 0.31%
UNIV OF SOUTH ALABAMA AL UNIV REV N/C, 5%, due 04/01/2026 914845VB5 750,000 $752,918.10 0.31%
HERITAGE HARBOUR FL N CDD CAP IMPT REV N/C, 5%, due 05/01/2027 42726UAL2 695,000 $714,409.75 0.30%
KYLE TX N/C, 5%, due 08/15/2026 501552NZ2 700,000 $709,931.53 0.29%
WEST BEND WI JT SCH DIST #1 N/C, 4%, due 10/01/2026 951393PX9 700,000 $707,520.45 0.29%
PARK CREEK MET DIST CO LIMITED PROP TAX N/C, 5%, due 12/01/2026 700385BN6 660,000 $673,224.49 0.28%
FLORIDA ST MUNI PWR AGY N/C, 5%, due 10/01/2026 342816T88 645,000 $655,700.10 0.27%
WASHINGTON ST HLTH CARE FACS AUTH N/C, 5%, due 09/01/2026 93978HD28 650,000 $658,887.39 0.27%
IOWA ST FIN AUTH SOL WST FACS REV Variable rate, due 01/01/2042 46246YAB8 620,000 $619,886.73 0.26%
KENTUCKY ST PUBLIC ENERGY AUTH 5%, due 08/01/2026 74440DEP5 615,000 $620,628.11 0.26%
LOWER COLORADO RIVER TX AUTH N/C, 5%, due 05/15/2027 54811GQ37 600,000 $620,653.92 0.26%
N W ALLEN CNTY IN SCHS N/C, 5%, due 01/15/2027 667301CQ6 625,000 $639,541.00 0.26%
MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH N/C, 5%, due 08/15/2026 57421CMY7 600,000 $607,574.64 0.25%
MILFORD OH EXEMPT VLG SCH DIST N/C, 5%, due 12/01/2026 599632LX2 600,000 $612,860.16 0.25%
NEW HOPE CULTURAL ED FACS FIN CORP TX N/C, 5%, due 01/01/2027 64542UHQ0 600,000 $608,896.38 0.25%
WEST BEND WI JT SCH DIST #1 N/C, 4%, due 04/01/2027 951393PY7 600,000 $611,617.62 0.25%
BLACK BELT ENERGY GAS DIST AL Variable rate, due 10/01/2049 09182RBE0 550,000 $553,730.76 0.23%
EL PASO TX INDEP SCH DIST N/C, 5%, due 08/15/2026 283770PZ2 550,000 $557,335.19 0.23%
MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH N/C, 5%, due 08/15/2027 57421CMZ4 535,000 $555,342.14 0.23%
SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL N/C, 5%, due 02/01/2027 84136HBW2 555,000 $566,297.75 0.23%
UPPER TRINITY TX REGL WTR DIST N/C, 5%, due 08/01/2027 916672W20 530,000 $550,562.41 0.23%
BROWARD CNTY FL PORT FACS REV N/C, 5%, due 09/01/2027 11506KHE4 525,000 $542,468.01 0.22%
INDIANA ST FIN AUTH REVENUE N/C, 5%, due 11/15/2027 45506EQD8 500,000 $521,803.90 0.22%
DENVER CITY & CNTY CO SCH DIST 1 N/C, 5%, due 12/01/2026 249174YT4 500,000 $511,581.45 0.21%
LAKELAND FL CAPITAL IMPT REVENUE N/C, 5%, due 10/01/2026 511662ES3 500,000 $508,687.65 0.21%
LOWER COLORADO RIVER TX AUTH N/C, 5%, due 05/15/2027 54811BS36 500,000 $517,211.60 0.21%
MAINE ST MUNI BOND BANK INFRASTRUCTURE REV N/C, 5%, due 09/01/2026 56045PDL4 500,000 $507,863.85 0.21%
MIAMI-DADE CNTY FL EDUCTNL FACS AUTH N/C, 5%, due 04/01/2026 59333AND9 510,000 $511,881.24 0.21%
MINNESOTA ST HSG FIN AGY 4%, due 02/01/2027 60416URD9 500,000 $502,078.55 0.21%
N W ALLEN CNTY IN SCHS N/C, 5%, due 07/15/2026 667301CP8 500,000 $505,379.80 0.21%
NEW HOPE CULTURAL ED FACS FIN CORP TX N/C, 5%, due 01/01/2028 64542UHR8 500,000 $515,499.85 0.21%
NEW YORK CITY NY TRANSITIONAL FIN AUTH Variable rate, due 11/01/2054 64972JSE9 500,000 $500,000.00 0.21%
SEMINOLE CNTY FL SCH DIST SALES TAX REV N/C, 5%, due 10/01/2026 816696AB4 500,000 $509,048.35 0.21%
SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL 5%, due 01/01/2027 84136HBE2 500,000 $507,681.75 0.21%
SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL 5%, due 07/01/2026 84136HBD4 500,000 $503,545.20 0.21%
SOUTHEAST ENERGY AUTHORITY A COOP DIST AL N/C, 5%, due 10/01/2027 84136HCQ4 500,000 $519,071.20 0.21%
UPPER TRINITY TX REGL WTR DIST N/C, 5%, due 08/01/2026 916672Y69 500,000 $506,322.85 0.21%
NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH N/C, 5%, due 05/01/2026 647207BD0 475,000 $477,366.26 0.20%
SAN ANTONIO TX ELEC & GAS REVENUE N/C, 5%, due 02/01/2027 79625GMG5 460,000 $472,628.01 0.20%
SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH N/C, 5%, due 09/01/2026 83755VX33 475,000 $480,953.94 0.20%
BATAVIA NY N/C, 4%, due 04/22/2026 070419MY9 450,000 $451,558.85 0.19%
MASSACHUSETTS ST DEV FIN AGY REV N/C, 5%, due 01/01/2027 57585BDF2 450,000 $457,155.09 0.19%
PLAINFIELD IL WTR & SWR SYS REV N/C, 5%, due 05/01/2026 726273CY9 425,000 $427,493.01 0.18%
DELAWARE ST HLTH FACS AUTH REV N/C, 5%, due 10/01/2026 246388UV2 400,000 $406,646.76 0.17%
MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH N/C, 5%, due 05/15/2026 57421CLB8 400,000 $402,937.76 0.17%
PENNSYLVANIA ST ECON DEV FING AUTH N/C, 5%, due 03/15/2027 70870JHB7 400,000 $410,909.64 0.17%
SAMPSON CNTY NC LIMITED OBLIG N/C, 5%, due 12/01/2027 79588VBV6 400,000 $418,170.28 0.17%
AUSTIN TX ARPT SYS REVENUE N/C, 5%, due 11/15/2027 052398HZ0 380,000 $395,694.65 0.16%
FRANKLIN CNTY OH HOSP FACS REV N/C, 5%, due 11/01/2026 353187EY9 385,000 $392,462.53 0.16%
KENTUCKY ST PROPERTY & BLDGS COMMN N/C, 5%, due 09/01/2026 49151F5W6 375,000 $380,855.03 0.16%
PORT AUTH OF NEW YORK & NEW JERSEY NY N/C, 5%, due 12/01/2026 73358XJU7 375,000 $382,237.13 0.16%
INDIANA FIN AUTH EDUCTNL FACS REV N/C, 5%, due 09/01/2026 45470EEX9 350,000 $354,546.36 0.15%
INDIANA ST FIN AUTH REVENUE N/C, 5%, due 03/01/2026 45506ENL3 365,000 $365,441.47 0.15%
MONTGOMERY CNTY OH HLTH CARE FACS N/C, 5%, due 09/01/2026 613518CN7 340,000 $344,281.11 0.14%
SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL N/C, 5%, due 08/01/2026 84136HBV4 330,000 $333,435.47 0.14%
DOWNTOWN REVITALIZATION PUBLIC DIST UT N/C, 5%, due 06/01/2027 26118TAB6 300,000 $309,932.04 0.13%
FRANKLIN CNTY OH HOSP FACS REV N/C, 5%, due 11/01/2027 353187EZ6 300,000 $313,631.85 0.13%
HAMILTON CNTY OH HLTH CARE REV N/C, 5%, due 01/01/2028 40727RCP1 300,000 $309,524.07 0.13%
MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH N/C, 5%, due 05/15/2027 57421CLC6 300,000 $310,250.07 0.13%
HAMILTON CNTY OH HLTH CARE REV N/C, 5%, due 01/01/2027 40727RCN6 280,000 $284,326.81 0.12%
KENTUCKY ST PROPERTY & BLDGS COMMN N/C, 5%, due 09/01/2026 49151F6U9 275,000 $279,293.69 0.12%
AUSTIN TX ARPT SYS REVENUE N/C, 5%, due 11/15/2026 052398HY3 255,000 $259,592.32 0.11%
COLORADO ST HLTH FACS AUTH REV N/C, 5%, due 05/15/2027 19648FZU1 255,000 $261,039.70 0.11%
FLORIDA DEV FIN CORP HLTHCARE FACS REV N/C, 5%, due 08/01/2027 34061QCY1 250,000 $259,368.48 0.11%
TULSA CNTY OK INDL AUTH EDUCTNL FACS N/C, 5%, due 09/01/2027 89952PHX6 250,000 $259,334.33 0.11%
COLORADO ST HLTH FACS AUTH REV N/C, 5%, due 12/01/2026 19648FYX6 250,000 $253,620.45 0.10%
US Dollar $USD 181,132 $181,131.50 0.07%
TRIPLE CREEK FL CDD SPL ASSMNT 2.50%, due 11/01/2026 89677RAY1 130,000 $128,804.90 0.05%
Holdings are subject to change.

The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.