# EDGAR Filing Document

**Accession Number:** 0000795384
**File Stem:** 0000795384-25-000171
**Filing Date:** 2025-7
**Character Count:** 76015
**Document Hash:** afd64896ea7601f25ea4aef8d45c8c72
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000795384-25-000171.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0000795384-25-000171

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price State Tax-Free Funds, Inc.
- **CENTRAL INDEX KEY:** 0000795384

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04521
- **FILM NUMBER:** 251161461

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T. Rowe Price State Tax-Free Income Trust
- **DATE OF NAME CHANGE:** 20051028

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE STATE TAX FREE INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE NEW YORK TAX FREE INCOME TRUST
- **DATE OF NAME CHANGE:** 19870416

## Series and Classes Contracts Data

### T. Rowe Price Maryland Short-Term Tax-Free Bond Fund (Series ID: S000002147)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000005543 | T. Rowe Price Maryland Short-Term Tax-Free Bond Fund         | PRMDX           |
| C000193182 | T. Rowe Price Maryland Short-Term Tax-Free Bond Fund-I Class | TRMUX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** T. ROWE PRICE STATE TAX-FREE FUNDS, INC.

- **b. Investment Company Act file number:** 811-04521

- **c. CIK number of Registrant:** 0000795384

- **d. LEI of Registrant:** 254900LVB38JKKY7N526

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

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

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

- **a. Name of Series:** T. Rowe Price Maryland Short-Term Tax-Free Bond Fund

- **b. EDGAR series identifier (if any):** S000002147

- **c. LEI of Series:** WKOGU1DPIZVM3C3CWX02

**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:** $165050245.96

**Total Liabilities:** $2983467.68

**Net Assets:** $162066778.28

**Delayed Delivery Securities:** $2500000.00

**Cash Not Reported:** $26835.84

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -495.985618 | **1-Year:** -16081.314468 | **5-Year:** -11246.245407 | **10-Year:** -120.993525 | **30-Year:** 0.000000

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

- **3-Month:** -8.264444 | **1-Year:** -1131.964544 | **5-Year:** -714.647572 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000005543 | -0.19%               | 0.01%                | 0.42%                |
| Class ID C000193182 | 0.01%                | -0.17%               | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4427.57                | $-566584.96                                |
| Month 2  | $-5291.87                | $-584571.65                                |
| Month 3  | $-11818.36               | $465003.70                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| County of Anne Arundel MD                                                 | COUNTY OF ANNE ARUNDEL MD                                                 | CUSIP: 03588HPW0<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1096844.11   | 0.68%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                 | COUNTY OF ANNE ARUNDEL MD                                                 | CUSIP: 03588JJC7<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088406.60   | 0.67%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                 | COUNTY OF ANNE ARUNDEL MD                                                 | CUSIP: 035898BY0<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    140000 | PA      | $147127.97    | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                 | COUNTY OF ANNE ARUNDEL MD                                                 | CUSIP: 035898BZ7<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212714.90    | 0.13%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                    | COUNTY OF BALTIMORE MD                                                    | CUSIP: 05914F6N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067570.20   | 0.66%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                    | COUNTY OF BALTIMORE MD                                                    | CUSIP: 05914FXD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1875857.21   | 1.16%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                    | COUNTY OF BALTIMORE MD                                                    | CUSIP: 05914GAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2351558.71   | 1.45%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                    | COUNTY OF BALTIMORE MD                                                    | CUSIP: 05914GAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $814858.89    | 0.50%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                    | COUNTY OF BALTIMORE MD                                                    | CUSIP: 05914GJT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2132072.00   | 1.32%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                    | COUNTY OF BALTIMORE MD                                                    | CUSIP: 059151CA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $530046.22    | 0.33%             | 2026-01-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                    | COUNTY OF BALTIMORE MD                                                    | CUSIP: 059151CD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $397723.01    | 0.25%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                    | COUNTY OF BALTIMORE MD                                                    | CUSIP: 059151CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $422598.36    | 0.26%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                      | CITY OF BALTIMORE MD                                                      | CUSIP: 05921PBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008374.50   | 0.62%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                      | CITY OF BALTIMORE MD                                                      | CUSIP: 05923TCF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125000.00    | 0.08%             | 2025-06-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                      | CITY OF BALTIMORE MD                                                      | CUSIP: 05923TCG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $133242.73    | 0.08%             | 2026-06-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                      | CITY OF BALTIMORE MD                                                      | CUSIP: 05923TCJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $184386.91    | 0.11%             | 2028-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                      | COUNTY OF CHARLES MD                                                      | CUSIP: 159808NJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $526791.62    | 0.33%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                      | COUNTY OF CHARLES MD                                                      | CUSIP: 159808TB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1850931.00   | 1.14%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 20364NAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $79729.21     | 0.05%             | 2026-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 20364NAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $74657.21     | 0.05%             | 2027-04-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 20364NAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49754.80     | 0.03%             | 2028-04-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 20364NCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1497886.05   | 0.92%             | 2029-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 20364NDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003254.30   | 0.62%             | 2029-01-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                    | COUNTY OF FREDERICK MD                                                    | CUSIP: 35569PKG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1592290.63   | 0.98%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                    | COUNTY OF FREDERICK MD                                                    | CUSIP: 35569PLM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040295.40   | 0.64%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                    | COUNTY OF FREDERICK MD                                                    | CUSIP: 35571LBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1306501.01   | 0.81%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gaithersburg MD                                                   | CITY OF GAITHERSBURG MD                                                   | CUSIP: 363128CV9<br>LEI: 549300UFHDHDCHDE0F65 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1066247.43   | 0.66%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harford MD                                                      | COUNTY OF HARFORD MD                                                      | CUSIP: 412487JD3<br>LEI: 549300BAMXA3G0J23I39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023394.20   | 0.63%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harford MD                                                      | COUNTY OF HARFORD MD                                                      | CUSIP: 412487NR7<br>LEI: 549300BAMXA3G0J23I39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070959.60   | 0.66%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                       | COUNTY OF HOWARD MD                                                       | CUSIP: 44256P5M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094417.60   | 0.68%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                       | COUNTY OF HOWARD MD                                                       | CUSIP: 44256PA78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2365153.35   | 1.46%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                       | COUNTY OF HOWARD MD                                                       | CUSIP: 44256PHA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517576.30    | 0.32%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                       | COUNTY OF HOWARD MD                                                       | CUSIP: 44256PWN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $282176.65    | 0.17%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Howard County Housing Commission                                          | HOWARD COUNTY HOUSING COMMISSION                                          | CUSIP: 442573AW1<br>LEI: 5493007CCS6UI1IIE878 | Long             | DBT              | MUN               | US        |    120000 | PA      | $122409.98    | 0.08%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Howard County Housing Commission                                          | HOWARD COUNTY HOUSING COMMISSION                                          | CUSIP: 442573AX9<br>LEI: 5493007CCS6UI1IIE878 | Long             | DBT              | MUN               | US        |    190000 | PA      | $197787.99    | 0.12%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                       | COUNTY OF HOWARD MD                                                       | CUSIP: 442599AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201981.48    | 0.12%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                       | COUNTY OF HOWARD MD                                                       | CUSIP: 442599AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205455.40    | 0.13%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hyattsville MD                                                    | CITY OF HYATTSVILLE MD                                                    | CUSIP: 448600AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $166195.80    | 0.10%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hyattsville MD                                                    | CITY OF HYATTSVILLE MD                                                    | CUSIP: 448600AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $173473.34    | 0.11%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193NJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3116346.60   | 1.92%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193NK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $844848.23    | 0.52%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193PE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1542489.40   | 0.95%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193PM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1214518.23   | 0.75%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193PN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $769548.75    | 0.47%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193PQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2990000 | PA      | $3104342.68   | 1.92%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193QF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1249951.13   | 0.77%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193QR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $811353.35    | 0.50%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193QT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059390.10   | 0.65%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193RP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1409251.11   | 0.87%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193SC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $513310.43    | 0.32%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                         | STATE OF MARYLAND                                                         | CUSIP: 574193SE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1537303.92   | 0.95%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 57419R7P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $737933.63    | 0.46%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 57419TCW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1383236.33   | 0.85%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 57419TDC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158879.18    | 0.10%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 57419TDD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419484.00    | 0.26%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 57419TGL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902462.90    | 0.56%             | 2030-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                             | MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION                             | CUSIP: 57419TUX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $679091.40    | 0.42%             | 2029-03-01      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Maryland Department of Housing & Community Development                    | MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT                    | CUSIP: 57419UDM7<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |    780000 | PA      | $806782.16    | 0.50%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Department of Housing & Community Development                    | MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT                    | CUSIP: 57419UDN5<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |    815000 | PA      | $856045.76    | 0.53%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Department of Housing & Community Development                    | MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT                    | CUSIP: 57419URB6<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000521.80   | 0.62%             | 2027-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Maryland Department of Housing & Community Development                    | MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT                    | CUSIP: 57419UWM6<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500085.95   | 0.93%             | 2027-07-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204B69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35014.97     | 0.02%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204D34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1041026.38   | 0.64%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204D42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195016.65    | 0.12%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204F81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2162082.67   | 1.33%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204H71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2880000 | PA      | $3016995.84   | 1.86%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204H89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4342593.10   | 2.68%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204L76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2862179.59   | 1.77%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204N25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1250218.48   | 0.77%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204N33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $776977.58    | 0.48%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204N74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $673686.05    | 0.42%             | 2031-10-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204P64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1409711.37   | 0.87%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204R39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $740228.64    | 0.46%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204S95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1667939.38   | 1.03%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204T29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1042841.05   | 0.64%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204U76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1216647.89   | 0.75%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 574204ZZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650000.00    | 0.40%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 574205GR5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2101275.52   | 1.30%             | 2036-10-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420MAP8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    800000 | PA      | $821971.04    | 0.51%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420NBS9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1180000.00   | 0.73%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420NBW0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034977.20   | 0.64%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420NBX8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257579.80    | 0.16%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VJN4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    970000 | PA      | $970379.66    | 0.60%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VNE9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200128.06    | 0.12%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VNJ8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175250.81    | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VNZ2<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1637775.75   | 1.01%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VPG2<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506947.95    | 0.31%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VQL0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    305000 | PA      | $311519.95    | 0.19%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VQV8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    300000 | PA      | $299895.93    | 0.19%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VQW6<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    350000 | PA      | $349358.56    | 0.22%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VQX4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    745000 | PA      | $742427.81    | 0.46%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VRV7<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    750000 | PA      | $761774.85    | 0.47%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VRW5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    750000 | PA      | $772760.93    | 0.48%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VSQ7<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    310000 | PA      | $325405.17    | 0.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VSR5<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    555000 | PA      | $589606.69    | 0.36%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                        | MARYLAND ECONOMIC DEVELOPMENT CORP                                        | CUSIP: 57420VSS3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    820000 | PA      | $880201.69    | 0.54%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 5742183T8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90102.70     | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 5742183U5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $677339.81    | 0.42%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 5742185A7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128845.24    | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 5742187U1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203220.46    | 0.13%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218B93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93662.29     | 0.06%             | 2032-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218L68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $558666.35    | 0.34%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218NP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000510.00   | 0.62%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218S46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1094001.49   | 0.68%             | 2026-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218U50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $270484.68    | 0.17%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218UT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1031069.35   | 0.64%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218WS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500686.65    | 0.31%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218XQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1431381.24   | 0.88%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218XR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100093.82    | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218YJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $244869.32    | 0.15%             | 2025-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 574218YM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $395566.11    | 0.24%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 57421CAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2645273.97   | 1.63%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 57421CBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $644392.96    | 0.40%             | 2027-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 57421CBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306397.29    | 0.19%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 57421CBU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $562249.03    | 0.35%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 57421CGB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.25%             | 2048-06-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                 | MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY                 | CUSIP: 57421CGC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.25%             | 2046-06-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 57421FAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1256887.04   | 0.78%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 57421FAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1289852.13   | 0.80%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 57421FAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1095965.85   | 0.68%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 57421FAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $791247.83    | 0.49%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                            | STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION                            | CUSIP: 57421FBD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1802620.17   | 1.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                | MARYLAND STADIUM AUTHORITY                                                | CUSIP: 574294BB9<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2168565.48   | 1.34%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                | MARYLAND STADIUM AUTHORITY                                                | CUSIP: 574296AM1<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |    240000 | PA      | $243958.54    | 0.15%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                | MARYLAND STADIUM AUTHORITY                                                | CUSIP: 574296AT6<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018699.70   | 0.63%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                | MARYLAND STADIUM AUTHORITY                                                | CUSIP: 574296AU3<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018699.70   | 0.63%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                | MARYLAND STADIUM AUTHORITY                                                | CUSIP: 574296AW9<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1324309.61   | 0.82%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                | MARYLAND STADIUM AUTHORITY                                                | CUSIP: 574296AX7<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2663899.72   | 1.64%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                | MARYLAND STADIUM AUTHORITY                                                | CUSIP: 574297DW4<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |    535000 | PA      | $543019.17    | 0.34%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority Passenger Facility Charge Revenue | MARYLAND STATE TRANSPORTATION AUTHORITY PASSENGER FACILITY CHARGE REVENUE | CUSIP: 57429NCN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.62%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority Passenger Facility Charge Revenue | MARYLAND STATE TRANSPORTATION AUTHORITY PASSENGER FACILITY CHARGE REVENUE | CUSIP: 57429NCQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059155.40   | 1.27%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority Passenger Facility Charge Revenue | MARYLAND STATE TRANSPORTATION AUTHORITY PASSENGER FACILITY CHARGE REVENUE | CUSIP: 57429NCR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $782318.63    | 0.48%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority Passenger Facility Charge Revenue | MARYLAND STATE TRANSPORTATION AUTHORITY PASSENGER FACILITY CHARGE REVENUE | CUSIP: 57429NCS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054156.50   | 0.65%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority                                   | MARYLAND STATE TRANSPORTATION AUTHORITY                                   | CUSIP: 574300MA4<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1431299.05   | 0.88%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland State Transportation Authority                                   | MARYLAND STATE TRANSPORTATION AUTHORITY                                   | CUSIP: 574300MW6<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1945829.48   | 1.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                   | COUNTY OF MONTGOMERY MD                                                   | CUSIP: 6133406S2<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2244654.87   | 1.39%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                   | COUNTY OF MONTGOMERY MD                                                   | CUSIP: 61334PAN3<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1366063.20   | 0.84%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                   | COUNTY OF MONTGOMERY MD                                                   | CUSIP: 61334PCR2<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    815000 | PA      | $828575.54    | 0.51%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                   | COUNTY OF MONTGOMERY MD                                                   | CUSIP: 61334PEM1<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1188106.76   | 0.73%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Housing Opportunities Commission                        | MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION                        | CUSIP: 613352CA9<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |    425000 | PA      | $445139.77    | 0.27%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George s MD                                              | COUNTY OF PRINCE GEORGE'S MD                                              | CUSIP: 7417014A1<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    660000 | PA      | $676005.73    | 0.42%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George s MD                                              | COUNTY OF PRINCE GEORGE'S MD                                              | CUSIP: 7417014Q6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2321857.37   | 1.43%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George s MD                                              | COUNTY OF PRINCE GEORGE'S MD                                              | CUSIP: 7417016E1<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    645000 | PA      | $674593.70    | 0.42%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George s MD                                              | COUNTY OF PRINCE GEORGE'S MD                                              | CUSIP: 7417016G6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1405191.22   | 0.87%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George s MD                                              | COUNTY OF PRINCE GEORGE'S MD                                              | CUSIP: 741702AY0<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025232.20   | 0.63%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George s MD                                              | COUNTY OF PRINCE GEORGE'S MD                                              | CUSIP: 741702CQ5<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1572741.30   | 0.97%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George s MD                                              | COUNTY OF PRINCE GEORGE'S MD                                              | CUSIP: 741705FR3<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    260000 | PA      | $267180.91    | 0.16%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                               | COMMONWEALTH OF PUERTO RICO                                               | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    706706 | PA      | $707199.63    | 0.44%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                               | COMMONWEALTH OF PUERTO RICO                                               | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   3524798 | PA      | $3617300.68   | 2.23%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                               | COMMONWEALTH OF PUERTO RICO                                               | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |   2015000 | PA      | $2111236.20   | 1.30%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                       | PUERTO RICO COMMONWEALTH AQUEDUCT & SEWER AUTHORITY                       | CUSIP: 745160TD3<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |    750000 | PA      | $767019.75    | 0.47%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                    | PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE                    | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   2000000 | PA      | $1696696.80   | 1.05%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Rockville MD                                                      | CITY OF ROCKVILLE MD                                                      | CUSIP: 774223BM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $438089.09    | 0.27%             | 2027-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| University System of Maryland                                             | UNIVERSITY SYSTEM OF MARYLAND                                             | CUSIP: 9144024J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $605518.05    | 0.37%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University System of Maryland                                             | UNIVERSITY SYSTEM OF MARYLAND                                             | CUSIP: 9144025H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1927074.62   | 1.19%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University System of Maryland                                             | UNIVERSITY SYSTEM OF MARYLAND                                             | CUSIP: 91440AAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1928498.67   | 1.19%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washington MD                                                   | COUNTY OF WASHINGTON MD                                                   | CUSIP: 937777GK0<br>LEI: 54930082U8LWBDMHXX31 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1143693.45   | 0.71%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                   | WASHINGTON SUBURBAN SANITARY COMMISSION                                   | CUSIP: 940157P46<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1073543.94   | 0.66%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                   | WASHINGTON SUBURBAN SANITARY COMMISSION                                   | CUSIP: 940158AF5<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    900000 | PA      | $938672.55    | 0.58%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                   | WASHINGTON SUBURBAN SANITARY COMMISSION                                   | CUSIP: 940158CU0<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1624257.45   | 1.00%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-03

**Name of Applicant:** T. ROWE PRICE STATE TAX-FREE FUNDS, INC.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President