# EDGAR Filing Document

**Accession Number:** 0000733362
**File Stem:** 0000940400-25-005613
**Filing Date:** 2025-10
**Character Count:** 125444
**Document Hash:** 70759f89539925cda72317da4bd6941f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-005613.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000940400-25-005613

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VOYAGEUR TAX FREE FUNDS
- **CENTRAL INDEX KEY:** 0000733362

**ORGANIZATION NAME:**
- **EIN:** 411473323
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03910
- **FILM NUMBER:** 251429338

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** 18005231918

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VOYAGEUR TAX FREE FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VOYAGEUR MINNESOTA TAX FREE FUNDS INC
- **DATE OF NAME CHANGE:** 19910226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DOUBLE EXEMPT FLEX FUND INC
- **DATE OF NAME CHANGE:** 19900131

## Series and Classes Contracts Data

### Macquarie Tax-Free Minnesota Fund (Series ID: S000002418)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000006427 | Class A             | DEFFX           |
| C000006429 | Class C             | DMOCX           |
| C000135932 | Institutional class | DMNIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Voyageur Tax Free Funds

- **b. Investment Company Act file number:** 811-03910

- **c. CIK number of Registrant:** 0000733362

- **d. LEI of Registrant:** 549300NYF2MBA1LLWV21

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

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

  - **Telephone number:** 800-523-1918

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

- **a. Name of Series:** Macquarie Tax-Free Minnesota Fund

- **b. EDGAR series identifier (if any):** S000002418

- **c. LEI of Series:** GP2QKTESI0CPRYBH6D52

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-29

**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:** $533639825.31

**Total Liabilities:** $3287379.73

**Net Assets:** $530352445.58

**Cash Not Reported:** $274583.60

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 300.56553000 | **1-Year:** 3369.18946000 | **5-Year:** 37718.05752000 | **10-Year:** 402322.31820000 | **30-Year:** 42637.99694000

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

- **3-Month:** 33.65607000 | **1-Year:** 445.05336000 | **5-Year:** 3273.19362000 | **10-Year:** 28843.15617000 | **30-Year:** 1709.01150000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006427 | 0.77%                | -0.99%               | 0.98%                |
| Class ID C000006429 | 0.62%                | -0.96%               | 0.91%                |
| Class ID C000135932 | 0.70%                | -0.88%               | 1.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1029503.78             | $3048581.07                                |
| Month 2  | $-1406.03                | $-6458051.99                               |
| Month 3  | $-75445.42               | $3498289.43                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MINNESOTA ST MUNI PWR AGY ELEC | Minnesota Municipal Power Agency                                   | CUSIP: 60412PET3<br>LEI: 5493007DGBKI6ICBXO38 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1304615.00   | 0.25%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST AGRIC & ECON DEVB | Minnesota Agricultural & Economic Development Board                | CUSIP: 6049203D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $4580234.50   | 0.86%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| W SAINT PAUL MN HSG & HLTH CAR | City of West St Paul MN                                            | CUSIP: 95568PAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $603787.50    | 0.11%             | 2052-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CORCORAN MN                    | City of Corcoran MN                                                | CUSIP: 218388HE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1716300.00   | 0.32%             | 2053-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N W MULTI-CNTY MN HSG & REDEV  | Northwest Multi-County Housing & Redevelopment Authority           | CUSIP: 667579DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2035299.75   | 0.38%             | 2045-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN HLTH CARE FACS RE | City of Rochester MN                                               | CUSIP: 771902HM8<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   6630000 | PA      | $6649359.60   | 1.25%             | 2057-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHAKOPEE MN HLTH CARE FACS REV | City of Shakopee MN                                                | CUSIP: 819175BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $405396.90    | 0.08%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 792908CH6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3220480.00   | 0.61%             | 2048-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WAYZATA MN SENIOR HSG REVENUE  | City of Wayzata MN                                                 | CUSIP: 946829BR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $249716.50    | 0.05%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827E85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $356443.50    | 0.07%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416TQ43<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    335000 | PA      | $327211.25    | 0.06%             | 2038-07-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MN HLTH CARE FACS  | City of Maple Grove MN                                             | CUSIP: 56516TAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1320910.80   | 0.25%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416HS88<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500745.00    | 0.09%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                             | CUSIP: 60374VEE9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   6790000 | PA      | $5521016.90   | 1.04%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JCW8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $464820.00    | 0.09%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV | City of Woodbury MN                                                | CUSIP: 979134BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2423437.50   | 0.46%             | 2063-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAINT PETER MN INDEP SCH DIST# | St Peter Independent School District No 508                        | CUSIP: 793181KM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $318780.00    | 0.06%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                             | CUSIP: 60374VET6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1877400.00   | 0.35%             | 2038-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHASKA MN ECON DEV AUTH LEASE  | Chaska Economic Development Authority                              | CUSIP: 16166NGK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3331762.50   | 0.63%             | 2054-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 852297CZ1<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    375000 | PA      | $358260.00    | 0.07%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLAINE MN                      | City of Blaine MN                                                  | CUSIP: 092765LS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $586560.00    | 0.11%             | 2040-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416SMB3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1647368.80   | 0.31%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827L46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1610775.20   | 0.30%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNDS VIEW MN INDEP SCH DIST# | Mounds View Independent School District No 621                     | CUSIP: 6206372T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1840953.50   | 0.35%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                             | CUSIP: 60374VDR1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    750000 | PA      | $751792.50    | 0.14%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MN CHRT SCH LEASE REVEN | City of Bethel MN                                                  | CUSIP: 086759AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $998112.50    | 0.19%             | 2052-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| APPLE VLY MN SENIOR LIVING REV | City of Apple Valley MN                                            | CUSIP: 03789YDL7<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    185000 | PA      | $152218.00    | 0.03%             | 2027-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JCZ1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $788930.00    | 0.15%             | 2041-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN STUDENT HSG REV | City of Minneapolis MN                                             | CUSIP: 60379NBX3<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    225000 | PA      | $222473.25    | 0.04%             | 2039-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 792908CF0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    400000 | PA      | $389524.00    | 0.07%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHAKOPEE MN HLTH CARE FACS REV | City of Shakopee MN                                                | CUSIP: 819175BH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425344.25    | 0.08%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                               | CUSIP: 74526QYY2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1244531.25   | 0.23%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JBX7<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    750000 | PA      | $792772.50    | 0.15%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MN HSG AND HLTHCARE REV | City of Bethel MN Housing and Health Care Facilities Revenue       | CUSIP: 08675TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2406794.00   | 0.45%             | 2048-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN HLTH CARE FACS RE | City of Rochester MN                                               | CUSIP: 771902HJ5<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   7950000 | PA      | $7799904.00   | 1.47%             | 2039-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHAKOPEE MN HLTH CARE FACS REV | City of Shakopee MN                                                | CUSIP: 819175BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425382.50    | 0.08%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416H7H1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993490.00    | 0.19%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue             | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3210375.00   | 0.61%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYWARD MN HLTH CARE FACS REVE | City of Hayward MN                                                 | CUSIP: 421306AC5<br>LEI: 549300YF6QD4DXUDGL81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $340920.00    | 0.06%             | 2044-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROOKLYN CENTER MN             | City of Brooklyn Center MN                                         | CUSIP: 113835Y22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523145.00    | 0.10%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DAKOTA CNTY MN CMNTY DEV AGY M | Dakota County Community Development Agency                         | CUSIP: 23409VFP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1361130.00   | 0.26%             | 2043-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JBF6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    925000 | PA      | $867529.75    | 0.16%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST AGRIC & ECON DEVB | Minnesota Agricultural & Economic Development Board                | CUSIP: 6049203C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1519050.00   | 0.29%             | 2047-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416SMA5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1567410.10   | 0.30%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYWARD MN HLTH CARE FACS REVE | City of Hayward MN                                                 | CUSIP: 421306AB7<br>LEI: 549300YF6QD4DXUDGL81 | Long             | DBT              | MUN               | US        |    660000 | PA      | $502939.80    | 0.09%             | 2034-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CHANHASSEN MN                  | City of Chanhassen MN                                              | CUSIP: 159106FA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1721520.00   | 0.32%             | 2054-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 852297CJ7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    140000 | PA      | $141136.80    | 0.03%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BROOKLYN PK MN CHRT SCH LEASE  | City of Brooklyn Park MN                                           | CUSIP: 114224AR9<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1293480.00   | 0.24%             | 2064-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                 | CUSIP: 60412AM83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1763105.80   | 0.33%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VLY MN SENIOR LIVING REV | City of Apple Valley MN                                            | CUSIP: 03789YDM5<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    400000 | PA      | $226260.00    | 0.04%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN INDEP SCH DIST # | St Paul Independent School District No 625                         | CUSIP: 792897SL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2197188.00   | 0.41%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN                 | City of Minneapolis MN                                             | CUSIP: 60375BHH2<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1561500.00   | 0.29%             | 2040-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH REVENU | Duluth Economic Development Authority                              | CUSIP: 26444VAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1562941.25   | 0.29%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue             | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5295000 | PA      | $4755015.90   | 0.90%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RAMSEY CNTY MN                 | County of Ramsey MN                                                | CUSIP: 751622XZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961810.00    | 0.18%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JCY4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $846060.00    | 0.16%             | 2038-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                               | CUSIP: 74526QXY3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    250000 | PA      | $165312.50    | 0.03%             | 2025-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN & SAINT PAUL MN | City of Minneapolis MN/St Paul Housing & Redevelopment Authority   | CUSIP: 603695KF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1167158.00   | 0.22%             | 2044-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN CHARTER SCH LEA | City of Minneapolis MN                                             | CUSIP: 60375CBZ6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1170230.40   | 0.22%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416H7G3<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    955000 | PA      | $956098.25    | 0.18%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN HLTH CARE FACS RE | City of Rochester MN                                               | CUSIP: 771902HP1<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4575600.00   | 0.86%             | 2050-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                               | CUSIP: 74526QWE8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    925000 | PA      | $613968.75    | 0.12%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 852297BX7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    150000 | PA      | $139059.00    | 0.03%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN HLTH CARE REVEN | City of St Cloud MN                                                | CUSIP: 78916VDW7<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   7315000 | PA      | $6241231.15   | 1.18%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue             | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    378000 | PA      | $326025.00    | 0.06%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MN HLTH CARE FACS  | City of Maple Grove MN                                             | CUSIP: 56516TBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020690.00   | 0.19%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MN SENIOR HSG REVENUE   | City of Bethel MN                                                  | CUSIP: 08676PAN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $662529.00    | 0.12%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JJA9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $829270.00    | 0.16%             | 2053-10-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 792888KN8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    790000 | PA      | $793981.60    | 0.15%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN & SAINT PAUL MN | City of Minneapolis MN/St Paul Housing & Redevelopment Authority   | CUSIP: 603695KD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2392006.50   | 0.45%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENCOE MN HLTHCARE FACS REVEN | City of Glencoe MN                                                 | CUSIP: 378160BU8<br>LEI: 549300YD6XHLXYWWYP70 | Long             | DBT              | MUN               | US        |    270000 | PA      | $270037.80    | 0.05%             | 2026-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416SX96<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    655000 | PA      | $674905.45    | 0.13%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN HLTH CARE FACS RE | City of Rochester MN                                               | CUSIP: 771902HB2<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2163777.00   | 0.41%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                               | CUSIP: 74526QXP2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    350000 | PA      | $231437.50    | 0.04%             | 2024-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 852297CK4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    735000 | PA      | $663117.00    | 0.13%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416HL28<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    795000 | PA      | $799817.70    | 0.15%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| W SAINT PAUL MN HSG & HLTH CAR | City of West St Paul MN                                            | CUSIP: 95568PAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $221540.00    | 0.04%             | 2040-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                        | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1167355 | PA      | $733974.60    | 0.14%             | 2043-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| DILWORTH-GLYNDON-FELTON MN IND | Dilworth Glyndon Felton Independent School District No 2164        | CUSIP: 254278KU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $819770.00    | 0.15%             | 2041-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416H7J7<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    940000 | PA      | $921811.00    | 0.17%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416TGV4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    390000 | PA      | $253250.40    | 0.05%             | 2046-07-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| OTSEGO CHRT SCH LEASE REVENUE  | City of Otsego MN                                                  | CUSIP: 689149AC6<br>LEI: 549300C7IZXQ4JXHZS47 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1310718.80   | 0.25%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 852297BY5<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1409135.00   | 0.27%             | 2047-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416TCN6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    905000 | PA      | $600612.30    | 0.11%             | 2040-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN HLTH CARE FACS RE | City of Rochester MN                                               | CUSIP: 771902HQ9<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5273612.50   | 0.99%             | 2053-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN                 | City of Minneapolis MN                                             | CUSIP: 60375BNJ1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   4885000 | PA      | $4794139.00   | 0.90%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MN HLTH CARE FACS  | City of Maple Grove MN                                             | CUSIP: 56516TBP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $865580.50    | 0.16%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416HX90<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $810620.00    | 0.15%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER MN INDEP SCH DIST # | Stillwater Independent School District No 834                      | CUSIP: 860758TB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966430.00    | 0.18%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROOKSTON MN HLTH CARE FACS RE | City of Crookston MN                                               | CUSIP: 227235BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $844755.00    | 0.16%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAKOTA CNTY MN CMNTY DEV AGY S | Dakota County Community Development Agency                         | CUSIP: 23410LBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $751194.40    | 0.14%             | 2051-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST OFFICE OF HGR EDU | Minnesota Office of Higher Education                               | CUSIP: 60416MCA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1388070.00   | 0.26%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN CHARTER SCH LEA | City of Minneapolis MN                                             | CUSIP: 60375CCA0<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $892539.20    | 0.17%             | 2057-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA MUNI GAS AGY COMMODI | Minnesota Municipal Gas Agency                                     | CUSIP: 60406UAM9<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5592290.00   | 1.05%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SHAKOPEE MN HLTH CARE FACS REV | City of Shakopee MN                                                | CUSIP: 819175BK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $915000.00    | 0.17%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHAKOPEE MN HLTH CARE FACS REV | City of Shakopee MN                                                | CUSIP: 819175BJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $895196.90    | 0.17%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN CHARTER SCH LEA | City of Forest Lake MN                                             | CUSIP: 345856AJ7<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1894924.20   | 0.36%             | 2044-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HAM LAKE MN CHRT SCH LEASE REV | City of Ham Lake MN                                                | CUSIP: 406511AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2290000 | PA      | $1891837.70   | 0.36%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                 | CUSIP: 60412AC35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3429810.00   | 0.65%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN MN HSG & HLTHCARE    | Deephaven Housing & Healthcare                                     | CUSIP: 24379CAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $664898.60    | 0.13%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                 | CUSIP: 60412AWT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $621331.25    | 0.12%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JBY5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    800000 | PA      | $841080.00    | 0.16%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLAINE MN                      | City of Blaine MN                                                  | CUSIP: 092765LQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1022907.00   | 0.19%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 852297AX8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1596623.00   | 0.30%             | 2045-07-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                 | CUSIP: 60412APM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2925000 | PA      | $3039835.50   | 0.57%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN PORT AUTH SOL WS | St Paul Port Authority                                             | CUSIP: 79307RAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10050000 | PA      | $9393232.50   | 1.77%             | 2037-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF MINNESOTA MN           | University of Minnesota                                            | CUSIP: 914460XP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040490.00   | 0.20%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANOKA MN HLTHCARE & HSG FAC RE | City of Anoka MN                                                   | CUSIP: 03632RAG5<br>LEI: 549300R336CIYVDY0N47 | Long             | DBT              | MUN               | US        |    590000 | PA      | $589970.50    | 0.11%             | 2034-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COLOGNE MN CHRT SCH LEASE REVE | City of Cologne MN                                                 | CUSIP: 195239AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149995.50    | 0.03%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST MUNI PWR AGY ELEC | Minnesota Municipal Power Agency                                   | CUSIP: 60412PDX5<br>LEI: 5493007DGBKI6ICBXO38 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1209277.75   | 0.23%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENCOE MN HLTHCARE FACS REVEN | City of Glencoe MN                                                 | CUSIP: 378160BW4<br>LEI: 549300YD6XHLXYWWYP70 | Long             | DBT              | MUN               | US        |     60000 | PA      | $59979.60     | 0.01%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                               | CUSIP: 74526QVD1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $829687.50    | 0.16%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN SALES TAX REVENU | City of St Paul MN Sales & Use Tax Revenue                         | CUSIP: 79307TEK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3149610.00   | 0.59%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA MUNI GAS AGY COMMODI | Minnesota Municipal Gas Agency                                     | CUSIP: 60406UAL1<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1331603.00   | 0.25%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                             | CUSIP: 60374VDV2<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968560.00    | 0.18%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416TH92<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1827723.60   | 0.34%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827N44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6261000.00   | 1.18%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAYWARD HSG & HLTHCARE FACS RE | City of Hayward MN                                                 | CUSIP: 421307AM1<br>LEI: 549300YF6QD4DXUDGL81 | Long             | DBT              | MUN               | US        |    400000 | PA      | $212000.00    | 0.04%             | 2044-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827E28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $924334.40    | 0.17%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN MN HSG & HLTHCARE    | Deephaven Housing & Healthcare                                     | CUSIP: 24379CAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $627168.00    | 0.12%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN ELEC UTILITY REVE | City of Rochester MN Electric Utility Revenue                      | CUSIP: 77158PGF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3717937.80   | 0.70%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MN HLTH CARE FACS  | City of Maple Grove MN                                             | CUSIP: 56516TBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000580.00   | 0.19%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAKOTA CNTY MN CMNTY DEV AGY S | Dakota County Community Development Agency                         | CUSIP: 23410LBW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1325550.00   | 0.25%             | 2046-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN CHARTER SCH LEA | City of Minneapolis MN                                             | CUSIP: 60375CBY9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    880000 | PA      | $756289.60    | 0.14%             | 2042-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GIBBON MN INDEP SCH DIST #2365 | Gibbon Independent School District No 2365/MN                      | CUSIP: 374627DG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1873199.00   | 0.35%             | 2048-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST OFFICE OF HGR EDU | Minnesota Office of Higher Education                               | CUSIP: 60416MBS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $597644.10    | 0.11%             | 2038-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                 | CUSIP: 60412AYN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3155861.50   | 0.60%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416H7L2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $970143.80    | 0.18%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COTTONWOOD MN REVENUE          | City of Cottonwood MN                                              | CUSIP: 22188TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $769410.00    | 0.15%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLOGNE MN CHRT SCH LEASE REVE | City of Cologne MN                                                 | CUSIP: 195239AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1530527.35   | 0.29%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAM LAKE MN CHRT SCH LEASE REV | City of Ham Lake MN                                                | CUSIP: 406511AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $727101.90    | 0.14%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JBJ8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   4155000 | PA      | $3842544.00   | 0.72%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARTELL MN HLTH CARE & HSG FAC | City of Sartell MN                                                 | CUSIP: 803807AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1179060.00   | 0.22%             | 2037-09-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827P75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5327900.00   | 1.00%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN STUDENT HSG REV | City of Minneapolis MN                                             | CUSIP: 60379NBY1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2647652.00   | 0.50%             | 2049-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN HLTH CARE FACS RE | City of Rochester MN                                               | CUSIP: 771902HS5<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 0.53%             | 2064-11-15      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827F35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6422262.00   | 1.21%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JFB1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1815528.80   | 0.34%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GIBBON MN INDEP SCH DIST #2365 | Gibbon Independent School District No 2365/MN                      | CUSIP: 374627DH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $906310.00    | 0.17%             | 2052-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN HLTH CARE REVEN | City of St Cloud MN                                                | CUSIP: 78916VEU0<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2460200.00   | 0.46%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 85236DAN8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    365000 | PA      | $367179.05    | 0.07%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416H7K4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    625000 | PA      | $605775.00    | 0.11%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MN HLTH CARE FACS  | City of Maple Grove MN                                             | CUSIP: 56516TBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $836814.00    | 0.16%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER MN INDEP SCH DIST # | Stillwater Independent School District No 834                      | CUSIP: 860758TE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1566957.65   | 0.30%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WSTRN MN MUNI PWR AGY          | Western Minnesota Municipal Power Agency                           | CUSIP: 958697LK8<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101270.00   | 0.21%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HIBBING MN INDEP SCH DIST #701 | Hibbing Independent School District No 701                         | CUSIP: 428599AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1200885.00   | 0.23%             | 2041-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN MN HSG & HLTHCARE    | Deephaven Housing & Healthcare                                     | CUSIP: 24379CAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $254542.05    | 0.05%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                 | CUSIP: 60412AN58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4885000 | PA      | $5109465.75   | 0.96%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST MUNI PWR AGY ELEC | Minnesota Municipal Power Agency                                   | CUSIP: 60412PEX4<br>LEI: 5493007DGBKI6ICBXO38 | Long             | DBT              | MUN               | US        |    750000 | PA      | $752662.50    | 0.14%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COTTAGE GROVE MN               | City of Cottage Grove MN                                           | CUSIP: 2216515M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $471485.00    | 0.09%             | 2035-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN HLTH CARE REVEN | City of St Cloud MN                                                | CUSIP: 78916VDR8<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1780281.00   | 0.34%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 792893HX0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    750000 | PA      | $765427.50    | 0.14%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C | Duluth Economic Development Authority                              | CUSIP: 26444CHG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11100000 | PA      | $10652781.00  | 2.01%             | 2058-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9140000 | PA      | $9225184.80   | 1.74%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827F27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8870400.00   | 1.67%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JDA5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    565000 | PA      | $486255.95    | 0.09%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN CHARTER SCH LEA | City of Minneapolis MN                                             | CUSIP: 60375CBX1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    775000 | PA      | $754865.50    | 0.14%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JGG9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1480470.00   | 0.28%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF MINNESOTA MN           | University of Minnesota                                            | CUSIP: 914460XN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1307100.00   | 0.25%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN CHARTER SCH LEA | City of Forest Lake MN                                             | CUSIP: 345856AV0<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2139272.20   | 0.40%             | 2050-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAKEVILLE MN INDEP SCH DIST #1 | Lakeville Independent School District No 194                       | CUSIP: 512462ZQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $831608.00    | 0.16%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROSEMOUNT MN                   | City of Rosemount MN                                               | CUSIP: 7775773Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7605000 | PA      | $6552772.20   | 1.24%             | 2053-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN CHARTER SCH LEA | City of Minneapolis MN                                             | CUSIP: 60375CBU7<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $891570.00    | 0.17%             | 2042-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C | Duluth Economic Development Authority                              | CUSIP: 26444CHF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7889360.00   | 1.49%             | 2058-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                        | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1652980.00   | 0.31%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN HLTH CARE REVEN | City of St Cloud MN                                                | CUSIP: 78916VET3<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6322275.00   | 1.19%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CASS LAKE MN INDEP SCH DIST #1 | Cass Lake-Bena Independent School District No 115                  | CUSIP: 148087LL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2580000 | PA      | $2441325.00   | 0.46%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY MN             | County of Washington MN                                            | CUSIP: 937785WU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1574069.85   | 0.30%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VLY MN SENIOR LIVING REV | City of Apple Valley MN                                            | CUSIP: 03789YDS2<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1585000 | PA      | $818826.85    | 0.15%             | 2037-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JHZ6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2470743.00   | 0.47%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DILWORTH-GLYNDON-FELTON MN IND | Dilworth Glyndon Felton Independent School District No 2164        | CUSIP: 254278KQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $905310.00    | 0.17%             | 2037-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARTIN CNTY MN W INDEP SCH DIS | Martin County West Independent School District No 2448             | CUSIP: 573259CP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065250.00   | 0.20%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN SENIOR HSG & HL | City of Minneapolis MN                                             | CUSIP: 603787AK8<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $994774.00    | 0.19%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN SENIOR HSG & HL | City of Minneapolis MN                                             | CUSIP: 603787AL6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1744626.00   | 0.33%             | 2045-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ANOKA MN HLTHCARE & HSG FAC RE | City of Anoka MN                                                   | CUSIP: 03632RAH3<br>LEI: 549300R336CIYVDY0N47 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $911702.00    | 0.17%             | 2049-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST MUNI PWR AGY ELEC | Minnesota Municipal Power Agency                                   | CUSIP: 60412PDU1<br>LEI: 5493007DGBKI6ICBXO38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501775.00    | 0.09%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827Q74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2254802.00   | 0.43%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MN CHRT SCH LEASE REV | City of St Cloud MN                                                | CUSIP: 788326AD8<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |    875000 | PA      | $679078.75    | 0.13%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N SAINT PAUL-MAPLEWOOD-OAKDALE | North St Paul-Maplewood-Oakdale Independent School District No 622 | CUSIP: 662152FB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $801730.00    | 0.15%             | 2042-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 852297DB3<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870340.00    | 0.16%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                 | CUSIP: 60412AN41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6480000 | PA      | $6813655.20   | 1.28%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEVILLE MN INDEP SCH DIST #1 | Lakeville Independent School District No 194                       | CUSIP: 512462ZR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1085832.20   | 0.20%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW LONDON ECON DEV AUTH MN PU | City of New London Economic Development Authority                  | CUSIP: 646565AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252260.00    | 0.05%             | 2033-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ANOKA-HENNEPIN MN INDEP SCH DI | Anoka-Hennepin Independent School District No 11                   | CUSIP: 0363034T9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2233426.00   | 0.42%             | 2045-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA MN INDEP SCH DIST #70 | Virginia Independent School District No 706                        | CUSIP: 927889GD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $1904528.70   | 0.36%             | 2040-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STHRN MINNESOTA ST MUNI PWR AG | Southern Minnesota Municipal Power Agency                          | CUSIP: 843375F68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2846443.55   | 0.54%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416H6K5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    735000 | PA      | $691495.35    | 0.13%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLAINE MN                      | City of Blaine MN                                                  | CUSIP: 092765LM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1012202.80   | 0.19%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                               | CUSIP: 74526QVZ2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    260000 | PA      | $172575.00    | 0.03%             | 2026-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN                 | City of Minneapolis MN                                             | CUSIP: 60375BHF6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2975000 | PA      | $2566086.25   | 0.48%             | 2038-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CASS LAKE MN INDEP SCH DIST #1 | Cass Lake-Bena Independent School District No 115                  | CUSIP: 148087LM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2065844.00   | 0.39%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROOKSTON MN HLTH CARE FACS RE | City of Crookston MN                                               | CUSIP: 227235BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $317340.00    | 0.06%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JGW4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2008957.50   | 0.38%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VLY MN SENIOR LIVING REV | City of Apple Valley MN                                            | CUSIP: 03789YDT0<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   2580000 | PA      | $1140721.20   | 0.22%             | 2052-01-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416TCQ9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $770428.45    | 0.15%             | 2051-01-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST MUNI PWR AGY ELEC | Minnesota Municipal Power Agency                                   | CUSIP: 60412PFX3<br>LEI: 5493007DGBKI6ICBXO38 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2024520.00   | 0.38%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICE CNTY MN                   | County of Rice MN                                                  | CUSIP: 762698KW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $597313.00    | 0.11%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN HSG & REDEV AUTH CHR | Duluth Housing & Redevelopment Authority                           | CUSIP: 264454AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3355000 | PA      | $2587879.25   | 0.49%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 792892HL8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    370000 | PA      | $370040.70    | 0.07%             | 2030-11-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CENTRL MN MUNI PWR AGY         | Central Minnesota Municipal Power Agency                           | CUSIP: 154136BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $262311.00    | 0.05%             | 2038-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 852297CD0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999270.00    | 0.19%             | 2046-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CENTER CITY MN HLTH CARE FACSR | City of Center City MN                                             | CUSIP: 151452CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1780480.00   | 0.34%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN PORT AUTH DIST E | St Paul Port Authority                                             | CUSIP: 79308GBA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1197354.20   | 0.23%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STHRN MINNESOTA ST MUNI PWR AG | Southern Minnesota Municipal Power Agency                          | CUSIP: 843375C38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1693307.05   | 0.32%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MN HLTH CARE FACS  | City of Maple Grove MN                                             | CUSIP: 56516TBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2352325.00   | 0.44%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| APPLE VLY MN SENIOR LIVING REV | City of Apple Valley MN                                            | CUSIP: 03789YDU7<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    480000 | PA      | $278625.60    | 0.05%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROSEMOUNT MN INDEP SCH DIST #1 | Rosemount-Apple Valley-Eagan Independent School District No 196    | CUSIP: 777594ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2692406.30   | 0.51%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                             | CUSIP: 60374VDY6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    860000 | PA      | $886814.80    | 0.17%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416H3W2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   3775000 | PA      | $3360882.50   | 0.63%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN SENIOR HSG & HL | City of Minneapolis MN                                             | CUSIP: 603787AN2<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    655000 | PA      | $572483.10    | 0.11%             | 2050-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 792892HM6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    500000 | PA      | $449320.00    | 0.08%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416H3Y8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1446150.00   | 0.27%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV | City of Woodbury MN                                                | CUSIP: 979134AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1054815.00   | 0.20%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHATFIELD MN HLTHCARE & HSG FA | City of Chatfield MN                                               | CUSIP: 161818AQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90803.00     | 0.02%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416H4Y7<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6441603.00   | 1.21%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN HSG & REDEV AUTH CHR | Duluth Housing & Redevelopment Authority                           | CUSIP: 264454AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $350008.00    | 0.07%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW LONDON ECON DEV AUTH MN PU | City of New London Economic Development Authority                  | CUSIP: 646565AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1214012.50   | 0.23%             | 2043-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DULUTH MN                      | City of Duluth MN                                                  | CUSIP: 264438Y30<br>LEI: 54930056ACOJTRDUDE38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007750.00   | 0.19%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JDB3<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    700000 | PA      | $585074.00    | 0.11%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OTSEGO CHRT SCH LEASE REVENUE  | City of Otsego MN                                                  | CUSIP: 689149AB8<br>LEI: 549300C7IZXQ4JXHZS47 | Long             | DBT              | MUN               | US        |    520000 | PA      | $502871.20    | 0.09%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CASS LAKE MN INDEP SCH DIST #1 | Cass Lake-Bena Independent School District No 115                  | CUSIP: 148087LK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1010891.20   | 0.19%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN PORT AUTH DIST E | St Paul Port Authority                                             | CUSIP: 79308GBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1319760.30   | 0.25%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827K88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051380.00   | 0.39%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C | Duluth Economic Development Authority                              | CUSIP: 26444CGZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1445440.00   | 0.27%             | 2043-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MOUNDS VIEW MN INDEP SCH DIST# | Mounds View Independent School District No 621                     | CUSIP: 620637Z76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2936160.00   | 0.55%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN CHARTER SCH LEA | City of Forest Lake MN                                             | CUSIP: 345856AH1<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000400.00   | 0.19%             | 2036-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAUK CENTRE MN PUBLIC UTILITIE | Sauk Centre Public Utilities Commission Electric Revenue           | CUSIP: 804283AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $799190.00    | 0.15%             | 2053-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF MINNESOTA MN           | University of Minnesota                                            | CUSIP: 914460UV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2058940.00   | 0.39%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN SPL SCH DIST #1 | Minneapolis Special School District No 1                           | CUSIP: 603790RH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1960000 | PA      | $1937264.00   | 0.37%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C | Duluth Economic Development Authority                              | CUSIP: 26444CHE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8710000 | PA      | $8477878.50   | 1.60%             | 2053-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $383353.30    | 0.07%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOODRIDGE INDEP SCH DIST #561  | Goodridge Independent School District No 561                       | CUSIP: 382424AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1200347.10   | 0.23%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN MN CHARTER SCH LEASE | City of Deephaven MN                                               | CUSIP: 24380HAS1<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1939460.00   | 0.37%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHATFIELD MN HLTHCARE & HSG FA | City of Chatfield MN                                               | CUSIP: 161818AS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $421645.00    | 0.08%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416HB60<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000590.00   | 0.19%             | 2026-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAGAN MN CHRTR SCH LEASE REVEN | City of Eagan MN                                                   | CUSIP: 26940AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1164975.00   | 0.22%             | 2065-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY MN             | County of Washington MN                                            | CUSIP: 937785WT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1079184.15   | 0.20%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MN SENIOR HSG REVENUE   | City of Bethel MN                                                  | CUSIP: 08676PAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $825200.00    | 0.16%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                             | CUSIP: 60374VEA7<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511170.00    | 0.10%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAINERD MN INDEP SCH DIST #18 | Brainerd Independent School District No 181                        | CUSIP: 105007NH7<br>LEI: 549300P1U3THZTOHA392 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3364025.00   | 0.63%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET COUNCIL MINNEAPOLIS-SAINT  | Metropolitan Council                                               | CUSIP: 5918524L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1365278.25   | 0.26%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROOKSTON MN HLTH CARE FACS RE | City of Crookston MN                                               | CUSIP: 227235BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $829462.20    | 0.16%             | 2051-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 792909FM0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   5035000 | PA      | $4859228.15   | 0.92%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET COUNCIL MINNEAPOLIS-SAINT  | Metropolitan Council                                               | CUSIP: 5918524J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1379014.00   | 0.26%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAUK RAPIDS MN HLTH CARE HSG F | City of Sauk Rapids MN                                             | CUSIP: 804359BW6<br>LEI: 549300EEYEG1XIKNKU21 | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1589182.10   | 0.30%             | 2039-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                               | CUSIP: 74526QWX6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    210000 | PA      | $139387.50    | 0.03%             | 2027-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| APPLE VLY MN SENIOR LIVING REV | City of Apple Valley MN                                            | CUSIP: 03789YDH6<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $896702.80    | 0.17%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JCE8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    545000 | PA      | $473844.80    | 0.09%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REDWOOD MN AREA SCHS INDEP SCH | Redwood Area Schools Independent School District No 2897           | CUSIP: 757763CW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1086980.90   | 0.20%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RICE CNTY MN                   | County of Rice MN                                                  | CUSIP: 762698LE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3038035.00   | 0.57%             | 2052-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JCV0<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $472750.00    | 0.09%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416USR7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1287442.00   | 0.24%             | 2048-07-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN                 | City of Minneapolis MN                                             | CUSIP: 60375BHE9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3093720.00   | 0.58%             | 2037-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HENNEPIN CNTY MN               | County of Hennepin MN                                              | CUSIP: 425507PX2<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $5260193.00   | 0.99%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MN SENIOR HSG REVENUE   | City of Bethel MN                                                  | CUSIP: 08676PAQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $1962719.50   | 0.37%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VY MN SENIOR HSG REVENUE | City of Apple Valley MN                                            | CUSIP: 03800RAT3<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $800200.00    | 0.15%             | 2053-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416HS96<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250340.00    | 0.05%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN CHARTER SCH LEA | City of Forest Lake MN                                             | CUSIP: 345856AU2<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |    400000 | PA      | $384256.00    | 0.07%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C | Duluth Economic Development Authority                              | CUSIP: 26444CJN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $506447.50    | 0.10%             | 2044-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416H8D9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    400000 | PA      | $402252.00    | 0.08%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JHN3<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2947415.00   | 0.56%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C | Duluth Economic Development Authority                              | CUSIP: 26444CGX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $767227.50    | 0.14%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHATFIELD MN HLTHCARE & HSG FA | City of Chatfield MN                                               | CUSIP: 161818AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $81439.00     | 0.02%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MN HLTH CARE FACS  | City of Maple Grove MN                                             | CUSIP: 56516TAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $331338.00    | 0.06%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUGO MN CHTR SCH LEASE REVENUE | City of Hugo MN                                                    | CUSIP: 444584AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2327529.75   | 0.44%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JBB5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    715000 | PA      | $734934.20    | 0.14%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV | City of Woodbury MN                                                | CUSIP: 979134AY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $906790.00    | 0.17%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN HLTH CARE & HSG R | City of Rochester MN                                               | CUSIP: 771906CV4<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   3520000 | PA      | $3520598.40   | 0.66%             | 2048-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WHITE BEAR LAKE MN INDEP SCH D | White Bear Lake Independent School District No 624                 | CUSIP: 963439C36<br>LEI: 549300I7BXOUJLASQ618 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4012100.00   | 0.76%             | 2042-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REDWOOD MN AREA SCHS INDEP SCH | Redwood Area Schools Independent School District No 2897           | CUSIP: 757763CV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2113047.30   | 0.40%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 792893HV4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    300000 | PA      | $319113.00    | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VY MN SENIOR HSG REVENUE | City of Apple Valley MN                                            | CUSIP: 03800RAU0<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1369450.20   | 0.26%             | 2058-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN CHARTER SCH LEA | City of Minneapolis MN                                             | CUSIP: 60375CBV5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $422015.00    | 0.08%             | 2057-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF MINNESOTA MN           | University of Minnesota                                            | CUSIP: 914460QL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1111011.00   | 0.21%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTONKA MN INDEP SCH DIST #27 | Westonka Independent School District No 277                        | CUSIP: 960906GG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2419858.50   | 0.46%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROOKLYN PK MN CHRT SCH LEASE  | City of Brooklyn Park MN                                           | CUSIP: 114224AQ1<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1306770.00   | 0.25%             | 2054-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                             | CUSIP: 60374VEV1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3464887.50   | 0.65%             | 2040-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827K47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1277974.80   | 0.24%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENNEPIN CNTY MN               | County of Hennepin MN                                              | CUSIP: 425507JW1<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   2855000 | PA      | $3072579.55   | 0.58%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 852297CG3<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100649.00    | 0.02%             | 2029-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN                 | City of Minneapolis MN                                             | CUSIP: 60375BHK5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3146800.00   | 0.59%             | 2042-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416T5N4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    600000 | PA      | $588516.00    | 0.11%             | 2041-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                             | CUSIP: 60374VEF6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   6115000 | PA      | $5882018.50   | 1.11%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                               | CUSIP: 74526QZY1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    430000 | PA      | $285412.50    | 0.05%             | 2042-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BETHEL MN HSG AND HLTH CARE FA | City of Bethel MN Housing and Health Care Facilities Revenue       | CUSIP: 08675RAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1013771.00   | 0.19%             | 2049-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 852297AS9<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $2535738.50   | 0.48%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827C53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1204836.00   | 0.23%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                  | CUSIP: 60416JCX6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1008228.00   | 0.19%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue             | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $792127.10    | 0.15%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission               | CUSIP: 603827E93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1737072.05   | 0.33%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHAKOPEE MN HLTH CARE FACS REV | City of Shakopee MN                                                | CUSIP: 819175BE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $575569.25    | 0.11%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416UCG8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    500000 | PA      | $479560.00    | 0.09%             | 2066-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue             | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24614000 | PA      | $5745153.74   | 1.08%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416TQ50<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1309891.50   | 0.25%             | 2043-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BETHEL MN CHRT SCH LEASE REVEN | City of Bethel MN                                                  | CUSIP: 086759AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1260987.00   | 0.24%             | 2047-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN MN CHARTER SCH LEASE | City of Deephaven MN                                               | CUSIP: 24380HAR3<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |    500000 | PA      | $499995.00    | 0.09%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                   | CUSIP: 60416T5M6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1838270.40   | 0.35%             | 2038-07-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue             | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3280000 | PA      | $1036644.00   | 0.20%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ELK RIVER MN INDEP SCH DIST #7 | Elk River Independent School District No 728                       | CUSIP: 287425N99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1617685.20   | 0.31%             | 2040-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH REVENU | Duluth Economic Development Authority                              | CUSIP: 26444VAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $442959.00    | 0.08%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WSTRN MN MUNI PWR AGY          | Western Minnesota Municipal Power Agency                           | CUSIP: 958697KL7<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1304199.00   | 0.25%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PETER MN INDEP SCH DIST# | St Peter Independent School District No 508                        | CUSIP: 793181KN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $775412.50    | 0.15%             | 2045-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN HSG & REDEV AUTHRE | Woodbury Housing & Redevelopment Authority                         | CUSIP: 979141AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $1933042.55   | 0.36%             | 2044-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                             | CUSIP: 60374VEU3<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   4505000 | PA      | $4198705.05   | 0.79%             | 2039-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROOKLYN PK MN CHRT SCH LEASE  | City of Brooklyn Park MN                                           | CUSIP: 114224AP3<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1800320.00   | 0.34%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota | CUSIP: 792909FL2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2043447.00   | 0.39%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** Voyageur Tax Free Funds

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

**Title:** Division Director - Head of US Fund Administration