# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-23-064802
**Filing Date:** 2023-3
**Character Count:** 148552
**Document Hash:** 64624c63629adf4298b6f863b3542ebe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-064802.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001752724-23-064802

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 23757958

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-1209

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20211220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20080616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL INVESTORS FUND INC
- **DATE OF NAME CHANGE:** 20001012

## Series and Classes Contracts Data

### Tax-Exempt Bond Fund formerly Tax-Exempt Bond Fund I (Series ID: S000014237)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000038734 | Class A             | PTEAX           |
| C000038736 | Class C             | PTBCX           |
| C000158782 | Institutional Class | PITEX           |

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1.1.1

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Principal Funds, Inc

- **b. Investment Company Act file number:** 811-07572

- **c. CIK number of Registrant:** 0000898745

- **d. LEI of Registrant:** 549300HZGBXSW6DSXF23

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

  - **Street Address 1:** 801 Grand Ave

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

  - **Telephone number:** 515-235-1719

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

- **a. Name of Series:** Tax-Exempt Bond Fund

- **b. EDGAR series identifier (if any):** S000014237

- **c. LEI of Series:** 6BYFT28JGHOUTUDNKO44

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $590819372.05

**Total Liabilities:** $4115362.52

**Net Assets:** $586704009.53

**Delayed Delivery Securities:** $2255937.80

**Cash Not Reported:** $4134689.99

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1211.84150000 | **1-Year:** 3953.11740000 | **5-Year:** 67047.76660000 | **10-Year:** 126244.85400000 | **30-Year:** 122988.74950000

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

- **3-Month:** 301.76430000 | **1-Year:** 984.37770000 | **5-Year:** 16695.76660000 | **10-Year:** 31436.61180000 | **30-Year:** 30625.79940000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000038736 | 4.77%                | 0.04%                | 3.04%                |
| Class ID C000158782 | 4.88%                | 0.14%                | 3.14%                |
| Class ID C000038734 | 4.85%                | -0.03%               | 3.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3033544.46             | $29939236.52                               |
| Month 2  | $-3351358.99             | $2392860.68                                |
| Month 3  | $-2569607.32             | $19246713.62                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Port Beaumont Navigation District                                                         | Port Beaumont Navigation District                                                         | CUSIP: 73360CAC8<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   4535000 | PA      | $3722168.37   | 0.63%             | 2035-01-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Transport Metropolitan District No 3                                                      | Transport Metropolitan District No 3                                                      | CUSIP: 89386FAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1226791.80   | 0.21%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043277.80   | 0.35%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                                        | City of Detroit MI                                                                        | CUSIP: 2510934Q0<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029228.70   | 0.18%             | 2050-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                                 | Central Texas Regional Mobility Authority                                                 | CUSIP: 155498GJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2886289.15   | 0.49%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                 | New Jersey Economic Development Authority                                                 | CUSIP: 64578JBC9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    805000 | PA      | $824542.18    | 0.14%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                  | New Hampshire Business Finance Authority                                                  | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $805456.00    | 0.14%             | 2045-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                             | Sales Tax Securitization Corp                                                             | CUSIP: 79467BCK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1321544.63   | 0.23%             | 2048-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Riverside Community Properties Development Inc                                            | Riverside Community Properties Development Inc                                            | CUSIP: 768870AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1179353.18   | 0.20%             | 2038-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                             | Sales Tax Securitization Corp                                                             | CUSIP: 79467BCX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2185879.80   | 0.37%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                             | North Texas Tollway Authority                                                             | CUSIP: 66285WPR1<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024356.80   | 0.17%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                                  | Metropolitan Pier & Exposition Authority                                                  | CUSIP: 592250FA7<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4771287.00   | 0.81%             | 2042-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                                | Metropolitan Water Reclamation District of Greater Chicago                                | CUSIP: 167560VA6<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1700485.35   | 0.29%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    350899 | PA      | $380558.00    | 0.06%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                          | California Pollution Control Financing Authority                                          | CUSIP: 130536QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022800.60   | 0.34%             | 2040-07-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District/The                                                            | Lower Alabama Gas District/The                                                            | CUSIP: 547804AF1<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $6030517.35   | 1.03%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                            | Tender Option Bond Trust Receipts/Certificates                                            | CUSIP: 88033YSZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2555863.68   | 0.44%             | 2047-10-01      | Variable      | 8.17%                 | No            |                  2 | On Loan: No      |
| iShares National Muni Bond ETF                                                            | iShares National Muni Bond ETF                                                            | CUSIP: 464288414<br>LEI: 549300H21FUYFQW9N157 | Long             | EC               | RF                | US        |       528 | NS      | $57087.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| San Diego Unified School District/CA                                                      | San Diego Unified School District/CA                                                      | CUSIP: 797355Q64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3832631.50   | 0.65%             | 2032-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STC Metropolitan District No 2                                                            | STC Metropolitan District No 2                                                            | CUSIP: 85780TAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945502.70    | 0.16%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Detroit City School District                                                              | Detroit City School District                                                              | CUSIP: 251130FR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104057.90   | 0.19%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                            | New Jersey Transportation Trust Fund Authority                                            | CUSIP: 646136V32<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2084826.00   | 0.36%             | 2032-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                               | George L Smith II Congress Center Authority                                               | CUSIP: 37255MAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3088791.05   | 0.53%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                              | Massachusetts Port Authority                                                              | CUSIP: 575898DE8<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112924.40   | 0.19%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Navigation District                                                         | Port Beaumont Navigation District                                                         | CUSIP: 73360CAM6<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $676745.50    | 0.12%             | 2041-01-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                               | San Diego County Regional Airport Authority                                               | CUSIP: 79739GKC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $329515.95    | 0.06%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                     | Pennsylvania Economic Development Financing Authority                                     | CUSIP: 70868YAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4472813.00   | 0.76%             | 2043-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Botetourt VA                                                                    | County of Botetourt VA                                                                    | CUSIP: 101271AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019043.10   | 0.17%             | 2044-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                          | Florida Development Finance Corp                                                          | CUSIP: 34061XAB8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1884954.00   | 0.32%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Gallatin MT                                                                     | County of Gallatin MT                                                                     | CUSIP: 363671BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4025162.50   | 0.69%             | 2046-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                                | Orange County School Board                                                                | CUSIP: 684517SQ9<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $6109692.50   | 1.04%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                       | State of California                                                                       | CUSIP: 13063DHM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2306824.60   | 0.39%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Redevelopment & Housing Authority                                          | Fairfax County Redevelopment & Housing Authority                                          | CUSIP: 303835DR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3258184.80   | 0.56%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                               | Virginia Small Business Financing Authority                                               | CUSIP: 928104NX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968101.80    | 0.17%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway 249 System                                  | Texas Transportation Commission State Highway 249 System                                  | CUSIP: 88283NAZ5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031109.60   | 0.35%             | 2057-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                                 | City of Houston TX Airport System Revenue                                                 | CUSIP: 4423485T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5003547.00   | 0.85%             | 2038-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1482745 | PA      | $1386366.87   | 0.24%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                | City of Los Angeles Department of Airports                                                | CUSIP: 544445QH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035027.80   | 0.18%             | 2037-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                              | West Virginia Economic Development Authority                                              | CUSIP: 95648VBJ7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1234014.88   | 0.21%             | 2045-07-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                                | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                                | CUSIP: 709221VE2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4717037.78   | 0.80%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                                                | Lancaster Industrial Development Authority                                                | CUSIP: 51434NAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $605386.95    | 0.10%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                                  | Massachusetts Development Finance Agency                                                  | CUSIP: 57584Y2Y4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3766652.70   | 0.64%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                        | City of Chicago IL                                                                        | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039444.20   | 0.18%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650110AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $854637.30    | 0.15%             | 2053-04-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                        | New York State Dormitory Authority                                                        | CUSIP: 64990GZQ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1326447.00   | 0.23%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                                     | County of Hamilton OH                                                                     | CUSIP: 40727RBT4<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2338162.75   | 0.40%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                                   | Port Authority of New York & New Jersey                                                   | CUSIP: 73358W5L4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3326250.30   | 0.57%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                  | Public Finance Authority                                                                  | CUSIP: 74444VAF7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1333320.45   | 0.23%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                        | City of Chicago IL                                                                        | CUSIP: 167486UH0<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050374.20   | 0.35%             | 2029-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                               | Metropolitan Washington Airports Authority Aviation Revenue                               | CUSIP: 592647KC4<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |  10135000 | PA      | $11534281.68  | 1.97%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2087240.60   | 0.36%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                               | Kentucky Turnpike Authority                                                               | CUSIP: 491552R80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6550000 | PA      | $7860842.33   | 1.34%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                                    | North Carolina Medical Care Commission                                                    | CUSIP: 65820YPB6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046097.40   | 0.18%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3E5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1994783 | PA      | $2004288.34   | 0.34%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                             | Sales Tax Securitization Corp                                                             | CUSIP: 79467BBK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3172728.30   | 0.54%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    256701 | PA      | $227153.41    | 0.04%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                                        | Allegheny County Airport Authority                                                        | CUSIP: 01728LFK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $480469.31    | 0.08%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Detroit City School District                                                              | Detroit City School District                                                              | CUSIP: 251130FQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112418.10   | 0.19%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                                     | Illinois State Toll Highway Authority                                                     | CUSIP: 452252LG2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5552582.36   | 0.95%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                                  | Metropolitan Pier & Exposition Authority                                                  | CUSIP: 592248EE4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2624477.23   | 0.45%             | 2029-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                          | Pennsylvania Turnpike Commission                                                          | CUSIP: 709224ZX0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1839929.85   | 0.31%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority     | Louisiana Local Government Environmental Facilities & Community Development Authority     | CUSIP: 54628CJB9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1717446.85   | 0.29%             | 2044-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                    | California Municipal Finance Authority                                                    | CUSIP: 13049YBC4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $632903.04    | 0.11%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    367229 | PA      | $384632.61    | 0.07%             | 2027-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3326843.84   | 0.57%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                                | Finance Authority of Maine                                                                | CUSIP: 56042CAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1782194.58   | 0.30%             | 2035-08-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                        | City of Chicago IL                                                                        | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2965000 | PA      | $3158954.29   | 0.54%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Elbert County Independence Water & Sanitation District                                    | Elbert County Independence Water & Sanitation District                                    | CUSIP: 45380AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017859.10   | 0.17%             | 2038-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Tuscaloosa County Industrial Development Authority                                        | Tuscaloosa County Industrial Development Authority                                        | CUSIP: 90068FAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2409690 | PA      | $2199016.35   | 0.37%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                                                     | Louisiana Offshore Terminal Authority                                                     | CUSIP: 546510FP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3283575.62   | 0.56%             | 2027-09-01      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                                    | Hillsborough County Aviation Authority                                                    | CUSIP: 432308P73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2123155.40   | 0.36%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                        | Health & Educational Facilities Authority of the State of Missouri                        | CUSIP: 60635H2R9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1257680.00   | 0.21%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                                 | New Jersey Economic Development Authority                                                 | CUSIP: 64577HMH1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1015832.79   | 0.17%             | 2031-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                                   | Texas Private Activity Bond Surface Transportation Corp                                   | CUSIP: 882667AG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017522.00   | 0.17%             | 2038-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                  | New Hampshire Business Finance Authority                                                  | CUSIP: 63607YAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960182.00    | 0.16%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority                                                          | Raleigh Durham Airport Authority                                                          | CUSIP: 751073MC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1281442.59   | 0.22%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                                        | Montana Facility Finance Authority                                                        | CUSIP: 612043KW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1963805.40   | 0.33%             | 2038-07-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Kentwood Economic Development Corp                                                        | Kentwood Economic Development Corp                                                        | CUSIP: 491740EY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999924.50    | 0.17%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                                 | City of Houston TX Airport System Revenue                                                 | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020529.60   | 0.34%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    370585 | PA      | $379100.08    | 0.06%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                                   | Texas Private Activity Bond Surface Transportation Corp                                   | CUSIP: 882667BE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2514779.72   | 0.43%             | 2032-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VanEck High Yield Muni ETF                                                                | VanEck High Yield Muni ETF                                                                | CUSIP: 92189H409<br>LEI: 549300UT41BWOPGYSE94 | Long             | EC               | RF                | US        |      2363 | NS      | $123915.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tuscaloosa County Industrial Development Authority                                        | Tuscaloosa County Industrial Development Authority                                        | CUSIP: 90068FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    997000 | PA      | $888034.48    | 0.15%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority     | Louisiana Local Government Environmental Facilities & Community Development Authority     | CUSIP: 54628CDX7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   6555000 | PA      | $6251459.58   | 1.07%             | 2032-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002506.50   | 0.17%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116EQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $3078658.07   | 0.52%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                         | Tobacco Settlement Financing Corp                                                         | CUSIP: 888808HN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4702028.99   | 0.80%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                                           | Kentucky Municipal Power Agency                                                           | CUSIP: 491501FN7<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1181671.74   | 0.20%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                                | Utah Infrastructure Agency                                                                | CUSIP: 917467AU6<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1218716.16   | 0.21%             | 2040-10-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board | Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board | CUSIP: 592041WG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4510000 | PA      | $4677678.19   | 0.80%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3501736.70   | 0.60%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                                    | Ohio Air Quality Development Authority                                                    | CUSIP: 67754AAD6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969804.60    | 0.17%             | 2038-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                            | Buckeye Tobacco Settlement Financing Authority                                            | CUSIP: 118217CV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1791488.20   | 0.31%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                          | Parish of St John the Baptist LA                                                          | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5739585.03   | 0.98%             | 2037-06-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                  | Public Finance Authority                                                                  | CUSIP: 74443QAB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2517657.00   | 0.43%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                                | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                                | CUSIP: 709221VY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4055000 | PA      | $4414281.92   | 0.75%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Trimble KY                                                                      | County of Trimble KY                                                                      | CUSIP: 896224BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $869095.60    | 0.15%             | 2044-09-01      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                                        | City of Whiting IN                                                                        | CUSIP: 96634RAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $332542.39    | 0.06%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Industrial Development Authority                                         | Allegheny County Industrial Development Authority                                         | CUSIP: 01730PAB5<br>LEI: 5493001680EYSTWFLS08 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1680090.06   | 0.29%             | 2030-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                               | Washington State Housing Finance Commission                                               | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    107352 | PA      | $101166.78    | 0.02%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                         | State of Illinois                                                                         | CUSIP: 452151YE7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $562534.60    | 0.10%             | 2030-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1570667 | PA      | $693056.88    | 0.12%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Navigation District                                                         | Port Beaumont Navigation District                                                         | CUSIP: 73360CAL8<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $729142.80    | 0.12%             | 2036-01-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh and Allegheny County                          | Sports & Exhibition Authority of Pittsburgh and Allegheny County                          | CUSIP: 724791BY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9140000 | PA      | $10463588.99  | 1.78%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                                 | Tarrant County Cultural Education Facilities Finance Corp                                 | CUSIP: 87638RGV3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2060000 | PA      | $2124039.43   | 0.36%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                                | Southern California Public Power Authority                                                | CUSIP: 842471AW4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2593245.80   | 0.44%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                                   | Michigan Strategic Fund                                                                   | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3960000 | PA      | $3918615.62   | 0.67%             | 2061-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lakeland FL Department of Electric Utilities                                      | City of Lakeland FL Department of Electric Utilities                                      | CUSIP: 51166FCK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1199807.80   | 0.20%             | 2036-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                     | Metropolitan Transportation Authority                                                     | CUSIP: 59261AJ99<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $911601.60    | 0.16%             | 2045-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Richland SC                                                                     | County of Richland SC                                                                     | CUSIP: 76363PAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000056.00   | 0.17%             | 2023-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                  | Public Finance Authority                                                                  | CUSIP: 74443QAC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3059237.40   | 0.52%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sea Breeze Public Facility Corp                                                           | Sea Breeze Public Facility Corp                                                           | CUSIP: 811331AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97895.67     | 0.02%             | 2046-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Authority     | Louisiana Local Government Environmental Facilities & Community Development Authority     | CUSIP: 54628CES7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2509673.51   | 0.43%             | 2039-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                                | Utah Infrastructure Agency                                                                | CUSIP: 917467AH5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510007.70   | 0.26%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                               | San Diego County Regional Airport Authority                                               | CUSIP: 79739GKF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540569.60    | 0.09%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Board of Housing                                                                  | Montana Board of Housing                                                                  | CUSIP: 61213TBC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $819552.17    | 0.14%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                                        | City of Chicago IL Wastewater Transmission Revenue                                        | CUSIP: 167727WR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023332.40   | 0.17%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                    | California Municipal Finance Authority                                                    | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3020875.25   | 0.51%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                                      | Colorado Health Facilities Authority                                                      | CUSIP: 19648FJE5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   6280000 | PA      | $6146348.41   | 1.05%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                                   | State of Oregon Housing & Community Services Department                                   | CUSIP: 686087ZK6<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    860000 | PA      | $847291.18    | 0.14%             | 2033-07-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Development Authority of Appling County                                                   | Development Authority of Appling County                                                   | CUSIP: 038315EW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2384770.25   | 0.41%             | 2038-01-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    110715 | PA      | $103690.81    | 0.02%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue                       | Metropolitan Washington Airports Authority Dulles Toll Road Revenue                       | CUSIP: 592643DE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052799.60   | 0.18%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                    | California Municipal Finance Authority                                                    | CUSIP: 13049YEN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2478733.15   | 0.42%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                                      | Chicago O'Hare International Airport                                                      | CUSIP: 167593WN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2158874.20   | 0.37%             | 2036-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                                       | State of New Jersey                                                                       | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5527745.00   | 0.94%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                                       | City of St Louis MO Airport Revenue                                                       | CUSIP: 791638M30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1449007.63   | 0.25%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                           | California Community Choice Financing Authority                                           | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5338216.50   | 0.91%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| King George County Economic Development Authority                                         | King George County Economic Development Authority                                         | CUSIP: 49548YAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1591363.04   | 0.27%             | 2023-06-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                         | California Housing Finance Agency                                                         | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   7108136 | PA      | $7107053.01   | 1.21%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                                | Utah Infrastructure Agency                                                                | CUSIP: 917467AS1<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030422.10   | 0.18%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                            | Tender Option Bond Trust Receipts/Certificates                                            | CUSIP: 88033MQP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $768879.94    | 0.13%             | 2040-01-01      | Variable      | 8.43%                 | No            |                  2 | On Loan: No      |
| Oregon State Business Development Commission                                              | Oregon State Business Development Commission                                              | CUSIP: 68608GAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $73000.00     | 0.01%             | 2031-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                               | San Diego County Regional Airport Authority                                               | CUSIP: 79739GKH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69706.40     | 0.01%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Port Corp                                                                    | South Jersey Port Corp                                                                    | CUSIP: 838530RG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5121285.00   | 0.87%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPDR Nuveen Bloomberg High Yield Municipal Bond ETF                                       | SPDR Nuveen Bloomberg High Yield Municipal Bond ETF                                       | CUSIP: 78464A284<br>LEI: 54930036TY0W1EQHEK50 | Long             | EC               | RF                | US        |      9994 | NS      | $255446.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ohio Air Quality Development Authority                                                    | Ohio Air Quality Development Authority                                                    | CUSIP: 67754AAE4<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    850000 | PA      | $802495.03    | 0.14%             | 2048-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                            | Buckeye Tobacco Settlement Financing Authority                                            | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4050000 | PA      | $3861745.47   | 0.66%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                                   | Georgia Ports Authority                                                                   | CUSIP: 373586HN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3585000 | PA      | $4246013.06   | 0.72%             | 2039-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                                   | Georgia Ports Authority                                                                   | CUSIP: 373586GJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $3333143.40   | 0.57%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                               | New York City Industrial Development Agency                                               | CUSIP: 64971PKZ7<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1161068.40   | 0.20%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                            | Tender Option Bond Trust Receipts/Certificates                                            | CUSIP: 88033SCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $975681.76    | 0.17%             | 2046-11-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    428210 | PA      | $247993.63    | 0.04%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                        | South Carolina Jobs-Economic Development Authority                                        | CUSIP: 837031WN9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1411817.25   | 0.24%             | 2052-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sacramento Area Flood Control Agency                                                      | Sacramento Area Flood Control Agency                                                      | CUSIP: 785840HD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1375780.95   | 0.23%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Ultra-Short Municipal Income ETF                                                 | JPMorgan Ultra-Short Municipal Income ETF                                                 | CUSIP: 46641Q654<br>LEI: 549300C27W430AWFZC05 | Long             | EC               | RF                | US        |        99 | NS      | $5028.21      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                          | Pennsylvania Turnpike Commission                                                          | CUSIP: 709224M97<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2267511.40   | 0.39%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Navajo Nation                                                                             | Navajo Nation                                                                             | CUSIP: 639185AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1298056.92   | 0.22%             | 2030-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Detroit City School District                                                              | Detroit City School District                                                              | CUSIP: 251130FS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2199013.80   | 0.37%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                          | Virginia Public School Authority                                                          | CUSIP: 92818HMQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3535000 | PA      | $4137823.20   | 0.71%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Hudson Sewerage Authority/NJ                                                        | North Hudson Sewerage Authority/NJ                                                        | CUSIP: 660043EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $223560.90    | 0.04%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                         | State of Illinois                                                                         | CUSIP: 452153EQ8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6855000 | PA      | $7432537.86   | 1.27%             | 2044-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                             | Massachusetts Educational Financing Authority                                             | CUSIP: 57563RKF5<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    665000 | PA      | $665461.64    | 0.11%             | 2028-07-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                         | State of Illinois                                                                         | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4590000 | PA      | $4923155.51   | 0.84%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue                   | New York City Transitional Finance Authority Future Tax Secured Revenue                   | CUSIP: 64971XHN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3335752.80   | 0.57%             | 2037-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                  | New Hampshire Business Finance Authority                                                  | CUSIP: 63607YAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925203.50    | 0.16%             | 2042-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                                        | City of Chicago IL                                                                        | CUSIP: 16752QAB4<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    509662 | PA      | $475259.99    | 0.08%             | 2026-02-15      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| Tompkins County Development Corp                                                          | Tompkins County Development Corp                                                          | CUSIP: 890096BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $56925.00     | 0.01%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Velocity Metropolitan District No 3                                                       | Velocity Metropolitan District No 3                                                       | CUSIP: 92259GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2240612.53   | 0.38%             | 2034-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    362971 | PA      | $302649.14    | 0.05%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alum Rock Union Elementary School District                                                | Alum Rock Union Elementary School District                                                | CUSIP: 022168LJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013188.90   | 0.17%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                                       | City of Dallas TX Waterworks & Sewer System Revenue                                       | CUSIP: 23542JRX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5236715.00   | 0.89%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Painted Prairie Public Improvement Authority                                              | Painted Prairie Public Improvement Authority                                              | CUSIP: 69578NAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921023.80    | 0.16%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                                | Metropolitan Water Reclamation District of Greater Chicago                                | CUSIP: 167560SX0<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5473389.50   | 0.93%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                    | California Municipal Finance Authority                                                    | CUSIP: 13049YBB6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059084.90   | 0.18%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                                                | Lancaster Industrial Development Authority                                                | CUSIP: 51434NAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $782014.30    | 0.13%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oglala Sioux Tribe                                                                        | Oglala Sioux Tribe                                                                        | CUSIP: 67662LAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1461374.70   | 0.25%             | 2025-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                              | Massachusetts Port Authority                                                              | CUSIP: 575898DL2<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086534.80   | 0.19%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                                     | City of Chicago IL Waterworks Revenue                                                     | CUSIP: 167736B71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031028.80   | 0.18%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116EH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2582660.81   | 0.44%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                  | New Hampshire Business Finance Authority                                                  | CUSIP: 63608RAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6575370.75   | 1.12%             | 2027-07-01      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| Las Vegas Redevelopment Agency                                                            | Las Vegas Redevelopment Agency                                                            | CUSIP: 517732DR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3971673.86   | 0.68%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7515632.16   | 1.28%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                            | Oakland Unified School District/Alameda County                                            | CUSIP: 672325XU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2362669.89   | 0.40%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                                        | City of Chicago IL Wastewater Transmission Revenue                                        | CUSIP: 167727WP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028854.80   | 0.18%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh and Allegheny County                          | Sports & Exhibition Authority of Pittsburgh and Allegheny County                          | CUSIP: 724791BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $2196020.94   | 0.37%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                     | Metropolitan Transportation Authority                                                     | CUSIP: 59261AJ73<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094160.20   | 0.19%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                                       | County of Cook IL Sales Tax Revenue                                                       | CUSIP: 213248BZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1638670.20   | 0.28%             | 2036-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Industrial Development Board          | Metropolitan Government Nashville & Davidson County Industrial Development Board          | CUSIP: 59211SAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $811791.00    | 0.14%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                                  | Chicago Transit Authority Capital Grant Receipts Revenue                                  | CUSIP: 167723HE8<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3644756.38   | 0.62%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                                     | City of Farmington NM                                                                     | CUSIP: 311450FW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $502828.86    | 0.09%             | 2033-04-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                                  | Arizona Industrial Development Authority                                                  | CUSIP: 04052TAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $375022.42    | 0.06%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    361270 | PA      | $384093.81    | 0.07%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                                                    | Roanoke Economic Development Authority                                                    | CUSIP: 770081BE6<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1338301.82   | 0.23%             | 2044-12-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                                     | Parish of St James LA                                                                     | CUSIP: 790103AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030598.20   | 0.18%             | 2041-08-01      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                                | Metropolitan Water Reclamation District of Greater Chicago                                | CUSIP: 167560MW8<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1878426.30   | 0.32%             | 2032-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                          | Florida Development Finance Corp                                                          | CUSIP: 34061XAD4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3848917.00   | 0.66%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                                       | City of St Louis MO Airport Revenue                                                       | CUSIP: 791638VG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1739233.35   | 0.30%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                               | San Diego County Regional Airport Authority                                               | CUSIP: 79739GKB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $461023.92    | 0.08%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                                  | New Hampshire Business Finance Authority                                                  | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    389788 | PA      | $393794.30    | 0.07%             | 2034-01-20      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                                     | Metropolitan Transportation Authority                                                     | CUSIP: 59261APR2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    400000 | PA      | $420530.32    | 0.07%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                             | Sales Tax Securitization Corp                                                             | CUSIP: 79467BCW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089502.20   | 0.19%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                                       | State of New Jersey                                                                       | CUSIP: 646039YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2336916.33   | 0.40%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp I                                         | Texas Municipal Gas Acquisition and Supply Corp I                                         | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |  10015000 | PA      | $10643654.57  | 1.81%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                                 | Westchester County Local Development Corp                                                 | CUSIP: 95737TCD6<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2325759.84   | 0.40%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                            | Wayne County Airport Authority                                                            | CUSIP: 944514SX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035432.00   | 0.18%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                                 | Salt Verde Financial Corp                                                                 | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   5165000 | PA      | $5634160.71   | 0.96%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                        | New York State Dormitory Authority                                                        | CUSIP: 64990CCD1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140316.48    | 0.02%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                            | Tender Option Bond Trust Receipts/Certificates                                            | CUSIP: 88034NML5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4302000 | PA      | $4762411.23   | 0.81%             | 2043-07-01      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                      | District of Columbia                                                                      | CUSIP: 25477GNZ4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2321840.80   | 0.40%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                                     | County of Hamilton OH                                                                     | CUSIP: 40727RBS6<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1436477.19   | 0.24%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                                   | Texas Private Activity Bond Surface Transportation Corp                                   | CUSIP: 882667AS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4317189.60   | 0.74%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                                        | Port of Seattle WA                                                                        | CUSIP: 735389U48<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5942145.83   | 1.01%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                                                        | New York Counties Tobacco Trust VI                                                        | CUSIP: 64945JAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $758803.92    | 0.13%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                         | State of Illinois                                                                         | CUSIP: 452152T35<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1461291.66   | 0.25%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Shoals IN                                                                         | Town of Shoals IN                                                                         | CUSIP: 82489FAA2<br>LEI: 5493006DNS1L0C0NCJ71 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1941769.79   | 0.33%             | 2043-11-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                        | South Carolina Jobs-Economic Development Authority                                        | CUSIP: 83704DAM8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1834901.25   | 0.31%             | 2051-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                | City of Los Angeles Department of Airports                                                | CUSIP: 544445JB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1403208.88   | 0.24%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                         | Tobacco Settlement Financing Corp                                                         | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7313361.30   | 1.25%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lincoln Airport Authority                                                                 | Lincoln Airport Authority                                                                 | CUSIP: 534247QX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033759.20   | 0.18%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue                   | New York City Transitional Finance Authority Future Tax Secured Revenue                   | CUSIP: 64971X2N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3558118.50   | 0.61%             | 2037-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                          | Port of Greater Cincinnati Development Authority                                          | CUSIP: 734195BR0<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1576553.60   | 0.27%             | 2050-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                         | State of Illinois                                                                         | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2415000 | PA      | $2602558.80   | 0.44%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority                                                          | Raleigh Durham Airport Authority                                                          | CUSIP: 751073MB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2239282.00   | 0.38%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                               | San Diego County Regional Airport Authority                                               | CUSIP: 79739GKE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $487629.45    | 0.08%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                               | Main Street Natural Gas Inc                                                               | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7228656.75   | 1.23%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116FT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921936.00    | 0.16%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| West Contra Costa Unified School District                                                 | West Contra Costa Unified School District                                                 | CUSIP: 952347ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014534.00   | 0.17%             | 2033-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                     | Louisiana Public Facilities Authority                                                     | CUSIP: 54640TAJ8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    658760 | PA      | $6.59         | 0.00%             | 2039-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Assessment Revenue                             | Massachusetts Bay Transportation Authority Assessment Revenue                             | CUSIP: 575577HV6<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2322394.60   | 0.40%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                            | New Jersey Transportation Trust Fund Authority                                            | CUSIP: 646136X97<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2350935.45   | 0.40%             | 2034-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                    | California Statewide Communities Development Authority                                    | CUSIP: 13078RHR4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2326478.80   | 0.40%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| George L Smith II Congress Center Authority                                               | George L Smith II Congress Center Authority                                               | CUSIP: 37255MAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $821675.20    | 0.14%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                  | Public Finance Authority                                                                  | CUSIP: 74442PTG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2031664.75   | 0.35%             | 2056-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                        | South Carolina Jobs-Economic Development Authority                                        | CUSIP: 83704DAL0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1537312.60   | 0.26%             | 2040-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116EG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085785.50   | 0.19%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                          | Kentucky Public Energy Authority                                                          | CUSIP: 74440DBD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999739.00   | 0.51%             | 2049-01-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Mohegan Tribal Finance Authority                                                          | Mohegan Tribal Finance Authority                                                          | CUSIP: 608327AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4007144.00   | 0.68%             | 2045-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                               | Commonwealth of Puerto Rico                                                               | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    349015 | PA      | $300128.57    | 0.05%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                          | Tennergy Corp/TN                                                                          | CUSIP: 880397BG8<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024513.20   | 0.17%             | 2050-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Phenix City Industrial Development Board                                                  | Phenix City Industrial Development Board                                                  | CUSIP: 717346AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2999858.10   | 0.51%             | 2035-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                                  | Illinois Sports Facilities Authority/The                                                  | CUSIP: 452143FN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2929804.83   | 0.50%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| iShares Short-Term National Muni Bond ETF                                                 | iShares Short-Term National Muni Bond ETF                                                 | CUSIP: 464288158<br>LEI: 5493006UX6BTVQQ8GI65 | Long             | EC               | RF                | US        |       374 | NS      | $39258.78     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| County of Botetourt VA                                                                    | County of Botetourt VA                                                                    | CUSIP: 101271AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024278.10   | 0.17%             | 2034-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                                        | South Carolina Jobs-Economic Development Authority                                        | CUSIP: 83704DAK2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $823035.30    | 0.14%             | 2031-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                                  | Denver Convention Center Hotel Authority                                                  | CUSIP: 249189DQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015656.40   | 0.17%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                                    | Harris County-Houston Sports Authority                                                    | CUSIP: 413890DE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3097479.90   | 0.53%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                                       | City of St Louis MO Airport Revenue                                                       | CUSIP: 791638H77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1178987.48   | 0.20%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Casino Reinvestment Development Authority Inc                                             | Casino Reinvestment Development Authority Inc                                             | CUSIP: 14760RAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $767173.28    | 0.13%             | 2039-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                                     | Parish of St James LA                                                                     | CUSIP: 790103AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083958.80   | 0.18%             | 2040-12-01      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                         | State of Maryland                                                                         | CUSIP: 574193UN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $4137610.19   | 0.71%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                            | Tender Option Bond Trust Receipts/Certificates                                            | CUSIP: 88034YTB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1799986.80   | 0.31%             | 2036-05-15      | Variable      | 8.86%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                                   | City of Philadelphia PA                                                                   | CUSIP: 717813XM6<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2177472.20   | 0.37%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                            | Buckeye Tobacco Settlement Financing Authority                                            | CUSIP: 118217CT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1128500.78   | 0.19%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No 1                                                 | Matagorda County Navigation District No 1                                                 | CUSIP: 576528DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2388771.58   | 0.41%             | 2029-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                                 | Chandler Industrial Development Authority                                                 | CUSIP: 158862BY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1295610.81   | 0.22%             | 2037-12-01      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                                | Michigan Finance Authority                                                                | CUSIP: 59447TVA8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3328739.40   | 0.57%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                                     | Louisiana Public Facilities Authority                                                     | CUSIP: 54640TAE9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    416831 | PA      | $4.17         | 0.00%             | 2039-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                             | Central Texas Turnpike System                                                             | CUSIP: 88283KAU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1323371.77   | 0.23%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                               | Virginia Small Business Financing Authority                                               | CUSIP: 928104NZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3480000 | PA      | $2755278.86   | 0.47%             | 2041-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Village of Gilberts IL Special Service Area No 24                                         | Village of Gilberts IL Special Service Area No 24                                         | CUSIP: 37546QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    148568 | PA      | $134521.62    | 0.02%             | 2034-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                                  | New York Transportation Development Corp                                                  | CUSIP: 650116FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033084.10   | 0.18%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                                | Utah Infrastructure Agency                                                                | CUSIP: 917467AF9<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   4385000 | PA      | $4502119.84   | 0.77%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                                        | City of Chicago IL Wastewater Transmission Revenue                                        | CUSIP: 167727WS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2689242.68   | 0.46%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                            | Tender Option Bond Trust Receipts/Certificates                                            | CUSIP: 88034M3A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1972210.05   | 0.34%             | 2044-05-15      | Variable      | 8.46%                 | No            |                  2 | On Loan: No      |
| Collier County Health Facilities Authority                                                | Collier County Health Facilities Authority                                                | CUSIP: 19463VAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3638181.05   | 0.62%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United City of Yorkville IL                                                               | United City of Yorkville IL                                                               | CUSIP: 987361AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300016.14    | 0.05%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                               | San Diego County Regional Airport Authority                                               | CUSIP: 79739GKA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558959.35    | 0.10%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                                         | Mississippi Business Finance Corp                                                         | CUSIP: 60527MAM1<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976148.60    | 0.17%             | 2027-03-01      | Variable      | 2.20%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                                    | Arkansas Development Finance Authority                                                    | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997034.80    | 0.17%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                          | Florida Development Finance Corp                                                          | CUSIP: 34061YAH3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3608276.80   | 0.62%             | 2049-01-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                                  | State of Connecticut Special Tax Revenue                                                  | CUSIP: 207758ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $2081109.89   | 0.35%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                                 | Indiana Finance Authority                                                                 | CUSIP: 455054BE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1644067.74   | 0.28%             | 2026-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| West Harris County Regional Water Authority                                               | West Harris County Regional Water Authority                                               | CUSIP: 95308RRG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961971.50    | 0.16%             | 2049-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                                      | District of Columbia                                                                      | CUSIP: 25476FYG7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $3162716.97   | 0.54%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** Principal Funds, Inc

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Controller