# EDGAR Filing Document

**Accession Number:** 0000882300
**File Stem:** 0000940400-25-005510
**Filing Date:** 2025-10
**Character Count:** 217471
**Document Hash:** 819b13861be68fba091690c491b69c19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-005510.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000940400-25-005510

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WESTERN ASSET INTERMEDIATE MUNI FUND INC.
- **CENTRAL INDEX KEY:** 0000882300

**ORGANIZATION NAME:**
- **EIN:** 133643581
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06506
- **FILM NUMBER:** 251428621

**BUSINESS ADDRESS:**
- **STREET 1:** 620 EIGHTH AVENUE
- **STREET 2:** 47TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 888-777-0102

**MAIL ADDRESS:**
- **STREET 1:** 620 EIGHTH AVENUE
- **STREET 2:** 47TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INTERMEDIATE MUNI FUND INC
- **DATE OF NAME CHANGE:** 20020219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY INTERMEDIATE MUNICIPAL FUND INC
- **DATE OF NAME CHANGE:** 19920909

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SMITH BARNEY INTERMEDIATE QUALITY MUNICIPAL FUND INC
- **DATE OF NAME CHANGE:** 19600201

## Nport-Ex

Schedule of Investments (unaudited)

August 31, 2025

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity <br>Date<br>| Face <br>Amount<br>| Value |
| **Municipal Bonds — 131.2%** | **Municipal Bonds — 131.2%** | **Municipal Bonds — 131.2%** | **Municipal Bonds — 131.2%** | **Municipal Bonds — 131.2%** |
| *Alabama — 6.2%* | *Alabama — 6.2%* | *Alabama — 6.2%* | *Alabama — 6.2%* | *Alabama — 6.2%* |
| &nbsp;&nbsp;&nbsp; Alabama State Corrections Institution Finance Authority Revenue, Series A  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp; $750000 | &nbsp;&nbsp;&nbsp; $766049<br>|
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, AL, Gas Project Revenue Bonds: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D-1, Refunding | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 2/1/29 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 212321<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series F | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 12/1/28 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2114564<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Energy Southeast, A Cooperative District Energy, AL, Supply Revenue, Series B-1  | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 11/1/31 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1103025<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Jefferson County, AL, Sewer Revenue, Warrants, Series 2024, Refunding  | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 10/1/45 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1520186<br>|
| &nbsp;&nbsp;&nbsp; Mobile County, AL, IDA Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Solid Waste Disposal Facility, Calvert LLC Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/54 | &nbsp;&nbsp; 310000 | &nbsp;&nbsp;&nbsp; 281221<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Solid Waste Disposal Facility, Calvert LLC Project, Series B | &nbsp;&nbsp; 4.750% | &nbsp;&nbsp; 12/1/54 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 217573<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Southeast Alabama Gas Supply District, Gas Supply Revenue, Project No 1, <br> Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/1/31 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 429408<br>|
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority, AL, Cooperative District, Energy Supply Revenue, <br> Series B  | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/1/33 | &nbsp;&nbsp; 575000 | &nbsp;&nbsp;&nbsp; 602738<br> <sup>(a)(b)</sup><br>|
| *Total Alabama* | *Total Alabama* | *Total Alabama* | *Total Alabama* | &nbsp;&nbsp; *7247085* |
| *Alaska — 0.2%* | *Alaska — 0.2%* | *Alaska — 0.2%* | *Alaska — 0.2%* | *Alaska — 0.2%* |
| &nbsp;&nbsp;&nbsp; Alaska State Housing Finance Corp. Revenue, State Capital Project, Series B, <br> Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/36 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; *249076*<br>|
| *Arizona — 3.0%* | *Arizona — 3.0%* | *Arizona — 3.0%* | *Arizona — 3.0%* | *Arizona — 3.0%* |
| &nbsp;&nbsp;&nbsp; Chandler, AZ, IDA Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intel Corp. Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/27 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 509746<br> <sup>(a)(b)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intel Corp. Project | &nbsp;&nbsp; 3.800% | &nbsp;&nbsp; 6/15/28 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 505079<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intel Corp. Project | &nbsp;&nbsp; 4.100% | &nbsp;&nbsp; 6/15/28 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 252264<br> <sup>(a)(b)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intel Corp. Project | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/1/29 | &nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp; 656725<br> <sup>(a)(b)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; La Paz County, AZ, IDA, Lease Revenue, Charter School Solutions Harmony Public <br> Schools Project  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/38 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 495293<br>|
| &nbsp;&nbsp;&nbsp; Navajo Nation, AZ, Revenue, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/25 | &nbsp;&nbsp; 135000 | &nbsp;&nbsp;&nbsp; 135401<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Phoenix, AZ, Civic Improvement Corp., Airport Revenue, Junior Lien, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/27 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1001749<br>|
| *Total Arizona* | *Total Arizona* | *Total Arizona* | *Total Arizona* | &nbsp;&nbsp; *3556257* |
| *Arkansas — 0.3%* | *Arkansas — 0.3%* | *Arkansas — 0.3%* | *Arkansas — 0.3%* | *Arkansas — 0.3%* |
| &nbsp;&nbsp;&nbsp; Arkansas State Development Finance Authority, Environmental Improvement <br> Revenue, United States Steel Corporation Project, Green Bonds | &nbsp;&nbsp; 5.700% | &nbsp;&nbsp; 5/1/53 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; *352237*<br> <sup>(c)</sup><br>|
| *California — 12.1%* | *California — 12.1%* | *California — 12.1%* | *California — 12.1%* | *California — 12.1%* |
| &nbsp;&nbsp;&nbsp; Alameda, CA, Corridor Transportation Authority Revenue, Second Subordinated <br> Lien, Series B, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/34 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 507759<br>|
| &nbsp;&nbsp;&nbsp; California State Community Choice Financing Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clean Energy Project, Green Bonds, Series B | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/32 | &nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp; 1671034<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clean Energy Project, Green Bonds, Series B-1 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/29 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 633140<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clean Energy Project, Green Bonds, Series B-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 8/1/31 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 502400<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clean Energy Project, Green Bonds, Series C | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/32 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 318902<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clean Energy Project, Green Bonds, Series E | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/32 | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp; 1501124<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clean Energy Project, Green Bonds, Series H | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/33 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 652644<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; California State MFA Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Lien, LINXS APM Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/31/34 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 354394<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Lien, LINXS APM Project, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/31/43 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 389763<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; California State MFA Special Facility Revenue, United Airlines, Inc., Los Angeles <br> International Airport Project  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/15/29 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 248781<br> <sup>(c)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

August 31, 2025

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *California — continued* | *California — continued* | *California — continued* | *California — continued* | *California — continued* |
| &nbsp;&nbsp;&nbsp; California State PCFA Water Furnishing Revenue, Poseidon Resources  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/27 | &nbsp;&nbsp; $750000 | &nbsp;&nbsp;&nbsp; $753652<br> <sup>(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Folsom Cordova, CA, USD: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; School Facilities Improvement District No 4, GO, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 555096<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; School Facilities Improvement District No 5, GO, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/38 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 666115<br>|
| &nbsp;&nbsp;&nbsp; Los Angeles, CA, Department of Water & Power, Power System Revenue, Series <br> C  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 760608<br>|
| &nbsp;&nbsp;&nbsp; M-S-R Energy Authority, CA, Natural Gas Revenue, Series B  | &nbsp;&nbsp; 6.125% | &nbsp;&nbsp; 11/1/29 | &nbsp;&nbsp; 2245000 | &nbsp;&nbsp;&nbsp; 2378670<br>|
| &nbsp;&nbsp;&nbsp; River Islands, CA, Public Financing Authority, Special Tax Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Facilities District No 2003-1 | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 369724<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Community Facilities District No 2023-1 | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/1/43 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 255710<br>|
| &nbsp;&nbsp;&nbsp; Riverside, CA, Electric Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/36 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 790986<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/43 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 255176<br>|
| &nbsp;&nbsp;&nbsp; San Francisco, CA, City & County Airport Commission, International Airport <br> Revenue, SFO Fuel Co. LLC, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/33 | &nbsp;&nbsp; 645000 | &nbsp;&nbsp;&nbsp; 670921<br> <sup>(c)</sup><br>|
| *Total California* | *Total California* | *Total California* | *Total California* | &nbsp;&nbsp; *14236599* |
| *Colorado — 2.4%* | *Colorado — 2.4%* | *Colorado — 2.4%* | *Colorado — 2.4%* | *Colorado — 2.4%* |
| &nbsp;&nbsp;&nbsp; Base Village Metropolitan District No 2, CO, GO, Series A, Refunding  | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 12/1/36 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 500173<br>|
| &nbsp;&nbsp;&nbsp; Colorado State Health Facilities Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commonspirit Health Initiatives, Series B-2 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/26 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 251800<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Improvement Second Tier Bonds, Bethesda Project | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 9/15/54 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 375778<br>|
| &nbsp;&nbsp;&nbsp; Denver, CO, City & County Airport System Revenue, Subordinated, Series B, <br> Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/32 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1089006<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Denver, CO, City & County Special Facility Apartment Revenue, United <br> Airlines Inc. Project, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/32 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 99996<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Southern Ute Indian Tribe Reservation, CO, GO, Series A  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 371999<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Vauxmont Metropolitan District, CO, GO, Subordinate Limited Tax, Series 2019, <br> Refunding, AG  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/15/28 | &nbsp;&nbsp; 125000 | &nbsp;&nbsp;&nbsp; 128866<br>|
| *Total Colorado* | *Total Colorado* | *Total Colorado* | *Total Colorado* | &nbsp;&nbsp; *2817618* |
| *Connecticut — 1.8%* | *Connecticut — 1.8%* | *Connecticut — 1.8%* | *Connecticut — 1.8%* | *Connecticut — 1.8%* |
| &nbsp;&nbsp;&nbsp; Connecticut State HEFA Revenue, Sacred Heart University Issue, Series I-1, <br> Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 254819<br>|
| &nbsp;&nbsp;&nbsp; Connecticut State Special Tax Revenue, Transportation Infrastructure, Series A  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/37 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 514778<br>|
| &nbsp;&nbsp;&nbsp; Connecticut State, GO, Series A  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/15/39 | &nbsp;&nbsp; 1290000 | &nbsp;&nbsp;&nbsp; 1330629<br>|
| *Total Connecticut* | *Total Connecticut* | *Total Connecticut* | *Total Connecticut* | &nbsp;&nbsp; *2100226* |
| *Florida — 6.2%* | *Florida — 6.2%* | *Florida — 6.2%* | *Florida — 6.2%* | *Florida — 6.2%* |
| &nbsp;&nbsp;&nbsp; Broward County, FL, Airport System Revenue, Series 2017  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/36 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 253060<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Broward County, FL, Port Facilities Revenue, Series 2022  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp; 468293<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Florida State Development Finance Corp., Educational Facilities Revenue, <br> Renaissance Charter School Inc. Projects, Series A  | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 6/15/35 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 150027<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Florida State Development Finance Corp., Revenue, Brightline Passenger Rail <br> Project, Refunding, AG  | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 7/1/47 | &nbsp;&nbsp; 615000 | &nbsp;&nbsp;&nbsp; 592679<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Florida State Insurance Assistance Interlocal Agency Inc., Revenue, Series A-1, <br> Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/26 | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp; 1113018<br>|
| &nbsp;&nbsp;&nbsp; Florida State Mid-Bay Bridge Authority Revenue, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/27 | &nbsp;&nbsp; 545000 | &nbsp;&nbsp;&nbsp; 545970<br>|
| &nbsp;&nbsp;&nbsp; Hillsborough County, FL, Aviation Authority Revenue, Tampa International <br> Airport, Series E  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/43 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 247701<br> <sup>(c)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Florida — continued* | *Florida — continued* | *Florida — continued* | *Florida — continued* | *Florida — continued* |
| &nbsp;&nbsp;&nbsp; Miami-Dade County, FL, Health Facilities Authority Hospital Revenue, Nicklaus <br> Children's Hospital, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/36 | &nbsp;&nbsp; $250000 | &nbsp;&nbsp;&nbsp; $253632<br>|
| &nbsp;&nbsp;&nbsp; Miami-Dade County, FL, Seaport Revenue, Senior Bonds, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/47 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 972553<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Orange County, FL, Health Facilities Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orlando Health Inc., Series A, Refunding | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 10/1/56 | &nbsp;&nbsp; 225000 | &nbsp;&nbsp;&nbsp; 203408<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orlando Health Obligated Group, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/42 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 255724<br>|
| &nbsp;&nbsp;&nbsp; Palm Beach County, FL, Health Facilities Authority Revenue, Toby & Leon <br> Cooperman Sinai Residences of Boca Raton Expansion, Series 2022, Refunding  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 151097<br>|
| &nbsp;&nbsp;&nbsp; Pasco County, FL, Capital Improvement, Cigarette Tax Allocation Bonds, H. Lee <br> Moffitt Cancer Center Project, Series A, AG  | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 9/1/54 | &nbsp;&nbsp; 1825000 | &nbsp;&nbsp;&nbsp; 1906292<br>|
| &nbsp;&nbsp;&nbsp; Wildwood, FL, Village Community Development District No 15, Special <br> Assessment Revenue, Series 2024  | &nbsp;&nbsp; 4.200% | &nbsp;&nbsp; 5/1/39 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 140286<br> <sup>(d)</sup><br>|
| *Total Florida* | *Total Florida* | *Total Florida* | *Total Florida* | &nbsp;&nbsp; *7253740* |
| *Georgia — 1.7%* | *Georgia — 1.7%* | *Georgia — 1.7%* | *Georgia — 1.7%* | *Georgia — 1.7%* |
| &nbsp;&nbsp;&nbsp; Georgia State Municipal Electric Authority, Power Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plant Vogtle Units 3&4, Project M, Series A | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 7/1/64 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 201923<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plant Vogtle Units 3&4, Project P, Series A | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 7/1/64 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 203360<br>|
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas Inc., GA, Gas Project Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/15/33 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 258596<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/29 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1047767<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/30 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 318570<br> <sup>(a)(b)</sup><br>|
| *Total Georgia* | *Total Georgia* | *Total Georgia* | *Total Georgia* | &nbsp;&nbsp; *2030216* |
| *Guam — 0.2%* | *Guam — 0.2%* | *Guam — 0.2%* | *Guam — 0.2%* | *Guam — 0.2%* |
| &nbsp;&nbsp;&nbsp; Guam Government, Business Privilege Tax Revenue, Series F, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 1/1/36 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; *197160*<br>|
| *Hawaii — 0.4%* | *Hawaii — 0.4%* | *Hawaii — 0.4%* | *Hawaii — 0.4%* | *Hawaii — 0.4%* |
| &nbsp;&nbsp;&nbsp; Honolulu, HI, City & County Wastewater System Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Senior Bond Resolution, Series A | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 7/1/41 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 321525<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Senior Bond Resolution, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 168719<br>|
| *Total Hawaii* | *Total Hawaii* | *Total Hawaii* | *Total Hawaii* | &nbsp;&nbsp; *490244* |
| *Illinois — 20.7%* | *Illinois — 20.7%* | *Illinois — 20.7%* | *Illinois — 20.7%* | *Illinois — 20.7%* |
| &nbsp;&nbsp;&nbsp; Chicago, IL, Board of Education, Dedicated Capital Improvement, Special Tax <br> Revenue, Series 2018  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/1/38 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 502375<br>|
| &nbsp;&nbsp;&nbsp; Chicago, IL, Board of Education, GO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dedicated, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 898173<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dedicated, Series G, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/34 | &nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp; 270864<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, Refunding, AG | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/32 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2075514<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1281540<br>|
| &nbsp;&nbsp;&nbsp; Chicago, IL, GO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago Works, Series A | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 1/1/39 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 255321<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 1/1/35 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 257793<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/40 | &nbsp;&nbsp; 610000 | &nbsp;&nbsp;&nbsp; 588376<br>|
| &nbsp;&nbsp;&nbsp; Chicago, IL, O'Hare International Airport Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Lien, Series D | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/1/36 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 510709<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Lien, Series D | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/1/37 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 407785<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/43 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 593928<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Chicago, IL, Transit Authority, Sales Tax Receipts Revenue, Second Lien, Series <br> A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/45 | &nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp; 551181<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

August 31, 2025

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Illinois — continued* | *Illinois — continued* | *Illinois — continued* | *Illinois — continued* | *Illinois — continued* |
| &nbsp;&nbsp;&nbsp; Chicago, IL, Wastewater Transmission Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Lien, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/47 | &nbsp;&nbsp; $300000 | &nbsp;&nbsp;&nbsp; $298164<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Lien, Series A, AG | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 1/1/58 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 506045<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Lien, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/36 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 607226<br>|
| &nbsp;&nbsp;&nbsp; Chicago, IL, Waterworks Revenue, Second Lien, Series 2017-2, Refunding, AG  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/1/32 | &nbsp;&nbsp; 630000 | &nbsp;&nbsp;&nbsp; 650520<br>|
| &nbsp;&nbsp;&nbsp; Illinois State Finance Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southern Illinois Healthcare Enterprises Inc., Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/1/34 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 506354<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surface Freight Transfer Facilites, Centerpoint Joliet Terminal Railroad Project | &nbsp;&nbsp; 4.800% | &nbsp;&nbsp; 7/2/35 | &nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp; 450613<br> <sup>(a)(b)(c)(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Illinois State Sports Facilities Authority Revenue, State Tax Supported, <br> Refunding, AG  | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/30 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 3005906<br>|
| &nbsp;&nbsp;&nbsp; Illinois State Toll Highway Authority Revenue, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/37 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 544907<br>|
| &nbsp;&nbsp;&nbsp; Illinois State University, Auxiliary Facilities System Revenue, Series A, <br> Refunding, AG  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/1/28 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 106037<br>|
| &nbsp;&nbsp;&nbsp; Illinois State, GO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/1/29 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 516354<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/36 | &nbsp;&nbsp; 770000 | &nbsp;&nbsp;&nbsp; 786698<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/39 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 302590<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/29 | &nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp; 1387274<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 5/1/47 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1007241<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/27 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 627548<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/41 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1266130<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/1/27 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 314858<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/34 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 433364<br>|
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, IL, Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McCormick Place Expansion Project, Series A, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/15/42 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 534914<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McCormick Place Expansion Project, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/50 | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp; 1150075<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McCormick Place Expansion Project, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/15/31 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 258586<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McCormick Place Expansion Project, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/42 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 502500<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McCormick Place Expansion Project, Series B, Refunding, AG | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 12/15/56 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 94981<br>|
| &nbsp;&nbsp;&nbsp; Sales Tax Securitization Corp., IL, Revenue, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/28 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 262987<br>|
| *Total Illinois* | *Total Illinois* | *Total Illinois* | *Total Illinois* | &nbsp;&nbsp; *24315431* |
| *Indiana — 2.4%* | *Indiana — 2.4%* | *Indiana — 2.4%* | *Indiana — 2.4%* | *Indiana — 2.4%* |
| &nbsp;&nbsp;&nbsp; Hammond, IN, Multi-School Building Corp.: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Mortgage Bond, State Intercept Program | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/15/34 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 775879<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Mortgage Bond, State Intercept Program | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/15/35 | &nbsp;&nbsp; 1035000 | &nbsp;&nbsp;&nbsp; 1066614<br>|
| &nbsp;&nbsp;&nbsp; Indiana State Finance Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marion General Hospital, Series A | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/45 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 216961<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Midwestern Disaster Relief, Ohio Valley Electric Corp. Project, Series A | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 11/1/30 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 204780<br>|
| &nbsp;&nbsp;&nbsp; Valparaiso, IN, Exempt Facilities Revenue, Pratt Paper LLC Project, Refunding  | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 1/1/34 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 509399<br> <sup>(c)</sup><br>|
| *Total Indiana* | *Total Indiana* | *Total Indiana* | *Total Indiana* | &nbsp;&nbsp; *2773633* |
| *Kentucky — 2.1%* | *Kentucky — 2.1%* | *Kentucky — 2.1%* | *Kentucky — 2.1%* | *Kentucky — 2.1%* |
| &nbsp;&nbsp;&nbsp; Kentucky State PEA, Gas Supply Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/1/26 | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp; 1207136<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 12/1/29 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 213022<br> <sup>(a)(b)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Kentucky — continued* | *Kentucky — continued* | *Kentucky — continued* | *Kentucky — continued* | *Kentucky — continued* |
| &nbsp;&nbsp;&nbsp; Trimble County, KY, Environmental Facilities Revenue, Louisville Gas and Electric <br> Company Project, Series A  | &nbsp;&nbsp; 4.700% | &nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp; $1000000 | &nbsp;&nbsp;&nbsp; $1012815<br> <sup>(a)(b)(c)</sup><br>|
| *Total Kentucky* | *Total Kentucky* | *Total Kentucky* | *Total Kentucky* | &nbsp;&nbsp; *2432973* |
| *Louisiana — 2.9%* | *Louisiana — 2.9%* | *Louisiana — 2.9%* | *Louisiana — 2.9%* | *Louisiana — 2.9%* |
| &nbsp;&nbsp;&nbsp; Lafayette Parish, LA, School Board Sales Tax Revenue, Series 2023  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 4/1/48 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 433499<br>|
| &nbsp;&nbsp;&nbsp; Port New Orleans, LA, Board of Commissioners, Revenue, Series B, Refunding, <br> AG  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/1/38 | &nbsp;&nbsp; 1625000 | &nbsp;&nbsp;&nbsp; 1628651<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; St. John the Baptist Parish, LA, State Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marathon Oil Corp. Project, Series B-2, Refunding | &nbsp;&nbsp; 2.375% | &nbsp;&nbsp; 7/1/26 | &nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp; 895465<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marathon Oil Corp. Project, Series C, Refunding | &nbsp;&nbsp; 3.300% | &nbsp;&nbsp; 7/3/28 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 504561<br> <sup>(a)(b)</sup><br>|
| *Total Louisiana* | *Total Louisiana* | *Total Louisiana* | *Total Louisiana* | &nbsp;&nbsp; *3462176* |
| *Maryland — 0.6%* | *Maryland — 0.6%* | *Maryland — 0.6%* | *Maryland — 0.6%* | *Maryland — 0.6%* |
| &nbsp;&nbsp;&nbsp; Maryland State EDC, Senior Student Housing Revenue, Morgan State University <br> Project  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 454493<br>|
| &nbsp;&nbsp;&nbsp; Maryland State Stadium Authority, Built to Learn Revenue, Series 2021  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/1/46 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 220714<br>|
| *Total Maryland* | *Total Maryland* | *Total Maryland* | *Total Maryland* | &nbsp;&nbsp; *675207* |
| *Massachusetts — 2.9%* | *Massachusetts — 2.9%* | *Massachusetts — 2.9%* | *Massachusetts — 2.9%* | *Massachusetts — 2.9%* |
| &nbsp;&nbsp;&nbsp; Massachusetts State Department of Transportation, Metropolitan Highway <br> System Revenue, Series B-1, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/35 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 369968<br>|
| &nbsp;&nbsp;&nbsp; Massachusetts State DFA Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boston Medical Center, Series G, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 7/1/48 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 479735<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Partners HealthCare System, Mass General Brigham Inc., Series S-1, <br> Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 255826<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UMass Boston Student Housing Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/28 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 202806<br>|
| &nbsp;&nbsp;&nbsp; Massachusetts State Port Authority Revenue, Series E  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/51 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 493081<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Plymouth, MA, GO, Refunding  | &nbsp;&nbsp; 3.500% | &nbsp;&nbsp; 5/1/44 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 1634100<br>|
| *Total Massachusetts* | *Total Massachusetts* | *Total Massachusetts* | *Total Massachusetts* | &nbsp;&nbsp; *3435516* |
| *Michigan — 1.4%* | *Michigan — 1.4%* | *Michigan — 1.4%* | *Michigan — 1.4%* | *Michigan — 1.4%* |
| &nbsp;&nbsp;&nbsp; Great Lakes, MI, Water Authority, Water Supply System Revenue, Senior Lien, <br> Series B  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1044987<br>|
| &nbsp;&nbsp;&nbsp; Michigan State Finance Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Henry Ford Health Detroit South Campus Central Utility Plant Project, <br> Green Bonds, Series 2024 | &nbsp;&nbsp; 4.375% | &nbsp;&nbsp; 2/28/54 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 221119<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tobacco Settlement Asset-Backed, Series A-1, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 6/1/39 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 138300<br>|
| &nbsp;&nbsp;&nbsp; Michigan State Strategic Fund Ltd. Obligation Revenue, I-75 Improvement <br> Project  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/31/43 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 290602<br> <sup>(c)</sup><br>|
| *Total Michigan* | *Total Michigan* | *Total Michigan* | *Total Michigan* | &nbsp;&nbsp; *1695008* |
| *Mississippi — 0.2%* | *Mississippi — 0.2%* | *Mississippi — 0.2%* | *Mississippi — 0.2%* | *Mississippi — 0.2%* |
| &nbsp;&nbsp;&nbsp; Warren County, MS, Mississippi Gulf Opportunity Zone Revenue, International <br> Paper Company Project, Refunding | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 9/1/32 | &nbsp;&nbsp; 180000 | &nbsp;&nbsp;&nbsp; *182913*<br>|
| *Missouri — 1.0%* | *Missouri — 1.0%* | *Missouri — 1.0%* | *Missouri — 1.0%* | *Missouri — 1.0%* |
| &nbsp;&nbsp;&nbsp; Kansas City, MO, IDA, Airport System Revenue, Kansas City International Airport <br> Terminal Modernization Project, Series B  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/1/35 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 769192<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Missouri State Health Senior Living Facilities Revenue, Lutheran Senior Services <br> Projects, Series A  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/1/34 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 152846<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

August 31, 2025

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Missouri — continued* | *Missouri — continued* | *Missouri — continued* | *Missouri — continued* | *Missouri — continued* |
| &nbsp;&nbsp;&nbsp; St. Louis County, MO, IDA, Senior Living Facilities Revenue, Friendship Village, <br> St. Louis Obligated Group, Series A  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/38 | &nbsp;&nbsp; $300000 | &nbsp;&nbsp;&nbsp; $299757<br>|
| *Total Missouri* | *Total Missouri* | *Total Missouri* | *Total Missouri* | &nbsp;&nbsp; *1221795* |
| *Nebraska — 0.8%* | *Nebraska — 0.8%* | *Nebraska — 0.8%* | *Nebraska — 0.8%* | *Nebraska — 0.8%* |
| &nbsp;&nbsp;&nbsp; Central Plains, NE, Energy Project, Gas Project Revenue, Project No 3, Series A, <br> Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/37 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 524376<br>|
| &nbsp;&nbsp;&nbsp; Omaha, NE, Public Power District, Electric System Revenue, Series B, Refunding  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 2/1/46 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 438416<br>|
| *Total Nebraska* | *Total Nebraska* | *Total Nebraska* | *Total Nebraska* | &nbsp;&nbsp; *962792* |
| *New Hampshire — 1.6%* | *New Hampshire — 1.6%* | *New Hampshire — 1.6%* | *New Hampshire — 1.6%* | *New Hampshire — 1.6%* |
| &nbsp;&nbsp;&nbsp; National Finance Authority, NH, Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Winston-Salem Sustainable Energy Partners LLC, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp; 950000 | &nbsp;&nbsp;&nbsp; 1018611<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Winston-Salem Sustainable Energy Partners LLC, Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/55 | &nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp; 844725<br>|
| *Total New Hampshire* | *Total New Hampshire* | *Total New Hampshire* | *Total New Hampshire* | &nbsp;&nbsp; *1863336* |
| *New Jersey — 5.9%* | *New Jersey — 5.9%* | *New Jersey — 5.9%* | *New Jersey — 5.9%* | *New Jersey — 5.9%* |
| &nbsp;&nbsp;&nbsp; New Jersey State EDA Revenue, Special Facility, Port Newark Container <br> Terminal LLC Project, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/37 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1007688<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; New Jersey State Transportation Trust Fund Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Program, Series AA | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/36 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1056892<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Program, Series CC | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/40 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2074184<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Program, Series CC | &nbsp;&nbsp; 4.125% | &nbsp;&nbsp; 6/15/50 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 346298<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation Program, Series CC | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/15/50 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 509789<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation System, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/15/28 | &nbsp;&nbsp; 575000 | &nbsp;&nbsp;&nbsp; 621130<br>|
| &nbsp;&nbsp;&nbsp; New Jersey State Turnpike Authority Revenue, Series C, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/44 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 775090<br>|
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., NJ, Revenue, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/35 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 511679<br>|
| *Total New Jersey* | *Total New Jersey* | *Total New Jersey* | *Total New Jersey* | &nbsp;&nbsp; *6902750* |
| *New Mexico — 0.4%* | *New Mexico — 0.4%* | *New Mexico — 0.4%* | *New Mexico — 0.4%* | *New Mexico — 0.4%* |
| &nbsp;&nbsp;&nbsp; New Mexico State Municipal Energy Acquisition Authority, Gas Supply Revenue, <br> Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/1/30 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; *426764*<br> <sup>(a)(b)</sup><br>|
| *New York — 21.6%* | *New York — 21.6%* | *New York — 21.6%* | *New York — 21.6%* | *New York — 21.6%* |
| &nbsp;&nbsp;&nbsp; Build NYC Resource Corp., NY, Revenue, East Harlem Scholars Academy Charter <br> School Project  | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 6/1/52 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 331482<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Hudson Yards Infrastructure Corp., NY, Second Indenture Revenue, Series A, <br> Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/35 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1023626<br>|
| &nbsp;&nbsp;&nbsp; Long Island, NY, Power Authority Electric System Revenue, Series B  | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 9/1/29 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 249625<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; MTA, NY, Transportation Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bonds, Series E, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/28 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1077615<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A-2 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/15/30 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 420656<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York City, NY, GO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/43 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 256929<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries B-1 | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 10/1/43 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1037764<br>|
| &nbsp;&nbsp;&nbsp; New York City, NY, TFA, Future Tax Secured Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries A-1 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/44 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2041802<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries C-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 5/1/39 | &nbsp;&nbsp; 2200000 | &nbsp;&nbsp;&nbsp; 2087007<br>|
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Sales Tax Revenue, Bidding Group 3, Series <br> E, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/15/38 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1552300<br>|
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, State Personal Income Tax Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/15/40 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 766490<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* | *New York — continued* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series D, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/41 | &nbsp;&nbsp; $750000 | &nbsp;&nbsp;&nbsp; $765985<br>|
| &nbsp;&nbsp;&nbsp; New York State Thruway Authority General Revenue, Junior Indebtedness <br> Obligations, Junior Lien, Series A  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/41 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1251925<br>|
| &nbsp;&nbsp;&nbsp; New York State Transportation Development Corp., Special Facilities Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines Inc., LaGuardia Airport Terminals C and D Redevelopment <br> Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/30 | &nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp; 872010<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines Inc., LaGuardia Airport Terminals C and D Redevelopment <br> Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/32 | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp; 1222635<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines Inc., LaGuardia Airport Terminals C and D Redevelopment <br> Project | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 4/1/35 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 271231<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delta Air Lines Inc., LaGuardia Airport Terminals C and D Redevelopment <br> Project | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 4/1/40 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 257655<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport New Terminal One Project, Green Bonds | &nbsp;&nbsp; 6.000% | &nbsp;&nbsp; 6/30/54 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2032235<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport New Terminal One Project, Green Bonds | &nbsp;&nbsp; 5.375% | &nbsp;&nbsp; 6/30/60 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 474756<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport Terminal Four Project, Series C, <br> Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/27 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 525414<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport Terminal Six Redevelopment Project, <br> Green Bonds, Series A, Refunding | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 12/31/54 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 145956<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport Terminal Six Redevelopment Project, <br> Green Bonds, Series A, Refunding, AG | &nbsp;&nbsp; 4.500% | &nbsp;&nbsp; 12/31/54 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 298875<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; John F. Kennedy International Airport Terminal Six Redevelopment Project, <br> Green Bonds, Series B, Refunding, AG, Step bond (0.000% to 12/31/34 then <br> 5.000%) | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 12/31/54 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 88904<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LaGuardia Airport Terminal B Redevelopment Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/30 | &nbsp;&nbsp; 1225000 | &nbsp;&nbsp;&nbsp; 1226211<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York State Urban Development Corp., Revenue, State Personal Income Tax, <br> Series C, Refunding  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 3/15/45 | &nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp; 486941<br>|
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey Revenue, Consolidated Series 193, <br> Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/15/30 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1503288<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Triborough Bridge & Tunnel Authority, NY, Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MTA Bridges & Tunnels, Senior Lien, Series A-1, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/15/51 | &nbsp;&nbsp; 1040000 | &nbsp;&nbsp;&nbsp; 1044545<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MTA Bridges & Tunnels, Senior Lien, Series C, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/15/47 | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp; 2019935<br>|
| *Total New York* | *Total New York* | *Total New York* | *Total New York* | &nbsp;&nbsp; *25333797* |
| *North Dakota — 0.4%* | *North Dakota — 0.4%* | *North Dakota — 0.4%* | *North Dakota — 0.4%* | *North Dakota — 0.4%* |
| &nbsp;&nbsp;&nbsp; Grand Forks, ND, Health Care System Revenue, Altru Health System, Refunding, <br> AG | &nbsp;&nbsp; 3.000% | &nbsp;&nbsp; 12/1/46 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp; *500740*<br>|
| *Ohio — 2.2%* | *Ohio — 2.2%* | *Ohio — 2.2%* | *Ohio — 2.2%* | *Ohio — 2.2%* |
| &nbsp;&nbsp;&nbsp; American Municipal Power Inc., OH, Revenue, AMP Fremont Energy Center <br> Project, Series A, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/29 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 530186<br>|
| &nbsp;&nbsp;&nbsp; Buckeye, OH, Tobacco Settlement Financing Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Bonds, Series A-2, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/33 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 524259<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Bonds, Series B-2, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/55 | &nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp; 445010<br>|
| &nbsp;&nbsp;&nbsp; Ohio State Air Quality Development Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Electric Co. Project, Series B | &nbsp;&nbsp; 2.500% | &nbsp;&nbsp; 10/1/29 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 334161<br> <sup>(a)(b)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AMG Vanadium Project, Series 2019 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/49 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 435511<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy Corp. Project, Series B, Refunding | &nbsp;&nbsp; 4.250% | &nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 254703<br> <sup>(a)(b)(c)</sup><br>|
| *Total Ohio* | *Total Ohio* | *Total Ohio* | *Total Ohio* | &nbsp;&nbsp; *2523830* |

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

August 31, 2025

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Oklahoma — 0.3%* | *Oklahoma — 0.3%* | *Oklahoma — 0.3%* | *Oklahoma — 0.3%* | *Oklahoma — 0.3%* |
| &nbsp;&nbsp;&nbsp; Tulsa, OK, Municipal Airport Trust Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Airlines Inc. Project, Refunding | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 12/1/35 | &nbsp;&nbsp; $300000 | &nbsp;&nbsp;&nbsp; $331531<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Airlines Inc. Project, Refunding | &nbsp;&nbsp; 6.250% | &nbsp;&nbsp; 12/1/40 | &nbsp;&nbsp; 35000 | &nbsp;&nbsp;&nbsp; 37945<br> <sup>(c)</sup><br>|
| *Total Oklahoma* | *Total Oklahoma* | *Total Oklahoma* | *Total Oklahoma* | &nbsp;&nbsp; *369476* |
| *Pennsylvania — 4.4%* | *Pennsylvania — 4.4%* | *Pennsylvania — 4.4%* | *Pennsylvania — 4.4%* | *Pennsylvania — 4.4%* |
| &nbsp;&nbsp;&nbsp; Bucks County, PA, Water and Sewer Authority, Sewer System Revenue, Series A, <br> AG  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/42 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 234037<br>|
| &nbsp;&nbsp;&nbsp; Commonwealth Financing Authority, PA, Tobacco Master Settlement Payment <br> Revenue  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/30 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 211664<br>|
| &nbsp;&nbsp;&nbsp; Cumberland County, PA, Municipal Authority Revenue, Diakon Lutheran Social <br> Ministries Project, Unrefunded  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/27 | &nbsp;&nbsp; 195000 | &nbsp;&nbsp;&nbsp; 195102<br>|
| &nbsp;&nbsp;&nbsp; Pennsylvania State Economic Development Financing Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exempt Facilities Bonds, PPL Energy Supply LLC Project, Series B, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/1/27 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 603225<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Presbyterian Senior Living Project, Series B-2, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 246681<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax-Exempt Private Activity, The Penndot Major Bridges Package One Project | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 6/30/41 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1535828<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax-Exempt Private Activity, The Penndot Major Bridges Package One Project | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 6/30/53 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 192389<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Pennsylvania State Turnpike Commission Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/45 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 505792<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B, Refunding | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 12/1/47 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 256262<br>|
| &nbsp;&nbsp;&nbsp; Philadelphia, PA, Authority for IDR, City Service Agreement Revenue, Rebuild <br> Project  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/35 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 520256<br>|
| &nbsp;&nbsp;&nbsp; State Public School Building Authority, PA, Lease Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philadelphia SD Project, Series A, Refunding, AG, State Aid Withholding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/31 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 153501<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philadelphia SD Project, Series A, Refunding, AG, State Aid Withholding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/33 | &nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp; 459059<br>|
| *Total Pennsylvania* | *Total Pennsylvania* | *Total Pennsylvania* | *Total Pennsylvania* | &nbsp;&nbsp; *5113796* |
| *Puerto Rico — 6.8%* | *Puerto Rico — 6.8%* | *Puerto Rico — 6.8%* | *Puerto Rico — 6.8%* | *Puerto Rico — 6.8%* |
| &nbsp;&nbsp;&nbsp; Puerto Rico Commonwealth Aqueduct & Sewer Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Lien, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1545874<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Lien, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/47 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 374193<br> <sup>(d)</sup><br>|
| &nbsp;&nbsp;&nbsp; Puerto Rico Commonwealth, GO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CAB, Restructured, Series A-1 | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp; 14271 | &nbsp;&nbsp;&nbsp; 9994<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 7/1/27 | &nbsp;&nbsp; 12238 | &nbsp;&nbsp;&nbsp; 12657<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 5.625% | &nbsp;&nbsp; 7/1/29 | &nbsp;&nbsp; 12040 | &nbsp;&nbsp;&nbsp; 12832<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 5.750% | &nbsp;&nbsp; 7/1/31 | &nbsp;&nbsp; 11694 | &nbsp;&nbsp;&nbsp; 12833<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/33 | &nbsp;&nbsp; 11089 | &nbsp;&nbsp;&nbsp; 10850<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/35 | &nbsp;&nbsp; 229968 | &nbsp;&nbsp;&nbsp; 220510<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp; 740000 | &nbsp;&nbsp;&nbsp; 687352<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/41 | &nbsp;&nbsp; 111631 | &nbsp;&nbsp;&nbsp; 97196<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/1/46 | &nbsp;&nbsp; 12097 | &nbsp;&nbsp;&nbsp; 9998<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subseries CW | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 11/1/43 | &nbsp;&nbsp; 45761 | &nbsp;&nbsp;&nbsp; 28772<br> <sup>(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Puerto Rico Electric Power Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp; 144,650<br> \*<sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A | &nbsp;&nbsp; 5.050% | &nbsp;&nbsp; 7/1/42 | &nbsp;&nbsp; 75000 | &nbsp;&nbsp;&nbsp; 49,313<br> \*<sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series DDD, Refunding | &nbsp;&nbsp; — | &nbsp;&nbsp; 7/1/21 | &nbsp;&nbsp; 280000 | &nbsp;&nbsp;&nbsp; 183,400<br> \*<sup>(f)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series TT | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/37 | &nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp; 295,875<br> \*<sup>(e)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series XX | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 263,000<br> \*<sup>(e)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Puerto Rico — continued* | *Puerto Rico — continued* | *Puerto Rico — continued* | *Puerto Rico — continued* | *Puerto Rico — continued* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series ZZ, Refunding | &nbsp;&nbsp; — | &nbsp;&nbsp; 7/1/18 | &nbsp;&nbsp; $250000 | &nbsp;&nbsp;&nbsp; $163,750<br> \*<sup>(f)</sup><br>|
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CAB, Restructured, Series A-1 | &nbsp;&nbsp; 0.000% | &nbsp;&nbsp; 7/1/27 | &nbsp;&nbsp; 157000 | &nbsp;&nbsp;&nbsp; 147868<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-1 | &nbsp;&nbsp; 4.550% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 50000 | &nbsp;&nbsp;&nbsp; 47719<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-2 | &nbsp;&nbsp; 4.329% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 1490000 | &nbsp;&nbsp;&nbsp; 1381889<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructured, Series A-2A | &nbsp;&nbsp; 4.550% | &nbsp;&nbsp; 7/1/40 | &nbsp;&nbsp; 2380000 | &nbsp;&nbsp;&nbsp; 2271409<br>|
| *Total Puerto Rico* | *Total Puerto Rico* | *Total Puerto Rico* | *Total Puerto Rico* | &nbsp;&nbsp; *7971934* |
| *South Carolina — 0.9%* | *South Carolina — 0.9%* | *South Carolina — 0.9%* | *South Carolina — 0.9%* | *South Carolina — 0.9%* |
| &nbsp;&nbsp;&nbsp; Patriots Energy Group Financing Agency, SC, Gas Supply Revenue, Subseries B-2, <br> Refunding (SOFR x 0.670 + 1.900%) | &nbsp;&nbsp; 4.835% | &nbsp;&nbsp; 3/1/31 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 258116<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; South Carolina State Jobs-EDA Hospital Facilities Revenue, Bon Secours Mercy <br> Health Inc., Series A, Refunding  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 12/1/44 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 439122<br>|
| &nbsp;&nbsp;&nbsp; South Carolina State Ports Authority Revenue, Series 2018  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 408017<br> <sup>(c)</sup><br>|
| *Total South Carolina* | *Total South Carolina* | *Total South Carolina* | *Total South Carolina* | &nbsp;&nbsp; *1105255* |
| *Tennessee — 3.6%* | *Tennessee — 3.6%* | *Tennessee — 3.6%* | *Tennessee — 3.6%* | *Tennessee — 3.6%* |
| &nbsp;&nbsp;&nbsp; Clarksville, TN, Water, Sewer & Gas Revenue, Series A  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 2/1/51 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 640189<br>|
| &nbsp;&nbsp;&nbsp; Tennessee State Energy Acquisition Corp., Natural Gas Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 11/1/25 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 501226<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A-1, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 5/1/28 | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp; 3114370<br> <sup>(a)(b)</sup><br>|
| *Total Tennessee* | *Total Tennessee* | *Total Tennessee* | *Total Tennessee* | &nbsp;&nbsp; *4255785* |
| *Texas — 7.5%* | *Texas — 7.5%* | *Texas — 7.5%* | *Texas — 7.5%* | *Texas — 7.5%* |
| &nbsp;&nbsp;&nbsp; Arlington, TX, Special Tax Revenue, Subordinated Lien, Series C, BAM  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 2/15/41 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 245084<br>|
| &nbsp;&nbsp;&nbsp; Austin, TX, Airport System Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/27 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp; 1000865<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/15/39 | &nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp; 357849<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Central Texas Regional Mobility Authority Revenue, Senior Lien, Series E  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/45 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 501519<br>|
| &nbsp;&nbsp;&nbsp; Central Texas Turnpike System Revenue, Second Tier, Series C, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/15/40 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 314819<br>|
| &nbsp;&nbsp;&nbsp; Elgin, TX, ISD, GO, Unlimited Tax School Building Bonds, PSF - GTD  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 8/1/49 | &nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp; 521496<br>|
| &nbsp;&nbsp;&nbsp; Galveston, TX, Wharves & Terminal Revenue, First Lien, Series A  | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 8/1/35 | &nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp; 799933<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Harris County, TX, Cultural Education Facilities Finance Corp., Hospital Revenue, <br> Texas Children's Hospital, Series B, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/1/31 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 331653<br> <sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Harris County, TX, GO, Certificates of Obligation  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 9/15/49 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1092965<br>|
| &nbsp;&nbsp;&nbsp; Hays, TX, ISD, GO, Unlimited Tax School Building Bonds, PSF - GTD  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 2/15/47 | &nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp; 270849<br>|
| &nbsp;&nbsp;&nbsp; Houston, TX, Airport System Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Special Facilities, United Airlines Inc., Airport Improvements Project | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/15/28 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 510513<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Special Facilities, United Airlines Inc., Terminal Improvement Project, Series B | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 7/15/38 | &nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp; 219331<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Special Facilities, United Airlines Inc., Terminal Improvement Project, Series <br> B-1 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 7/15/41 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 429354<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated, Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/36 | &nbsp;&nbsp; 1055000 | &nbsp;&nbsp;&nbsp; 1076144<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Longview, TX, ISD, GO, Unlimited Tax School Building Bonds, PSF - GTD  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 2/15/49 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp; 348276<br>|
| &nbsp;&nbsp;&nbsp; Love Field, TX, Airport Modernization Corp., General Airport Revenue, <br> Series 2017  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 11/1/31 | &nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp; 91362<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mission, TX, EDC, Solid Waste Disposal Revenue, Graphic Packaging <br> International, LLC Project, Green Bonds  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/1/30 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 152523<br> <sup>(a)(b)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Newark, TX, Higher Education Finance Corp., Education Revenue, TLC Academy, <br> Series A  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 8/15/31 | &nbsp;&nbsp; 175000 | &nbsp;&nbsp;&nbsp; 172063<br>|

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

August 31, 2025

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Texas — continued* | *Texas — continued* | *Texas — continued* | *Texas — continued* | *Texas — continued* |
| &nbsp;&nbsp;&nbsp; Texas State Private Activity Bond Surface Transportation Corp. Revenue, Senior <br> Lien, NTE Mobility Partners Segments 3 LLC, Refunding  | &nbsp;&nbsp; 5.500% | &nbsp;&nbsp; 6/30/41 | &nbsp;&nbsp; $300000 | &nbsp;&nbsp;&nbsp; $308030<br> <sup>(c)</sup><br>|
| *Total Texas* | *Total Texas* | *Total Texas* | *Total Texas* | &nbsp;&nbsp; *8744628* |
| *Utah — 0.7%* | *Utah — 0.7%* | *Utah — 0.7%* | *Utah — 0.7%* | *Utah — 0.7%* |
| &nbsp;&nbsp;&nbsp; Utah State Charter School Finance Authority, Charter School Revenue, Syracuse <br> Arts Academy Project, UT CSCE  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/15/37 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 251068<br>|
| &nbsp;&nbsp;&nbsp; Utah State Infrastructure Agency, Telecommunications Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019 | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 10/15/25 | &nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp; 470915<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021 | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 10/15/36 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 94623<br>|
| *Total Utah* | *Total Utah* | *Total Utah* | *Total Utah* | &nbsp;&nbsp; *816606* |
| *Virginia — 3.2%* | *Virginia — 3.2%* | *Virginia — 3.2%* | *Virginia — 3.2%* | *Virginia — 3.2%* |
| &nbsp;&nbsp;&nbsp; Arlington County, VA, IDA, Hospital Revenue, Virginia Hospital Center, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 7/1/35 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 212649<br>|
| &nbsp;&nbsp;&nbsp; Isle of Wight County, VA, EDA Revenue, Riverside Health System, Series 2023, <br> AG  | &nbsp;&nbsp; 5.250% | &nbsp;&nbsp; 7/1/48 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 253817<br>|
| &nbsp;&nbsp;&nbsp; Virginia Beach, VA, Development Authority, Residential Care Facility Revenue, <br> Westminster-Canterbury on Chesapeake Bay, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 9/1/40 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1220479<br>|
| &nbsp;&nbsp;&nbsp; Virginia State Small Business Financing Authority Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Lien, 95 Express Lanes LLC Project, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/38 | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp; 1272306<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Lien, I-495 HOT Lanes Project, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/31/47 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 479331<br> <sup>(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Obligated Group of National Senior Campuses Inc., Series A, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/31 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp; 263892<br>|
| *Total Virginia* | *Total Virginia* | *Total Virginia* | *Total Virginia* | &nbsp;&nbsp; *3702474* |
| *Washington — 0.9%* | *Washington — 0.9%* | *Washington — 0.9%* | *Washington — 0.9%* | *Washington — 0.9%* |
| &nbsp;&nbsp;&nbsp; Port of Seattle, WA, Intermediate Lien Revenue, Series B, Refunding | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 8/1/37 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; *1041558*<br> <sup>(c)</sup><br>|
| *West Virginia — 0.3%* | *West Virginia — 0.3%* | *West Virginia — 0.3%* | *West Virginia — 0.3%* | *West Virginia — 0.3%* |
| &nbsp;&nbsp;&nbsp; West Virginia State EDA Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Solid Waste Disposal Facility, Commercial Metals Co. Project | &nbsp;&nbsp; 4.625% | &nbsp;&nbsp; 5/15/32 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 147606<br> <sup>(a)(b)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Solid Waste Disposal Facility, Core Natural Resources Inc. Project, Refunding | &nbsp;&nbsp; 5.450% | &nbsp;&nbsp; 3/27/35 | &nbsp;&nbsp; 170000 | &nbsp;&nbsp;&nbsp; 173122<br> <sup>(a)(b)(c)</sup><br>|
| *Total West Virginia* | *Total West Virginia* | *Total West Virginia* | *Total West Virginia* | &nbsp;&nbsp; *320728* |
| *Wisconsin — 1.0%* | *Wisconsin — 1.0%* | *Wisconsin — 1.0%* | *Wisconsin — 1.0%* | *Wisconsin — 1.0%* |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, WI, Revenue, The Carmelite System Inc. Obligated <br> Group, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 1/1/45 | &nbsp;&nbsp; 150000 | &nbsp;&nbsp;&nbsp; 141623<br>|
| &nbsp;&nbsp;&nbsp; Village of Mount Pleasant, WI, Tax Increment Revenue, Series A, Moral <br> Obligations  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 4/1/43 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 507497<br>|
| &nbsp;&nbsp;&nbsp; Wisconsin State HEFA Revenue, Bellin Memorial Hospital, Inc., Series A  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 12/1/43 | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp; 507653<br>|
| *Total Wisconsin* | *Total Wisconsin* | *Total Wisconsin* | *Total Wisconsin* | &nbsp;&nbsp; *1156773* |
| **Total Municipal Bonds (Cost — $156,418,917)** | **Total Municipal Bonds (Cost — $156,418,917)** | **Total Municipal Bonds (Cost — $156,418,917)** | **Total Municipal Bonds (Cost — $156,418,917)** | &nbsp;&nbsp; **153838132** |
| **Municipal Bonds Deposited in Tender Option Bond Trusts**<sup>(g)</sup> **— 4.5%** | **Municipal Bonds Deposited in Tender Option Bond Trusts**<sup>(g)</sup> **— 4.5%** | **Municipal Bonds Deposited in Tender Option Bond Trusts**<sup>(g)</sup> **— 4.5%** | **Municipal Bonds Deposited in Tender Option Bond Trusts**<sup>(g)</sup> **— 4.5%** | **Municipal Bonds Deposited in Tender Option Bond Trusts**<sup>(g)</sup> **— 4.5%** |
| *New York — 4.5%* | *New York — 4.5%* | *New York — 4.5%* | *New York — 4.5%* | *New York — 4.5%* |
| &nbsp;&nbsp;&nbsp; New York City, NY, Municipal Water Finance Authority, Water & Sewer System <br> Revenue, Second General Resolution Fiscal 2023, Subseries AA-3, Refunding  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 6/15/47 | &nbsp;&nbsp; 1625000 | &nbsp;&nbsp;&nbsp; 1645864<br>|
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, State Personal Income Tax Revenue, Series <br> A, Refunding  | &nbsp;&nbsp; 4.000% | &nbsp;&nbsp; 3/15/45 | &nbsp;&nbsp; 1925000 | &nbsp;&nbsp;&nbsp; 1702005<br>|
| &nbsp;&nbsp;&nbsp; New York State Urban Development Corp., State Sales Tax Revenue, Series A  | &nbsp;&nbsp; 5.000% | &nbsp;&nbsp; 3/15/49 | &nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp; 1929525<br>|
| **Total Municipal Bonds Deposited in Tender Option Bond Trusts (Cost — $5,524,135)** | **Total Municipal Bonds Deposited in Tender Option Bond Trusts (Cost — $5,524,135)** | **Total Municipal Bonds Deposited in Tender Option Bond Trusts (Cost — $5,524,135)** | **Total Municipal Bonds Deposited in Tender Option Bond Trusts (Cost — $5,524,135)** | &nbsp;&nbsp; **5277394** |
| **Total Investments before Short-Term Investments (Cost — $161,943,052)** | **Total Investments before Short-Term Investments (Cost — $161,943,052)** | **Total Investments before Short-Term Investments (Cost — $161,943,052)** | **Total Investments before Short-Term Investments (Cost — $161,943,052)** | &nbsp;&nbsp; **159115526** |

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| **Short-Term Investments — 5.8%** | **Short-Term Investments — 5.8%** | **Short-Term Investments — 5.8%** | **Short-Term Investments — 5.8%** | **Short-Term Investments — 5.8%** |
| **Municipal Bonds — 5.8%** | **Municipal Bonds — 5.8%** | **Municipal Bonds — 5.8%** | **Municipal Bonds — 5.8%** | **Municipal Bonds — 5.8%** |
| *Colorado — 0.5%* | *Colorado — 0.5%* | *Colorado — 0.5%* | *Colorado — 0.5%* | *Colorado — 0.5%* |
| &nbsp;&nbsp;&nbsp; Colorado State Educational & Cultural Facilities Authority Revenue, National <br> Jewish Federation Bond Program, Series F-2, LOC - TD Bank N.A.  | &nbsp;&nbsp; 3.900% | &nbsp;&nbsp; 7/1/41 | &nbsp;&nbsp; $200000 | &nbsp;&nbsp;&nbsp; $200000<br> <sup>(h)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; Colorado State Health Facilities Authority Revenue, Children's Hospital, <br> Refunding, LOC - TD Bank N.A.  | &nbsp;&nbsp; 3.950% | &nbsp;&nbsp; 12/1/52 | &nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp; 375000<br> <sup>(h)(i)</sup><br>|
| *Total Colorado* | *Total Colorado* | *Total Colorado* | *Total Colorado* | &nbsp;&nbsp; *575000* |
| *Connecticut — 0.2%* | *Connecticut — 0.2%* | *Connecticut — 0.2%* | *Connecticut — 0.2%* | *Connecticut — 0.2%* |
| &nbsp;&nbsp;&nbsp; Connecticut State Housing Finance Authority Revenue, Housing Mortgage <br> Finance, Series C, Refunding, SPA - TD Bank N.A. | &nbsp;&nbsp; 2.730% | &nbsp;&nbsp; 11/15/48 | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;&nbsp;&nbsp; *250000*<br> <sup>(h)(i)</sup><br>|
| *Florida — 1.4%* | *Florida — 1.4%* | *Florida — 1.4%* | *Florida — 1.4%* | *Florida — 1.4%* |
| &nbsp;&nbsp;&nbsp; Highlands County, FL, Health Facilities Authority Hospital Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adventist Health System/Sunbelt Obligated Group, Series I-2, Refunding | &nbsp;&nbsp; 2.670% | &nbsp;&nbsp; 11/15/32 | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp; 1500000<br> <sup>(h)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adventist Health System/Sunbelt Obligated Group, Series I-3, Refunding | &nbsp;&nbsp; 2.650% | &nbsp;&nbsp; 11/15/33 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100000<br> <sup>(h)(i)</sup><br>|
| *Total Florida* | *Total Florida* | *Total Florida* | *Total Florida* | &nbsp;&nbsp; *1600000* |
| *Illinois — 0.1%* | *Illinois — 0.1%* | *Illinois — 0.1%* | *Illinois — 0.1%* | *Illinois — 0.1%* |
| &nbsp;&nbsp;&nbsp; Illinois State Finance Authority Revenue, University of Chicago Medical Center, <br> Series D-1, LOC - TD Bank N.A. | &nbsp;&nbsp; 3.750% | &nbsp;&nbsp; 8/1/43 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; *100000*<br> <sup>(h)(i)</sup><br>|
| *Maryland — 0.8%* | *Maryland — 0.8%* | *Maryland — 0.8%* | *Maryland — 0.8%* | *Maryland — 0.8%* |
| &nbsp;&nbsp;&nbsp; Maryland State Health & Higher EFA Revenue, The Johns Hopkins Health <br> System, Refunding, LOC - TD Bank N.A. | &nbsp;&nbsp; 3.850% | &nbsp;&nbsp; 6/1/46 | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; *1000000*<br> <sup>(h)(i)</sup><br>|
| *Massachusetts — 0.1%* | *Massachusetts — 0.1%* | *Massachusetts — 0.1%* | *Massachusetts — 0.1%* | *Massachusetts — 0.1%* |
| &nbsp;&nbsp;&nbsp; Massachusetts State DFA Revenue, Boston University, Series U-6C, Refunding, <br> LOC - TD Bank N.A. | &nbsp;&nbsp; 3.400% | &nbsp;&nbsp; 10/1/42 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; *100000*<br> <sup>(h)(i)</sup><br>|
| *New York — 0.3%* | *New York — 0.3%* | *New York — 0.3%* | *New York — 0.3%* | *New York — 0.3%* |
| &nbsp;&nbsp;&nbsp; New York City, NY, GO, Subseries A-4, SPA - TD Bank N.A.  | &nbsp;&nbsp; 3.900% | &nbsp;&nbsp; 9/1/49 | &nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp; 200000<br> <sup>(h)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York City, NY, Municipal Water Finance Authority, Water & Sewer System <br> Revenue, Second General Resolution Fiscal 2014, Series AA-3, Refunding, SPA - <br> TD Bank N.A.  | &nbsp;&nbsp; 3.900% | &nbsp;&nbsp; 6/15/49 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100000<br> <sup>(h)(i)</sup><br>|
| &nbsp;&nbsp;&nbsp; New York State HFA Revenue, 10 Liberty Street Realty LLC, Series A, LIQ - <br> FHLMC, LOC - FHLMC  | &nbsp;&nbsp; 3.060% | &nbsp;&nbsp; 5/1/35 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100000<br> <sup>(h)(i)</sup><br>|
| *Total New York* | *Total New York* | *Total New York* | *Total New York* | &nbsp;&nbsp; *400000* |
| *Oregon — 0.6%* | *Oregon — 0.6%* | *Oregon — 0.6%* | *Oregon — 0.6%* | *Oregon — 0.6%* |
| &nbsp;&nbsp;&nbsp; Oregon State Facilities Authority Revenue, Peacehealth, Series B, Refunding, <br> LOC - TD Bank N.A. | &nbsp;&nbsp; 3.800% | &nbsp;&nbsp; 8/1/34 | &nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp; *700000*<br> <sup>(h)(i)</sup><br>|
| *Texas — 1.6%* | *Texas — 1.6%* | *Texas — 1.6%* | *Texas — 1.6%* | *Texas — 1.6%* |
| &nbsp;&nbsp;&nbsp; Tarrant County, TX, Cultural Education Facilities Finance Corp., Hospital Revenue, <br> Baylor Health Care System Project, Series C, Refunding, LOC - TD Bank N.A. | &nbsp;&nbsp; 3.400% | &nbsp;&nbsp; 11/15/50 | &nbsp;&nbsp; 1900000 | &nbsp;&nbsp;&nbsp;&nbsp; *1900000*<br> <sup>(h)(i)</sup><br>|
| *Wisconsin — 0.2%* | *Wisconsin — 0.2%* | *Wisconsin — 0.2%* | *Wisconsin — 0.2%* | *Wisconsin — 0.2%* |
| &nbsp;&nbsp;&nbsp; University of Wisconsin, Hospitals & Clinics Authority Revenue, Series C, <br> Refunding, SPA - BMO Harris Bank N.A.  | &nbsp;&nbsp; 3.800% | &nbsp;&nbsp; 4/1/48 | &nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp; 100000<br> <sup>(h)(i)</sup><br>|

---

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

August 31, 2025

 **Western Asset Intermediate Muni Fund Inc.**

(Percentages shown based on Fund net assets)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Security | Rate | Maturity<br> Date<br>| Face<br> Amount<br>| Value |
| *Wisconsin — continued* | *Wisconsin — continued* | *Wisconsin — continued* | *Wisconsin — continued* | *Wisconsin — continued* |
| &nbsp;&nbsp;&nbsp; Wisconsin State Housing and EDA Revenue, Series E, Refunding, SPA - FHLB  | &nbsp;&nbsp; 2.850% | &nbsp;&nbsp; 9/1/35 | &nbsp;&nbsp; $100000 | &nbsp;&nbsp;&nbsp; $100000<br> <sup>(c)(h)(i)</sup><br>|
| *Total Wisconsin* | *Total Wisconsin* | *Total Wisconsin* | *Total Wisconsin* | &nbsp;&nbsp; *200000* |
| **Total Short-Term Investments (Cost — $6,825,000)** | **Total Short-Term Investments (Cost — $6,825,000)** | **Total Short-Term Investments (Cost — $6,825,000)** | **Total Short-Term Investments (Cost — $6,825,000)** | &nbsp;&nbsp; **6825000** |
| **Total Investments — 141.5% (Cost — $168,768,052)** | **Total Investments — 141.5% (Cost — $168,768,052)** | **Total Investments — 141.5% (Cost — $168,768,052)** | **Total Investments — 141.5% (Cost — $168,768,052)** | &nbsp;&nbsp; **165940526** |
| &nbsp;&nbsp;&nbsp; Variable Rate Demand Preferred Stock, at Liquidation Value — (40.4)% | &nbsp;&nbsp;&nbsp; Variable Rate Demand Preferred Stock, at Liquidation Value — (40.4)% | &nbsp;&nbsp;&nbsp; Variable Rate Demand Preferred Stock, at Liquidation Value — (40.4)% | &nbsp;&nbsp;&nbsp; Variable Rate Demand Preferred Stock, at Liquidation Value — (40.4)% | &nbsp;&nbsp;&nbsp; (47400000)<br>|
| &nbsp;&nbsp;&nbsp; TOB Floating Rate Notes — (2.6)% | &nbsp;&nbsp;&nbsp; TOB Floating Rate Notes — (2.6)% | &nbsp;&nbsp;&nbsp; TOB Floating Rate Notes — (2.6)% | &nbsp;&nbsp;&nbsp; TOB Floating Rate Notes — (2.6)% | &nbsp;&nbsp;&nbsp; (3000000)<br>|
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Other Liabilities — 1.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Other Liabilities — 1.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Other Liabilities — 1.5% | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Other Liabilities — 1.5% | &nbsp;&nbsp;&nbsp; 1766127 |
| **Total Net Assets Applicable to Common Shareholders — 100.0%** | **Total Net Assets Applicable to Common Shareholders — 100.0%** | **Total Net Assets Applicable to Common Shareholders — 100.0%** | **Total Net Assets Applicable to Common Shareholders — 100.0%** | &nbsp;&nbsp; **$117306653** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

<sup>(a)</sup> Maturity date shown represents the mandatory tender date.

<sup>(b)</sup> Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. 

<sup>(c)</sup> Income from this issue is considered a preference item for purposes of calculating the alternative minimum tax ("AMT").

<sup>(d)</sup> Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors. 

<sup>(e)</sup> The coupon payment on this security is currently in default as of August 31, 2025.

<sup>(f)</sup> The maturity principal is currently in default as of August 31, 2025.

<sup>(g)</sup> Represents securities deposited into a special purpose entity, referred to as a Tender Option Bond ("TOB") trust..

<sup>(h)</sup> Variable rate demand obligations ("VRDOs") have a demand feature under which the Fund can tender them back to the issuer or liquidity provider on no more than 7 days notice. The interest rate generally resets on a daily or weekly basis and is determined on the specific interest rate reset date by the remarketing agent, pursuant to a formula specified in official documents for the VRDO, or set at the highest rate allowable as specified in official documents for the VRDO. VRDOs are benchmarked to the Securities Industry and Financial Markets Association ("SIFMA") Municipal Swap Index. The SIFMA Municipal Swap Index is compiled from weekly interest rate resets of tax-exempt VRDOs reported to the Municipal Securities Rulemaking Board's Short-term Obligation Rate Transparency System. 

<sup>(i)</sup> Maturity date shown is the final maturity date. The security may be sold back to the issuer before final maturity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Schedule of Investments.

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Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

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 **Western Asset Intermediate Muni Fund Inc.**

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| AG |  | Assured Guaranty — Insured Bonds |
| BAM |  | Build America Mutual — Insured Bonds |
| CAB |  | Capital Appreciation Bonds |
| CSCE |  | Charter School Credit Enhancement |
| DFA |  | Development Finance Agency |
| EDA |  | Economic Development Authority |
| EDC |  | Economic Development Corporation |
| EFA |  | Educational Facilities Authority |
| FHLB |  | Federal Home Loan Bank |
| FHLMC |  | Federal Home Loan Mortgage Corporation |
| GO |  | General Obligation |
| GTD |  | Guaranteed |
| HEFA |  | Health & Educational Facilities Authority |
| HFA |  | Housing Finance Agency |
| IDA |  | Industrial Development Authority |
| IDR |  | Industrial Development Revenue |
| ISD |  | Independent School District |
| LIQ |  | Liquidity Facility |
| LOC |  | Letter of Credit |
| MFA |  | Municipal Finance Authority |
| MTA |  | Metropolitan Transportation Authority |
| PCFA |  | Pollution Control Financing Authority |
| PEA |  | Public Energy Authority |
| PSF |  | Permanent School Fund |
| SD |  | School District |
| SOFR |  | Secured Overnight Financing Rate |
| SPA |  | Standby Bond Purchase Agreement — Insured Bonds |
| TFA |  | Transitional Finance Authority |
| USD |  | Unified School District |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

------

Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization and significant accounting policies** 

Western Asset Intermediate Muni Fund Inc. (the "Fund") was incorporated in Maryland on December 19, 1991, and is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Board of Directors (the "Board") authorized 100 million shares of $0.001 par value common stock. The Fund's investment objective is to provide common shareholders a high level of current income exempt from regular federal income taxes consistent with prudent investing. Under normal market conditions, the Fund invests at least 80% of its total assets in municipal obligations. In addition, under normal market conditions, the Fund will invest at least 80% of its total assets in debt securities that are, at the time of investment, rated investment grade by a nationally recognized statistical rating organization or, if unrated, of equivalent quality as determined by the investment manager. For credit ratings purposes, pre-refunded bonds are deemed to be unrated. The subadviser determines the credit quality of prefunded bonds based on the quality of the escrowed collateral and such other factors as the subadviser deems appropriate.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board.

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

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Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

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The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; — | &nbsp;&nbsp; $153838132 | &nbsp;&nbsp; — | &nbsp;&nbsp; $153838132 |
| &nbsp;&nbsp;&nbsp; Municipal Bonds Deposited in Tender Option Bond Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp; 5277394 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5277394 |
| Total Long-Term Investments | &nbsp;&nbsp; — | &nbsp;&nbsp; 159115526 | &nbsp;&nbsp; — | &nbsp;&nbsp; 159115526 |
| Short-Term Investments† | &nbsp;&nbsp; — | &nbsp;&nbsp; 6825000 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6825000 |
| **Total Investments** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$165940526** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$165940526** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations.

**2. Transactions with affiliated company**

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for all or some portion of the period ended August 31, 2025. The following transactions were effected in such company for the period ended August 31, 2025. <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>November 30, <br>2024 | Purchased | Purchased | Sold | Sold |
|  | Affiliate <br>Value at <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>November 30, <br>2024 | Cost | Shares | Proceeds | Shares |
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium <br> Shares<br>| $1011752 | $2569228 | 2569228 | $3580980 | 3580980 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| (cont'd) | Realized <br>Gain (Loss)<br>| Dividend <br>Income<br>| Net Increase <br>(Decrease) in <br>Unrealized <br>Appreciation <br>(Depreciation)<br>| Affiliate <br>Value at <br>August 31, <br>2025<br>|
| Western Asset Premier <br> Institutional Government <br> Reserves, Premium Shares<br>|  | $1272 |  |  |

---

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Western Asset Intermediate Muni Fund Inc. 2025 Quarterly Report

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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:** Western Asset Intermediate Muni Fund Inc.

- **b. Investment Company Act file number:** 811-06506

- **c. CIK number of Registrant:** 0000882300

- **d. LEI of Registrant:** 5493000MG5MROBD48K57

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

  - **Street Address 1:** 620 Eighth Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10018

  - **Telephone number:** 1-888-777-0102

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

- **a. Name of Series:** Western Asset Intermediate Muni Fund Inc.

- **c. LEI of Series:** 5493000MG5MROBD48K57

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

- **a. Date of fiscal year-end:** 2025-11-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $168594420.26

**Total Liabilities:** $51287766.57

**Net Assets:** $117306653.69

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 193.84000000 | **1-Year:** 5347.31000000 | **5-Year:** 22660.32000000 | **10-Year:** 60556.14000000 | **30-Year:** 8766.24000000

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

- **3-Month:** 16.43000000 | **1-Year:** 265.13000000 | **5-Year:** 2763.83000000 | **10-Year:** 7325.06000000 | **30-Year:** 311.18000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 1.64%                | 1.09%                | 1.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-17803.91               | $673914.09                                 |
| Month 2  | $-58779.72               | $-1020925.95                               |
| Month 3  | $-1568.05                | $852632.51                                 |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond 1-15 Yr Blend (1-17) USD Unhedged Index

- **Index Identifier:** 5825

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TENNESSEE ST ENERGY ACQUISITIO                          | Tennessee Energy Acquisition Corp                                            | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3114369.90   | 2.65%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                           | Metropolitan Transportation Authority                                        | CUSIP: 59261AJ40<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077615.00   | 0.92%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOUNT PLEASANT WI TAX INCR REV                          | Village of Mount Pleasant WI                                                 | CUSIP: 622823AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507497.45    | 0.43%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL                          | Maryland Health & Higher Educational Facilities Authority                    | CUSIP: 57421CGC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.85%             | 2046-06-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU DEDICATE                          | Chicago Board of Education Dedicated Capital Improvement Tax                 | CUSIP: 167510AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502375.10    | 0.43%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                          | Kentucky Public Energy Authority                                             | CUSIP: 74440DCZ5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1207135.56   | 1.03%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                          | California Community Choice Financing Authority                              | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    600000 | PA      | $633140.46    | 0.54%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                          | Chicago O'Hare International Airport                                         | CUSIP: 167593WN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510708.70    | 0.44%             | 2036-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $474755.70    | 0.40%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH                           | Orange County Health Facilities Authority                                    | CUSIP: 68450LHK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255723.73    | 0.22%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                          | Colorado Health Facilities Authority                                         | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251800.28    | 0.21%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO SPL FACS                          | City & County of Denver CO                                                   | CUSIP: 249271GV3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99996.13     | 0.09%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOLSOM CORDOVA CA UNIF SCH DIS                          | Folsom Cordova Unified School District                                       | CUSIP: 34440PDV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $666114.84    | 0.57%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                             | City of New York NY                                                          | CUSIP: 64966QH37<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.17%             | 2049-09-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116CJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $872010.16    | 0.74%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEPT OF TRANS                          | Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue  | CUSIP: 57563CDV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $369968.34    | 0.32%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                          | Massachusetts Development Finance Agency                                     | CUSIP: 57584Y4S5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $479734.40    | 0.41%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS CA PUBLIC FING A                          | River Islands Public Financing Authority                                     | CUSIP: 76827QHJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $369724.04    | 0.32%             | 2037-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FINGA                          | Pennsylvania Economic Development Financing Authority                        | CUSIP: 708686ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $603225.42    | 0.51%             | 2038-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA                          | New York State Dormitory Authority                                           | CUSIP: 64990AMP7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1552299.75   | 1.32%             | 2038-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV                          | Empire State Development Corp                                                | CUSIP: 6500357N2<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    550000 | PA      | $486940.63    | 0.42%             | 2045-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                      | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     11694 | PA      | $12833.21     | 0.01%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR                           | Los Angeles Department of Water & Power                                      | CUSIP: 5444953N2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    750000 | PA      | $760608.15    | 0.65%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority         | New York City Municipal Water Finance Authority (TOBs)                       | CUSIP: 64972GC28<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1645864.52   | 1.40%             | 2047-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR                          | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YDG7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    220000 | PA      | $144650.00    | 0.12%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S E ALABAMA ST GAS SPLY DIST G                          | Southeast Alabama Gas Supply District/The                                    | CUSIP: 84131TAY8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |    400000 | PA      | $429407.92    | 0.37%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                          | Massachusetts Development Finance Agency                                     | CUSIP: 57584XZQ7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202805.78    | 0.17%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN                          | California Pollution Control Financing Authority                             | CUSIP: 13054WAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $753651.75    | 0.64%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH                           | Orange County Health Facilities Authority                                    | CUSIP: 68450LJR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $203408.19    | 0.17%             | 2056-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE                          | California Municipal Finance Authority                                       | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $389762.80    | 0.33%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                           | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70868YAS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535827.95   | 1.31%             | 2041-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                           | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XUB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2087006.90   | 1.78%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                             | City of Houston TX Airport System Revenue                                    | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $219330.87    | 0.19%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                          | Health & Educational Facilities Authority of the State of Missouri           | CUSIP: 60635H2R9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152846.54    | 0.13%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                      | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    229968 | PA      | $220510.45    | 0.19%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                          | California Community Choice Financing Authority                              | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502399.75    | 0.43%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                           | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461366E6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    575000 | PA      | $621130.30    | 0.53%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                             | State of Illinois                                                            | CUSIP: 452153GK9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    400000 | PA      | $433363.68    | 0.37%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                             | State of Illinois                                                            | CUSIP: 452153HM4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1266130.25   | 1.08%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                                          | County of Harris TX                                                          | CUSIP: 4140054E5<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1092964.63   | 0.93%             | 2049-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH SURFACE FREI                          | Illinois Finance Authority                                                   | CUSIP: 45203PAD6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    450000 | PA      | $450613.08    | 0.38%             | 2043-12-01      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                   | Chicago Board of Education                                                   | CUSIP: 167505VY9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075514.00   | 1.77%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV HOSPS & CLINICS AUTH WI                            | University of Wisconsin Hospitals & Clinics                                  | CUSIP: 915260CN1<br>LEI: 549300O76DW14JGO7224 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.09%             | 2048-04-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                           | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HAB3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1044545.53   | 0.89%             | 2051-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ CIVIC IMPT CORP WST                          | City of Phoenix Civic Improvement Corp                                       | CUSIP: 71883PJS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001748.50   | 0.85%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                      | New York State Dormitory Authority (TOBs)                                    | CUSIP: 64990FYN8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1702004.48   | 1.45%             | 2045-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO INDL DEV AUTH A                          | Kansas City Industrial Development Authority                                 | CUSIP: 48504NAX7<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    750000 | PA      | $769191.60    | 0.66%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MUNI ENERGY ACQU                          | New Mexico Municipal Energy Acquisition Authority                            | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |    400000 | PA      | $426764.28    | 0.36%             | 2054-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP STUD                          | Maryland Economic Development Corp                                           | CUSIP: 57420VRK1<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $454492.90    | 0.39%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                             | City of Houston TX Airport System Revenue                                    | CUSIP: 442349AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1076144.42   | 0.92%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S                          | Mobile County Industrial Development Authority                               | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $217573.30    | 0.19%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                          | Colorado Health Facilities Authority                                         | CUSIP: 19648FPT5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    375000 | PA      | $375000.00    | 0.32%             | 2052-12-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH                           | Parish of St John the Baptist LA                                             | CUSIP: 79020FBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $895465.08    | 0.76%             | 2037-06-01      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA                          | Harris County Cultural Education Facilities Finance Corp                     | CUSIP: 414009QZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $331652.67    | 0.28%             | 2051-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                           | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HDP9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2019935.00   | 1.72%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                           | Buckeye Tobacco Settlement Financing Authority                               | CUSIP: 118217CP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524258.85    | 0.45%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                           | Sales Tax Securitization Corp                                                | CUSIP: 79467BAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262986.90    | 0.22%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND FORKS ND HLTH CARE SYS R                          | City of Grand Forks ND                                                       | CUSIP: 38546WDP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $500739.54    | 0.43%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST THRUWAY AUTH GEN R                          | New York State Thruway Authority                                             | CUSIP: 650010AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251925.00   | 1.07%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CA CORRIDOR TRANSPRTN                           | Alameda Corridor Transportation Authority                                    | CUSIP: 010869GY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507758.55    | 0.43%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE                           | Metropolitan Transportation Authority                                        | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    400000 | PA      | $420656.56    | 0.36%             | 2045-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                          | California Community Choice Financing Authority                              | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    300000 | PA      | $318901.92    | 0.27%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                      | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     45761 | PA      | $28772.34     | 0.02%             | 2043-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR                          | City & County Honolulu HI Wastewater System Revenue                          | CUSIP: 438701J47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $321525.48    | 0.27%             | 2041-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDLD                          | Philadelphia Authority for Industrial Development                            | CUSIP: 71783DBU8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520256.15    | 0.44%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S                          | Mobile County Industrial Development Authority                               | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $281220.75    | 0.24%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                             | City of New York NY                                                          | CUSIP: 64966Q6J4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256928.93    | 0.22%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STHRN UTE INDIAN TRIBE OF STHR                          | Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado        | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |    350000 | PA      | $371998.97    | 0.32%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES                           | Chicago Transit Authority Sales Tax Receipts Fund                            | CUSIP: 16772PCB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $551181.46    | 0.47%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONGVIEW TX INDEP SCH DIST                              | Longview Independent School District                                         | CUSIP: 543264ZJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $348275.64    | 0.30%             | 2049-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX SPL TAX REVENUE                            | City of Arlington TX Special Tax Revenue                                     | CUSIP: 04184RDD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $245084.30    | 0.21%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                             | City of New York NY                                                          | CUSIP: 64966QL40<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037763.70   | 0.88%             | 2043-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    157000 | PA      | $147867.95    | 0.13%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH AQUEDUCT &                           | Puerto Rico Commonwealth Aqueduct & Sewer Authority                          | CUSIP: 745160UD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1545873.45   | 1.32%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                   | Chicago Board of Education                                                   | CUSIP: 167505TG1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    270000 | PA      | $270863.68    | 0.23%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST UNIV                                        | Illinois State University                                                    | CUSIP: 452272B55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106037.28    | 0.09%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISH                           | Parish of St John the Baptist LA                                             | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504560.50    | 0.43%             | 2037-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| OMAHA NE PUBLIC PWR DIST ELEC                           | Omaha Public Power District                                                  | CUSIP: 682001HC9<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    500000 | PA      | $438415.60    | 0.37%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO                          | Utah Infrastructure Agency                                                   | CUSIP: 917467CB6<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    100000 | PA      | $94622.56     | 0.08%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH                           | American Municipal Power Inc                                                 | CUSIP: 02765UNQ3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530185.60    | 0.45%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN                          | Virginia Small Business Financing Authority                                  | CUSIP: 928104PN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1272306.13   | 1.08%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116EG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525413.90    | 0.45%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR                          | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YDB8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    450000 | PA      | $295875.00    | 0.25%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELGIN TX INDEP SCH DIST                                 | Elgin Independent School District                                            | CUSIP: 286533UL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $521495.94    | 0.44%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA ELEC REVENUE                               | City of Riverside CA Electric Revenue                                        | CUSIP: 768874UR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $790985.70    | 0.67%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G                          | Central Plains Energy Project                                                | CUSIP: 154871CN5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524376.60    | 0.45%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                             | City of Houston TX Airport System Revenue                                    | CUSIP: 442349GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $429354.40    | 0.37%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                             | State of Illinois                                                            | CUSIP: 452152Y47<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    300000 | PA      | $302589.60    | 0.26%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION                          | City of Chicago IL Wastewater Transmission Revenue                           | CUSIP: 167727ZF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $607226.46    | 0.52%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ISLE OF WIGHT CNTY VA ECON DEV                          | Isle Wight County Industrial Development Authority                           | CUSIP: 464637AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253817.23    | 0.22%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271231.58    | 0.23%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                           | Metropolitan Pier & Exposition Authority                                     | CUSIP: 592250EW0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    600000 | PA      | $534914.58    | 0.46%             | 2042-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                              | Public Finance Authority                                                     | CUSIP: 74442PQV0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    150000 | PA      | $141622.55    | 0.12%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                          | Wisconsin Health & Educational Facilities Authority                          | CUSIP: 97712JGR8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507652.55    | 0.43%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                          | California Community Choice Financing Authority                              | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    600000 | PA      | $652644.30    | 0.56%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE CDD NO 15 SPL ASSMNT R                          | Village Community Development District No 15                                 | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $140286.50    | 0.12%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY AZ INDL DEV AUTH E                          | La Paz County Industrial Development Authority                               | CUSIP: 50376FAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495293.40    | 0.42%             | 2038-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                           | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461366Y2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056892.20   | 0.90%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA                          | Commonwealth Financing Authority                                             | CUSIP: 20282EAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211663.72    | 0.18%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP                          | Great Lakes Water Authority Water Supply System Revenue                      | CUSIP: 39081JGM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044986.40   | 0.89%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO                          | New York State Dormitory Authority                                           | CUSIP: 64990FPU2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $765985.20    | 0.65%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                          | Kentucky Public Energy Authority                                             | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213021.88    | 0.18%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                             | State of Illinois                                                            | CUSIP: 452152H20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $516353.65    | 0.44%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR                          | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YDC6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    250000 | PA      | $163750.00    | 0.14%             | 2018-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PLYMOUTH MA                                             | Town of Plymouth MA                                                          | CUSIP: 729654UD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1634100.00   | 1.39%             | 2044-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                              | City of Chicago IL                                                           | CUSIP: 167486P52<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255321.13    | 0.22%             | 2039-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLARKSVILLE TN WTR SWR & GAS R                          | City of Clarksville TN Water Sewer & Gas Revenue                             | CUSIP: 182618PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $640188.98    | 0.55%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR                          | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YEE1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    400000 | PA      | $263000.00    | 0.22%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1381889.03   | 1.18%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                             | State of Illinois                                                            | CUSIP: 452153KE8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007241.10   | 0.86%             | 2047-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VAUXMONT MET DIST CO                                    | Vauxmont Metropolitan District                                               | CUSIP: 92242SAH6<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    125000 | PA      | $128866.29    | 0.11%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FING AGY                          | Patriots Energy Group Financing Agency                                       | CUSIP: 70342PAS3<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258115.85    | 0.22%             | 2054-02-01      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $298874.63    | 0.25%             | 2054-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| STATE PUBLIC SCH BLDG AUTH PA                           | State Public School Building Authority                                       | CUSIP: 85732GUH1<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    450000 | PA      | $459058.73    | 0.39%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY                          | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DNK1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    645000 | PA      | $670921.32    | 0.57%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH MIDWESTERN DI                          | Indiana Finance Authority                                                    | CUSIP: 45470CAG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204779.52    | 0.17%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                          | Pennsylvania Turnpike Commission                                             | CUSIP: 709225AW6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505792.10    | 0.43%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST HSG FIN CORP                                  | Alaska Housing Finance Corp                                                  | CUSIP: 011839VS3<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249075.68    | 0.21%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Western Asset Premier Institutional Government Reserves | Western Asset Premier Institutional Government Reserves                      | CUSIP: 52470G494<br>LEI: 549300WB3XRN9YTWFB76 | Long             | STIV             | RF                | US        |      2584 | NS      | $2584.34      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                           | Metropolitan Pier & Exposition Authority                                     | CUSIP: 592250CS1<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258585.65    | 0.22%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO                          | Utah Infrastructure Agency                                                   | CUSIP: 917467AZ5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    470000 | PA      | $470914.62    | 0.40%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH                              | Massachusetts Port Authority                                                 | CUSIP: 575896YK5<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493081.10    | 0.42%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                           | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70869PPF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246681.08    | 0.21%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                              | City of Chicago IL                                                           | CUSIP: 167486D71<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257792.73    | 0.22%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A                          | Palm Beach County Health Facilities Authority                                | CUSIP: 696507VH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151096.89    | 0.13%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX WHARVES & TERMINA                          | City of Galveston TX Wharves & Terminal Revenue                              | CUSIP: 364568JW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $799933.35    | 0.68%             | 2035-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO                          | New York State Dormitory Authority                                           | CUSIP: 64990FKX1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $766489.88    | 0.65%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKS CNTY PA WTR & SWR AUTH S                          | Bucks County Water and Sewer Authority                                       | CUSIP: 118683JX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $234036.95    | 0.20%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAMMOND IN MULTI-SCH BLDG CORP                          | Hammond Multi-School Building Corp                                           | CUSIP: 408395SC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1066614.08   | 0.91%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A                          | St Louis County Industrial Development Authority                             | CUSIP: 791524CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299757.27    | 0.26%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT BUSINESS PRIVILEGE T                          | Territory of Guam                                                            | CUSIP: 40065NCQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197160.28    | 0.17%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN                          | County of Broward FL Airport System Revenue                                  | CUSIP: 114894XR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253059.68    | 0.22%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                      | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     12097 | PA      | $9998.07      | 0.01%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL                          | Chandler Industrial Development Authority                                    | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $656725.36    | 0.56%             | 2049-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                             | State of Illinois                                                            | CUSIP: 452152X97<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    770000 | PA      | $786698.07    | 0.67%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA INSURANCE ASSISTANCE I                          | Florida Insurance Assistance Interlocal Agency Inc                           | CUSIP: 34074EAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1113017.73   | 0.95%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REV                          | County of Miami-Dade Seaport Department                                      | CUSIP: 59335KFA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972552.70    | 0.83%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2032235.40   | 1.73%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH P                          | South Carolina Ports Authority                                               | CUSIP: 837123HH4<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |    400000 | PA      | $408016.84    | 0.35%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE PUBLIC SCH BLDG AUTH PA                           | State Public School Building Authority                                       | CUSIP: 85732GUF5<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153500.57    | 0.13%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HOSP REVEN                          | Indiana Finance Authority                                                    | CUSIP: 45471ATD4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $216961.50    | 0.18%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL                          | Chandler Industrial Development Authority                                    | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252263.85    | 0.22%             | 2037-12-01      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS                          | Connecticut Housing Finance Authority                                        | CUSIP: 20775CB78<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.21%             | 2048-11-15      | Variable      | 2.73%                 | No            |                  2 | On Loan: No      |
| HAMMOND IN MULTI-SCH BLDG CORP                          | Hammond Multi-School Building Corp                                           | CUSIP: 408395SB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $775878.68    | 0.66%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SP                          | New Jersey Economic Development Authority                                    | CUSIP: 64578CCE9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007688.50   | 0.86%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                            | Illinois Finance Authority                                                   | CUSIP: 45200FZR3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.09%             | 2043-08-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| NEWARK HGR EDU FIN CORP TX EDU                          | Newark Higher Education Finance Corp                                         | CUSIP: 650346DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $172062.50    | 0.15%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                           | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CGJ1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    400000 | PA      | $346297.68    | 0.30%             | 2050-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH E                          | Ohio Air Quality Development Authority                                       | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $435511.05    | 0.37%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2271409.41   | 1.94%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                            | New Hampshire Business Finance Authority                                     | CUSIP: 63607YCX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $844724.43    | 0.72%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                            | Illinois Finance Authority                                                   | CUSIP: 45204EZA9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506353.65    | 0.43%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                           | Metropolitan Pier & Exposition Authority                                     | CUSIP: 592250EB6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502500.55    | 0.43%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU                          | Wisconsin Housing & Economic Development Authority Home Ownership Revenue    | CUSIP: 97689PX37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.09%             | 2035-09-01      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH ACT 38 FA                          | Michigan Finance Authority                                                   | CUSIP: 59447NBD7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $221119.05    | 0.19%             | 2054-02-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HUDSON YARDS INFRASTRUCTURE CO                          | Hudson Yards Infrastructure Corp                                             | CUSIP: 44420RAX8<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023625.90   | 0.87%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                             | State of Illinois                                                            | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    300000 | PA      | $314858.46    | 0.27%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOLSOM CORDOVA CA UNIF SCH DIS                          | Folsom Cordova Unified School District                                       | CUSIP: 34440PDK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $555095.70    | 0.47%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BASE VLG MET DIST #2 CO                                 | Base Village Metropolitan District No 2                                      | CUSIP: 069781AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500172.50    | 0.43%             | 2036-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN                          | Virginia Small Business Financing Authority                                  | CUSIP: 928104QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $479331.30    | 0.41%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                                 | Florida Development Finance Corp                                             | CUSIP: 340618DW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    615000 | PA      | $592678.70    | 0.51%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU                          | New Jersey Turnpike Authority                                                | CUSIP: 646140GC1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    750000 | PA      | $775089.98    | 0.66%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                           | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20774Y2A4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254818.98    | 0.22%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU                          | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667CK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308030.04    | 0.26%             | 2041-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION                          | City of Chicago IL Wastewater Transmission Revenue                           | CUSIP: 167727C53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506044.80    | 0.43%             | 2058-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                          | California Community Choice Financing Authority                              | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1671033.92   | 1.42%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MID-BAY BRIDGE AUTH                          | Mid-Bay Bridge Authority                                                     | CUSIP: 342814DJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $545969.94    | 0.47%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE                              | City of Austin TX Airport System Revenue                                     | CUSIP: 052398HQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $357848.82    | 0.31%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE                          | Port Authority of New York & New Jersey                                      | CUSIP: 73358WYF5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503287.85   | 1.28%             | 2030-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                              | City of Chicago IL                                                           | CUSIP: 167486D97<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    610000 | PA      | $588376.23    | 0.50%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL PORT FACS REVE                          | County of Broward FL Port Facilities Revenue                                 | CUSIP: 11506KGU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $468292.86    | 0.40%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                            | Michigan Finance Authority                                                   | CUSIP: 59447TL50<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    150000 | PA      | $138300.09    | 0.12%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND STADIUM AUTH BUILT TO                          | Maryland Stadium Authority                                                   | CUSIP: 574294AV6<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $220714.40    | 0.19%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                      | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     14271 | PA      | $9993.74      | 0.01%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL CAPITAL IMPT CIG                          | County of Pasco FL                                                           | CUSIP: 70252AAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1906292.25   | 1.63%             | 2054-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                           | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CGH5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509788.80    | 0.43%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                           | Metropolitan Pier & Exposition Authority                                     | CUSIP: 592250DA9<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $94980.70     | 0.08%             | 2056-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                             | State of Illinois                                                            | CUSIP: 4521522M2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1387273.94   | 1.18%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAFAYETTE PARISH LA SCH BRD SA                          | Lafayette Parish School Board Sale Tax Revenue                               | CUSIP: 506624UQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $433499.25    | 0.37%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                           | Empire State Development Corp (TOBs)                                         | CUSIP: 64985TER8<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1929525.05   | 1.64%             | 2049-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                          | South Carolina Jobs-Economic Development Authority                           | CUSIP: 83703EMQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    500000 | PA      | $439122.15    | 0.37%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CA ELEC REVENUE                               | City of Riverside CA Electric Revenue                                        | CUSIP: 768874UU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255176.15    | 0.22%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                 | New York State Housing Finance Agency                                        | CUSIP: 64986MC78<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.09%             | 2035-05-01      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| NAVAJO NATION AZ                                        | Navajo Nation                                                                | CUSIP: 639185AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135401.14    | 0.12%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL                          | Colorado Educational & Cultural Facilities Authority                         | CUSIP: 19645RNN7<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.17%             | 2041-07-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH AQUEDUCT &                           | Puerto Rico Commonwealth Aqueduct & Sewer Authority                          | CUSIP: 745160SJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $374193.44    | 0.32%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO                          | Tennessee Energy Acquisition Corp                                            | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501225.70    | 0.43%             | 2049-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IN EXEMPT FACS REVE                          | City of Valparaiso IN                                                        | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509398.95    | 0.43%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                          | Massachusetts Development Finance Agency                                     | CUSIP: 57583RWB7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.09%             | 2042-10-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                          | Colorado Health Facilities Authority                                         | CUSIP: 19648FZN7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    400000 | PA      | $375777.84    | 0.32%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R                          | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758XR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514778.15    | 0.44%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN                          | Virginia Small Business Financing Authority                                  | CUSIP: 928104MR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263891.95    | 0.22%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                   | Chicago Board of Education                                                   | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1281539.85   | 1.09%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                          | Main Street Natural Gas Inc                                                  | CUSIP: 56035DFK3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    300000 | PA      | $318570.15    | 0.27%             | 2053-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                          | California Community Choice Financing Authority                              | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1501124.24   | 1.28%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| RIVER ISLANDS CA PUBLIC FING A                          | River Islands Public Financing Authority                                     | CUSIP: 76827QJX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255709.85    | 0.22%             | 2043-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENERGY S E AL A COOPERATIVE DI                          | Energy Southeast A Cooperative District                                      | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1103025.50   | 0.94%             | 2054-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD                          | Michigan Strategic Fund                                                      | CUSIP: 594698QT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $290602.14    | 0.25%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                      | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     11089 | PA      | $10849.51     | 0.01%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY MS GULF OPPORTUNIT                          | County of Warren MS                                                          | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $182912.54    | 0.16%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S                          | Long Island Power Authority                                                  | CUSIP: 542691KA7<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    250000 | PA      | $249624.70    | 0.21%             | 2049-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE                               | City of Chicago IL Waterworks Revenue                                        | CUSIP: 167736P43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $650519.79    | 0.55%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                          | Massachusetts Development Finance Agency                                     | CUSIP: 57584X8U8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255826.08    | 0.22%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN                          | Florida Development Finance Corp                                             | CUSIP: 34061UBU1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150027.18    | 0.13%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP                          | California Municipal Finance Authority                                       | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $248781.43    | 0.21%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $145956.21    | 0.12%             | 2054-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP SOL W                          | Mission Economic Development Corp                                            | CUSIP: 605155BW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152522.54    | 0.13%             | 2064-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $88904.00     | 0.08%             | 2054-12-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL                          | Chandler Industrial Development Authority                                    | CUSIP: 158862CC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505078.60    | 0.43%             | 2035-12-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                          | Main Street Natural Gas Inc                                                  | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047767.40   | 0.89%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY PA MUNI AUTH                            | Cumberland County Municipal Authority                                        | CUSIP: 230614TD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195102.16    | 0.17%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1222635.60   | 1.04%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                             | State of Illinois                                                            | CUSIP: 4521524T5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    600000 | PA      | $627548.58    | 0.53%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH                           | Illinois State Toll Highway Authority                                        | CUSIP: 452252QR3<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $544907.45    | 0.46%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HIGHLANDS CNTY FL HLTH FACS AU                          | Highlands County Health Facilities Authority                                 | CUSIP: 431022TP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.09%             | 2033-11-15      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                          | Tobacco Settlement Financing Corp                                            | CUSIP: 888808HL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511678.80    | 0.44%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                           | Buckeye Tobacco Settlement Financing Authority                               | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $445009.62    | 0.38%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA BEACH VA DEV AUTH RSD                          | Virginia Beach Development Authority                                         | CUSIP: 92774NAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1220478.88   | 1.04%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL HLTH FACS A                          | Miami-Dade County Health Facilities Authority                                | CUSIP: 59334NDU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253632.25    | 0.22%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYS TX CONSOL INDEP SCH DIST                           | Hays Consolidated Independent School District                                | CUSIP: 4211107D3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $270848.64    | 0.23%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R                          | Central Texas Regional Mobility Authority                                    | CUSIP: 155498KP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501519.30    | 0.43%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                      | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    111631 | PA      | $97196.27     | 0.08%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST CORRS INSTN FIN AUT                          | Alabama Corrections Institution Finance Authority                            | CUSIP: 010507CJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $766049.10    | 0.65%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                   | Chicago Board of Education                                                   | CUSIP: 167505XZ4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $898173.10    | 0.77%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                          | State of Connecticut                                                         | CUSIP: 20772KGH6<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1330628.81   | 1.13%             | 2039-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST FACS AUTH REVENUE                             | Oregon State Facilities Authority                                            | CUSIP: 68608JXF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.60%             | 2034-08-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| TULSA OK MUNI ARPT TRUST TRUST                          | Tulsa Municipal Airport Trust Trustees/OK                                    | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $331530.99    | 0.28%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARLINGTON CNTY VA INDL DEV AUT                          | Arlington County Industrial Development Authority                            | CUSIP: 041438GX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212648.46    | 0.18%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                          | Southeast Energy Authority A Cooperative District                            | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    575000 | PA      | $602737.54    | 0.51%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVRNMNTL FACS                          | County of Trimble KY                                                         | CUSIP: 896221AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012815.20   | 0.86%             | 2054-06-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| TULSA OK MUNI ARPT TRUST TRUST                          | Tulsa Municipal Airport Trust Trustees/OK                                    | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37945.38     | 0.03%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL                          | Chandler Industrial Development Authority                                    | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509746.00    | 0.43%             | 2052-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE                          | California Municipal Finance Authority                                       | CUSIP: 13048VBU1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    350000 | PA      | $354393.59    | 0.30%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                           | Black Belt Energy Gas District                                               | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2114563.80   | 1.80%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL                           | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X8E1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041801.80   | 1.74%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                           | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70868YAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $192389.34    | 0.16%             | 2053-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                           | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CCD8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2074183.60   | 1.77%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN                          | M-S-R Energy Authority                                                       | CUSIP: 55374SAD2<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2378670.44   | 2.03%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR                          | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YCZ6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     75000 | PA      | $49312.50     | 0.04%             | 2042-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                          | Build NYC Resource Corp                                                      | CUSIP: 12008ETK2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    350000 | PA      | $331481.89    | 0.28%             | 2052-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                           | Metropolitan Pier & Exposition Authority                                     | CUSIP: 592250DM3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1150075.32   | 0.98%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                      | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    740000 | PA      | $687351.96    | 0.59%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                          | Chicago O'Hare International Airport                                         | CUSIP: 1675932K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $593927.64    | 0.51%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                          | Pennsylvania Turnpike Commission                                             | CUSIP: 709225GJ9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256262.18    | 0.22%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HIGHLANDS CNTY FL HLTH FACS AU                          | Highlands County Health Facilities Authority                                 | CUSIP: 431022TN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 1.28%             | 2032-11-15      | Variable      | 2.67%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MODERNIZATI                          | Love Field Airport Modernization Corp                                        | CUSIP: 54714CBG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91362.38     | 0.08%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                           | Hillsborough County Aviation Authority                                       | CUSIP: 432308H64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247701.38    | 0.21%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN                           | New York City Municipal Water Finance Authority                              | CUSIP: 64972GCR3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.09%             | 2049-06-15      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH                          | West Virginia Economic Development Authority                                 | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    150000 | PA      | $147606.24    | 0.13%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION                           | Central Texas Turnpike System                                                | CUSIP: 88283KCF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314819.01    | 0.27%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA                          | Chicago O'Hare International Airport                                         | CUSIP: 167593WP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $407784.76    | 0.35%             | 2037-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257654.73    | 0.22%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                            | Ohio Air Quality Development Authority                                       | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254703.20    | 0.22%             | 2039-11-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                      | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     12040 | PA      | $12831.82     | 0.01%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA                                    | Municipal Electric Authority of Georgia                                      | CUSIP: 62620HHP0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201923.54    | 0.17%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE                              | Port of Seattle WA                                                           | CUSIP: 735389V39<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041558.30   | 0.89%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT                          | Utah Charter School Finance Authority                                        | CUSIP: 91754TSA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251068.45    | 0.21%             | 2037-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                            | Ohio Air Quality Development Authority                                       | CUSIP: 677525WF0<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    350000 | PA      | $334161.35    | 0.28%             | 2042-11-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                           | County of Jefferson AL Sewer Revenue                                         | CUSIP: 472682ZQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520186.40   | 1.30%             | 2045-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                          | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                       | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47718.69     | 0.04%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                             | City of Houston TX Airport System Revenue                                    | CUSIP: 4423487W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $510513.15    | 0.44%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR                          | Puerto Rico Electric Power Authority                                         | CUSIP: 74526YCC7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    280000 | PA      | $183400.00    | 0.16%             | 2021-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                          | Main Street Natural Gas Inc                                                  | CUSIP: 56035DBN1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258595.60    | 0.22%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                           | Black Belt Energy Gas District                                               | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212321.10    | 0.18%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                          | New York Transportation Development Corp                                     | CUSIP: 650116AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1226211.16   | 1.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION                          | City of Chicago IL Wastewater Transmission Revenue                           | CUSIP: 167727YK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $298163.79    | 0.25%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT NEW ORLEANS LA BRD OF COM                          | Port New Orleans Board of Commissioners                                      | CUSIP: 734782CY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1628651.38   | 1.39%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                            | New Hampshire Business Finance Authority                                     | CUSIP: 63607YCQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1018611.38   | 0.87%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE                              | City of Austin TX Airport System Revenue                                     | CUSIP: 052398EG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000865.50   | 0.85%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH                          | West Virginia Economic Development Authority                                 | CUSIP: 95648VBU2<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |    170000 | PA      | $173121.32    | 0.15%             | 2055-01-01      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                          | Tarrant County Cultural Education Facilities Finance Corp                    | CUSIP: 87638QEW5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 1.62%             | 2050-11-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA                                    | Municipal Electric Authority of Georgia                                      | CUSIP: 62620HHQ8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203359.82    | 0.17%             | 2064-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HONOLULU CITY & CNTY HI WSTWTR                          | City & County Honolulu HI Wastewater System Revenue                          | CUSIP: 4387014M3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168719.01    | 0.14%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SPORTS FACS AUTH                            | Illinois Sports Facilities Authority/The                                     | CUSIP: 452143FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3005905.80   | 2.56%             | 2030-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM                          | Arkansas Development Finance Authority                                       | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $352237.52    | 0.30%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                      | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     12238 | PA      | $12657.03     | 0.01%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV                          | City & County of Denver CO Airport System Revenue                            | CUSIP: 249182UT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089005.60   | 0.93%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Western Asset Intermediate Muni Fund Inc.

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer