# EDGAR Filing Document

**Accession Number:** 0000820892
**File Stem:** 0000820892-25-000066
**Filing Date:** 2025-10
**Character Count:** 224080
**Document Hash:** 1076c99135456bf6bb5770c2bd7de149
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000820892-25-000066.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0000820892-25-000066

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NUVEEN INVESTMENT FUNDS INC
- **CENTRAL INDEX KEY:** 0000820892

**ORGANIZATION NAME:**
- **EIN:** 411418224
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05309
- **FILM NUMBER:** 251418001

**BUSINESS ADDRESS:**
- **STREET 1:** 333 WEST WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-917-8146

**MAIL ADDRESS:**
- **STREET 1:** 333 WEST WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST AMERICAN INVESTMENT FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURAL MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 19910627

## Series and Classes Contracts Data

### Nuveen Nebraska Municipal Bond Fund (Series ID: S000005560)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000015139 | Class A                                     | FNTAX           |
| C000015141 | Class I                                     | FNTYX           |
| C000137680 | Nuveen Nebraska Municipal Bond Fund Class C | NAAFX           |

## Nport-Ex

#### Portfolio of Investments August 31, 2025

#### Minnesota Intermediate
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 91.8%

X

322,270,535

MUNICIPAL BONDS - 91.8%

X

–

EDUCATION AND CIVIC ORGANIZATIONS - 15.1%

$

130,000

Baytown Township, Minnesota Charter School Lease Revenue

Bonds, Saint Croix Preparatory Academy, Refunding Series

2016A

.000

%

08/01/28

$

129,025

1,160,000

Brooklyn Center, Minnesota, Charter School Lease Revenue

Bonds, Tesfa International dba Twin Lakes STEM Academy

Project, Series 2021A

.000

06/15/37

893,891

100,000

City of Ham Lake, Minnesota, Charter School Lease Revenue

Bonds, DaVinci Academy Project, Series 2016A

.000

07/01/31

100,133

1,000,000

City of Ham Lake, Minnesota, Charter School Lease Revenue

Bonds, DaVinci Academy Project, Series 2016A

.000

07/01/36

950,465

190,000

Deephaven, Minnesota, Charter School Lease Revenue Bonds,

Eagle Ridge Academy Project, Series 2015A

.000

07/01/30

190,150

710,000

Deephaven, Minnesota, Charter School Lease Revenue Bonds,

Eagle Ridge Academy Project, Series 2015A

.250

07/01/37

710,212

195,000

Deephaven, Minnesota, Charter School Lease Revenue Bonds,

Eagle Ridge Academy Project, Series 2016A

.000

07/01/26

195,010

300,000

Deephaven, Minnesota, Charter School Lease Revenue Bonds,

Eagle Ridge Academy Project, Series 2016A

.000

07/01/27

300,030

370,000

Deephaven, Minnesota, Charter School Lease Revenue Bonds,

Eagle Ridge Academy Project, Series 2016A

.000

07/01/28

370,032

645,000

Forest Lake, Minnesota, Charter School Lease Revenue Bonds,

Lakes International Language Academy, Series 2014A

.500

08/01/36

645,264

230,000

Greenwood, Minnesota, Charter School Lease Revenue Bonds,

Main Street School of Performing Arts Project, Series 2016A

.500

07/01/26

229,084

40,000

Greenwood, Minnesota, Charter School Lease Revenue Bonds,

Main Street School of Performing Arts Project, Series 2016A

.000

07/01/36

36,768

770,000

Ham Lake, Minnesota Charter School Lease Revenue Bonds,

Parnassus Preparatory School Project, Series 2016A

.000

11/01/26

768,757

975,000

Hugo, Minnesota, Charter School Lease Revenue Bonds, Noble

Academy Project, Series 2014A

.000

07/01/44

891,693

1,000,000

Independence, Minnesota, Charter School Lease Revenue

Bonds, Beacon Academy Project, Series 2016A

.750

07/01/31

991,082

500,000

Independence, Minnesota, Charter School Lease Revenue

Bonds, Beacon Academy Project, Series 2016A

.000

07/01/36

480,328

1,405,000

(a) Minneapolis, Minnesota, Charter School Lease Revenue Bonds,

Twin Cities International Schools Project, Series 2017A

.000

12/01/32

1,405,933

1,160,000

Minneapolis, Minnesota, Charter School Lease Revenue Bonds,

Yinghua Academy Project, Series 2013A

.000

07/01/33

1,160,990

1,040,000

Minneapolis, Minnesota, Revenue Bonds, University Gateway

Project, Refunding Series 2015

.000

12/01/28

1,041,258

2,800,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Bethel University, Refunding Series 2017

.000

05/01/32

2,804,952

655,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Bethel University, Refunding Series 2017

.000

05/01/37

631,489

1,600,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Carleton College, Refunding Series 2017

.000

03/01/33

1,610,299

2,380,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Carleton College, Series 2023

.000

03/01/41

2,512,833

815,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Gustavus Adolfus College, Series 2013-7W

.250

10/01/28

815,268

160,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Macalester College, Refunding Series 2021

.000

03/01/31

169,042

1,250,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Macalester College, Series 201528J

.250

03/01/29

1,250,353

1,235,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint Catherine University, Refunding Series 2018A

.000

10/01/31

1,275,365

700,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint John's University, Series 2015-8I

.375

10/01/30

700,021

200,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint John's University, Series 2021

.000

10/01/34

202,632

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota Intermediate

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

EDUCATION AND CIVIC ORGANIZATIONS

(continued)

$

1,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint Olaf College, Series 2015-8-G

.000

%

12/01/28

$

1,006,066

1,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint Olaf College, Series 2021

.000

10/01/38

846,067

825,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Green Series 2022A

.000

10/01/38

797,273

775,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2013-7U

.000

04/01/26

775,458

300,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2013-7U

.000

04/01/27

300,197

750,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2017A

.000

10/01/34

754,229

850,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2017A

.000

10/01/36

851,708

1,250,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2019

.000

10/01/40

1,275,252

1,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2022B

.125

10/01/41

941,505

1,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2022B

.000

10/01/47

1,000,387

705,000

Minnesota Office of Higher Education, Supplemental Student

Loan Program Revenue Bonds, Senior Series 2018, (AMT)

.000

11/01/26

718,212

980,000

Moorhead, Minnesota, Educational Facilities Revenue Bonds, The

Concordia College Corporation Project, Series 2016

.000

12/01/30

979,962

1,060,000

Moorhead, Minnesota, Educational Facilities Revenue Bonds, The

Concordia College Corporation Project, Series 2016

.000

12/01/32

1,038,240

860,000

Otsego, Minnesota, Charter School Lease Revenue Bonds,

Kaleidoscope Charter School Project, Series 2014A

.000

09/01/34

831,674

70,000

Saint Cloud, Minnesota, Charter School Lease Revenue Bonds,

Stride Academy Project, Series 2016A

.000

04/01/36

63,282

710,000

(a) Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Great River School Project,

Series 2017A

.500

07/01/38

705,588

3,005,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Hmong College Prep

Academy Project, Series 2016A

.250

09/01/31

3,034,872

200,000

(a) Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Metro Deaf School Project,

Series 2018A

.000

06/15/38

185,853

325,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Nova Classical Academy,

Series 2016A

.000

09/01/31

322,922

885,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Twin Cities Academy

Project, Series 2015A

.000

07/01/35

877,339

595,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Twin Cities German

Immersion School, Series 2013A

.000

07/01/33

595,149

160,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Lease Revenue Bonds, Saint Paul Conservatory for Performing

Artists Charter School Project, Series 2013A

.000

03/01/28

157,387

2,770,000

Savage, Minnesota Charter School Lease Revenue Bonds, Aspen

Academy Project, Series 2016A

.000

10/01/36

2,656,712

500,000

St. Paul Housing and Redevelopment Authority, Minnesota,

Charter School Revenue Bonds, Higher Ground Academy

Charter School, Series 2018

.000

12/01/43

463,821

700,000

University of Minnesota, General Obligation Bonds, Refunding

Series 2024A

.000

01/01/39

755,103

5,460,000

University of Minnesota, General Obligation Bonds, Series 2019A

.000

04/01/44

5,539,175

30,000

Winona Port Authority, Minnesota, Charter School Lease Revenue

Bonds, Bluffview Montessori School Project, Refunding Series

2016

.750

06/01/26

29,755

10,000

Winona Port Authority, Minnesota, Charter School Lease Revenue

Bonds, Bluffview Montessori School Project, Refunding Series

2016

.500

06/01/36

8,830

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

EDUCATION AND CIVIC ORGANIZATIONS

(continued)

$

1,000,000

(a) Woodbury, Minnesota, Charter School Lease Revenue Bonds,

Math and Science Academy, Refunding Series 2025

.500

%

06/01/35

$

970,975

895,000

Woodbury, Minnesota, Charter School Lease Revenue Bonds,

Woodbury Leadership Academy, Series 2021A

.000

07/01/31

862,592

TOTAL EDUCATION AND CIVIC ORGANIZATIONS

52,807,944

HEALTH CARE - 13.8%

3,370,000

Chippewa County, Minnesota, Gross Revenue Hospital Bonds,

Montevideo Hospital Project, Refunding Series 2016

.000

03/01/29

3,380,837

1,140,000

City of Plato, Minnesota, Health Care Facilities Revenue Bonds,

Glencoe Regional Health Services Project, Series 2017

.000

04/01/29

1,144,350

1,040,000

City of Plato, Minnesota, Health Care Facilities Revenue Bonds,

Glencoe Regional Health Services Project, Series 2017

.000

04/01/32

1,036,095

1,150,000

Crookston, Minnesota, Health Care Facilities Revenue Bonds,

RiverView Health Project, Refunding Series 2017A

.000

05/01/32

831,299

1,045,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Essentia Health Obligated Group,

Series 2018A

.000

02/15/33

1,083,321

675,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth

Obligated Group, Series 2021A

.000

06/15/37

678,091

240,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth

Obligated Group, Series 2022A, Forward Delivery

.000

06/15/35

244,614

1,400,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth

Obligated Group, Series 2022B

.250

06/15/42

1,450,420

400,000

Glencoe, Minnesota, Health Care Facilities Revenue Bonds,

Glencoe Regional Health Services Project, Series 2013

.000

04/01/26

400,056

2,000,000

Maple Grove, Minnesota, Health Care Facilities Revenue

Refunding Bonds, North Memorial Health Care, Series 2015

.000

09/01/28

2,002,270

495,000

Maple Grove, Minnesota, Health Care Facility Revenue Bonds,

North Memorial Health Care, Series 2017

.000

05/01/31

503,494

405,000

Maple Grove, Minnesota, Health Care Facility Revenue Bonds,

North Memorial Health Care, Series 2017

.000

05/01/32

410,802

470,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Allina Health System, Series 2021

.000

11/15/37

451,519

1,500,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Allina Health System, Series 2021

.000

11/15/38

1,408,051

3,000,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Allina Health System, Series 2021

.000

11/15/39

2,796,054

595,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Allina Health System, Series 2023A, (Mandatory Put 11/15/28)

.000

11/15/52

630,364

1,100,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Fairview Health Services, Series 2015A

.000

11/15/29

1,103,770

2,200,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Fairview Health Services, Series 2015A

.000

11/15/33

2,204,604

2,390,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Fairview Health Services, Series 2018A

.000

11/15/35

2,443,405

2,850,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Fairview Health Services, Series 2018A

.000

11/15/36

2,899,139

1,000,000

Minneapolis-Saint Paul Housing and Redevelopment Authority,

Minnesota, Health Care System Revenue Bonds, Children's

Health Care, Series 2025

.000

08/15/41

1,038,605

2,000,000

Minnesota Agricultural and Economic Development Board,

Health Care Facilities Revenue Bonds, HealthPartners Obligated

Group, Series 2024

.000

01/01/44

1,996,802

2,060,000

Rochester, Minnesota, Health Care Facilities Revenue Bonds,

Mayo Clinic, Refunding Series 2016B

.000

11/15/29

2,268,457

1,000,000

Rochester, Minnesota, Health Care Facilities Revenue Bonds,

Mayo Clinic, Refunding Series 2016B

.000

11/15/33

1,138,839

1,000,000

Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare

Health System, Series 2016A

.000

05/01/46

991,808

1,575,000

Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare

Health System, Series 2019

.000

05/01/48

1,540,878

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota Intermediate

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HEALTH CARE

(continued)

$

1,000,000

Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare

Health System, Series 2024

.000

%

05/01/39

$

1,054,583

1,000,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Facility Revenue Bonds, HealthPartners Obligated

Group, Refunding Series 2015A

.000

07/01/35

983,934

2,585,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Facility Revenue Bonds, HealthPartners Obligated

Group, Refunding Series 2025

.000

07/01/33

2,852,364

1,560,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Revenue Bonds, Fairview Health Services, Series

2017A

.000

11/15/26

1,595,796

1,000,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Revenue Bonds, Fairview Health Services, Series

2017A

.000

11/15/34

1,021,030

1,745,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Revenue Bonds, Fairview Health Services, Series

2017A

.000

11/15/35

1,686,031

1,000,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Revenue Bonds, Fairview Health Services, Series

2017A

.000

11/15/37

936,588

1,200,000

Shakopee, Minnesota, Health Care Facilities Revenue Bonds,

Saint Francis Regional Medical Center, Refunding Series 2014

.000

09/01/27

1,201,187

1,140,000

Shakopee, Minnesota, Health Care Facilities Revenue Bonds,

Saint Francis Regional Medical Center, Refunding Series 2014

.000

09/01/29

1,140,933

TOTAL HEALTH CARE

48,550,390

HOUSING/SINGLE FAMILY - 0.6%

60,000

Dakota County Community Development Agency, Minnesota,

Single Family Mortgage Revenue Bonds, Mortgage Backed

Securities Program, Series 2011A

.400

12/01/26

60,014

120,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2014C

.100

07/01/26

119,999

670,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2020E

.850

01/01/29

632,992

400,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2020E

.900

07/01/29

380,785

1,000,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Social Series 2025F

.600

07/01/40

996,917

TOTAL HOUSING/SINGLE FAMILY

2,190,707

INDUSTRIALS - 0.2%

625,000

Minneapolis, Minnesota, Limited Tax Supported Development

Revenue Bonds, Common Bond Fund Series 2013-1

.000

06/01/28

625,467

TOTAL INDUSTRIALS

625,467

LONG-TERM CARE - 8.7%

250,000

Anoka, Minnesota, Housing Revenue Bonds, The Homestead at

Anoka, Inc. Project, Refunding Series 2017

.000

11/01/46

208,617

1,000,000

Apple Valley, Minnesota, Senior Housing Revenue Bonds,

PHS Apple Valley Senior Housing, Inc. - Orchard Path Project,

Refunding Series 2018

.250

09/01/38

906,775

865,000

Apple Valley, Minnesota, Senior Housing Revenue Bonds, PHS

Apple Valley Senior Housing, Inc. Orchard Path Phase III Project,

Series 2025A

.000

09/01/35

880,170

750,000

Bethel, Minnesota, Housing and Health Care Facilities Revenue

Bonds, Ecumen Obligated Group Series 2024A

.250

03/01/34

755,870

800,000

Brainerd, Minnesota, Senior Housing and Healthcare Revenue

Bonds, Pinecrest of Country Manor Project, Series 2025A

.000

05/01/35

807,038

300,000

Center City, Minnesota, Health Care Facilities Revenue Bonds,

Hazelden Betty Ford Foundation Project, Series 2025B

.000

11/01/34

327,889

315,000

Center City, Minnesota, Health Care Facilities Revenue Bonds,

Hazelden Betty Ford Foundation Project, Series 2025B

.000

11/01/35

339,668

335,000

Center City, Minnesota, Health Care Facilities Revenue Bonds,

Hazelden Betty Ford Foundation Project, Series 2025B

.000

11/01/36

356,761

280,000

Center City, Minnesota, Health Care Facilities Revenue Bonds,

Hazelden Betty Ford Foundation Project, Series 2025B

.000

11/01/37

295,961

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM CARE

(continued)

$

100,000

Chatfield, Minnesota, Healthcare and Housing Facilities Revenue

Bonds, Chosen Valley Care Center Project, Refunding Series

2019

.000

%

09/01/29

$

97,709

100,000

Chatfield, Minnesota, Healthcare and Housing Facilities Revenue

Bonds, Chosen Valley Care Center Project, Refunding Series

2019

.000

09/01/30

96,738

100,000

Chatfield, Minnesota, Healthcare and Housing Facilities Revenue

Bonds, Chosen Valley Care Center Project, Refunding Series

2019

.000

09/01/31

95,365

100,000

Chatfield, Minnesota, Healthcare and Housing Facilities Revenue

Bonds, Chosen Valley Care Center Project, Refunding Series

2019

.000

09/01/32

93,903

155,000

Chatfield, Minnesota, Healthcare and Housing Facilities Revenue

Bonds, Chosen Valley Care Center Project, Refunding Series

2019

.000

09/01/33

143,207

100,000

Chatfield, Minnesota, Healthcare and Housing Facilities Revenue

Bonds, Chosen Valley Care Center Project, Refunding Series

2019

.000

09/01/34

90,803

815,000

Chisago City, Minnesota, Housing and Health Care Revenue

Bonds, CDL Homes, LLC Project, Series 2013B

.000

08/01/33

815,312

325,000

City of Vergas, Minnesota, Housing and Health Care Revenue

Bonds, CDL Homes, LLC Project, Refunding Series 2016

.000

08/01/31

299,975

235,000

Cold Spring, Minnesota, Health Care Facilities Revenue Bonds,

Assumption Home, Inc., Refunding Series 2017

.450

03/01/31

232,673

200,000

Cold Spring, Minnesota, Health Care Facilities Revenue Bonds,

Assumption Home, Inc., Refunding Series 2018

.500

09/01/33

193,938

680,000

Columbus, Minnesota, Senior Housing Revenue Bonds, Richfield

Senior Housing, Inc., Refunding Series 2015

.600

01/01/27

669,731

500,000

Columbus, Minnesota, Senior Housing Revenue Bonds, Richfield

Senior Housing, Inc., Refunding Series 2015

.000

01/01/34

449,257

1,000,000

Cuyuna Range Hospital District, Minnesota, Health Care Facilities

Revenue Bonds, Crosby Senior Service Care Center, Series 2023

.500

05/01/43

980,465

2,385,000

(a) Dakota County Community Development Agency, Minnesota,

Senior Housing Revenue Bonds, Walker Highview Hills LLC

Project, Refunding Series 2016A

.875

08/01/29

2,367,076

1,100,000

(a) Dakota County Community Development Agency, Minnesota,

Senior Housing Revenue Bonds, Walker Highview Hills LLC

Project, Refunding Series 2016A

.000

08/01/36

1,088,115

500,000

Dennison, Minnesota, Senior Housing Revenue Bonds, Villages

of Lonsdale, LLC Project, Series 2019

.200

05/01/35

429,999

200,000

Maple Plain, Minnesota Senior Housing and Healthcare Revenue

Bonds, Haven Homes, Inc. Project, Series 2019

.000

07/01/32

193,486

100,000

Mapleton, Minnesota, Healthcare Facility Revenue Bonds,

Mapleton Community Home, Refunding Series 2019

.750

05/01/34

89,080

425,000

Minneapolis, Minnesota, Senior Housing and Healthcare

Revenue Bonds, Ecumen Abiitan Mill City Project, Series 2015

.750

11/01/28

425,015

750,000

Minneapolis, Minnesota, Senior Housing and Healthcare

Revenue Bonds, Ecumen Abiitan Mill City Project, Series 2015

.250

11/01/45

671,010

775,000

Rochester, Minnesota, Health Care and Housing Revenue Bonds,

Samaritan Bethany, Inc. Project, Refunding Series 2017A

.875

08/01/26

767,495

805,000

Rochester, Minnesota, Health Care and Housing Revenue Bonds,

Samaritan Bethany, Inc. Project, Refunding Series 2017A

.000

08/01/27

790,872

2,000,000

Rochester, Minnesota, Health Care and Housing Revenue Bonds,

Samaritan Bethany, Inc. Project, Refunding Series 2017A

.000

08/01/30

1,899,798

405,000

Saint Joseph, Minnesota, Senior Housing and Healthcare

Revenue Bonds, Woodcrest of Country Manor Project, Series

2019 A

.000

07/01/33

389,735

1,000,000

Saint Louis Park, Minnesota, Health Care Facilities Revenue

Bonds, Mount Olivet Careview Home Project, Series 2016B

.350

06/01/36

915,047

2,190,000

Saint Paul Housing and Redevelopment Authority Minnesota,

Senior Housing and Health Care Revenue Bonds, Episcopal

Homes Project, Series 2013

.000

05/01/33

2,132,652

1,015,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Revenue Bonds, Amherst H. Wilder Foundation Project,

Refunding Series 2020A

.000

12/01/26

1,033,373

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota Intermediate

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM CARE

(continued)

$

1,575,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Revenue Bonds, Amherst H. Wilder Foundation Project,

Refunding Series 2020A

.000

%

12/01/36

$

1,607,406

160,000

(a) Saint Paul Housing and Redevelopment Authority, Minnesota,

Senior Housing and Health Care Revenue Bonds, Episcopal

Church Homes Project, Refunding Senior Series 2021A

.100

11/01/31

146,294

625,000

(a) Saint Paul Housing and Redevelopment Authority, Minnesota,

Senior Housing and Health Care Revenue Bonds, Episcopal

Church Homes Project, Refunding Senior Series 2021A

.150

11/01/32

561,263

550,000

Saint Paul Park, Minnesota, Senior Housing and Health Care

Revenue Bonds, Presbyterian Homes Bloomington Project,

Refunding Series 2017

.700

09/01/28

545,370

350,000

Saint Paul Park, Minnesota, Senior Housing and Health Care

Revenue Bonds, Presbyterian Homes Bloomington Project,

Refunding Series 2017

.800

09/01/29

347,253

565,000

Saint Paul Park, Minnesota, Senior Housing and Health Care

Revenue Bonds, Presbyterian Homes Bloomington Project,

Refunding Series 2017

.900

09/01/30

559,418

320,000

Saint Paul Park, Minnesota, Senior Housing and Health Care

Revenue Bonds, Presbyterian Homes Bloomington Project,

Refunding Series 2017

.125

09/01/34

308,713

685,000

Sartell, Minnesota, Health Care Facilities Revenue Bonds, Country

Manor Campus LLC Project, Refunding Series 2017

.000

09/01/27

694,067

2,295,000

Sauk Rapids, Minnesota, Health Care and Housing Facilities

Revenue Bonds, Good Shepherd Luthran Home, Refunding

Series 2013

.125

01/01/39

1,950,369

60,000

Scanlon, Minnesota, Health Care Facilities Revenue Bonds,

Duluth Health Services Project, Refunding Series 2020

.700

03/01/26

58,958

335,000

Scanlon, Minnesota, Health Care Facilities Revenue Bonds,

Duluth Health Services Project, Refunding Series 2020

.950

03/01/28

315,610

175,000

Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone

Senior Living Community, Refunding Series 2019

.000

08/01/27

173,101

300,000

Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone

Senior Living Community, Refunding Series 2019

.125

08/01/28

296,286

300,000

Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone

Senior Living Community, Refunding Series 2019

.250

08/01/29

295,719

225,000

Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone

Senior Living Community, Refunding Series 2019

.375

08/01/30

221,075

TOTAL LONG-TERM CARE

30,411,480

TAX OBLIGATION/GENERAL - 30.8%

355,000

Alexandria, Minnesota, General Obligation Bonds, Tax

Abatement Series 2024A

.000

02/01/40

374,979

530,000

Alexandria, Minnesota, General Obligation Bonds, Tax

Abatement Series 2024A

.000

02/01/41

553,826

280,000

Alexandria, Minnesota, General Obligation Bonds, Tax

Abatement Series 2024A

.000

02/01/42

289,367

1,355,000

Anoka-Hennepin Independent School District 11, Coon Rapids,

Minnesota, General Obligation Bonds, School Building Series

2020A

.000

02/01/34

1,275,625

1,405,000

Benson Independent School District 777, Minnesota, General

Obligation Bonds, School Building Series 2018A

.000

02/01/32

1,429,512

3,280,000

Brainerd Independent School District 181, Crow Wing County,

Minnesota, General Obligation Bonds, School Building Series

2018A

.000

02/01/30

3,339,063

1,000,000

Brainerd Independent School District 181, Crow Wing County,

Minnesota, General Obligation Bonds, School Building Series

2018A

.000

02/01/33

1,011,786

2,145,000

Brooklyn Center Independent School District 286, Minnesota,

General Obligation Bonds, School Building Series 2018A

.000

02/01/35

2,161,232

1,720,000

Brooklyn Center Independent School District 286, Minnesota,

General Obligation Bonds, School Building Series 2018A

.000

02/01/37

1,725,369

2,000,000

Buffalo, Minnesota, Water and Sewer Revenue Bonds, Refunding

Series 2014A - BAM Insured

.000

11/01/28

2,000,670

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL

(continued)

$

1,515,000

Dover-Eyota Independent School District 533, Minnesota,

General Obligation Bonds, School Building Facilities

Maintenance Series 2023A

.000

%

02/01/42

$

1,438,843

1,450,000

Dover-Eyota Independent School District 533, Minnesota,

General Obligation Bonds, School Building Facilities

Maintenance Series 2023A

.000

02/01/45

1,334,110

1,270,000

Duluth Independent School District 709, Saint Louis County,

Minnesota, General Obligation Bonds, Capital Appreciation

Series 2021C

.000

02/01/30

1,067,383

2,590,000

Edgerton Independent School District 581, Minnesota, General

Obligation Bonds, School Building Series 2024A

.000

02/01/38

2,773,757

2,460,000

Forest Lake, Washington County, Minnesota, General Obligation

Bonds, Series 2019A

.000

02/01/32

2,556,054

1,725,000

GFW Independent School District No. 2365, Sibley, Renville,

McLeod and Nicollet Counties, Minnesota, General Obligation

School Building Bonds, Series 2023A

.000

02/01/43

1,773,722

1,485,000

Goodhue Independent School District 253, Minnesota, General

Obligation Bonds, School Building Series 2019A

.000

02/01/30

1,520,970

1,345,000

Greenway Independent School District 316, Itasca County,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2019F

.000

02/01/28

1,248,305

2,000,000

Hennepin County Regional Railroad Authority, Minnesota,

General Obligation Bonds, Limited Tax Series 2019A

.000

12/01/37

2,080,143

5,295,000

Hennepin County, Minnesota, General Obligation Bonds, Series

2021A

.000

12/01/33

5,911,550

2,000,000

Hennepin County, Minnesota, General Obligation Bonds, Series

2024A

.000

12/01/43

2,096,742

1,555,000

Independent School District No. 2397, Minnesota, General

Obligation Bonds, School Building Le Sueur-Henderson Series

2022A

.000

02/01/35

1,686,558

1,200,000

Jordan Independent School District 717, Scott County,

Minnesota, General Obligation Bonds, School Building Series

2023A

.000

02/01/37

1,277,820

1,000,000

Jordan Independent School District 717, Scott County,

Minnesota, General Obligation Bonds, School Building Series

2023A

.000

02/01/39

1,039,047

210,000

Medicine Lake, Minnesota, General Obligation Bonds, Series

2024A

.000

02/01/35

217,855

330,000

Medicine Lake, Minnesota, General Obligation Bonds, Series

2024A

.000

02/01/39

331,008

2,595,000

Minneapolis Special School District 1, Hennepin County,

Minnesota, General Obligation Bonds, Long-Term Facilities

Maintenance Series 2017B

.000

02/01/32

2,649,935

1,480,000

Minneapolis, Minnesota, General Obligation Bonds,

Improvement & Various Purpose Series 2018

.000

12/01/33

1,496,254

500,000

Minneapolis, Minnesota, General Obligation Bonds,

Improvement & Various Purpose Series 2018

.000

12/01/35

502,513

3,520,000

(b) Minneapolis, Minnesota, General Obligation Bonds, Series 2025

.000

12/01/38

3,846,554

5,100,000

Minnesota State, General Obligation Bonds, Various Purpose

Series 2021A

.000

09/01/38

5,070,104

5,000,000

Minnesota State, General Obligation Bonds, Various Purpose

Series 2024A

.000

08/01/31

5,663,588

210,000

Minnetonka Independent School District 276, Hennepin County,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2023B

.000

02/01/38

225,394

500,000

Minnetonka Independent School District 276, Hennepin County,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2023B

.000

02/01/44

514,646

225,000

(b) Minnetonka Independent School District 276, Minnesota,

General Obligation Bonds, Facilities Maintenance Series 2025D

.000

01/01/41

237,049

300,000

(b) Minnetonka Independent School District 276, Minnesota,

General Obligation Bonds, Facilities Maintenance Series 2025D

.000

01/01/42

313,703

400,000

(b) Minnetonka Independent School District 276, Minnesota,

General Obligation Bonds, Facilities Maintenance Series 2025D

.000

01/01/43

415,385

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota Intermediate

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL

(continued)

$

2,050,000

North Branch Independent School District 138, Chisago County,

Minnesota, General Obligation Bonds, School Building Series

2017A

.000

%

02/01/30

$

2,096,963

850,000

North Saint Paul-Maplewood-Oakdale Independent School

District 622, Ramsey County, Minnesota, General Obligation

Bonds, Facilities Maintenance Series 2018A

.375

02/01/35

837,710

1,500,000

Osseo Independent School District 279 Hennepin County,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2018B

.000

02/01/34

1,516,497

3,680,000

Pequot Lakes Independent School District 186, Minnesota,

General Obligation Bonds, School Building Series 2025A

.000

02/01/40

3,931,703

1,565,000

Pequot Lakes Independent School District 186, Minnesota,

General Obligation Bonds, School Building Series 2025A

.000

02/01/43

1,629,587

1,035,000

Perham Dent Independent School District 549, Minnesota,

General Obligation Bonds, School Building Series 2016A

.000

02/01/30

1,034,983

880,000

Plainview-Elgin-Millville Independent School District 2899,

Minnesota, General Obligation Bonds, School Building Series

2019A

.000

02/01/32

905,872

2,665,000

Ramsey County, Minnesota, General Obligation Bonds, Capital

Improvement Plan, Series 2023B

.000

02/01/41

2,606,205

1,250,000

Robbinsdale Independent School District 281, Hennepin County,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2018A

.000

02/01/30

1,255,442

2,380,000

Rosemount, Minnesota, General Obligation Bonds, Street

Reconstruction & Capital Improvement Plan, Series 2023A

.000

02/01/45

2,173,889

4,535,000

Roseville Independent School District 623, Ramsey County,

Minnesota, General Obligation Bonds, School Building Series

2018A

.000

02/01/34

4,584,877

1,070,000

Round Lake-Brewster Independent School District 2907,

Minnesota, General Obligation Bonds, School Building Series

2023A

.000

02/01/40

1,125,469

1,100,000

Saint Cloud Independent School District 742, Stearns County,

Minnesota, General Obligation Bonds, Series 2015A

.000

02/01/30

1,101,068

1,145,000

Saint Louis County, Minnesota, General Obligation Bonds,

Transportation Sales & Use Tax Series 2025A

.000

12/01/37

1,260,128

1,075,000

Saint Louis Park Independent School District 283, Hennepin

County, Minnesota, General Obligation Bonds, School Building

Series 2022A

.000

02/01/37

1,139,297

1,225,000

Saint Michael Independent School District 885, Wright County,

Minnesota, General Obligation Bonds, School Building Series

2017A

.200

02/01/32

1,226,674

435,000

Sartell Independent School District 748, Stearns County,

Minnesota, General Obligation Bonds, School Building Series

2025A

.000

02/01/43

452,541

1,700,000

Sartell, Minnesota, General Obligation Bonds, Series 2022A

.000

02/01/39

1,692,432

1,330,000

South Washington County Independent School District 833,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2018A

.000

02/01/31

1,349,781

2,000,000

South Washington County Independent School District 833,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2022A

.000

02/01/35

2,034,697

5,215,000

South Washington County Independent School District 833,

Minnesota, General Obligation Bonds, Refunding Facilities

Maintenance Series 2024A

.000

02/01/42

4,844,777

2,000,000

South Washington County Independent School District 833,

Minnesota, General Obligation Bonds, School Building Series

2016A

.000

02/01/29

2,010,513

915,000

Southland Independent School District 500, Minnesota, General

Obligation Bonds, School Building Series 2019A

.000

02/01/31

932,179

975,000

Todd Morrison and Stern Counties, Minnesota, Independent

School District, General Obligation Bonds, Facilities Maintenance

and Refunding Series 2024A

.000

02/01/35

1,063,205

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL

(continued)

$

2,415,000

Watertown-Mayer Independent School District 111, Carver,

Hennepin and Wright Counties, Minnesota, General Obligation

Bonds, School Building Series 2020A

.000

%

02/01/31

$

1,978,553

TOTAL TAX OBLIGATION/GENERAL

108,235,463

TAX OBLIGATION/LIMITED - 11.2%

1,485,000

Commissioner of Iron Range Resource and Rehabilitation,

Minnesota, Educational Facilities Revenue Bonds, Series 2023A

.000

10/01/42

1,548,299

55,000

Elbow Lake Economic Development Authority, Minnesota, Lease

Revenue Bonds, Grant County Public Project, Series 2017A

.000

12/15/37

50,205

2,570,000

Marshall, Minnesota, Education Services Facility, Lease Revenue

Bonds, Southwest West Central Service Cooperatives, Series

2024A

.000

02/01/37

2,591,027

1,000,000

Minneapolis Special School District 1, Hennepin County,

Minnesota, Certificates of Participation, Full Term Series 2017C

.000

02/01/30

1,029,878

500,000

Minneapolis, Minnesota, Tax Increment Revenue Bonds, Ivy

Tower Project, Series 2015

.000

03/01/29

500,200

2,000,000

Minnesota Department of Iron Range Resource and

Rehabilitation, Revenue Bonds, Series 2024A

.000

10/01/43

2,089,937

960,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2018D

.000

08/01/34

978,401

3,105,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2020B

.000

08/01/32

3,247,392

205,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021B

.000

08/01/37

181,034

3,295,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021C

.000

08/01/39

3,220,616

2,385,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021C

.000

08/01/40

2,246,483

2,000,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2022C

.000

08/01/42

2,057,568

1,375,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2023A

.000

08/01/43

1,416,501

1,185,000

Minnesota Housing Finance Agency, Nonprofit Housing Bonds,

State Appropriation Series 2011

.250

08/01/27

1,191,516

445,000

New London Economic Development Authority, Minnesota,

Public Project Lease Revenue Bonds, SWWC Service Cooperative

Lease With Option to Purchase Project, Series 2023

.000

02/01/27

454,303

470,000

New London Economic Development Authority, Minnesota,

Public Project Lease Revenue Bonds, SWWC Service Cooperative

Lease With Option to Purchase Project, Series 2023

.000

02/01/28

486,104

605,000

Northeast Metropolitan Intermediate School District 916, White

Bear Lake, Minnesota, Certificates of Participation, Series 2015B

.125

02/01/29

605,165

350,000

Northeast Metropolitan Intermediate School District 916, White

Bear Lake, Minnesota, Certificates of Participation, Series 2015B

.250

02/01/30

350,071

1,045,000

Otsego Economic Development Authority, Minnesota, Lease

Revenue Bonds, Series 2024A

.000

02/01/42

959,965

1,215,000

Roseville Independent School District 623, Ramsey County,

Minnesota, Certificates of Participation, Series 2021A

.000

04/01/30

1,293,717

630,000

Saint Cloud Independent School District 742, Stearns County,

Minnesota, Certificates of Participation, Saint Cloud Area Public

Schools, Series 2017A

.000

02/01/30

631,140

725,000

Saint Cloud Independent School District 742, Stearns County,

Minnesota, Certificates of Participation, Saint Cloud Area Public

Schools, Series 2017A

.000

02/01/38

710,441

1,685,000

Saint Paul Independent School District 625, Ramsey County,

Minnesota, Certificates of Participation, Series 2018B

.250

02/01/33

1,684,834

290,000

Saint Paul Independent School District 625, Ramsey County,

Minnesota, Certificates of Participation, Series 2020C

.000

02/01/36

268,480

1,000,000

Saint Paul Independent School District 625, Ramsey County,

Minnesota, Certificates of Participation, Series 2024A

.000

02/01/37

1,095,116

500,000

Saint Paul Independent School District 625, Ramsey County,

Minnesota, Certificates of Participation, Series 2024A

.000

02/01/38

541,918

1,000,000

Saint Paul Independent School District 625, Ramsey County,

Minnesota, Certificates of Participation, Series 2024A

.000

02/01/39

1,071,327

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota Intermediate

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/LIMITED

(continued)

$

2,500,000

Saint Paul, Minnesota, Sales Tax Revenue Bonds, Neighborhood

and Economic Development Projects, Refunding Series 2024C

.000

%

11/01/42

$

2,596,700

3,500,000

Virginia Housing and Redevelopment Authority, Minnesota,

Health Care Facility Lease Revenue Bonds, Refunding Series

2018A

.000

10/01/29

3,500,341

280,000

Zumbro Education District 6012, Minnesota, Certificates of

Participation Series 2021A

.000

02/01/32

276,389

250,000

Zumbro Education District 6012, Minnesota, Certificates of

Participation Series 2021A

.000

02/01/34

240,982

175,000

Zumbro Education District 6012, Minnesota, Certificates of

Participation Series 2021A

.000

02/01/38

157,976

TOTAL TAX OBLIGATION/LIMITED

39,274,026

TRANSPORTATION - 7.6%

1,000,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019A

.000

01/01/33

1,067,915

1,250,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/28

1,314,355

1,735,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/30

1,848,203

1,000,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/32

1,050,388

1,000,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/44

985,604

3,580,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/49

3,483,619

1,050,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Senior Lien Series 2016C

.000

01/01/34

1,072,748

1,130,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Senior Lien Series 2016C

.000

01/01/41

1,136,366

2,980,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Lien Series

2022B, (AMT)

.000

01/01/29

3,193,697

1,000,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Lien Series

2022B, (AMT)

.000

01/01/32

1,094,616

2,325,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Lien Series

2022B, (AMT)

.000

01/01/33

2,518,008

855,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Lien Series

2022B, (AMT)

.000

01/01/35

906,785

2,000,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Lien Series

2022B, (AMT)

.250

01/01/47

2,016,133

3,000,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Series 2024A,

(AMT)

.000

01/01/43

2,990,164

1,020,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Parking Enterprise Revenue Bonds, Refunding Series 2025A

.250

12/01/41

1,056,488

1,020,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Parking Enterprise Revenue Bonds, Refunding Series 2025A

.250

12/01/42

1,049,085

TOTAL TRANSPORTATION

26,784,174

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITIES - 3.8%

$

475,000

Brainerd, Minnesota, Electric Utility Revenue Bonds, Series

2014A

.000

%

12/01/28

$

475,600

495,000

Brainerd, Minnesota, Electric Utility Revenue Bonds, Series

2014A

.000

12/01/29

495,571

250,000

Guam Government Waterworks Authority, Water and Wastewater

System Revenue Bonds, Series 2025A

.250

07/01/42

257,571

580,000

Hutchinson, Minnesota, Public Utility Revenue Bonds, Refunding

Series 2012A

.000

12/01/25

580,996

670,000

Hutchinson, Minnesota, Public Utility Revenue Bonds, Refunding

Series 2012A

.000

12/01/26

671,085

100,000

Luverne, Minnesota, Electric Revenue Bonds, Series 2018A

.000

12/01/33

101,679

500,000

Minnesota Municipal Power Agency, Electric Revenue Bonds,

Series 2014

.000

10/01/29

501,776

500,000

Minnesota Municipal Power Agency, Electric Revenue Bonds,

Series 2014

.000

10/01/30

501,775

750,000

Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding

Series 2015E

.000

12/01/29

750,708

1,000,000

Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding

Series 2017A

.000

12/01/33

1,029,544

1,070,000

Saint Paul Port Authority, Minnesota, District Energy Revenue

Bonds, Series 2017-4, (AMT)

.000

10/01/40

922,091

100,000

Saint Paul Port Authority, Minnesota, District Energy Revenue

Bonds, Series 2021-1. 501 C3

.000

10/01/27

99,995

1,620,000

Saint Paul Port Authority, Minnesota, District Energy Revenue

Bonds, Series 2024-1

.000

10/01/42

1,642,757

500,000

Sauk Centre Public Utilities Commission, Minnesota, Electric

Revenue Bonds, Series 2024A - AGM Insured

.000

12/01/37

494,008

2,500,000

Southern Minnesota Municipal Power Agency Power Supply

System Revenue Bonds, Series 2015A

.000

01/01/30

2,512,157

1,335,000

Western Minnesota Municipal Power Agency, Minnesota, Power

Supply Revenue Bonds, Refunding Series 2015A

.000

01/01/31

1,345,808

1,000,000

Western Minnesota Municipal Power Agency, Minnesota, Power

Supply Revenue Bonds, Refunding Series 2015A

.000

01/01/33

1,007,763

TOTAL UTILITIES

13,390,884

TOTAL MUNICIPAL BONDS

(Cost $328,034,095)

322,270,535

TOTAL LONG-TERM INVESTMENTS

(Cost $328,034,095)

322,270,535

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 6.4%

X

22,395,000

MUNICIPAL BONDS - 6.4%

X

–

EDUCATION AND CIVIC ORGANIZATIONS - 2.1%

$

7,350,000

(c),(d)

Minneapolis, Minnesota, Revenue Bonds, University Gateway

Project, Variable Rate Demand Obligation Series 1997B

.730

12/01/27

$

7,350,000

TOTAL EDUCATION AND CIVIC ORGANIZATIONS

7,350,000

HEALTH CARE - 3.7%

2,000,000

(c),(d)

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Fairview Health Services, Series 2018A

.950

11/15/48

2,000,000

7,000,000

(c),(d)

Rochester, Minnesota, Health Care Facilities Revenue Bonds,

Mayo Clinic Series 2008B

.650

11/15/38

7,000,000

2,225,000

(c),(d)

Rochester, Minnesota, Health Care Facilities Revenue Bonds,

Mayo Clinic, Series 2025C

.250

11/15/64

2,225,000

1,700,000

(c),(d)

Rochester, Minnesota, Health Care Facilities Revenue Bonds,

Mayo Clinic, Series 2025D

.100

11/15/64

1,700,000

TOTAL HEALTH CARE

12,925,000

HOUSING/SINGLE FAMILY - 0.4%

1,400,000

(c),(d)

Minnesota Housing Finance Agency, Residential Housing Finance

Bonds, Series 2017F

.730

01/01/41

1,400,000

TOTAL HOUSING/SINGLE FAMILY

1,400,000

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota Intermediate

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL - 0.2%

$

220,000

(c),(d)

Hennepin County, Minnesota, General Obligation Bonds, Series

2017B

.690

%

12/01/41

$

220,000

500,000

(c),(d)

Hennepin County, Minnesota, General Obligation Bonds,

Variable Rate Series 2018B

.700

12/01/38

500,000

TOTAL TAX OBLIGATION/GENERAL

720,000

TOTAL MUNICIPAL BONDS

(Cost $22,395,000)

22,395,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $22,395,000)

22,395,000

TOTAL INVESTMENTS - 98.2%

(Cost $350,429,095)

344,665,535

OTHER ASSETS & LIABILITIES, NET - 1.8%

6,184,132

NET ASSETS - 100%

$

350,849,667

AMT

Alternative Minimum Tax

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $7,431,097 or 2.2% of Total Investments.

(b) When-issued or delayed delivery security.

(c) Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of

the security. Coupon rate reflects the rate at period end.

(d) Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term

investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the

reporting period. This rate changes periodically based on market conditions or a specified market index.

Minnesota Intermediate

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Municipal Bonds

$

–

$

322,270,535

$

–

$

322,270,535

Short-Term Investments:

Municipal Bonds

–

22,395,000

–

22,395,000

Total

$

–

$

344,665,535

$

–

$

344,665,535

#### Portfolio of Investments August 31, 2025

#### Minnesota
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 94.7%

X

615,536,046

MUNICIPAL BONDS - 94.7%

X

–

EDUCATION AND CIVIC ORGANIZATIONS - 15.9%

$

130,000

Baytown Township, Minnesota Charter School Lease Revenue

Bonds, Saint Croix Preparatory Academy, Refunding Series

2016A

.250

%

08/01/46

$

103,863

290,000

Bethel, Minnesota, Charter School Lease Revenue Bonds,

Spectrum High School Project, Series 2024

.000

07/01/59

258,498

3,500,000

Brooklyn Center, Minnesota, Charter School Lease Revenue

Bonds, Tesfa International dba Twin Lakes STEM Academy

Project, Series 2021A

.250

06/15/56

2,240,822

100,000

City of Ham Lake, Minnesota, Charter School Lease Revenue

Bonds, DaVinci Academy Project, Series 2016A

.000

07/01/36

95,047

2,000,000

City of Ham Lake, Minnesota, Charter School Lease Revenue

Bonds, DaVinci Academy Project, Series 2016A

.000

07/01/47

1,652,277

675,000

Deephaven, Minnesota, Charter School Lease Revenue Bonds,

Eagle Ridge Academy Project, Series 2015A

.250

07/01/37

675,202

250,000

Deephaven, Minnesota, Charter School Lease Revenue Bonds,

Eagle Ridge Academy Project, Series 2015A

.250

07/01/40

249,999

500,000

Deephaven, Minnesota, Charter School Lease Revenue Bonds,

Eagle Ridge Academy Project, Series 2015A

.500

07/01/50

484,867

3,000,000

(a) Deephaven, Minnesota, Charter School Lease Revenue Bonds,

Seven Hills Preparatory Academy Project, Series 2024A

.125

06/15/61

2,638,994

1,025,000

Forest Lake, Minnesota, Charter School Lease Revenue Bonds,

Lakes International Language Academy, Series 2014A

.750

08/01/44

1,024,959

1,000,000

Forest Lake, Minnesota, Charter School Lease Revenue Bonds,

Lakes International Language Academy, Series 2019A

.375

08/01/50

934,181

100,000

Greenwood, Minnesota, Charter School Lease Revenue Bonds,

Main Street School of Performing Arts Project, Series 2016A

.000

07/01/36

91,919

5,350,000

Ham Lake, Minnesota Charter School Lease Revenue Bonds,

Parnassus Preparatory School Project, Series 2016A

.000

11/01/47

4,855,000

490,000

Hugo, Minnesota, Charter School Lease Revenue Bonds, Noble

Academy Project, Series 2014A

.000

07/01/29

490,259

1,000,000

Hugo, Minnesota, Charter School Lease Revenue Bonds, Noble

Academy Project, Series 2014A

.000

07/01/34

1,000,154

525,000

Hugo, Minnesota, Charter School Lease Revenue Bonds, Noble

Academy Project, Series 2014A

.000

07/01/44

480,142

4,150,000

Independence, Minnesota, Charter School Lease Revenue

Bonds, Beacon Academy Project, Series 2016A

.000

07/01/46

3,479,225

1,415,000

Independence, Minnesota, Charter School Lease Revenue

Bonds, Paladin Career & Technical High School Project, Series

2021A

.000

06/01/51

956,859

1,450,000

Minneapolis, Minnesota, Charter School Lease Revenue Bonds,

Hiawatha Academies Project, Series 2022A

.375

07/01/42

1,246,161

410,000

Minneapolis, Minnesota, Charter School Lease Revenue Bonds,

Northeast College Prep Project, Series 2020A

.000

07/01/40

336,741

100,000

Minneapolis, Minnesota, Charter School Lease Revenue Bonds,

Northeast College Prep Project, Series 2020A

.000

07/01/55

70,739

415,000

Minneapolis, Minnesota, Charter School Lease Revenue Bonds,

Yinghua Academy Project, Series 2013A

.000

07/01/33

415,354

3,815,000

Minneapolis, Minnesota, Charter School Lease Revenue Bonds,

Yinghua Academy Project, Series 2013A

.000

07/01/43

3,815,201

1,260,000

Minneapolis, Minnesota, Charter School Lease Revenue Bonds,

Yinghua Academy Project, Series 2013A

.125

07/01/48

1,260,095

2,345,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Bethel University, Refunding Series 2017

.000

05/01/37

2,260,825

2,200,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Bethel University, Refunding Series 2017

.000

05/01/47

1,898,217

1,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Carleton College, Refunding Series 2017

.000

03/01/37

991,155

5,135,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Carleton College, Series 2023

.000

03/01/48

5,250,384

3,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Carleton College, Series 2023

.000

03/01/53

3,049,073

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

EDUCATION AND CIVIC ORGANIZATIONS

(continued)

$

500,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

College of Saint Scholastica, Inc., Refunding Series 2019

.000

%

12/01/40

$

420,096

125,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Macalester College, Refunding Series 2021

.000

03/01/35

127,564

155,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Macalester College, Refunding Series 2021

.000

03/01/36

157,073

100,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Macalester College, Refunding Series 2021

.000

03/01/37

100,701

1,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Macalester College, Series 201528J

.250

03/01/30

1,000,223

675,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint Catherine University, Refunding Series 2018A

.000

10/01/45

624,246

350,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint John's University, Series 2015-8I

.000

10/01/33

350,476

385,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint John's University, Series 2015-8I

.000

10/01/34

385,504

500,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint John's University, Series 2021

.000

10/01/32

512,937

2,300,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint Olaf College, Series 2016-8-N

.000

10/01/34

2,308,528

975,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint Olaf College, Series 2016-8-N

.000

10/01/35

977,040

1,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint Olaf College, Series 2021

.000

10/01/38

846,067

2,820,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

Saint Olaf College, Series 2021

.000

10/01/50

2,357,015

1,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Green Series 2022A

.000

10/01/38

966,392

575,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Green Series 2022A

.125

10/01/41

541,365

2,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Green Series 2022A

.000

10/01/47

2,000,774

1,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2016-8L

.000

04/01/27

1,014,470

100,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2017A

.000

10/01/36

100,201

1,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2019

.000

10/01/31

1,024,765

2,000,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2019

.000

10/01/40

2,040,403

2,125,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2022B

.000

10/01/39

2,185,816

500,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2022B

.000

10/01/40

472,331

500,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2022B

.125

10/01/42

461,717

1,490,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2022B

.125

10/01/42

1,375,918

4,170,000

Minnesota Higher Education Facilities Authority, Revenue Bonds,

University of Saint Thomas, Series 2024A

.000

10/01/49

4,162,833

645,000

Minnesota Office of Higher Education, Supplemental Student

Loan Program Revenue Bonds, 2020 Senior Series, (AMT)

.650

11/01/38

597,649

1,130,000

Otsego, Minnesota, Charter School Lease Revenue Bonds,

Kaleidoscope Charter School Project, Series 2014A

.000

09/01/44

946,399

155,000

Saint Cloud, Minnesota, Charter School Lease Revenue Bonds,

Stride Academy Project, Series 2016A

.000

04/01/46

120,294

1,000,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Community of Peace

Academy Project, Refunding Series 2015A

.000

12/01/46

915,952

1,600,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Community of Peace

Academy Project, Series 2019

.000

12/01/49

1,234,368

240,000

(a) Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Great River School Project,

Series 2017A

.500

07/01/38

238,509

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

EDUCATION AND CIVIC ORGANIZATIONS

(continued)

$

685,000

(a) Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Great River School Project,

Series 2017A

.500

%

07/01/52

$

618,013

2,500,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Hmong College Prep

Academy Project, Refunding Series 2020A

.000

09/01/55

2,175,869

1,000,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Hmong College Prep

Academy Project, Series 2016A

.750

09/01/46

999,275

500,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Hmong College Prep

Academy Project, Series 2016A

.000

09/01/51

500,158

4,000,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Hope Community

Academy Project, Series 2020A

.000

12/01/55

2,785,062

1,000,000

(a) Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Metro Deaf School Project,

Series 2018A

.000

06/15/48

850,229

1,615,000

(a) Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Metro Deaf School Project,

Series 2018A

.000

06/15/53

1,339,884

730,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Nova Classical Academy,

Refunding Series 2021A

.000

09/01/31

721,515

2,000,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Nova Classical Academy,

Series 2016A

.125

09/01/47

1,610,440

625,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Twin Cities Academy

Project, Series 2015A

.300

07/01/45

586,997

1,030,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Twin Cities Academy

Project, Series 2015A

.375

07/01/50

956,187

1,230,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Twin Cities German

Immersion School Project, Series 2019

.000

07/01/49

1,065,778

2,620,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Twin Cities German

Immersion School Project, Series 2019

.000

07/01/55

2,210,830

420,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Twin Cities German

Immersion School, Series 2013A

.000

07/01/33

420,105

1,450,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Charter School Lease Revenue Bonds, Twin Cities German

Immersion School, Series 2013A

.000

07/01/44

1,296,937

2,135,000

Savage, Minnesota Charter School Lease Revenue Bonds, Aspen

Academy Project, Series 2016A

.000

10/01/41

1,919,437

380,000

Savage, Minnesota Charter School Lease Revenue Bonds, Aspen

Academy Project, Series 2016A

.125

10/01/48

326,149

1,595,000

Spring Lake Park, Minnesota, Charter School Lease Revenue

Bonds, Excell Academy for Higher Learning Inc., Series 2019A

.000

06/15/54

1,356,857

500,000

St. Paul Housing and Redevelopment Authority, Minnesota,

Charter School Revenue Bonds, Higher Ground Academy

Charter School, Series 2018

.000

12/01/43

463,821

500,000

St. Paul Housing and Redevelopment Authority, Minnesota,

Charter School Revenue Bonds, Higher Ground Academy

Charter School, Series 2018

.125

12/01/49

453,544

1,750,000

University of Minnesota, General Obligation Bonds, Refunding

Series 2024A

.000

01/01/43

1,829,953

3,505,000

University of Minnesota, General Obligation Bonds, Series 2019A

.000

04/01/44

3,555,826

20,000

Winona Port Authority, Minnesota, Charter School Lease Revenue

Bonds, Bluffview Montessori School Project, Refunding Series

2016

.750

06/01/46

15,789

2,000,000

(a) Woodbury, Minnesota, Charter School Lease Revenue Bonds,

Math and Science Academy, Refunding Series 2025

.250

06/01/45

1,813,582

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

EDUCATION AND CIVIC ORGANIZATIONS

(continued)

$

300,000

Woodbury, Minnesota, Charter School Lease Revenue Bonds,

Woodbury Leadership Academy, Series 2021A

.000

%

07/01/31

$

289,137

660,000

Woodbury, Minnesota, Charter School Lease Revenue Bonds,

Woodbury Leadership Academy, Series 2021A

.000

07/01/51

464,121

TOTAL EDUCATION AND CIVIC ORGANIZATIONS

103,499,333

HEALTH CARE - 17.2%

500,000

Chippewa County, Minnesota, Gross Revenue Hospital Bonds,

Montevideo Hospital Project, Refunding Series 2016

.000

03/01/32

498,494

2,000,000

Chippewa County, Minnesota, Gross Revenue Hospital Bonds,

Montevideo Hospital Project, Refunding Series 2016

.000

03/01/37

1,870,437

280,000

City of Plato, Minnesota, Health Care Facilities Revenue Bonds,

Glencoe Regional Health Services Project, Series 2017

.000

04/01/26

278,304

485,000

City of Plato, Minnesota, Health Care Facilities Revenue Bonds,

Glencoe Regional Health Services Project, Series 2017

.000

04/01/41

470,482

500,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Essentia Health Obligated Group,

Series 2018A

.000

02/15/37

511,488

580,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Essentia Health Obligated Group,

Series 2018A

.250

02/15/43

523,978

13,115,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Essentia Health Obligated Group,

Series 2018A

.000

02/15/48

12,955,584

3,000,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Essentia Health Obligated Group,

Series 2018A

.000

02/15/53

2,920,060

1,000,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Essentia Health Obligated Group,

Series 2018A

.250

02/15/53

998,117

2,590,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Essentia Health Obligated Group,

Series 2018A

.250

02/15/58

2,554,188

400,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth

Obligated Group, Series 2021A

.000

06/15/34

409,914

175,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth

Obligated Group, Series 2021A

.000

06/15/38

173,578

175,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth

Obligated Group, Series 2021A

.000

06/15/39

170,583

570,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth

Obligated Group, Series 2021A

.000

06/15/44

444,116

450,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth

Obligated Group, Series 2022A, Forward Delivery

.000

06/15/38

445,461

1,250,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Saint Luke's Hospital of Duluth

Obligated Group, Series 2022B

.250

06/15/47

1,273,650

500,000

Glencoe, Minnesota, Health Care Facilities Revenue Bonds,

Glencoe Regional Health Services Project, Series 2013

.000

04/01/27

500,081

760,000

Glencoe, Minnesota, Health Care Facilities Revenue Bonds,

Glencoe Regional Health Services Project, Series 2013

.000

04/01/31

759,748

1,000,000

Maple Grove, Minnesota, Health Care Facilities Revenue

Refunding Bonds, North Memorial Health Care, Series 2015

.000

09/01/35

946,683

425,000

Maple Grove, Minnesota, Health Care Facility Revenue Bonds,

North Memorial Health Care, Series 2017

.000

05/01/31

432,293

430,000

Maple Grove, Minnesota, Health Care Facility Revenue Bonds,

North Memorial Health Care, Series 2017

.000

05/01/32

436,160

2,725,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Allina Health System, Series 2021

.000

11/15/37

2,617,849

10,360,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Allina Health System, Series 2021

.000

11/15/39

9,655,707

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HEALTH CARE

(continued)

$

1,000,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Allina Health System, Series 2021

.000

%

11/15/40

$

923,977

525,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Fairview Health Services, Series 2015A

.000

11/15/26

526,812

485,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Fairview Health Services, Series 2015A

.000

11/15/40

426,743

1,000,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Fairview Health Services, Series 2018A

.000

11/15/35

1,022,345

3,465,000

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Fairview Health Services, Series 2018A

.000

11/15/48

2,817,440

2,000,000

Minneapolis-Saint Paul Housing and Redevelopment Authority,

Minnesota, Health Care System Revenue Bonds, Children's

Health Care, Series 2025

.000

08/15/41

2,077,211

1,250,000

Minneapolis-Saint Paul Housing and Redevelopment Authority,

Minnesota, Health Care System Revenue Bonds, Children's

Health Care, Series 2025

.000

08/15/43

1,278,522

4,660,000

Minnesota Agricultural and Economic Development Board,

Health Care Facilities Revenue Bonds, HealthPartners Obligated

Group, Series 2024

.250

01/01/47

4,719,228

6,415,000

Minnesota Agricultural and Economic Development Board,

Health Care Facilities Revenue Bonds, HealthPartners Obligated

Group, Series 2024

.250

01/01/54

6,402,982

2,600,000

Rochester, Minnesota, Health Care Facilities Revenue Bonds,

Mayo Clinic, Refunding Series 2016B

.000

11/15/36

2,949,810

2,500,000

Rochester, Minnesota, Health Care Facilities Revenue Bonds,

Mayo Clinic, Series 2022

.000

11/15/57

2,507,321

4,895,000

Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare

Health System, Series 2016A

.000

05/01/46

4,854,899

9,410,000

Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare

Health System, Series 2019

.000

05/01/48

9,206,135

2,500,000

Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare

Health System, Series 2024

.000

05/01/50

2,107,447

3,450,000

Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare

Health System, Series 2024

.000

05/01/54

3,395,077

4,075,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Facility Revenue Bonds, HealthPartners Obligated

Group, Refunding Series 2015A

.000

07/01/35

4,009,532

5,645,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Facility Revenue Bonds, HealthPartners Obligated

Group, Refunding Series 2025

.000

07/01/32

6,230,592

2,135,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Revenue Bonds, Fairview Health Services, Series

2017A

.000

11/15/27

2,222,818

600,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Revenue Bonds, Fairview Health Services, Series

2017A

.000

11/15/36

573,562

640,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Revenue Bonds, Fairview Health Services, Series

2017A

.000

11/15/37

599,417

2,830,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Revenue Bonds, Fairview Health Services, Series

2017A

.000

11/15/43

2,360,400

2,500,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Health Care Revenue Bonds, Fairview Health Services, Series

2017A

.000

11/15/47

2,412,734

1,100,000

Saint Paul Port Authority, Minnesota, Lease Revenue Bonds,

Regions Hospital Parking Ramp Project, Series 2007-1

.000

08/01/36

1,100,365

1,980,000

Shakopee, Minnesota, Health Care Facilities Revenue Bonds,

Saint Francis Regional Medical Center, Refunding Series 2014

.000

09/01/31

1,980,003

1,410,000

Shakopee, Minnesota, Health Care Facilities Revenue Bonds,

Saint Francis Regional Medical Center, Refunding Series 2014

.000

09/01/34

1,410,320

1,900,000

Wadena, Minnesota, Revenue Bonds, Wadena Cancer Center

Project, Series 2024A

.000

12/01/45

1,900,332

TOTAL HEALTH CARE

111,862,979

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HOUSING/MULTIFAMILY - 0.3%

$

2,285,000

Rochester, Minnesota, Multifamily Housing Revenue Bonds,

Essex Place Apartments Project, Series 2012A

.750

%

06/01/29

$

2,285,334

TOTAL HOUSING/MULTIFAMILY

2,285,334

HOUSING/SINGLE FAMILY - 1.1%

35,000

Minneapolis-Saint Paul Housing Finance Board, Minnesota,

Single Family Mortgage Revenue Bonds, City Living Series

2007A-2, (AMT)

.520

03/01/41

35,036

365,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2016A, (AMT)

.200

01/01/33

338,160

370,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2020A, (AMT)

.700

07/01/26

363,924

220,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2020D, (AMT)

.625

01/01/26

218,482

205,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2020D, (AMT)

.650

07/01/26

201,512

460,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2020H, (AMT)

.100

07/01/26

450,337

460,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2020H, (AMT)

.350

07/01/27

438,671

380,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2021A, (AMT)

.550

01/01/28

360,471

390,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2021A, (AMT)

.600

07/01/28

369,539

485,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2021A, (AMT)

.750

01/01/29

446,946

485,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2021A, (AMT)

.800

07/01/29

441,507

245,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2021A, (AMT)

.900

01/01/30

219,856

240,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2021A, (AMT)

.950

07/01/30

212,725

100,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Social Series 2024L

.150

07/01/38

97,190

1,385,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Social Series 2025F

.850

07/01/45

1,369,520

1,355,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Social Series 2025F

.900

07/01/48

1,341,914

TOTAL HOUSING/SINGLE FAMILY

6,905,790

INDUSTRIALS - 0.3%

2,250,000

(a) Saint Paul Port Authority, Minnesota, Solid Waste Disposal

Revenue Bonds, Gerdau Saint Paul Steel Mill Project, Series 2012-

7, (AMT)

.500

10/01/37

2,102,978

TOTAL INDUSTRIALS

2,102,978

LONG-TERM CARE - 7.3%

2,090,000

Anoka, Minnesota, Health Care and Housing Facility Revenue

Bonds, The Homestead at Anoka, Inc. Project, Series 2014

.125

11/01/49

1,732,236

225,000

Apple Valley, Minnesota Senior Housing Revenue Bonds, PHS

Apple Valley Senior Housing, Inc. - Orchard Path Phase II Project,

Series 2021

.000

09/01/26

225,154

240,000

Apple Valley, Minnesota Senior Housing Revenue Bonds, PHS

Apple Valley Senior Housing, Inc. - Orchard Path Phase II Project,

Series 2021

.000

09/01/28

241,004

270,000

Apple Valley, Minnesota Senior Housing Revenue Bonds, PHS

Apple Valley Senior Housing, Inc. - Orchard Path Phase II Project,

Series 2021

.000

09/01/31

266,862

1,000,000

Apple Valley, Minnesota, Senior Housing Revenue Bonds,

PHS Apple Valley Senior Housing, Inc. - Orchard Path Project,

Refunding Series 2018

.000

09/01/43

931,605

475,000

Apple Valley, Minnesota, Senior Housing Revenue Bonds, PHS

Apple Valley Senior Housing, Inc. Orchard Path Phase III Project,

Series 2025A

.375

09/01/45

459,479

1,000,000

Bethel, Minnesota, Housing and Health Care Facilities Revenue

Bonds, Ecumen Obligated Group Series 2024A

.125

03/01/49

921,610

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM CARE

(continued)

$

2,500,000

Brainerd, Minnesota, Senior Housing and Healthcare Revenue

Bonds, Pinecrest of Country Manor Project, Series 2025A

.500

%

05/01/45

$

2,370,271

1,165,000

Center City, Minnesota, Health Care Facilities Revenue Bonds,

Hazelden Betty Ford Foundation Project, Series 2025B

.000

11/01/44

1,169,903

1,000,000

Center City, Minnesota, Health Care Facilities Revenue Bonds,

Hazelden Betty Ford Foundation Project, Series 2025B

.000

11/01/47

974,745

500,000

Chatfield, Minnesota, Healthcare and Housing Facilities Revenue

Bonds, Chosen Valley Care Center Project, Refunding Series

2019

.000

09/01/44

421,648

1,500,000

Chatfield, Minnesota, Healthcare and Housing Facilities Revenue

Bonds, Chosen Valley Care Center Project, Refunding Series

2019

.000

09/01/52

1,173,146

1,500,000

Chisago City, Minnesota, Housing and Health Care Revenue

Bonds, CDL Homes, LLC Project, Series 2013B

.000

08/01/43

1,458,200

1,500,000

City of West Saint Paul, Minnesota Housing and Health Care

Facilities Revenue Refunding Bonds, Walker Westwood Ridge

Campus Project, Series 2017

.000

11/01/49

1,281,945

250,000

Cloquet, Minnesota, Housing Facilities Revenue Bonds, HADC

Cloquet LLC Project, Refunding Series 2021

.400

08/01/36

199,004

700,000

Cloquet, Minnesota, Housing Facilities Revenue Bonds, HADC

Cloquet LLC Project, Refunding Series 2021

.000

08/01/41

523,357

200,000

Cloquet, Minnesota, Housing Facilities Revenue Bonds, HADC

Cloquet LLC Project, Refunding Series 2021

.000

08/01/48

132,959

1,180,000

Cold Spring, Minnesota, Health Care Facilities Revenue Bonds,

Assumption Home, Inc., Refunding Series 2013

.200

03/01/43

1,039,068

575,000

Columbus, Minnesota, Senior Housing Revenue Bonds, Richfield

Senior Housing, Inc., Refunding Series 2015

.250

01/01/40

469,191

1,175,000

Columbus, Minnesota, Senior Housing Revenue Bonds, Richfield

Senior Housing, Inc., Refunding Series 2015

.250

01/01/46

887,487

500,000

Cuyuna Range Hospital District, Minnesota, Health Care Facilities

Revenue Bonds, Crosby Senior Service Care Center, Series 2023

.500

05/01/43

490,232

1,250,000

Cuyuna Range Hospital District, Minnesota, Health Care Facilities

Revenue Bonds, Crosby Senior Service Care Center, Series 2023

.500

05/01/48

1,185,412

1,195,000

(a) Dakota County Community Development Agency, Minnesota,

Senior Housing Revenue Bonds, Walker Highview Hills LLC

Project, Refunding Series 2016A

.000

08/01/46

1,056,033

500,000

Dennison, Minnesota, Senior Housing Revenue Bonds, Villages

of Lonsdale, LLC Project, Series 2019

.600

05/01/44

364,589

400,000

Maple Plain, Minnesota Senior Housing and Healthcare Revenue

Bonds, Haven Homes, Inc. Project, Series 2019

.100

07/01/34

381,568

1,250,000

Maple Plain, Minnesota Senior Housing and Healthcare Revenue

Bonds, Haven Homes, Inc. Project, Series 2019

.000

07/01/54

1,052,838

200,000

Mapleton, Minnesota, Healthcare Facility Revenue Bonds,

Mapleton Community Home, Refunding Series 2019

.000

05/01/39

163,642

1,500,000

Minneapolis, Minnesota, Senior Housing and Healthcare

Revenue Bonds, Ecumen Abiitan Mill City Project, Series 2015

.250

11/01/45

1,342,020

300,000

Morris, Minnesota, Health Care Facilities Revenue Bonds,

Farmington Health Services Project, Refunding Series 2019

.400

08/01/28

289,047

2,000,000

North Oaks, Minnesota, Senior Housing Revenue Bonds, Waverly

Gardens Project, Refunding Series 2016

.000

10/01/47

1,825,217

1,285,000

Saint Joseph, Minnesota, Senior Housing and Healthcare

Revenue Bonds, Woodcrest of Country Manor Project, Series

2019 A

.000

07/01/55

1,093,589

2,000,000

Saint Louis Park, Minnesota, Health Care Facilities Revenue

Bonds, Mount Olivet Careview Home Project, Series 2016B

.900

06/01/49

1,652,144

25,000

Saint Louis Park, Minnesota, Health Care Facilities Revenue

Bonds, Mount Olivet Careview Home Project, Series 2016C

.150

06/01/28

24,245

1,000,000

Saint Paul Housing & Redevelopment Authority, Minnesota,

Revenue Bonds, Rossy & Richard Shaller Family Sholom East

Campus, Series 2018

.000

10/01/43

857,412

4,000,000

Saint Paul Housing and Redevelopment Authority, Minnesota

Senior Housing and Health Care Revenue Bonds, Carondelet

Village Project, Series 2016A

.000

12/01/41

3,874,841

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM CARE

(continued)

$

1,175,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Revenue Bonds, Amherst H. Wilder Foundation Project,

Refunding Series 2020A

.000

%

12/01/29

$

1,244,129

300,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Revenue Bonds, Amherst H. Wilder Foundation Project,

Refunding Series 2020A

.000

12/01/30

319,113

1,750,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Revenue Bonds, Amherst H. Wilder Foundation Project,

Refunding Series 2020A

.000

12/01/36

1,786,007

450,000

(a) Saint Paul Housing and Redevelopment Authority, Minnesota,

Senior Housing and Health Care Revenue Bonds, Episcopal

Church Homes Project, Refunding Senior Series 2021A

.000

11/01/34

414,124

1,015,000

(a) Saint Paul Housing and Redevelopment Authority, Minnesota,

Senior Housing and Health Care Revenue Bonds, Episcopal

Church Homes Project, Refunding Senior Series 2021A

.000

11/01/42

802,327

400,000

Saint Paul Park, Minnesota, Senior Housing and Health Care

Revenue Bonds, Presbyterian Homes Bloomington Project,

Refunding Series 2017

.000

09/01/32

391,040

500,000

Saint Paul Park, Minnesota, Senior Housing and Health Care

Revenue Bonds, Presbyterian Homes Bloomington Project,

Refunding Series 2017

.100

09/01/33

487,879

315,000

Saint Paul Park, Minnesota, Senior Housing and Health Care

Revenue Bonds, Presbyterian Homes Bloomington Project,

Refunding Series 2017

.200

09/01/36

294,788

300,000

Saint Paul Park, Minnesota, Senior Housing and Health Care

Revenue Bonds, Presbyterian Homes Bloomington Project,

Refunding Series 2017

.250

09/01/37

277,820

1,000,000

Saint Paul Park, Minnesota, Senior Housing and Health Care

Revenue Bonds, Presbyterian Homes Bloomington Project,

Refunding Series 2017

.000

09/01/42

944,137

600,000

Sartell, Minnesota, Health Care and Housing Facilities Revenue

Bonds, Country Manor Campus LLC Project, Series 2022A

.000

09/01/35

590,602

2,295,000

Sauk Rapids, Minnesota, Health Care and Housing Facilities

Revenue Bonds, Good Shepherd Luthran Home, Refunding

Series 2013

.125

01/01/39

1,950,369

650,000

Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone

Senior Living Community, Refunding Series 2019

.000

08/01/49

603,104

5,000,000

Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone

Senior Living Community, Refunding Series 2019

.000

08/01/54

4,540,324

TOTAL LONG-TERM CARE

47,177,466

TAX OBLIGATION/GENERAL - 24.4%

1,355,000

Anoka-Hennepin Independent School District 11, Coon Rapids,

Minnesota, General Obligation Bonds, School Building Series

2020A

.000

02/01/43

1,027,846

2,105,000

Bemidji, Minnesota, General Obligation Bonds, Refunding Sales

Tax Series 2017A - AGM Insured

.000

02/01/29

2,179,161

5,000,000

Bird Island-Olivia-Lake Lillian Independent School District 2534,

Minnesota, General Obligation Bonds, School Building Series

2024A

.000

02/01/49

5,108,062

5,630,000

Bird Island-Olivia-Lake Lillian Independent School District 2534,

Minnesota, General Obligation Bonds, School Building Series

2024A

.000

02/01/54

5,717,408

200,000

Brainerd Independent School District 181, Crow Wing County,

Minnesota, General Obligation Bonds, School Building Series

2018A

.000

02/01/42

192,231

3,600,000

Brainerd Independent School District 181, Crow Wing County,

Minnesota, General Obligation Bonds, School Building Series

2018A

.000

02/01/43

3,365,686

1,090,000

Brooklyn Center Independent School District 286, Minnesota,

General Obligation Bonds, School Building Series 2018A

.000

02/01/36

1,094,670

1,880,000

Brooklyn Center Independent School District 286, Minnesota,

General Obligation Bonds, School Building Series 2018A

.000

02/01/38

1,883,670

2,715,000

Brooklyn Center Independent School District 286, Minnesota,

General Obligation Bonds, School Building Series 2018A

.000

02/01/41

2,649,076

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL

(continued)

$

2,260,000

Brooklyn Center Independent School District 286, Minnesota,

General Obligation Bonds, School Building Series 2018A

.000

%

02/01/42

$

2,146,394

3,000,000

Carlton County, Minnesota, General Obligation Bonds,

Minnesota State Credit Enhancement Program Series 2022A

.000

02/01/47

2,655,704

1,160,000

Chisago Lakes, Minnesota, Independent School District 2144,

General Obligation Bonds, School Building Series 2017A

.000

02/01/32

1,161,516

1,050,000

Cold Spring, Minnesota, General Obligation Bonds, Capital

Improvement Plan Series 2024A - BAM Insured

.000

02/01/54

886,554

625,000

Corcoran, Minnesota, General Obligation Bonds, Series 2023A -

BAM Insured

.000

02/01/40

614,599

3,605,000

Corcoran, Minnesota, General Obligation Bonds, Series 2023A -

BAM Insured

.000

02/01/48

3,190,405

1,145,000

Dawson-Boyd Independent School District 378, Yellow Medicine

County, Minnesota, General Obligation Bonds, School Building

Series 2019A

.000

02/01/31

1,175,832

1,145,000

Dawson-Boyd Independent School District 378, Yellow Medicine

County, Minnesota, General Obligation Bonds, School Building

Series 2019A

.000

02/01/32

1,169,775

1,225,000

Dover-Eyota Independent School District 533, Minnesota,

General Obligation Bonds, School Building Facilities

Maintenance Series 2023A

.000

02/01/44

1,135,834

500,000

Dover-Eyota Independent School District 533, Minnesota,

General Obligation Bonds, School Building Facilities

Maintenance Series 2023A

.000

02/01/45

460,038

1,325,000

Duluth Independent School District 709, Saint Louis County,

Minnesota, General Obligation Bonds, Capital Appreciation

Series 2021C

.000

02/01/31

1,059,914

1,480,000

Duluth Independent School District 709, Saint Louis County,

Minnesota, General Obligation Bonds, Capital Appreciation

Series 2021C

.000

02/01/32

1,122,944

535,000

Duluth Independent School District 709, Saint Louis County,

Minnesota, General Obligation Bonds, Capital Appreciation

Series 2021C

.000

02/01/33

383,900

1,115,000

Edgerton Independent School District 581, Minnesota, General

Obligation Bonds, School Building Series 2024A

.000

02/01/43

1,031,872

480,000

Fridley, Minnesota, General Obligation Bonds, Capital

Improvement Plan, Series 2017

.250

02/01/34

470,489

1,090,000

GFW Independent School District No. 2365, Sibley, Renville,

McLeod and Nicollet Counties, Minnesota, General Obligation

School Building Bonds, Series 2023A

.000

02/01/41

1,132,570

2,450,000

GFW Independent School District No. 2365, Sibley, Renville,

McLeod and Nicollet Counties, Minnesota, General Obligation

School Building Bonds, Series 2023A

.000

02/01/48

2,480,747

700,000

Greenway Independent School District 316, Itasca County,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2019F

.000

02/01/30

604,871

705,000

Hawley Independent School District 150, Clay County,

Minnesota, General Obligation Bonds, School Building Series

2023A

.000

02/01/39

729,328

2,000,000

Hennepin County, Minnesota, General Obligation Bonds,

Refunding Series 2022B

.000

12/01/39

2,139,706

3,000,000

Hennepin County, Minnesota, General Obligation Bonds, Sales

Tax Series 2020C

.000

12/15/38

3,137,913

1,000,000

Hennepin County, Minnesota, General Obligation Bonds, Series

2020A

.000

12/01/36

1,076,216

3,000,000

Hennepin County, Minnesota, General Obligation Bonds, Series

2024A

.000

12/01/42

3,163,356

7,755,000

Hennepin County, Minnesota, General Obligation Bonds, Series

2024A

.000

12/01/43

8,130,117

1,935,000

Independent School District No. 115, Cass Lake-Bena Public

Schools, Minnesota, Cass Beltrami and Hubbard Counties,

General Obligation School Building Bonds, Series 2023A

.000

02/01/37

2,070,292

1,145,000

Independent School District No. 2397, Minnesota, General

Obligation Bonds, School Building Le Sueur-Henderson Series

2022A

.000

02/01/36

1,233,096

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL

(continued)

$

600,000

Jordan Independent School District 717, Scott County,

Minnesota, General Obligation Bonds, School Building Series

2023A

.000

%

02/01/38

$

630,792

1,585,000

Kerkoven, Murdock, and Sunburg Independent School District

775, Swift County, Minnesota, General Obligation Bonds, School

Building Series 2024A

.000

02/01/41

1,680,318

500,000

La Crescent-Hokah Independent School District 300, Houston

and Winona Counties, Minnesota, General Obligation Bonds,

School Building & Maintenance Series 2019A

.000

02/01/30

511,414

660,000

Madison, Minnesota, General Obligation Bonds, Refunding

Series 2015A - AGM Insured

.600

01/01/35

646,479

500,000

Madison, Minnesota, General Obligation Bonds, Refunding

Series 2015A - AGM Insured

.000

01/01/45

450,439

1,315,000

Maple River Independent School District 2135, Minnesota,

General Obligation Bonds, School Building Series 2020A

.000

02/01/38

1,321,808

3,500,000

Maple River Independent School District 2135, Minnesota,

General Obligation Bonds, School Building Series 2020A

.000

02/01/50

3,055,525

1,590,000

Medicine Lake, Minnesota, General Obligation Bonds, Series

2024A

.000

02/01/54

1,410,786

1,430,000

Minneapolis Special School District 1, Hennepin County,

Minnesota, General Obligation Bonds, Building Series 2023A

.000

02/01/43

1,488,582

2,645,000

Minneapolis Special School District 1, Hennepin County,

Minnesota, General Obligation Bonds, Long Term Facilities

Maintenance Series 2023B

.000

02/01/43

2,753,357

2,780,000

Minneapolis Special School District 1, Hennepin County,

Minnesota, General Obligation Bonds, Long Term Facilities

Maintenance Series 2023B

.000

02/01/44

2,886,407

1,430,000

Minneapolis Special School District 1, Hennepin County,

Minnesota, General Obligation Bonds, School Building Series

2022A

.000

02/01/43

1,476,871

2,195,000

Minneapolis, Minnesota, General Obligation Bonds,

Improvement & Various Purpose Series 2018

.000

12/01/35

2,206,034

2,000,000

Minneapolis, Minnesota, General Obligation Bonds, Series 2023

.000

12/01/39

2,120,374

5,000,000

Minnesota State, General Obligation Bonds, State Trunk Highway

Series 2024B

.000

08/01/26

5,124,164

2,975,000

Minnesota State, General Obligation Bonds, Various Purpose

Series 2018A

.000

08/01/35

3,119,531

4,705,000

Minnesota State, General Obligation Bonds, Various Purpose

Series 2021A

.000

09/01/30

5,277,703

2,000,000

Minnesota State, General Obligation Bonds, Various Purpose

Series 2023A

.000

08/01/41

2,125,624

7,500,000

Minnesota State, General Obligation Bonds, Various Purpose

Series 2024A

.000

08/01/44

7,844,672

325,000

Minnetonka Independent School District 276, Hennepin County,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2023B

.000

02/01/40

342,411

500,000

Minnetonka Independent School District 276, Hennepin County,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2023B

.000

02/01/42

519,785

300,000

(b) Minnetonka Independent School District 276, Minnesota,

General Obligation Bonds, Facilities Maintenance Series 2025D

.250

01/01/46

312,970

340,000

(b) Minnetonka Independent School District 276, Minnesota,

General Obligation Bonds, Facilities Maintenance Series 2025D

.250

01/01/47

353,807

1,290,000

Moorhead Independent School District 152, Clay County,

Minnesota, General Obligation Bonds, School Building Series

2020A

.000

02/01/43

1,038,805

1,100,000

Moorhead Independent School District 152, Clay County,

Minnesota, General Obligation Bonds, School Building Series

2020A

.000

02/01/44

875,915

1,250,000

Mounds View Independent School District 621, Ramsey County,

Minnesota, General Obligation Bonds, School Building Series

2018A

.000

02/01/42

1,228,846

2,000,000

North Saint Paul-Maplewood-Oakdale Independent School

District 622, Ramsey County, Minnesota, General Obligation

Bonds, Facilities Maintenance Series 2018A

.375

02/01/35

1,971,081

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL

(continued)

$

530,000

Pillager Independent School District 116, Cass and Morrison

Counties, Minnesota, General Obligation Bonds, School Building

Series 2019A

.000

%

02/01/33

$

524,037

1,245,000

Ramsey County, Minnesota, General Obligation Bonds, Capital

Improvement Plan, Series 2023B

.000

02/01/40

1,234,382

1,795,000

Red Lake County, Minnesota, General Obligation School Building

Bonds, Independent School District No. 2906, Series 2022A

.000

02/01/38

1,797,829

4,000,000

Richfield Independent School District 280, Hennepin County,

Minnesota, General Obligation Bonds, School Buildings Series

2018A

.000

02/01/40

3,978,827

1,250,000

Robbinsdale Independent School District 281, Hennepin County,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2018A

.000

02/01/30

1,255,442

4,000,000

Roseville Independent School District 623, Ramsey County,

Minnesota, General Obligation Bonds, School Building Series

2018A

.000

02/01/34

4,043,993

1,020,000

Round Lake-Brewster Independent School District 2907,

Minnesota, General Obligation Bonds, School Building Series

2023A

.000

02/01/39

1,080,881

1,285,000

Round Lake-Brewster Independent School District 2907,

Minnesota, General Obligation Bonds, School Building Series

2023A

.000

02/01/42

1,204,766

1,700,000

Russell-Tyler-Ruthton Public Schools Independent School District

2902, Minnesota, General Obligation Bonds, Series 2019A

.000

02/01/31

1,781,401

800,000

Saint Cloud Independent School District 742, Stearns County,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2022B

.000

02/01/43

742,512

1,000,000

Saint James Independent School District 840, Minnesota,

General Obligation Bonds, School Building Series 2015B

.000

02/01/45

904,189

1,340,000

Saint Michael Independent School District 885, Wright County,

Minnesota, General Obligation Bonds, School Building Series

2017A

.000

02/01/28

1,349,462

1,400,000

Saint Michael Independent School District 885, Wright County,

Minnesota, General Obligation Bonds, School Building Series

2017A

.000

02/01/30

1,409,319

1,885,000

Saint Michael Independent School District 885, Wright County,

Minnesota, General Obligation Bonds, School Building Series

2017A

.200

02/01/32

1,887,575

465,000

Sartell Independent School District 748, Stearns County,

Minnesota, General Obligation Bonds, School Building Series

2025A

.000

02/01/42

486,448

1,840,000

Sartell, Minnesota, General Obligation Bonds, Series 2022A

.000

02/01/41

1,775,922

1,180,000

Sartell, Minnesota, General Obligation Bonds, Series 2022A

.000

02/01/43

1,098,398

250,000

Shakopee Independent School District 720, Scott County,

Minnesota, General Obligation Bonds, Capital Facilities Series

2020A

.000

02/01/33

253,625

425,000

Shakopee Independent School District 720, Scott County,

Minnesota, General Obligation Bonds, Capital Facilities Series

2020A

.000

02/01/34

429,674

2,500,000

Sibley East Independent School District 2310, Sibley, Minnesota,

General Obligation Bonds, School Building Series 2015A

.000

02/01/40

2,488,328

1,330,000

South Washington County Independent School District 833,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2018A

.000

02/01/31

1,349,781

670,000

South Washington County Independent School District 833,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2018A

.000

02/01/33

677,116

1,000,000

South Washington County Independent School District 833,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2022A

.000

02/01/34

1,023,692

2,030,000

South Washington County Independent School District 833,

Minnesota, General Obligation Bonds, Facilities Maintenance

Series 2022A

.000

02/01/35

2,065,218

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL

(continued)

$

1,000,000

South Washington County Independent School District 833,

Minnesota, General Obligation Bonds, School Building Series

2016A

.000

%

02/01/29

$

1,005,256

825,000

Waconia Independent School District, Minnesota, General

Obligation Bonds, School Building Series 2015B

.000

02/01/28

825,092

1,315,000

Waseca Independent School District 829, Steele, Rice, and

Waseca Counties, Minnesota, General Obligation Bonds, School

Building Series 2015A

.000

02/01/27

1,323,842

TOTAL TAX OBLIGATION/GENERAL

158,553,299

TAX OBLIGATION/LIMITED - 11.6%

1,970,000

Commissioner of Iron Range Resource and Rehabilitation,

Minnesota, Educational Facilities Revenue Bonds, Series 2023A

.000

10/01/40

2,085,238

2,515,000

Commissioner of Iron Range Resource and Rehabilitation,

Minnesota, Educational Facilities Revenue Bonds, Series 2023A

.000

10/01/41

2,643,637

2,880,000

Commissioner of Iron Range Resource and Rehabilitation,

Minnesota, Educational Facilities Revenue Bonds, Series 2023A

.000

10/01/43

2,987,513

475,000

Elbow Lake Economic Development Authority, Minnesota, Lease

Revenue Bonds, Grant County Public Project, Series 2017A

.200

12/15/43

394,567

1,000,000

Elbow Lake Economic Development Authority, Minnesota, Lease

Revenue Bonds, Grant County Public Project, Series 2023A

.875

12/15/42

941,047

500,000

Elbow Lake Economic Development Authority, Minnesota, Lease

Revenue Bonds, Grant County Public Project, Series 2023A

.000

12/15/44

472,659

1,000,000

Hennepin County, Minnesota, Sales Tax Revenue Bonds, Ballpark

Project, Refunding First Lien Series 2017A

.000

12/15/30

1,029,729

675,000

Marshall, Minnesota, Education Services Facility, Lease Revenue

Bonds, Southwest West Central Service Cooperatives, Series

2024A

.125

02/01/41

665,847

725,000

Marshall, Minnesota, Education Services Facility, Lease Revenue

Bonds, Southwest West Central Service Cooperatives, Series

2024A

.375

02/01/45

705,306

310,000

Minneapolis, Minnesota, Tax Increment Revenue Bonds, Village

at St. Anthony Falls Project, Refunding Series 2015

.000

03/01/27

310,048

1,090,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2015C

.250

08/01/30

1,090,322

200,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2017A

.000

08/01/30

203,368

475,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2017A

.000

08/01/34

476,692

325,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2017A

.000

08/01/35

326,131

1,125,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2018D

.000

08/01/38

1,105,583

500,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021B

.000

08/01/38

428,458

500,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021B

.000

08/01/39

420,404

500,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021B

.000

08/01/40

409,346

2,810,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021C

.000

08/01/35

2,877,097

2,925,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021C

.000

08/01/36

2,953,864

3,045,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021C

.000

08/01/37

3,034,010

3,165,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021C

.000

08/01/38

3,101,083

1,000,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2021C

.000

08/01/43

913,699

1,780,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2022A

.000

08/01/40

1,858,077

2,000,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2022C

.000

08/01/42

2,057,568

1,280,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2023A

.000

08/01/42

1,328,202

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/LIMITED

(continued)

$

1,200,000

Minnesota Housing Finance Agency, Housing Infrastructure State

Appropriation Bonds, Series 2023A

.000

%

08/01/44

$

1,231,836

5,800,000

Minnesota State, Certificates of Participation, State Office

Building Project, Series 2023

.000

11/01/43

5,987,708

1,480,000

New London Economic Development Authority, Minnesota,

Public Project Lease Revenue Bonds, SWWC Service Cooperative

Lease With Option to Purchase Project, Series 2023

.000

02/01/38

1,477,356

2,790,000

New London Economic Development Authority, Minnesota,

Public Project Lease Revenue Bonds, SWWC Service Cooperative

Lease With Option to Purchase Project, Series 2023

.125

02/01/43

2,709,691

1,470,000

Northeast Metropolitan Intermediate School District 916, White

Bear Lake, Minnesota, Certificates of Participation, Series 2015A

.625

02/01/34

1,470,028

580,000

Northeast Metropolitan Intermediate School District 916, White

Bear Lake, Minnesota, Certificates of Participation, Series 2015A

.750

02/01/36

576,181

4,600,000

Northeast Metropolitan Intermediate School District 916, White

Bear Lake, Minnesota, Certificates of Participation, Series 2015B

.000

02/01/42

4,186,241

1,000,000

Plymouth Intermediate District 287, Minnesota, Certificates of

Participation, Refunding Series 2017A

.000

02/01/36

1,002,175

175,000

Plymouth Intermediate District 287, Minnesota, Facilities

Maintence Bonds, Series 2017B

.000

05/01/29

179,018

200,000

Plymouth Intermediate District 287, Minnesota, Facilities

Maintence Bonds, Series 2017B

.000

05/01/32

203,116

100,000

Plymouth Intermediate District 287, Minnesota, Facilities

Maintence Bonds, Series 2017B

.000

05/01/33

101,270

4,500,000

Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue

Bonds, Restructured 2018A-1

.500

07/01/34

4,499,799

6,077,000

Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue

Bonds, Restructured 2018A-1

.000

07/01/58

5,574,178

1,155,000

Roseville Independent School District 623, Ramsey County,

Minnesota, Certificates of Participation, Series 2021A

.000

04/01/29

1,218,471

355,000

Saint Cloud Independent School District 742, Stearns County,

Minnesota, Certificates of Participation, Saint Cloud Area Public

Schools, Series 2017A

.000

02/01/32

355,634

520,000

Saint Cloud Independent School District 742, Stearns County,

Minnesota, Certificates of Participation, Saint Cloud Area Public

Schools, Series 2017A

.000

02/01/34

520,925

385,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Multifamily Housing Revenue Bonds, 2700 University at Westgate

Station, Series 2015B

.875

04/01/30

385,127

1,405,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

Multifamily Housing Revenue Bonds, 2700 University at Westgate

Station, Series 2015B

.250

04/01/43

1,301,825

2,670,000

Saint Paul Independent School District 625, Ramsey County,

Minnesota, Certificates of Participation, Series 2018B

.375

02/01/35

2,633,497

5,000

Saint Paul Independent School District 625, Ramsey County,

Minnesota, Certificates of Participation, Series 2019B

.000

02/01/36

5,039

1,000,000

Saint Paul Independent School District 625, Ramsey County,

Minnesota, Certificates of Participation, Series 2019B

.000

02/01/37

1,006,160

500,000

Saint Paul Independent School District 625, Ramsey County,

Minnesota, Certificates of Participation, Series 2024A

.000

02/01/43

523,140

1,810,000

Saint Paul, Minnesota, Sales Tax Revenue Bonds, Neighborhood

and Economic Development Projects, Refunding Series 2024C

.000

11/01/41

1,900,278

375,000

Zumbro Education District 6012, Minnesota, Certificates of

Participation Series 2021A

.000

02/01/26

375,388

320,000

Zumbro Education District 6012, Minnesota, Certificates of

Participation Series 2021A

.000

02/01/28

322,154

330,000

Zumbro Education District 6012, Minnesota, Certificates of

Participation Series 2021A

.000

02/01/30

331,627

435,000

Zumbro Education District 6012, Minnesota, Certificates of

Participation Series 2021A

.000

02/01/41

363,991

TOTAL TAX OBLIGATION/LIMITED

75,261,348

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TRANSPORTATION - 7.5%

$

1,000,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019A

.000

%

01/01/33

$

1,067,915

1,560,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019A

.000

01/01/49

1,555,626

1,540,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/31

1,631,084

1,500,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/32

1,575,582

1,000,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/35

1,034,786

1,235,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/39

1,250,901

5,600,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/44

5,519,382

7,370,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien

Series 2019B, (AMT)

.000

01/01/49

7,171,584

8,145,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Senior Lien Series 2016C

.000

01/01/46

8,144,879

475,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Lien Series

2016D, (AMT)

.000

01/01/34

481,880

2,000,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Lien Series

2022A

.000

01/01/52

1,997,596

2,510,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Lien Series

2022B, (AMT)

.000

01/01/40

2,548,148

11,300,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Lien Series

2022B, (AMT)

.000

01/01/47

11,098,651

4,000,000

Minneapolis-St. Paul Metropolitan Airports Commission,

Minnesota, Airport Revenue Bonds, Subordinate Series 2024A,

(AMT)

.250

01/01/49

4,037,305

TOTAL TRANSPORTATION

49,115,319

U.S. GUARANTEED - 0.5% (c)

1,600,000

St. Paul Housing and Redevelopment Authority, Minnesota,

Hospital Revenue Bonds, HealthEast Inc., Series 2015A, (Pre-

refunded 11/15/25)

.000

11/15/40

1,608,069

1,530,000

Worthington Independent School District 518, Nobles County,

Minnesota, Certificates of Participation, Series 2017A, (Pre-

refunded 2/01/26)

.000

02/01/42

1,538,569

TOTAL U.S. GUARANTEED

3,146,638

UTILITIES - 8.6%

1,240,000

Guam Government Waterworks Authority, Water and Wastewater

System Revenue Bonds, Series 2016

.000

01/01/46

1,212,279

135,000

Guam Government Waterworks Authority, Water and Wastewater

System Revenue Bonds, Series 2020A

.000

01/01/50

128,818

250,000

Guam Government Waterworks Authority, Water and Wastewater

System Revenue Bonds, Series 2025A

.500

07/01/43

261,332

2,275,000

Minnesota Municipal Gas Agency, Commodity Supply Revenue

Bonds, Series 2022A, (Mandatory Put 12/01/27)

.000

12/01/52

2,313,191

5,000,000

(d) Minnesota Municipal Gas Agency, Commodity Supply Revenue

Bonds, Series 2022B, (Mandatory Put 12/01/27) (SOFR\*0.67%+

1.000%)

.908

12/01/52

5,002,169

1,000,000

Minnesota Municipal Power Agency, Electric Revenue Bonds,

Refunding Series 2014A

.000

10/01/31

1,001,017

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITIES

(continued)

$

1,000,000

Minnesota Municipal Power Agency, Electric Revenue Bonds,

Refunding Series 2014A

.000

%

10/01/32

$

1,000,907

4,650,000

Minnesota Municipal Power Agency, Electric Revenue Bonds,

Series 2016

.000

10/01/47

4,707,025

5,555,000

Rochester, Minnesota, Electric Utility Revenue Bonds, Refunding

Series 2017A

.000

12/01/47

5,642,970

390,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

District Energy Revenue Bonds, Refunding Series 2017A

.000

10/01/28

398,851

1,610,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

District Energy Revenue Bonds, Refunding Series 2017A

.000

10/01/33

1,619,625

355,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

District Energy Revenue Bonds, Refunding Series 2017B

.000

10/01/28

362,841

270,000

Saint Paul Housing and Redevelopment Authority, Minnesota,

District Energy Revenue Bonds, Refunding Series 2017B

.000

10/01/29

275,420

2,500,000

Saint Paul Port Authority, Minnesota, District Energy Revenue

Bonds, Series 2017-3

.000

10/01/42

2,180,843

1,180,000

Saint Paul Port Authority, Minnesota, District Energy Revenue

Bonds, Series 2017-4, (AMT)

.000

10/01/40

1,016,885

300,000

Saint Paul Port Authority, Minnesota, District Energy Revenue

Bonds, Series 2021-1. 501 C3

.000

10/01/34

278,117

1,100,000

Saint Paul Port Authority, Minnesota, District Energy Revenue

Bonds, Series 2021-2, (AMT)

.000

10/01/40

947,944

1,250,000

Saint Paul Port Authority, Minnesota, District Energy Revenue

Bonds, Series 2023-3, (AMT)

.250

10/01/42

1,239,135

1,325,000

Saint Paul Port Authority, Minnesota, District Energy Revenue

Bonds, Series 2024-1

.000

10/01/45

1,329,797

1,250,000

Saint Paul Port Authority, Minnesota, District Energy Revenue

Bonds, Series 2024-1

.000

10/01/46

1,253,286

4,905,000

Saint Paul, Minnesota, Water Revenue Bonds, Series 2023A

.000

12/01/47

4,428,784

1,175,000

Sauk Centre Public Utilities Commission, Minnesota, Electric

Revenue Bonds, Series 2024A - AGM Insured

.375

12/01/49

1,075,338

6,230,000

Southern Minnesota Municipal Power Agency, Power Supply

System Revenue Bonds, Series 1994A - NPFG Insured

.000

01/01/26

6,164,264

230,000

Thief River Falls, Minnesota, Electric Revenue Bonds, Series

2018A - AGM Insured

.000

02/01/35

230,321

260,000

Thief River Falls, Minnesota, Electric Revenue Bonds, Series

2018A - AGM Insured

.000

02/01/38

252,920

11,265,000

Western Minnesota Municipal Power Agency, Minnesota, Power

Supply Revenue Bonds, Series 2018A

.000

01/01/49

11,301,483

TOTAL UTILITIES

55,625,562

TOTAL MUNICIPAL BONDS

(Cost $645,163,727)

615,536,046

TOTAL LONG-TERM INVESTMENTS

(Cost $645,163,727)

615,536,046

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 4.1%

X

26,725,000

MUNICIPAL BONDS - 4.1%

X

–

EDUCATION AND CIVIC ORGANIZATIONS - 0.5%

$

3,430,000

(d),(e)

Minneapolis, Minnesota, Revenue Bonds, University Gateway

Project, Refunding Series 2009

.730

12/01/40

$

3,430,000

TOTAL EDUCATION AND CIVIC ORGANIZATIONS

3,430,000

#### Portfolio of Investments August 31, 2025
(continued)

#### Minnesota

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HEALTH CARE - 3.6%

$

9,395,000

(d),(e)

Minneapolis, Minnesota, Health Care System Revenue Bonds,

Fairview Health Services, Series 2018A

.950

%

11/15/48

$

9,395,000

4,900,000

(d),(e)

Rochester, Minnesota, Health Care Facilities Revenue Bonds,

Mayo Clinic Series 2008B

.650

11/15/38

4,900,000

9,000,000

(d),(e)

Rochester, Minnesota, Health Care Facilities Revenue Bonds,

Mayo Clinic, Series 2025D

.100

11/15/64

9,000,000

TOTAL HEALTH CARE

23,295,000

TOTAL MUNICIPAL BONDS

(Cost $26,725,000)

26,725,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $26,725,000)

26,725,000

TOTAL INVESTMENTS - 98.8%

(Cost $671,888,727)

642,261,046

OTHER ASSETS & LIABILITIES, NET - 1.2%

7,611,675

NET ASSETS - 100%

$

649,872,721

AMT

Alternative Minimum Tax

SOFR

Secured Overnight Financing Rate

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $11,874,673 or 1.8% of Total Investments.

(b) When-issued or delayed delivery security.

(c) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely

payment of principal and interest.

(d) Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of

the security. Coupon rate reflects the rate at period end.

(e) Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term

investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the

reporting period. This rate changes periodically based on market conditions or a specified market index.

Minnesota

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Municipal Bonds

$

–

$

615,536,046

$

–

$

615,536,046

Short-Term Investments:

Municipal Bonds

–

26,725,000

–

26,725,000

Total

$

–

$

642,261,046

$

–

$

642,261,046

#### Portfolio of Investments August 31, 2025

#### Nebraska
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 97.4%

X

67,403,535

MUNICIPAL BONDS - 97.4%

X

–

EDUCATION AND CIVIC ORGANIZATIONS - 10.9%

$

1,250,000

Douglas County, Nebraska, Educational Facilities Revenue

Bonds, Creighton University Projects, Refunding Series 2017

.000

%

07/01/47

$

1,218,408

500,000

Douglas County, Nebraska, Educational Facilities Revenue

Bonds, Creighton University Projects, Refunding Series 2025

.250

07/01/49

511,685

1,195,000

Nebraska State Colleges Facilities Corporation, Nebraska,

Revenue Bonds, Facilities Program Series 2022B - AGM Insured

.000

07/15/37

1,256,437

1,000,000

Nebraska State Colleges, Student Fees and Facilities Revenue

Bonds, Board of Trustees, Wayne State College Series 2023 -

AGM Insured

.000

07/01/48

1,008,266

445,000

Saline County, Nebraska, Educational Facilities Revenue Bonds,

Doane College Project, Refunding Series 2020A

.000

02/15/35

411,425

500,000

Southeast Community College Area, Nebraska, Facilities

Revenue Bonds, Series 2020 - AGM Insured

.000

03/15/45

371,560

750,000

University of Nebraska Facilities Corporation, Nebraska, Facilities

Bonds, Refunding Series 2017B

.000

05/15/37

739,104

2,000,000

University of Nebraska Facilities Corporation, Nebraska, Facilities

Program Bonds, Green Series 2021B

.000

07/15/51

2,017,732

TOTAL EDUCATION AND CIVIC ORGANIZATIONS

7,534,617

HEALTH CARE - 10.9%

575,000

Douglas County Hospital Authority 2, Nebraska, Health Facilities

Revenue Bonds, Children's Hospital Obligated Group, Refunding

Series 2020A

.000

11/15/40

531,877

300,000

Douglas County Hospital Authority 2, Nebraska, Health Facilities

Revenue Bonds, Children's Hospital Obligated Group, Refunding

Series 2020A

.000

11/15/41

272,509

180,000

Douglas County Hospital Authority 2, Nebraska, Health Facilities

Revenue Bonds, Children's Hospital Obligated Group, Series

2017

.000

11/15/37

182,142

500,000

Douglas County Hospital Authority 2, Nebraska, Health Facilities

Revenue Bonds, Children's Hospital Obligated Group, Series

2017

.000

11/15/47

494,053

440,000

Douglas County Hospital Authority 2, Nebraska, Health Facilities

Revenue Bonds, Nebraska Methodist Health System, Series 2025

.000

11/01/32

485,296

585,000

Douglas County Hospital Authority 2, Nebraska, Health Facilities

Revenue Bonds, Nebraska Methodist Health System, Series 2025

.500

11/01/49

606,439

775,000

Douglas County Hospital Authority 2, Nebraska, Hospital

Revenue Bonds, Madonna Rehabilitation Hospital Project, Series

2014

.000

05/15/44

733,709

260,000

Douglas County Hospital Authority 3, Nebraska, Health Facilities

Revenue Bonds, Nebraska Methodist Health System, Refunding

Series 2015

.125

11/01/36

253,690

915,000

Douglas County Hospital Authority 3, Nebraska, Health Facilities

Revenue Bonds, Nebraska Methodist Health System, Refunding

Series 2015

.000

11/01/45

918,573

1,085,000

Douglas County Hospital Authority 3, Nebraska, Health Facilities

Revenue Bonds, Nebraska Methodist Health System, Refunding

Series 2015

.000

11/01/45

1,066,565

250,000

Madison County Hospital Authority 1, Nebraska, Hospital

Revenue Bonds, Faith Regional Health Services Project,

Refunding Series 2017A

.000

07/01/30

256,227

500,000

Madison County Hospital Authority 1, Nebraska, Hospital

Revenue Bonds, Faith Regional Health Services Project, Series

2018

.000

07/01/34

500,080

435,000

Madison County Hospital Authority 1, Nebraska, Hospital

Revenue Bonds, Faith Regional Health Services Project, Series

2018

.000

07/01/35

435,055

875,000

Scotts Bluff County Hospital Authority 1, Nebraska, Hospital

Revenue Bonds, Regional West Medical Center Project,

Refunding & Improvement Series 2016A

.250

02/01/37

812,732

TOTAL HEALTH CARE

7,548,947

#### Portfolio of Investments August 31, 2025
(continued)

#### Nebraska

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HOUSING/SINGLE FAMILY - 1.0%

$

660,000

Nebraska Investment Finance Authority, Single Family Housing

Revenue Bonds, Refunding Series 2016A

.500

%

09/01/36

$

610,662

100,000

Nebraska Investment Finance Authority, Single Family Housing

Revenue Bonds, Series 2021A

.850

09/01/35

77,885

45,000

Nebraska Investment Finance Authority, Single Family Housing

Revenue Bonds, Series 2021A

.950

09/01/37

32,977

TOTAL HOUSING/SINGLE FAMILY

721,524

LONG-TERM CARE - 1.5%

1,200,000

Nebraska Educational, Health, Cultural and Social Services

Finance Authority, Revenue Bonds, Immanuel Retirement

Communities Obligated Group, Series 2019A

.000

01/01/49

1,003,733

TOTAL LONG-TERM CARE

1,003,733

TAX OBLIGATION/GENERAL - 42.8%

500,000

Adams County, Nebraska, General Obligation Bonds, Series

2023A

.000

12/15/42

504,075

750,000

Bellevue, Nebraska, Tax Supported Municipal Improvement

Bonds, Series 2024

.000

09/15/49

646,386

500,000

Buffalo County School District 007 Kearney Public Schools,

Nebraska, General Obligation Bonds, School Building Series

2016

.000

12/15/36

453,383

270,000

Cass County School District 56 Conestoga Public Schools,

Nebraska, General Obligation Bonds, School Building Series

2025A

.000

12/15/39

286,815

750,000

City of Omaha, Nebraska, Special Tax Revenue Redevelopment

and Refunding Bonds, Series 2024A

.000

04/15/44

777,906

1,000,000

Custer County School District 025 Broken Bow Public Schools,

Nebraska, General Obligation Bonds, School Building Series

2024 - BAM Insured

.000

12/15/41

1,012,787

750,000

Dodge County School District 1 Fremont, Nebraska, General

Obligation Bonds, Series 2023 - AGM Insured

.000

12/15/48

764,083

450,000

Douglas County Sanitary and Improvement District 607 Deer

Crest, Nebraska, General Obligation Bonds, Series 2024

.000

09/15/44

399,910

840,000

Douglas County School District 059, Nebraska, General

Obligation Bonds, Bennington Public Schools, School Building

Series 2019

.000

06/15/33

840,063

1,000,000

Douglas County School District 059, Nebraska, General

Obligation Bonds, Bennington Public Schools, Series 2016

.375

12/15/41

816,400

1,500,000

Douglas County School District 1, Nebraska, General Obligation

Bonds, Omaha Public Schools Series 2020

.000

12/15/43

1,152,420

1,000,000

Douglas County School District 10 Elkhorn, Nebraska, General

Obligation Bonds, Series 2018

.000

12/15/38

951,517

1,000,000

Douglas County School District 10 Elkhorn, Nebraska, General

Obligation Bonds, Series 2024 - AGM Insured

.000

12/15/45

886,357

1,000,000

Douglas County School District 10 Elkhorn, Nebraska, General

Obligation Bonds, Series 2025

.000

06/15/45

1,019,356

405,000

Douglas County School District 54, Ralston, Nebraska, General

Obligation Bonds, Series 2023

.000

12/15/43

416,428

1,000,000

Douglas County School District 54, Ralston, Nebraska, General

Obligation Bonds, Series 2023

.000

12/15/48

1,016,254

635,000

Douglas County School District 66, Westside, Nebraska, General

Obligation Bonds, Series 2023

.000

12/01/41

656,409

425,000

Douglas County School District 66, Westside, Nebraska, General

Obligation Bonds, Series 2025B

.000

12/01/44

435,390

350,000

(a) Gretna, Nebraska, Tax Supported Municipal Improvement Bonds,

Refunding Series 2025B

.375

12/15/41

343,464

250,000

Hall County, Nebraska, Limited Tax Bonds, Building Series 2024

.000

12/15/40

255,588

250,000

Hall County, Nebraska, Limited Tax Bonds, Building Series 2024

.000

12/15/44

223,016

375,000

Kearney County School District 501, Nebraska, General

Obligation Bonds, Axtell Community Schools School Building

Series 2024

.000

12/15/39

385,887

375,000

Kearney County School District 501, Nebraska, General

Obligation Bonds, Axtell Community Schools School Building

Series 2024

.000

12/15/44

336,380

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL

(continued)

$

965,000

Kearney, Nebraska, General Obligation Bonds, Recreational

Facilities Series 2022

.000

%

05/15/42

$

860,770

1,000,000

La Vista, Nebraska, General Obligation Bonds, Highway

Allocation Pledge Series 2023

.000

09/15/43

1,042,564

1,000,000

La Vista, Sarpy County, Nebraska, Tax Supported Bonds, Taxable

Refunding Series 2022 - AGM Insured

.000

09/15/42

1,031,935

1,000,000

Lancaster County School District 1, Lincoln, Nebraska, General

Obligation Bonds, Series 2020

.000

01/15/43

781,239

500,000

Nance County School District 30, Nebraska, General Obligation

Bonds, Twin River Public School School Building Series 2024 -

BAM Insured

.125

12/15/49

435,946

300,000

North Platte Airport Authority, Nebraska, General Obligation

Bonds, Series 2024

.750

12/15/44

261,572

500,000

Omaha, Nebraska, General Obligation Bonds, Refunding &

Various Purpose Series 2018A

.000

01/15/37

501,951

500,000

Omaha, Nebraska, General Obligation Bonds, Refunding &

Various Purpose Series 2019

.000

04/15/37

501,395

1,000,000

Omaha, Nebraska, General Obligation Bonds, Various Purpose

Series 2022

.000

04/15/41

1,046,133

500,000

Omaha, Nebraska, Special Tax Redevelopment Bonds, Series

2018A

.000

01/15/33

514,563

1,000,000

Omaha, Nebraska, Special Tax Redevelopment Bonds, Series

2024C

.000

04/15/49

869,197

1,000,000

Otoe County School District 0501 Palmyra District OR-1,

Nebraska, General Obligation Bonds, School Building Series

2022

.000

12/15/42

1,024,136

1,000,000

Papillion-LaVista School District 27, Sarpy County, Nebraska,

General Obligation Bonds, Series 2023

.250

12/01/43

951,788

1,000,000

Papillion-LaVista School District 27, Sarpy County, Nebraska,

General Obligation Bonds, Series 2025

.000

12/01/45

1,024,147

1,000,000

Sarpy County School District 037 Gretna Public Schools,

Nebraska, General Obligation Bonds, Series 2019

.000

06/15/40

1,020,536

1,000,000

Southeast Community College Area, Nebraska, Certificates of

Participation, Series 2018

.000

12/15/47

1,004,672

1,000,000

Wayne County School District 17, Nebraska, General Obligation

Bonds, Wayne Community Schools, School Building Series 2023

.250

12/15/48

901,350

530,000

Wayne County School District 17, Nebraska, General Obligation

Bonds, Wayne Community Schools, School Building Series 2024

.000

12/15/43

536,249

750,000

York County School District 12, Nebraska, General Obligation

Bonds, School Building Series 2024

.000

12/15/45

761,961

TOTAL TAX OBLIGATION/GENERAL

29,652,378

TAX OBLIGATION/LIMITED - 7.8%

500,000

Blair, Nebraska, Highway Allocation Fund Pledge Bonds, Series

2023

.000

06/15/43

453,616

500,000

Columbus, Nebraska, Sales Tax Revenue Bonds, Police & Fire

Project, Series 2018

.000

09/15/27

500,514

1,250,000

Douglas County Sanitary and Improvement District 608 North

Streams, Nebraska, General Obligation Bonds, Series 2022

.000

12/15/47

1,071,543

1,060,000

Matching Fund Special Purpose Securitization Corporation,

Virgin Islands, Revenue Bonds, Series 2022A

.000

10/01/28

1,088,203

500,000

Omaha Public Facilities Corporation, Nebraska, Lease Revenue

Bonds, Omaha Baseball Stadium Project, Refunding Series

2016A

.000

06/01/36

500,409

1,950,000

Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue

Bonds, Restructured 2018A-1

.000

07/01/58

1,788,653

TOTAL TAX OBLIGATION/LIMITED

5,402,938

TRANSPORTATION - 3.7%

1,000,000

Lincoln, Nebraska, Airport Revenue Bonds, Series 2021, (AMT)

.000

07/01/36

967,348

550,000

Omaha Airport Authority, Nebraska, Airport Facilities Revenue

Bonds, Series 2017A, (AMT)

.000

12/15/36

554,001

1,000,000

Omaha Airport Authority, Nebraska, Airport Facilities Revenue

Bonds, Series 2024, (AMT)

.250

12/15/49

1,010,904

TOTAL TRANSPORTATION

2,532,253

#### Portfolio of Investments August 31, 2025
(continued)

#### Nebraska

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

U.S. GUARANTEED - 1.0% (b)

$

240,000

Douglas County Hospital Authority 3, Nebraska, Health Facilities

Revenue Bonds, Nebraska Methodist Health System, Refunding

Series 2015, (Pre-refunded 11/01/25)

.125

%

11/01/36

$

240,598

450,000

Omaha Airport Authority, Nebraska, Airport Facilities Revenue

Bonds, Series 2017A, (Pre-refunded 12/15/26), (AMT)

.000

12/15/36

462,189

TOTAL U.S. GUARANTEED

702,787

UTILITIES - 17.8%

465,000

Central Plains Energy Project, Nebraska, Gas Project 3 Revenue

Bonds, Refunding Crossover Series 2017A

.000

09/01/37

487,670

1,000,000

Central Plains Energy Project, Nebraska, Gas Project 4 Revenue

Bonds, Refunding Series 2023A-1, (Mandatory Put 11/01/29)

.000

05/01/54

1,058,901

1,930,000

Guam Government Waterworks Authority, Water and Wastewater

System Revenue Bonds, Refunding Series 2017

.000

07/01/40

1,937,284

500,000

Guam Power Authority, Revenue Bonds, Refunding Series 2022A

.000

10/01/43

505,463

500,000

Metropolitan Utilities District of Omaha, Nebraska, Water

Revenue Bonds, Refunding & System Improvement Series 2015

.250

12/01/32

495,205

1,000,000

Nebraska Public Power District, General Revenue Bonds, Series

2016A

.000

01/01/41

1,003,320

1,200,000

Nebraska Public Power District, General Revenue Bonds, Series

2023A

.000

07/01/28

1,272,923

1,000,000

Omaha Public Power District, Nebraska, Electric System Revenue

Bonds, Series 2018A

.000

02/01/39

1,020,743

750,000

Omaha Public Power District, Nebraska, Electric System Revenue

Bonds, Series 2022B

.000

02/01/47

759,910

1,000,000

Omaha Public Power District, Nebraska, Electric System Revenue

Bonds, Series 2024A

.500

02/01/49

1,056,675

500,000

Omaha Public Power District, Nebraska, Electric System Revenue

Bonds, Series 2025A

.000

02/01/43

520,242

320,000

Omaha Public Power District, Nebraska, Separate Electric System

Revenue Bonds, Nebraska City 2, Series 2015A

.500

02/01/42

267,169

1,500,000

Public Power Generation Agency, Nebraska, Whelan Energy

Center Unit 2 Revenue Bonds, Refunding Series 2016A

.000

01/01/40

1,518,692

100,000

Wheat Belt Public Power District, Nebraska, Electric System

Revenue Bonds, Series 2025

.625

09/01/41

93,239

340,000

Wheat Belt Public Power District, Nebraska, Electric System

Revenue Bonds, Series 2025

.000

09/01/45

306,922

TOTAL UTILITIES

12,304,358

TOTAL MUNICIPAL BONDS

(Cost $70,582,155)

67,403,535

TOTAL LONG-TERM INVESTMENTS

(Cost $70,582,155)

67,403,535

OTHER ASSETS & LIABILITIES, NET - 2.6%

1,832,671

NET ASSETS - 100%

$

69,236,206

AMT

Alternative Minimum Tax

(a) When-issued or delayed delivery security.

(b) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely

payment of principal and interest.

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

Nebraska

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Municipal Bonds

$

–

$

67,403,535

$

–

$

67,403,535

Total

$

–

$

67,403,535

$

–

$

67,403,535

#### Portfolio of Investments August 31, 2025

#### Oregon Intermediate
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 97.5%

X

190,760,062

MUNICIPAL BONDS - 97.5%

X

–

EDUCATION AND CIVIC ORGANIZATIONS - 5.5%

$

1,095,000

Forest Grove, Oregon, Campus Improvement Revenue Bonds,

Pacific University Project, Refunding Series 2015A

.000

%

05/01/30

$

1,095,818

1,525,000

Forest Grove, Oregon, Campus Improvement Revenue Bonds,

Pacific University Project, Refunding Series 2022A

.000

05/01/32

1,587,630

490,000

(a) Oregon Facilities Authority, Oregon, Charter School Revenue

Bonds, Academy for Character Education, Series 2022A

.750

06/15/42

484,016

455,000

(a) Oregon Facilities Authority, Oregon, Charter School Revenue

Bonds, Redmond Proficiency Academy Project, Series 2025A

.500

06/15/45

439,134

420,000

Oregon Facilities Authority, Oregon, Revenue Bonds, Southern

Oregon Goodwill project, Series A

.000

12/01/40

403,586

95,000

(a) Oregon Facilities Authority, Revenue Bonds, Howard Street

Charter School Project, Series 2019A

.000

06/15/29

96,767

920,000

(a) Oregon Facilities Authority, Revenue Bonds, Metro East Web

Academy Project, Series 2019A

.000

06/15/34

917,470

2,025,000

Oregon Facilities Authority, Revenue Bonds, University of

Portland Projects, Refunding Series 2025A

.000

04/01/40

2,084,985

1,000,000

Yamhill County, Oregon, Revenue Bonds, George Fox University

Project, Refunding Series 2021

.000

12/01/36

1,001,278

1,875,000

Yamhill County, Oregon, Revenue Bonds, George Fox University

Project, Refunding Series 2021

.000

12/01/41

1,734,472

1,000,000

Yamhill County, Oregon, Revenue Bonds, Linfield University

Project, Refunding Series 2020A

.000

10/01/35

1,014,490

TOTAL EDUCATION AND CIVIC ORGANIZATIONS

10,859,646

HEALTH CARE - 12.0%

455,000

Astoria Hospital Facilities Authority, Oregon, Hospital Revenue

Bonds, Columbia Memorial Hospital Project, Series 2024

.250

08/01/39

475,558

1,000,000

Astoria Hospital Facilities Authority, Oregon, Hospital Revenue

Bonds, Columbia Memorial Hospital Project, Series 2024

.250

08/01/40

1,034,425

375,000

Deschutes County Hospital Facility Authority, Oregon, Hospital

Revenue Bonds, Saint Charles Health System, Inc., Series 2016A

.000

01/01/33

375,175

1,000,000

Deschutes County Hospital Facility Authority, Oregon, Hospital

Revenue Bonds, Saint Charles Health System, Inc., Series 2016A

.000

01/01/33

1,004,921

715,000

Deschutes County Hospital Facility Authority, Oregon, Hospital

Revenue Bonds, Saint Charles Health System, Inc., Series 2020A

.000

01/01/34

720,826

690,000

Oregon Facilities Authority, Revenue Bonds, Peacehealth System,

Refunding Series 2014A

.000

11/15/25

690,626

3,985,000

Oregon Facilities Authority, Revenue Bonds, Peacehealth System,

Refunding Series 2014A

.125

11/15/32

3,985,656

600,000

Oregon Facilities Authority, Revenue Bonds, Samaritan Health

Services Project, Refunding Series 2020A

.000

10/01/30

641,090

485,000

Oregon Facilities Authority, Revenue Bonds, Samaritan Health

Services, Refunding Series 2016A

.000

10/01/29

488,353

1,325,000

Oregon Facilities Authority, Revenue Bonds, Samaritan Health

Services, Refunding Series 2016A

.000

10/01/30

1,330,950

4,105,000

Oregon Health and Science University, Revenue Bonds, Green

Series 2021B-1, (Mandatory Put 2/01/30)

.000

07/01/46

4,429,182

1,000,000

Oregon Health and Science University, Revenue Bonds, Series

2019A

.000

07/01/29

1,088,329

560,000

Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem

Health Projects, Refunding Series 2016A

.000

05/15/30

568,169

1,000,000

Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem

Health Projects, Refunding Series 2016A

.000

05/15/31

1,012,853

1,200,000

Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem

Health Projects, Refunding Series 2016A

.000

05/15/46

1,191,450

2,235,000

Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem

Health Projects, Series 2019A

.000

05/15/32

2,371,571

1,230,000

Union County Oregon, Hospital Facility Authority Revenue

Bonds, Grande Ronde Hospital Incorporated, Series 2022

.000

07/01/33

1,293,131

695,000

Union County Oregon, Hospital Facility Authority Revenue

Bonds, Grande Ronde Hospital Incorporated, Series 2022

.000

07/01/34

724,090

TOTAL HEALTH CARE

23,426,355

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HOUSING/MULTIFAMILY - 0.7%

$

340,000

Home Forward, Oregon, Multifamily Housing Revenue Bonds,

Lovejoy Station Apartments, Refunding Series 2016

.000

%

07/15/29

$

343,801

1,000,000

Oregon Housing and Community Services Department, Oregon,

Multifamily Housing Revenue Bonds, Hollywood Hub Apartments

Project, Series 2024R, (Mandatory Put 1/01/29)

.000

01/10/48

1,023,751

TOTAL HOUSING/MULTIFAMILY

1,367,552

HOUSING/SINGLE FAMILY - 0.8%

935,000

Oregon Housing and Community Services Department, Single

Family Mortgage Program Revenue Bonds, Series 2021A

.900

01/01/33

790,516

825,000

Oregon Housing and Community Services Department, Single

Family Mortgage Program Revenue Bonds, Series 2021A

.950

07/01/33

689,702

TOTAL HOUSING/SINGLE FAMILY

1,480,218

INFORMATION TECHNOLOGY - 1.0%

2,000,000

Oregon State Business Development Commission, Recovery

Zone Facility Revenue Bonds, Intel Corporation Project, 232

Series 2010, (Mandatory Put 6/15/28)

.800

12/01/40

2,030,068

TOTAL INFORMATION TECHNOLOGY

2,030,068

LONG-TERM CARE - 5.6%

385,000

Clackamas County Hospital Facility Authority, Oregon, Revenue

Bonds, Rose Villa Inc., Series 2020A

.000

11/15/27

392,663

300,000

Clackamas County Hospital Facility Authority, Oregon, Revenue

Bonds, Rose Villa Inc., Series 2020A

.000

11/15/28

306,080

315,000

Clackamas County Hospital Facility Authority, Oregon, Revenue

Bonds, Rose Villa Inc., Series 2020A

.000

11/15/29

321,033

330,000

Clackamas County Hospital Facility Authority, Oregon, Revenue

Bonds, Rose Villa Inc., Series 2020A

.000

11/15/30

335,516

460,000

Clackamas County Hospital Facility Authority, Oregon, Senior

Living Revenue Bonds, Willamette View Project, Series 2017A

.000

11/15/25

459,772

200,000

Clackamas County Hospital Facility Authority, Oregon, Senior

Living Revenue Bonds, Willamette View Project, Series 2017A

.000

05/15/26

199,946

400,000

Clackamas County Hospital Facility Authority, Oregon, Senior

Living Revenue Bonds, Willamette View Project, Series 2017A

.000

11/15/26

399,983

350,000

Clackamas County Hospital Facility Authority, Oregon, Senior

Living Revenue Bonds, Willamette View Project, Series 2017A

.000

05/15/27

350,038

350,000

Clackamas County Hospital Facility Authority, Oregon, Senior

Living Revenue Bonds, Willamette View Project, Series 2017A

.000

11/15/27

350,323

1,130,000

Multnomah County Hospital Facilities Authority, Oregon,

Revenue Bond, Terwilliger Plaza, Inc., Refunding Series 2012

.000

12/01/29

1,130,454

325,000

Multnomah County Hospital Facilities Authority, Oregon,

Revenue Bond, Terwilliger Plaza, Inc., Refunding Series 2016

.000

12/01/30

328,093

1,005,000

Multnomah County Hospital Facilities Authority, Oregon,

Revenue Bonds, Terwilliger Plaza-Parkview Project, Refunding

Green Series 2021A

.000

12/01/36

914,965

1,040,000

Polk County Hospital Facility Authority, Oregon, Revenue Bonds,

Dallas Retirement Village Project, Series 2015A

.125

07/01/35

1,040,114

1,540,000

Salem Hospital Facility Authority, Oregon, Revenue Bonds,

Capital Manor, Inc., Refunding Bonds, Series 2022

.000

05/15/40

1,361,354

1,150,000

Yamhill County Hospital Authority, Oregon, Revenue Bonds,

Friendsview Retirement Community, Refunding Series 2016A

.000

11/15/31

1,153,863

1,940,000

Yamhill County Hospital Authority, Oregon, Revenue Bonds,

Friendsview Retirement Community, Refunding Series 2021A

.000

11/15/36

1,883,701

TOTAL LONG-TERM CARE

10,927,898

TAX OBLIGATION/GENERAL - 40.6%

750,000

Aurora, Marion County, Oregon, General Obligation Bonds,

Taxable Series 2024 - BAM Insured

.250

06/01/45

776,558

2,400,000

Beaverton School District 48J, Washington and Multnomah

Counties, Oregon, General Obligation Bonds, Current Interest

Series 2017C

.000

06/15/35

2,469,472

2,000,000

Beaverton School District 48J, Washington and Multnomah

Counties, Oregon, General Obligation Bonds, Deferred Interest

Series 2017B

.000

06/15/33

1,463,269

2,000,000

Beaverton School District 48J, Washington and Multnomah

Counties, Oregon, General Obligation Bonds, Series 2025A

.000

06/15/41

959,072

#### Portfolio of Investments August 31, 2025
(continued)

#### Oregon Intermediate

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL

(continued)

$

820,000

Beaverton School District 48J, Washington and Multnomah

Counties, Oregon, General Obligation Bonds, Series 2025B

.000

%

06/15/36

$

923,845

1,380,000

Bend, Oregon, General Obligation Bonds, Series 2024

.000

06/01/36

1,548,416

350,000

Benton and Linn Counties District School District 509J Corvallis,

Oregon, General Obligation Bonds, Series 2018A

.000

06/15/26

357,247

2,835,000

Benton and Linn Counties District School District 509J Corvallis,

Oregon, General Obligation Bonds, Series 2018A

.000

06/15/27

2,970,102

350,000

Benton County, Oregon, Full Faith and Credit Obligations, Series

2023

.000

06/01/37

380,538

250,000

Benton County, Oregon, Full Faith and Credit Obligations, Series

2023

.000

06/01/38

268,666

1,000,000

Boardman, Morrow County, Oregon, General Obligation Bonds,

Series 2021 - BAM Insured

.000

06/15/35

1,014,473

680,000

(b) Chemeketa Community College District, Oregon, General

Obligation Bonds, Series 2025B

.000

06/15/38

739,065

1,000,000

(b) Chemeketa Community College District, Oregon, General

Obligation Bonds, Series 2025B

.000

06/15/42

1,050,474

1,665,000

Clackamas and Multnomah Counties School District 7J Lake

Oswego, Oregon, General Obligation Bonds, Series 2017

.000

06/01/32

1,687,200

1,000,000

Clackamas and Multnomah Counties School District 7J, Lake

Oswego, Oregon, General Obligation Bonds, Series 2025

.000

06/01/42

1,048,703

875,000

Clackamas Community College District, Oregon, General

Obligation Bonds, Refunding Series 2025

.000

06/15/42

922,743

3,575,000

Clackamas County School District 12, North Clackamas, Oregon,

General Obligation Bonds, Deferred Interest Series 2017A

.000

06/15/41

1,529,959

585,000

Clackamas County School District 12, North Clackamas, Oregon,

General Obligation Bonds, Series 2018

.000

06/15/31

620,697

550,000

Clackamas County School District 12, North Clackamas, Oregon,

General Obligation Bonds, Series 2018

.000

06/15/32

581,418

1,225,000

Clackamas County School District 62, Oregon City, Oregon,

General Obligation Bonds, Series 2025B

.000

06/15/44

1,269,885

1,135,000

David Douglas School District 40, Multnomah County, Oregon,

General Obligation Bonds, Series 2023A

.000

06/15/34

811,591

2,000,000

David Douglas School District 40, Multnomah County, Oregon,

General Obligation Bonds, Series 2023A

.000

06/15/35

1,350,990

1,210,000

David Douglas School District 40, Multnomah County, Oregon,

General Obligation Bonds, Series 2023A

.000

06/15/37

718,484

1,000,000

David Douglas School District 40, Multnomah County, Oregon,

General Obligation Bonds, Series 2023A

.000

06/15/38

553,737

1,000,000

Deschutes and Jefferson Counties School District 2J Redmond,

Oregon, General Obligation Bonds, Series 2025

.000

06/15/42

1,050,486

1,335,000

Deschutes County Administrative School District 1, Bend-La Pine,

Oregon, General Obligation Bonds, Series 2023

.000

06/15/36

1,462,698

2,000,000

Deschutes County Administrative School District 1, Bend-La Pine,

Oregon, General Obligation Bonds, Series 2025

.000

06/15/41

2,124,889

1,845,000

Jackson County School District 5 Ashland, Oregon, General

Obligation Bonds, Series 2019

.000

06/15/34

1,955,953

230,000

Keizer, Oregon, General Obligation Assessment Bonds, Keizer

Station Area A Local Improvement District, Series 2008

.200

06/01/31

230,916

1,000,000

Lane Community College, Lane, Linn, Benton and Douglas

Counties, Oregon, General Obligation Bonds, Series 2020A

.000

06/15/33

1,034,633

1,750,000

Lane Community College, Lane, Linn, Benton and Douglas

Counties, Oregon, General Obligation Bonds, Series 2020A

.000

06/15/34

1,795,794

3,900,000

Lane County School District 4J Eugene, Oregon, General

Obligation Bonds, School Bond Guaranty Series 2019

.000

06/15/35

3,948,167

500,000

(c) Lincoln County School District, Oregon, General Obligation

Bonds, Conv Deferred Interest, Series 2025

.000

06/15/37

515,589

500,000

(c) Lincoln County School District, Oregon, General Obligation

Bonds, Conv Deferred Interest, Series 2025

.000

06/15/39

504,085

2,000,000

Marion and Polk Counties School District 24J, Salem-Kreizer,

Oregon, General Obligation Bonds, Convertible Deferred

Interest Series 2020B

.000

06/15/34

2,159,775

2,145,000

Marion and Polk Counties School District 24J, Salem-Kreizer,

Oregon, General Obligation Bonds, Convertible Deferred

Interest Series 2020B

.000

06/15/35

2,301,527

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/GENERAL

(continued)

$

2,000,000

Marion and Polk Counties School District 24J, Salem-Kreizer,

Oregon, General Obligation Bonds, Series 2018

.000

%

06/15/33

$

2,092,916

1,050,000

Marion and Polk Counties School District 24J, Salem-Kreizer,

Oregon, General Obligation Bonds, Series 2018

.000

06/15/38

1,078,487

1,000,000

Marion County School District 15 North Marion, Oregon, General

Obligation Bonds, Series 2018B

.000

06/15/31

1,053,859

2,500,000

Metro, Oregon, General Obligation Bonds, Series 2020A

.000

06/01/34

2,580,975

1,590,000

Metro, Oregon, General Obligation Bonds, Series 2025

.000

06/01/41

1,696,829

1,060,000

Mount Hood Community College District, Oregon, General

Obligation Bonds, Series 2025

.000

06/15/42

1,104,931

450,000

Oregon Coast Community College District, Lincoln County,

Oregon, General Obligation Bonds, Convertible Deferred

Interest Series 2024

.000

06/15/39

486,734

350,000

Oregon Coast Community College District, Lincoln County,

Oregon, General Obligation Bonds, Convertible Deferred

Interest Series 2024

.000

06/15/41

372,321

770,000

Oregon State, General Obligation Bonds, Series 2024A

.000

05/01/37

851,907

145,000

Port of Alsea, Lincoln County, Oregon, General Obligation

Bonds, Series 2018

.750

06/15/28

145,792

180,000

Port of Alsea, Lincoln County, Oregon, General Obligation

Bonds, Series 2018

.000

06/15/33

180,166

900,000

Portland Community College District, Multnomah County,

Oregon, General Obligation Bonds, Refunding Series 2016

.000

06/15/29

914,975

1,455,000

Portland Community College District, Multnomah County,

Oregon, General Obligation Bonds, Series 2023

.000

06/15/38

1,565,381

500,000

Redmond Area Park and Recreation District, Deschutes County,

Oregon, General Obligation Bonds, Series 2023

.000

06/15/34

557,049

1,850,000

Redmond, Oregon, Full Faith and Credit Obligations, Airport

Expansion Project, Series 2025A, (AMT)

.000

06/01/37

1,945,516

500,000

Redmond, Oregon, Full Faith and Credit Obligations, Airport

Expansion Project, Series 2025A, (AMT)

.000

06/01/39

516,076

630,000

Redmond, Oregon, Full Faith and Credit Obligations, Series

2019B-1

.000

06/01/36

655,611

2,285,000

Saint Helens, Oregon, Full Faith and Credit Obligations, Series

2021

.000

08/01/41

2,143,285

1,000,000

Tillamook County School District 009, Oregon, General

Obligation Bonds, Series 2025

.000

06/15/39

1,070,958

245,000

Umatilla County School District 6R Umatilla, Oregon, General

Obligation Bonds, Series 2017

.000

06/15/27

256,456

340,000

Umatilla County School District 6R Umatilla, Oregon, General

Obligation Bonds, Series 2017

.000

06/15/29

354,280

315,000

Umatilla County School District 6R Umatilla, Oregon, General

Obligation Bonds, Series 2017

.000

06/15/31

325,998

500,000

Washington and Clackamas Counties School District 23J Tigard-

Tualatin, Oregon, General Obligation Bonds, Series 2025

.000

06/15/37

555,977

750,000

Washington and Clackamas Counties School District 23J Tigard-

Tualatin, Oregon, General Obligation Bonds, Series 2025

.000

06/15/38

822,832

750,000

Washington and Clackamas Counties School District 23J Tigard-

Tualatin, Oregon, General Obligation Bonds, Series 2025

.000

06/15/39

814,556

6,000,000

Washington County School District 13, Oregon, General

Obligation Bonds, Series 2024A

.000

06/15/44

2,282,507

1,320,000

Washington County, Oregon, General Obligation Bonds, Full

Faith & Credit Obligation Series 2016B

.000

03/01/31

1,328,181

2,000,000

Washington County, Oregon, General Obligation Bonds, Full

Faith & Credit Obligation Series 2025

.000

06/01/42

2,108,775

1,010,000

Washington Multnomah & Yamhill Counties School District 1J

Hillsboro, Oregon, General Obligation Bonds, Series 2017

.000

06/15/31

1,051,017

1,450,000

Washington Multnomah & Yamhill Counties School District 1J

Hillsboro, Oregon, General Obligation Bonds, Series 2017

.000

06/15/34

1,495,540

1,000,000

Yamhill County School District 40, McMinnville, Oregon, General

Obligation Bonds, Refunding Series 2016

.000

06/15/31

1,008,502

1,000,000

Yamhill County School District 40, McMinnville, Oregon, General

Obligation Bonds, Refunding Series 2016

.000

06/15/32

1,006,861

TOTAL TAX OBLIGATION/GENERAL

79,526,366

#### Portfolio of Investments August 31, 2025
(continued)

#### Oregon Intermediate

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX OBLIGATION/LIMITED - 10.6%

$

1,000,000

Beaverton, Oregon, Special Revenue Bonds, Series 2020A

.000

%

06/01/37

$

1,003,654

200,000

Cannon Beach, Clatsop County, Oregon, General Obligation

Bonds, Full Faith & Credit Obligation Series 2024

.000

06/01/37

218,895

2,260,000

Government of Guam, Business Privilege Tax Bonds, Refunding

Series 2015D

.000

11/15/28

2,271,165

500,000

Government of Guam, Business Privilege Tax Bonds, Refunding

Series 2015D

.000

11/15/29

502,470

250,000

Government of Guam, Business Privilege Tax Bonds, Refunding

Series 2025G

.250

01/01/37

267,825

1,635,000

Matching Fund Special Purpose Securitization Corporation,

Virgin Islands, Revenue Bonds, Series 2022A

.000

10/01/28

1,678,502

460,000

Matching Fund Special Purpose Securitization Corporation,

Virgin Islands, Revenue Bonds, Series 2022A

.000

10/01/32

472,760

1,000,000

Oregon Department of Administrative Services, State Lottery

Revenue Bonds, Projects and Refunding Series 2025A

.000

04/01/38

1,100,261

2,000,000

Oregon State Department of Transportation, Highway User Tax

Revenue Bonds, Refunding Subordinate Lien Series 2019A

.000

11/15/35

2,120,961

5,470,000

Oregon State Department of Transportation, Highway User Tax

Revenue Bonds, Subordinate Lien Series 2020A

.000

11/15/39

5,312,901

1,000,000

Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue

Bonds, Taxable Restructured Cofina Project Series 2019A-2

.329

07/01/40

927,442

1,600,000

Seaside, Clatsop County, Oregon, Transient Lodgings Tax

Revenue Bonds, Series 2018

.000

12/15/30

1,694,882

1,000,000

Tri-County Metropolitan Transportation District, Oregon, Capital

Grant Receipt Revenue Bonds, Series 2018A

.000

10/01/31

1,053,722

2,060,000

Tri-County Metropolitan Transportation District, Oregon, Capital

Grant Receipt Revenue Bonds, Series 2018A

.000

10/01/33

2,071,573

TOTAL TAX OBLIGATION/LIMITED

20,697,013

TRANSPORTATION - 6.6%

350,000

Jackson County, Oregon, Airport Revenue Bonds, Refunding

Series 2016 - AGM Insured

.000

12/01/34

350,631

1,000,000

(a) Port of Morrow, Morrow County Oregon, Full Faith and Credit

Obligations, Series 2024A

.150

10/01/26

999,956

3,745,000

Port of Portland, Oregon, International Airport Revenue Bonds,

Green Series 2023-29, (AMT)

.000

07/01/29

4,040,268

2,400,000

Port of Portland, Oregon, International Airport Revenue Bonds,

Green Series 2024-30A, (AMT)

.000

07/01/37

2,548,316

1,690,000

Port of Portland, Oregon, International Airport Revenue Bonds,

Series 2017-24B, (AMT)

.000

07/01/35

1,707,504

3,040,000

Port of Portland, Oregon, International Airport Revenue Bonds,

Series 2022-28, (AMT)

.000

07/01/34

3,269,681

TOTAL TRANSPORTATION

12,916,356

U.S. GUARANTEED - 0.1% (d)

425,000

Clackamas County School District 12, North Clackamas, Oregon,

General Obligation Bonds, Deferred Interest Series 2017A, (Pre-

refunded 6/15/27)

.000

06/15/41

215,936

TOTAL U.S. GUARANTEED

215,936

UTILITIES - 14.0%

2,140,000

Beaverton, Oregon, Water Revenue Bonds, Series 2020

.000

04/01/40

2,209,909

2,090,000

Beaverton, Oregon, Water Revenue Bonds, Series 2022

.000

04/01/35

2,162,071

2,150,000

Beaverton, Oregon, Water Revenue Bonds, Series 2022

.000

04/01/36

2,197,271

350,000

Central Lincoln Peoples Utility District, Oregon, Electric Revenue

Bonds, Series 2016

.000

12/01/34

351,494

1,000,000

Emerald Peoples Utility District, Oregon, Electric System Revenue

Bonds, Series 2025

.000

06/01/42

1,041,708

1,135,000

Eugene, Oregon, Electric Utility Revenue Bonds, Series 2024

.000

08/01/42

1,190,710

250,000

Eugene, Oregon, Water Utility System Revenue Bonds, Series

2023

.000

08/01/36

275,705

250,000

Eugene, Oregon, Water Utility System Revenue Bonds, Series

2023

.000

08/01/37

273,222

250,000

Eugene, Oregon, Water Utility System Revenue Bonds, Series

2023

.000

08/01/38

270,261

1,065,000

Guam Government Waterworks Authority, Water and Wastewater

System Revenue Bonds, Series 2016

.000

07/01/28

1,080,800

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTILITIES

(continued)

$

1,120,000

Guam Government Waterworks Authority, Water and Wastewater

System Revenue Bonds, Series 2016

.000

%

07/01/29

$

1,136,126

1,180,000

Guam Government Waterworks Authority, Water and Wastewater

System Revenue Bonds, Series 2016

.000

07/01/30

1,195,833

500,000

Guam Power Authority, Revenue Bonds, Refunding Series 2024A

.000

10/01/36

539,830

1,250,000

Guam Power Authority, Revenue Bonds, Refunding Series 2024A

.000

10/01/38

1,313,328

1,595,000

Portland, Oregon, Sewer System Revenue Bonds, Second Lien

Refunding Series 2023A

.000

12/01/36

1,748,024

500,000

Portland, Oregon, Sewer System Revenue Bonds, Second Lien

Refunding Series 2025A

.000

10/01/42

526,431

2,500,000

Portland, Oregon, Water System Revenue Bonds, Refunding First

Lien Series 2016A

.000

04/01/33

2,511,140

3,000,000

Portland, Oregon, Water System Revenue Bonds, Refunding First

Lien Series 2022A

.000

04/01/35

3,066,559

1,000,000

(a) Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds,

Refunding Senior Lien Series 2021B

.000

07/01/33

1,044,755

1,000,000

(b) Tigard, Washington County, Oregon, Water System Revenue

Bonds, Refunding Series 2025 - BAM Insured

.000

08/01/43

1,032,430

1,525,000

(a) Warm Springs Reservation Confederated Tribes, Oregon,

Hydroelectric Revenue Bonds, Tribal Economic Development

Bond Pelton Round Butte Project, Taxable Refunding Green

Series 2019B

.000

11/01/33

1,621,773

500,000

(a) Warm Springs Reservation Confederated Tribes, Oregon,

Hydroelectric Revenue Bonds, Tribal Economic Development

Bond Pelton Round Butte Project, Taxable Refunding Green

Series 2019B

.000

11/01/36

523,274

TOTAL UTILITIES

27,312,654

TOTAL MUNICIPAL BONDS

(Cost $192,893,213)

190,760,062

TOTAL LONG-TERM INVESTMENTS

(Cost $192,893,213)

190,760,062

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 1.6%

X

3,195,000

MUNICIPAL BONDS - 1.6%

X

–

HEALTH CARE - 0.4%

$

800,000

(e),(f)

Oregon Facilities Authority, Revenue Bonds, Peacehealth System,

Refunding Series 2018A

.750

08/01/34

$

800,000

TOTAL HEALTH CARE

800,000

TAX OBLIGATION/GENERAL - 1.2%

2,395,000

(e),(f)

Oregon State, General Obligation Bonds, Veteran's Welfare

Series 110 Series 2022E

.950

06/01/45

2,395,000

TOTAL TAX OBLIGATION/GENERAL

2,395,000

TOTAL MUNICIPAL BONDS

(Cost $3,195,000)

3,195,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $3,195,000)

3,195,000

TOTAL INVESTMENTS - 99.1%

(Cost $196,088,213)

193,955,062

OTHER ASSETS & LIABILITIES, NET - 0.9%

1,814,582

NET ASSETS - 100%

$

195,769,644

AMT

Alternative Minimum Tax

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the reporting period, the aggregate value of these securities is $6,127,145 or 3.2% of Total Investments.

(b) When-issued or delayed delivery security.

(c) Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding.

The rate shown is the coupon as of the end of the reporting period.

(d) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely

payment of principal and interest.

(e) Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of

the security. Coupon rate reflects the rate at period end.

#### Portfolio of Investments August 31, 2025
(continued)

#### Oregon Intermediate

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

(f) Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term

investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the

reporting period. This rate changes periodically based on market conditions or a specified market index.

Oregon Intermediate

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Municipal Bonds

$

–

$

190,760,062

$

–

$

190,760,062

Short-Term Investments:

Municipal Bonds

–

3,195,000

–

3,195,000

Total

$

–

$

193,955,062

$

–

$

193,955,062

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nuveen Investment Funds, Inc.

- **b. Investment Company Act file number:** 811-05309

- **c. CIK number of Registrant:** 0000820892

- **d. LEI of Registrant:** 549300L93TESPETT4366

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

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

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

- **a. Name of Series:** Nuveen Nebraska Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000005560

- **c. LEI of Series:** 549300OIG98V38Y4GZ70

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $69753016.00

**Total Liabilities:** $613526.00

**Net Assets:** $69139490.00

**Delayed Delivery Securities:** $342213.00

**Cash Not Reported:** $1600141.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -20.17000000 | **1-Year:** -307.54000000 | **5-Year:** -849.64000000 | **10-Year:** -26342.58000000 | **30-Year:** -22770.61000000

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

- **3-Month:** 0.00000000 | **1-Year:** -148.32000000 | **5-Year:** -162.36000000 | **10-Year:** -1161.34000000 | **30-Year:** -857.20000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000015139 | 0.70%                | -0.47%               | 0.92%                |
| Class ID C000015141 | 0.82%                | -0.55%               | 0.93%                |
| Class ID C000137680 | 0.63%                | -0.64%               | 0.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $349300.98                                 |
| Month 2  | $-158717.34              | $-399323.20                                |
| Month 3  | $-93022.56               | $453595.31                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Buffalo County School District 007 Kearney Public Schools, Nebraska, General Obligation Bonds, School Building Series 2016                             | Buffalo County School District 007 Kearney Public Schools, Nebraska, General Obligation Bonds, School Building Series 2016                             | CUSIP: 119475KQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $453382.95    | 0.66%             | 2036-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 2, Nebraska, Hospital Revenue Bonds, Madonna Rehabilitation Hospital Project, Series 2014                            | Douglas County Hospital Authority 2, Nebraska, Hospital Revenue Bonds, Madonna Rehabilitation Hospital Project, Series 2014                            | CUSIP: 25923PAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $733708.47    | 1.06%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 059, Nebraska, General Obligation Bonds, Bennington Public Schools, Series 2016                                         | Douglas County School District 059, Nebraska, General Obligation Bonds, Bennington Public Schools, Series 2016                                         | CUSIP: 259353HM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $816400.10    | 1.18%             | 2041-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Utilities District of Omaha, Nebraska, Water Revenue Bonds, Refunding & System Improvement Series 2015                                    | Metropolitan Utilities District of Omaha, Nebraska, Water Revenue Bonds, Refunding & System Improvement Series 2015                                    | CUSIP: 592642EJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495205.25    | 0.72%             | 2032-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Refunding Series 2016A                                                     | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Refunding Series 2016A                                                     | CUSIP: 63968MMV8<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    660000 | PA      | $610661.90    | 0.88%             | 2036-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Omaha Public Facilities Corporation, Nebraska, Lease Revenue Bonds, Omaha Baseball Stadium Project, Refunding Series 2016A                             | Omaha Public Facilities Corporation, Nebraska, Lease Revenue Bonds, Omaha Baseball Stadium Project, Refunding Series 2016A                             | CUSIP: 681785GW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500408.55    | 0.72%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District, Nebraska, Separate Electric System Revenue Bonds, Nebraska City 2, Series 2015A                                           | Omaha Public Power District, Nebraska, Separate Electric System Revenue Bonds, Nebraska City 2, Series 2015A                                           | CUSIP: 682004EK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $267168.80    | 0.39%             | 2042-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Scotts Bluff County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Regional West Medical Center Project, Refunding & Improvement Series 2016A | Scotts Bluff County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Regional West Medical Center Project, Refunding & Improvement Series 2016A | CUSIP: 810143EM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $812731.94    | 1.18%             | 2037-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Power Generation Agency, Nebraska, Whelan Energy Center Unit 2 Revenue Bonds, Refunding Series 2016A                                            | Public Power Generation Agency, Nebraska, Whelan Energy Center Unit 2 Revenue Bonds, Refunding Series 2016A                                            | CUSIP: 744434EM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518691.50   | 2.20%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Series 2017                       | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Series 2017                       | CUSIP: 259230NG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $182142.14    | 0.26%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Refunding Series 2017A                  | Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Refunding Series 2017A                  | CUSIP: 557352EU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256227.08    | 0.37%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Series 2017                       | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Series 2017                       | CUSIP: 259230NJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494052.75    | 0.71%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Nebraska Facilities Corporation, Nebraska, Facilities Bonds, Refunding Series 2017B                                                      | University of Nebraska Facilities Corporation, Nebraska, Facilities Bonds, Refunding Series 2017B                                                      | CUSIP: 914639JX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $739104.30    | 1.07%             | 2037-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District, General Revenue Bonds, Series 2016A                                                                                    | Nebraska Public Power District, General Revenue Bonds, Series 2016A                                                                                    | CUSIP: 63968AJ55<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003319.60   | 1.45%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County, Nebraska, Educational Facilities Revenue Bonds, Creighton University Projects, Refunding Series 2017                                   | Douglas County, Nebraska, Educational Facilities Revenue Bonds, Creighton University Projects, Refunding Series 2017                                   | CUSIP: 259226CQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1218408.38   | 1.76%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017                                                 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Refunding Series 2017                                                 | CUSIP: 40065FDE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1937284.40   | 2.80%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Refunding Crossover Series 2017A                                                 | Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Refunding Crossover Series 2017A                                                 | CUSIP: 154871CN5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    465000 | PA      | $487670.24    | 0.71%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Series 2018                                                             | Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Series 2018                                                             | CUSIP: 259309K84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951517.40    | 1.38%             | 2038-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018                             | Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018                             | CUSIP: 557352FP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500080.40    | 0.72%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018                             | Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018                             | CUSIP: 557352FQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $435054.98    | 0.63%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Community College Area, Nebraska, Certificates of Participation, Series 2018                                                                 | Southeast Community College Area, Nebraska, Certificates of Participation, Series 2018                                                                 | CUSIP: 84134TAR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004672.30   | 1.45%             | 2047-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2018A                                                                     | Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2018A                                                                     | CUSIP: 682001GK2<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020743.00   | 1.48%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus, Nebraska, Sales Tax Revenue Bonds, Police & Fire Project, Series 2018                                                                        | Columbus, Nebraska, Sales Tax Revenue Bonds, Police & Fire Project, Series 2018                                                                        | CUSIP: 199446AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500514.55    | 0.72%             | 2027-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omaha, Nebraska, General Obligation Bonds, Refunding & Various Purpose Series 2018A                                                                    | Omaha, Nebraska, General Obligation Bonds, Refunding & Various Purpose Series 2018A                                                                    | CUSIP: 6817124N2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501950.55    | 0.73%             | 2037-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omaha, Nebraska, Special Tax Redevelopment Bonds, Series 2018A                                                                                         | Omaha, Nebraska, Special Tax Redevelopment Bonds, Series 2018A                                                                                         | CUSIP: 68189PGX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514563.40    | 0.74%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 059, Nebraska, General Obligation Bonds, Bennington Public Schools, School Building Series 2019                         | Douglas County School District 059, Nebraska, General Obligation Bonds, Bennington Public Schools, School Building Series 2019                         | CUSIP: 259353KB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $840062.92    | 1.22%             | 2033-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1788653.49   | 2.59%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sarpy County School District 037 Gretna Public Schools, Nebraska, General Obligation Bonds, Series 2019                                                | Sarpy County School District 037 Gretna Public Schools, Nebraska, General Obligation Bonds, Series 2019                                                | CUSIP: 803770ST4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020535.80   | 1.48%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 1, Nebraska, General Obligation Bonds, Omaha Public Schools Series 2020                                                 | Douglas County School District 1, Nebraska, General Obligation Bonds, Omaha Public Schools Series 2020                                                 | CUSIP: 259291QU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1152420.30   | 1.67%             | 2043-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County School District 1, Lincoln, Nebraska, General Obligation Bonds, Series 2020                                                           | Lancaster County School District 1, Lincoln, Nebraska, General Obligation Bonds, Series 2020                                                           | CUSIP: 514014SA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $781239.00    | 1.13%             | 2043-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Refunding Series 2020A            | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Refunding Series 2020A            | CUSIP: 259230PE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $531876.90    | 0.77%             | 2040-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Refunding Series 2020A            | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Refunding Series 2020A            | CUSIP: 259230PF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $272508.90    | 0.39%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Community College Area, Nebraska, Facilities Revenue Bonds, Series 2020                                                                      | Southeast Community College Area, Nebraska, Facilities Revenue Bonds, Series 2020                                                                      | CUSIP: 84134UBN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $371559.40    | 0.54%             | 2045-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Educational, Health, Cultural and Social Services Finance Authority, Revenue Bonds, Immanuel Retirement Communities Obligated Group, Series 2 | Nebraska Educational, Health, Cultural and Social Services Finance Authority, Revenue Bonds, Immanuel Retirement Communities Obligated Group, Series 2 | CUSIP: 63967UAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1003732.68   | 1.45%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Saline County, Nebraska, Educational Facilities Revenue Bonds, Doane College Project, Refunding Series 2020A                                           | Saline County, Nebraska, Educational Facilities Revenue Bonds, Doane College Project, Refunding Series 2020A                                           | CUSIP: 79517YBZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $411424.48    | 0.60%             | 2035-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2021A                                                               | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2021A                                                               | CUSIP: 63968MYF0<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    100000 | PA      | $77884.90     | 0.11%             | 2035-09-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2021A                                                               | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2021A                                                               | CUSIP: 63968MYG8<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |     45000 | PA      | $32977.59     | 0.05%             | 2037-09-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| University of Nebraska Facilities Corporation, Nebraska, Facilities Program Bonds, Green Series 2021B                                                  | University of Nebraska Facilities Corporation, Nebraska, Facilities Program Bonds, Green Series 2021B                                                  | CUSIP: 914639LG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017731.80   | 2.92%             | 2051-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lincoln, Nebraska, Airport Revenue Bonds, Series 2021                                                                                                  | Lincoln, Nebraska, Airport Revenue Bonds, Series 2021                                                                                                  | CUSIP: 534247QY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967348.20    | 1.40%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A                                                  | Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A                                                  | CUSIP: 57665NAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1088202.89   | 1.57%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kearney, Nebraska, General Obligation Bonds, Recreational Facilities Series 2022                                                                       | Kearney, Nebraska, General Obligation Bonds, Recreational Facilities Series 2022                                                                       | CUSIP: 4868907N0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $860769.77    | 1.24%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority, Revenue Bonds, Refunding Series 2022A                                                                                            | Guam Power Authority, Revenue Bonds, Refunding Series 2022A                                                                                            | CUSIP: 400653KJ9<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505463.05    | 0.73%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska State Colleges Facilities Corporation, Nebraska, Revenue Bonds, Facilities Program Series 2022B                                               | Nebraska State Colleges Facilities Corporation, Nebraska, Revenue Bonds, Facilities Program Series 2022B                                               | CUSIP: 639684GY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1256437.22   | 1.82%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Sanitary and Improvement District 608 North Streams, Nebraska, General Obligation Bonds, Series 2022                                    | Douglas County Sanitary and Improvement District 608 North Streams, Nebraska, General Obligation Bonds, Series 2022                                    | CUSIP: 25940PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1071542.75   | 1.55%             | 2047-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| La Vista, Sarpy County, Nebraska, Tax Supported Bonds, Taxable Refunding Series 2022                                                                   | La Vista, Sarpy County, Nebraska, Tax Supported Bonds, Taxable Refunding Series 2022                                                                   | CUSIP: 505318WL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031934.80   | 1.49%             | 2042-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2022B                                                                     | Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2022B                                                                     | CUSIP: 682001HP0<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    750000 | PA      | $759909.98    | 1.10%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Otoe County School District 0501 Palmyra District OR-1, Nebraska, General Obligation Bonds, School Building Series 2022                                | Otoe County School District 0501 Palmyra District OR-1, Nebraska, General Obligation Bonds, School Building Series 2022                                | CUSIP: 68905WFN7<br>LEI: 549300R8E2J7ZYWLX040 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024135.50   | 1.48%             | 2042-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha, Nebraska, General Obligation Bonds, Various Purpose Series 2022                                                                                 | Omaha, Nebraska, General Obligation Bonds, Various Purpose Series 2022                                                                                 | CUSIP: 681713AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046132.80   | 1.51%             | 2041-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams County, Nebraska, General Obligation Bonds, Series 2023A                                                                                         | Adams County, Nebraska, General Obligation Bonds, Series 2023A                                                                                         | CUSIP: 006058DZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504075.00    | 0.73%             | 2042-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha, Nebraska, General Obligation Bonds, Refunding & Various Purpose Series 2019                                                                     | Omaha, Nebraska, General Obligation Bonds, Refunding & Various Purpose Series 2019                                                                     | CUSIP: 6817125V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501395.15    | 0.73%             | 2037-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omaha Airport Authority, Nebraska, Airport Facilities Revenue Bonds, Series 2017A                                                                      | Omaha Airport Authority, Nebraska, Airport Facilities Revenue Bonds, Series 2017A                                                                      | CUSIP: 681725LY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $462189.51    | 0.67%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Airport Authority, Nebraska, Airport Facilities Revenue Bonds, Series 2017A                                                                      | Omaha Airport Authority, Nebraska, Airport Facilities Revenue Bonds, Series 2017A                                                                      | CUSIP: 681725MN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $554001.25    | 0.80%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District, General Revenue Bonds, Series 2023A                                                                                    | Nebraska Public Power District, General Revenue Bonds, Series 2023A                                                                                    | CUSIP: 63968A7W9<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1272923.40   | 1.84%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County School District 17, Nebraska, General Obligation Bonds, Wayne Community Schools, School Building Series 2023                              | Wayne County School District 17, Nebraska, General Obligation Bonds, Wayne Community Schools, School Building Series 2023                              | CUSIP: 945812ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $901349.50    | 1.30%             | 2048-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Blair, Nebraska, Highway Allocation Fund Pledge Bonds, Series 2023                                                                                     | Blair, Nebraska, Highway Allocation Fund Pledge Bonds, Series 2023                                                                                     | CUSIP: 093005NP7<br>LEI: 549300ZJEPYO43R7FL81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $453616.25    | 0.66%             | 2043-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 54, Ralston, Nebraska, General Obligation Bonds, Series 2023                                                            | Douglas County School District 54, Ralston, Nebraska, General Obligation Bonds, Series 2023                                                            | CUSIP: 259345QZ2<br>LEI: 5493001OD76DCJN87865 | Long             | DBT              | MUN               | US        |    405000 | PA      | $416428.01    | 0.60%             | 2043-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 54, Ralston, Nebraska, General Obligation Bonds, Series 2023                                                            | Douglas County School District 54, Ralston, Nebraska, General Obligation Bonds, Series 2023                                                            | CUSIP: 259345RA6<br>LEI: 5493001OD76DCJN87865 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016253.90   | 1.47%             | 2048-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska State Colleges, Student Fees and Facilities Revenue Bonds, Board of Trustees, Wayne State College Series 2023                                 | Nebraska State Colleges, Student Fees and Facilities Revenue Bonds, Board of Trustees, Wayne State College Series 2023                                 | CUSIP: 583456KF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008265.90   | 1.46%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| La Vista, Nebraska, General Obligation Bonds, Highway Allocation Pledge Series 2023                                                                    | La Vista, Nebraska, General Obligation Bonds, Highway Allocation Pledge Series 2023                                                                    | CUSIP: 505318WY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042563.70   | 1.51%             | 2043-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 66, Westside, Nebraska, General Obligation Bonds, Series 2023                                                           | Douglas County School District 66, Westside, Nebraska, General Obligation Bonds, Series 2023                                                           | CUSIP: 259363WX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $656408.64    | 0.95%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project, Nebraska, Gas Project 4 Revenue Bonds, Refunding Series 2023A-1                                                         | Central Plains Energy Project, Nebraska, Gas Project 4 Revenue Bonds, Refunding Series 2023A-1                                                         | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058901.20   | 1.53%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Papillion-LaVista School District 27, Sarpy County, Nebraska, General Obligation Bonds, Series 2023                                                    | Papillion-LaVista School District 27, Sarpy County, Nebraska, General Obligation Bonds, Series 2023                                                    | CUSIP: 698873K54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951787.90    | 1.38%             | 2043-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Dodge County School District 1 Fremont, Nebraska, General Obligation Bonds, Series 2023                                                                | Dodge County School District 1 Fremont, Nebraska, General Obligation Bonds, Series 2023                                                                | CUSIP: 256435LW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $764083.35    | 1.11%             | 2048-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Omaha, Nebraska, Special Tax Revenue Redevelopment and Refunding Bonds, Series 2024A                                                           | City of Omaha, Nebraska, Special Tax Revenue Redevelopment and Refunding Bonds, Series 2024A                                                           | CUSIP: 68189PJY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $777906.30    | 1.13%             | 2044-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Sanitary and Improvement District 607 Deer Crest, Nebraska, General Obligation Bonds, Series 2024                                       | Douglas County Sanitary and Improvement District 607 Deer Crest, Nebraska, General Obligation Bonds, Series 2024                                       | CUSIP: 25936MAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $399909.56    | 0.58%             | 2044-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Custer County School District 025 Broken Bow Public Schools, Nebraska, General Obligation Bonds, School Building Series 2024                           | Custer County School District 025 Broken Bow Public Schools, Nebraska, General Obligation Bonds, School Building Series 2024                           | CUSIP: 231795AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012787.40   | 1.46%             | 2041-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County School District 17, Nebraska, General Obligation Bonds, Wayne Community Schools, School Building Series 2024                              | Wayne County School District 17, Nebraska, General Obligation Bonds, Wayne Community Schools, School Building Series 2024                              | CUSIP: 945812FJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $536248.91    | 0.78%             | 2043-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Series 2024                                                             | Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Series 2024                                                             | CUSIP: 2593092S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $886357.50    | 1.28%             | 2045-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2024A                                                                     | Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2024A                                                                     | CUSIP: 682001LP5<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056674.50   | 1.53%             | 2049-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kearney County School District 501, Nebraska, General Obligation Bonds, Axtell Community Schools School Building Series 2024                           | Kearney County School District 501, Nebraska, General Obligation Bonds, Axtell Community Schools School Building Series 2024                           | CUSIP: 486837CT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $385887.30    | 0.56%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kearney County School District 501, Nebraska, General Obligation Bonds, Axtell Community Schools School Building Series 2024                           | Kearney County School District 501, Nebraska, General Obligation Bonds, Axtell Community Schools School Building Series 2024                           | CUSIP: 486837CU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $336380.14    | 0.49%             | 2044-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hall County, Nebraska, Limited Tax Bonds, Building Series 2024                                                                                         | Hall County, Nebraska, Limited Tax Bonds, Building Series 2024                                                                                         | CUSIP: 406027DL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $223016.15    | 0.32%             | 2044-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hall County, Nebraska, Limited Tax Bonds, Building Series 2024                                                                                         | Hall County, Nebraska, Limited Tax Bonds, Building Series 2024                                                                                         | CUSIP: 406027DK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255588.08    | 0.37%             | 2040-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nance County School District 30, Nebraska, General Obligation Bonds, Twin River Public School School Building Series 2024                              | Nance County School District 30, Nebraska, General Obligation Bonds, Twin River Public School School Building Series 2024                              | CUSIP: 63000RBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $435946.50    | 0.63%             | 2049-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Bellevue, Nebraska, Tax Supported Municipal Improvement Bonds, Series 2024                                                                             | Bellevue, Nebraska, Tax Supported Municipal Improvement Bonds, Series 2024                                                                             | CUSIP: 079213AR5<br>LEI: 549300KRKQE0NF2MSP79 | Long             | DBT              | MUN               | US        |    750000 | PA      | $646386.08    | 0.93%             | 2049-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Omaha, Nebraska, Special Tax Redevelopment Bonds, Series 2024C                                                                                         | Omaha, Nebraska, Special Tax Redevelopment Bonds, Series 2024C                                                                                         | CUSIP: 68189PLM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $869196.60    | 1.26%             | 2049-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Platte Airport Authority, Nebraska, General Obligation Bonds, Series 2024                                                                        | North Platte Airport Authority, Nebraska, General Obligation Bonds, Series 2024                                                                        | CUSIP: 661618GD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $261572.07    | 0.38%             | 2044-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Omaha Airport Authority, Nebraska, Airport Facilities Revenue Bonds, Series 2024                                                                       | Omaha Airport Authority, Nebraska, Airport Facilities Revenue Bonds, Series 2024                                                                       | CUSIP: 681725NK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010903.40   | 1.46%             | 2049-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| York County School District 12, Nebraska, General Obligation Bonds, School Building Series 2024                                                        | York County School District 12, Nebraska, General Obligation Bonds, School Building Series 2024                                                        | CUSIP: 986365HJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $761960.78    | 1.10%             | 2045-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wheat Belt Public Power District, Nebraska, Electric System Revenue Bonds, Series 2025                                                                 | Wheat Belt Public Power District, Nebraska, Electric System Revenue Bonds, Series 2025                                                                 | CUSIP: 96254LMJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93239.19     | 0.13%             | 2041-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Wheat Belt Public Power District, Nebraska, Electric System Revenue Bonds, Series 2025                                                                 | Wheat Belt Public Power District, Nebraska, Electric System Revenue Bonds, Series 2025                                                                 | CUSIP: 96254LML5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $306921.64    | 0.44%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County, Nebraska, Educational Facilities Revenue Bonds, Creighton University Projects, Refunding Series 2025                                   | Douglas County, Nebraska, Educational Facilities Revenue Bonds, Creighton University Projects, Refunding Series 2025                                   | CUSIP: 259226DT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511685.05    | 0.74%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Series 2025                                                             | Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Series 2025                                                             | CUSIP: 2593093Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019355.70   | 1.47%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cass County School District 56 Conestoga Public Schools, Nebraska, General Obligation Bonds, School Building Series 2025A                              | Cass County School District 56 Conestoga Public Schools, Nebraska, General Obligation Bonds, School Building Series 2025A                              | CUSIP: 148024HK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $286814.55    | 0.41%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Papillion-LaVista School District 27, Sarpy County, Nebraska, General Obligation Bonds, Series 2025                                                    | Papillion-LaVista School District 27, Sarpy County, Nebraska, General Obligation Bonds, Series 2025                                                    | CUSIP: 698873N77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024146.80   | 1.48%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2025A                                                                     | Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2025A                                                                     | CUSIP: 682001PD8<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520242.05    | 0.75%             | 2043-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District 66, Westside, Nebraska, General Obligation Bonds, Series 2025B                                                          | Douglas County School District 66, Westside, Nebraska, General Obligation Bonds, Series 2025B                                                          | CUSIP: 259363XT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $435390.40    | 0.63%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Series 2025                          | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Series 2025                          | CUSIP: 259230QC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $485296.64    | 0.70%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Series 2025                          | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Series 2025                          | CUSIP: 259230QM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $606438.73    | 0.88%             | 2049-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015                | Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015                | CUSIP: 259234DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $240597.55    | 0.35%             | 2036-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015                | Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015                | CUSIP: 259234DH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $253690.06    | 0.37%             | 2036-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015                | Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015                | CUSIP: 259234DE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $918573.53    | 1.33%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015                | Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015                | CUSIP: 259234DG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1066564.55   | 1.54%             | 2045-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gretna, Nebraska, Tax Supported Municipal Improvement Bonds, Refunding Series 2025B                                                                    | Gretna, Nebraska, Tax Supported Municipal Improvement Bonds, Refunding Series 2025B                                                                    | CUSIP: 397802QQ5<br>LEI: 549300VHFFLXCKH8RB83 | Long             | DBT              | MUN               | US        |    350000 | PA      | $343464.28    | 0.50%             | 2041-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** Nuveen Investment Funds, Inc.

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting