# EDGAR Filing Document

**Accession Number:** 0000906236
**File Stem:** 0000940400-25-005611
**Filing Date:** 2025-10
**Character Count:** 92198
**Document Hash:** 40724d71429ffb75814d95744ebef1f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-005611.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000940400-25-005611

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VOYAGEUR MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0000906236

**ORGANIZATION NAME:**
- **EIN:** 411720518
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07742
- **FILM NUMBER:** 251429336

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VOYAGEUR MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### Macquarie Tax-Free California Fund (Series ID: S000002414)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000006415 | Class A             | DVTAX           |
| C000006417 | Class C             | DVFTX           |
| C000135926 | Institutional Class | DCTIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Voyageur Mutual Funds

- **b. Investment Company Act file number:** 811-07742

- **c. CIK number of Registrant:** 0000906236

- **d. LEI of Registrant:** 549300D8BQFTKREY6O09

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

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

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

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

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

- **b. EDGAR series identifier (if any):** S000002414

- **c. LEI of Series:** I77CW6L89B72OZ5GY868

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $279289293.34

**Total Liabilities:** $2401233.36

**Net Assets:** $276888059.98

**Delayed Delivery Securities:** $1027460.00

**Cash Not Reported:** $395504.23

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 93.96395000 | **1-Year:** 1392.29727000 | **5-Year:** 17859.35235000 | **10-Year:** 222711.92772000 | **30-Year:** 51498.93478000

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

- **3-Month:** 14.89664000 | **1-Year:** 103.63349000 | **5-Year:** 609.73318000 | **10-Year:** 14952.86083000 | **30-Year:** 6647.95773000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006415 | 0.42%                | -1.27%               | 0.83%                |
| Class ID C000006417 | 0.45%                | -1.42%               | 0.77%                |
| Class ID C000135926 | 0.54%                | -1.34%               | 0.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-867426.65              | $1172546.55                                |
| Month 2  | $-646014.82              | $-3981622.52                               |
| Month 3  | $-1173876.21             | $2485854.22                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LONG BEACH CA BOND FIN AUTH NA | Long Beach Bond Finance Authority                                               | CUSIP: 54241AAZ6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |    165000 | PA      | $182023.05    | 0.07%             | 2037-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE     | California State University                                                     | CUSIP: 13077DWF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048670.00   | 0.38%             | 2050-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5995000 | PA      | $5498913.75   | 1.99%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L | California State Public Works Board                                             | CUSIP: 13068LD51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1378462.75   | 0.50%             | 2036-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU | San Diego County Regional Airport Authority                                     | CUSIP: 79739GTE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2667777.25   | 0.96%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MATCHING FUND SPL PURPOSE SECU | Matching Fund Special Purpose Securitization Corp                               | CUSIP: 57665NAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513865.00    | 0.19%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                | CUSIP: 13032UMN5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $891030.00    | 0.32%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU | San Diego County Regional Airport Authority                                     | CUSIP: 79739GNZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $819220.00    | 0.30%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES | University of California                                                        | CUSIP: 91412HQY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2087120.00   | 0.75%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE CHILDRENS TRUST FUND PR TO | Children's Trust Fund                                                           | CUSIP: 16876QBL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  47000000 | PA      | $2304410.00   | 0.83%             | 2057-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA CMNTY CLG DIST   | Long Beach Community College District                                           | CUSIP: 542411PX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1067075.00   | 0.39%             | 2038-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT | California Statewide Communities Development Authority                          | CUSIP: 13080SYX6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $441210.00    | 0.16%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL ESTRN TRANSPRTN CORRI | Foothill-Eastern Transportation Corridor Agency                                 | CUSIP: 345105JD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $397100.00    | 0.14%             | 2053-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $1647866.70   | 0.60%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QWE8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    150000 | PA      | $99562.50     | 0.04%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QVC3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    470000 | PA      | $311962.50    | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT | California Educational Facilities Authority                                     | CUSIP: 130179SD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3695160.00   | 1.33%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY CA ARPT SYS RE | County of Sacramento CA Airport System Revenue                                  | CUSIP: 786107VC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1328985.55   | 0.48%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT | California Statewide Communities Development Authority                          | CUSIP: 13080SUG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $413635.00    | 0.15%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ED | California Municipal Finance Authority                                          | CUSIP: 130497AX8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1693065.00   | 0.61%             | 2054-06-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT | California Statewide Communities Development Authority                          | CUSIP: 13080SM76<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021060.00   | 0.73%             | 2052-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH | California Municipal Finance Authority                                          | CUSIP: 13048DCQ9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    300000 | PA      | $260625.00    | 0.09%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A | California Enterprise Development Authority                                     | CUSIP: 13067RDW0<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $848230.00    | 0.31%             | 2053-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN | California Pollution Control Financing Authority                                | CUSIP: 13054WAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $892614.60    | 0.32%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QXP2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     55000 | PA      | $36368.75     | 0.01%             | 2024-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TRX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933710.00    | 0.34%             | 2063-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                | CUSIP: 13032UXE3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $1998898.80   | 0.72%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT | California Statewide Communities Development Authority                          | CUSIP: 13080SWK6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $821570.00    | 0.30%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                      | CUSIP: 544445NV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1866480.00   | 0.67%             | 2049-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TQF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870240.00    | 0.31%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                     | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   4425851 | PA      | $2782753.66   | 1.01%             | 2043-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                      | CUSIP: 544445F53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1308405.00   | 0.47%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES | University of California                                                        | CUSIP: 91412HKU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $701990.00    | 0.25%             | 2051-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QKW1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    340000 | PA      | $225675.00    | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR | Southern California Public Power Authority                                      | CUSIP: 842469DK1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997150.00    | 0.36%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE     | California State University                                                     | CUSIP: 13077DRU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6650000 | PA      | $4610644.50   | 1.67%             | 2052-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QA28<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    350000 | PA      | $232312.50    | 0.08%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048T5E9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $248967.50    | 0.09%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $653481.40    | 0.24%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN | M-S-R Energy Authority                                                          | CUSIP: 55374SAJ9<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1905000 | PA      | $2264340.15   | 0.82%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P | Los Angeles Department of Water & Power                                         | CUSIP: 544532MS0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2341952.00   | 0.85%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A | California Enterprise Development Authority                                     | CUSIP: 13068WAG6<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1267636.50   | 0.46%             | 2063-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                | CUSIP: 13032UMP0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2575225.00   | 0.93%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                 | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3210540.00   | 1.16%             | 2056-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                 | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1580280.00   | 0.57%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA | California School Finance Authority                                             | CUSIP: 13059TBD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $575000.00    | 0.21%             | 2034-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH WTR & WS | Guam Government Waterworks Authority                                            | CUSIP: 40065FEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1861512.90   | 0.67%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QKX9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $773268.75    | 0.28%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TTM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $684397.00    | 0.25%             | 2063-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TRV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $265515.60    | 0.10%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL ESTRN TRANSPRTN CORRI | Foothill-Eastern Transportation Corridor Agency                                 | CUSIP: 345105GT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $858697.20    | 0.31%             | 2053-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GDB DEBT RECOVERY AUTH OF CMWL | GDB Debt Recovery Authority of Puerto Rico                                      | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4963473 | PA      | $4792630.26   | 1.73%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FOOTHILL ESTRN TRANSPRTN CORRI | Foothill-Eastern Transportation Corridor Agency                                 | CUSIP: 345105JJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2136725.50   | 0.77%             | 2043-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TEL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $783484.80    | 0.28%             | 2051-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                      | CUSIP: 544445SN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1657151.55   | 0.60%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TLZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $213527.25    | 0.08%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVINE CA FACS FING AUTH SPL T | Irvine Facilities Financing Authority                                           | CUSIP: 46360WAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1017489.95   | 0.37%             | 2058-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                             | CUSIP: 13063DUQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2436785.00   | 0.88%             | 2046-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048TS20<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    950000 | PA      | $935313.00    | 0.34%             | 2047-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048T5G4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $241970.00    | 0.09%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1479266.80   | 0.53%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| GDB DEBT RECOVERY AUTH OF CMWL | GDB Debt Recovery Authority of Puerto Rico                                      | CUSIP: 36829QAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300334 | PA      | $287716.97    | 0.10%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A | California Enterprise Development Authority                                     | CUSIP: 13067VBT0<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2618900.00   | 0.95%             | 2059-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                 | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2671425.00   | 0.96%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048TWL3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000040.00   | 0.36%             | 2040-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH | California Municipal Finance Authority                                          | CUSIP: 13048DBR8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    670000 | PA      | $588213.10    | 0.21%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TRW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $735296.00    | 0.27%             | 2053-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY | San Francisco City & County Airport Comm-San Francisco International Airport    | CUSIP: 79766DWB1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20455.80     | 0.01%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON TWP CA HLTH CARE DI | Washington Township Health Care District                                        | CUSIP: 940204DW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $252337.80    | 0.09%             | 2031-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TUM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1285425.00   | 0.46%             | 2064-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OAKLAND CA UNIF SCH DIST ALAME | Oakland Unified School District/Alameda County                                  | CUSIP: 672325R58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1560660.00   | 0.56%             | 2048-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU | San Diego County Regional Airport Authority                                     | CUSIP: 79739GNU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1487280.00   | 0.54%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TEJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500625.00    | 0.18%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P | Los Angeles Department of Water & Power                                         | CUSIP: 544532FX7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031220.00   | 0.73%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                      | CUSIP: 5444456K0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083740.00   | 0.75%             | 2051-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QVX7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    230000 | PA      | $152662.50    | 0.06%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN | California Public Finance Authority                                             | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1357985.60   | 0.49%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH | California Municipal Finance Authority                                          | CUSIP: 13048DBB3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    850000 | PA      | $745424.50    | 0.27%             | 2045-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDUCT | Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | CUSIP: 74527EFL7<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    445000 | PA      | $476261.25    | 0.17%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TTH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $465580.00    | 0.17%             | 2063-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH ST | Tobacco Securitization Authority of Southern California                         | CUSIP: 888804BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $848364.60    | 0.31%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                      | CUSIP: 5444453D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3116310.00   | 1.13%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY | San Francisco City & County Airport Comm-San Francisco International Airport    | CUSIP: 79766DWF2<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $1897052.70   | 0.69%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY & CNTY P | City of San Francisco CA Public Utilities Commission Water Revenue              | CUSIP: 79771FLL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3645285.00   | 1.32%             | 2055-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA TRANSPRTN CO | Riverside County Transportation Commission                                      | CUSIP: 76912DBA5<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   2735000 | PA      | $1876374.10   | 0.68%             | 2049-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                     | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3154636 | PA      | $2607275.11   | 0.94%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA CLARA CNTY CA HSG AUTH   | Santa Clara County Housing Authority                                            | CUSIP: 801617EM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $671366.80    | 0.24%             | 2031-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L | California State Public Works Board                                             | CUSIP: 13068XFJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $890460.00    | 0.32%             | 2047-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY | San Francisco City & County Airport Comm-San Francisco International Airport    | CUSIP: 79766DWW5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1532190.00   | 0.55%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN | California Pollution Control Financing Authority                                | CUSIP: 130536RA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $3375.00      | 0.00%             | 2039-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN | M-S-R Energy Authority                                                          | CUSIP: 55374SAF7<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    250000 | PA      | $297157.50    | 0.11%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IRVINE CA FACS FING AUTH LEASE | Irvine Facilities Financing Authority                                           | CUSIP: 46360XAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2206500.00   | 0.80%             | 2053-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TRE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $732995.00    | 0.26%             | 2062-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES | University of California                                                        | CUSIP: 91412HVX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2583725.00   | 0.93%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TSG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $507801.00    | 0.18%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT | California Statewide Communities Development Authority                          | CUSIP: 13080ST79<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1987401.00   | 0.72%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QVZ2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     45000 | PA      | $29868.75     | 0.01%             | 2026-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TOBACCO SECURITIZATION AUTH ST | Tobacco Securitization Authority of Southern California                         | CUSIP: 888804BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16770000 | PA      | $3102785.40   | 1.12%             | 2046-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L | California State Public Works Board                                             | CUSIP: 13068XLF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2559450.00   | 0.92%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA | California School Finance Authority                                             | CUSIP: 13059THU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $345079.35    | 0.12%             | 2050-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT | California Educational Facilities Authority                                     | CUSIP: 130179TM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $688814.10    | 0.25%             | 2051-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CO | California Municipal Finance Authority                                          | CUSIP: 130493CL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501210.00    | 0.18%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST CMNTY CLG FING A | California Community College Financing Authority                                | CUSIP: 13012TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1228305.00   | 0.44%             | 2060-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                 | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2086540.00   | 0.75%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT | California Educational Facilities Authority                                     | CUSIP: 130179TN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525505.00    | 0.19%             | 2051-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                | CUSIP: 13032UL22<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1379896.00   | 0.50%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048VCA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1434650.00   | 0.52%             | 2047-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI | Golden State Tobacco Securitization Corp                                        | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3343655.00   | 1.21%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                | CUSIP: 13032UNG9<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    500000 | PA      | $473955.00    | 0.17%             | 2047-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN | CSCDA Community Improvement Authority                                           | CUSIP: 126292AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3510000 | PA      | $2339590.50   | 0.84%             | 2056-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA | California School Finance Authority                                             | CUSIP: 13059THR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $170961.60    | 0.06%             | 2050-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QVD1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    335000 | PA      | $222356.25    | 0.08%             | 2033-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT | California Educational Facilities Authority                                     | CUSIP: 130179YE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2732271.75   | 0.99%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JURUPA CA CMNTY SVCS DIST SPLT | Jurupa Community Services District                                              | CUSIP: 4820976S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $178640.00    | 0.06%             | 2042-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                 | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3155610.00   | 1.14%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L | California State Public Works Board                                             | CUSIP: 13068XBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $898590.00    | 0.32%             | 2046-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TRS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939060.00    | 0.34%             | 2053-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT | California Educational Facilities Authority                                     | CUSIP: 130179GV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2177311.50   | 0.79%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STHRN CA PUBLIC PWR AUTH NATUR | Southern California Public Power Authority                                      | CUSIP: 842471AY0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    295000 | PA      | $313747.25    | 0.11%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R CA ENERGY AUTH GAS REVEN | M-S-R Energy Authority                                                          | CUSIP: 55374SAH3<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |    300000 | PA      | $358680.00    | 0.13%             | 2034-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GARDEN GROVE CA PUBLIC FING AU | Garden Grove Public Financing Authority                                         | CUSIP: 36527RBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1292295.00   | 0.47%             | 2054-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                | CUSIP: 13032UL30<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969380.00    | 0.35%             | 2058-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TSE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501800.00    | 0.18%             | 2038-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES | University of California                                                        | CUSIP: 91412HND1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022800.00   | 0.73%             | 2052-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048TSX2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    635000 | PA      | $539692.85    | 0.19%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JURUPA CA CMNTY SVCS DIST SPLT | Jurupa Community Services District                                              | CUSIP: 4820976T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $261558.00    | 0.09%             | 2047-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                             | CUSIP: 13063ECN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2679675.00   | 0.97%             | 2044-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PALOMAR HLTH CA                | Palomar Health                                                                  | CUSIP: 697527BE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $794250.00    | 0.29%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048TA37<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $426575.00    | 0.15%             | 2046-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                 | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2680575.00   | 0.97%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST | California Municipal Finance Authority                                          | CUSIP: 13049YBL4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    300000 | PA      | $250749.00    | 0.09%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048TX32<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005930.00   | 0.36%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INLAND EMPIRE CA TOBACCO SECUR | Inland Empire Tobacco Securitization Corp                                       | CUSIP: 45734TAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $493340.00    | 0.18%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH STUDEN | California Municipal Finance Authority                                          | CUSIP: 13051EAK6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $915380.00    | 0.33%             | 2060-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY | San Francisco City & County Airport Comm-San Francisco International Airport    | CUSIP: 79766DWC9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    215000 | PA      | $219899.85    | 0.08%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU | San Diego County Regional Airport Authority                                     | CUSIP: 79739GGM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010620.00   | 0.36%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QVE9<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    730000 | PA      | $484537.50    | 0.17%             | 2038-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TUW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $890920.00    | 0.32%             | 2064-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SE | California Municipal Finance Authority                                          | CUSIP: 13049RBR6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    750000 | PA      | $574740.00    | 0.21%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BURBANK GLENDALE PASADENA CA A | Burbank-Glendale-Pasadena Airport Authority Brick Campaign                      | CUSIP: 120827EE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1119375.00   | 0.40%             | 2049-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN | California Public Finance Authority                                             | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $435290.00    | 0.16%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048V3F3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    775000 | PA      | $767955.25    | 0.28%             | 2045-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TVE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2503008.00   | 0.90%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                      | CUSIP: 544445S59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2773500.00   | 1.00%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT | California Statewide Communities Development Authority                          | CUSIP: 13080SC93<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $792240.00    | 0.29%             | 2051-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH MF | California Municipal Finance Authority                                          | CUSIP: 130483HW3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018750.00   | 0.37%             | 2043-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048TP49<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $476195.00    | 0.17%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN | CSCDA Community Improvement Authority                                           | CUSIP: 126292AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1063350.00   | 0.38%             | 2056-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QWX6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     35000 | PA      | $23231.25     | 0.01%             | 2027-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST ENTERPRISE DEV A | California Enterprise Development Authority                                     | CUSIP: 13069ABE7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $864750.00    | 0.31%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                             | CUSIP: 13063DU97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959430.00    | 0.35%             | 2042-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL ESTRN TRANSPRTN CORRI | Foothill-Eastern Transportation Corridor Agency                                 | CUSIP: 345105KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921700.00    | 0.33%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU | San Diego County Regional Airport Authority                                     | CUSIP: 79739GPP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $570788.70    | 0.21%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                                     | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1257743 | PA      | $1095104.25   | 0.40%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INLAND EMPIRE CA TOBACCO SECUR | Inland Empire Tobacco Securitization Corp                                       | CUSIP: 45734TAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  29440000 | PA      | $1468467.20   | 0.53%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE & EC | California Infrastructure & Economic Development Bank                           | CUSIP: 13035CAC9<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $875410.00    | 0.32%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDL TOURIST EDUCT | Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | CUSIP: 74527EFN3<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    900000 | PA      | $953010.00    | 0.34%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                | CUSIP: 13032UB31<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2001493.00   | 0.72%             | 2051-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                | CUSIP: 13032UD70<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1385781.40   | 0.50%             | 2051-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048TG23<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $457075.00    | 0.17%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & | California Infrastructure & Economic Development Bank                           | CUSIP: 13034A5L0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3749592.00   | 1.35%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ANAHEIM CA HSG & PUBLIC IMPT A | Anaheim Housing & Public Improvements Authority                                 | CUSIP: 032556PY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028360.00   | 0.37%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GUAM PORT AUTH PORT REVENUE    | Port Authority of Guam                                                          | CUSIP: 400652AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $359658.75    | 0.13%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048V3G1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493865.00    | 0.18%             | 2054-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SE | California Municipal Finance Authority                                          | CUSIP: 13049RBS4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $803551.75    | 0.29%             | 2056-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                             | CUSIP: 13063EMF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050170.00   | 0.38%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE     | California State University                                                     | CUSIP: 13077DWG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2091240.00   | 0.76%             | 2056-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR | Southern California Public Power Authority                                      | CUSIP: 842469DH8<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042070.00   | 0.38%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI | Golden State Tobacco Securitization Corp                                        | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14175000 | PA      | $1320543.00   | 0.48%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TKA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $228242.50    | 0.08%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                             | CUSIP: 13063EME3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949230.00    | 0.34%             | 2045-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH ST | California Municipal Finance Authority                                          | CUSIP: 13049YBM2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948550.00    | 0.34%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY | San Francisco City & County Airport Comm-San Francisco International Airport    | CUSIP: 79766DWE5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2005000 | PA      | $1667538.45   | 0.60%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA | California School Finance Authority                                             | CUSIP: 13059TJS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1621764.00   | 0.59%             | 2064-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC | California County Tobacco Securitization Agency                                 | CUSIP: 13016NCW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $69050.00     | 0.02%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                             | CUSIP: 13063ECR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2425612.50   | 0.88%             | 2049-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA HSG AUTH MTGE R | Los Angeles Housing Authority                                                   | CUSIP: 54456FBW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $236442.50    | 0.09%             | 2035-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                  | State of California                                                             | CUSIP: 13063EAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2557481.50   | 0.92%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TTS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $832070.00    | 0.30%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH CH | California Municipal Finance Authority                                          | CUSIP: 130486BC6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $453375.00    | 0.16%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L | California State Public Works Board                                             | CUSIP: 13068XBQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1542544.45   | 0.56%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QA69<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    185000 | PA      | $122793.75    | 0.04%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSCDA CMNTY IMPT AUTH CA ESSEN | CSCDA Community Improvement Authority                                           | CUSIP: 126292AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $254274.00    | 0.09%             | 2056-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA UNIF SCH DIST     | San Diego Unified School District/CA                                            | CUSIP: 797356JG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1319070.00   | 0.48%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A | California Community Choice Financing Authority                                 | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2119900.00   | 0.77%             | 2054-05-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA | California School Finance Authority                                             | CUSIP: 13059TFH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $993121.50    | 0.36%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOOTHILL ESTRN TRANSPRTN CORRI | Foothill-Eastern Transportation Corridor Agency                                 | CUSIP: 345105JH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909350.00    | 0.33%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & | California Infrastructure & Economic Development Bank                           | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3218355.00   | 1.16%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QZY1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     70000 | PA      | $46462.50     | 0.02%             | 2042-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| STHRN CALIFORNIA ST PUBLIC PWR | Southern California Public Power Authority                                      | CUSIP: 842469CM8<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1246437.50   | 0.45%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI | Bay Area Toll Authority                                                         | CUSIP: 072024C75<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.72%             | 2059-04-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2673000 | PA      | $623904.93    | 0.23%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY | San Francisco City & County Airport Comm-San Francisco International Airport    | CUSIP: 79766DXP9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2461911.20   | 0.89%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAY AREA CA TOLL AUTH TOLL BRI | Bay Area Toll Authority                                                         | CUSIP: 072024ZH8<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1215000.00   | 0.44%             | 2059-04-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN | California Pollution Control Financing Authority                                | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247705.00    | 0.09%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26029000 | PA      | $8226465.45   | 2.97%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY | San Francisco City & County Airport Comm-San Francisco International Airport    | CUSIP: 79766DKG3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1930173.70   | 0.70%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                | CUSIP: 13032UY36<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     55000 | PA      | $58923.70     | 0.02%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048VB64<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    575000 | PA      | $499922.25    | 0.18%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA | California School Finance Authority                                             | CUSIP: 13059TGK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1167450.00   | 0.42%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA REDEV AGY         | San Diego Redevelopment Agency Successor Agency                                 | CUSIP: 797300PP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165000.00    | 0.06%             | 2025-09-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P | Los Angeles Department of Water & Power                                         | CUSIP: 544532PU2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3501540.00   | 1.26%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCH FIN AUTH SCH FA | California School Finance Authority                                             | CUSIP: 13059TCC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000380.00   | 0.36%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDEP CITIES CA FIN AUTH MOBIL | Independent Cities Finance Authority                                            | CUSIP: 45385LEF6<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000230.00   | 0.36%             | 2044-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QXY3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     40000 | PA      | $26450.00     | 0.01%             | 2025-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048T6D0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1065552.80   | 0.38%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & | California Infrastructure & Economic Development Bank                           | CUSIP: 13034A7C8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067440.00   | 0.75%             | 2059-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A | California Health Facilities Financing Authority                                | CUSIP: 13032UY44<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5550000 | PA      | $4670880.00   | 1.69%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BASS LAKE CA JT UNION ELEM SCH | Bass Lake Joint Elementary District                                             | CUSIP: 07014YCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $752490.00    | 0.27%             | 2045-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                             | CUSIP: 13058TVA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $462795.00    | 0.17%             | 2064-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GUAM PWR AUTH REVENUE          | Guam Power Authority                                                            | CUSIP: 400653KG5<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    970000 | PA      | $987547.30    | 0.36%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWRR | Puerto Rico Electric Power Authority                                            | CUSIP: 74526QYY2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    325000 | PA      | $215718.75    | 0.08%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IRVINE CA SPL TAX              | City of Irvine CA                                                               | CUSIP: 46360TGS6<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    750000 | PA      | $636885.00    | 0.23%             | 2058-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDEP CITIES CA FIN AUTH MOBIL | Independent Cities Finance Authority                                            | CUSIP: 45385LEG4<br>LEI: 549300ZZZYTBUL6FR983 | Long             | DBT              | MUN               | US        |    850000 | PA      | $850093.50    | 0.31%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS | New Hampshire Business Finance Authority                                        | CUSIP: 63607WBB9<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |   1988374 | PA      | $1846980.55   | 0.67%             | 2039-07-20      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Voyageur Mutual Funds

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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