# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0001752724-23-035534
**Filing Date:** 2023-2
**Character Count:** 84535
**Document Hash:** e9b64a3842ea68254378d2e8b8afec27
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035534.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035534

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMG FUNDS
- **CENTRAL INDEX KEY:** 0001089951
- **IRS NUMBER:** 061555943
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09521
- **FILM NUMBER:** 23657312

**BUSINESS ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 2032993500

**MAIL ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGERS AMG FUNDS
- **DATE OF NAME CHANGE:** 19990706

## Series and Classes Contracts Data

### AMG GW&K Municipal Bond Fund (Series ID: S000025838)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000077267 | Class I      | GWMIX           |
| C000077269 | Class N      | GWMTX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AMG Funds

- **b. Investment Company Act file number:** 811-09521

- **c. CIK number of Registrant:** 0001089951

- **d. LEI of Registrant:** 54930020IDQ6ZIPGNH13

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

  - **Street Address 1:** 680 Washington Blvd.

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

  - **Telephone number:** 800-548-4539

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

- **a. Name of Series:** AMG GW&K Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000025838

- **c. LEI of Series:** 549300R5U7D7XZM6CN52

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $1097487112.09

**Total Liabilities:** $8745339.24

**Net Assets:** $1088741772.85

**Delayed Delivery Securities:** $8158150.00

**Cash Not Reported:** $548.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.66800000 | **1-Year:** 37509.33168000 | **5-Year:** 341373.37209000 | **10-Year:** 285029.63591000 | **30-Year:** 4410.29102000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000077267 | -0.39%               | 4.85%                | 0.44%                |
| Class ID C000077269 | -0.42%               | 4.76%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-402204.48              | $-5264093.79                               |
| Month 2  | $-3134147.85             | $53599439.52                               |
| Month 3  | $-1509091.73             | $4888674.60                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WEST VIRGINIA ST PARKWAYS AUTH    | West Virginia Parkways Authority                                             | CUSIP: 956510BR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1951686.45   | 0.18%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                      | State of Wisconsin                                                           | CUSIP: 97705MGC3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5258596.00   | 0.48%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY    | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DLU1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5010000 | PA      | $5318966.20   | 0.49%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE    | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GDQ3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3307056.00   | 0.30%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST DEPT OF ADMIN SVCS L    | Oregon State Lottery                                                         | CUSIP: 68607VN43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10495567.00  | 0.96%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA    | Chicago O'Hare International Airport                                         | CUSIP: 167593RE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5670000 | PA      | $5891816.07   | 0.54%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO    | New York State Dormitory Authority                                           | CUSIP: 64990EW60<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   8410000 | PA      | $8875596.10   | 0.82%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST TURNPIKE AUTH            | Maine Turnpike Authority                                                     | CUSIP: 560551RK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1747974.60   | 0.16%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R    | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758E58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108577.90   | 0.10%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU    | New Jersey Turnpike Authority                                                | CUSIP: 6461397C3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4010000 | PA      | $4427633.08   | 0.41%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972H5S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10835000 | PA      | $12552836.16  | 1.15%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461368B0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6255000 | PA      | $6892722.90   | 0.63%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                           | State of Ohio                                                                | CUSIP: 677523EP3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   3910000 | PA      | $4549583.72   | 0.42%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                     | State of California                                                          | CUSIP: 13063DWS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11575000 | PA      | $13540401.43  | 1.24%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650110AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1096979.63   | 0.10%             | 2041-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                     | State of Washington                                                          | CUSIP: 93974DUZ9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   7370000 | PA      | $7864426.03   | 0.72%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING     | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70868YAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3189391.80   | 0.29%             | 2035-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L    | California State Public Works Board                                          | CUSIP: 13068L8B4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2893407.00   | 0.27%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE     | Metropolitan Transportation Authority                                        | CUSIP: 59261AAM9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4760000 | PA      | $4858173.57   | 0.45%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU    | Wayne County Airport Authority                                               | CUSIP: 944514C30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1948292.82   | 0.18%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE       | Indiana Finance Authority                                                    | CUSIP: 45506EFQ1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5815000 | PA      | $6798044.36   | 0.62%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE    | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576HA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6585000 | PA      | $6997950.62   | 0.64%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA    | South Jersey Transportation Authority                                        | CUSIP: 838536MM9<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2528542.25   | 0.23%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966QWH9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7468024.20   | 0.69%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH     | Illinois State Toll Highway Authority                                        | CUSIP: 452252NF2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |  10110000 | PA      | $11320825.16  | 1.04%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R    | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758E66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1121403.70   | 0.10%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L    | California State Public Works Board                                          | CUSIP: 13068L8D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4155800.25   | 0.38%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST DEPT OF ADMIN SVCS L    | Oregon State Lottery                                                         | CUSIP: 68607VN92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9225000 | PA      | $9682160.56   | 0.89%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV    | Arizona Industrial Development Authority                                     | CUSIP: 04052EBN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $2010638.16   | 0.18%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES    | University of California                                                     | CUSIP: 91412HLZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3410676.90   | 0.31%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                     | State of California                                                          | CUSIP: 13063DWQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5751735.00   | 0.53%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R    | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758E90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1162691.70   | 0.11%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE RIVER & BAY AUTH DE R    | Delaware River & Bay Authority                                               | CUSIP: 246317HW4<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1162819.70   | 0.11%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                       | State of Maryland                                                            | CUSIP: 574193UZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9245000 | PA      | $9972955.92   | 0.92%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST FIN AUTH ST TRAN    | New Mexico Finance Authority                                                 | CUSIP: 64711RMP8<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8625814.50   | 0.79%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4605433.00   | 0.42%             | 2037-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV    | Arizona Industrial Development Authority                                     | CUSIP: 04052EBP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905000 | PA      | $2100342.51   | 0.19%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES    | University of California                                                     | CUSIP: 91412HNM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2362596.00   | 0.22%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                  | District of Columbia                                                         | CUSIP: 25476FWV6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |  10080000 | PA      | $11322299.52  | 1.04%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES    | University of California                                                     | CUSIP: 91412HLX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3453212.70   | 0.32%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R    | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758E82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1156600.40   | 0.11%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH     | Orange County Health Facilities Authority                                    | CUSIP: 68450LEF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4525000 | PA      | $4759415.36   | 0.44%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R    | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758YK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8218798.50   | 0.75%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE    | California Municipal Finance Authority                                       | CUSIP: 13048TQ63<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    950000 | PA      | $1007489.06   | 0.09%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A    | Washington Health Care Facilities Authority                                  | CUSIP: 93978HWH4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   3270000 | PA      | $3381039.06   | 0.31%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                       | State of Maryland                                                            | CUSIP: 574193RF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6828294.60   | 0.63%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L    | California State Public Works Board                                          | CUSIP: 13068XCD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3235555.40   | 0.30%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A    | City of Los Angeles Department of Airports                                   | CUSIP: 544445QU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10515000 | PA      | $11590974.71  | 1.06%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TEXAS ST MUNI WTR DIST WTR S    | North Texas Municipal Water District Water System Revenue                    | CUSIP: 662903QY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7350000 | PA      | $7925794.59   | 0.73%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF    | Florida Development Finance Corp                                             | CUSIP: 34061QAZ0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10123488.00  | 0.93%             | 2033-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA    | South Jersey Transportation Authority                                        | CUSIP: 838536MK3<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1169028.13   | 0.11%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL     | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20775DPD8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2980360.90   | 0.27%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE    | California Municipal Finance Authority                                       | CUSIP: 13048TQ97<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1720520.09   | 0.16%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S    | Long Island Power Authority                                                  | CUSIP: 542691EH9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2623262.23   | 0.24%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116EM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1558210.60   | 0.14%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T    | Lower Colorado River Authority                                               | CUSIP: 54811BRP8<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3815000 | PA      | $3908514.04   | 0.36%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461368C8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7615000 | PA      | $8427835.00   | 0.77%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU    | Wayne County Airport Authority                                               | CUSIP: 944514B98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2504729.94   | 0.23%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R    | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758E74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139234.50   | 0.10%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                       | State of Illinois                                                            | CUSIP: 452153CY3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8685368.00   | 0.80%             | 2037-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE         | North Texas Tollway Authority                                                | CUSIP: 66285WJ56<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5000635.80   | 0.46%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966QYQ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3539534.40   | 0.33%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116EK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078517.80   | 0.10%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                          | State of Texas                                                               | CUSIP: 882723ZM4<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5303339.50   | 0.49%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST TURNPIKE AUTH            | Maine Turnpike Authority                                                     | CUSIP: 560551RJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1597739.67   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU    | New Jersey Turnpike Authority                                                | CUSIP: 646140DH3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6449724.60   | 0.59%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU    | Alabama Public School and College Authority                                  | CUSIP: 010609FN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8573619.00   | 0.79%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR    | Allegheny County Airport Authority                                           | CUSIP: 01728LEW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2393738.32   | 0.22%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE       | City of Houston TX Airport System Revenue                                    | CUSIP: 442349FP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $3056614.50   | 0.28%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL     | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HCX3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5908015.50   | 0.54%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE    | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576GZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3667536.30   | 0.34%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU    | Wayne County Airport Authority                                               | CUSIP: 944514C22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1528144.32   | 0.14%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L    | California State Public Works Board                                          | CUSIP: 13068XCE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3517872.90   | 0.32%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA    | Commonwealth Financing Authority                                             | CUSIP: 20282EAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7910000 | PA      | $8577054.26   | 0.79%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL     | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HEY9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9453366.40   | 0.87%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R    | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758ZQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3345714.90   | 0.31%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE RIVER & BAY AUTH DE R    | Delaware River & Bay Authority                                               | CUSIP: 246317HY0<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1282892.60   | 0.12%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE    | New Jersey Economic Development Authority                                    | CUSIP: 64577XEA0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7472576.30   | 0.69%             | 2040-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI    | Dallas Fort Worth International Airport                                      | CUSIP: 2350365G1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3751103.65   | 0.34%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF UTAH UT REVENUES          | University of Utah/The                                                       | CUSIP: 915183Z75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5670287.00   | 0.52%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY    | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DLV9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5800000 | PA      | $6119436.16   | 0.56%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT OF TRANSPRTN     | State of Maryland Department of Transportation                               | CUSIP: 574204L84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12365000 | PA      | $13413762.21  | 1.23%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XT65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1127804.50   | 0.10%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST LTD OBLIG       | State of North Carolina                                                      | CUSIP: 65829QCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10960963.00  | 1.01%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE        | Port of Seattle WA                                                           | CUSIP: 735389P77<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5492102.00   | 0.50%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL     | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20775DPB2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   6205000 | PA      | $6812341.68   | 0.63%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116EN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069562.80   | 0.10%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE MEMORIAL HLTH SYS FL HOSP     | Lee Memorial Health System                                                   | CUSIP: 52385LDG1<br>LEI: 54930018FIX4OVLGH070 | Long             | DBT              | MUN               | US        |   5645000 | PA      | $6034129.61   | 0.55%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUT    | Allegheny County Hospital Development Authority                              | CUSIP: 01728A4R4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   5530000 | PA      | $6095018.35   | 0.56%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE RIVER & BAY AUTH DE R    | Delaware River & Bay Authority                                               | CUSIP: 246317HX2<br>LEI: 549300DIIIT0MBXYHJ34 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1223584.96   | 0.11%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE      | Illinois Finance Authority                                                   | CUSIP: 45204EJJ8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11712580.00  | 1.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV    | Arizona Industrial Development Authority                                     | CUSIP: 04052EBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1928283.82   | 0.18%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE          | Iowa Finance Authority                                                       | CUSIP: 46246K4E9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |  15025000 | PA      | $16484229.50  | 1.51%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE       | Indiana Finance Authority                                                    | CUSIP: 45506EFA6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5809909.00   | 0.53%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461368E4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6565122.60   | 0.60%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA    | Chicago O'Hare International Airport                                         | CUSIP: 167593K84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10035000 | PA      | $10500573.83  | 0.96%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV    | New York State Urban Development Corp                                        | CUSIP: 650036BT2<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $13837038.00  | 1.27%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY    | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DTM1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3270006.60   | 0.30%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO    | New York State Dormitory Authority                                           | CUSIP: 64990FW26<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3747904.00   | 0.34%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R    | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758XJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10180000 | PA      | $11219614.18  | 1.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN    | Virginia Small Business Financing Authority                                  | CUSIP: 928104NW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2782255.20   | 0.26%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE    | District of Columbia                                                         | CUSIP: 25477GVQ5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6961513.20   | 0.64%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                     | State of California                                                          | CUSIP: 13063CX39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4410914.48   | 0.41%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S    | Long Island Power Authority                                                  | CUSIP: 542691EK2<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   3935000 | PA      | $4594517.02   | 0.42%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HOSPS & HGR ED    | Hospitals & Higher Education Facilities Authority of Philadelphia/The        | CUSIP: 717825QC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1925956.40   | 0.18%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XT99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4392442.80   | 0.40%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650110AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1262920.05   | 0.12%             | 2046-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                       | State of Maryland                                                            | CUSIP: 574193VB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8575708.80   | 0.79%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL     | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HCW5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11683516.00  | 1.07%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XZE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2919509.50   | 0.27%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIV CLGS & UNIVS AUTH GA         | Private Colleges & Universities Authority                                    | CUSIP: 74265L2X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5979124.50   | 0.55%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                       | State of Maryland                                                            | CUSIP: 574193UY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9500000 | PA      | $10136425.90  | 0.93%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE      | Michigan Finance Authority                                                   | CUSIP: 59447TME0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  11450000 | PA      | $12102170.25  | 1.11%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                    | State of Connecticut                                                         | CUSIP: 20772KHU6<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   7650000 | PA      | $8659338.71   | 0.80%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE      | Illinois Finance Authority                                                   | CUSIP: 45204FFJ9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   8755000 | PA      | $9952332.05   | 0.91%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S    | Intermountain Power Agency                                                   | CUSIP: 45884AA78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $6023794.35   | 0.55%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                  | District of Columbia                                                         | CUSIP: 25476FRM2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   6020000 | PA      | $6479505.40   | 0.60%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST TRANSPRTN BRD HIGHW    | Arizona Department of Transportation State Highway Fund Revenue              | CUSIP: 040654WX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5040000 | PA      | $5433712.20   | 0.50%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966QPV6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1705347.30   | 0.16%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL     | Triborough Bridge & Tunnel Authority                                         | CUSIP: 89602HCV7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11522063.00  | 1.06%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                           | State of Ohio                                                                | CUSIP: 677522RD8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5466663.50   | 0.50%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE    | California Municipal Finance Authority                                       | CUSIP: 13048TR39<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1953142.30   | 0.18%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L    | California State Public Works Board                                          | CUSIP: 13068XAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2868943.50   | 0.26%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL     | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20775DPE6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3350646.78   | 0.31%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE      | Illinois Finance Authority                                                   | CUSIP: 45204FFH3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2610848.86   | 0.24%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S    | Long Island Power Authority                                                  | CUSIP: 542691BR0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5464744.91   | 0.50%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST PARKWAYS AUTH    | West Virginia Parkways Authority                                             | CUSIP: 956510BS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2215441.80   | 0.20%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L    | California State Public Works Board                                          | CUSIP: 13068XAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3194880.98   | 0.29%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116EL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1183523.55   | 0.11%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON DC CONVENTION & SPO    | Washington Convention & Sports Authority                                     | CUSIP: 93878LBU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5475000 | PA      | $6026340.17   | 0.55%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE    | Port Authority of New York & New Jersey                                      | CUSIP: 73358W5H3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   6545000 | PA      | $7117844.58   | 0.65%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES    | New York State Dormitory Authority                                           | CUSIP: 65000BNC8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1930935.20   | 0.18%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO    | New York State Dormitory Authority                                           | CUSIP: 64990FHX5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   7670000 | PA      | $8592230.06   | 0.79%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST TURNPIKE AUTH            | Maine Turnpike Authority                                                     | CUSIP: 560551RH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1810671.52   | 0.17%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HOSPS & HGR ED    | Hospitals & Higher Education Facilities Authority of Philadelphia/The        | CUSIP: 717825QB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2418821.25   | 0.22%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE       | City of Houston TX Airport System Revenue                                    | CUSIP: 442349FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1064937.94   | 0.10%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAPID TRANSIT S    | Dallas Area Rapid Transit                                                    | CUSIP: 235241EX0<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   8865000 | PA      | $10114762.88  | 0.93%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH IN WSTWTR UTI    | Indiana Finance Authority                                                    | CUSIP: 45505MJJ6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1120682.20   | 0.10%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST PARKWAYS AUTH    | West Virginia Parkways Authority                                             | CUSIP: 956510BT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5670467.76   | 0.52%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST WTR DEV BRD              | Texas Water Development Board                                                | CUSIP: 8828547X4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5860000 | PA      | $6610933.22   | 0.61%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10341972.00  | 0.95%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                     | State of New Jersey                                                          | CUSIP: 646039YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11500000 | PA      | $12996643.35  | 1.19%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE      | Illinois Finance Authority                                                   | CUSIP: 45204FJL0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5910000 | PA      | $5699355.19   | 0.52%             | 2037-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV    | Colorado Health Facilities Authority                                         | CUSIP: 19648FKK9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4260000 | PA      | $4514562.26   | 0.41%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L    | California State Public Works Board                                          | CUSIP: 13068XCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2785000 | PA      | $3250783.45   | 0.30%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIXED INCOME CLEARING CORPORATION | FICC                                                                         | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |    668000 | PA      | $668000.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966QPW4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3661864.38   | 0.34%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                     | State of Washington                                                          | CUSIP: 93974DJN9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  10280000 | PA      | $10728740.50  | 0.99%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461368D6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $6337748.33   | 0.58%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIV CLGS & UNIVS AUTH GA         | Private Colleges & Universities Authority                                    | CUSIP: 74265LS74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10365000 | PA      | $12068282.52  | 1.11%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA INCOME TAX SE    | District of Columbia                                                         | CUSIP: 25477GVP7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5867415.00   | 0.54%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR    | Allegheny County Airport Authority                                           | CUSIP: 01728LEV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1467594.72   | 0.13%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE     | Metropolitan Transportation Authority                                        | CUSIP: 59261AWY9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  14225000 | PA      | $14936242.89  | 1.37%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REVENUE     | Michigan State Building Authority                                            | CUSIP: 594615BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $6033296.10   | 0.55%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L    | California State Public Works Board                                          | CUSIP: 13068XAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5863121.50   | 0.54%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE    | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GDR1<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   2985000 | PA      | $3266955.64   | 0.30%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX UTILITY SYSR    | City of Corpus Christi TX Utility System Revenue                             | CUSIP: 220245D43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3456364.06   | 0.32%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE         | North Texas Tollway Authority                                                | CUSIP: 66285WXC5<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3201201.52   | 0.29%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY    | Louisville/Jefferson County Metropolitan Government                          | CUSIP: 54659LBM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5505000 | PA      | $5777777.70   | 0.53%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CBF4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2847361.20   | 0.26%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT OF TRANSPRTN     | State of Maryland Department of Transportation                               | CUSIP: 574204H89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12205000 | PA      | $13475583.22  | 1.24%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XZF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4655500.80   | 0.43%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH     | Illinois State Toll Highway Authority                                        | CUSIP: 452252LH0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   9735000 | PA      | $10289406.30  | 0.95%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI    | Pennsylvania Turnpike Commission                                             | CUSIP: 709225FH4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5792940.00   | 0.53%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL HLTH FACS AUT    | Escambia County Health Facilities Authority                                  | CUSIP: 296110FZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6165400.80   | 0.57%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L    | California State Public Works Board                                          | CUSIP: 13068XCC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2560000 | PA      | $3020342.02   | 0.28%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE    | California Municipal Finance Authority                                       | CUSIP: 13048TR21<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    900000 | PA      | $949686.84    | 0.09%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HIGHWAY RE    | Indiana Finance Authority                                                    | CUSIP: 45470RCX2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $5476112.64   | 0.50%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH IN WSTWTR UTI    | Indiana Finance Authority                                                    | CUSIP: 45505MJK3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3555000 | PA      | $4048260.52   | 0.37%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI    | Dallas Fort Worth International Airport                                      | CUSIP: 2350365F3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2307433.60   | 0.21%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING     | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5206000.50   | 0.48%             | 2048-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA    | Chicago O'Hare International Airport                                         | CUSIP: 167593L26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5698789.80   | 0.52%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST TRANSPRTN AUTH TRA    | Maryland State Transportation Authority                                      | CUSIP: 574300ME6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6350000 | PA      | $7291035.08   | 0.67%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                     | State of California                                                          | CUSIP: 13063DE38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9455469.60   | 0.87%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO    | New York State Dormitory Authority                                           | CUSIP: 64990FZL1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9270205.60   | 0.85%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XXP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7732155.90   | 0.71%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST FIN AUTH ST TRAN    | New Mexico Finance Authority                                                 | CUSIP: 64711RMM5<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |   4470000 | PA      | $4984107.66   | 0.46%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV    | Arizona Industrial Development Authority                                     | CUSIP: 04052EBJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1677373.78   | 0.15%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES    | University of California                                                     | CUSIP: 91412HNN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5977539.50   | 0.55%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3735000 | PA      | $3404415.15   | 0.31%             | 2038-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                       | State of Maryland                                                            | CUSIP: 574193VC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7042308.00   | 0.65%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TURNPIKE AUTH TURNP    | State of Florida Department of Transportation Turnpike System Revenue        | CUSIP: 343137BT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7075000 | PA      | $7630134.22   | 0.70%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST TRANSPRTN REVENUE    | Wisconsin Department of Transportation                                       | CUSIP: 977123U48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20405000 | PA      | $22486722.18  | 2.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972HY30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5080000 | PA      | $5659719.44   | 0.52%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                     | State of California                                                          | CUSIP: 13063DLL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5953573.50   | 0.55%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST TURNPIKE AUTH            | Maine Turnpike Authority                                                     | CUSIP: 560551RG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $2181563.78   | 0.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN    | Virginia Small Business Financing Authority                                  | CUSIP: 928104NV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2812421.70   | 0.26%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST PUBLIC WKS BRD L    | California State Public Works Board                                          | CUSIP: 13068L8C2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4101894.65   | 0.38%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E    | State of Florida                                                             | CUSIP: 34153QWT9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   5375000 | PA      | $6323204.29   | 0.58%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L    | Central Florida Expressway Authority                                         | CUSIP: 153476GM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4460000 | PA      | $4967234.91   | 0.46%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES    | University of California                                                     | CUSIP: 91412HLY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3425655.90   | 0.31%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST TURNPIKE AUTH            | Maine Turnpike Authority                                                     | CUSIP: 560551RL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1638519.35   | 0.15%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE       | City of Houston TX Airport System Revenue                                    | CUSIP: 442349FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1052829.69   | 0.10%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU    | Utility Debt Securitization Authority                                        | CUSIP: 91802RFA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $7763986.36   | 0.71%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA    | Chicago O'Hare International Airport                                         | CUSIP: 167593P55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5010000 | PA      | $5479703.53   | 0.50%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE         | North Texas Tollway Authority                                                | CUSIP: 66285WXB7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099042.00   | 0.19%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST                      | State of Wisconsin                                                           | CUSIP: 97705MSP1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $3121278.84   | 0.29%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer