# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-25-000840
**Filing Date:** 2025-12
**Character Count:** 108450
**Document Hash:** 35ae0bdba182b7dc8137f7d349062864
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-25-000840.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000898745-25-000840

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 251596256

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-9328

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

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

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

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

## Series and Classes Contracts Data

### California Municipal Fund (Series ID: S000014232)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000038715 | Class A       | SRCMX           |
| C000038717 | Class C       | SRCCX           |
| C000153061 | Institutional | PCMFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

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

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

- **a. Name of Series:** California Municipal Fund

- **b. EDGAR series identifier (if any):** S000014232

- **c. LEI of Series:** 549300TB8YHKFT7I8G29

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $650573880.20

**Total Liabilities:** $7618602.71

**Net Assets:** $642955277.49

**Delayed Delivery Securities:** $5239200.00

**Cash Not Reported:** $242517.11

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1373.23920000 | **1-Year:** 4437.98760000 | **5-Year:** 70460.55630000 | **10-Year:** 138475.08250000 | **30-Year:** 142971.63800000

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

- **3-Month:** 204.29970000 | **1-Year:** 660.24870000 | **5-Year:** 10482.56480000 | **10-Year:** 20601.22850000 | **30-Year:** 21270.19050000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000153061 | 0.86%                | 2.29%                | 0.85%                |
| Class ID C000038715 | 0.84%                | 2.27%                | 0.83%                |
| Class ID C000038717 | 0.77%                | 2.20%                | 0.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3521.12                 | $3025660.10                                |
| Month 2  | $-211507.19              | $12707462.36                               |
| Month 3  | $-562601.58              | $4051892.07                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1685484 | PA      | $1076603.00   | 0.17%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares California Muni Bond ETF                                                                          | iShares California Muni Bond ETF                                                                          | CUSIP: 464288356<br>LEI: 5493005PBQ3IFT3REX09 | Long             | EC               | RF                | US        |       702 | NS      | $40393.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12511267.50  | 1.95%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048TN90<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2115435.21   | 0.33%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Coachella Valley Unified School District/CA                                                               | Coachella Valley Unified School District/CA                                                               | CUSIP: 189849HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2373470.40   | 0.37%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                              | San Francisco City & County Airport Comm-San Francisco International Airport                              | CUSIP: 79766DVX4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4310345.60   | 0.67%             | 2043-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                                                  | East Bay Municipal Utility District Water System Revenue                                                  | CUSIP: 271014D33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9743.11      | 0.00%             | 2037-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                                            | County of Sacramento CA Airport System Revenue                                                            | CUSIP: 786107VC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10715508.00  | 1.67%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |        17 | PA      | $16.81        | 0.00%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YEN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10635746.00  | 1.65%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue                                           | San Francisco Bay Area Rapid Transit District Sales Tax Revenue                                           | CUSIP: 797669ZF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2085740.62   | 0.32%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |       332 | PA      | $368.13       | 0.00%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                              | San Francisco City & County Airport Comm-San Francisco International Airport                              | CUSIP: 79766DLW7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3159159.00   | 0.49%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                                               | Santa Monica-Malibu Unified School District                                                               | CUSIP: 802498D77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045647.20   | 0.32%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032US82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2081314.20   | 0.32%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                         | California Housing Finance Agency                                                                         | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  11964611 | PA      | $12107229.41  | 1.88%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Richmond Joint Powers Financing Authority                                                                 | Richmond Joint Powers Financing Authority                                                                 | CUSIP: 764440JT1<br>LEI: 549300O54N3JTBY74Q35 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1268329.84   | 0.20%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                                                   | Los Angeles Department of Water & Power                                                                   | CUSIP: 544532CV4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    520000 | PA      | $561842.16    | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SVK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021302.80   | 0.16%             | 2038-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1157402.52   | 0.18%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inland Valley Development Agency                                                                          | Inland Valley Development Agency                                                                          | CUSIP: 45750TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007578.40   | 0.16%             | 2037-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031705.50   | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                                                | Southern California Public Power Authority                                                                | CUSIP: 842469CK2<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047225.10   | 0.16%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Compton CA Water Revenue                                                                          | City of Compton CA Water Revenue                                                                          | CUSIP: 204744AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1278528.75   | 0.20%             | 2039-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                                                       | Port of Los Angeles                                                                                       | CUSIP: 544552C42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $569612.55    | 0.09%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                                             | Poway Unified School District                                                                             | CUSIP: 738850RB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2845561.20   | 0.44%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    429016 | PA      | $393723.38    | 0.06%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 130536KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1207741.56   | 0.19%             | 2027-12-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130178X76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4645000 | PA      | $5497899.57   | 0.86%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                     | California Infrastructure & Economic Development Bank                                                     | CUSIP: 13034RAS2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1201447.87   | 0.19%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                    | M-S-R Energy Authority                                                                                    | CUSIP: 55374SAG5<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1887012.99   | 0.29%             | 2029-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YEA5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5135920.50   | 0.80%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    446171 | PA      | $393801.19    | 0.06%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                                                | Southern California Public Power Authority                                                                | CUSIP: 842469CM8<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041074.40   | 0.16%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130179EV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001308.40   | 0.16%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                              | San Francisco City & County Airport Comm-San Francisco International Airport                              | CUSIP: 79766DLV9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057076.40   | 0.16%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Public Financing Authority                                                               | Riverside County Public Financing Authority                                                               | CUSIP: 76912TKM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507020.30   | 0.23%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $386271.41    | 0.06%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032UUW6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10903340.00  | 1.70%             | 2041-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130178VU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $3522107.74   | 0.55%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                                                   | Bay Area Toll Authority                                                                                   | CUSIP: 072024A85<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078657.90   | 0.17%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2323864.04   | 0.36%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YDZ1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $618462.72    | 0.10%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032UU71<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4905000 | PA      | $5155346.79   | 0.80%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                       | California Public Finance Authority                                                                       | CUSIP: 13057EBC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1264336.07   | 0.20%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13063DD88<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5351.91      | 0.00%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Guam                                                                                    | Port Authority of Guam                                                                                    | CUSIP: 400652AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005704.80   | 0.16%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 74528LAA9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   5550000 | PA      | $6290684.13   | 0.98%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SEV2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3502451.40   | 0.54%             | 2034-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                                                  | California Statewide Financing Authority                                                                  | CUSIP: 130923AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2054586.67   | 0.32%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13062TH72<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5792241.50   | 0.90%             | 2032-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035PDW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.30%             | 2032-12-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                                                | Riverside County Transportation Commission                                                                | CUSIP: 76912DAZ1<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   3460000 | PA      | $3162072.55   | 0.49%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                                                  | Golden State Tobacco Securitization Corp                                                                  | CUSIP: 38122NZC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5208379.50   | 0.81%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                                                 | Alameda Corridor Transportation Authority                                                                 | CUSIP: 010869GZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $5359536.77   | 0.83%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004002.40   | 0.31%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                       | California School Finance Authority                                                                       | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021159.10   | 0.16%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norco Community Redevelopment Agency Successor Agency                                                     | Norco Community Redevelopment Agency Successor Agency                                                     | CUSIP: 655505AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $896738.54    | 0.14%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130179XC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $2167746.66   | 0.34%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                                            | County of Sacramento CA Airport System Revenue                                                            | CUSIP: 786107RW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067171.40   | 0.32%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |       405 | PA      | $416.38       | 0.00%             | 2027-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048RAG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3856090.80   | 0.60%             | 2044-10-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SWL4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    550000 | PA      | $532404.68    | 0.08%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                                                 | Alameda Corridor Transportation Authority                                                                 | CUSIP: 010869JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1016746.50   | 0.16%             | 2047-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073148.50   | 0.17%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Association of Governments South Bay Expressway Revenue                                         | San Diego Association of Governments South Bay Expressway Revenue                                         | CUSIP: 797257AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1550216.25   | 0.24%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                                                 | San Joaquin Valley Clean Energy Authority                                                                 | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   7020000 | PA      | $8115822.00   | 1.26%             | 2056-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| La Verne Public Financing Authority                                                                       | La Verne Public Financing Authority                                                                       | CUSIP: 505207AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105310.61    | 0.02%             | 2026-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                | City of Los Angeles Department of Airports                                                                | CUSIP: 544445J83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $418406.07    | 0.07%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048583.00   | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                       | California School Finance Authority                                                                       | CUSIP: 13059TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1926484.18   | 0.30%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richmond Joint Powers Financing Authority                                                                 | Richmond Joint Powers Financing Authority                                                                 | CUSIP: 764440JV6<br>LEI: 549300O54N3JTBY74Q35 | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3898395.93   | 0.61%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YNX9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    940000 | PA      | $950997.34    | 0.15%             | 2048-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JDB9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5398013.00   | 0.84%             | 2054-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                                               | California State University                                                                               | CUSIP: 13077DAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050502.40   | 0.32%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                                                        | Metropolitan Water District of Southern California                                                        | CUSIP: 59266TSR3<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5431363.00   | 0.84%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                                                     | Sacramento Municipal Utility District                                                                     | CUSIP: 786005K64<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062192.20   | 0.17%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                     | California Infrastructure & Economic Development Bank                                                     | CUSIP: 13034RAR4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1254262.45   | 0.20%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                                                  | Beverly Hills Unified School District CA                                                                  | CUSIP: 088023MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $1854117.00   | 0.29%             | 2044-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Rialto Redevelopment Agency                                                                               | Rialto Redevelopment Agency                                                                               | CUSIP: 76246PCV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050447.40   | 0.16%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                         | California Housing Finance Agency                                                                         | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   9193093 | PA      | $9138512.29   | 1.42%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Alameda Community Improvement Commission Successor Agency                                                 | Alameda Community Improvement Commission Successor Agency                                                 | CUSIP: 010775AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003454.60   | 0.16%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5419640.00   | 0.84%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YQG3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1440636.53   | 0.22%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 74528LAF8<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3897407.03   | 0.61%             | 2041-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13063ENW2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   9500000 | PA      | $10395285.70  | 1.62%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                                               | San Diego County Regional Airport Authority                                                               | CUSIP: 79739GLC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10815000 | PA      | $10991201.22  | 1.71%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue                                | Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue                                | CUSIP: 54466HKS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1889718.38   | 0.29%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                                               | Santa Monica-Malibu Unified School District                                                               | CUSIP: 802498F91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5265964.50   | 0.82%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SWP5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1840734.29   | 0.29%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048VBV9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8151944.80   | 1.27%             | 2036-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4040000 | PA      | $4049562.28   | 0.63%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                                                        | Metropolitan Water District of Southern California                                                        | CUSIP: 59266TXM8<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066301.90   | 0.17%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13063ELX2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5975626.50   | 0.93%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    526366 | PA      | $379697.43    | 0.06%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8310000 | PA      | $8399262.70   | 1.31%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                                                    | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                                                    | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $1961906.21   | 0.31%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                         | California Housing Finance Agency                                                                         | CUSIP: 13032WDH4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4188939.71   | 0.65%             | 2045-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 130536QV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11380000 | PA      | $11380000.00  | 1.77%             | 2025-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13063EMD5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2327278.20   | 0.36%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                                                | Riverside County Transportation Commission                                                                | CUSIP: 76912DAU2<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1905492.38   | 0.30%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                | City of Los Angeles Department of Airports                                                                | CUSIP: 5444457R4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $960349.03    | 0.15%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3220594.97   | 0.50%             | 2053-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                | City of Los Angeles Department of Airports                                                                | CUSIP: 544445YH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $548198.35    | 0.09%             | 2049-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048VKZ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2141651.34   | 0.33%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    315541 | PA      | $301950.33    | 0.05%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048V3D8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1856985.03   | 0.29%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YQE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048516.20   | 0.16%             | 2034-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Travis Unified School District                                                                            | Travis Unified School District                                                                            | CUSIP: 894375DN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001879.90   | 0.16%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Airport System Revenue                                                              | City of Long Beach CA Airport System Revenue                                                              | CUSIP: 542403DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3707012.52   | 0.58%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                                           | California County Tobacco Securitization Agency                                                           | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1403264.56   | 0.22%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                                                       | Los Angeles County Public Works Financing Authority                                                       | CUSIP: 54473EZR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11091048.00  | 1.73%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                                                       | Port of Los Angeles                                                                                       | CUSIP: 544552C59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3970821.39   | 0.62%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                                                  | Golden State Tobacco Securitization Corp                                                                  | CUSIP: 38122NZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014708.40   | 0.16%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                      | Guam Government Waterworks Authority                                                                      | CUSIP: 40065FDE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7890000 | PA      | $8001566.97   | 1.24%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                                                         | Long Beach Bond Finance Authority                                                                         | CUSIP: 54241AAY9<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   3485000 | PA      | $3986434.00   | 0.62%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Housing Authority Inc                                                                           | San Diego Housing Authority Inc                                                                           | CUSIP: 79728FLL3<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   3270000 | PA      | $3312739.23   | 0.52%             | 2040-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YQU2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037433.00   | 0.16%             | 2040-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035G8P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1846376.34   | 0.29%             | 2055-08-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 74528LAC5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3671464.23   | 0.57%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $600182.83    | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                    | M-S-R Energy Authority                                                                                    | CUSIP: 55374SAD2<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1581295.80   | 0.25%             | 2029-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                                               | Santa Monica-Malibu Unified School District                                                               | CUSIP: 802498XH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2361892.81   | 0.37%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                       | California Public Finance Authority                                                                       | CUSIP: 13057GAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17120000 | PA      | $16646741.57  | 2.59%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    475000 | PA      | $479739.46    | 0.07%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048V2U1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3504101.78   | 0.54%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5465767.00   | 0.85%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                                                         | Long Beach Bond Finance Authority                                                                         | CUSIP: 54241AAX1<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1168200.04   | 0.18%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YMG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3095844.60   | 0.48%             | 2038-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130179SD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2291781.60   | 0.36%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8735832.50   | 1.36%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                                                  | California Statewide Financing Authority                                                                  | CUSIP: 130923BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1582438.40   | 0.25%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032UJD1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2750739.21   | 0.43%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                                                 | Alameda Corridor Transportation Authority                                                                 | CUSIP: 010869MK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079215.50   | 0.17%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                                               | San Diego County Regional Airport Authority                                                               | CUSIP: 79739GSZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $3004531.79   | 0.47%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                                                        | Norman Y Mineta San Jose International Airport SJC                                                        | CUSIP: 798136VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6012689.40   | 0.94%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                     | California Infrastructure & Economic Development Bank                                                     | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $9600000.00   | 1.49%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                  | University of California                                                                                  | CUSIP: 91412GSJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6900000 | PA      | $6900000.00   | 1.07%             | 2048-05-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032URP5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2817321.04   | 0.44%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SVL5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3854231.80   | 0.60%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alameda Unified School District-Alameda County/CA                                                         | Alameda Unified School District-Alameda County/CA                                                         | CUSIP: 010824JU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1797184.34   | 0.28%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Compton Public Finance Authority                                                                          | Compton Public Finance Authority                                                                          | CUSIP: 204726AG8<br>LEI: 549300WUETJKEL0LJQ58 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8001914.40   | 1.24%             | 2032-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SMH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7039553.50   | 1.09%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invesco California AMT-Free Municipal Bond ETF                                                            | Invesco California AMT-Free Municipal Bond ETF                                                            | CUSIP: 46138E206<br>LEI: 549300M4U7LQNGAVRJ41 | Long             | EC               | RF                | US        |       500 | NS      | $12140.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YQD0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    815000 | PA      | $827942.69    | 0.13%             | 2029-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sacramento City Unified School District/CA                                                                | Sacramento City Unified School District/CA                                                                | CUSIP: 785870R40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5255779.00   | 0.82%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048RAM9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1776974.30   | 0.28%             | 2053-09-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035RAT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1924124.75   | 0.30%             | 2043-07-01      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo County Financing Authority                                                                | San Luis Obispo County Financing Authority                                                                | CUSIP: 798693CX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001315.40   | 0.16%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 130483GQ7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6365000 | PA      | $6448387.87   | 1.00%             | 2042-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048V3F3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3245000 | PA      | $3313464.31   | 0.52%             | 2045-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1131824.35   | 0.18%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                                                       | Port of Los Angeles                                                                                       | CUSIP: 544552C75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $565012.00    | 0.09%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                                                       | Los Angeles County Public Works Financing Authority                                                       | CUSIP: 54473ESQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003085.00   | 0.31%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88034M3A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4480000 | PA      | $4730235.51   | 0.74%             | 2044-05-15      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035DB95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.08%             | 2030-08-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 1301783W4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9550000 | PA      | $11113271.02  | 1.73%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                                                | Burbank-Glendale-Pasadena Airport Authority Brick Campaign                                                | CUSIP: 120827DY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1567572.04   | 0.24%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2532154.75   | 0.39%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                                                   | Bay Area Toll Authority                                                                                   | CUSIP: 072024A77<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087143.60   | 0.17%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130179TN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10015000 | PA      | $11451865.07  | 1.78%             | 2051-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                      | Guam Government Waterworks Authority                                                                      | CUSIP: 40065FFG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1653512.92   | 0.26%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |        81 | PA      | $86.50        | 0.00%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032U4X3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1697782.95   | 0.26%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue                                | Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue                                | CUSIP: 54466HMQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1102922.11   | 0.17%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13063D5R5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6542254.80   | 1.02%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                                                  | Golden State Tobacco Securitization Corp                                                                  | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10630000 | PA      | $10550235.67  | 1.64%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Merced Union High School District                                                                         | Merced Union High School District                                                                         | CUSIP: 587635ET6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $2788655.14   | 0.43%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                                                   | Tobacco Securitization Authority of Southern California                                                   | CUSIP: 888804CL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1579407.90   | 0.25%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodland-Davis Clean Water Agency                                                                         | Woodland-Davis Clean Water Agency                                                                         | CUSIP: 979585AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508490.30   | 0.23%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130179EU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000723.90   | 0.16%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escondido Union High School District                                                                      | Escondido Union High School District                                                                      | CUSIP: 296353LY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $530659.20    | 0.08%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                              | San Francisco City & County Airport Comm-San Francisco International Airport                              | CUSIP: 79766DWX3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3666182.10   | 0.57%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YBB6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047678.70   | 0.16%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88034YTB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3879440.23   | 0.60%             | 2036-05-15      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 74528LAB7<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3682850.60   | 0.57%             | 2042-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                           | Foothill-Eastern Transportation Corridor Agency                                                           | CUSIP: 345105JH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5616001.20   | 0.87%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                                               | San Diego County Regional Airport Authority                                                               | CUSIP: 79739GGN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1355425.36   | 0.21%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YBC4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044601.90   | 0.16%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                                         | City of Irvine CA                                                                                         | CUSIP: 46360RE86<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010798.80   | 0.16%             | 2038-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13050WAA9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4266371 | PA      | $3978362.36   | 0.62%             | 2041-02-20      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                                                    | Los Angeles Unified School District/CA                                                                    | CUSIP: 544647HQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5986141.00   | 0.93%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YBG5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061684.20   | 0.32%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Ramon Valley Fire Protection District                                                                 | San Ramon Valley Fire Protection District                                                                 | CUSIP: 799400ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $645304.56    | 0.10%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078RHW3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3072361.50   | 0.48%             | 2036-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                | City of Los Angeles Department of Airports                                                                | CUSIP: 544445JB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $2010852.56   | 0.31%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Area Flood Control Agency                                                                      | Sacramento Area Flood Control Agency                                                                      | CUSIP: 785840JK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027835.80   | 0.32%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                                               | San Diego County Regional Airport Authority                                                               | CUSIP: 79739GLD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2128095.00   | 0.33%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                                                    | Los Angeles Unified School District/CA                                                                    | CUSIP: 5446466W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3590039.64   | 0.56%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                                                | Southern California Public Power Authority                                                                | CUSIP: 842471AX2<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   4725000 | PA      | $4987584.32   | 0.78%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                | City of Los Angeles Department of Airports                                                                | CUSIP: 544445NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5267193.50   | 0.82%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Putters/Drivers Trust                                                                      | JPMorgan Chase Putters/Drivers Trust                                                                      | CUSIP: 46640KV76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.06%             | 2031-11-09      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                                                   | Los Angeles Department of Water & Power                                                                   | CUSIP: 544532MQ4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2348244.55   | 0.37%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YNV3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    945000 | PA      | $980193.69    | 0.15%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032UMP0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3828091.73   | 0.60%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078RGJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3516730.35   | 0.55%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048VBU1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7550000 | PA      | $7713749.69   | 1.20%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YPW9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    900000 | PA      | $941435.46    | 0.15%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indio Redevelopment Agency Successor Agency                                                               | Indio Redevelopment Agency Successor Agency                                                               | CUSIP: 455719CP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $295819.81    | 0.05%             | 2035-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                                                   | Bay Area Toll Authority                                                                                   | CUSIP: 072024YY2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.08%             | 2059-04-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080ST53<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1490385.74   | 0.23%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego Association of Governments South Bay Expressway Revenue                                         | San Diego Association of Governments South Bay Expressway Revenue                                         | CUSIP: 797257AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2373529.39   | 0.37%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                         | California Housing Finance Agency                                                                         | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   8096478 | PA      | $8390386.19   | 1.30%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Port Commission of the City & County of San Francisco                                                     | Port Commission of the City & County of San Francisco                                                     | CUSIP: 797679BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000334.30   | 0.16%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

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

**Signature:** Megan Hoffmann

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

**Title:** Vice President and Treasurer