# EDGAR Filing Document

**Accession Number:** 0001178839
**File Stem:** 0001410368-25-009370
**Filing Date:** 2025-9
**Character Count:** 201698
**Document Hash:** f54d8517666561186aa44fbdf6174cf1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-009370.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-009370

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEUBERGER BERMAN MUNICIPAL FUND INC.
- **CENTRAL INDEX KEY:** 0001178839

**ORGANIZATION NAME:**
- **EIN:** 522372415
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21168
- **FILM NUMBER:** 251337487

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104
- **BUSINESS PHONE:** 2124768800

**MAIL ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEUBERGER BERMAN MUNICIPAL FUND, INC.
- **DATE OF NAME CHANGE:** 20180831

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEUBERGER BERMAN INTERMEDIATE MUNICIPAL FUND INC
- **DATE OF NAME CHANGE:** 20020726

## Nport-Ex

Schedule of Investments Municipal Fund Inc.^ (Unaudited)

July 31, 2025

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

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Municipal Notes 175.1%** | **Municipal Notes 175.1%** | **Municipal Notes 175.1%** |
| **Alabama 5.2%** | **Alabama 5.2%** | **Alabama 5.2%** |
| $3125000 | &nbsp;&nbsp; Energy Southeast A Cooperative District Revenue, Series 2023 A-1, 5.50%, due 11/1/2053 Putable <br> 1/1/2031<br>| &nbsp;&nbsp; $3362599 |
| 9000000 | &nbsp;&nbsp; Mobile County Industrial Development Authority Revenue (AM/NS Calvert LLC Project), <br> Series 2024-A, 5.00%, due 6/1/2054<br>| &nbsp;&nbsp; 8183046 |
| 5000000 | &nbsp;&nbsp; Southeast Energy Authority A Cooperative District Revenue, Series 2025-A, 5.00%, due 1/1/2056 <br> Putable 6/1/2035<br>| &nbsp;&nbsp; 5044758 |
|  |  | &nbsp;&nbsp; **16590403** |
| **American Samoa 0.9%** | **American Samoa 0.9%** | **American Samoa 0.9%** |
| 2800000 | &nbsp;&nbsp; American Samoa Economic Development Authority General Revenue Refunding, Series 2015-A, <br> 6.25%, due 9/1/2029<br>| &nbsp;&nbsp; **2810552** |
| **Arizona 0.8%** | **Arizona 0.8%** | **Arizona 0.8%** |
| 500000 | &nbsp;&nbsp; Maricopa County Industrial Development Authority Education Revenue Refunding (Paradise School <br> Project Paragon Management, Inc.), Series 2016, 5.00%, due 7/1/2036<br>| &nbsp;&nbsp; 495157<br> <sup>(a)</sup><br>|
| 770000 | Navajo Nation Revenue Refunding, Series 2015-A, 5.00%, due 12/1/2025 | &nbsp;&nbsp; 772782<br> <sup>(a)</sup><br>|
| 1500000 | &nbsp;&nbsp; Sierra Vista Industrial Development Authority Revenue (American Leadership Academy Project), <br> Series 2024, 5.00%, due 6/15/2054<br>| &nbsp;&nbsp; 1268084<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **2536023** |
| **California 27.0%** | **California 27.0%** | **California 27.0%** |
| 1000000 | &nbsp;&nbsp; California Educational Facilities Authority Revenue (Green Bond- Loyola Marymount University), <br> Series 2018-B, 5.00%, due 10/1/2048<br>| &nbsp;&nbsp; 1000586 |
| California Educational Facilities Authority Revenue Refunding (University of Redlands) |  |  |
| 250000 | &nbsp;&nbsp;&nbsp; Series 2016-A, 5.00%, due 10/1/2028  | &nbsp;&nbsp; 252619 |
| 260000 | &nbsp;&nbsp;&nbsp; Series 2016-A, 3.00%, due 10/1/2029  | &nbsp;&nbsp; 253393 |
| 400000 | &nbsp;&nbsp;&nbsp; Series 2016-A, 3.00%, due 10/1/2030  | &nbsp;&nbsp; 384908 |
| 480000 | &nbsp;&nbsp; California Infrastructure & Economic Development Bank Revenue (Wonderful Foundations Charter <br> School Portfolio Project), Series 2020-A-1, 5.00%, due 1/1/2055<br>| &nbsp;&nbsp; 398184<br> <sup>(a)</sup><br>|
| California Municipal Finance Authority Charter School Lease Revenue (Sycamore Academy Project) |  |  |
| 630000 | &nbsp;&nbsp;&nbsp; Series 2014, 5.13%, due 7/1/2029  | &nbsp;&nbsp; 630241<br> <sup>(a)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2014, 5.63%, due 7/1/2044  | &nbsp;&nbsp; 954505<br> <sup>(a)</sup><br>|
| 760000 | &nbsp;&nbsp; California Municipal Finance Authority Charter School Lease Revenue (Vista Charter Middle School <br> Project), Series 2014, 5.13%, due 7/1/2029<br>| &nbsp;&nbsp; 760322 |
| California Municipal Finance Authority Charter School Revenue (John Adams Academics Project) |  |  |
| 55000 | &nbsp;&nbsp;&nbsp; Series 2015-A, 4.50%, due 10/1/2025  | &nbsp;&nbsp; 55003 |
| 1115000 | &nbsp;&nbsp;&nbsp; Series 2019-A, 5.00%, due 10/1/2049  | &nbsp;&nbsp; 964054<br> <sup>(a)</sup><br>|
| 1500000 | &nbsp;&nbsp; California Municipal Finance Authority Charter School Revenue (Palmdale Aerospace Academy <br> Project), Series 2016, 5.00%, due 7/1/2031<br>| &nbsp;&nbsp; 1478529<br> <sup>(a)</sup><br>|
| 1070000 | &nbsp;&nbsp; California Municipal Finance Authority Revenue (Baptist University), Series 2015-A, 5.00%, due <br> 11/1/2030<br>| &nbsp;&nbsp; 1072109<br> <sup>(a)</sup><br>|
| California Municipal Finance Authority Revenue (Northbay Healthcare Group) |  |  |
| 350000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 11/1/2035  | &nbsp;&nbsp; 349998 |
| 500000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 11/1/2040  | &nbsp;&nbsp; 473165 |
| 300000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 11/1/2044  | &nbsp;&nbsp; 277961 |
| 500000 | &nbsp;&nbsp;&nbsp; Series 2017-A, 5.25%, due 11/1/2036  | &nbsp;&nbsp; 501217 |
| 2000000 | &nbsp;&nbsp; California Municipal Finance Authority Student Housing Revenue (CHF-Davis I LLC-West Village <br> Student Housing Project), Series 2018, (BAM), 4.00%, due 5/15/2048<br>| &nbsp;&nbsp; 1725184 |
| 1500000 | &nbsp;&nbsp; California School Facility Finance Authority Revenue (Green Dot Public School Project), <br> Series 2018-A, 5.00%, due 8/1/2048<br>| &nbsp;&nbsp; 1408666<br> <sup>(a)</sup><br>|
| 400000 | &nbsp;&nbsp; California School Finance Authority Revenue (Alliance College - Ready Public School Project), <br> Series 2015-A, 5.00%, due 7/1/2030<br>| &nbsp;&nbsp; 400441<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **California – cont'd** | **California – cont'd** | **California – cont'd** |
| $1000000 | California State General Obligation, Series 2022, 5.00%, due 9/1/2052 | &nbsp;&nbsp; $1017343 |
| 2000000 | &nbsp;&nbsp; California State Pollution Control Financing Authority Revenue (San Jose Water Co. Project), <br> Series 2016, 4.75%, due 11/1/2046<br>| &nbsp;&nbsp; 1800968 |
| 2549157 | &nbsp;&nbsp; California State Pollution Control Financing Authority Solid Waste Disposal Revenue (Calplant I <br> Green Bond Project), Series 2019, 7.50%, due 12/1/2039<br>| &nbsp;&nbsp; 25<br> <sup>(a)(b)</sup><br>|
| 2760000 | &nbsp;&nbsp; California State Pollution Control Financing Authority Water Furnishing Revenue, Series 2012, <br> 5.00%, due 7/1/2027<br>| &nbsp;&nbsp; 2773952<br> <sup>(a)</sup><br>|
| 415000 | &nbsp;&nbsp; California State School Finance Authority Charter School Revenue (Downtown College <br> Prep-Obligation Group), Series 2016, 4.50%, due 6/1/2031<br>| &nbsp;&nbsp; 249000<br> <sup>(a)(b)</sup><br>|
| 400000 | &nbsp;&nbsp; California State School Finance Authority Charter School Revenue (Rocketship Education), <br> Series 2016-A, 5.00%, due 6/1/2031<br>| &nbsp;&nbsp; 400190<br> <sup>(a)</sup><br>|
| 1325000 | &nbsp;&nbsp; California Statewide Communities Development Authority Hospital Revenue (Methodist Hospital of <br> Southern Project), Series 2018, 4.25%, due 1/1/2043<br>| &nbsp;&nbsp; 1240024 |
| 500000 | &nbsp;&nbsp; California Statewide Communities Development Authority Revenue (Loma Linda University Medical <br> Center), Series 2018-A, 5.50%, due 12/1/2058<br>| &nbsp;&nbsp; 481875<br> <sup>(a)</sup><br>|
| 600000 | &nbsp;&nbsp; California Statewide Communities Development Authority Revenue Refunding (Lancer Education <br> Student Housing Project), Series 2016-A, 5.00%, due 6/1/2036<br>| &nbsp;&nbsp; 600609<br> <sup>(a)</sup><br>|
| 1500000 | &nbsp;&nbsp; California Statewide Communities Development Authority Revenue Refunding (Loma Linda <br> University Medical Center), Series 2014-A, 5.25%, due 12/1/2029<br>| &nbsp;&nbsp; 1501423 |
| 1500000 | &nbsp;&nbsp; California Statewide Communities Development Authority Revenue Refunding (Redlands <br> Community Hospital), Series 2016, 4.00%, due 10/1/2041<br>| &nbsp;&nbsp; 1340978 |
| 425000 | &nbsp;&nbsp; California Statewide Communities Development Authority Special Tax Revenue Refunding <br> (Community Facility District No. 2007-01 Orinda Wilder Project), Series 2015, 4.50%, due 9/1/2025<br>| &nbsp;&nbsp; 425387 |
| 500000 | &nbsp;&nbsp; California Statewide Communities Development Authority Student Housing Revenue Refunding <br> (Baptist University), Series 2017-A, 5.00%, due 11/1/2032<br>| &nbsp;&nbsp; 506625<br> <sup>(a)</sup><br>|
| 1500000 | &nbsp;&nbsp; Foothill-Eastern Transportation Corridor Agency Toll Road Revenue Refunding, Subseries 2014-B2, <br> 3.50%, due 1/15/2053<br>| &nbsp;&nbsp; 1154726 |
| 1000000 | &nbsp;&nbsp; Imperial Community College District General Obligation Capital Appreciation (Election 2010), <br> Series 2011-A, (AG), 6.75%, due 8/1/2040 Pre-Refunded 8/1/2025<br>| &nbsp;&nbsp; 1000000 |
| 545000 | &nbsp;&nbsp; Inglewood Unified School District Facilities Financing Authority Revenue, Series 2007, (AG), 5.25%, <br> due 10/15/2026<br>| &nbsp;&nbsp; 549755 |
| Irvine Special Tax (Community Facility District No. 2005-2) |  |  |
| 450000 | &nbsp;&nbsp;&nbsp; Series 2013, 4.00%, due 9/1/2025  | &nbsp;&nbsp; 450386 |
| 645000 | &nbsp;&nbsp;&nbsp; Series 2013, 3.50%, due 9/1/2026  | &nbsp;&nbsp; 645352 |
| 690000 | &nbsp;&nbsp;&nbsp; Series 2013, 3.63%, due 9/1/2027  | &nbsp;&nbsp; 690297 |
| 1775000 | Los Angeles Department of Airports Revenue, Series 2022-G, 4.00%, due 5/15/2047 | &nbsp;&nbsp; 1537121 |
| 500000 | &nbsp;&nbsp; Los Angeles Department of Water & Power Revenue Refunding, Series 2025-A, (BAM), 5.00%, due <br> 7/1/2053<br>| &nbsp;&nbsp; 497710 |
| 3000000 | &nbsp;&nbsp; North Orange County Community College District General Obligation, Series 2022-C, 4.00%, due <br> 8/1/2047<br>| &nbsp;&nbsp; 2696073 |
| 5125000 | &nbsp;&nbsp; Norwalk-La Mirada Unified School District General Obligation Capital Appreciation (Election 2002), <br> Series 2009-E, (AG), 5.50%, due 8/1/2029<br>| &nbsp;&nbsp; 5506398 |
| 5000000 | &nbsp;&nbsp; Redondo Beach Unified School District General Obligation, Series 2009, 6.38%, due 8/1/2034 <br> Pre-Refunded 8/1/2026<br>| &nbsp;&nbsp; 5197218 |
| Romoland School District Special Tax Refunding (Community Facilities District No. 2006-1) |  |  |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2017, 4.00%, due 9/1/2029  | &nbsp;&nbsp; 101292 |
| 200000 | &nbsp;&nbsp;&nbsp; Series 2017, 4.00%, due 9/1/2030  | &nbsp;&nbsp; 201922 |
| 525000 | &nbsp;&nbsp;&nbsp; Series 2017, 3.25%, due 9/1/2031  | &nbsp;&nbsp; 512745 |
| 1700000 | &nbsp;&nbsp; Sacramento Area Flood Control Agency Refunding (Consol Capital Assessment District No. 2), <br> Series 2016-A, 5.00%, due 10/1/2047<br>| &nbsp;&nbsp; 1702801 |
| 400000 | &nbsp;&nbsp; Sacramento City Finance Authority Revenue Refunding (Master Lease Program Facilities), <br> Series 2006-E, (AMBAC), 5.25%, due 12/1/2026<br>| &nbsp;&nbsp; 415330 |
| 500000 | &nbsp;&nbsp; Sacramento Special Tax (Natomas Meadows Community Facilities District No. 2007-01), Series 2017, <br> 5.00%, due 9/1/2047<br>| &nbsp;&nbsp; 487071<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **California – cont'd** | **California – cont'd** | **California – cont'd** |
| $2000000 | &nbsp;&nbsp; San Luis Coastal Unified School District General Obligation (Election 2022), Series 2023-A, 4.00%, <br> due 8/1/2053<br>| &nbsp;&nbsp; $1720270 |
| 6000000 | &nbsp;&nbsp; San Mateo Foster City School District General Obligation Capital Appreciation (Election 2008), <br> Series 2010, 6.13%, due 8/1/2032<br>| &nbsp;&nbsp; 6584221 |
| 2000000 | &nbsp;&nbsp; Sweetwater Union High School District Public Financing Authority Revenue, Series 2013, (BAM), <br> 5.00%, due 9/1/2025<br>| &nbsp;&nbsp; 2003330 |
| 2000000 | &nbsp;&nbsp; Twin Rivers Unified School District General Obligation (Election 2022), Series 2023-A, (BAM), <br> 4.13%, due 8/1/2047<br>| &nbsp;&nbsp; 1791853 |
| 12070000 | &nbsp;&nbsp; Victor Valley Community College District General Obligation Capital Appreciation (Election 2008), <br> Series 2009-C, 6.88%, due 8/1/2037<br>| &nbsp;&nbsp; 13522122 |
| 5095000 | &nbsp;&nbsp; Victor Valley Joint Union High School District General Obligation Capital Appreciation Bonds, <br> Series 2009, (AG), 0.00%, due 8/1/2026<br>| &nbsp;&nbsp; 4954485 |
| 5250000 | &nbsp;&nbsp; Wiseburn School District General Obligation Capital Appreciation (Election 2010), Series 2011-B, <br> (AG), 0.00%, due 8/1/2036<br>| &nbsp;&nbsp; 5919708<br> <sup>(c)(d)</sup><br>|
|  |  | &nbsp;&nbsp; **85521670** |
| **Colorado 1.8%** | **Colorado 1.8%** | **Colorado 1.8%** |
| 1603000 | &nbsp;&nbsp; Platte River Metropolitan District General Obligation Refunding, Series 2023-A, 6.50%, due <br> 8/1/2053<br>| &nbsp;&nbsp; 1586255<br> <sup>(a)</sup><br>|
| 2700000 | &nbsp;&nbsp; Pueblo Urban Renewal Authority Tax Increment Revenue (Evraz Project), Series 2021-A, 4.75%, due <br> 12/1/2045<br>| &nbsp;&nbsp; 2381328<br> <sup>(a)</sup><br>|
| 4566666 | &nbsp;&nbsp; Villages at Castle Rock Metropolitan District No. 6 (Cabs - Cobblestone Ranch Project), <br> Series 2007-2, 0.00%, due 12/1/2037<br>| &nbsp;&nbsp; 1754696 |
|  |  | &nbsp;&nbsp; **5722279** |
| **Connecticut 2.8%** | **Connecticut 2.8%** | **Connecticut 2.8%** |
| 4585000 | &nbsp;&nbsp; Norwalk Housing Authority Revenue (Monterey Village Apartments), Class PT, Series 2024, (FNMA), <br> 4.40%, due 9/1/2042<br>| &nbsp;&nbsp; 4342047 |
| 1000000 | &nbsp;&nbsp; Stamford Housing Authority Revenue Refunding (Mozaic Concierge Living Project), Series 2025-D, <br> 6.50%, due 10/1/2055<br>| &nbsp;&nbsp; 983756 |
| 3710000 | &nbsp;&nbsp; Waterbury Housing Authority Revenue (Laurel Estates Preservation Project), Series 2025-A, (FHLMC), <br> (HUD), 4.50%, due 2/1/2042<br>| &nbsp;&nbsp; 3595719 |
|  |  | &nbsp;&nbsp; **8921522** |
| **District of Columbia 0.2%** | **District of Columbia 0.2%** | **District of Columbia 0.2%** |
| 650000 | &nbsp;&nbsp; District of Columbia Student Dormitory Revenue (Provident Group-Howard Property), Series 2013, <br> 5.00%, due 10/1/2045<br>| &nbsp;&nbsp; **582427** |
| **Florida 5.2%** | **Florida 5.2%** | **Florida 5.2%** |
| 800000 | &nbsp;&nbsp; Capital Trust Agency Senior Living Revenue (H-Bay Ministries, Inc. Superior Residences-Third Tier), <br> Series 2018-C, 7.50%, due 7/1/2053<br>| &nbsp;&nbsp; 14000<br> <sup>(a)(b)</sup><br>|
| 2000000 | &nbsp;&nbsp; Capital Trust Agency Senior Living Revenue (Wonderful Foundations School Project), <br> Series 2020-A-1, 5.00%, due 1/1/2055<br>| &nbsp;&nbsp; 1636200<br> <sup>(a)</sup><br>|
| 270000 | &nbsp;&nbsp; Cityplace Community Development District Special Assessment Revenue Refunding, Series 2012, <br> 5.00%, due 5/1/2026<br>| &nbsp;&nbsp; 273273 |
| 1420000 | &nbsp;&nbsp; Florida Development Finance Corp. Education Facilities Revenue (Renaissance Charter School, Inc.), <br> Series 2014-A, 5.75%, due 6/15/2029<br>| &nbsp;&nbsp; 1421224<br> <sup>(a)</sup><br>|
| 1075000 | &nbsp;&nbsp; Florida Development Finance Corp. Education Facilities Revenue Refunding (Pepin Academies, Inc.), <br> Series 2016-A, 5.00%, due 7/1/2036<br>| &nbsp;&nbsp; 1031581 |
| 2000000 | &nbsp;&nbsp; Florida Development Finance Corp. Revenue (Brightline Florida Passenger Rail Expansion Project), <br> Series 2025-A, 8.25%, due 7/1/2057 Putable 8/13/2025<br>| &nbsp;&nbsp; 1700005<br> <sup>(a)</sup><br>|
| 3400000 | &nbsp;&nbsp; Florida Development Finance Corp. Revenue (Tampa General Hospital Project), Series 2024-A, <br> 4.50%, due 8/1/2055<br>| &nbsp;&nbsp; 2946369 |
| 2000000 | Lee County Airport Revenue, Series 2024, 5.25%, due 10/1/2049 | &nbsp;&nbsp; 2008326 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Florida – cont'd** | **Florida – cont'd** | **Florida – cont'd** |
| $4000000 | &nbsp;&nbsp; Orange County Health Facilities Authority Revenue (Orlando Health Obligated Group), <br> Series 2025-A, 4.50%, due 10/1/2056<br>| &nbsp;&nbsp; $3551216 |
| 670000 | &nbsp;&nbsp; Village Community Development District No. 11 Special Assessment Revenue, Series 2014, 4.13%, <br> due 5/1/2029<br>| &nbsp;&nbsp; 670334 |
| 945000 | &nbsp;&nbsp; Village Community Development District No. 13 Special Assessment Revenue, Series 2019, 3.70%, <br> due 5/1/2050<br>| &nbsp;&nbsp; 711429 |
| 700000 | &nbsp;&nbsp; Village Community Development District No. 15 Special Assessment Revenue, Series 2024, 4.80%, <br> due 5/1/2055<br>| &nbsp;&nbsp; 623850<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **16587807** |
| **Georgia 3.3%** | **Georgia 3.3%** | **Georgia 3.3%** |
| 700000 | &nbsp;&nbsp; Atlanta Development Authority Revenue (Westside Gulch Area Project), Series 2024-A, 5.50%, due <br> 4/1/2039<br>| &nbsp;&nbsp; 698242<br> <sup>(a)</sup><br>|
| 2000000 | Atlanta Urban Residential Finance Authority Revenue, Series 2024-A, (FNMA), 4.85%, due 9/1/2043 | &nbsp;&nbsp; 1973418 |
| Main Street Natural Gas, Inc. Gas Supply Revenue |  |  |
| 6000000 | &nbsp;&nbsp;&nbsp; Series 2022-C, 4.00%, due 8/1/2052 Putable 11/1/2027 | &nbsp;&nbsp; 5992219<br> <sup>(a)</sup><br>|
| 1600000 | &nbsp;&nbsp;&nbsp; Series 2024-C, 5.00%, due 12/1/2054 Putable 12/1/2031 | &nbsp;&nbsp; 1681475 |
|  |  | &nbsp;&nbsp; **10345354** |
| **Guam 1.5%** | **Guam 1.5%** | **Guam 1.5%** |
| Antonio B Won Pat International Airport Authority Revenue Refunding |  |  |
| 525000 | &nbsp;&nbsp;&nbsp; Series 2023-A, 5.38%, due 10/1/2040  | &nbsp;&nbsp; 539243 |
| 750000 | &nbsp;&nbsp;&nbsp; Series 2023-A, 5.38%, due 10/1/2043  | &nbsp;&nbsp; 757207 |
| Guam Power Authority Revenue |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2022-A, 5.00%, due 10/1/2035  | &nbsp;&nbsp; 1071122 |
| 1035000 | &nbsp;&nbsp;&nbsp; Series 2022-A, 5.00%, due 10/1/2036  | &nbsp;&nbsp; 1098000 |
| 1075000 | &nbsp;&nbsp;&nbsp; Series 2022-A, 5.00%, due 10/1/2037  | &nbsp;&nbsp; 1131634 |
|  |  | &nbsp;&nbsp; **4597206** |
| **Idaho 0.1%** | **Idaho 0.1%** | **Idaho 0.1%** |
| 350000 | &nbsp;&nbsp; Idaho Health Facilities Authority Revenue Refunding (St. Lukes Health System), (LOC: U.S. Bank <br> N.A.), Series 2018-C, 2.80%, due 3/1/2048<br>| &nbsp;&nbsp; **350000**<br> <sup>(e)</sup><br>|
| **Illinois 10.4%** | **Illinois 10.4%** | **Illinois 10.4%** |
| 5705000 | Berwyn General Obligation, Series 2013-A, 5.00%, due 12/1/2027 | &nbsp;&nbsp; 5709010 |
| 1250000 | &nbsp;&nbsp; Chicago Midway International Airport Revenue Refunding, Series 2023-A, (BAM), 5.50%, due <br> 1/1/2053<br>| &nbsp;&nbsp; 1268900 |
| Chicago O'Hare International Airport Revenue |  |  |
| 4100000 | &nbsp;&nbsp;&nbsp; Series 2022-A, 5.00%, due 1/1/2055  | &nbsp;&nbsp; 3968912 |
| 2500000 | &nbsp;&nbsp;&nbsp; Series 2024-A, 5.50%, due 1/1/2059  | &nbsp;&nbsp; 2544782 |
| 3000000 | Chicago Refunding General Obligation, Series 2017-A, 6.00%, due 1/1/2038 | &nbsp;&nbsp; 3047276 |
| 4250000 | &nbsp;&nbsp; Illinois Finance Authority Revenue (CenterPoint Joliet Terminal Railroad Project), Series 2010, 4.80%, <br> due 12/1/2043 Putable 7/2/2035<br>| &nbsp;&nbsp; 4245367<br> <sup>(a)</sup><br>|
| 1560000 | &nbsp;&nbsp; Illinois Finance Authority Revenue Refunding (Presence Health Network Obligated Group), <br> Series 2016-C, 5.00%, due 2/15/2031<br>| &nbsp;&nbsp; 1601696 |
| Illinois State General Obligation |  |  |
| 5200000 | &nbsp;&nbsp;&nbsp; Series 2017-D, 5.00%, due 11/1/2028  | &nbsp;&nbsp; 5420434 |
| 775000 | &nbsp;&nbsp;&nbsp; Series 2021-A, 5.00%, due 3/1/2046  | &nbsp;&nbsp; 753922 |
| 5000000 | &nbsp;&nbsp;&nbsp; Series 2023-B, 4.50%, due 5/1/2048  | &nbsp;&nbsp; 4395504 |
|  |  | &nbsp;&nbsp; **32955803** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Indiana 0.7%** | **Indiana 0.7%** | **Indiana 0.7%** |
| $2000000 | &nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank Revenue (Convention Center Hotel), <br> Series 2023-E, 6.13%, due 3/1/2057<br>| &nbsp;&nbsp; **$2051206** |
| **Kansas 0.2%** | **Kansas 0.2%** | **Kansas 0.2%** |
| 720000 | &nbsp;&nbsp; Goddard Kansas Sales Tax Special Obligation Revenue (Olympic Park Star Bond Project), Series 2021, <br> 3.50%, due 6/1/2034<br>| &nbsp;&nbsp; **685595** |
| **Kentucky 0.5%** | **Kentucky 0.5%** | **Kentucky 0.5%** |
| Kentucky Economic Development Finance Authority Revenue Refunding (Owensboro Health) |  |  |
| 500000 | &nbsp;&nbsp;&nbsp; Series 2017-A, 5.00%, due 6/1/2041  | &nbsp;&nbsp; 485010 |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2017-A, 5.00%, due 6/1/2045  | &nbsp;&nbsp; 948286 |
|  |  | &nbsp;&nbsp; **1433296** |
| **Louisiana 3.6%** | **Louisiana 3.6%** | **Louisiana 3.6%** |
| 580583 | &nbsp;&nbsp; Louisiana Local Government Environmental Facilities & Community Development Authority Revenue <br> (Lafourche Parish Gomesa Project), Series 2019, 3.95%, due 11/1/2043<br>| &nbsp;&nbsp; 488557<br> <sup>(a)</sup><br>|
| 1715000 | &nbsp;&nbsp; Louisiana Local Government Environmental Facilities & Community Development Authority Revenue <br> Refunding (Westside Habilitation Center Project), Series 2017-A, 5.75%, due 2/1/2032<br>| &nbsp;&nbsp; 1671035<br> <sup>(a)</sup><br>|
| 8000000 | &nbsp;&nbsp; Louisiana Public Facilities Authority Revenue (I-10 Calcasieu River Bridge), Series 2024, 5.00%, due <br> 9/1/2066<br>| &nbsp;&nbsp; 7286385 |
| 1885000 | Louisiana Stadium & Exposition District Revenue Refunding, Series 2023-A, 5.25%, due 7/1/2053 | &nbsp;&nbsp; 1905556 |
|  |  | &nbsp;&nbsp; **11351533** |
| **Maine 0.4%** | **Maine 0.4%** | **Maine 0.4%** |
| 1300000 | &nbsp;&nbsp; Maine State Finance Authority Revenue (TimberHP Madison LLC), Series 2025, 8.50%, due <br> 6/1/2035<br>| &nbsp;&nbsp; **1300567** |
| **Maryland 0.1%** | **Maryland 0.1%** | **Maryland 0.1%** |
| 300000 | &nbsp;&nbsp; Baltimore Special Obligation Revenue Refunding Senior Lien (Harbor Point Project), Series 2022, <br> 5.00%, due 6/1/2051<br>| &nbsp;&nbsp; **281158** |
| **Massachusetts 1.8%** | **Massachusetts 1.8%** | **Massachusetts 1.8%** |
| 2900000 | &nbsp;&nbsp; Massachusetts Development Finance Agency Revenue (Care Communities LLC Obligated), <br> Series 2025-A, 6.50%, due 7/15/2060<br>| &nbsp;&nbsp; 2775292<br> <sup>(a)</sup><br>|
| 1200000 | &nbsp;&nbsp; Massachusetts Development Finance Agency Revenue (Merrimack College Student Housing Project), <br> Series 2024-A, 5.00%, due 7/1/2054<br>| &nbsp;&nbsp; 1067464<br> <sup>(a)</sup><br>|
| 2000000 | &nbsp;&nbsp; Massachusetts Development Finance Agency Revenue Refunding (Suffolk University), Series 2025, <br> 5.25%, due 7/1/2055<br>| &nbsp;&nbsp; 1870340 |
| 125000 | Massachusetts State Education Financing Authority Revenue, Series 2023-C, 5.00%, due 7/1/2053 | &nbsp;&nbsp; 116628 |
|  |  | &nbsp;&nbsp; **5829724** |
| **Michigan 1.8%** | **Michigan 1.8%** | **Michigan 1.8%** |
| Michigan State Building Authority Revenue (Facilities Program) |  |  |
| 2000000 | &nbsp;&nbsp;&nbsp; Series 2022-I, 5.00%, due 10/15/2047  | &nbsp;&nbsp; 2007645 |
| 2880000 | &nbsp;&nbsp;&nbsp; Series 2022-I , 5.25%, due 10/15/2057  | &nbsp;&nbsp; 2923958 |
| 750000 | &nbsp;&nbsp; Michigan State Strategic Fund Ltd. Obligation Revenue (Improvement Project), Series 2018, 5.00%, <br> due 6/30/2048<br>| &nbsp;&nbsp; 710098 |
|  |  | &nbsp;&nbsp; **5641701** |
| **Minnesota 0.8%** | **Minnesota 0.8%** | **Minnesota 0.8%** |
| 2000000 | &nbsp;&nbsp; Minnesota Agricultural & Economic Development Board Revenue (HealthPartners Obligated Group), <br> Series 2024, 5.25%, due 1/1/2054<br>| &nbsp;&nbsp; 1996645 |
| 400000 | &nbsp;&nbsp; Saint Paul Housing & Redevelopment Authority Charter School Lease Revenue (Metro Deaf School <br> Project), Series 2018-A, 5.00%, due 6/15/2038<br>| &nbsp;&nbsp; 370107<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **2366752** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Mississippi 1.1%** | **Mississippi 1.1%** | **Mississippi 1.1%** |
| $2200000 | &nbsp;&nbsp; Mississippi Business Finance Corp. Revenue (Chevron USA, Inc. Project), Series 2011-A, 2.70%, due <br> 11/1/2035<br>| &nbsp;&nbsp; $2200000<br> <sup>(e)</sup><br>|
| 1475000 | &nbsp;&nbsp; Mississippi Development Bank Special Obligation (Jackson Co. Gomesa Project), Series 2021, <br> 3.63%, due 11/1/2036<br>| &nbsp;&nbsp; 1319678<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **3519678** |
| **Missouri 0.2%** | **Missouri 0.2%** | **Missouri 0.2%** |
| 575000 | &nbsp;&nbsp; Missouri State Health & Educational Facilities Authority Revenue Refunding (St. Louis University), <br> (LOC: Wells Fargo Bank N.A.), Series 2008-B-2, 2.75%, due 10/1/2035<br>| &nbsp;&nbsp; **575000**<br> <sup>(e)</sup><br>|
| **Nebraska 3.4%** | **Nebraska 3.4%** | **Nebraska 3.4%** |
| 10250000 | &nbsp;&nbsp; Central Plains Energy Project Revenue Refunding, Series 2023-A, 5.00%, due 5/1/2054 Putable <br> 11/1/2029<br>| &nbsp;&nbsp; **10759446** |
| **Nevada 0.2%** | **Nevada 0.2%** | **Nevada 0.2%** |
| Director of the State of Nevada Department of Business & Industrial Revenue (Somerset Academy) |  |  |
| 255000 | &nbsp;&nbsp;&nbsp; Series 2015-A, 4.00%, due 12/15/2025  | &nbsp;&nbsp; 254520<br> <sup>(a)</sup><br>|
| 500000 | &nbsp;&nbsp;&nbsp; Series 2015-A, 5.13%, due 12/15/2045  | &nbsp;&nbsp; 457779<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **712299** |
| **New Hampshire 0.2%** | **New Hampshire 0.2%** | **New Hampshire 0.2%** |
| 750000 | &nbsp;&nbsp; New Hampshire Business Finance Authority Revenue Refunding (Green Bond), Series 2020-B, <br> 3.75%, due 7/1/2045 Putable 7/2/2040<br>| &nbsp;&nbsp; **589895**<br> <sup>(a)</sup><br>|
| **New Jersey 5.6%** | **New Jersey 5.6%** | **New Jersey 5.6%** |
| 250000 | &nbsp;&nbsp; New Jersey Economic Development Authority Revenue (The Goethals Bridge Replacement Project), <br> Series 2013-A, 5.50%, due 1/1/2026<br>| &nbsp;&nbsp; 250534 |
| 7000000 | &nbsp;&nbsp; New Jersey State Economic Development Authority Revenue (School Facilities Construction <br> Program), Series 2019, 4.00%, due 6/15/2049<br>| &nbsp;&nbsp; 5870348 |
| &nbsp;&nbsp; New Jersey State Economic Development Authority School Revenue (Beloved Community Charter, <br> School, Inc. Project)<br>|  |  |
| 1105000 | &nbsp;&nbsp;&nbsp; Series 2019-A, 5.00%, due 6/15/2049  | &nbsp;&nbsp; 999578<br> <sup>(a)</sup><br>|
| 725000 | &nbsp;&nbsp;&nbsp; Series 2019-A, 5.00%, due 6/15/2054  | &nbsp;&nbsp; 649664<br> <sup>(a)</sup><br>|
| 1000000 | &nbsp;&nbsp; New Jersey State Housing & Mortgage Finance Agency Multi-Family Revenue (Riverview Towers <br> Apartments), Class PT, Series 2024-B, (FHA), (GNMA), 5.25%, due 12/20/2065<br>| &nbsp;&nbsp; 1002966 |
| 4150000 | &nbsp;&nbsp; New Jersey State Transportation Trust Fund Authority Transportation Program Revenue, <br> Series 2023-BB, 5.25%, due 6/15/2050<br>| &nbsp;&nbsp; 4224990 |
| New Jersey State Transportation Trust Fund Authority Transportation System Revenue Refunding |  |  |
| 4000000 | &nbsp;&nbsp;&nbsp; Series 2018-A, 4.25%, due 12/15/2038  | &nbsp;&nbsp; 3858536 |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2018-A, (BAM), 4.00%, due 12/15/2037  | &nbsp;&nbsp; 964771 |
|  |  | &nbsp;&nbsp; **17821387** |
| **New Mexico 0.4%** | **New Mexico 0.4%** | **New Mexico 0.4%** |
| 1500000 | &nbsp;&nbsp; Winrock Town Center Tax Increment Development District No. 1 (Senior Lien), Series 2022, 4.25%, <br> due 5/1/2040<br>| &nbsp;&nbsp; **1345268**<br> <sup>(a)</sup><br>|
| **New York 34.2%** | **New York 34.2%** | **New York 34.2%** |
| Albany Capital Resource Corp. Revenue Refunding (Albany College of Pharmacy & Health Sciences) |  |  |
| 380000 | &nbsp;&nbsp;&nbsp; Series 2014-A, 5.00%, due 12/1/2027  | &nbsp;&nbsp; 380372 |
| 375000 | &nbsp;&nbsp;&nbsp; Series 2014-A, 5.00%, due 12/1/2028  | &nbsp;&nbsp; 375344 |
| 270000 | &nbsp;&nbsp;&nbsp; Series 2014-A, 5.00%, due 12/1/2029  | &nbsp;&nbsp; 270225 |
| 500000 | &nbsp;&nbsp; Buffalo & Erie County Industrial Land Development Corp. Revenue (Tapestry Charter School Project), <br> Series 2017-A, 5.00%, due 8/1/2047<br>| &nbsp;&nbsp; 454798 |
| 1550000 | &nbsp;&nbsp; Buffalo & Erie County Industrial Land Development Corp. Revenue Refunding (Charter School for <br> Applied Technologies Project), Series 2017-A, 5.00%, due 6/1/2035<br>| &nbsp;&nbsp; 1570553 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **New York – cont'd** | **New York – cont'd** | **New York – cont'd** |
| Buffalo & Erie County Industrial Land Development Corp. Revenue Refunding (Orchard Park) |  |  |
| $500000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 11/15/2027  | &nbsp;&nbsp; $501732 |
| 500000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 11/15/2028  | &nbsp;&nbsp; 501779 |
| 625000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 11/15/2029  | &nbsp;&nbsp; 627160 |
| Build NYC Resource Corp. Revenue |  |  |
| 1665000 | &nbsp;&nbsp;&nbsp; Series 2014, 5.00%, due 11/1/2024  | &nbsp;&nbsp; 999000<br> <sup>(b)</sup><br>|
| 835000 | &nbsp;&nbsp;&nbsp; Series 2014, 5.25%, due 11/1/2029  | &nbsp;&nbsp; 501000 |
| 650000 | &nbsp;&nbsp;&nbsp; Series 2014, 5.25%, due 11/1/2034  | &nbsp;&nbsp; 390000 |
| 975000 | &nbsp;&nbsp;&nbsp; Series 2014, 5.50%, due 11/1/2044  | &nbsp;&nbsp; 585000 |
| 1000000 | &nbsp;&nbsp; Build NYC Resource Corp. Revenue (Metropolitan Lighthouse Charter School Project), <br> Series 2017-A, 5.00%, due 6/1/2047<br>| &nbsp;&nbsp; 877912<br> <sup>(a)</sup><br>|
| 1400000 | &nbsp;&nbsp; Build NYC Resource Corp. Revenue (New Dawn Charter School Project), Series 2019, 5.75%, due <br> 2/1/2049<br>| &nbsp;&nbsp; 1263605<br> <sup>(a)</sup><br>|
| 750000 | Build NYC Resource Corp. Revenue (Senior Airport Facilities), Series 2025, 5.50%, due 7/1/2055 | &nbsp;&nbsp; 736633 |
| Build NYC Resource Corp. Revenue Refunding (City University - Queens College) |  |  |
| 270000 | &nbsp;&nbsp;&nbsp; Series 2014-A, 5.00%, due 6/1/2026  | &nbsp;&nbsp; 270288 |
| 225000 | &nbsp;&nbsp;&nbsp; Series 2014-A, 5.00%, due 6/1/2029  | &nbsp;&nbsp; 225308 |
| 2595000 | &nbsp;&nbsp; Build NYC Resource Corp. Revenue Refunding (New York Law School Project), Series 2016, 4.00%, <br> due 7/1/2045<br>| &nbsp;&nbsp; 1971971 |
| Build NYC Resource Corp. Revenue Refunding (Packer Collegiate Institute Project) |  |  |
| 155000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 6/1/2026  | &nbsp;&nbsp; 155249 |
| 125000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 6/1/2027  | &nbsp;&nbsp; 125184 |
| 195000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 6/1/2028  | &nbsp;&nbsp; 195281 |
| 220000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 6/1/2029  | &nbsp;&nbsp; 220296 |
| 325000 | &nbsp;&nbsp;&nbsp; Series 2015, 5.00%, due 6/1/2030  | &nbsp;&nbsp; 325413 |
| Dutchess County Local Development Corp. Revenue (Culinary Institute of America Project) |  |  |
| 200000 | &nbsp;&nbsp;&nbsp; Series 2016-A-1, 5.00%, due 7/1/2041  | &nbsp;&nbsp; 199108 |
| 275000 | &nbsp;&nbsp;&nbsp; Series 2016-A-1, 5.00%, due 7/1/2046  | &nbsp;&nbsp; 264460 |
| Hempstead Town Local Development Corp. Revenue (Molloy College Project) |  |  |
| 390000 | &nbsp;&nbsp;&nbsp; Series 2018, 5.00%, due 7/1/2030  | &nbsp;&nbsp; 404494 |
| 405000 | &nbsp;&nbsp;&nbsp; Series 2018, 5.00%, due 7/1/2031  | &nbsp;&nbsp; 417964 |
| 425000 | &nbsp;&nbsp;&nbsp; Series 2018, 5.00%, due 7/1/2032  | &nbsp;&nbsp; 436672 |
| 450000 | &nbsp;&nbsp;&nbsp; Series 2018, 5.00%, due 7/1/2033  | &nbsp;&nbsp; 460174 |
| Metropolitan Transportation Authority Revenue (Green Bond) |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp; Series 2020-C-1, 5.00%, due 11/15/2050  | &nbsp;&nbsp; 1450932 |
| 10500000 | &nbsp;&nbsp;&nbsp; Series 2020-D-3, 4.00%, due 11/15/2049  | &nbsp;&nbsp; 8665077 |
| 3000000 | &nbsp;&nbsp;&nbsp; Series 2020-D-3, 4.00%, due 11/15/2050  | &nbsp;&nbsp; 2458989 |
| 300000 | &nbsp;&nbsp; Monroe County Industrial Development Corp. Revenue (Monroe Community College), Series 2014, <br> (AG), 5.00%, due 1/15/2029<br>| &nbsp;&nbsp; 300547 |
| Monroe County Industrial Development Corp. Revenue (Nazareth College of Rochester Project) |  |  |
| 500000 | &nbsp;&nbsp;&nbsp; Series 2013-A, 5.00%, due 10/1/2025  | &nbsp;&nbsp; 500611 |
| 250000 | &nbsp;&nbsp;&nbsp; Series 2013-A, 4.00%, due 10/1/2026  | &nbsp;&nbsp; 250099 |
| 1000000 | &nbsp;&nbsp; Nassau County Local Economic Assistance Corp. Revenue (Catholic Health Services of Long Island <br> Obligated Group Project), Series 2014, 5.00%, due 7/1/2027<br>| &nbsp;&nbsp; 1001064 |
| 4175000 | Nassau County Tobacco Settlement Corp. Asset Backed, Series 2006-A-3, 5.13%, due 6/1/2046 | &nbsp;&nbsp; 3336436 |
| 2000000 | &nbsp;&nbsp; New York Liberty Development Corp. Revenue (Goldman Sachs Headquarters), Series 2005, 5.25%, <br> due 10/1/2035<br>| &nbsp;&nbsp; 2236705 |
| 1000000 | &nbsp;&nbsp; New York Liberty Development Corp. Revenue Refunding (3 World Trade Center Project), Class 2-3, <br> Series 2014, 5.38%, due 11/15/2040<br>| &nbsp;&nbsp; 985485<br> <sup>(a)</sup><br>|
| 3390000 | New York State Dormitory Authority Revenue Refunding, Series 2024-A, 4.00%, due 3/15/2054 | &nbsp;&nbsp; 2835325 |
| 500000 | &nbsp;&nbsp; New York State Environmental Facilities Corp. Solid Waste Disposal Revenue (Casella Waste System, <br> Inc. Project), Series 2014, 2.88%, due 12/1/2044 Putable 12/3/2029<br>| &nbsp;&nbsp; 465284<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **New York – cont'd** | **New York – cont'd** | **New York – cont'd** |
| $430000 | &nbsp;&nbsp; New York State Housing Finance Agency Revenue (Affordable Housing), Series 2012-F, (SONYMA), <br> 3.05%, due 11/1/2027<br>| &nbsp;&nbsp; $430072 |
| 2545000 | &nbsp;&nbsp; New York State Mortgage Agency Homeowner Mortgage Revenue Refunding, Series 2014-189, <br> 3.45%, due 4/1/2027<br>| &nbsp;&nbsp; 2545052 |
| 4000000 | &nbsp;&nbsp; New York State Transportation Development Corp. Special Facility Revenue (Delta Airlines, <br> Inc.-LaGuardia Airport Terminal C & D Redevelopment), Series 2020, 4.38%, due 10/1/2045<br>| &nbsp;&nbsp; 3469208 |
| &nbsp;&nbsp; New York State Transportation Development Corp. Special Facility Revenue (JFK International Airport <br> New Terminal 1 Project)<br>|  |  |
| 750000 | &nbsp;&nbsp;&nbsp; Series 2023, 6.00%, due 6/30/2054  | &nbsp;&nbsp; 761791 |
| 3000000 | &nbsp;&nbsp;&nbsp; Series 2023, 5.38%, due 6/30/2060  | &nbsp;&nbsp; 2851343 |
| 10000000 | &nbsp;&nbsp;&nbsp; Series 2024, 5.50%, due 6/30/2054  | &nbsp;&nbsp; 9646242 |
| 1145000 | &nbsp;&nbsp; New York State Transportation Development Corp. Special Facility Revenue (LaGuardia Airport <br> Terminal B Redevelopment Project), Series 2016-A, 4.00%, due 7/1/2041<br>| &nbsp;&nbsp; 999736 |
| 2000000 | &nbsp;&nbsp; New York State Transportation Development Corp. Special Facility Revenue (LaGuardia Airport <br> Terminal C&D Redevelopment Project), Series 2023, 5.63%, due 4/1/2040<br>| &nbsp;&nbsp; 2051269 |
| 1500000 | &nbsp;&nbsp; New York State Transportation Development Corp. Special Facility Revenue Refunding (American <br> Airlines, Inc.-John F Kennedy International Airport Project), Series 2016, 5.00%, due 8/1/2031<br>| &nbsp;&nbsp; 1499908 |
| 11010000 | &nbsp;&nbsp; New York State Transportation Development Corp. Special Facility Revenue Refunding (JFK Airport <br> Terminal 6 Redevelopment Project), Series 2024-A, 5.50%, due 12/31/2060<br>| &nbsp;&nbsp; 10637872 |
| &nbsp;&nbsp; New York State Transportation Development Corp. Special Facility Revenue Refunding (JFK <br> International Airport Terminal 4 Project)<br>|  |  |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2020-A, 4.00%, due 12/1/2042  | &nbsp;&nbsp; 84427 |
| 500000 | &nbsp;&nbsp;&nbsp; Series 2022, 5.00%, due 12/1/2039  | &nbsp;&nbsp; 501681 |
| 1000000 | &nbsp;&nbsp; Niagara Area Development Corp. Solid Waste Disposal Facility Revenue Refunding (Covanta Project), <br> Series 2018-A, 4.75%, due 11/1/2042<br>| &nbsp;&nbsp; 886283<br> <sup>(a)</sup><br>|
| Niagara Frontier Transportation Authority Revenue Refunding (Buffalo Niagara International Airport) |  |  |
| 375000 | &nbsp;&nbsp;&nbsp; Series 2019-A, 5.00%, due 4/1/2037  | &nbsp;&nbsp; 378597 |
| 350000 | &nbsp;&nbsp;&nbsp; Series 2019-A, 5.00%, due 4/1/2038  | &nbsp;&nbsp; 351913 |
| 350000 | &nbsp;&nbsp;&nbsp; Series 2019-A, 5.00%, due 4/1/2039  | &nbsp;&nbsp; 350516 |
| 500000 | Oneida Indian Nation of New York Revenue, Series 2024-B, 6.00%, due 9/1/2043 | &nbsp;&nbsp; 522552<br> <sup>(a)</sup><br>|
| 175000 | &nbsp;&nbsp; Port Authority New York & New Jersey Consolidated Bonds Revenue Refunding (Two Hundred And <br> Forty Six), Series 2024, 5.00%, due 9/1/2033<br>| &nbsp;&nbsp; 191679 |
| 7125000 | &nbsp;&nbsp; Port Authority New York & New Jersey Consolidated Bonds Revenue Refunding (Two Hundred And <br> Forty Two), Series 2023-242, 5.00%, due 12/1/2053<br>| &nbsp;&nbsp; 7081311 |
| 1920000 | &nbsp;&nbsp; Port Authority New York & New Jersey Consolidated Bonds Revenue Refunding (Two Hundred And <br> Thirty Two), Series 2022-232, 4.63%, due 8/1/2052<br>| &nbsp;&nbsp; 1740665 |
| 500000 | &nbsp;&nbsp; Port Authority New York & New Jersey Consolidated Bonds Revenue Refunding (Two Hundred), <br> Series 2017, 5.00%, due 4/15/2057<br>| &nbsp;&nbsp; 491109 |
| 1000000 | &nbsp;&nbsp; State of New York Mortgage Agency Homeowner Mortgage Revenue, Series 2024-264, (SONYMA), <br> 4.60%, due 10/1/2054<br>| &nbsp;&nbsp; 929861 |
| Triborough Bridge & Tunnel Authority Revenue |  |  |
| 2200000 | &nbsp;&nbsp;&nbsp; (LOC: U.S. Bank N.A.), Series 2003-B-1, 2.80%, due 1/1/2033  | &nbsp;&nbsp; 2200000<br> <sup>(e)</sup><br>|
| 4000000 | &nbsp;&nbsp;&nbsp; Series 2025-A, 5.50%, due 12/1/2059  | &nbsp;&nbsp; 4149350 |
| 3000000 | Triborough Bridge & Tunnel Authority Sales Tax Revenue, Series 2024-A-1, 5.25%, due 5/15/2059 | &nbsp;&nbsp; 3062548 |
| TSASC, Inc. Revenue Refunding |  |  |
| 580000 | &nbsp;&nbsp;&nbsp; Series 2017-A, 5.00%, due 6/1/2028  | &nbsp;&nbsp; 592903 |
| 3000000 | &nbsp;&nbsp;&nbsp; Series 2017-A, 5.00%, due 6/1/2041  | &nbsp;&nbsp; 2861441 |
| 1000000 | &nbsp;&nbsp; Westchester County Local Development Corp. Revenue Refunding (Kendal on Hudson Project), <br> Series 2022-B, 5.00%, due 1/1/2051<br>| &nbsp;&nbsp; 941130 |
| 665000 | &nbsp;&nbsp; Yonkers Economic Development Corp. Education Revenue (Charter School of Education Excellence <br> Project), Series 2019-A, 5.00%, due 10/15/2049<br>| &nbsp;&nbsp; 593358 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **New York – cont'd** | **New York – cont'd** | **New York – cont'd** |
| $5000000 | &nbsp;&nbsp; Yonkers Industrial Development Agency School Facilities Revenue (New Community School Project), <br> Series 2022, (ST AID WITHHLDG), 5.00%, due 5/1/2047<br>| &nbsp;&nbsp; $5041041 |
|  |  | &nbsp;&nbsp; **108038387** |
| **North Carolina 2.9%** | **North Carolina 2.9%** | **North Carolina 2.9%** |
| Charlotte Airport Revenue |  |  |
| 1250000 | &nbsp;&nbsp;&nbsp; Series 2023-B, 5.00%, due 7/1/2044  | &nbsp;&nbsp; 1230754 |
| 1500000 | &nbsp;&nbsp;&nbsp; Series 2023-B, 5.00%, due 7/1/2048  | &nbsp;&nbsp; 1468407 |
| 1400000 | &nbsp;&nbsp; North Carolina Housing Finance Agency Revenue, (LOC: TD Bank N.A.), Series 2023-52, (FHLMC), <br> (FNMA), (GNMA), 2.75%, due 7/1/2049<br>| &nbsp;&nbsp; 1400000<br> <sup>(e)</sup><br>|
| 1700000 | &nbsp;&nbsp; North Carolina Medical Care Commission Retirement Facilities Revenue, Series 2020-A, 4.00%, due <br> 9/1/2050<br>| &nbsp;&nbsp; 1257444 |
| 4000000 | &nbsp;&nbsp; North Carolina Turnpike Authority Revenue (Triangle Expressway System), Series 2024-A, (AG), <br> 5.00%, due 1/1/2058<br>| &nbsp;&nbsp; 3959636 |
|  |  | &nbsp;&nbsp; **9316241** |
| **Ohio 9.1%** | **Ohio 9.1%** | **Ohio 9.1%** |
| 29795000 | &nbsp;&nbsp; Buckeye Tobacco Settlement Finance Authority Asset-Backed Senior Revenue Refunding, Class 2, <br> Series 2020-B-2, 5.00%, due 6/1/2055<br>| &nbsp;&nbsp; 24202595 |
| 2500000 | &nbsp;&nbsp; Ohio State Air Quality Development Authority Exempt Facilities Revenue (AMG Vanadium LLC), <br> Series 2019, 5.00%, due 7/1/2049<br>| &nbsp;&nbsp; 2113616<br> <sup>(a)</sup><br>|
| 2335000 | &nbsp;&nbsp; Ohio State Air Quality Development Authority Revenue Refunding (Ohio Valley Electric Corp. <br> Project), Series 2019-A, 3.25%, due 9/1/2029<br>| &nbsp;&nbsp; 2301301 |
|  |  | &nbsp;&nbsp; **28617512** |
| **Oregon 0.5%** | **Oregon 0.5%** | **Oregon 0.5%** |
| 10000 | &nbsp;&nbsp; Oregon State Housing & Community Service Department Multi-Family Revenue, Series 2012-B, <br> (FHA), (FHLMC), (FNMA), (GNMA), 3.50%, due 7/1/2027<br>| &nbsp;&nbsp; 9999 |
| 2180000 | Portland General Obligation (Transportation Project), Series 2022-A, 2.25%, due 10/1/2041 | &nbsp;&nbsp; 1517693 |
|  |  | &nbsp;&nbsp; **1527692** |
| **Pennsylvania 5.2%** | **Pennsylvania 5.2%** | **Pennsylvania 5.2%** |
| 1930000 | &nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development Authority Revenue (City Center Project), <br> Series 2024, 5.00%, due 5/1/2042<br>| &nbsp;&nbsp; 1886570<br> <sup>(a)</sup><br>|
| 2830000 | &nbsp;&nbsp; Lancaster County Hospital Authority Revenue Refunding (Health Centre-Landis Homes Retirement <br> Community Project), Series 2015-A, 4.25%, due 7/1/2030<br>| &nbsp;&nbsp; 2830169 |
| 1035000 | &nbsp;&nbsp; Pennsylvania Economic Development Financing Authority Revenue (PA Bridges Finco LP-P3 Project), <br> Series 2015, 5.00%, due 6/30/2042<br>| &nbsp;&nbsp; 1003520 |
| 3500000 | &nbsp;&nbsp; Pennsylvania Economic Development Financing Authority Revenue Refunding (Energy Supply LLC), <br> Series 2009-C, 5.25%, due 12/1/2037 Putable 6/1/2027<br>| &nbsp;&nbsp; 3524489 |
| 2350000 | &nbsp;&nbsp; Pennsylvania Economic Development Financing Authority Revenue Refunding (Tapestry Moon Senior <br> Housing Project), Series 2018-A, 6.75%, due 12/1/2053<br>| &nbsp;&nbsp; 470000<br> <sup>(a)(b)</sup><br>|
| 7255000 | Philadelphia Water & Wastewater Revenue Refunding, Series 2023-B, (AG), 4.50%, due 9/1/2048 | &nbsp;&nbsp; 6865367 |
|  |  | &nbsp;&nbsp; **16580115** |
| **Puerto Rico 7.0%** | **Puerto Rico 7.0%** | **Puerto Rico 7.0%** |
| 1750000 | &nbsp;&nbsp; Puerto Rico Commonwealth General Obligation (Restructured), Series 2021-A1, 4.00%, due <br> 7/1/2046<br>| &nbsp;&nbsp; 1458662 |
| 22552000 | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Series 2018-A-1, 5.00%, due 7/1/2058 | &nbsp;&nbsp; 20610605 |
|  |  | &nbsp;&nbsp; **22069267** |
| **South Carolina 2.6%** | **South Carolina 2.6%** | **South Carolina 2.6%** |
| 3110000 | &nbsp;&nbsp; Patriots Energy Group Financing Agency Revenue Refunding, Series 2023-B-1, 5.25%, due 2/1/2054 <br> Putable 3/1/2031<br>| &nbsp;&nbsp; 3342942 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **South Carolina – cont'd** | **South Carolina – cont'd** | **South Carolina – cont'd** |
| $1875000 | &nbsp;&nbsp; South Carolina Jobs Economic Development Authority Economic Development Revenue (River Park <br> Senior Living Project), Series 2017-A, 7.75%, due 10/1/2057<br>| &nbsp;&nbsp; $1882571 |
| 550000 | &nbsp;&nbsp; South Carolina Jobs Economic Development Authority Solid Waste Disposal Revenue (AMT-Green <br> Bond-Last Step Recycling LLC Project), Series 2021-A, 6.50%, due 6/1/2051<br>| &nbsp;&nbsp; 60500<br> <sup>(a)(b)</sup><br>|
| 2325000 | &nbsp;&nbsp; South Carolina Jobs Economic Development Authority Solid Waste Disposal Revenue (Green <br> Bond-Jasper Pellets LLC Project), Series 2018-A, 7.00%, due 11/1/2038<br>| &nbsp;&nbsp; 3255<br> <sup>#(b)(f)(g)</sup><br>|
| 750000 | &nbsp;&nbsp; South Carolina Jobs Economic Development Authority Solid Waste Disposal Revenue (RePower <br> South Berkeley LLC Project), Series 2017, 6.25%, due 2/1/2045<br>| &nbsp;&nbsp; 67500<br> <sup>(a)(b)</sup><br>|
| 2500000 | &nbsp;&nbsp; South Carolina Jobs-Economic Development Authority Revenue (Novant Health Obligated Group), <br> Series 2024-A, 4.50%, due 11/1/2054<br>| &nbsp;&nbsp; 2230546 |
| 735000 | &nbsp;&nbsp; South Carolina State Housing Finance & Development Authority Mortgage Revenue, Series 2024-A, <br> 4.75%, due 1/1/2054<br>| &nbsp;&nbsp; 693924 |
|  |  | &nbsp;&nbsp; **8281238** |
| **Tennessee 1.1%** | **Tennessee 1.1%** | **Tennessee 1.1%** |
| 2000000 | &nbsp;&nbsp; Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board <br> Revenue (Blakeford At Green Hills), Series 2020-A, 4.00%, due 11/1/2045<br>| &nbsp;&nbsp; 1555732 |
| &nbsp;&nbsp; Shelby County Health & Educational Facilities Board Revenue (Madrone Memphis Student Housing I <br> LLC)<br>|  |  |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2024-A1, 5.00%, due 6/1/2044  | &nbsp;&nbsp; 928015<br> <sup>(a)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2024-A1, 5.25%, due 6/1/2056  | &nbsp;&nbsp; 901120<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **3384867** |
| **Texas 12.8%** | **Texas 12.8%** | **Texas 12.8%** |
| 250000 | &nbsp;&nbsp; Anson Educational Facilities Corp. Educational Revenue (Arlington Classics Academy), <br> Series 2016-A, 5.00%, due 8/15/2045<br>| &nbsp;&nbsp; 232405 |
| Arlington Higher Education Finance Corp. Revenue (Basis Texas Charter Schools, Inc.) |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2024, 4.88%, due 6/15/2059  | &nbsp;&nbsp; 877654<br> <sup>(a)</sup><br>|
| 700000 | &nbsp;&nbsp;&nbsp; Series 2024, 5.00%, due 6/15/2064  | &nbsp;&nbsp; 620358<br> <sup>(a)</sup><br>|
| 825000 | &nbsp;&nbsp; Arlington Higher Education Finance Corp. Revenue (Universal Academy), Series 2014-A, 6.63%, due <br> 3/1/2029<br>| &nbsp;&nbsp; 825607 |
| 730000 | &nbsp;&nbsp; Austin Community College District Public Facility Corp. Lease Revenue, Series 2018-C, 4.00%, due <br> 8/1/2042<br>| &nbsp;&nbsp; 649902 |
| 185000 | &nbsp;&nbsp; Dallas County Flood Control District No. 1 Refunding General Obligation, Series 2015, 5.00%, due <br> 4/1/2028<br>| &nbsp;&nbsp; 185025<br> <sup>(a)</sup><br>|
| 3000000 | Dallas Fort Worth International Airport Revenue Refunding, Series 2023-B, 5.00%, due 11/1/2047 | &nbsp;&nbsp; 3020357 |
| 2085000 | &nbsp;&nbsp; Dallas Independent School District General Obligation, Series 2022, (PSF-GTD), 2.75%, due <br> 2/15/2052<br>| &nbsp;&nbsp; 1329673 |
| 1500000 | &nbsp;&nbsp; Elm Ridge Water Control & Improvement District of Denton County General Obligation, Series 2013, <br> 5.00%, due 9/1/2037<br>| &nbsp;&nbsp; 1398517 |
| 3050000 | &nbsp;&nbsp; EP Tuscany Zaragosa PFC Revenue (Home Essential Function Housing Program), Series 2023, 4.00%, <br> due 12/1/2033<br>| &nbsp;&nbsp; 2999182 |
| 2000000 | &nbsp;&nbsp; Fort Bend County Industrial Development Corp. Revenue (NRG Energy, Inc.), Series 2012-B, 4.75%, <br> due 11/1/2042<br>| &nbsp;&nbsp; 1891880 |
| 7100000 | Fort Bend County Texas Public Facility Corp. Revenue, Series 2023, 5.00%, due 3/1/2053 | &nbsp;&nbsp; 7143832 |
| 915000 | &nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp. Revenue (Brazos Presbyterian Homes, Inc. <br> Project), Series 2013-B, 5.75%, due 1/1/2028<br>| &nbsp;&nbsp; 916361 |
| 1500000 | Houston Airport System Revenue (United Airlines, Inc.), Series 2024-B, 5.50%, due 7/15/2038 | &nbsp;&nbsp; 1548540 |
| 1000000 | &nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Revenue, Series 2025-A, 6.50%, due <br> 10/1/2055<br>| &nbsp;&nbsp; 966495 |
| New Hope Cultural Education Facilities Finance Corp. Revenue (Beta Academy) |  |  |
| 545000 | &nbsp;&nbsp;&nbsp; Series 2019-A, 5.00%, due 8/15/2039  | &nbsp;&nbsp; 508497<br> <sup>(a)</sup><br>|
| 520000 | &nbsp;&nbsp;&nbsp; Series 2019-A, 5.00%, due 8/15/2049  | &nbsp;&nbsp; 449374<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Texas – cont'd** | **Texas – cont'd** | **Texas – cont'd** |
| $500000 | &nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Senior Living Revenue (Cardinal Bay, Inc. <br> Village On The Park Carriage), Series 2016-C, 5.50%, due 7/1/2046<br>| &nbsp;&nbsp; $250000<br> <sup>(b)</sup><br>|
| 3150000 | &nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. Revenue Refunding (Baylor Scott & White <br> Health Project), (LOC: JP Morgan Chase Bank N.A.), Series 2024-A, 2.20%, due 11/15/2050<br>| &nbsp;&nbsp; 3150000<br> <sup>(e)</sup><br>|
| 2075000 | &nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp. Revenue Refunding (Methodist Hospitals <br> of Dallas), (LOC: TD Bank N.A.), Series 2008-A, 2.70%, due 10/1/2041<br>| &nbsp;&nbsp; 2075000<br> <sup>(e)</sup><br>|
| &nbsp;&nbsp; Texas State Private Activity Bond Surface Transportation Corp. Revenue Refunding (Senior Lien-NTE <br> Mobility Partners Segments 3 LLC)<br>|  |  |
| 1750000 | &nbsp;&nbsp;&nbsp; Series 2023, 5.38%, due 6/30/2037  | &nbsp;&nbsp; 1821808 |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2023, 5.38%, due 6/30/2039  | &nbsp;&nbsp; 1026981 |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2023, 5.50%, due 6/30/2040  | &nbsp;&nbsp; 1026695 |
| 2350000 | &nbsp;&nbsp;&nbsp; Series 2023, 5.50%, due 6/30/2041  | &nbsp;&nbsp; 2397396 |
| 3500000 | Texas Water Development Board Revenue (Master Trust), Series 2024-A, 4.38%, due 10/15/2059 | &nbsp;&nbsp; 3127712 |
|  |  | &nbsp;&nbsp; **40439251** |
| **Utah 3.0%** | **Utah 3.0%** | **Utah 3.0%** |
| 1500000 | Mida Mountain Village Public Infrastructure District Revenue, Series 2024-2, 6.00%, due 6/15/2054 | &nbsp;&nbsp; 1493274<br> <sup>(a)</sup><br>|
| Salt Lake City Airport Revenue |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2017-A, 5.00%, due 7/1/2042  | &nbsp;&nbsp; 992789 |
| 2000000 | &nbsp;&nbsp;&nbsp; Series 2017-A, 5.00%, due 7/1/2047  | &nbsp;&nbsp; 1953607 |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2018-A, 5.00%, due 7/1/2043  | &nbsp;&nbsp; 982145 |
| 3000000 | &nbsp;&nbsp; Salt Lake County Hospital Revenue (IHC Health Service, Inc.), Series 2001, (AMBAC), 5.40%, due <br> 2/15/2028<br>| &nbsp;&nbsp; 3029841 |
| Utah Infrastructure Agency Telecommunication Revenue |  |  |
| 450000 | &nbsp;&nbsp;&nbsp; Series 2024, 5.50%, due 10/15/2044  | &nbsp;&nbsp; 460394 |
| 500000 | &nbsp;&nbsp;&nbsp; Series 2024, 5.50%, due 10/15/2048  | &nbsp;&nbsp; 504541 |
|  |  | &nbsp;&nbsp; **9416591** |
| **Vermont 0.5%** | **Vermont 0.5%** | **Vermont 0.5%** |
| 1000000 | &nbsp;&nbsp; Vermont Economic Development Authority Solid Waste Disposal Revenue (Casella Waste System, <br> Inc.), Series 2022-A-1, 5.00%, due 6/1/2052 Putable 6/1/2027<br>| &nbsp;&nbsp; 1006342<br> <sup>(a)</sup><br>|
| 700000 | Vermont Student Assistant Corp. Education Loan Revenue, Series 2015-A, 4.13%, due 6/15/2027 | &nbsp;&nbsp; 700586 |
|  |  | &nbsp;&nbsp; **1706928** |
| **Virginia 1.3%** | **Virginia 1.3%** | **Virginia 1.3%** |
| 3700000 | Virginia Beach Development Authority Revenue, Series 2023-A, 7.00%, due 9/1/2059 | &nbsp;&nbsp; **3987027** |
| **Washington 1.5%** | **Washington 1.5%** | **Washington 1.5%** |
| 3770000 | &nbsp;&nbsp; Vancouver Downtown Redevelopment Authority Revenue (Conference Center Project), Series 2013, <br> 4.00%, due 1/1/2028<br>| &nbsp;&nbsp; 3773006 |
| 1000000 | &nbsp;&nbsp; Washington State Economic Development Finance Authority Environmental Facilities Revenue <br> (Green Bond), Series 2020-A, 5.63%, due 12/1/2040<br>| &nbsp;&nbsp; 986926<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **4759932** |
| **West Virginia 1.4%** | **West Virginia 1.4%** | **West Virginia 1.4%** |
| West Virginia Hospital Finance Authority Revenue (Vandalia Health Group) |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp; Series 2023-B, 6.00%, due 9/1/2053  | &nbsp;&nbsp; 1579953 |
| 1500000 | &nbsp;&nbsp;&nbsp; Series 2023-B, (AG), 5.38%, due 9/1/2053  | &nbsp;&nbsp; 1538601 |
| 1400000 | &nbsp;&nbsp; West Virginia Hospital Finance Authority Revenue Refunding (Charleston Area Medical Center, Inc.), <br> Series 2019-A, 5.00%, due 9/1/2039<br>| &nbsp;&nbsp; 1402070 |
|  |  | &nbsp;&nbsp; **4520624** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Wisconsin 11.8%** | **Wisconsin 11.8%** | **Wisconsin 11.8%** |
| $2000000 | &nbsp;&nbsp; Public Finance Authority Airport Facility Revenue Refunding (Trips Obligation Group), Series 2012-B, <br> 5.00%, due 7/1/2042<br>| &nbsp;&nbsp; $1947897 |
| 870000 | &nbsp;&nbsp; Public Finance Authority Education Revenue (Pine Lake Preparatory, Inc.), Series 2015, 4.95%, due <br> 3/1/2030<br>| &nbsp;&nbsp; 870358<br> <sup>(a)</sup><br>|
| 200000 | &nbsp;&nbsp; Public Finance Authority Education Revenue (Resh Triangle High School Project), Series 2015-A, <br> 5.38%, due 7/1/2035<br>| &nbsp;&nbsp; 200008<br> <sup>(a)</sup><br>|
| 600000 | &nbsp;&nbsp; Public Finance Authority Retirement Facility Revenue Refunding (Friends Homes), Series 2019, <br> 5.00%, due 9/1/2054<br>| &nbsp;&nbsp; 511782<br> <sup>(a)</sup><br>|
| 838000 | Public Finance Authority Revenue (Candela Project), Series 2023, 6.13%, due 12/15/2029 | &nbsp;&nbsp; 846727<br> <sup>(a)</sup><br>|
| 18000000 | &nbsp;&nbsp; Public Finance Authority Revenue (Georgia Sr. 400 Express Lanes Project), Series 2025, 5.75%, due <br> 12/31/2065<br>| &nbsp;&nbsp; 17160534<br> <sup>(h)</sup><br>|
| 2500000 | Public Finance Authority Revenue (Mayfair Project), Series 2024-A-4, 5.50%, due 11/15/2032 | &nbsp;&nbsp; 2480238<br> <sup>(a)</sup><br>|
| 3077000 | Public Finance Authority Revenue (Signorelli Project), Series 2024, 5.38%, due 12/15/2032 | &nbsp;&nbsp; 3076929<br> <sup>(a)</sup><br>|
| 3000000 | &nbsp;&nbsp; Public Finance Authority Revenue Refunding (Celanese Project), Series 2016-D, 4.05%, due <br> 11/1/2030<br>| &nbsp;&nbsp; 2975205 |
| 6000000 | &nbsp;&nbsp; Public Finance Authority Special Facility Revenue (Sky Harbour Capital LLC Aviation Facility Project), <br> Series 2021, 4.25%, due 7/1/2054<br>| &nbsp;&nbsp; 4612204 |
| 800000 | Saint Croix Chippewa Indians of Wisconsin Refunding, Series 2021, 5.00%, due 9/30/2041 | &nbsp;&nbsp; 686168<br> <sup>(a)</sup><br>|
| Wisconsin Health & Educational Facilities Authority Revenue (Chiara Housing & Services, Inc. Project) |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2024, 6.00%, due 7/1/2060  | &nbsp;&nbsp; 955851 |
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2025, 6.63%, due 7/1/2060  | &nbsp;&nbsp; 1012721 |
|  |  | &nbsp;&nbsp; **37336622** |
| **Total Investments 175.1% (Cost $578,389,609)** | **Total Investments 175.1% (Cost $578,389,609)** | &nbsp;&nbsp; **553767845** |
| Liabilities Less Other Assets (3.0)% | Liabilities Less Other Assets (3.0)% | &nbsp;&nbsp; (9578022)<br>|
| Liquidation Preference of Variable Rate Municipal Term Preferred Shares (72.1)% | Liquidation Preference of Variable Rate Municipal Term Preferred Shares (72.1)% | &nbsp;&nbsp; (227900000)<sup>(i)</sup><br>|
| **Net Assets Applicable to Common Stockholders 100.0%** | **Net Assets Applicable to Common Stockholders 100.0%** | &nbsp;&nbsp; **$316289823** |

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At July 31, 2025, these securities amounted to $73,857,728, which represents 23.4% of net assets applicable
 to common stockholders of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Defaulted security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Currently a zero coupon security; will convert to 7.30% on August 1, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at
 a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the
 current rate as of July 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Variable rate demand obligation where the stated interest rate is not based on a published
 reference rate and spread. Rather, the interest rate generally resets daily or weekly and is determined
 by the remarketing agent. The rate shown represents the rate in effect at July 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Value determined using significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Security fair valued as of July 31, 2025 in accordance with procedures approved by
 the valuation designee. Total value of all such securities at July 31, 2025 amounted to $3,255, which represents
 0.0% of net assets applicable to common stockholders of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(h) When-issued security. Total value of all such securities at July 31, 2025 amounted
 to $17,160,534, which represents 5.4% of net assets applicable to common stockholders of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Fair valued as of July 31, 2025 in accordance with procedures approved by the valuation
 designee.

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

# This security is subject to restrictions on resale. Total value of all such securities at July 31, 2025 amounted to $3,255, which represents 0.0% of net assets applicable to common stockholders of the Fund. Acquisition dates shown with a range, if any, represent securities that were acquired over the period shown in the table.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Security** | **Acquisition** <br>**Date(s)**<br>| **Acquisition** <br>**Cost**<br>| **Value as of** <br>**7/31/2025**<br>| **Fair Value** <br>**Percentage** <br>**of Net Assets** <br>**Applicable** <br>**to Common** <br>**Stockholders** <br>**as of** <br>**7/31/2025**<br>|
| South Carolina Jobs Economic Development Authority Solid <br> Waste Disposal Revenue (Green Bond-Jasper Pellets LLC <br> Project)<br>| 12/4/2018-6/25/2020 | &nbsp;&nbsp; $2227759 | &nbsp;&nbsp; $3255 | &nbsp;&nbsp; 0.0% |

---

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| Municipal Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp; South Carolina | $— | $8277983 | $3255 | $8281238 |
| &nbsp;&nbsp;&nbsp; Other Municipal Notes<sup>#</sup> <br>|  | 545486607 |  | 545486607 |
| Total Municipal Notes |  | 553764590 | 3255 | 553767845 |
| **Total Investments** | **$—** | **$553764590** | **$3255** | **$553767845** |

---

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

# The Schedule of Investments provides information on the industry, state/territory or sector categorization.

(a) The following is a reconciliation between the beginning and ending balances of investments in which significant unobservable inputs (Level 3) were used in determining value: 

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

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(000's** <br>**omitted)**<br>| **Beginning** <br>**balance as** <br>**of 11/1/2024**<br>| **Accrued** <br>**discounts/** <br>**(premiums)**<br>| **Realized** <br>**gain/(loss)**<br>| **Change** <br>**in unrealized** <br>**appreciation/** <br>**(depreciation)**<br>| **Purchases** | **Sales/** <br>**Other** <br>**Reductions**<br>| **Transfers** <br>**into** <br>**Level 3**<br>| **Transfers** <br>**out of** <br>**Level 3**<br>| **Balance** <br>**as of** <br>**7/31/2025**<br>| **Net change in** <br>**unrealized** <br>**appreciation/** <br>**(depreciation)** <br>**from** <br>**investments** <br>**still held as of** <br>**7/31/2025**<br>|
| **Investments in** <br>**Securities:** <br>|  |  |  |  |  |  |  |  |  |  |
| Loan <br> Assignments<sup>(1)</sup><br>| $75 | $— | $(715)<br>| $708 | $— | $(68)<br>| $— | $— | $— | $— |
| Municipal <br> Notes<sup>(1)</sup><br>| 453 | 3 | (1810)<br>| 1597 |  | (240)<br>|  |  | 3 | (191)<br>|
| **Total** | **$528** | **$3** | **$(2525)**<br>| **$2305** | **$—** | **$(308)**<br>| **$—** | **$—** | **$3** | **$(191)**<br>|

---

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Quantitative Information about Level 3 Fair Value Measurements: |
| **Investment type** | **Fair value** <br>**at** <br>**7/31/2025**<br>| &nbsp;&nbsp; **Valuation** <br>**approach**<br>| &nbsp;&nbsp; **Significant unobservable** <br>**input(s)**<br>| &nbsp;&nbsp; **Input value/** <br>**range**<br>| &nbsp;&nbsp; **Weighted** <br>**average**<sup>(a)</sup><br>| &nbsp;&nbsp; **Impact to** <br>**valuation** <br>**from** <br>**increase** <br>**in input**<sup>(b)</sup><br>|
| Municipal Notes | $3255 | Market Approach | Recovery Value (of Par Value) | 0.1% | 0.1% | Increase |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) The weighted averages disclosed in the table above were weighted by relative fair value. |

---

See Notes to Schedule of Investments

------

Schedule of Investments Municipal Fund Inc.^ (Unaudited) (cont'd)

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements.<br>

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

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's outstanding Variable Rate Municipal Term Preferred Shares as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Variable Rate Municipal Term Preferred Shares<sup>(a)</sup> <br>| $— | $(227900000)<br>| $— | $(227900000)<br>|
| **Total Variable Rate Municipal Term Preferred** <br> **Shares**<br>| **$—** | **$(227900000)**<br>| **$—** | **$(227900000)**<br>|

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund may hold liabilities in which the fair value approximates the carrying amount
 for financial statement purposes.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

July 31, 2025

Notes to Schedule of Investments Municipal Fund Inc. (Unaudited)

In accordance with Accounting Standards Codification 820 "Fair Value Measurement" ("ASC 820"), all investments held by Neuberger Berman Municipal Fund Inc. (the "Fund") are carried at the value that Management believes the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Fund's investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820.

ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – unadjusted quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

The value of the Fund's investments in municipal notes is determined by Management primarily by obtaining valuations from independent pricing services based on bid quotations, or if quotations are not available, by methods that include various considerations such as yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions (generally Level 2 inputs). Other Level 2 and 3 inputs used by independent pricing services to value municipal notes include current trades, bid-wanted lists (which inform the market that a holder is interested in selling a position and that offers will be considered), offerings, general information on market movement, direction, trends, appraisals, bid offers and specific data on specialty issues.

The value of the Fund's Variable Rate Municipal Term Preferred Shares is estimated to be their liquidation preference (Level 2 inputs).

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount the Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Directors designated Management as the Fund's valuation designee. As the Fund's valuation designee, Management is responsible for determining fair value in good faith for all Fund investments. Inputs and assumptions considered in determining fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers or pricing services; information obtained from the issuer and analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold.

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or traded.

For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.

------

Notes to Schedule of Investments Municipal Fund Inc. (Unaudited) (cont'd)

Legend

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

---

| | |
|:---|:---|
| **Counterparties:** | **Counterparties:** |
| TD | = TD Securities |
| **Other Abbreviations:** | **Other Abbreviations:** |
| Management | = Neuberger Berman Investment Advisers LLC |

---

For information on the Fund's significant accounting policies, please refer to the Fund's most recent stockholder reports.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Neuberger Berman Municipal Fund Inc.

- **b. Investment Company Act file number:** 811-21168

- **c. CIK number of Registrant:** 0001178839

- **d. LEI of Registrant:** 549300IIZWX8QVUHXO20

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

  - **Street Address 1:** 1290 AVENUE OF THE AMERICAS

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10104

  - **Telephone number:** 212-476-8800

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

- **a. Name of Series:** Neuberger Berman Municipal Fund Inc.

- **c. LEI of Series:** 549300IIZWX8QVUHXO20

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $563803302.39

**Total Liabilities:** $247504192.73

**Net Assets:** $316299109.66

**Delayed Delivery Securities:** $16853400.00

**Cash Not Reported:** $101687.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -721.60000000 | **1-Year:** -16307.33000000 | **5-Year:** -56016.71000000 | **10-Year:** -143533.48000000 | **30-Year:** -76938.53000000

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

- **3-Month:** -495.66000000 | **1-Year:** -6804.03000000 | **5-Year:** -20839.36000000 | **10-Year:** -49957.70000000 | **30-Year:** -33268.03000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -2.03%               | 0.14%                | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2494063.82             | $-3817304.98                               |
| Month 2  | $-2556800.83             | $3579231.08                                |
| Month 3  | $-2453224.91             | $-6185960.95                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Village Community Development District No 11                                     | VLG CDD #11 FL SPL ASSMNT REVENUE                            | CUSIP: 92708EAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $670334.46    | 0.21%             | 2029-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532PV0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497710.00    | 0.16%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEV AUTH SPL TAX REVENUE           | CUSIP: 13077EEJ5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    425000 | PA      | $425386.50    | 0.13%             | 2025-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Albany Capital Resource Corp                                                     | ALBANY NY CAPITAL RESOURCE CORP                              | CUSIP: 012432BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $380372.48    | 0.12%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                | IRVINE CA SPL TAX                                            | CUSIP: 46360TBD4<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    645000 | PA      | $645351.59    | 0.20%             | 2026-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399TA4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7286385.60   | 2.30%             | 2066-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2851342.50   | 0.90%             | 2060-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EPS9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1263604.86   | 0.40%             | 2049-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TVF7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $473164.90    | 0.15%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615KP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2880000 | PA      | $2923958.59   | 0.92%             | 2057-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $495157.75    | 0.16%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                               | CUSIP: 956622X33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1538601.15   | 0.49%             | 2053-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSD9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1257443.59   | 0.40%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364J7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964770.80    | 0.31%             | 2037-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                | IRVINE CA SPL TAX                                            | CUSIP: 46360TBE2<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    690000 | PA      | $690296.63    | 0.22%             | 2027-09-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5044758.50   | 1.59%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444CC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1886570.56   | 0.60%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Tobacco Settlement Corp                                            | NASSAU CNTY NY TOBACCO SETTLEMENT CORP                       | CUSIP: 63166MCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4175000 | PA      | $3336436.22   | 1.05%             | 2046-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE           | CUSIP: 97671VCU7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012721.00   | 0.32%             | 2060-07-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                                           | VERMONT ST ECON DEV AUTH SOLID WST DISP REVENUE              | CUSIP: 924157AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006342.40   | 0.32%             | 2052-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE            | CUSIP: 64542QBF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $449374.12    | 0.14%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE             | CUSIP: 917467DC3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504541.25    | 0.16%             | 2048-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PLZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $470000.00    | 0.15%             | 2053-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SOUTH CAROLINA ST HSG FIN & DEV AUTH MTGE REVENUE            | CUSIP: 83712D5E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $693923.57    | 0.22%             | 2054-01-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Platte River Metropolitan District                                               | PLATTE RVR MET DIST CO                                       | CUSIP: 727810AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1603000 | PA      | $1586255.54   | 0.50%             | 2053-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Navajo Nation                                                                    | NAVAJO NATION AZ                                             | CUSIP: 639185AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $772781.78    | 0.24%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EGW0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125183.95    | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                                | GUAM INTERNATIONAL ARPT AUTH                                 | CUSIP: 40064RFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $757207.58    | 0.24%             | 2043-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Victor Valley Community College District                                         | VICTOR VLY CA CMNTY CLG DIST                                 | CUSIP: 92603PDN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12070000 | PA      | $13522122.39  | 4.28%             | 2037-08-01      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                         | CUSIP: 852640AK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983756.30    | 0.31%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548540.00   | 0.49%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cityplace Community Development District                                         | CITYPLACE FL CDD SPL ASSMNT REVENUE                          | CUSIP: 17877SAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $273273.21    | 0.09%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  29795000 | PA      | $24202594.70  | 7.65%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807JX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $620357.57    | 0.20%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk Housing Authority                                                        | NORWALK CT HSG AUTH MF HSG TAXEXEMPT BONDS                   | CUSIP: 668866AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4585000 | PA      | $4342047.27   | 1.37%             | 2042-09-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | LIBERTY DEV CORP NY REVENUE                                  | CUSIP: 531127AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2236705.00   | 0.71%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $999736.03    | 0.32%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas County Flood Control District No 1                                        | DALLAS CNTY TX FLOOD CONTROL DIST                            | CUSIP: 234662DU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185025.05    | 0.06%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI ARPT FACS REVENUE                         | CUSIP: 74443CAC7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1947896.80   | 0.62%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norwalk-La Mirada Unified School District                                        | NORWALK-LA MIRADA CA UNIF SCH DIST                           | CUSIP: 669096RU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5125000 | PA      | $5506398.40   | 1.74%             | 2029-08-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1003520.58   | 0.32%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP REVENUE                     | CUSIP: 424682JP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $417963.60    | 0.13%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CJY1<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700585.62    | 0.22%             | 2027-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EGZ3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    325000 | PA      | $325412.59    | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QBE8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2075000.00   | 0.66%             | 2041-10-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REAL ESTATE TRANSFER TAX  | CUSIP: 896032BD0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4149350.40   | 1.31%             | 2059-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AW30<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    480000 | PA      | $398184.00    | 0.13%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Area Flood Control Agency                                             | SACRAMENTO CA AREA FLOOD CONTROL AGY                         | CUSIP: 785840JQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1702801.26   | 0.54%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9646242.00   | 3.05%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Minnesota Agricultural & Economic Development Board                              | MINNESOTA ST AGRIC & ECON DEVBRD                             | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1996645.00   | 0.63%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XFT4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $1740664.51   | 0.55%             | 2052-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400440.60    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota               | SAINT PAUL MN HSG & REDEV AUTH CHRT SCH LEASE REVENUE        | CUSIP: 852297CM0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    400000 | PA      | $370106.92    | 0.12%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YBL4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1725183.80   | 0.55%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health & Educational Facilities Board                              | SHELBY CNTY TENN HEALTH EDL & HSG FAC BRD STUDENT HSG REVENU | CUSIP: 82170LAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928015.30    | 0.29%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp                                           | DUTCHESS CNTY NY LOCAL DEV CORP REVENUE                      | CUSIP: 267045HV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $264459.86    | 0.08%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TVE0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    350000 | PA      | $349997.90    | 0.11%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BKJ6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1870340.40   | 0.59%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445C72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1537121.42   | 0.49%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Redondo Beach Unified School District                                            | REDONDO BEACH CA UNIF SCH DIST                               | CUSIP: 757710HW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5197218.00   | 1.64%             | 2034-08-01      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NEW JERSEY ST HSG & MTGE FIN AGY MF CONDUIT REVENUE          | CUSIP: 646127FN5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002965.80   | 0.32%             | 2065-12-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Berwyn IL                                                                | BERWYN IL                                                    | CUSIP: 086257MQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5705000 | PA      | $5709010.04   | 1.80%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11010000 | PA      | $10637871.91  | 3.36%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985485.30    | 0.31%             | 2040-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3469207.60   | 1.10%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25052000 | PA      | $22895391.06  | 7.24%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 6582074F9<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.44%             | 2049-07-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EGE0<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $999000.00    | 0.32%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN HLTH EDL FACS AUTH SENIOR LIVING REVENUE           | CUSIP: 97671VCQ6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $955850.80    | 0.30%             | 2060-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Anson Education Facilities Corp                                                  | ANSON TX EDU FACS CORP EDU REVENUE                           | CUSIP: 036472AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $232405.15    | 0.07%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                              | PORTLAND OR REVENUE                                          | CUSIP: 736740WP2<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $1517693.33   | 0.48%             | 2041-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SVN1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $481874.95    | 0.15%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SOL WST DISP REVENUE    | CUSIP: 83704DAF3<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $3255.00      | 0.00%             | 2038-11-01      | Fixed         | 7.00%                 | Yes           |                  3 | On Loan: No      |
| Niagara Frontier Transportation Authority                                        | NIAGARA NY FRONTIER TRANSPRTN AUTH                           | CUSIP: 653544EF9<br>LEI: 2549006J37UHUDTNJV60 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350515.87    | 0.11%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EGK6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    975000 | PA      | $585000.00    | 0.18%             | 2044-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TCP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400189.80    | 0.13%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA DEV FIN CORP HLTHCAREFACS REVENUE                    | CUSIP: 34061QCV7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $2946368.60   | 0.93%             | 2055-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Austin Community College District Public Facility Corp                           | AUSTIN TX CMNTY CLG DIST PUBLIC FAC CORP LEASE REVENUE       | CUSIP: 052405FJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $649901.70    | 0.21%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SOL WST DISP REVENUE    | CUSIP: 83704DAC0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    750000 | PA      | $67500.00     | 0.02%             | 2045-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                           | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE         | CUSIP: 896035DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3062547.90   | 0.97%             | 2059-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                      | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130179GK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $253392.96    | 0.08%             | 2029-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XNM0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    175000 | PA      | $191679.29    | 0.06%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | DIRECTOR OF THE ST OF NEVADA DEPT OF BUSINESS & INDUSTRIAL   | CUSIP: 25490LAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $254519.58    | 0.08%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency Homeowner Mortgage Revenue                     | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YB48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929861.10    | 0.29%             | 2054-10-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | ATLANTA GA DEV AUTH                                          | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $698241.39    | 0.22%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499907.60   | 0.47%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628CJD5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    580583 | PA      | $488556.61    | 0.15%             | 2043-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EGH3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    650000 | PA      | $390000.00    | 0.12%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                         | CUSIP: 6069014P8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    575000 | PA      | $575000.00    | 0.18%             | 2035-10-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 645918Z63<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250534.65    | 0.08%             | 2026-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI RETMNT FAC REVENUE                        | CUSIP: 74444VAN0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $511782.30    | 0.16%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAR5<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3342941.80   | 1.06%             | 2054-02-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Economic Development Finance Authority                                | WASHINGTON ST ECON DEV FIN AUTH ENVRNMNYL FACS REVENUE       | CUSIP: 93975YAH4<br>LEI: 549300TQ7IXFA28IYO51 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986926.20    | 0.31%             | 2040-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Louisiana Stadium & Exposition District                                          | LOUISIANA STADIUM & EXPOSITION DIST LA                       | CUSIP: 546410CY5<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1905556.30   | 0.60%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Luis Coastal Unified School District                                         | SAN LUIS COASTAL CA UNIF SCH DIST                            | CUSIP: 798546EF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1720270.00   | 0.54%             | 2053-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615KM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2007644.60   | 0.63%             | 2047-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TN90<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501216.75    | 0.16%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| St Croix Chippewa Indians of Wisconsin                                           | ST CROIX CHIPPEWA INDIANS OF WISCONSIN                       | CUSIP: 788400AA7<br>LEI: 5493006ZQ04VD450FS17 | Long             | DBT              | MUN               | US        |    800000 | PA      | $686168.16    | 0.22%             | 2041-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lee FL Airport Revenue                                                 | LEE CNTY FL ARPT REVENUE                                     | CUSIP: 523470HW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008326.00   | 0.63%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP REVENUE                     | CUSIP: 424682JR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $460174.46    | 0.15%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501681.30    | 0.16%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albany Capital Resource Corp                                                     | ALBANY NY CAPITAL RESOURCE CORP                              | CUSIP: 012432BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375343.91    | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Goddard KS                                                               | GODDARD KS SALES TAX SPL OBLG REVENUE                        | CUSIP: 380278AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $685595.30    | 0.22%             | 2034-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE            | CUSIP: 11943KDC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $454798.05    | 0.14%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TDN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $249000.00    | 0.08%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TFM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500611.05    | 0.16%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH CHRT SCH LEASE REVENUE           | CUSIP: 130486AJ2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $954504.80    | 0.30%             | 2044-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE  | CUSIP: 13054WAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2760000 | PA      | $2773951.52   | 0.88%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE             | CUSIP: 917467DB5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    450000 | PA      | $460393.83    | 0.15%             | 2044-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TSASC Inc/NY                                                                     | TSASC INC NY                                                 | CUSIP: 898526FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2861440.50   | 0.90%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH SOL WST DISP REVENUE    | CUSIP: 83704DAM8<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    550000 | PA      | $60500.00     | 0.02%             | 2051-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE      | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4245366.65   | 1.34%             | 2043-12-01      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE            | CUSIP: 11943KCN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501778.60    | 0.16%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                | CUSIP: 13063DS82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017343.40   | 0.32%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sacramento CA                                                            | SACRAMENTO CA SPL TAX                                        | CUSIP: 786071MB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $487070.75    | 0.15%             | 2047-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BBT4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1067463.84   | 0.34%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667CH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026981.00   | 0.32%             | 2039-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                      | ATLANTA GA URBAN RSDL FIN AUTHMF HSG REVENUE                 | CUSIP: 04785WAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1973417.60   | 0.62%             | 2043-09-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UBZ0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1031580.64   | 0.33%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Victor Valley Union High School District                                         | VICTOR VLY CA UNION HIGH SCH DIST                            | CUSIP: 926055GS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5095000 | PA      | $4954485.00   | 1.57%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City School District/CA                                         | SAN MATEO CA FOSTER CITY SCH DIST                            | CUSIP: 799055LR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6584221.20   | 2.08%             | 2032-08-01      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AH91<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2458989.30   | 0.78%             | 2050-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AH83<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $8665076.70   | 2.74%             | 2049-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Yonkers Economic Development Corp                                                | YONKERS NY ECON DEV CORP EDUCTNL REVENUE                     | CUSIP: 98608MAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $593358.49    | 0.19%             | 2049-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Twin Rivers Unified School District                                              | TWIN RIVERS CA UNIF SCH DIST                                 | CUSIP: 90171THC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1791853.00   | 0.57%             | 2047-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE            | CUSIP: 64542QBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $508496.61    | 0.16%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA SCH FIN AUTH SCH FAC REVENUE                      | CUSIP: 13059TFH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1408666.50   | 0.45%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL SENIOR LIVING REVENUE                   | CUSIP: 140542BV2<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    800000 | PA      | $14000.00     | 0.00%             | 2053-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2335000 | PA      | $2301300.81   | 0.73%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                              | CUSIP: 451295ZZ5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.11%             | 2048-03-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Niagara Ny Area Dev Corp Solid Waste Disp Fac Revenue                            | NIAGARA NY AREA DEV CORP SOLID WASTE DISP FAC REVENUE        | CUSIP: 653542AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $886282.70    | 0.28%             | 2042-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                             | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653KC4<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1131633.80   | 0.36%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                                       | MAINE ST FIN AUTH                                            | CUSIP: 56042BCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300566.77   | 0.41%             | 2035-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE     | CUSIP: 130536RK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2549157 | PA      | $25.49        | 0.00%             | 2039-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153AW9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    775000 | PA      | $753921.78    | 0.24%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |  10250000 | PA      | $10759445.50  | 3.40%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XKP6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   7125000 | PA      | $7081310.93   | 2.24%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QSL4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3150000.00   | 1.00%             | 2050-11-15      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| Imperial Community College District                                              | IMPERIAL CA CMNTY CLG DIST                                   | CUSIP: 452641EV1<br>LEI: 549300VO268A8SG7J029 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.32%             | 2040-08-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Waterbury Housing Authority                                                      | WATERBURY CT HSG AUTH MF HSG REVENUE                         | CUSIP: 941260AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3710000 | PA      | $3595718.64   | 1.14%             | 2042-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                      | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130179GJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252618.55    | 0.08%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026694.90   | 0.32%             | 2040-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EGV2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155248.98    | 0.05%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TFN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250098.85    | 0.08%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031WQ2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1882571.06   | 0.60%             | 2057-10-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Vancouver Downtown Redevelopment Authority                                       | VANCOUVER WA DOWNTOWN REDEV AUTH REVENUE                     | CUSIP: 921624BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3770000 | PA      | $3773005.44   | 1.19%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493274.15   | 0.47%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675934T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2544782.00   | 0.80%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528U6Y2<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051206.20   | 0.65%             | 2057-03-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH CHARTER SCH REVENUE              | CUSIP: 13048DCX4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $964054.09    | 0.30%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH      | CUSIP: 5462825J9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1671034.77   | 0.53%             | 2032-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Inglewood Unified School District School Facilities Financing Authority          | INGLEWOOD CA UNIF SCH DIST SCH FACS FING AUTH                | CUSIP: 457113AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $549754.53    | 0.17%             | 2026-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                | IRVINE CA SPL TAX                                            | CUSIP: 46360TBC6<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |    450000 | PA      | $450386.28    | 0.14%             | 2025-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                         | ROMOLAND CA SCH DIST SPL TAX                                 | CUSIP: 776192PG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201921.72    | 0.06%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045J46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $2830168.67   | 0.89%             | 2030-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH CHARTER SCH REVENUE              | CUSIP: 13048DBN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1478529.45   | 0.47%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3362599.06   | 1.06%             | 2053-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EGG5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    835000 | PA      | $501000.00    | 0.16%             | 2029-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UBN7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1421224.32   | 0.45%             | 2029-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RDA4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3959635.60   | 1.25%             | 2058-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                 | CUSIP: 14052WDK0<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1636199.80   | 0.52%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698QV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $710097.83    | 0.22%             | 2048-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winrock Town Center Tax Increment Development District No 1                      | WINROCK TOWN CENTER NM TAX INCR DEV DIST #1                  | CUSIP: 97535RAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1345267.80   | 0.43%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WH23<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    500000 | PA      | $491109.00    | 0.16%             | 2057-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority                                    | SIERRA VISTA AZ INDL DEV AUTH AUTH ED FAC REV                | CUSIP: 82652UAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1268083.80   | 0.40%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEV AUTH HOSP REVENUE              | CUSIP: 13081KAW0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1240023.51   | 0.39%             | 2043-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Niagara Frontier Transportation Authority                                        | NIAGARA NY FRONTIER TRANSPRTN AUTH                           | CUSIP: 653544ED4<br>LEI: 2549006J37UHUDTNJV60 | Long             | DBT              | MUN               | US        |    375000 | PA      | $378597.26    | 0.12%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                             | VIRGINIA BEACH VA DEV AUTH RSDL CARE FAC REVENUE             | CUSIP: 92774NBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3987026.76   | 1.26%             | 2059-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7S7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $5870347.70   | 1.86%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364K4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3858536.40   | 1.22%             | 2038-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH CHRT SCH LEASE REVENUE           | CUSIP: 130486AP8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    760000 | PA      | $760322.16    | 0.24%             | 2029-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EBE9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200008.52    | 0.06%             | 2035-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Yonkers Industrial Development Agency                                            | YONKERS NY INDL DEV AGY SCH FAFAC REV                        | CUSIP: 986094BK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5041040.50   | 1.59%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH                                | CUSIP: 49126KKF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948285.50    | 0.30%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EP Tuscany Zaragosa PFC                                                          | EP TUSCANY ZARAGOSA PFC TX                                   | CUSIP: 29414WAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2999181.82   | 0.95%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032CE9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2230546.50   | 0.71%             | 2054-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                   | CUSIP: 68608EMT6<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9998.78      | 0.00%             | 2027-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                               | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3077000 | PA      | $3076928.92   | 0.97%             | 2032-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD  | CUSIP: 592041YU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1555731.60   | 0.49%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                      | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130179RE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000586.30   | 0.32%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend County Industrial Development Corp                                     | FORT BEND CNTY TX INDL DEV CORP                              | CUSIP: 346786AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1891879.80   | 0.60%             | 2042-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Shelby County Health & Educational Facilities Board                              | SHELBY CNTY TENN HEALTH EDL & HSG FAC BRD STUDENT HSG REVENU | CUSIP: 82170LAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $901120.10    | 0.28%             | 2056-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                             | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653KA8<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071121.80   | 0.34%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend County Texas Public Facility Corp                                      | FORT BEND CNTY TX PUB FAC CORPLEASE REV                      | CUSIP: 34687KAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7100000 | PA      | $7143831.85   | 2.26%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                             | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653KB6<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1097999.93   | 0.35%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FING AUTH REVENUE                 | CUSIP: 13053CAD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1800967.60   | 0.57%             | 2046-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wiseburn School District                                                         | WISEBURN CA SCH DIST                                         | CUSIP: 977266HX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5919707.85   | 1.87%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Albany Capital Resource Corp                                                     | ALBANY NY CAPITAL RESOURCE CORP                              | CUSIP: 012432BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $270224.59    | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX SENIOR LIVING REVENUE | CUSIP: 64542PCL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $250000.00    | 0.08%             | 2046-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5992219.20   | 1.89%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Sweetwater Union High School District Public Financing Authority                 | SWEETWATER CA UN HIGH SCH DIST PUB FING AUTH REVENUE         | CUSIP: 870474AM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003330.20   | 0.63%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | DIRECTOR OF THE ST OF NEVADA DEPT OF BUSINESS & INDUSTRIAL   | CUSIP: 25490LAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $457779.40    | 0.14%             | 2045-12-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH CHARTER SCH REVENUE              | CUSIP: 13048DBF4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55003.07     | 0.02%             | 2025-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912FY7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    725000 | PA      | $649664.16    | 0.21%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 13                                     | VLG FL CDD #13 SPL ASSMNT REVENUE                            | CUSIP: 92708HAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $711428.89    | 0.22%             | 2050-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                 | CUSIP: 60534XKC9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1319678.22   | 0.42%             | 2036-11-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5420434.24   | 1.71%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY SENIOR LIVING REVENUE           | CUSIP: 57563WAC2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2775292.46   | 0.88%             | 2060-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562SH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1268900.38   | 0.40%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Villages at Castle Rock Metropolitan District No 6                               | VLGS AT CASTLE ROCK CO MET DIST #6                           | CUSIP: 92706LAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4566666 | PA      | $1754695.74   | 0.55%             | 2037-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                               | CUSIP: 956622X25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1579952.70   | 0.50%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RTV1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    125000 | PA      | $116627.50    | 0.04%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TVG5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    300000 | PA      | $277960.77    | 0.09%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FINGAUTH EXEMPT FACS REVENUE        | CUSIP: 708686ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3524488.80   | 1.11%             | 2037-12-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation of New York                                                 | ONEIDA INDIAN NATION NY TAX REVENUE                          | CUSIP: 682504AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522552.40    | 0.17%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667CK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2397396.45   | 0.76%             | 2041-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH CHRT SCH LEASE REVENUE           | CUSIP: 130486AK9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    630000 | PA      | $630241.23    | 0.20%             | 2029-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1458662.28   | 0.46%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EBC3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    870000 | PA      | $870357.83    | 0.28%             | 2030-03-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992788.80    | 0.31%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                               | CUSIP: 74447TAC6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    838000 | PA      | $846727.02    | 0.27%             | 2029-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp                                           | DUTCHESS CNTY NY LOCAL DEV CORP REVENUE                      | CUSIP: 267045HU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199108.10    | 0.06%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                      | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 130179GL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $384908.28    | 0.12%             | 2030-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3047275.80   | 0.96%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pueblo Urban Renewal Authority                                                   | PUEBLO CO URBAN RENEWAL AUTH TAX INCR REVENUE                | CUSIP: 744826AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2381328.18   | 0.75%             | 2045-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $761790.75    | 0.24%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Local Economic Assistance Corp                                     | NASSAU CNTY NY LOCAL ECON ASSISTANCE CORP REVENUE            | CUSIP: 63166LCS8<br>LEI: 549300FCI13UFG0Y6Y37 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001063.90   | 0.32%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TKQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300546.66    | 0.10%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL FAC REVENUE                           | CUSIP: 74446DAJ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4612203.60   | 1.46%             | 2054-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TFF8<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941129.70    | 0.30%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Orange County Community College District/CA                                | N ORANGE CNTY CA CMNTY CLG DIST                              | CUSIP: 661334GN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2696073.00   | 0.85%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP REVENUE                     | CUSIP: 424682JQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $436671.61    | 0.14%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                                | GUAM INTERNATIONAL ARPT AUTH                                 | CUSIP: 40064RFF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $539243.30    | 0.17%             | 2040-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TSASC Inc/NY                                                                     | TSASC INC NY                                                 | CUSIP: 898526EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $592903.38    | 0.19%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576HK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $982144.70    | 0.31%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990F6W9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3390000 | PA      | $2835325.49   | 0.90%             | 2054-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE            | CUSIP: 11943KCM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501731.95    | 0.16%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CEH7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4224990.09   | 1.34%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                             | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036WK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1230754.13   | 0.39%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SEU4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501423.20   | 0.47%             | 2029-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                               | CUSIP: 956622T95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1402070.60   | 0.44%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP REVENUE                     | CUSIP: 424682JN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $404494.47    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                               | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308H89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $1329673.31   | 0.42%             | 2052-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EDD5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225307.80    | 0.07%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                  | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE   | CUSIP: 345105GU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1154725.65   | 0.37%             | 2053-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND         | CUSIP: 88285AGC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3127711.65   | 0.99%             | 2059-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1450932.15   | 0.46%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SNM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600609.06    | 0.19%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116DX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $84427.41     | 0.03%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506624.50    | 0.16%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009HG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $916361.43    | 0.29%             | 2028-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008ENJ1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $877912.10    | 0.28%             | 2047-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                         | CUSIP: 92708KAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $623850.22    | 0.20%             | 2055-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DISTRICT OF COLUMBIA STUDENT DORM REVENUE                    | CUSIP: 25483WAK8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    650000 | PA      | $582426.78    | 0.18%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency Homeowner Mortgage Revenue                     | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 649883D28<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2545051.92   | 0.80%             | 2027-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                         | ROMOLAND CA SCH DIST SPL TAX                                 | CUSIP: 776192PF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101292.17    | 0.03%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912FX9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $999577.70    | 0.32%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008ELQ7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2595000 | PA      | $1971971.12   | 0.62%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | BALTIMORE MD SPL OBLIG                                       | CUSIP: 05923TDB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $281157.96    | 0.09%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EGX8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    195000 | PA      | $195281.19    | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE            | CUSIP: 11943KCX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1570553.16   | 0.50%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Niagara Frontier Transportation Authority                                        | NIAGARA NY FRONTIER TRANSPRTN AUTH                           | CUSIP: 653544EE2<br>LEI: 2549006J37UHUDTNJV60 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351913.31    | 0.11%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153FM6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4395504.00   | 1.39%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | BUFFALO & ERIE CNTY NY INDL LAND DEV CORP REVENUE            | CUSIP: 11943KCP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $627159.88    | 0.20%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Salt Lake UT                                                           | SALT LAKE CNTY UT HOSP REVENUE                               | CUSIP: 795677AF0<br>LEI: 5493006VYRFL1AI6GT29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3029841.00   | 0.96%             | 2028-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DZ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1700004.60   | 0.54%             | 2057-07-01      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RHH1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.70%             | 2033-01-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REVENUE             | CUSIP: 67754AAF1<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2113616.50   | 0.67%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                         | ROMOLAND CA SCH DIST SPL TAX                                 | CUSIP: 776192PH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $512745.45    | 0.16%             | 2031-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008QAG4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    750000 | PA      | $736632.98    | 0.23%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                                   | MOBILE CNTY AL INDL DEV AUTH SOL WST DISP REVENUE            | CUSIP: 60733UAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8183045.70   | 2.59%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $825606.71    | 0.26%             | 2029-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051269.00   | 0.65%             | 2040-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                                | MISSISSIPPI ST BUSINESS FIN COMMISSION GULF OPPORTUNITY ZONE | CUSIP: 60528ACD4<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.70%             | 2035-11-01      | Floating      | 2.70%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                 | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $589895.25    | 0.19%             | 2045-07-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH                                | CUSIP: 49126KKD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485010.35    | 0.15%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NEW YORK ST HSG FIN AGY REVENUE                              | CUSIP: 64986UUA3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    430000 | PA      | $430072.41    | 0.14%             | 2027-11-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Sacramento City Financing Authority                                              | SACRAMENTO CA CITY FING AUTH                                 | CUSIP: 785849VB3<br>LEI: 549300D8GE38KYE3NW14 | Long             | DBT              | MUN               | US        |    400000 | PA      | $415330.28    | 0.13%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE         | CUSIP: 649852AQ3<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    500000 | PA      | $465284.25    | 0.15%             | 2044-12-01      | Floating      | 2.88%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EEX2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1601696.15   | 0.51%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1821807.93   | 0.58%             | 2037-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTH REVENUE                        | CUSIP: 68450LJR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3551216.40   | 1.12%             | 2056-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                               | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 7178932X8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7255000 | PA      | $6865366.60   | 2.17%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                             | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036WL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1468407.45   | 0.46%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                    | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                  | CUSIP: 02936TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2810551.80   | 0.89%             | 2029-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI TOLL REVENUE                              | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  18000000 | PA      | $17160534.00  | 5.43%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PD28<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2480238.25   | 0.78%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Elm Ridge Water Control & Improvement District of Denton County                  | DENTON CNTY TX FRESH WTR SPLY DIST #10                       | CUSIP: 24879THF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1398517.50   | 0.44%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SPL2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1340978.40   | 0.42%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048TWJ8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1072109.18   | 0.34%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EDA1<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    270000 | PA      | $270288.14    | 0.09%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041807JW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $877654.50    | 0.28%             | 2059-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1953607.60   | 0.62%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1681475.36   | 0.53%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EXEMPT FACS REVENUE                       | CUSIP: 74443QAE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2975205.00   | 0.94%             | 2030-11-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CDD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3020356.80   | 0.95%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593Y30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $3968911.52   | 1.25%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | BUILD NYC RESOURCE CORP NY REVENUE                           | CUSIP: 12008EGY6<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    220000 | PA      | $220295.55    | 0.07%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | CUSIP: 64542UHF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966494.90    | 0.31%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** Neuberger Berman Municipal Fund Inc.

**Signature:** John McGovern

**Name of Signer:** John McGovern

**Title:** Treasurer