# EDGAR Filing Document

**Accession Number:** 0000878092
**File Stem:** 0001752724-25-182204
**Filing Date:** 2025-7
**Character Count:** 126187
**Document Hash:** 186ec37e419bf712f434b516b5250f1d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182204.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-182204

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY MELLON MUNICIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000878092

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06377
- **FILM NUMBER:** 251159990

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10166
- **BUSINESS PHONE:** 2129226400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10166

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS MUNICIPAL FUNDS, INC.
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS MUNICIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS MUNICIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20030401

## Series and Classes Contracts Data

### BNY Mellon High Yield Municipal Bond Fund (Series ID: S000002850)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000007813 | Class Z        | DHMBX           |
| C000046743 | Class A        | DHYAX           |
| C000046744 | Class C        | DHYCX           |
| C000073399 | Class I Shares | DYBIX           |
| C000130453 | Class Y        | DHYYX           |

## Nport-Ex

BNY Mellon High Yield Municipal Bond Fund

STATEMENT OF INVESTMENTS

May 31, 2025 (Unaudited)

&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>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<br>| Value ($) |
| **Bonds and Notes — 1.2%** | **Bonds and Notes — 1.2%** | **Bonds and Notes — 1.2%** | **Bonds and Notes — 1.2%** | **Bonds and Notes — 1.2%** |
| **Collateralized Municipal-Backed Securities — 1.2%** | **Collateralized Municipal-Backed Securities — 1.2%** | **Collateralized Municipal-Backed Securities — 1.2%** | **Collateralized Municipal-Backed Securities — 1.2%** | **Collateralized Municipal-Backed Securities — 1.2%** |
| Arizona Industrial Development Authority, Revenue Bonds, Ser. 2019-2 | 3.63 | 5/20/2033 | 794115 | 751354 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance Commission, Revenue Bonds (Sustainable <br> Certificates) Ser. A<br>| 3.50 | 12/20/2035 | 1878245 | 1743943 |
| &nbsp;&nbsp;&nbsp; **Total Bonds and Notes** <br>(cost $2,960,551)<br>|  |  |  | **2495297** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Long-Term Municipal Investments — 105.4%** | **Long-Term Municipal Investments — 105.4%** | **Long-Term Municipal Investments — 105.4%** | **Long-Term Municipal Investments — 105.4%** | **Long-Term Municipal Investments — 105.4%** |
| **Alabama — 2.4%** | **Alabama — 2.4%** | **Alabama — 2.4%** | **Alabama — 2.4%** | **Alabama — 2.4%** |
| Black Belt Energy Gas District, Revenue Bonds, Ser. D<sup>(a)</sup> <br>| 5.00 | 11/1/2034 | 1000000 | 1048679 |
| Jefferson County, Revenue Bonds, Refunding | 5.50 | 10/1/2053 | 1250000 | 1281422 |
| &nbsp;&nbsp;&nbsp; Mobile County Industrial Development Authority, Revenue Bonds (Calvert LLC <br> Project) Ser. B<br>| 4.75 | 12/1/2054 | 550000 | 496961 |
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District, Revenue Bonds (Project No. 2) <br> Ser. B<sup>(a)</sup> <br>| 4.00 | 12/1/2031 | 1000000 | 978390 |
| Southeast Energy Authority A Cooperative District, Revenue Bonds, Ser. B<sup>(a)</sup> <br>| 5.25 | 6/1/2032 | 1000000 | 1058752 |
|  |  |  |  | **4864204** |
| **Alaska — 1.0%** | **Alaska — 1.0%** | **Alaska — 1.0%** | **Alaska — 1.0%** | **Alaska — 1.0%** |
| Northern Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A | 4.00 | 6/1/2050 | 2500000 | **2082960** |
| **Arizona — 8.5%** | **Arizona — 8.5%** | **Arizona — 8.5%** | **Arizona — 8.5%** | **Arizona — 8.5%** |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Academics of Math & <br> Science Project)<sup>(b)</sup> <br>| 5.00 | 7/1/2054 | 1000000 | 894202 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Cadence Campus <br> Project) Ser. A<sup>(b)</sup> <br>| 4.00 | 7/15/2050 | 1600000 | 1268891 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Doral Academy of <br> Nevada) Ser. A<br>| 5.00 | 7/15/2049 | 1675000 | 1481210 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Legacy Cares Project) <br> Ser. A<sup>(b),(c)</sup> <br>| 6.00 | 7/1/2051 | 1000000 | 30000 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Legacy Cares Project) <br> Ser. A<sup>(b),(c)</sup> <br>| 7.75 | 7/1/2050 | 2725000 | 81750 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial Development Authority, Revenue Bonds (Sustainable Bond) <br> (Equitable Schools) Ser. A<br>| 5.25 | 11/1/2053 | 1000000 | 995508 |
| &nbsp;&nbsp;&nbsp; Glendale Industrial Development Authority, Revenue Bonds, Refunding (Sun <br> Health Services Obligated Group) Ser. A<br>| 5.00 | 11/15/2054 | 1500000 | 1368396 |
| &nbsp;&nbsp;&nbsp; La Paz County Industrial Development Authority, Revenue Bonds (Harmony <br> Public Schools) Ser. A<sup>(b)</sup> <br>| 5.00 | 2/15/2036 | 1000000 | 1000180 |
| &nbsp;&nbsp;&nbsp; La Paz County Industrial Development Authority, Revenue Bonds (Harmony <br> Public Schools) Ser. A<br>| 5.00 | 2/15/2048 | 1600000 | 1450459 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, Revenue Bonds (Benjamin <br> Franklin Charter School Obligated Group)<sup>(b)</sup> <br>| 6.00 | 7/1/2038 | 2250000 | 2305458 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, Revenue Bonds, Refunding <br> (Legacy Traditional Schools Project)<sup>(b)</sup> <br>| 5.00 | 7/1/2049 | 700000 | 649580 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, Revenue Bonds, Refunding <br> (Legacy Traditional Schools Project)<sup>(b)</sup> <br>| 5.00 | 7/1/2054 | 1000000 | 907387 |
| &nbsp;&nbsp;&nbsp; Sierra Vista Industrial Development Authority, Revenue Bonds (American <br> Leadership Academy Project)<sup>(b)</sup> <br>| 5.00 | 6/15/2054 | 1000000 | 908723 |

---

**3**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** |
| **Arizona — 8.5% (continued)** | **Arizona — 8.5% (continued)** | **Arizona — 8.5% (continued)** | **Arizona — 8.5% (continued)** | **Arizona — 8.5% (continued)** |
| &nbsp;&nbsp;&nbsp; Tempe Industrial Development Authority, Revenue Bonds, Refunding (Friendship <br> Village of Tempe) Ser. A<br>| 4.00 | 12/1/2046 | 2000000 | 1651229 |
| &nbsp;&nbsp;&nbsp; The Phoenix Arizona Industrial Development Authority, Revenue Bonds, <br> Refunding (BASIS Schools Projects) Ser. A<sup>(b)</sup> <br>| 5.00 | 7/1/2046 | 2250000 | 2123081 |
|  |  |  |  | **17116054** |
| **Arkansas — 1.3%** | **Arkansas — 1.3%** | **Arkansas — 1.3%** | **Arkansas — 1.3%** | **Arkansas — 1.3%** |
| &nbsp;&nbsp;&nbsp; Arkansas Development Finance Authority, Revenue Bonds (Sustainable Bond) <br> (U.S. Steel Corp.)<br>| 5.70 | 5/1/2053 | 2650000 | **2680376** |
| **California — 6.8%** | **California — 6.8%** | **California — 6.8%** | **California — 6.8%** | **California — 6.8%** |
| &nbsp;&nbsp;&nbsp; California County Tobacco Securitization Agency, Revenue Bonds, Refunding (Los <br> Angeles County Securitization Corp.) Ser. A<br>| 4.00 | 6/1/2049 | 1805000 | 1534170 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority, Revenue Bonds, Refunding (William <br> Jessup University)<sup>(b)</sup> <br>| 5.00 | 8/1/2039 | 140000 | 116372 |
| &nbsp;&nbsp;&nbsp; California Statewide Communities Development Authority, Revenue Bonds <br> (California Baptist University) Ser. A<sup>(b)</sup> <br>| 6.38 | 11/1/2043 | 2000000 | 2003022 |
| &nbsp;&nbsp;&nbsp; California Statewide Communities Development Authority, Revenue Bonds (Loma <br> Linda University Medical Center Obligated Group) Ser. A<sup>(b)</sup> <br>| 5.25 | 12/1/2056 | 1000000 | 971013 |
| Golden State Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. B2<sup>(d)</sup> <br>| 0.00 | 6/1/2066 | 23000000 | 2477139 |
| Los Angeles Department of Water & Power, Revenue Bonds, Refunding, Ser. E | 5.00 | 7/1/2034 | 1050000 | 1145202 |
| Orange County Community Facilities District, Special Tax Bonds, Ser. A | 5.00 | 8/15/2052 | 1500000 | 1507215 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2022-XF3024), (San Francisco City & <br> County, Revenue Bonds, Refunding, Ser. A) Recourse, Underlying Coupon Rate <br> 5.00%<sup>(b),(e),(f)</sup> <br>| 9.89 | 5/1/2044 | 4000000 | 3985175 |
|  |  |  |  | **13739308** |
| **Colorado — 5.5%** | **Colorado — 5.5%** | **Colorado — 5.5%** | **Colorado — 5.5%** | **Colorado — 5.5%** |
| &nbsp;&nbsp;&nbsp; Canyons Metropolitan District No. 5, GO, Refunding (Insured; Build America <br> Mutual) Ser. A<br>| 5.00 | 12/1/2038 | 350000 | 368581 |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities Authority, Revenue Bonds (Covenant Retirement <br> Communities & Services Obligated Group)<br>| 5.00 | 12/1/2048 | 1500000 | 1457372 |
| Denver International Business Center Metropolitan District No.1, GO | 6.00 | 12/1/2048 | 1000000 | 1002872 |
| Dominion Water & Sanitation District, Revenue Bonds, Refunding | 5.88 | 12/1/2052 | 2750000 | 2754466 |
| Hess Ranch Metropolitan District No. 6, GO, Ser. A1 | 5.00 | 12/1/2049 | 1500000 | 1321379 |
| Rampart Range Metropolitan District No. 5, Revenue Bonds | 4.00 | 12/1/2051 | 2000000 | 1567215 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2020-XM0829), (Colorado Health <br> Facilities Authority, Revenue Bonds, Refunding (CommonSpirit Health <br> Obligated Group) Ser. A1) Recourse, Underlying Coupon Rate 4.00%<sup>(b),(e),(f)</sup> <br>| 8.89 | 8/1/2044 | 2200000 | 2308403 |
| &nbsp;&nbsp;&nbsp; Vauxmont Metropolitan District, GO, Refunding (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 3.25 | 12/15/2050 | 515000 | 383627 |
|  |  |  |  | **11163915** |
| **Connecticut — 1.5%** | **Connecticut — 1.5%** | **Connecticut — 1.5%** | **Connecticut — 1.5%** | **Connecticut — 1.5%** |
| &nbsp;&nbsp;&nbsp; Harbor Point Infrastructure Improvement District, Tax Allocation Bonds, <br> Refunding (Harbor Point Project)<sup>(b)</sup> <br>| 5.00 | 4/1/2039 | 1500000 | 1502948 |
| &nbsp;&nbsp;&nbsp; Stamford Housing Authority, Revenue Bonds (Mozaic Concierge Living Project) <br> Ser. A<br>| 6.38 | 10/1/2045 | 1450000 | 1451023 |
|  |  |  |  | **2953971** |
| **District of Columbia — 3.1%** | **District of Columbia — 3.1%** | **District of Columbia — 3.1%** | **District of Columbia — 3.1%** | **District of Columbia — 3.1%** |
| District of Columbia, Revenue Bonds (Ingleside Rock Creek Project) Ser. A | 5.00 | 7/1/2052 | 2000000 | 1733880 |
| &nbsp;&nbsp;&nbsp; District of Columbia, Revenue Bonds, Refunding (The Catholic University Of <br> America) Ser. A<br>| 5.75 | 10/1/2055 | 1000000 | 1023849 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority, Revenue Bonds, Refunding <br> (Dulles Metrorail) Ser. B<br>| 4.00 | 10/1/2049 | 4090000 | 3479239 |
|  |  |  |  | **6236968** |

---

**4**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** |
| **Florida — 3.5%** | **Florida — 3.5%** | **Florida — 3.5%** | **Florida — 3.5%** | **Florida — 3.5%** |
| Greater Orlando Aviation Authority, Revenue Bonds, Ser. A | 4.00 | 10/1/2049 | 2280000 | 1948053 |
| &nbsp;&nbsp;&nbsp; Palm Beach County Health Facilities Authority, Revenue Bonds (Lifespace <br> Communities) Ser. B<br>| 4.00 | 5/15/2053 | 1400000 | 1096953 |
| &nbsp;&nbsp;&nbsp; Pinellas County Industrial Development Authority, Revenue Bonds (Foundation <br> for Global Understanding)<br>| 5.00 | 7/1/2039 | 1000000 | 968253 |
| &nbsp;&nbsp;&nbsp; Seminole County Industrial Development Authority, Revenue Bonds, Refunding <br> (Legacy Pointe at UCF Project)<br>| 5.75 | 11/15/2054 | 2000000 | 1869260 |
| &nbsp;&nbsp;&nbsp; St. Johns County Industrial Development Authority, Revenue Bonds, Refunding <br> (Vicar's Landing Project)<br>| 4.00 | 12/15/2041 | 500000 | 408723 |
| &nbsp;&nbsp;&nbsp; St. Johns County Industrial Development Authority, Revenue Bonds, Refunding <br> (Vicar's Landing Project)<br>| 4.00 | 12/15/2046 | 1000000 | 758991 |
|  |  |  |  | **7050233** |
| **Georgia — 3.5%** | **Georgia — 3.5%** | **Georgia — 3.5%** | **Georgia — 3.5%** | **Georgia — 3.5%** |
| &nbsp;&nbsp;&nbsp; Georgia Municipal Electric Authority, Revenue Bonds (Plant Vogtle Units <br> 3&4 Project) Ser. A<br>| 5.00 | 7/1/2052 | 1225000 | 1223384 |
| Main Street Natural Gas, Revenue Bonds, Ser. D<sup>(a)</sup> <br>| 5.00 | 4/1/2031 | 1000000 | 1046614 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2020-XM0825), (Brookhaven <br> Development Authority, Revenue Bonds (Children's Healthcare of Atlanta) Ser. <br> A) Recourse, Underlying Coupon Rate 4.00%<sup>(b),(e),(f)</sup> <br>| 7.52 | 7/1/2044 | 3180000 | 3038232 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2023-XF3183), (Municipal Electric <br> Authority of Georgia, Revenue Bonds (Plant Vogtle Units 3&4 Project) Ser. A) <br> Recourse, Underlying Coupon Rate 5.00%<sup>(b),(e),(f)</sup> <br>| 9.52 | 1/1/2059 | 1850000 | 1795859 |
|  |  |  |  | **7104089** |
| **Illinois — 7.3%** | **Illinois — 7.3%** | **Illinois — 7.3%** | **Illinois — 7.3%** | **Illinois — 7.3%** |
| Chicago, GO, Ser. A | 5.00 | 1/1/2045 | 1000000 | 949413 |
| Chicago, GO, Refunding, Ser. A | 6.00 | 1/1/2038 | 700000 | 712547 |
| Chicago Board of Education, GO, Ser. A | 5.00 | 12/1/2047 | 1500000 | 1389499 |
| Chicago Board of Education, GO, Ser. D | 5.00 | 12/1/2046 | 1000000 | 910616 |
| Chicago Board of Education, GO, Ser. H | 5.00 | 12/1/2036 | 2000000 | 1942526 |
| Chicago Board of Education, GO, Refunding, Ser. A | 5.00 | 12/1/2033 | 1000000 | 1002904 |
| Chicago Board of Education, GO, Refunding, Ser. B | 5.00 | 12/1/2033 | 500000 | 503226 |
| Illinois, Revenue Bonds, Ser. C | 5.00 | 6/15/2045 | 1500000 | 1512144 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, Revenue Bonds, Refunding (Rosalind Franklin <br> University of Medicine & Science)<br>| 5.00 | 8/1/2036 | 1075000 | 1086035 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick <br> Place Expansion Project)<br>| 5.00 | 6/15/2050 | 1000000 | 970809 |
| &nbsp;&nbsp;&nbsp; Northern Illinois University, Revenue Bonds, Refunding (Insured; Build America <br> Mutual)<br>| 4.00 | 10/1/2043 | 1000000 | 890484 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2023-XF1623), (Regional <br> Transportation Authority Illinois, Revenue Bonds, Ser. B) Non-Recourse, <br> Underlying Coupon Rate 4.00%<sup>(b),(e),(f)</sup> <br>| 4.86 | 6/1/2048 | 1625000 | 1388281 |
| &nbsp;&nbsp;&nbsp; The Illinois Sports Facilities Authority, Revenue Bonds, Refunding (Insured; Build <br> America Mutual)<br>| 5.00 | 6/15/2030 | 1500000 | 1574143 |
|  |  |  |  | **14832627** |
| **Indiana — .3%** | **Indiana — .3%** | **Indiana — .3%** | **Indiana — .3%** | **Indiana — .3%** |
| Indiana Finance Authority, Revenue Bonds (Sustainable Bond)<sup>(b),(c)</sup> <br>| 7.00 | 3/1/2039 | 3325000 | **512206** |
| **Iowa — .6%** | **Iowa — .6%** | **Iowa — .6%** | **Iowa — .6%** | **Iowa — .6%** |
| &nbsp;&nbsp;&nbsp; Iowa Finance Authority, Revenue Bonds, Refunding (Lifespace Communities <br> Obligated Group) Ser. A<br>| 4.00 | 5/15/2046 | 1500000 | **1245390** |
| **Louisiana — .8%** | **Louisiana — .8%** | **Louisiana — .8%** | **Louisiana — .8%** | **Louisiana — .8%** |
| &nbsp;&nbsp;&nbsp; Louisiana Public Facilities Authority, Revenue Bonds (I-10 Calcasieu River Bridge <br> Public-Private Partnership Project)<br>| 5.75 | 9/1/2064 | 1480000 | **1527682** |

---

**5**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** |
| **Maryland — 1.2%** | **Maryland — 1.2%** | **Maryland — 1.2%** | **Maryland — 1.2%** | **Maryland — 1.2%** |
| &nbsp;&nbsp;&nbsp; Maryland Economic Development Corp., Revenue Bonds (Sustainable Bond) <br> (Purple Line Transit Partners) Ser. B<br>| 5.25 | 6/30/2055 | 2375000 | **2324482** |
| **Massachusetts — .8%** | **Massachusetts — .8%** | **Massachusetts — .8%** | **Massachusetts — .8%** | **Massachusetts — .8%** |
| Lowell Collegiate Charter School, Revenue Bonds | 5.00 | 6/15/2049 | 1750000 | **1643736** |
| **Michigan — 2.9%** | **Michigan — 2.9%** | **Michigan — 2.9%** | **Michigan — 2.9%** | **Michigan — 2.9%** |
| Detroit, GO, Ser. C | 6.00 | 5/1/2043 | 500000 | 540223 |
| &nbsp;&nbsp;&nbsp; Detroit Downtown Development Authority, Tax Allocation Bonds, Refunding <br> (Catalyst Development Project)<br>| 5.00 | 7/1/2048 | 2500000 | 2519666 |
| Detroit Regional Convention Facility Authority, Revenue Bonds, Refunding, Ser. C | 5.00 | 10/1/2039 | 1100000 | 1143957 |
| &nbsp;&nbsp;&nbsp; Michigan Tobacco Settlement Finance Authority, Revenue Bonds, Refunding, Ser. <br> C<sup>(d)</sup> <br>| 0.00 | 6/1/2058 | 56880000 | 1659713 |
|  |  |  |  | **5863559** |
| **Minnesota — .4%** | **Minnesota — .4%** | **Minnesota — .4%** | **Minnesota — .4%** | **Minnesota — .4%** |
| Woodbury, Revenue Bonds, Refunding (Math & Science Academy)<sup>(b)</sup> <br>| 5.50 | 6/1/2063 | 1000000 | **909840** |
| **Missouri — 2.4%** | **Missouri — 2.4%** | **Missouri — 2.4%** | **Missouri — 2.4%** | **Missouri — 2.4%** |
| &nbsp;&nbsp;&nbsp; Missouri Health & Educational Facilities Authority, Revenue Bonds (Lutheran <br> Senior Services Projects) Ser. A<br>| 5.00 | 2/1/2036 | 1000000 | 1000936 |
| &nbsp;&nbsp;&nbsp; Missouri Health & Educational Facilities Authority, Revenue Bonds (Lutheran <br> Senior Services Projects) Ser. A<br>| 5.00 | 2/1/2042 | 1000000 | 992580 |
| &nbsp;&nbsp;&nbsp; The St. Louis Missouri Industrial Development Authority, Revenue Bonds, <br> Refunding (Ballpark Village Development Project) Ser. A<br>| 4.75 | 11/15/2047 | 2500000 | 2119933 |
| &nbsp;&nbsp;&nbsp; The St. Louis Missouri Industrial Development Authority, Tax Allocation Bonds (St. <br> Louis Innovation District Project)<br>| 4.38 | 5/15/2036 | 845000 | 794770 |
|  |  |  |  | **4908219** |
| **Nevada — 1.3%** | **Nevada — 1.3%** | **Nevada — 1.3%** | **Nevada — 1.3%** | **Nevada — 1.3%** |
| &nbsp;&nbsp;&nbsp; North Las Vegas, Special Assessment Bonds (Valley Vista Special Improvement <br> District)<br>| 4.63 | 6/1/2043 | 455000 | 413083 |
| &nbsp;&nbsp;&nbsp; North Las Vegas, Special Assessment Bonds (Valley Vista Special Improvement <br> District)<br>| 4.63 | 6/1/2049 | 925000 | 813913 |
| Reno, Revenue Bonds, Refunding, Ser. D<sup>(b),(d)</sup> <br>| 0.00 | 7/1/2058 | 13000000 | 1487702 |
|  |  |  |  | **2714698** |
| **New Hampshire — .4%** | **New Hampshire — .4%** | **New Hampshire — .4%** | **New Hampshire — .4%** | **New Hampshire — .4%** |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, Revenue Bonds, Refunding <br> (Springpoint Senior Living Obligated Group)<br>| 4.00 | 1/1/2041 | 1000000 | **851873** |
| **New Jersey — 1.8%** | **New Jersey — 1.8%** | **New Jersey — 1.8%** | **New Jersey — 1.8%** | **New Jersey — 1.8%** |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, Revenue Bonds (Repauno Port & <br> Rail Terminal Project)<sup>(b)</sup> <br>| 6.63 | 1/1/2045 | 625000 | 633885 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, Revenue Bonds (Beloved <br> Community Charter School Project) Ser. A<sup>(b)</sup> <br>| 5.00 | 6/15/2039 | 825000 | 812914 |
| Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A | 5.25 | 6/1/2046 | 350000 | 351442 |
| Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. B | 5.00 | 6/1/2046 | 1845000 | 1771253 |
|  |  |  |  | **3569494** |
| **New York — 8.0%** | **New York — 8.0%** | **New York — 8.0%** | **New York — 8.0%** | **New York — 8.0%** |
| &nbsp;&nbsp;&nbsp; New York Convention Center Development Corp., Revenue Bonds (Hotel Unit Fee) <br> Ser. B<sup>(d)</sup> <br>| 0.00 | 11/15/2042 | 10815000 | 4301889 |
| New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | 4.38 | 10/1/2045 | 2000000 | 1773607 |
| New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | 5.00 | 1/1/2032 | 1000000 | 1009925 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Revenue Bonds (LaGuardia Airport <br> Terminal B Redevelopment Project) Ser. A<br>| 5.00 | 7/1/2046 | 2000000 | 1946564 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Revenue Bonds (Sustainable Bond) <br> (JFK International Airport Terminal One Project) (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 5.13 | 6/30/2060 | 1000000 | 990561 |

---

**6**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** |
| **New York — 8.0% (continued)** | **New York — 8.0% (continued)** | **New York — 8.0% (continued)** | **New York — 8.0% (continued)** | **New York — 8.0% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2022-XM1004), (Metropolitan <br> Transportation Authority, Revenue Bonds, Refunding (Sustainable Bond) <br> (Insured; Assured Guaranty Municipal Corp.) Ser. C) Non-Recourse, Underlying <br> Coupon Rate 4.00%<sup>(b),(e),(f)</sup> <br>| 4.37 | 11/15/2047 | 3000000 | 2558885 |
| Triborough Bridge & Tunnel Authority, Revenue Bonds, Ser. A1 | 4.13 | 5/15/2064 | 2500000 | 2062902 |
| &nbsp;&nbsp;&nbsp; Westchester County Local Development Corp., Revenue Bonds, Refunding <br> (Purchase Senior Learning Community Obligated Group)<sup>(b)</sup> <br>| 5.00 | 7/1/2046 | 1700000 | 1550499 |
|  |  |  |  | **16194832** |
| **North Carolina — 1.9%** | **North Carolina — 1.9%** | **North Carolina — 1.9%** | **North Carolina — 1.9%** | **North Carolina — 1.9%** |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission, Revenue Bonds, Refunding (Lutheran <br> Services for the Aging Obligated Group)<br>| 4.00 | 3/1/2051 | 4000000 | 3088763 |
| &nbsp;&nbsp;&nbsp; North Carolina Turnpike Authority, Revenue Bonds (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 4.00 | 1/1/2055 | 1000000 | 848640 |
|  |  |  |  | **3937403** |
| **Ohio — 3.7%** | **Ohio — 3.7%** | **Ohio — 3.7%** | **Ohio — 3.7%** | **Ohio — 3.7%** |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. <br> B2<br>| 5.00 | 6/1/2055 | 3850000 | 3336366 |
| &nbsp;&nbsp;&nbsp; Centerville, Revenue Bonds, Refunding (Graceworks Lutheran Services Obligated <br> Group)<br>| 5.25 | 11/1/2047 | 1200000 | 1060636 |
| Cuyahoga County, Revenue Bonds, Refunding (The MetroHealth System) | 5.00 | 2/15/2052 | 1000000 | 917463 |
| &nbsp;&nbsp;&nbsp; Franklin County Convention Facilities Authority, Revenue Bonds (GRTR Columbus <br> Convention Center)<br>| 5.00 | 12/1/2044 | 1250000 | 1169067 |
| &nbsp;&nbsp;&nbsp; Port of Greater Cincinnati Development Authority, Revenue Bonds, Refunding <br> (Duke Energy Co.) (Insured; Assured Guaranty Municipal Corp.) Ser. B<br>| 4.38 | 12/1/2058 | 1000000 | 896904 |
|  |  |  |  | **7380436** |
| **Oklahoma — 1.2%** | **Oklahoma — 1.2%** | **Oklahoma — 1.2%** | **Oklahoma — 1.2%** | **Oklahoma — 1.2%** |
| &nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority, Revenue Bonds (OU Medicine Project) <br> Ser. B<br>| 5.50 | 8/15/2057 | 1500000 | 1465919 |
| Tulsa County Industrial Authority, Revenue Bonds, Refunding (Montereau Project) | 5.25 | 11/15/2037 | 1000000 | 1003497 |
|  |  |  |  | **2469416** |
| **Oregon — 1.1%** | **Oregon — 1.1%** | **Oregon — 1.1%** | **Oregon — 1.1%** | **Oregon — 1.1%** |
| &nbsp;&nbsp;&nbsp; Clackamas County Hospital Facility Authority, Revenue Bonds, Refunding <br> (Willamette View Obligated Group) Ser. A<br>| 5.00 | 11/15/2047 | 1500000 | 1375391 |
| &nbsp;&nbsp;&nbsp; Salem Hospital Facility Authority, Revenue Bonds, Refunding (Capital Manor <br> Project)<br>| 4.00 | 5/15/2047 | 1000000 | 801962 |
|  |  |  |  | **2177353** |
| **Pennsylvania — 3.9%** | **Pennsylvania — 3.9%** | **Pennsylvania — 3.9%** | **Pennsylvania — 3.9%** | **Pennsylvania — 3.9%** |
| &nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development Authority, Revenue <br> Bonds (City Center Project)<sup>(b)</sup> <br>| 5.00 | 5/1/2042 | 1500000 | 1446249 |
| &nbsp;&nbsp;&nbsp; Chester County Industrial Development Authority, Special Assessment Bonds <br> (Woodlands at Graystone Project)<sup>(b)</sup> <br>| 5.13 | 3/1/2048 | 741000 | 671677 |
| &nbsp;&nbsp;&nbsp; Lancaster County Hospital Authority, Revenue Bonds, Refunding (Brethren Village <br> Project)<br>| 5.25 | 7/1/2041 | 1000000 | 951852 |
| &nbsp;&nbsp;&nbsp; Lancaster Industrial Development Authority, Revenue Bonds, Refunding (Landis <br> Homes Obligated Group)<br>| 4.00 | 7/1/2051 | 1500000 | 1164845 |
| &nbsp;&nbsp;&nbsp; Luzerne County Industrial Development Authority, Revenue Bonds, Refunding <br> (Pennsylvania-American Water Co.)<sup>(a)</sup> <br>| 2.45 | 12/3/2029 | 2270000 | 2007647 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing Authority, Revenue Bonds <br> (Sustainable Bond) (Covanta Project)<sup>(b)</sup> <br>| 3.25 | 8/1/2039 | 850000 | 673309 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding <br> (University of Sciences in Philadephia)<br>| 5.00 | 11/1/2033 | 1000000 | 1001275 |
|  |  |  |  | **7916854** |

---

**7**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** |
| **Rhode Island — .6%** | **Rhode Island — .6%** | **Rhode Island — .6%** | **Rhode Island — .6%** | **Rhode Island — .6%** |
| Rhode Island Student Loan Authority, Revenue Bonds, Ser. A | 5.00 | 12/1/2030 | 1175000 | **1222464** |
| **South Dakota — 1.2%** | **South Dakota — 1.2%** | **South Dakota — 1.2%** | **South Dakota — 1.2%** | **South Dakota — 1.2%** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2022-XF1409), (South Dakota Health <br> & Educational Facilities Authority, Revenue Bonds, Refunding (Avera Health <br> Obligated Group)) Non-Recourse, Underlying Coupon Rate 5.00%<sup>(b),(e),(f)</sup> <br>| 9.91 | 7/1/2046 | 2400000 | **2369950** |
| **Texas — 9.3%** | **Texas — 9.3%** | **Texas — 9.3%** | **Texas — 9.3%** | **Texas — 9.3%** |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp., Revenue Bonds (BASIS Texas Charter <br> Schools)<sup>(b)</sup> <br>| 4.88 | 6/15/2059 | 1220000 | 1083874 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp., Revenue Bonds (Riverwalk Education <br> Foundation, Inc.) (Insured; Permanent School Fund Guaranteed)<br>| 4.50 | 8/15/2060 | 1000000 | 932614 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education Finance Corp., Revenue Bonds, Refunding (Uplift <br> Education) Ser. A<br>| 5.00 | 12/1/2046 | 1100000 | 1023289 |
| Brazos Higher Education Authority, Revenue Bonds, Ser. 1A | 5.00 | 4/1/2027 | 1210000 | 1236414 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education Finance Corp., Revenue Bonds (International Leadership <br> of Texas) Ser. A<br>| 5.75 | 8/15/2045 | 1500000 | 1498739 |
| &nbsp;&nbsp;&nbsp; Fort Bend County, Revenue Bonds, Refunding (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 4.25 | 3/1/2049 | 1250000 | 1113533 |
| Houston Airport System, Revenue Bonds (United Airlines) Ser. B | 5.50 | 7/15/2038 | 1000000 | 1028810 |
| &nbsp;&nbsp;&nbsp; Houston Airport System, Revenue Bonds, Refunding (Insured; Assured Guaranty <br> Municipal Corp.) Ser. B<br>| 4.25 | 7/1/2053 | 1300000 | 1166251 |
| Houston Airport System, Revenue Bonds, Refunding (United Airlines) Ser. A | 6.50 | 7/15/2030 | 1500000 | 1503791 |
| &nbsp;&nbsp;&nbsp; Mission Economic Development Corp., Revenue Bonds, Refunding (Natgasoline <br> Project)<sup>(b)</sup> <br>| 4.63 | 10/1/2031 | 1250000 | 1248634 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp., Revenue Bonds, Refunding <br> (Westminster Manor Project)<br>| 4.00 | 11/1/2049 | 1250000 | 1032488 |
| &nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, Revenue Bonds (Jefferson Gulf Coast <br> Energy)<sup>(b)</sup> <br>| 3.00 | 1/1/2050 | 1750000 | 1129292 |
| &nbsp;&nbsp;&nbsp; San Antonio Education Facilities Corp., Revenue Bonds, Refunding (University of <br> the Incarnate Word)<br>| 4.00 | 4/1/2051 | 1750000 | 1318268 |
| &nbsp;&nbsp;&nbsp; Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (NTE <br> Mobility Partners LLC North Tarrant Express Project)<br>| 5.50 | 12/31/2058 | 2000000 | 2050278 |
| &nbsp;&nbsp;&nbsp; Waxahachie Independent School District, GO (Insured; Permanent School Fund <br> Guarantee Program)<br>| 4.25 | 2/15/2053 | 1500000 | 1362048 |
|  |  |  |  | **18728323** |
| **U.S. Related — 2.5%** | **U.S. Related — 2.5%** | **U.S. Related — 2.5%** | **U.S. Related — 2.5%** | **U.S. Related — 2.5%** |
| Puerto Rico, GO, Ser. A<sup>(d)</sup> <br>| 0.00 | 7/1/2033 | 373154 | 252929 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2033 | 289963 | 278978 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2035 | 260638 | 246212 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2037 | 223696 | 206761 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2041 | 304141 | 260775 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2046 | 316303 | 260155 |
| Puerto Rico, GO, Ser. A1 | 5.63 | 7/1/2027 | 320013 | 328501 |
| Puerto Rico, GO, Ser. A1 | 5.75 | 7/1/2031 | 305783 | 327383 |
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1<sup>(d)</sup> <br>| 0.00 | 7/1/2033 | 4031000 | 2857089 |
|  |  |  |  | **5018783** |
| **Virginia — 2.8%** | **Virginia — 2.8%** | **Virginia — 2.8%** | **Virginia — 2.8%** | **Virginia — 2.8%** |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority, Revenue Bonds (Sustainable Bond) <br> (Marymount University Project)<sup>(b)</sup> <br>| 5.00 | 7/1/2045 | 500000 | 383670 |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority, Revenue Bonds, Refunding (Marymount <br> University Project) Ser. A<sup>(b)</sup> <br>| 5.00 | 7/1/2045 | 1000000 | 767339 |

---

**8**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** | **Long-Term Municipal Investments — 105.4% (continued)** |
| **Virginia — 2.8% (continued)** | **Virginia — 2.8% (continued)** | **Virginia — 2.8% (continued)** | **Virginia — 2.8% (continued)** | **Virginia — 2.8% (continued)** |
| &nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority, Revenue Bonds (Sustainable Bond) <br> (Covanta Project)<sup>(a),(b)</sup> <br>| 5.00 | 7/1/2038 | 750000 | 721341 |
| &nbsp;&nbsp;&nbsp; Virginia Small Business Financing Authority, Revenue Bonds, Refunding <br> (95 Express Lanes)<br>| 4.00 | 1/1/2048 | 4500000 | 3718740 |
|  |  |  |  | **5591090** |
| **Washington — 4.5%** | **Washington — 4.5%** | **Washington — 4.5%** | **Washington — 4.5%** | **Washington — 4.5%** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust Receipts (Series 2024-XF1730), (Port of Seattle <br> Washington, Revenue Bonds, Refunding (Intermediate Lien) Ser. 2024A) Non-<br> Recourse, Underlying Coupon Rate 5.25%<sup>(b),(e),(f)</sup> <br>| 10.61 | 7/1/2049 | 3500000 | 3528731 |
| &nbsp;&nbsp;&nbsp; Washington Convention Center Public Facilities District, Revenue Bonds <br> (Sustainable Bond) Ser. B<br>| 4.00 | 7/1/2058 | 4000000 | 3019825 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance Commission, Revenue Bonds, Refunding <br> (Presbyterian Retirement Communities Northwest Obligated Group) Ser. A<sup>(b)</sup> <br>| 5.00 | 1/1/2046 | 1680000 | 1499788 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance Commission, Revenue Bonds, Refunding <br> (Presbyterian Retirement Communities Northwest Obligated Group) Ser. A<sup>(b)</sup> <br>| 5.00 | 1/1/2051 | 1120000 | 974295 |
|  |  |  |  | **9022639** |
| **West Virginia — .5%** | **West Virginia — .5%** | **West Virginia — .5%** | **West Virginia — .5%** | **West Virginia — .5%** |
| &nbsp;&nbsp;&nbsp; West Virginia Economic Development Authority, Revenue Bonds (Commercial <br> Metals Company Project)<sup>(a)</sup> <br>| 4.63 | 5/15/2032 | 1040000 | **1034663** |
| **Wisconsin — 6.9%** | **Wisconsin — 6.9%** | **Wisconsin — 6.9%** | **Wisconsin — 6.9%** | **Wisconsin — 6.9%** |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds (Appalachian State University Project) <br> (Insured; Assured Guaranty Municipal Corp.) Ser. A<br>| 4.00 | 7/1/2045 | 1850000 | 1657328 |
| Public Finance Authority, Revenue Bonds (Astro Texas Land Project) | 5.50 | 12/15/2028 | 500000 | 500000 |
| Public Finance Authority, Revenue Bonds (Kahala Nui Project) | 5.00 | 11/15/2042 | 755000 | 769806 |
| Public Finance Authority, Revenue Bonds (Southminster Obligated Group)<sup>(b)</sup> <br>| 5.00 | 10/1/2043 | 2000000 | 1879575 |
| Public Finance Authority, Revenue Bonds (WFCS Portfolio Projects) Ser. A1<sup>(b)</sup> <br>| 5.00 | 1/1/2056 | 1000000 | 858955 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds (Wonderful Foundation Charter) Ser. <br> A1<sup>(b)</sup> <br>| 5.00 | 1/1/2055 | 2000000 | 1719961 |
| Public Finance Authority, Revenue Bonds, Ser. 1 | 5.75 | 7/1/2062 | 1189671 | 1192526 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds, Refunding (Lindenwood Education <br> System) Ser. A<sup>(b)</sup> <br>| 5.50 | 6/1/2040 | 1000000 | 1005379 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds, Refunding (Mary's Woods At <br> Marylhurst Obligated Group)<sup>(b)</sup> <br>| 5.25 | 5/15/2037 | 625000 | 625265 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds, Refunding (Roseman University of <br> Health Sciences)<sup>(b)</sup> <br>| 5.00 | 4/1/2050 | 1750000 | 1584776 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Revenue Bonds, Refunding (Triad Educational Services, <br> Inc.)<br>| 5.25 | 6/15/2065 | 1000000 | 933292 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, Revenue Bonds, Refunding <br> (St. Camillus Health System Obligated Group)<br>| 5.00 | 11/1/2046 | 1250000 | 1107875 |
|  |  |  |  | **13834738** |
| &nbsp;&nbsp;&nbsp; **Total Long-Term Municipal Investments** <br>(cost $241,635,184)<br>|  |  |  | **212794828** |
| **Total Investments** (cost $244,595,735) | **Total Investments** (cost $244,595,735) |  | **106.6%** | **215290125** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** |  | **(6.6%)** | **(13365895)** |
| **Net Assets**  | **Net Assets**  | **Net Assets**  | **100.0%** | **201924230** |

---

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

*GO—Government Obligation*<br>

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

<sup>(a)</sup> *These securities have a put feature; the date shown represents the put date and the bond holder can take a specific action to retain the bond after the put date.*

<sup>(b)</sup> *Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from* *registration, normally to qualified institutional buyers. At May 31, 2025, these securities amounted to $59,916,548 or 29.7% of net assets.* 

<sup>(c)</sup> *Non-income producing—security in default.*

**9**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

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

<sup>(d)</sup> *Security issued with a zero coupon. Income is recognized through the accretion of discount.*

<sup>(e)</sup> *The Variable Rate is determined by the Remarketing Agent in its sole discretion based on prevailing market conditions and may, but need not, be established by* *reference to one or more financial indices.* 

<sup>(f)</sup> *Collateral for floating rate borrowings. The coupon rate given represents the current interest rate for the inverse floating rate security.*

*See notes to statement of investments.*

**10**

------

Statement of Investments

BNY Mellon High Yield Municipal Bond Fund

&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>May 31, 2025 (Unaudited)

The following is a summary of the inputs used as of May 31, 2025 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| Investments in Securities:<sup>†</sup> <br>|  |  |  |  |
| Collateralized Municipal-Backed Securities | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2495297 | &nbsp;&nbsp; — | &nbsp;&nbsp; **2495297** |
| Municipal Securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 212794828 | &nbsp;&nbsp; — | &nbsp;&nbsp; **212794828** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **215290125** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **215290125** |
| **Liabilities ($)** |  |  |  |  |
| Other Financial Instruments: |  |  |  |  |
| Inverse Floater Notes<sup>††</sup> <br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (15325000) | &nbsp;&nbsp; — | &nbsp;&nbsp; **(15325000)** |
|  | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **(15325000)** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **(15325000)** |

---

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

---

| | |
|:---|:---|
| <sup>†</sup> <br>| *See Statement of Investments for additional detailed categorizations, if any.* |
| <sup>††</sup> <br>| *Certain of the fund's liabilities are held at carrying amount, which approximates fair value for financial reporting purposes.* |

---

**11**

------

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission ("SEC") under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

**Level 2**—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

**Level 3**—significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

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

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

The Company's Board of Directors (the "Board") has designated the Adviser as the fund's valuation designee to make all fair value determinations with respect to the fund's portfolio investments, subject to the Board's oversight and pursuant to Rule 2a-5 under the Act.

Investments in municipal securities are valued each business day by an independent pricing service (the "Service") approved by the Board. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Municipal investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Service is engaged under the general oversight of the Board. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

**Inverse Floater Securities:** The fund participates in secondary inverse floater structures in which fixed-rate, tax-exempt municipal bonds are transferred to a trust (the "Inverse Floater Trust"). The Inverse Floater Trust typically issues two variable rate securities that are collateralized by the cash flows of the fixed-rate, tax-exempt municipal bonds. One of these variable rate securities pays interest based on

**12**

------

The fund may invest in inverse floater securities on either a non-recourse or recourse basis. These securities are typically supported by a liquidity facility provided by a bank or other financial institution (the "Liquidity Provider") that allows the holders of the Trust Certificates to tender their certificates in exchange for payment from the Liquidity Provider of par plus accrued interest on any business day prior to a termination event. When the fund invests in inverse floater securities on a non-recourse basis, the Liquidity Provider is required to make a payment under the liquidity facility due to a termination event to the holders of the Trust Certificates. When this occurs, the Liquidity Provider typically liquidates all or a portion of the municipal securities held in the Inverse Floater Trust. A liquidation shortfall occurs if the Trust Certificates exceed the proceeds of the sale of the bonds in the Inverse Floater Trust ("Liquidation Shortfall"). When a fund invests in inverse floater securities on a recourse basis, the fund typically enters into a reimbursement agreement with the Liquidity Provider where the fund is required to repay the Liquidity Provider the amount of any Liquidation Shortfall. As a result, a fund investing in a recourse inverse floater security bears the risk of loss with respect to any Liquidation Shortfall.

At May 31, 2025, accumulated net unrealized depreciation on investments was $29,305,610, consisting of $1,649,423 gross unrealized appreciation and $30,955,033 gross unrealized depreciation.

At May 31, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

**13**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY MELLON MUNICIPAL FUNDS, INC.

- **b. Investment Company Act file number:** 811-06377

- **c. CIK number of Registrant:** 0000878092

- **d. LEI of Registrant:** 549300UXV8TNSK3U4W44

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

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

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

- **a. Name of Series:** BNY Mellon High Yield Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000002850

- **c. LEI of Series:** 549300IUUBZX2LGEIQ60

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

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

- **b. Date as of which information is reported:** 2025-05-31

**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:** $219031565.97

**Total Liabilities:** $17327600.42

**Net Assets:** $201703965.55

**Delayed Delivery Securities:** $1024910.00

**Cash Not Reported:** $491508.85

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 42.53984000 | **1-Year:** 1492.60492000 | **5-Year:** 12189.57589000 | **10-Year:** 130321.19258000 | **30-Year:** 31998.06080000

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

- **3-Month:** 12.33108000 | **1-Year:** 399.26704000 | **5-Year:** 4966.94414000 | **10-Year:** 27324.07458000 | **30-Year:** 1418.73284000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007813 | -2.88%               | -2.03%               | -0.79%               |
| Class ID C000046743 | -2.88%               | -2.03%               | -0.80%               |
| Class ID C000046744 | -2.95%               | -2.01%               | -0.87%               |
| Class ID C000073399 | -2.87%               | -2.02%               | -0.69%               |
| Class ID C000130453 | -2.95%               | -1.92%               | -0.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2005053.24             | $-5268278.26                               |
| Month 2  | $-164349.85              | $-4990873.13                               |
| Month 3  | $-296188.65              | $-2047344.57                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VIRGINIA ST CLG BLDG AUTH EDUC                                               | Virginia College Building Authority                                                 | CUSIP: 9277816F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $767339.20    | 0.38%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A                                               | Greater Orlando Aviation Authority                                                  | CUSIP: 3922742H8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $1948053.20   | 0.97%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                         | Colorado Health Facilities Authority (TOBs)                                         | CUSIP: 19648FKA1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2308402.80   | 1.14%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO                                               | Southeast Energy Authority A Cooperative District                                   | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978389.70    | 0.49%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                                               | Washington State Housing Finance Commission                                         | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | ABS-MBS          | MUN               | US        |   1878245 | PA      | $1743942.60   | 0.86%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                                               | Main Street Natural Gas Inc                                                         | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046614.30   | 0.52%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY AZ INDL DEV AUTH E                                               | La Paz County Industrial Development Authority                                      | CUSIP: 50376FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000180.30   | 0.50%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development                                               | Arizona Industrial Development Authority                                            | CUSIP: 04052ABH8<br>LEI: N/A                  | Long             | ABS-MBS          | MUN               | US        |    794115 | PA      | $751354.51    | 0.37%             | 2033-05-20      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                                                | Black Belt Energy Gas District                                                      | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048679.00   | 0.52%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SENIOR LI                                               | New Hampshire Business Finance Authority                                            | CUSIP: 63608SAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $851872.80    | 0.42%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                                           | Commonwealth of Puerto Rico                                                         | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    316303 | PA      | $260154.79    | 0.13%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                                        | Chicago Board of Education                                                          | CUSIP: 167505XC5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503226.35    | 0.25%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE CO MET DIST #5                                                 | Rampart Range Metropolitan District No 5                                            | CUSIP: 75157WAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1567214.60   | 0.78%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY AZ INDL DEV AUTH E                                               | La Paz County Industrial Development Authority                                      | CUSIP: 50376FAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1450459.20   | 0.72%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL                                                | Triborough Bridge & Tunnel Authority Sales Tax Revenue                              | CUSIP: 896035DG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2062902.00   | 1.02%             | 2064-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                        | Metropolitan Transportation Authority (TOBs)                                        | CUSIP: 59261AZX8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2558884.50   | 1.27%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                                               | Arizona Industrial Development Authority                                            | CUSIP: 04052BHZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1481209.70   | 0.73%             | 2049-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                                                | County of Jefferson AL Sewer Revenue                                                | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1281421.75   | 0.64%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                                               | Maricopa County Industrial Development Authority                                    | CUSIP: 56681NEN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $649580.12    | 0.32%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                       | South Dakota Health & Educational Facilities Authority (TOBs)                       | CUSIP: 83755VG99<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2369950.20   | 1.17%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                   | City of Chicago IL                                                                  | CUSIP: 167486T25<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949413.10    | 0.47%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                               | New York Transportation Development Corp                                            | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1773607.20   | 0.88%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A                                               | St Johns County Industrial Development Authority                                    | CUSIP: 79041LAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $758991.40    | 0.38%             | 2046-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENERGY S E AL A COOPERATIVE DI                                               | Energy Southeast A Cooperative District                                             | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058752.30   | 0.52%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM                                               | Arkansas Development Finance Authority                                              | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2680376.42   | 1.33%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                                           | Commonwealth of Puerto Rico                                                         | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    320013 | PA      | $328501.02    | 0.16%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                                   | Public Finance Authority                                                            | CUSIP: 74442PRN7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $858954.80    | 0.43%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VAUXMONT MET DIST CO                                                         | Vauxmont Metropolitan District                                                      | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    515000 | PA      | $383627.31    | 0.19%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SENIOR LIVI                                               | Public Finance Authority                                                            | CUSIP: 74443UAZ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    625000 | PA      | $625264.63    | 0.31%             | 2037-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DENVER CO INTERNATIONAL BUSINE                                               | Denver International Business Center Metropolitan District No 1                     | CUSIP: 249197BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002872.00   | 0.50%             | 2048-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                   | City of Detroit MI                                                                  | CUSIP: 2510936E5<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    500000 | PA      | $540223.10    | 0.27%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                                                 | Illinois Finance Authority                                                          | CUSIP: 45204EVC9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1086034.77   | 0.54%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV                                               | City of Woodbury MN                                                                 | CUSIP: 979134BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909839.90    | 0.45%             | 2063-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTHERN IL UNIV REVENUES                                                    | Northern Illinois University                                                        | CUSIP: 665245ZN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $890483.80    | 0.44%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CANYONS MET DIST #5 CO                                                       | Canyons Metropolitan District No 5                                                  | CUSIP: 139071AT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $368580.84    | 0.18%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA                                                         | Municipal Electric Authority of Georgia                                             | CUSIP: 62620HEL2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1223383.74   | 0.61%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LUZERNE CNTY PA INDL DEV AUTH                                                | Luzerne County Industrial Development Authority                                     | CUSIP: 550728AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2007647.25   | 1.00%             | 2039-12-01      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| LOWELL MA COLLEGIATE CHRT SCH                                                | Collegiate Charter School of Lowell                                                 | CUSIP: 547649AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1643735.63   | 0.81%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV                                                | Westchester County Local Development Corp                                           | CUSIP: 95737TET9<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1550499.45   | 0.77%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                                               | Louisiana Public Facilities Authority                                               | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1527681.60   | 0.76%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                                           | Commonwealth of Puerto Rico                                                         | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    305783 | PA      | $327382.75    | 0.16%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                                   | Public Finance Authority                                                            | CUSIP: 74442PK53<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    755000 | PA      | $769805.63    | 0.38%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH EXEMPT FAC                                               | Indiana Finance Authority                                                           | CUSIP: 45470DAA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3325000 | PA      | $512205.94    | 0.25%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REVENUE                                               | Tempe Industrial Development Authority                                              | CUSIP: 87972MBS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1651229.00   | 0.82%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                                               | Arizona Industrial Development Authority                                            | CUSIP: 04052BLS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1268891.36   | 0.63%             | 2050-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                                        | Chicago Board of Education                                                          | CUSIP: 167505UZ7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002903.60   | 0.50%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH CONVENTION FA                                               | Franklin County Convention Facilities Authority Hotel Project Revenue               | CUSIP: 35317DAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1169067.25   | 0.58%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                                           | Commonwealth of Puerto Rico                                                         | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    373154 | PA      | $252928.74    | 0.13%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | San Francisco City & County Airport Comm-San Francisco International Airport (TOBs) | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3985175.00   | 1.98%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST TURNPIKE AUT                                               | North Carolina Turnpike Authority                                                   | CUSIP: 65830RCU1<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $848640.50    | 0.42%             | 2055-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG                                               | Public Finance Authority                                                            | CUSIP: 74439YDQ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1657328.05   | 0.82%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PINELLAS CNTY FL INDL DEV AUTH                                               | Pinellas County Industrial Development Authority                                    | CUSIP: 72316VAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968253.30    | 0.48%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                                                  | City of Houston TX Airport System Revenue                                           | CUSIP: 442349HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028809.70   | 0.51%             | 2038-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS                                               | Oklahoma Development Finance Authority                                              | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1465918.65   | 0.73%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                                               | Maricopa County Industrial Development Authority                                    | CUSIP: 56681NEP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $907387.30    | 0.45%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REVENUE                                               | Salem Hospital Facility Authority                                                   | CUSIP: 794458GK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $801961.60    | 0.40%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R                                               | Industrial Development Authority of the City of Phoenix Arizona/The                 | CUSIP: 71885FEB9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2123081.33   | 1.05%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NTHRN AK TOBACCO SECURITIZATIO                                               | Northern Tobacco Securitization Corp                                                | CUSIP: 66585VBY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2082960.00   | 1.03%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                                               | Wisconsin Health & Educational Facilities Authority                                 | CUSIP: 97712D4C7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1107875.13   | 0.55%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH                                                  | Lancaster County Hospital Authority/PA                                              | CUSIP: 514045S61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $951851.60    | 0.47%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                                               | Public Finance Authority                                                            | CUSIP: 74442EMS6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $933292.20    | 0.46%             | 2065-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH T                                               | Detroit Downtown Development Authority                                              | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2519665.75   | 1.25%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P                                               | Los Angeles Department of Water & Power                                             | CUSIP: 544532NS9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1145202.24   | 0.57%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH SC                                               | New Jersey Economic Development Authority                                           | CUSIP: 645912FW1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    825000 | PA      | $812914.25    | 0.40%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                                               | North Carolina Medical Care Commission                                              | CUSIP: 65821DYG0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3088762.80   | 1.53%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                               | New York Transportation Development Corp                                            | CUSIP: 650116GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990560.90    | 0.49%             | 2060-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LOAN A                                               | Rhode Island Student Loan Authority                                                 | CUSIP: 762323BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1222463.89   | 0.61%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                                                     | District of Columbia                                                                | CUSIP: 25483VSG0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1733879.80   | 0.86%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                                        | Chicago Board of Education                                                          | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910615.60    | 0.45%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH T                                               | Industrial Development Authority of the City of St Louis Missouri/The               | CUSIP: 85233LAG8<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    845000 | PA      | $794769.82    | 0.39%             | 2036-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN                                               | Virginia Small Business Financing Authority                                         | CUSIP: 928104PX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3718739.70   | 1.84%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC                                               | Virginia College Building Authority                                                 | CUSIP: 9277817M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $383669.60    | 0.19%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                                           | Commonwealth of Puerto Rico                                                         | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    260638 | PA      | $246212.65    | 0.12%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HESS RANCH MET DIST #6 CO                                                    | Hess Ranch Metropolitan District No 6                                               | CUSIP: 428112AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1321378.95   | 0.66%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT                                               | Clackamas County Hospital Facility Authority                                        | CUSIP: 179027WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1375391.10   | 0.68%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ INDL DEV AUTH SENI                                               | Glendale Industrial Development Authority                                           | CUSIP: 378287AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1368396.00   | 0.68%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP PRIV                                               | Maryland Economic Development Corp                                                  | CUSIP: 57422JCA4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2324482.09   | 1.15%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLENTOWN PA NEIGHBORHOOD IMPT                                               | Allentown Neighborhood Improvement Zone Development Authority                       | CUSIP: 018444AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1446248.70   | 0.72%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE                                                | State of Illinois Sales Tax Revenue                                                 | CUSIP: 452227VR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512144.00   | 0.75%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A                                               | Palm Beach County Health Facilities Authority                                       | CUSIP: 696507US9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1096952.64   | 0.54%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PA INDL DEV AUTH                                                   | Lancaster Industrial Development Authority                                          | CUSIP: 51434NAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1164844.95   | 0.58%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                                               | Maricopa County Industrial Development Authority                                    | CUSIP: 56681NCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2305457.55   | 1.14%             | 2038-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC                                                | Public Finance Authority                                                            | CUSIP: 74444VAF7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1879575.60   | 0.93%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                                                | Arizona Industrial Development Authority                                            | CUSIP: 040523AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $30000.00     | 0.01%             | 2051-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                                                | Arlington Higher Education Finance Corp                                             | CUSIP: 041807JW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1083873.50   | 0.54%             | 2059-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                           | Port of Seattle WA (TOBs)                                                           | CUSIP: 7353892S6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3528730.63   | 1.75%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S                                               | Mobile County Industrial Development Authority                                      | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $496960.81    | 0.25%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT                                               | California Statewide Communities Development Authority                              | CUSIP: 13080SBY9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003022.40   | 0.99%             | 2043-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HARBOR POINT CT INFRASTRUCTURE                                               | Harbor Point Infrastructure Improvement District                                    | CUSIP: 41154VAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502947.80   | 0.75%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                      | Municipal Electric Authority of Georgia (TOBs)                                      | CUSIP: 626207X33<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1795858.92   | 0.89%             | 2059-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                                           | Commonwealth of Puerto Rico                                                         | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    289963 | PA      | $278977.95    | 0.14%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX TOLL ROAD RE                                               | County of Fort Bend TX Toll Road Revenue                                            | CUSIP: 346817ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1113533.38   | 0.55%             | 2049-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                                                | New Hope Cultural Education Facilities Finance Corp                                 | CUSIP: 64542UFM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1032488.25   | 0.51%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                                                | Arlington Higher Education Finance Corp                                             | CUSIP: 041807ML9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932613.70    | 0.46%             | 2060-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ INDL DEV AUTH                                                | Sierra Vista Industrial Development Authority                                       | CUSIP: 82652UAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $908722.40    | 0.45%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO                                               | Arizona Industrial Development Authority                                            | CUSIP: 04052FEM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995508.00    | 0.49%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN                                               | Virginia Small Business Financing Authority                                         | CUSIP: 928106AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $721341.60    | 0.36%             | 2048-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE                                                | County of Cuyahoga OH                                                               | CUSIP: 2322655T1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $917462.90    | 0.45%             | 2052-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                               | New York Transportation Development Corp                                            | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1946563.60   | 0.97%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST CONVENTION CENTE                                               | Washington State Convention Center Public Facilities District                       | CUSIP: 93976AEL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3019824.80   | 1.50%             | 2058-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                                               | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                              | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4031000 | PA      | $2857089.36   | 1.42%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                                        | Chicago Board of Education                                                          | CUSIP: 167505TJ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1942526.60   | 0.96%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SPORTS FACS AUTH                                                 | Illinois Sports Facilities Authority/The                                            | CUSIP: 452143FP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1574142.90   | 0.78%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                                               | Colorado Health Facilities Authority                                                | CUSIP: 19648FGT5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1457371.95   | 0.72%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D                                               | Metropolitan Washington Airports Authority Dulles Toll Road Revenue                 | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4090000 | PA      | $3479239.07   | 1.72%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST TOBACCO SETTLEMENT                                               | Michigan Tobacco Settlement Finance Authority                                       | CUSIP: 594751AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  56880000 | PA      | $1659712.90   | 0.82%             | 2058-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                                                | Buckeye Tobacco Settlement Financing Authority                                      | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3336366.11   | 1.65%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOMINION WTR & SANTN DIST CO R                                               | Dominion Water & Sanitation District                                                | CUSIP: 25755AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2754466.55   | 1.37%             | 2052-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                               | New York Transportation Development Corp                                            | CUSIP: 650116CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009925.50   | 0.50%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DETROIT MI REGL CONVENTION FAC                                               | Detroit Regional Convention Facility Authority                                      | CUSIP: 251220AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1143956.99   | 0.57%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                                                     | Iowa Finance Authority                                                              | CUSIP: 46247SBM5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1245389.55   | 0.62%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                                           | Commonwealth of Puerto Rico                                                         | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    304141 | PA      | $260775.18    | 0.13%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                                                     | District of Columbia                                                                | CUSIP: 25483VE91<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023849.00   | 0.51%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WAXAHACHIE TX INDEP SCH DIST                                                 | Waxahachie Independent School District                                              | CUSIP: 944097ZJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1362048.00   | 0.68%             | 2053-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER                                                | New York Convention Center Development Corp                                         | CUSIP: 649451GG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10815000 | PA      | $4301889.04   | 2.13%             | 2042-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                                               | Arizona Industrial Development Authority                                            | CUSIP: 04052BKM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $894202.20    | 0.44%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC                                               | California County Tobacco Securitization Agency                                     | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1534169.86   | 0.76%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                                                  | City of Houston TX Airport System Revenue                                           | CUSIP: 442349HS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1166250.93   | 0.58%             | 2053-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH DO                                               | New Jersey Economic Development Authority                                           | CUSIP: 64578TAB0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    625000 | PA      | $633885.00    | 0.31%             | 2045-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP REVEN                                               | Mission Economic Development Corp                                                   | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1248634.25   | 0.62%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                   | City of Chicago IL                                                                  | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    700000 | PA      | $712546.87    | 0.35%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC                                               | Public Finance Authority                                                            | CUSIP: 74443DLU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005378.80   | 0.50%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brookhaven Development Authority                                             | Brookhaven Development Authority (TOBs)                                             | CUSIP: 113073AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3038232.42   | 1.51%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                                   | Public Finance Authority                                                            | CUSIP: 74442PPU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1719961.60   | 0.85%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH F                                               | Industrial Development Authority of the City of St Louis Missouri/The               | CUSIP: 85236BAC6<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2119933.00   | 1.05%             | 2047-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTH LAS VEGAS NV LOCAL IMPT                                                | City of North Las Vegas NV                                                          | CUSIP: 66041HGZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $813913.79    | 0.40%             | 2049-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CENTERVILLE OH HLTH CARE REVEN                                               | City of Centerville OH                                                              | CUSIP: 152241AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1060635.48   | 0.53%             | 2047-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SPL REVENUE                                               | Public Finance Authority                                                            | CUSIP: 74447TAE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.25%             | 2028-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL INDL DEV AUTH                                               | Seminole County Industrial Development Authority                                    | CUSIP: 81669TAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1869260.20   | 0.93%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                                               | Washington State Housing Finance Commission                                         | CUSIP: 939783TK2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $974295.39    | 0.48%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH LAS VEGAS NV LOCAL IMPT                                                | City of North Las Vegas NV                                                          | CUSIP: 66041HGY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $413082.90    | 0.20%             | 2043-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PORT OF GTR CINCINNATI DEV AUT                                               | Port of Greater Cincinnati Development Authority                                    | CUSIP: 734195EE6<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $896903.90    | 0.44%             | 2058-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                                                | Arizona Industrial Development Authority                                            | CUSIP: 040523AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $81750.00     | 0.04%             | 2050-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                                                         | Stamford Housing Authority                                                          | CUSIP: 852640AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1451023.12   | 0.72%             | 2045-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RENO NV SALES TAX REVENUE                                                    | City of Reno NV                                                                     | CUSIP: 759861EK9<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $1487701.80   | 0.74%             | 2058-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI                                               | Golden State Tobacco Securitization Corp                                            | CUSIP: 38122NB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23000000 | PA      | $2477139.10   | 1.23%             | 2066-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY CA CMNTY FACS DIST                                               | Orange County Community Facilities District                                         | CUSIP: 68423PZK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507214.55   | 0.75%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                                                | Metropolitan Pier & Exposition Authority                                            | CUSIP: 592250DM3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970808.90    | 0.48%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT                                               | California Statewide Communities Development Authority                              | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $971013.40    | 0.48%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                                           | Commonwealth of Puerto Rico                                                         | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    223696 | PA      | $206760.98    | 0.10%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                                                | Arlington Higher Education Finance Corp                                             | CUSIP: 041806HK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1023289.08   | 0.51%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTH                                                | Chester County Industrial Development Authority                                     | CUSIP: 16559WAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    741000 | PA      | $671677.38    | 0.33%             | 2048-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH SENIOR                                               | Tulsa County Industrial Authority                                                   | CUSIP: 899530AY5<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003497.40   | 0.50%             | 2037-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                                                | Pennsylvania Economic Development Financing Authority                               | CUSIP: 708692BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $673308.89    | 0.33%             | 2039-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA                                               | Pennsylvania Higher Educational Facilities Authority                                | CUSIP: 70917SMQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001275.60   | 0.50%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHNS CNTY FL INDL DEV A                                               | St Johns County Industrial Development Authority                                    | CUSIP: 79041LAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $408722.65    | 0.20%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation Authority                                            | Regional Transportation Authority (TOBs)                                            | CUSIP: 7599114F4<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1388281.70   | 0.69%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                                        | Chicago Board of Education                                                          | CUSIP: 167505YB6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1389498.60   | 0.69%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                                               | Tobacco Settlement Financing Corp                                                   | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1771252.77   | 0.88%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAZOS TX HGR EDU AUTH STUDENT                                               | Brazos Higher Education Authority Inc                                               | CUSIP: 10623ABQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1236413.94   | 0.61%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX EDU FACS CORP R                                               | San Antonio Education Facilities Corp                                               | CUSIP: 796247DK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1318268.00   | 0.65%             | 2051-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST ECON DEV AUTH                                               | West Virginia Economic Development Authority                                        | CUSIP: 95648VBV0<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1034662.82   | 0.51%             | 2055-04-15      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU                                               | Texas Private Activity Bond Surface Transportation Corp                             | CUSIP: 882667BX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050278.00   | 1.02%             | 2058-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                                               | Tobacco Settlement Financing Corp                                                   | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351441.58    | 0.17%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK                                               | Port of Beaumont Navigation District                                                | CUSIP: 73360CAN4<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1129291.80   | 0.56%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE                                               | California Municipal Finance Authority                                              | CUSIP: 13048VJE9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    140000 | PA      | $116371.96    | 0.06%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                                               | Health & Educational Facilities Authority of the State of Missouri                  | CUSIP: 60635H2S7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992579.70    | 0.49%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                                                  | City of Houston TX Airport System Revenue                                           | CUSIP: 4423485S3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503791.10   | 0.75%             | 2030-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                                               | Health & Educational Facilities Authority of the State of Missouri                  | CUSIP: 60635HU72<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000936.50   | 0.50%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                                               | Clifton Higher Education Finance Corp                                               | CUSIP: 187145DL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1498739.40   | 0.74%             | 2045-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI POOLED CHRT                                               | Public Finance Authority                                                            | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1189670 | PA      | $1192525.94   | 0.59%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                                   | Public Finance Authority                                                            | CUSIP: 74442PZV0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1584775.85   | 0.79%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                                               | Washington State Housing Finance Commission                                         | CUSIP: 939783TJ5<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1499787.91   | 0.74%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** BNY MELLON MUNICIPAL FUNDS, INC.

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer