# EDGAR Filing Document

**Accession Number:** 0000906236
**File Stem:** 0000940400-26-014633
**Filing Date:** 2026-4
**Character Count:** 88413
**Document Hash:** bd284a2da549e0a8f9091717dd6d9558
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014633.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000940400-26-014633

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07742
- **FILM NUMBER:** 26890889

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

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

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

## Series and Classes Contracts Data

### Nomura Minnesota High-Yield Municipal Bond Fund (Series ID: S000002412)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000006409 | Class A             | DVMHX           |
| C000006411 | Class C             | DVMMX           |
| C000135925 | Institutional Class | DMHIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

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

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

- **a. Name of Series:** Nomura Minnesota High-Yield Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000002412

- **c. LEI of Series:** YBLW7P81WLFJTSTCRO52

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-27

**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:** $232343750.74

**Total Liabilities:** $984498.31

**Net Assets:** $231359252.43

**Cash Not Reported:** $1103673.56

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 92.67775000 | **1-Year:** 3554.33074000 | **5-Year:** 36282.35074000 | **10-Year:** 99039.32355000 | **30-Year:** 3155.24445000

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

- **3-Month:** 53.01042000 | **1-Year:** 865.57644000 | **5-Year:** 5113.20526000 | **10-Year:** 15506.97410000 | **30-Year:** 446.93799000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006409 | 0.12%                | 0.72%                | 1.69%                |
| Class ID C000006411 | 0.06%                | 0.66%                | 1.63%                |
| Class ID C000135925 | 0.14%                | 0.75%                | 1.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-595.99                 | $-328462.55                                |
| Month 2  | $10271.02                | $852178.65                                 |
| Month 3  | $-874.02                 | $3233701.99                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MINNESOTA HEALTH & ED FACS AUTH                     | MN MNSMED 5 03/01/2051    | CUSIP: 60410PBE1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    295000 | PA      | $309673.30    | 0.13%             | 2051-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                           | PR PRCPWR 5.25 07/01/2025 | CUSIP: 74526QXY3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     95000 | PA      | $63412.50     | 0.03%             | 2025-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAYWARD MINN                                        | MN HYWMED 5.38 08/01/2034 | CUSIP: 421306AB7<br>LEI: 549300YF6QD4DXUDGL81 | Long             | DBT              | MUN               | US        |    750000 | PA      | $586635.00    | 0.25%             | 2034-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BROOKLYN PARK MINN                                  | MN BRKEDU 5.25 06/15/2064 | CUSIP: 114224AR9<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1390725.00   | 0.60%             | 2064-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN ECONOMIC DEV AUTH                       | MN DULDEV 4 07/01/2031    | CUSIP: 26444VAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1489485.00   | 0.64%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINN                                     | MN STIMFH 5.5 02/01/2042  | CUSIP: 860770BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $749985.00    | 0.32%             | 2042-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                | PR PRCGEN 4.75 07/01/2053 | CUSIP: 74529JPW9<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1370043.60   | 0.59%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WAYZATA MINN                                        | MN WAYHSG 4 08/01/2044    | CUSIP: 946829BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $331310.00    | 0.14%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RAMSEY CNTY MINN                                    | MN RAM 4 02/01/2042       | CUSIP: 751622XZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513750.00    | 0.22%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINEDU 5.5 07/01/2052  | CUSIP: 60375CBZ6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $977687.30    | 0.42%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                           | PR PRCPWR 5.75 07/01/2036 | CUSIP: 74526QWE8<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    370000 | PA      | $246975.00    | 0.11%             | 2036-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 10/01/2037    | CUSIP: 60416H7G3<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301521.00    | 0.13%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 4.12 10/01/2053 | CUSIP: 60416JJA9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1236278.00   | 0.53%             | 2053-10-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                      | MN ROCMED 4.25 11/15/2050 | CUSIP: 771902HP1<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1599222.00   | 0.69%             | 2050-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 4 09/01/2036    | CUSIP: 852297BX7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    765000 | PA      | $757265.85    | 0.33%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                | PR PRCGEN 4.54 07/01/2053 | CUSIP: 74529JRK3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2814840.00   | 1.22%             | 2053-07-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| EAGAN MINN                                          | MN EGAEDU 6.25 02/01/2045 | CUSIP: 26940AAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $652838.40    | 0.28%             | 2045-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MINN                                       | MN SUDMED 4 05/01/2049    | CUSIP: 78916VDW7<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2039760.00   | 0.88%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                           | PR PRCPWR 5 07/01/2028    | CUSIP: 74526QVC3<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    585000 | PA      | $390487.50    | 0.17%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN HSG & REDEV AUTH         | MN MINMED 5 08/15/2042    | CUSIP: 603695KD8<br>LEI: 549300KIIPBGID7OQ807 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2179040.00   | 0.94%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MINN CHARTER SCH                           | MN WDBEDU 4 07/01/2041    | CUSIP: 979134AT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $787765.70    | 0.34%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                           | PR PRCPWR 5.25 07/01/2024 | CUSIP: 74526QXP2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    130000 | PA      | $86775.00     | 0.04%             | 2024-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 5.5 07/01/2052  | CUSIP: 852297CK4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    440000 | PA      | $423768.40    | 0.18%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 3 03/01/2040    | CUSIP: 60416JDV9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    365000 | PA      | $340355.20    | 0.15%             | 2040-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SARTELL MINN HEALTH CARE & HSG FACS                 | MN SARMED 5 09/01/2035    | CUSIP: 803807BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $352863.00    | 0.15%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 10/01/2039    | CUSIP: 60416H7J7<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003850.00   | 0.43%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                 | PR PRC 11/01/2043         | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1420215 | PA      | $971071.77    | 0.42%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN ECONOMIC DEV AUTH                       | MN DULDEV 4 06/15/2033    | CUSIP: 26444CJF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $403658.80    | 0.17%             | 2033-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                            | MN MNSHSG 2.4 07/01/2046  | CUSIP: 60416TGV4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $915387.50    | 0.40%             | 2046-07-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| OTSEGO MINN                                         | MN OTSEDU 5 09/01/2044    | CUSIP: 689149AC6<br>LEI: 549300C7IZXQ4JXHZS47 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1617060.50   | 0.70%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 4 05/01/2026    | CUSIP: 60416HF74<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100028.00    | 0.04%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 4.12 09/01/2047 | CUSIP: 852297BY5<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    590000 | PA      | $515276.50    | 0.22%             | 2047-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                      | MN ROCMED 4.38 11/15/2053 | CUSIP: 771902HQ9<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2215044.30   | 0.96%             | 2053-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| STILLWATER MINN INDPT SCH DIST NO 834               | MN STISCD 4 02/01/2041    | CUSIP: 860758TB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $446370.90    | 0.19%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DILWORTH-GLYNDON-FELTON MINN INDPT SCH DIST NO 2164 | MN DILSCD 3 02/01/2041    | CUSIP: 254278KU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $207470.25    | 0.09%             | 2041-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DAKOTA CNTY MINN CMNTY DEV AGY                      | MN DAKHSG 5 08/01/2051    | CUSIP: 23410LBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $1850801.40   | 0.80%             | 2051-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 4 10/01/2038    | CUSIP: 60416JBH2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    920000 | PA      | $902878.80    | 0.39%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST OFFICE OF HIGHER ED                    | MN MNSHGR 4 11/01/2042    | CUSIP: 60416MCA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247827.50    | 0.11%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINEDU 5.5 07/01/2057  | CUSIP: 60375CCA0<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    880000 | PA      | $747269.60    | 0.32%             | 2057-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA MUN GAS AGY                               | MN MGAUTL 12/01/2052      | CUSIP: 60406UAM9<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022530.00   | 0.44%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WAYZATA MINN                                        | MN WAYHSG 4 08/01/2039    | CUSIP: 946829BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400200.00    | 0.17%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MINN                                    | MN FLVEDU 5.75 08/01/2044 | CUSIP: 345856AJ7<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |    585000 | PA      | $585310.05    | 0.25%             | 2044-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HAM LAKE MINN                                       | MN HAMEDU 5 07/01/2047    | CUSIP: 406511AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $618197.00    | 0.27%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN (MN), CITY OF                             | MN DPHHSG 5 04/01/2038    | CUSIP: 24379CAH9<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |    335000 | PA      | $334983.25    | 0.14%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 10/01/2034    | CUSIP: 60416JBY5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    450000 | PA      | $481666.50    | 0.21%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINSTD 5 08/01/2053    | CUSIP: 60379NCL8<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    570000 | PA      | $533890.50    | 0.23%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLOGNE MINN                                        | MN CLGEDU 5 07/01/2029    | CUSIP: 195239AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220165.00    | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN PORT AUTH                              | MN STPPOL 4.5 10/01/2037  | CUSIP: 79307RAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5350000 | PA      | $5350214.00   | 2.31%             | 2037-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLOGNE MINN                                        | MN CLGEDU 5 07/01/2034    | CUSIP: 195239AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350185.50    | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLENCOE MINN HEALTH CARE FACS                       | MN GLEMED 4 04/01/2031    | CUSIP: 378160BW4<br>LEI: 549300YD6XHLXYWWYP70 | Long             | DBT              | MUN               | US        |    185000 | PA      | $185048.10    | 0.08%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA MINN                                       | MN VIR 4 02/01/2038       | CUSIP: 9278722V2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010900.00   | 0.44%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN          | MN MINAPT 4 01/01/2054    | CUSIP: 603827N44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3226300.00   | 1.39%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                            | MN MNSHSG 5.5 07/01/2053  | CUSIP: 60416TH92<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    800000 | PA      | $856480.00    | 0.37%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN HSG & REDEV AUTH         | MN MINMED 5 08/15/2040    | CUSIP: 603695KB2<br>LEI: 549300KIIPBGID7OQ807 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1942884.00   | 0.84%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYWARD MINN                                        | MN HYWMED 5.38 10/01/2044 | CUSIP: 421307AM1<br>LEI: 549300YF6QD4DXUDGL81 | Long             | DBT              | MUN               | US        |     90000 | PA      | $48150.00     | 0.02%             | 2044-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN          | MN MINAPT 5 01/01/2032    | CUSIP: 603827E28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $353096.70    | 0.15%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINEDU 5.38 07/01/2042 | CUSIP: 60375CBY9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    690000 | PA      | $649876.50    | 0.28%             | 2042-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN (MN), CITY OF                             | MN DPHHSG 5 04/01/2040    | CUSIP: 24379CAJ5<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |    315000 | PA      | $312108.30    | 0.13%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARTELL MINN HEALTH CARE & HSG FACS                 | MN SARMED 5 09/01/2032    | CUSIP: 803807BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011220.00   | 0.44%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 10/01/2047    | CUSIP: 60416H7L2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1036389.80   | 0.45%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COTTONWOOD MINN                                     | MN CTNGEN 5 12/01/2050    | CUSIP: 22188TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1008450.30   | 0.44%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLOGNE MINN                                        | MN CLGEDU 5 07/01/2045    | CUSIP: 195239AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $350110.80    | 0.15%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHAKOPEE MINN                                       | MN SHAHSG 5.88 11/01/2065 | CUSIP: 81919TAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016490.00   | 0.44%             | 2065-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HAM LAKE MINN                                       | MN HAMEDU 5 07/01/2036    | CUSIP: 406511AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $234663.95    | 0.10%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYZATA MINN                                        | MN WAYHSG 4 08/01/2038    | CUSIP: 946829BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500315.00    | 0.22%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 10/01/2045    | CUSIP: 60416JBJ8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999080.00    | 0.43%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MINN CHARTER SCH                           | MN WDBEDU 6 07/01/2065    | CUSIP: 979134BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006250.00   | 0.43%             | 2065-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EAGAN MINN                                          | MN EGAEDU 6.38 02/01/2055 | CUSIP: 26940AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $695170.00    | 0.30%             | 2055-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SARTELL MINN HEALTH CARE & HSG FACS                 | MN SARMED 5.3 09/01/2037  | CUSIP: 803807AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600246.00    | 0.26%             | 2037-09-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                      | MN MNHOSP 11/15/2064      | CUSIP: 771902HS5<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6700000.00   | 2.90%             | 2064-11-15      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MINN                                         | MN BETEDU 4 07/01/2032    | CUSIP: 086759AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $843393.60    | 0.36%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRAINERD MINN                                       | MN BRAHSG 6 05/01/2060    | CUSIP: 10501DAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1810304.75   | 0.78%             | 2060-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN          | MN MINAPT 5 01/01/2049    | CUSIP: 603827F35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $606024.00    | 0.26%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORRIS MINN                                         | MN MRRMED 4.2 08/01/2049  | CUSIP: 618147AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1103880.00   | 0.48%             | 2049-08-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GIBBON MINN INDPT SCH DIST NO 2365                  | MN GIBSCD 4.12 02/01/2052 | CUSIP: 374627DH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1243450.00   | 0.54%             | 2052-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WAYZATA MINN                                        | MN WAYHSG 3.75 08/01/2037 | CUSIP: 946829BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497370.00    | 0.21%             | 2037-08-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BETHEL MINN                                         | MN BETEDU 4 07/01/2037    | CUSIP: 086759AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $836493.50    | 0.36%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 5 09/01/2043    | CUSIP: 852297DA5<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007340.00   | 0.44%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA AGRIC & ECONOMIC DEV BRD                  | MN MNSAGR 5.25 01/01/2054 | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $676481.00    | 0.29%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN (MN), CITY OF                             | MN DPHHSG 5 04/01/2048    | CUSIP: 24379CAL0<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |    185000 | PA      | $168832.85    | 0.07%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VICTORIA MINN HEALTH CARE FACS                      | MN VICMED 5 08/01/2039    | CUSIP: 92627TAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1076952.00   | 0.47%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN ECONOMIC DEV AUTH                       | MN DULDEV 5 02/15/2058    | CUSIP: 26444CHG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6940000 | PA      | $6966580.20   | 3.01%             | 2058-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN          | MN MINAPT 5.25 01/01/2049 | CUSIP: 603827Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2395516.20   | 1.04%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN          | MN MINAPT 5 01/01/2044    | CUSIP: 603827F27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2204868.00   | 0.95%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW LONDON MINN ECONOMIC DEV AUTH                   | MN NLEFAC 5 02/01/2038    | CUSIP: 646565AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $893640.00    | 0.39%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 4 10/01/2046    | CUSIP: 60416JDA5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    935000 | PA      | $893738.45    | 0.39%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 10/01/2052    | CUSIP: 60416JGG9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017930.00   | 0.44%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                   | MN APPHSG 5.5 09/01/2055  | CUSIP: 03800RBK1<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    625000 | PA      | $637287.50    | 0.28%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MINN                                    | MN FLVEDU 5.38 08/01/2050 | CUSIP: 345856AV0<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |    975000 | PA      | $975087.75    | 0.42%             | 2050-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HIBBING MINN INDPT SCH DIST NO 701                  | MN HIBSCD 3 03/01/2041    | CUSIP: 428599AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $453505.00    | 0.20%             | 2041-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HAM LAKE MINN                                       | MN HAMEDU 5 11/01/2047    | CUSIP: 406511AP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $636187.50    | 0.27%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                           | PR PRCPWR 5.25 07/01/2040 | CUSIP: 74526QVX7<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    295000 | PA      | $196912.50    | 0.09%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROSEMOUNT MINN                                      | MN RSM 4 02/01/2053       | CUSIP: 7775773Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2930000 | PA      | $2759005.20   | 1.19%             | 2053-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MINN PORT AUTH DIST                      | MN STPTRN 5 10/01/2046    | CUSIP: 79308GBC0<br>LEI: 549300XSRDPV7OLEL437 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1153702.00   | 0.50%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MINN                                    | MN FLVEDU 4.5 08/01/2026  | CUSIP: 345856AE8<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125058.75    | 0.05%             | 2026-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINGEN 4 03/01/2027    | CUSIP: 603795CY9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500175.00    | 0.22%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 4 03/01/2048    | CUSIP: 60416H6L3<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    600000 | PA      | $572376.00    | 0.25%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN ECONOMIC DEV AUTH                       | MN DULDEV 5.25 06/15/2052 | CUSIP: 26444CKL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037650.00   | 0.45%             | 2052-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN ECONOMIC DEV AUTH                       | MN DULDEV 5.25 02/15/2058 | CUSIP: 26444CHF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2016140.00   | 0.87%             | 2058-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                 | PR PRC 4 07/01/2046       | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902840.00    | 0.39%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 5.62 09/01/2065 | CUSIP: 852297EH9<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    335000 | PA      | $335546.05    | 0.15%             | 2065-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| APPLE VY MINN                                       | MN APPGEN 7 01/01/2037    | CUSIP: 03789YDS2<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    490000 | PA      | $256720.80    | 0.11%             | 2037-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MINN                                       | MN SUDMED 4 05/01/2050    | CUSIP: 78916VET3<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2275625.00   | 0.98%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 10/01/2049    | CUSIP: 60416JHZ6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1289462.50   | 0.56%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANOKA MINN                                          | MN ANOMED 5.12 11/01/2049 | CUSIP: 03632RAH3<br>LEI: 549300R336CIYVDY0N47 | Long             | DBT              | MUN               | US        |    400000 | PA      | $359260.00    | 0.16%             | 2049-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN          | MN MINAPT 5.25 01/01/2044 | CUSIP: 603827Q74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076340.00   | 0.47%             | 2044-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MINN CHARTER SCH                           | MN STCEDU 5 04/01/2046    | CUSIP: 788326AD8<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |    750000 | PA      | $627690.00    | 0.27%             | 2046-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 5 09/01/2055    | CUSIP: 852297DB3<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1027081.00   | 0.44%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                                        | MN MNS 5 08/01/2043       | CUSIP: 60412AN41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3630640.00   | 1.57%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW LONDON MINN ECONOMIC DEV AUTH                   | MN NLEFAC 4.5 02/01/2033  | CUSIP: 646565AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $351472.20    | 0.15%             | 2033-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OAKDALE MINN                                        | MN OKDMED 5.7 12/01/2050  | CUSIP: 67208TAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521300.00   | 0.66%             | 2050-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 05/01/2047    | CUSIP: 60416H3Z5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2785800.00   | 1.20%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MIN 3 12/01/2038       | CUSIP: 60375BHF6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1920966.70   | 0.83%             | 2038-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ANOKA-HENNEPIN MINN INDPT SCH DIST NO 11            | MN ANOSCD 3 02/01/2045    | CUSIP: 0363034T9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $608497.50    | 0.26%             | 2045-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                   | MN APPHSG 5.62 09/01/2065 | CUSIP: 03800RBL9<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025460.00   | 0.44%             | 2065-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                           | PR PRCPWR 4.75 07/01/2026 | CUSIP: 74526QVZ2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    105000 | PA      | $70087.50     | 0.03%             | 2026-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CASS LAKE MINN INDPT SCH DIST                       | MN CSSSCD 4 02/01/2043    | CUSIP: 148087LM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $810656.00    | 0.35%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROOKLYN CENTER MINN                                | MN BROMFH 5.5 11/01/2035  | CUSIP: 113880EG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    626098 | PA      | $438268.38    | 0.19%             | 2035-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 10/01/2052    | CUSIP: 60416JGW4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    750000 | PA      | $715057.50    | 0.31%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                            | MN MNSHSG 2.2 01/01/2051  | CUSIP: 60416TCQ9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    635000 | PA      | $419912.80    | 0.18%             | 2051-01-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| WAYZATA MINN                                        | MN WAYHSG 5 08/01/2035    | CUSIP: 946829BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150829.50    | 0.07%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VY MINN                                       | MN APPGEN 7.25 01/01/2052 | CUSIP: 03789YDT0<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $657814.95    | 0.28%             | 2052-01-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 6.12 07/01/2065 | CUSIP: 852297EE6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002320.00   | 0.43%             | 2065-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 5.75 09/01/2046 | CUSIP: 852297CD0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501450.00    | 0.22%             | 2046-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN HSG & REDEV AUTH                        | MN DULEDU 5 11/01/2048    | CUSIP: 264454AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1386588.00   | 0.60%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA HEALTH & ED FACS AUTH                     | MN MNSMED 5.5 03/01/2066  | CUSIP: 60410PBG6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073920.00   | 0.46%             | 2066-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WOODBURY MINN CHARTER SCH                           | MN WDBEDU 4 07/01/2056    | CUSIP: 979134AV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $575601.90    | 0.25%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MINN HEALTH CARE FACS                   | MN MGRMED 4 05/01/2037    | CUSIP: 56516TBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1626836.25   | 0.70%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROSEMOUNT MINN INDPT SCH DIST NO 196                | MN RSMSCD 4 02/01/2044    | CUSIP: 777594ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1077329.50   | 0.47%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST JOSEPH MINN                                      | MN SJSHSG 5 07/01/2055    | CUSIP: 790755AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923100.00    | 0.40%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 4 03/01/2047    | CUSIP: 60416H3W2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1475610.00   | 0.64%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINHSG 5.38 11/01/2050 | CUSIP: 603787AN2<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1603763.00   | 0.69%             | 2050-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPMFH 5.38 05/01/2043 | CUSIP: 792892HM6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999900.00    | 0.43%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WOODBURY MINN CHARTER SCH                           | MN WDBEDU 4 07/01/2051    | CUSIP: 979134AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $865510.80    | 0.37%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 05/01/2037    | CUSIP: 60416H3Y8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254862.50   | 0.54%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 10/01/2047    | CUSIP: 60416H4Y7<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2352514.50   | 1.02%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN HSG & REDEV AUTH                        | MN DULEDU 5 11/01/2038    | CUSIP: 264454AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $657006.00    | 0.28%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKES AREA ECONOMIC DEV AUTH MINN                   | MN LAEMED 5.7 11/01/2051  | CUSIP: 512060AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $808808.00    | 0.35%             | 2051-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN ECONOMIC DEV AUTH                       | MN DULDEV 5 02/15/2053    | CUSIP: 26444CHE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1598124.90   | 0.69%             | 2053-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN          | MN MINAPT 5.25 01/01/2042 | CUSIP: 603827Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100190.00   | 0.48%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN ECONOMIC DEV AUTH                       | MN DULDEV 4.25 02/15/2043 | CUSIP: 26444CGZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401056.00    | 0.17%             | 2043-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BETHEL MINN                                         | MN BETHSG 5 05/01/2054    | CUSIP: 08676PBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909190.00    | 0.39%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN MINN                                      | MN DPHEDU 5.5 07/01/2050  | CUSIP: 24380HAS1<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000140.00   | 0.43%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA HEALTH & ED FACS AUTH                     | MN MNSMED 5.25 03/01/2056 | CUSIP: 60410PBF8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    295000 | PA      | $313617.45    | 0.14%             | 2056-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 4 10/01/2037    | CUSIP: 60416JCB4<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    300000 | PA      | $306918.00    | 0.13%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                            | MN MNSHSG 4.85 07/01/2045 | CUSIP: 60416USQ9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1647280.00   | 0.71%             | 2045-07-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINSTD 4.75 08/01/2043 | CUSIP: 60379NCK0<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    750000 | PA      | $731542.50    | 0.32%             | 2043-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN COUNCIL MINN                           | MN METGEN 4 03/01/2043    | CUSIP: 5918524L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $585850.25    | 0.25%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAPLE PLAIN MINN                                    | MN MPLMED 5 07/01/2049    | CUSIP: 56531SAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $936520.00    | 0.40%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MINN                                         | MN BETHSG 5.25 06/01/2058 | CUSIP: 08676PAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1315862.25   | 0.57%             | 2058-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CROOKSTON MINN HEALTH CARE FACS                     | MN CRKMED 5 05/01/2051    | CUSIP: 227235BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $496038.50    | 0.21%             | 2051-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPMED 5 11/15/2047    | CUSIP: 792909FM0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1877400.00   | 0.81%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 6 09/01/2051    | CUSIP: 852297CE8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3509030.00   | 1.52%             | 2051-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN COUNCIL MINN                           | MN METGEN 4 03/01/2041    | CUSIP: 5918524J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $621288.00    | 0.27%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAUK RAPIDS MINN                                    | MN SAUMED 5.12 01/01/2039 | CUSIP: 804359BW6<br>LEI: 549300EEYEG1XIKNKU21 | Long             | DBT              | MUN               | US        |    755000 | PA      | $717552.00    | 0.31%             | 2039-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HUGO MINN                                           | MN HUGEDU 5 07/01/2034    | CUSIP: 444584AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000540.00   | 0.43%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                           | PR PRCPWR 4.75 07/01/2027 | CUSIP: 74526QWX6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |     85000 | PA      | $56737.50     | 0.02%             | 2027-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| APPLE VY MINN                                       | MN APPGEN 5 01/01/2047    | CUSIP: 03789YDH6<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    535000 | PA      | $293864.80    | 0.13%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 5.5 09/01/2055  | CUSIP: 852297EG1<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    555000 | PA      | $555199.80    | 0.24%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 4 10/01/2044    | CUSIP: 60416JCE8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99228.00     | 0.04%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RICE CNTY MINN                                      | MN RCE 4 02/01/2052       | CUSIP: 762698LE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1455615.00   | 0.63%             | 2052-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHATFIELD MINN                                      | MN CHFMED 5 09/01/2052    | CUSIP: 161818AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1290555.00   | 0.56%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MIN 3 12/01/2037       | CUSIP: 60375BHE9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1278199.00   | 0.55%             | 2037-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                   | MN APPHSG 4.5 09/01/2053  | CUSIP: 03800RAT3<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    840000 | PA      | $731430.00    | 0.32%             | 2053-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MINN HEALTH CARE FACS                   | MN MGRMED 4 09/01/2035    | CUSIP: 56516TAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $295488.00    | 0.13%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUGO MINN                                           | MN HUGEDU 5 07/01/2044    | CUSIP: 444584AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $485431.65    | 0.21%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                 | PR PRC 4 07/01/2037       | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1072204.20   | 0.46%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 5 10/01/2032    | CUSIP: 60416JEY2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $553410.00    | 0.24%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                      | MN ROCMED 6.88 12/01/2048 | CUSIP: 771906CV4<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200804.00   | 0.52%             | 2048-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHATFIELD MINN                                      | MN CHFMED 4 09/01/2039    | CUSIP: 161818AR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $228180.00    | 0.10%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WHITE BEAR LAKE MINN INDPT SCH DIST NO 624          | MN WHISCD 3 02/01/2042    | CUSIP: 963439C36<br>LEI: 549300I7BXOUJLASQ618 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $890470.00    | 0.38%             | 2042-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                    | MN MNSHGR 3 03/01/2043    | CUSIP: 60416JDW7<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    325000 | PA      | $284381.50    | 0.12%             | 2043-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                   | MN APPHSG 5 09/01/2058    | CUSIP: 03800RAU0<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1093102.50   | 0.47%             | 2058-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINEDU 5.5 06/01/2057  | CUSIP: 60375CBV5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1261596.00   | 0.55%             | 2057-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROOKLYN PARK MINN                                  | MN BRKEDU 5.12 06/15/2054 | CUSIP: 114224AQ1<br>LEI: 549300SRSB2KMQNYBB75 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935710.00    | 0.40%             | 2054-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINMED 4 11/15/2040    | CUSIP: 60374VEV1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006090.00   | 0.43%             | 2040-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 4.75 07/01/2029 | CUSIP: 852297CG3<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201788.00    | 0.09%             | 2029-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MIN 3 12/01/2042       | CUSIP: 60375BHK5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $893380.00    | 0.39%             | 2042-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINMED 5 11/15/2049    | CUSIP: 60374VEF6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995950.00    | 0.43%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                           | PR PRCPWR 5.05 07/01/2042 | CUSIP: 74526QZY1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    165000 | PA      | $110137.50    | 0.05%             | 2042-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| REGENTS OF THE UNIVERSITY OF MINNESOTA (MN)         | MN UNIHGR 5 09/01/2042    | CUSIP: 914460QL7<br>LEI: 5493008DXSHLQ88T7F63 | Long             | DBT              | MUN               | US        |    900000 | PA      | $921285.00    | 0.40%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 5.25 07/01/2050 | CUSIP: 852297AS9<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1525090.00   | 0.66%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN          | MN MINAPT 5 01/01/2044    | CUSIP: 603827C53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4163920.00   | 1.80%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN          | MN MINAPT 5 01/01/2039    | CUSIP: 603827E93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523760.00    | 0.23%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                            | MN MNSHSG 4.9 08/01/2066  | CUSIP: 60416UCG8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    350000 | PA      | $352079.00    | 0.15%             | 2066-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                | PR PRCGEN 0 07/01/2051    | CUSIP: 74529JQH1<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   5075000 | PA      | $1335232.50   | 0.58%             | 2051-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MINN                                         | MN BETEDU 4.25 07/01/2047 | CUSIP: 086759AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $656130.00    | 0.28%             | 2047-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                            | MN MNSHSG 4.45 07/01/2038 | CUSIP: 60416T5M6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    805000 | PA      | $849991.45    | 0.37%             | 2038-07-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                | PR PRCGEN 0 07/01/2046    | CUSIP: 74529JQG3<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1271000 | PA      | $457191.41    | 0.20%             | 2046-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ELK RIVER MINN INDPT SCH DIST NO 728                | MN ELKSCD 3 02/01/2040    | CUSIP: 287425N99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $487207.80    | 0.21%             | 2040-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN ECONOMIC DEV AUTH                       | MN DULDEV 4 07/01/2041    | CUSIP: 26444VAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1037143.80   | 0.45%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MINN                                         | MN BETMED 6.12 03/01/2049 | CUSIP: 08675RAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300102.00    | 0.13%             | 2049-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ST PETER MINN INDPT SCH DIST NO 508                 | MN SPTSCD 4 02/01/2045    | CUSIP: 793181KN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $326771.25    | 0.14%             | 2045-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTERN MINN MUN PWR AGY MINN                       | MN WESPWR 5 01/01/2049    | CUSIP: 958697KL7<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |    555000 | PA      | $563585.85    | 0.24%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINMED 4 11/15/2039    | CUSIP: 60374VEU3<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1924890.00   | 0.83%             | 2039-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINGEN 5 12/01/2045    | CUSIP: 603786JY1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1567684.80   | 0.68%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                   | MN APPHSG 5 09/01/2043    | CUSIP: 03800RAR7<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000110.00   | 0.43%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPMED 4 11/15/2043    | CUSIP: 792909FL2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1479785.00   | 0.64%             | 2043-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTHWEST MINN MULTI-COUNTY HOUSING (MN)            | MN NWMHSG 5.5 07/01/2045  | CUSIP: 667579DA1<br>LEI: 549300BI0CX5GBF81K22 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1274974.50   | 0.55%             | 2045-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                      | MN ROCMED 5 11/15/2057    | CUSIP: 771902HM8<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036750.00   | 0.45%             | 2057-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYZATA MINN                                        | MN WAYHSG 5 08/01/2054    | CUSIP: 946829BR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1233025.00   | 0.53%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 5.12 05/01/2048 | CUSIP: 792908CH6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1654729.00   | 0.72%             | 2048-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MINNESOTA AGRIC & ECONOMIC DEV BRD                  | MN MNSAGR 4 01/01/2049    | CUSIP: 6049203D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1878866.00   | 0.81%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORRIS MINN                                         | MN MRRMED 4.1 08/01/2044  | CUSIP: 618147AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $394630.00    | 0.17%             | 2044-08-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ST BONIFACIUS MINN                                  | MN STB 6.5 06/01/2060     | CUSIP: 78763EAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1823813.10   | 0.79%             | 2060-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINMED 4 11/15/2048    | CUSIP: 60374VEE9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2471202.35   | 1.07%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MINN CHARTER SCH                           | MN WDBEDU 5.5 06/01/2063  | CUSIP: 979134BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2363850.00   | 1.02%             | 2063-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ST PETER MINN INDPT SCH DIST NO 508                 | MN SPTSCD 4 02/01/2044    | CUSIP: 793181KM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151347.00    | 0.07%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHASKA MINN ECONOMIC DEV AUTH                       | MN CHADEV 4.12 02/01/2054 | CUSIP: 16166NGK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1213825.00   | 0.52%             | 2054-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 5 09/01/2040    | CUSIP: 852297CZ1<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    715000 | PA      | $726983.40    | 0.31%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN MET ARPTS COMMN          | MN MINAPT 5 01/01/2047    | CUSIP: 603827L46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255485.00    | 0.11%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINMED 5 11/15/2032    | CUSIP: 60374VDR1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251037.50   | 0.54%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MINN                                         | MN BETEDU 4.38 07/01/2052 | CUSIP: 086759AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $214082.50    | 0.09%             | 2052-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                      | MN ROCMED 4 11/15/2039    | CUSIP: 771902HJ5<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1568880.00   | 0.68%             | 2039-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN INDPT SCH DIST NO 709                   | MN DULEDU 4.2 03/01/2034  | CUSIP: 264474JJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $764025.00    | 0.33%             | 2034-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WEST ST PAUL MINN                                   | MN WSPHSG 5 11/01/2049    | CUSIP: 95568PAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1378875.00   | 0.60%             | 2049-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                    | MN MINSTD 5.25 08/01/2039 | CUSIP: 60379NBX3<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    675000 | PA      | $675337.50    | 0.29%             | 2039-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                           | PR PRCPWR 5.25 07/01/2027 | CUSIP: 74526QYY2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    650000 | PA      | $433875.00    | 0.19%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                       | MN STPHSG 4 11/01/2042    | CUSIP: 792908DG7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    700000 | PA      | $619381.00    | 0.27%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BETHEL MINN                                         | MN BETMED 5.5 12/01/2048  | CUSIP: 08675TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1265356.80   | 0.55%             | 2048-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCING CORP                | PR PRCGEN 5 07/01/2058    | CUSIP: 74529JPX7<br>LEI: 549300EIUFISISP8X671 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1079672.00   | 0.47%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAKOTA CNTY MINN CMNTY DEV AGY                      | MN DAKMFH 4.2 05/01/2043  | CUSIP: 23409VFP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $756982.50    | 0.33%             | 2043-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MINNESOTA AGRIC & ECONOMIC DEV BRD                  | MN MNSAGR 5.25 01/01/2047 | CUSIP: 6049203C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529965.00    | 0.23%             | 2047-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BETHEL MINN                                         | MN BETMED 6.12 03/01/2044 | CUSIP: 08675RAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1138159.00   | 0.49%             | 2044-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-23

**Name of Applicant:** Voyageur Mutual Funds

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

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