# EDGAR Filing Document

**Accession Number:** 0000787623
**File Stem:** 0001410368-25-007612
**Filing Date:** 2025-9
**Character Count:** 169224
**Document Hash:** 3bd4eb45bbed5e227ab60a0389be1586
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-007612.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0001410368-25-007612

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRANSAMERICA FUNDS
- **CENTRAL INDEX KEY:** 0000787623

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04556
- **FILM NUMBER:** 251328855

**BUSINESS ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 720-482-8836

**MAIL ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRANSAMERICA IDEX MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20040301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDEX MUTUAL FDS
- **DATE OF NAME CHANGE:** 20010504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDEX MUTUAL FUNDS /
- **DATE OF NAME CHANGE:** 20010423

## Series and Classes Contracts Data

### Transamerica High Yield Muni (Series ID: S000041702)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000129483 | A            | THAYX           |
| C000129484 | C            | THCYX           |
| C000129485 | I            | THYIX           |
| C000173652 | I2           | THYTX           |

## Nport-Ex

**Transamerica High Yield Muni**

------

**SCHEDULE OF INVESTMENTS**

**At July 31, 2025**

**(unaudited)**

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS - 90.7%**  | **MUNICIPAL GOVERNMENT OBLIGATIONS - 90.7%**  | **MUNICIPAL GOVERNMENT OBLIGATIONS - 90.7%**  |
| **Alabama - 1.6%**  | **Alabama - 1.6%**  | **Alabama - 1.6%**  |
| Alabama State University, Revenue Bonds, |  |  |
| BAM, |  |  |
| 5.00%, 09/01/2040 | $970000 | $979475 |
| Chilton County Health Care Authority, <br> Revenue Bonds, |  |  |
| Series A, |  |  |
| 4.00%, 11/01/2045 | 30000 | 26098 |
| City of Guin, General Obligation Unlimited, |  |  |
| Series B, BAM, |  |  |
| 4.00%, 06/01/2033 | 150000 | 150554 |
| 4.13%, 06/01/2035 | 290000 | 287564 |
| County of Perry, General Obligation <br> Unlimited, |  |  |
| Series B, |  |  |
| 7.38%, 12/01/2030 | 210000 | 210352 |
| Jacksonville Public Educational Building <br> Authority, Revenue Bonds, |  |  |
| Series A, BAM, |  |  |
| 5.25%, 08/01/2049 | 175000 | 176482 |
|  |  | 1830525 |
| **Arizona - 1.6%**  | **Arizona - 1.6%**  | **Arizona - 1.6%**  |
| Arizona Industrial Development Authority, <br> Revenue Bonds, |  |  |
| 5.00%, 07/01/2055 <sup>(A)</sup> <br>| 170000 | 140151 |
| Series A, |  |  |
| 5.00%, 07/01/2028 - 07/01/2045 | 1030000 | 996031 |
| Series B, |  |  |
| 5.00%, 07/01/2028 - 07/01/2033 | 105000 | 106205 |
| Industrial Development Authority of the City <br> of Phoenix Arizona, Revenue Bonds, |  |  |
| 4.63%, 07/01/2026 <sup>(A)</sup> <br>| 130000 | 130087 |
| Series A, |  |  |
| 5.00%, 07/01/2041 | 35000 | 34505 |
| Maricopa County Industrial Development <br> Authority, Revenue Bonds, |  |  |
| 5.00%, 07/01/2036 | 110000 | 108102 |
| Tempe Industrial Development Authority, <br> Revenue Bonds, |  |  |
| 5.00%, 12/01/2050 - 12/01/2054 | 425000 | 365174 |
| Series A, |  |  |
| 4.00%, 12/01/2038 | 25000 | 22455 |
|  |  | 1902710 |
| **California - 6.1%**  | **California - 6.1%**  | **California - 6.1%**  |
| Antelope Valley Community College <br> District, General Obligation Unlimited, |  |  |
| Series D, |  |  |
| Zero Coupon, 08/01/2038 | 775000 | 437464 |
| California Enterprise Development <br> Authority, Revenue Bonds, |  |  |
| 7.00%, 08/15/2025 <sup>(A)</sup> <br>| 500000 | 500034 |
| California Infrastructure & Economic <br> Development Bank, Revenue Bonds, |  |  |
| Series A, Fixed until 01/01/2029, |  |  |
| 9.50% <sup>(B)</sup>, 01/01/2065 <sup>(A)</sup> <br>| 4000000 | 3566579 |
| Series A-1, |  |  |
| 5.00%, 01/01/2056 <sup>(A)</sup> <br>| 130000 | 107484 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **California (continued)** | **California (continued)** | **California (continued)** |
| California Municipal Finance Authority, <br> Revenue Bonds, |  |  |
| 4.00%, 10/01/2046 | $25000 | $20629 |
| 5.50%, 06/01/2054 <sup>(A)</sup> <br>| 850000 | 757956 |
| Series A, |  |  |
| 4.00%, 10/01/2044 | 250000 | 211739 |
| California Public Finance Authority, <br> Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 06/15/2049 <sup>(A)</sup> <br>| 225000 | 199008 |
| California School Finance Authority, <br> Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.88%, 06/01/2053 <sup>(A)</sup> <br>| 700000 | 672766 |
| California Statewide Communities <br> Development Authority, Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.25%, 12/01/2034 - 12/01/2044 | 115000 | 111060 |
| 5.50%, 12/01/2054 - 12/01/2058 <sup>(A)</sup> <br>| 505000 | 488165 |
| California Statewide Financing Authority, <br> Revenue Bonds, |  |  |
| Series B, |  |  |
| 6.00%, 05/01/2037 | 30000 | 30648 |
|  |  | 7103532 |
| **Colorado - 15.6%**  | **Colorado - 15.6%**  | **Colorado - 15.6%**  |
| Access 25 Metropolitan District No. 2, <br> General Obligation Limited, |  |  |
| 6.75%, 12/01/2053 <sup>(A)</sup> <br>| 1000000 | 1012897 |
| Aerotropolis Regional Transportation <br> Authority, Revenue Bonds, |  |  |
| 5.75%, 12/01/2054 <sup>(A)</sup> <br>| 1000000 | 967256 |
| Brighton Crossing Metropolitan District No. <br> 6, General Obligation Limited, |  |  |
| 5.00%, 12/01/2035 | 525000 | 522709 |
| Canyons Metropolitan District No. 5, <br> General Obligation Limited, |  |  |
| Series B, |  |  |
| 6.50%, 12/15/2054 | 1000000 | 986928 |
| Clear Creek Transit Metropolitan District <br> No. 2, General Obligation Limited, |  |  |
| Series A, |  |  |
| 5.00%, 12/01/2041 - 12/01/2050 | 1000000 | 732484 |
| Colorado Educational & Cultural Facilities <br> Authority, Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 06/01/2054 | 300000 | 275875 |
| &nbsp;&nbsp; Colorado International Center Metropolitan <br> District No. 14, General Obligation <br>Limited, |  |  |
| 5.88%, 12/01/2046 | 1000000 | 952588 |
| Denver Health & Hospital Authority, <br> Revenue Bonds, |  |  |
| Series A, |  |  |
| 4.00%, 12/01/2037 | 25000 | 23180 |
| 5.25%, 12/01/2045 | 40000 | 40062 |

---

**Transamerica Funds**

**Page 1**

------

**Transamerica High Yield Muni**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **Colorado (continued)** | **Colorado (continued)** | **Colorado (continued)** |
| &nbsp;&nbsp; Denver International Business Center <br> Metropolitan District No. 1, General <br>Obligation Limited, |  |  |
| 6.00%, 12/01/2048 | $500000 | $500412 |
| Fiddlers Business Improvement District, <br> General Obligation Unlimited, |  |  |
| 5.55%, 12/01/2047 <sup>(A)</sup> <br>| 400000 | 393455 |
| Glen Metropolitan District No. 1, General <br> Obligation Limited, |  |  |
| BAM, |  |  |
| 2.00%, 12/01/2030 | 125000 | 111205 |
| Glen Metropolitan District No. 2, General <br> Obligation Limited, |  |  |
| Series A, BAM, |  |  |
| 2.00%, 12/01/2030 | 235000 | 222250 |
| Gold Hill North Business Improvement <br> District, General Obligation Limited, |  |  |
| Series A, |  |  |
| 5.60%, 12/01/2054 <sup>(A)</sup> <br>| 500000 | 461685 |
| Hogback Metropolitan District, General <br> Obligation Limited, |  |  |
| Series A, |  |  |
| 5.00%, 12/01/2051 | 1000000 | 881340 |
| Lafferty Canyon Metropolitan District, <br> General Obligation Limited, |  |  |
| Series A, |  |  |
| 5.63%, 12/01/2055 | 1500000 | 1412736 |
| Mirabelle Metropolitan District No. 2, <br> General Obligation Limited, |  |  |
| Series B, |  |  |
| 6.13%, 12/15/2049 | 500000 | 476488 |
| Palisade Metropolitan District No. 2, <br> Revenue Bonds, |  |  |
| Series B, |  |  |
| 0.00%, 12/15/2054 <sup>(A)</sup> <br>| 1500000 | 1388351 |
| Peak Metropolitan District No. 1, General <br> Obligation Limited, |  |  |
| Series A, |  |  |
| 5.00%, 12/01/2051 <sup>(A)</sup> <br>| 1150000 | 921295 |
| Peak Metropolitan District No. 3, General <br> Obligation Limited, |  |  |
| 7.50%, 12/01/2052 | 500000 | 492829 |
| St. Vrain Lakes Metropolitan District No. 4, <br> General Obligation Limited, |  |  |
| Series A, |  |  |
| 0.00%, 09/20/2054 <sup>(A)</sup> <br>| 2000000 | 1348949 |
| Transport Metropolitan District No. 3, <br> General Obligation Limited, |  |  |
| Series A-1, |  |  |
| 4.13%, 12/01/2031 | 500000 | 455055 |
| 5.00%, 12/01/2041 | 1365000 | 1118180 |
| Verve Metropolitan District No. 1, General <br> Obligation Limited, |  |  |
| 6.75%, 12/01/2052 | 1000000 | 1002617 |
| Series A, |  |  |
| 0.00%, 12/01/2054 | 1340000 | 953496 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **Colorado (continued)** | **Colorado (continued)** | **Colorado (continued)** |
| Westerly Metropolitan District No. 4, <br> General Obligation Limited, |  |  |
| Series A, |  |  |
| 5.00%, 12/01/2040 | $700000 | $659743 |
|  |  | 18314065 |
| **Connecticut - 0.5%**  | **Connecticut - 0.5%**  | **Connecticut - 0.5%**  |
| Connecticut State Health & Educational <br> Facilities Authority, Revenue Bonds, |  |  |
| Series K, |  |  |
| 4.00%, 07/01/2046 | 25000 | 21157 |
| Stamford Housing Authority, Revenue <br> Bonds, |  |  |
| Series 2025-D, |  |  |
| 6.25%, 10/01/2060 | 650000 | 612718 |
|  |  | 633875 |
| **Delaware - 2.3%**  | **Delaware - 2.3%**  | **Delaware - 2.3%**  |
| Delaware State Economic Development <br> Authority, Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 09/01/2046 | 550000 | 526138 |
| Series B, |  |  |
| 5.25%, 11/15/2053 | 1500000 | 1439188 |
| Town of Bridgeville, Special Tax, |  |  |
| 5.63%, 07/01/2053 <sup>(A)</sup> <br>| 745000 | 730794 |
|  |  | 2696120 |
| **District of Columbia - 1.9%**  | **District of Columbia - 1.9%**  | **District of Columbia - 1.9%**  |
| District of Columbia, Revenue Bonds, |  |  |
| 5.00%, 07/01/2049 - 07/01/2054 | 240000 | 223338 |
| Series A, |  |  |
| 5.00%, 07/01/2048 | 400000 | 375965 |
| Series B, |  |  |
| 5.00%, 07/01/2048 | 160000 | 150386 |
| District of Columbia, Tax Allocation, |  |  |
| Series B, |  |  |
| 0.00%, 06/01/2049 <sup>(A)</sup><sup>(C)</sup> <br>| 2500000 | 1446735 |
|  |  | 2196424 |
| **Florida - 6.7%**  | **Florida - 6.7%**  | **Florida - 6.7%**  |
| Capital Projects Finance Authority, <br> Revenue Bonds, |  |  |
| 6.63%, 06/15/2059 <sup>(A)</sup> <br>| 445000 | 446184 |
| Capital Trust Agency, Inc., Revenue <br> Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 01/01/2056 <sup>(A)</sup> <br>| 450000 | 366874 |
| City of Pompano Beach, Revenue Bonds, |  |  |
| 2.88%, 09/01/2026 | 40000 | 39592 |
| 3.25%, 09/01/2030 | 20000 | 19341 |
| County of Lake, Revenue Bonds, |  |  |
| 5.00%, 01/15/2039 - 01/15/2054 <sup>(A)</sup> <br>| 1475000 | 1307129 |
| Florida Development Finance Corp., <br> Revenue Bonds, |  |  |
| 4.00%, 07/01/2045 | 215000 | 175623 |
| 5.13%, 06/01/2040 <sup>(A)</sup> <br>| 390000 | 375523 |
| Series A, |  |  |

---

**Transamerica Funds**

**Page 2**

------

**Transamerica High Yield Muni**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **Florida (continued)** | **Florida (continued)** | **Florida (continued)** |
| &nbsp;&nbsp; Florida Development Finance Corp., <br> Revenue Bonds, (continued)<br>|  |  |
| 4.00%, 06/01/2030 - 06/15/2042 | $920000 | $862346 |
| 5.00%, 06/15/2029 - 06/01/2040 | 845000 | 759219 |
| Series A, Fixed until 08/11/2025, |  |  |
| 8.25% <sup>(B)</sup>, 07/01/2057 <sup>(A)</sup> <br>| 750000 | 637502 |
| 12.00% <sup>(B)</sup>, 07/15/2059 <sup>(A)</sup> <br>| 750000 | 450000 |
| Florida Housing Finance Corp., Revenue <br> Bonds, |  |  |
| Series 1, GNMA, FNMA, FHLMC, |  |  |
| 1.65%, 01/01/2033 | 255000 | 211118 |
| 2.00%, 07/01/2032 | 75000 | 66600 |
| Miami-Dade County Expressway Authority, <br> Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 07/01/2039 | 25000 | 25013 |
| Palm Beach County Health Facilities <br> Authority, Revenue Bonds, |  |  |
| 5.00%, 11/15/2032 | 100000 | 101086 |
| Series A, |  |  |
| 5.00%, 11/01/2029 - 11/01/2036 | 355000 | 378283 |
| Series A-2, |  |  |
| 5.00%, 11/01/2039 | 25000 | 25275 |
| Series B, |  |  |
| 4.00%, 11/15/2041 | 500000 | 442662 |
| 5.00%, 11/15/2042 | 50000 | 49067 |
| Pinellas County Educational Facilities <br> Authority, Revenue Bonds, |  |  |
| Series A, |  |  |
| 4.00%, 06/01/2046 <sup>(A)</sup> <br>| 500000 | 363631 |
| 5.00%, 06/01/2056 <sup>(A)</sup> <br>| 1000000 | 798647 |
|  |  | 7900715 |
| **Georgia - 4.5%**  | **Georgia - 4.5%**  | **Georgia - 4.5%**  |
| Atlanta Development Authority, Revenue <br> Bonds, |  |  |
| Series A-1, |  |  |
| 5.25%, 07/01/2044 | 1000000 | 999926 |
| Atlanta Development Authority, Tax <br> Allocation, |  |  |
| Series A, |  |  |
| 5.50%, 04/01/2039 <sup>(A)</sup> <br>| 750000 | 748116 |
| DeKalb County Development Authority, <br> Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 06/01/2040 - 06/01/2055 | 1485000 | 1364885 |
| Development Authority of Lagrange, <br> Revenue Bonds, |  |  |
| 5.00%, 10/15/2052 | 2710000 | 2156030 |
|  |  | 5268957 |
| **Idaho - 1.8%**  | **Idaho - 1.8%**  | **Idaho - 1.8%**  |
| Idaho Health Facilities Authority, Revenue <br> Bonds, |  |  |
| 3.50%, 09/01/2033 | 125000 | 110572 |
| Idaho Housing & Finance Association, <br> Revenue Bonds, |  |  |
| Series A, |  |  |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **Idaho (continued)** | **Idaho (continued)** | **Idaho (continued)** |
| &nbsp;&nbsp; Idaho Housing & Finance Association, <br> Revenue Bonds, (continued)<br>|  |  |
| 4.00%, 05/01/2035 | $315000 | $305184 |
| 6.00%, 07/01/2049 - 07/01/2054 <sup>(A)</sup> <br>| 1725000 | 1691515 |
|  |  | 2107271 |
| **Illinois - 2.2%**  | **Illinois - 2.2%**  | **Illinois - 2.2%**  |
| Chicago Board of Education, General <br> Obligation Unlimited, |  |  |
| Series A, AG-CR, |  |  |
| 5.00%, 12/01/2042 | 410000 | 396425 |
| City of Chicago, General Obligation <br> Unlimited, |  |  |
| 7.52%, 01/01/2040 | 135000 | 147965 |
| Series E, BAM, |  |  |
| 6.00%, 01/01/2043 | 1000000 | 1080922 |
| Illinois Finance Authority, Revenue Bonds, |  |  |
| 4.00%, 10/01/2050 | 15000 | 12119 |
| Series A, |  |  |
| 4.00%, 05/01/2040 | 100000 | 88739 |
| 5.00%, 11/01/2029 - 11/01/2031 | 65000 | 65892 |
| Northeastern Illinois University, Certificate <br> of Participation, |  |  |
| BAM-TCRS, |  |  |
| 4.00%, 10/01/2038 | 430000 | 364478 |
| State of Illinois, General Obligation <br> Unlimited, |  |  |
| 6.63%, 02/01/2035 | 19231 | 20203 |
| 7.35%, 07/01/2035 | 14285 | 15454 |
| Township of Antioch, General Obligation <br> Unlimited, |  |  |
| AG, |  |  |
| 5.00%, 12/30/2049 | 100000 | 98728 |
| Village of Oak Lawn, General Obligation <br> Unlimited, |  |  |
| Series A, |  |  |
| 3.35%, 12/01/2026 | 290000 | 289413 |
|  |  | 2580338 |
| **Indiana - 0.0% \*** | **Indiana - 0.0% \*** | **Indiana - 0.0% \*** |
| Indiana Finance Authority, Revenue Bonds, |  |  |
| Series B, |  |  |
| 3.00%, 11/01/2030 | 35000 | 34021 |
| **Iowa - 0.1%**  | **Iowa - 0.1%**  | **Iowa - 0.1%**  |
| Lake Panorama Improvement Zone, Tax <br> Allocation, |  |  |
| AG, |  |  |
| 5.85%, 06/01/2038 | 105000 | 111360 |
| **Kansas - 0.3%**  | **Kansas - 0.3%**  | **Kansas - 0.3%**  |
| University of Kansas Hospital Authority, <br> Revenue Bonds, |  |  |
| 5.00%, 09/01/2045 | 300000 | 293989 |
| Wyandotte County-Kansas City Unified <br> Government, Revenue Bonds, |  |  |
| NATL, |  |  |
| Zero Coupon, 12/01/2027 | 100000 | 91392 |
|  |  | 385381 |

---

**Transamerica Funds**

**Page 3**

------

**Transamerica High Yield Muni**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **Louisiana - 1.5%**  | **Louisiana - 1.5%**  | **Louisiana - 1.5%**  |
| Greater New Orleans Expressway <br> Commission, Revenue Bonds, |  |  |
| AG, |  |  |
| 5.00%, 11/01/2047 | $250000 | $250455 |
| &nbsp;&nbsp; Louisiana Local Government <br> Environmental Facilities & Community <br>Development Authority, Revenue Bonds, |  |  |
| 3.88%, 11/01/2045 <sup>(A)</sup> <br>| 1155000 | 946581 |
| Parish of St. James, Revenue Bonds, |  |  |
| Series 2, |  |  |
| 6.35%, 07/01/2040 <sup>(A)</sup> <br>| 500000 | 535593 |
|  |  | 1732629 |
| **Maryland - 0.1%**  | **Maryland - 0.1%**  | **Maryland - 0.1%**  |
| County of Baltimore, Revenue Bonds, |  |  |
| 4.00%, 01/01/2034 | 15000 | 15002 |
| Maryland Health & Higher Educational <br> Facilities Authority, Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.50%, 01/01/2046 | 125000 | 124454 |
|  |  | 139456 |
| **Massachusetts - 0.5%**  | **Massachusetts - 0.5%**  | **Massachusetts - 0.5%**  |
| Massachusetts Development Finance <br> Agency, Revenue Bonds, |  |  |
| 4.00%, 07/01/2041 | 15000 | 13199 |
| 5.00%, 10/01/2049 | 325000 | 303153 |
| Series E, |  |  |
| 4.00%, 07/01/2038 | 130000 | 121822 |
| 5.00%, 07/01/2036 | 100000 | 101010 |
| Series G, |  |  |
| 5.25%, 07/01/2048 | 25000 | 24289 |
| Series L, |  |  |
| 4.00%, 07/01/2044 | 25000 | 21017 |
|  |  | 584490 |
| **Michigan - 0.7%**  | **Michigan - 0.7%**  | **Michigan - 0.7%**  |
| City of Trenton, General Obligation <br> Unlimited, |  |  |
| BAM, |  |  |
| 5.00%, 04/01/2045 | 400000 | 402778 |
| Michigan Tobacco Settlement Finance <br> Authority, Revenue Bonds, |  |  |
| Series C, |  |  |
| Zero Coupon, 06/01/2058 | 17500000 | 457468 |
|  |  | 860246 |
| **Minnesota - 2.0%**  | **Minnesota - 2.0%**  | **Minnesota - 2.0%**  |
| City of Apple Valley, Revenue Bonds, |  |  |
| Series A-2, |  |  |
| 5.50%, 09/01/2055 | 600000 | 573324 |
| 5.63%, 09/01/2065 | 1000000 | 955770 |
| City of Woodbury, Revenue Bonds, |  |  |
| 4.00%, 07/01/2056 | 315000 | 219042 |
| County of Carlton, General Obligation <br> Unlimited, |  |  |
| 3.00%, 02/01/2027 | 20000 | 20053 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **Minnesota (continued)** | **Minnesota (continued)** | **Minnesota (continued)** |
| County of Renville, General Obligation <br> Unlimited, |  |  |
| Series B, |  |  |
| 5.00%, 02/01/2029 | $25000 | $25681 |
| Duluth Economic Development Authority, <br> Revenue Bonds, |  |  |
| 4.00%, 07/01/2041 | 635000 | 508181 |
|  |  | 2302051 |
| **Mississippi - 0.2%**  | **Mississippi - 0.2%**  | **Mississippi - 0.2%**  |
| Mississippi Development Bank, Revenue <br> Bonds, |  |  |
| Series A, |  |  |
| 3.25%, 03/01/2036 | 315000 | 236508 |
| **Missouri - 0.5%**  | **Missouri - 0.5%**  | **Missouri - 0.5%**  |
| Health & Educational Facilities Authority of <br> the State of Missouri, Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 02/01/2029 | 100000 | 102786 |
| 5.25%, 02/01/2054 | 500000 | 468009 |
|  |  | 570795 |
| **Nebraska - 0.8%**  | **Nebraska - 0.8%**  | **Nebraska - 0.8%**  |
| City of Blair Water System Revenue, <br> Revenue Bonds, |  |  |
| 6.10%, 05/15/2027 | 1000000 | 1000226 |
| **Nevada - 0.4%**  | **Nevada - 0.4%**  | **Nevada - 0.4%**  |
| Carson City, Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 09/01/2037 | 55000 | 54741 |
| State of Nevada Department of Business & <br> Industry, Revenue Bonds, |  |  |
| Series 2025-A, Fixed until 01/01/2029, |  |  |
| 9.50% <sup>(B)</sup>, 01/01/2065 <sup>(A)</sup> <br>| 500000 | 433839 |
|  |  | 488580 |
| **New Hampshire - 1.5%**  | **New Hampshire - 1.5%**  | **New Hampshire - 1.5%**  |
| New Hampshire Business Finance <br> Authority, Revenue Bonds, |  |  |
| Zero Coupon, 12/01/2031 <sup>(A)</sup> <br>| 2500000 | 1705908 |
| **New Jersey - 1.2%**  | **New Jersey - 1.2%**  | **New Jersey - 1.2%**  |
| Essex County Improvement Authority, <br> Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 12/01/2035 <sup>(D)</sup><sup>(E)</sup> <br>| 500000 | 225000 |
| 5.13%, 12/01/2045 <sup>(D)</sup><sup>(E)</sup> <br>| 30000 | 13500 |
| New Jersey Economic Development <br> Authority, Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.13%, 09/01/2052 <sup>(A)</sup> <br>| 760000 | 697136 |
| New Jersey Health Care Facilities <br> Financing Authority, Revenue Bonds, |  |  |
| Series A, AG, |  |  |
| 5.00%, 07/01/2046 | 180000 | 176044 |

---

**Transamerica Funds**

**Page 4**

------

**Transamerica High Yield Muni**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **New Jersey (continued)** | **New Jersey (continued)** | **New Jersey (continued)** |
| Passaic County Improvement Authority, <br> Revenue Bonds, |  |  |
| 5.00%, 07/01/2044 | $315000 | $301292 |
|  |  | 1412972 |
| **New Mexico - 0.5%**  | **New Mexico - 0.5%**  | **New Mexico - 0.5%**  |
| Village of Los Ranchos de Albuquerque, <br> Revenue Bonds, |  |  |
| 4.00%, 09/01/2040 | 625000 | 573483 |
| **New York - 1.3%**  | **New York - 1.3%**  | **New York - 1.3%**  |
| Brookhaven Local Development Corp., <br> Revenue Bonds, |  |  |
| 5.25%, 11/01/2029 | 30000 | 30626 |
| Buffalo & Erie County Industrial Land <br> Development Corp., Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 08/01/2052 | 190000 | 169425 |
| Build NYC Resource Corp., Revenue <br> Bonds, |  |  |
| Series A, |  |  |
| 4.00%, 06/15/2056 <sup>(A)</sup> <br>| 350000 | 251227 |
| City of Ithaca, General Obligation Limited, |  |  |
| 3.00%, 02/15/2034 | 25000 | 22471 |
| 3.13%, 02/15/2045 | 20000 | 13576 |
| New York City Industrial Development <br> Agency, Revenue Bonds, |  |  |
| FGIC, CPI-YoY + 0.89%, |  |  |
| 3.25% <sup>(B)</sup>, 03/01/2027 | 20000 | 19875 |
| Oneida Indian Nation of New York, <br> Revenue Bonds, |  |  |
| Series B, |  |  |
| 6.00%, 09/01/2043 <sup>(A)</sup> <br>| 725000 | 757701 |
| Village of Brewster, General Obligation <br> Unlimited, |  |  |
| 5.00%, 05/01/2033 | 50000 | 52815 |
| Yonkers Economic Development Corp., <br> Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 10/15/2054 | 215000 | 188336 |
|  |  | 1506052 |
| **North Carolina - 0.7%**  | **North Carolina - 0.7%**  | **North Carolina - 0.7%**  |
| North Carolina Medical Care Commission, <br> Revenue Bonds, |  |  |
| Series C, |  |  |
| 3.00%, 10/01/2036 | 25000 | 21428 |
| 5.00%, 10/01/2031 - 10/01/2036 | 825000 | 828320 |
|  |  | 849748 |
| **North Dakota - 2.4%**  | **North Dakota - 2.4%**  | **North Dakota - 2.4%**  |
| City of Grand Forks, Revenue Bonds, |  |  |
| 4.00%, 12/01/2035 - 12/01/2051 | 1425000 | 1288121 |
| Series A, |  |  |
| 4.00%, 12/01/2047 | 395000 | 322424 |
| 5.00%, 12/01/2037 - 12/01/2048 | 465000 | 460052 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **North Dakota (continued)** | **North Dakota (continued)** | **North Dakota (continued)** |
| City of Horace, General Obligation <br> Unlimited, |  |  |
| Series C, |  |  |
| 5.00%, 05/01/2050 | $750000 | $698732 |
|  |  | 2769329 |
| **Ohio - 6.0%**  | **Ohio - 6.0%**  | **Ohio - 6.0%**  |
| Buckeye Tobacco Settlement Financing <br> Authority, Revenue Bonds, |  |  |
| Series B-3, Class 2, |  |  |
| Zero Coupon, 06/01/2057 | 13000000 | 1136810 |
| City of Cleveland, Revenue Bonds, |  |  |
| 5.38%, 09/15/2027 <sup>(C)</sup> <br>| 20000 | 20012 |
| City of Norwood, Tax Allocation, |  |  |
| 5.00%, 12/01/2041 | 500000 | 484428 |
| Columbus-Franklin County Finance <br> Authority, Revenue Bonds, |  |  |
| Series 2019-E, |  |  |
| 4.00%, 05/15/2049 | 740000 | 634037 |
| Dayton-Montgomery County Port Authority, <br> Revenue Bonds, |  |  |
| 5.00%, 12/01/2054 | 545000 | 503824 |
| Ohio Air Quality Development Authority, <br> Revenue Bonds, |  |  |
| 2.88%, 02/01/2026 | 145000 | 144078 |
| Series A, |  |  |
| 3.25%, 09/01/2029 | 20000 | 19711 |
| State of Ohio, Revenue Bonds, |  |  |
| 5.00%, 11/15/2034 | 35000 | 36289 |
| Warren County Port Authority, Revenue <br> Bonds, |  |  |
| Series A, |  |  |
| 6.70%, 12/01/2056 | 600000 | 634637 |
| 6.75%, 12/01/2056 | 1540000 | 1662840 |
| Series C, |  |  |
| 3.00%, 12/01/2031 | 800000 | 744214 |
| Series D-1, |  |  |
| 3.00%, 12/01/2030 | 525000 | 498795 |
| Series H, |  |  |
| 4.00%, 12/01/2041 | 570000 | 505565 |
|  |  | 7025240 |
| **Oklahoma - 0.3%**  | **Oklahoma - 0.3%**  | **Oklahoma - 0.3%**  |
| Delaware County Educational Facilities <br> Authority, Revenue Bonds, |  |  |
| 4.63%, 09/01/2036 | 120000 | 117292 |
| Oklahoma Development Finance Authority, <br> Revenue Bonds, |  |  |
| Series B, |  |  |
| 5.50%, 08/15/2057 | 50000 | 47034 |
| Payne County Economic Development <br> Authority, Revenue Bonds, |  |  |
| 4.00%, 09/01/2030 | 155000 | 152778 |
|  |  | 317104 |

---

**Transamerica Funds**

**Page 5**

------

**Transamerica High Yield Muni**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **Oregon - 0.5%**  | **Oregon - 0.5%**  | **Oregon - 0.5%**  |
| Salem Hospital Facility Authority, Revenue <br> Bonds, |  |  |
| 4.00%, 05/15/2057 | $740000 | $535511 |
| **Pennsylvania - 3.1%**  | **Pennsylvania - 3.1%**  | **Pennsylvania - 3.1%**  |
| &nbsp;&nbsp; Allentown Neighborhood Improvement <br> Zone Development Authority, Revenue <br>Bonds, |  |  |
| Series A, |  |  |
| 5.25%, 05/01/2042 <sup>(A)</sup><sup>(C)</sup> <br>| 1000000 | 957771 |
| Berks County Industrial Development <br> Authority, Revenue Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 05/15/2037 | 125000 | 125270 |
| Council Rock School District, General <br> Obligation Limited, |  |  |
| Series A, |  |  |
| 3.00%, 11/15/2033 | 75000 | 70008 |
| Cumberland County Municipal Authority, <br> Revenue Bonds, |  |  |
| 4.00%, 01/01/2033 | 10000 | 9547 |
| 5.00%, 01/01/2039 - 01/01/2045 | 520000 | 449113 |
| Lancaster Municipal Authority, Revenue <br> Bonds, |  |  |
| Series A, |  |  |
| 5.00%, 05/01/2026 | 95000 | 96063 |
| Montgomery County Industrial <br> Development Authority, Revenue Bonds, |  |  |
| 5.00%, 11/15/2036 | 100000 | 100619 |
| Series A, |  |  |
| 4.00%, 10/01/2041 | 150000 | 128983 |
| Pennsylvania Economic Development <br> Financing Authority, Revenue Bonds, |  |  |
| 4.00%, 07/01/2046 | 2000000 | 1636206 |
| 4.13%, 12/31/2038 | 55000 | 49919 |
|  |  | 3623499 |
| **South Carolina - 0.2%**  | **South Carolina - 0.2%**  | **South Carolina - 0.2%**  |
| South Carolina Jobs-Economic <br> Development Authority, Revenue Bonds, |  |  |
| 5.00%, 10/01/2026 <sup>(A)</sup> <br>| 235000 | 235274 |
| **Tennessee - 0.9%**  | **Tennessee - 0.9%**  | **Tennessee - 0.9%**  |
| Knox County Health Educational & <br> Housing Facility Board, Revenue Bonds, |  |  |
| Series A-1, BAM, |  |  |
| 5.50%, 07/01/2059 | 1020000 | 1035410 |
| **Texas - 3.7%**  | **Texas - 3.7%**  | **Texas - 3.7%**  |
| City of Aubrey, Special Assessment, |  |  |
| BAM, |  |  |
| 5.00%, 09/01/2045 | 55000 | 54977 |
| City of Rowlett, Special Assessment, |  |  |
| 4.13%, 09/15/2041 <sup>(A)</sup> <br>| 448000 | 374689 |
| 4.25%, 09/15/2051 <sup>(A)</sup> <br>| 514000 | 405752 |
| Harris County Municipal Utility District No. <br> 165, General Obligation Unlimited, |  |  |
| 3.10%, 03/01/2034 | 50000 | 44770 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **Texas (continued)** | **Texas (continued)** | **Texas (continued)** |
| Harris County Municipal Utility District No. <br> 358, General Obligation Unlimited, |  |  |
| 5.00%, 11/01/2035 | $960000 | $960223 |
| Harris County Municipal Utility District No. <br> 531, General Obligation Unlimited, |  |  |
| BAM, |  |  |
| 2.00%, 09/01/2036 | 30000 | 22396 |
| Lower Kirby Pearland Management <br> District, General Obligation Unlimited, |  |  |
| 3.00%, 09/01/2034 | 25000 | 21130 |
| New Hope Cultural Education Facilities <br> Finance Corp., Revenue Bonds, |  |  |
| 4.00%, 01/01/2029 | 245000 | 237609 |
| 5.00%, 01/01/2047 - 01/01/2055 | 1000000 | 826432 |
| Tarrant County Cultural Education Facilities <br> Finance Corp., Revenue Bonds, |  |  |
| 5.00%, 10/01/2049 | 500000 | 465128 |
| Van Alstyne Economic Development Corp., <br> Revenue Bonds, |  |  |
| 4.00%, 08/15/2031 | 240000 | 228559 |
| Verandah Municipal Utility District, General <br> Obligation Unlimited, |  |  |
| AG, |  |  |
| 75.00%, 09/01/2028 | 80000 | 232594 |
| 99.00%, 09/01/2025 - 09/01/2027 | 215000 | 414071 |
|  |  | 4288330 |
| **U.S. Virgin Islands - 0.2%**  | **U.S. Virgin Islands - 0.2%**  | **U.S. Virgin Islands - 0.2%**  |
| Virgin Islands Public Finance Authority, <br> Revenue Bonds, |  |  |
| Series C, AG-CR, |  |  |
| 5.00%, 10/01/2042 <sup>(C)</sup> <br>| 210000 | 210496 |
| Virgin Islands Water & Power Authority - <br> Electric System, Revenue Bonds, |  |  |
| Series 2010-C, AG, |  |  |
| 6.85%, 07/01/2035 | 60000 | 63257 |
|  |  | 273753 |
| **Utah - 4.5%**  | **Utah - 4.5%**  | **Utah - 4.5%**  |
| &nbsp;&nbsp; Downtown East Streetcar Sewer Public <br> Infrastructure District, General Obligation <br>Limited, |  |  |
| 6.00%, 03/01/2053 <sup>(A)</sup> <br>| 1500000 | 1412325 |
| Mida Mountain Village Public Infrastructure <br> District, Tax Allocation, |  |  |
| Series 1, |  |  |
| 5.13%, 06/15/2054 <sup>(A)</sup> <br>| 1500000 | 1374023 |
| Series 2, |  |  |
| 6.00%, 06/15/2054 <sup>(A)</sup> <br>| 1500000 | 1493274 |
| Olympia Public Infrastructure District No. 1, <br> General Obligation Limited, |  |  |
| Series A-1, |  |  |
| 6.38%, 03/01/2055 <sup>(A)</sup> <br>| 1000000 | 994873 |
| Utah Charter School Finance Authority, <br> Revenue Bonds, |  |  |
| 4.00%, 04/15/2047 | 25000 | 20365 |
|  |  | 5294860 |

---

**Transamerica Funds**

**Page 6**

------

**Transamerica High Yield Muni**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **Virginia - 1.3%**  | **Virginia - 1.3%**  | **Virginia - 1.3%**  |
| City of Chesapeake Expressway Toll Road <br> Revenue, Revenue Bonds, |  |  |
| Series B, |  |  |
| 4.75% <sup>(B)</sup>, 07/15/2032 | $15000 | $15489 |
| James City County Economic <br> Development Authority, Revenue Bonds, |  |  |
| Series A, |  |  |
| 6.88%, 12/01/2058 | 1500000 | 1565525 |
|  |  | 1581014 |
| **Washington - 2.0%**  | **Washington - 2.0%**  | **Washington - 2.0%**  |
| Washington Health Care Facilities <br> Authority, Revenue Bonds, |  |  |
| Series A-1, |  |  |
| 4.00%, 08/01/2044 | 230000 | 198239 |
| Washington State Housing Finance <br> Commission, Revenue Bonds, |  |  |
| 4.50%, 07/01/2055 | 340000 | 289351 |
| 5.00%, 07/01/2045 | 500000 | 493067 |
| 6.38%, 07/01/2063 <sup>(A)</sup> <br>| 1245000 | 1318685 |
|  |  | 2299342 |
| **Wisconsin - 8.5%**  | **Wisconsin - 8.5%**  | **Wisconsin - 8.5%**  |
| Public Finance Authority, Revenue Bonds, |  |  |
| Zero Coupon, 12/15/2034 - 12/15/2037 <sup>(A)</sup> <br>| 2500000 | 1359050 |
| 5.00%, 12/15/2036 <sup>(A)</sup> <br>| 999551 | 982572 |
| 6.38%, 07/01/2043 <sup>(A)</sup> <br>| 230000 | 234739 |
| 6.63%, 07/01/2053 <sup>(A)</sup> <br>| 500000 | 510123 |
| 6.75%, 07/01/2058 <sup>(A)</sup> <br>| 520000 | 532313 |
| Series 2025-A, |  |  |
| 5.25%, 06/15/2055 | 500000 | 487212 |
| Series A, |  |  |
| 4.00%, 07/01/2051 | 110000 | 83657 |
| 4.25%, 12/01/2051 <sup>(A)</sup> <br>| 1500000 | 1112864 |
| 5.25%, 06/15/2054 | 1000000 | 937567 |
| 6.75%, 06/01/2062 <sup>(A)</sup> <br>| 650000 | 598772 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** | **MUNICIPAL GOVERNMENT OBLIGATIONS (continued)** |
| **Wisconsin (continued)** | **Wisconsin (continued)** | **Wisconsin (continued)** |
| Public Finance Authority, Tax Allocation, |  |  |
| 5.00%, 08/01/2039 | $500000 | $483047 |
| Wisconsin Health & Educational Facilities <br> Authority, Revenue Bonds, |  |  |
| 3.00%, 12/01/2031 | 100000 | 84433 |
| 4.00%, 12/01/2041 - 12/01/2056 | 1735000 | 1120961 |
| 5.75%, 08/15/2059 | 500000 | 494517 |
| 6.13%, 10/01/2059 | 945000 | 942321 |
|  |  | 9964148 |
| &nbsp;&nbsp; **Total Municipal Government Obligations** <br>**(Cost $116,239,676)**<br>|  | 106271252 |
| **CORPORATE DEBT SECURITY - 0.1%**  | **CORPORATE DEBT SECURITY - 0.1%**  | **CORPORATE DEBT SECURITY - 0.1%**  |
| **Commercial Services & Supplies - 0.1%**  | **Commercial Services & Supplies - 0.1%**  | **Commercial Services & Supplies - 0.1%**  |
| Wildflower Improvement Association |  |  |
| 6.63%, 03/01/2031 <sup>(A)</sup><sup>(C)</sup> <br>| 125333 | 122540 |
| &nbsp;&nbsp; **Total Corporate Debt Security** <br>**(Cost $123,891)**<br>|  | 122540 |
| **REPURCHASE AGREEMENT - 6.7%**  | **REPURCHASE AGREEMENT - 6.7%**  | **REPURCHASE AGREEMENT - 6.7%**  |
| &nbsp;&nbsp; Fixed Income Clearing Corp., <br>1.80% <sup>(F)</sup>, dated 07/31/2025, to be <br> repurchased at $7,799,886 on 08/01/2025. <br> Collateralized by a U.S. Government <br> Obligation, 3.75% due 04/30/2027, and with <br> a value of $7,955,684.<br>| 7799496 | 7799496 |
| &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $7,799,496)** | &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $7,799,496)** | 7799496 |
| &nbsp;&nbsp; **Total Investments** <br>**(Cost $124,163,063)** | &nbsp;&nbsp; **Total Investments** <br>**(Cost $124,163,063)** | 114193288 |
| **Net Other Assets (Liabilities) - 2.5%** | **Net Other Assets (Liabilities) - 2.5%** | 2916123 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **$117109411** |

---

**INVESTMENT VALUATION:**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** <sup>(G)</sup> <br>|  |  |  |  |
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2 -** <br>**Other Significant** <br>**Observable Inputs**<br>| **Level 3 -** <br>**Significant** <br>**Unobservable Inputs**<br>| **Value** |
| **ASSETS** |  |  |  |  |
| **Investments** |  |  |  |  |
| Municipal Government Obligations | $— | &nbsp;&nbsp; $106271252 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $106271252 |
| Corporate Debt Security |  | &nbsp;&nbsp; 122540 | &nbsp;&nbsp; — | &nbsp;&nbsp; 122540 |
| Repurchase Agreement |  | &nbsp;&nbsp; 7799496 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7799496 |
| **Total Investments** | **$—** | &nbsp;&nbsp; **$114193288** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$114193288** |

---

**FOOTNOTES TO SCHEDULE OF INVESTMENTS:** 

\* *Percentage rounds to less than 0.1% or (0.1)%.*

<sup>(A)</sup> *Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from* *registration, normally to qualified institutional buyers. At July 31, 2025, the total value of 144A securities is $41,321,596, representing 35.3% of the* *Fund's net assets.* 

**Transamerica Funds**

**Page 7**

------

**Transamerica High Yield Muni**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

**FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):**

<sup>(B)</sup> *Floating or variable rate security. The rate disclosed is as of July 31, 2025. For securities based on a published reference rate and spread, the reference* *rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where* *applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are* *based on current market conditions; these securities do not indicate a reference rate and spread in the description.* 

<sup>(C)</sup> *Restricted security. At July 31, 2025, the total value of such securities held by the Fund is as follows:*

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments** | **Description** | &nbsp;&nbsp; **Acquisition** <br>**Date**<br>| **Acquisition** <br>**Cost**<br>| **Value** | **Value as** <br>**Percentage of** <br>**Net Assets**<br>|
| Municipal Government Obligations | &nbsp;&nbsp;&nbsp; Allentown Neighborhood <br> Improvement Zone <br> Development Authority <br>Revenue Bonds, Series A <br>5.25%, 05/01/2042<br>| 07/12/2024 | &nbsp;&nbsp; $989670 | &nbsp;&nbsp; $957771 | 0.8<br> %<br>|
| Municipal Government Obligations | &nbsp;&nbsp;&nbsp; City of Cleveland <br>Revenue Bonds <br>5.38%, 09/15/2027<br>| 07/27/2015 | &nbsp;&nbsp; 20062 | &nbsp;&nbsp; 20012 | 0.0<br> %\*<br>|
| Municipal Government Obligations | &nbsp;&nbsp;&nbsp; District of Columbia <br>Tax Allocation, Series B <br>Zero Coupon, 06/01/2049<br>| 05/01/2024 | &nbsp;&nbsp; 1302435 | &nbsp;&nbsp; 1446735 | 1.3 |
| Municipal Government Obligations | &nbsp;&nbsp;&nbsp; Virgin Islands Public Finance <br> Authority <br>Revenue Bonds, Series C, <br> AG-CR <br>5.00%, 10/01/2042<br>| 06/03/2024 | &nbsp;&nbsp; 210010 | &nbsp;&nbsp; 210496 | 0.2 |
| Corporate Debt Securities | &nbsp;&nbsp;&nbsp; Wildflower Improvement <br> Association <br>6.63%, 03/01/2031<br>| 12/10/2020 | &nbsp;&nbsp; 123045 | &nbsp;&nbsp; 122540 | 0.1 |
|  |  |  | &nbsp;&nbsp; **$2645222** | &nbsp;&nbsp; **$2757554** | **2.4%**<br>|

---

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

<sup>(D)</sup> *Security in default; no interest payments received and/or dividends declared during the last 12 months. At July 31, 2025, the value of this security is* *$238,500, representing 0.2% of the Fund's net assets.* 

<sup>(E)</sup> *Non-income producing security.*

<sup>(F)</sup> *Rate disclosed reflects the yield at July 31, 2025.*

<sup>(G)</sup> *There were no transfers in or out of Level 3 during the period ended July 31, 2025. Please reference the Investment Valuation section of the Notes to* *Schedule of Investments for more information regarding investment valuation and pricing inputs.* 

**PORTFOLIO ABBREVIATION(S):** 

*CPI-YoY* *Consumer Price Index- Year Over Year* <br> *CR* *Custodial Receipts*

**MUNICIPAL INSURER ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *AG* | *Assured Guaranty, Inc.* |
| *BAM* | *Build America Mutual Assurance Co.* |
| *FGIC* | *Financial Guaranty Insurance Co.* |
| *FHLMC* | *Federal Home Loan Mortgage Corp.* |
| *FNMA* | *Federal National Mortgage Association* |
| *GNMA* | *Government National Mortgage Association* |
| *NATL* | *National Public Finance Guarantee Corp.* |
| *TCRS* | *Temporary Custodian Receipts* |

---

**Transamerica Funds**

**Page 8**

------

**Transamerica High Yield Muni**

------

**NOTES TO SCHEDULE OF INVESTMENTS**

**At July 31, 2025**

**(unaudited)**

**INVESTMENT VALUATION**

Transamerica High Yield Muni (the "Fund") is a series of the Transamerica Funds.

Transamerica Asset Management, Inc. ("TAM") has been designated as the Fund's valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, with responsibility for fair valuation subject to oversight by the Fund's Board of Trustees. The net asset value of the Fund is computed as of the official close of the New York Stock Exchange ("NYSE") each day the NYSE is open for business.

TAM utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels ("Levels") of inputs of the fair value hierarchy are defined as follows:

Level 1—Unadjusted quoted prices in active markets for identical securities.

Level 2—Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

Level 3—Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include TAM's own assumptions used in determining the fair value of the Fund's investments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value per share, or its equivalent, using the "practical expedient" have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund's investments at July 31, 2025, is disclosed within the Investment Valuation section of the Schedule of Investments.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.

**Fair value measurements:** Descriptions of the valuation techniques applied to the Fund's significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

*Corporate debt securities:* The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

*Municipal government obligations:* The fair value of municipal government obligations and variable rate notes is estimated based on models that consider, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the liquidity of the bond, state of issuance, benchmark yield curves, and bond or note insurance. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.

*Repurchase agreements:* Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.

**Transamerica Funds**

**Page 9**

------

**Transamerica High Yield Muni**

------

**NOTES TO SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

*Restricted securities:* Restricted securities for which quotations are not readily available are valued at fair value. Restricted securities issued by publicly traded companies are generally valued at a discount to similar publicly traded securities. Restricted securities issued by nonpublic entities may be valued by reference to comparable public entities and/or fundamental data relating to the issuer. Depending on the relative significance of observable valuation inputs, these instruments may be classified in either Level 2 or Level 3 of the fair value hierarchy.

**Transamerica Funds**

**Page 10**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TRANSAMERICA FUNDS

- **b. Investment Company Act file number:** 811-04556

- **c. CIK number of Registrant:** 0000787623

- **d. LEI of Registrant:** 54930088ZHZE1VMYEY52

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

  - **Street Address 1:** 1801 CALIFORNIA STREET

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202

  - **Telephone number:** 720-493-4256

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

- **a. Name of Series:** Transamerica High Yield Muni

- **b. EDGAR series identifier (if any):** S000041702

- **c. LEI of Series:** 549300H8CX4WZJ4K3W44

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $117513839.32

**Total Liabilities:** $555109.37

**Net Assets:** $116958729.95

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -95.12000000 | **1-Year:** -1335.87000000 | **5-Year:** -5865.62000000 | **10-Year:** -15602.78000000 | **30-Year:** -5803.06000000

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

- **3-Month:** -128.04000000 | **1-Year:** -2985.75000000 | **5-Year:** -11232.67000000 | **10-Year:** -26044.87000000 | **30-Year:** -14617.15000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000129483 | -0.10%               | 0.38%                | -1.18%               |
| Class ID C000173652 | -0.08%               | 0.40%                | -1.26%               |
| Class ID C000129484 | -0.15%               | 0.33%                | -1.33%               |
| Class ID C000129485 | -0.09%               | 0.40%                | -1.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $32709.92                | $-536980.79                                |
| Month 2  | $-18154.47               | $53226.15                                  |
| Month 3  | $29324.44                | $-1977604.98                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Clear Creek Transit Metropolitan District No 2                                   | Clear Creek Transit Metropolitan District No. 2                                       | CUSIP: 184542AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $350934.90    | 0.30%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | Palm Beach County Health Facilities Authority                                         | CUSIP: 69651ABZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25275.37     | 0.02%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority                                | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    460000 | PA      | $444796.40    | 0.38%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Payne County Economic Development Authority                                      | Payne County Economic Development Authority                                           | CUSIP: 70438LAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $152778.09    | 0.13%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | Atlanta Development Authority                                                         | CUSIP: 04780NJL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999925.50    | 0.85%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Rowlett TX                                                               | City of Rowlett                                                                       | CUSIP: 779719AK9<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    448000 | PA      | $374689.50    | 0.32%             | 2041-09-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 358                                  | Harris County Municipal Utility District No. 358                                      | CUSIP: 41422FCW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $960222.91    | 0.82%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 744396HN5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    650000 | PA      | $598772.46    | 0.51%             | 2062-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Hogback Metropolitan District                                                    | Hogback Metropolitan District                                                         | CUSIP: 434610AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $881339.90    | 0.75%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio                                                                         | CUSIP: 67756CEV6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36289.42     | 0.03%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 74442PL86<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    999550 | PA      | $982571.83    | 0.84%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia                                                                  | CUSIP: 25483VTT1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    160000 | PA      | $150385.92    | 0.13%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | Florida Development Finance Corp.                                                     | CUSIP: 34061UKK3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    220000 | PA      | $186717.10    | 0.16%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                                | Salem Hospital Facility Authority                                                     | CUSIP: 794458GL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $535511.21    | 0.46%             | 2057-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | Idaho Health Facilities Authority                                                     | CUSIP: 451295YS2<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    125000 | PA      | $110571.79    | 0.09%             | 2033-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 74442PL45<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $862718.70    | 0.74%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority                                                            | CUSIP: 45204EBB3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15210.31     | 0.01%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 74439YFV8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $487211.75    | 0.42%             | 2055-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Village of Los Ranchos de Albuquerque NM                                         | Village of Los Ranchos de Albuquerque                                                 | CUSIP: 545610BG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $573483.50    | 0.49%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glen Metropolitan District No 2                                                  | Glen Metropolitan District No. 2                                                      | CUSIP: 37767PAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $222249.51    | 0.19%             | 2030-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | Mississippi Development Bank                                                          | CUSIP: 60534TLQ6<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    315000 | PA      | $236508.36    | 0.20%             | 2036-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Verandah Municipal Utility District                                              | Verandah Municipal Utility District                                                   | CUSIP: 92336LNP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80260.11     | 0.07%             | 2025-09-01      | Fixed         | 99.00%                | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | California School Finance Authority                                                   | CUSIP: 13058TSB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $672766.43    | 0.58%             | 2053-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority                                              | CUSIP: 04052BPW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62403.94     | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | Stamford Housing Authority                                                            | CUSIP: 852640AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $612717.56    | 0.52%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Access 25 Metropolitan District No 2                                             | Access 25 Metropolitan District No. 2                                                 | CUSIP: 00440NAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012896.40   | 0.87%             | 2053-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority                                              | CUSIP: 04052BLZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $140150.65    | 0.12%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown East Streetcar Sewer Public Infrastructure District                     | Downtown East Streetcar Sewer Public Infrastructure District                          | CUSIP: 261151AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1412324.55   | 1.21%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                                               | Essex County Improvement Authority                                                    | CUSIP: 29680PEH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $13500.00     | 0.01%             | 2045-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority                                 | CUSIP: 70869PHW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $49918.63     | 0.04%             | 2038-12-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Greater New Orleans Expressway Commission                                        | Greater New Orleans Expressway Commission                                             | CUSIP: 39225PAU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250454.80    | 0.21%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority                                                            | CUSIP: 452031AQ0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     15000 | PA      | $12119.35     | 0.01%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Transport Metropolitan District No 3                                             | Transport Metropolitan District No. 3                                                 | CUSIP: 89386FAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1118180.15   | 0.96%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | Palm Beach County Health Facilities Authority                                         | CUSIP: 69650MAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $442661.75    | 0.38%             | 2041-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Perry AL                                                               | County of Perry                                                                       | CUSIP: 714466CX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210352.28    | 0.18%             | 2030-12-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| City of Pompano Beach FL                                                         | City of Pompano Beach                                                                 | CUSIP: 732203AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39592.38     | 0.03%             | 2026-09-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | Palm Beach County Health Facilities Authority                                         | CUSIP: 69651ABT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $100469.75    | 0.09%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority                                              | CUSIP: 04052BQQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25164.28     | 0.02%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                            | Duluth Economic Development Authority                                                 | CUSIP: 26444VAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $508181.17    | 0.43%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority                                                             | CUSIP: 45470CAE9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     35000 | PA      | $34020.67     | 0.03%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | Mida Mountain Village Public Infrastructure District                                  | CUSIP: 59561UAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1374023.40   | 1.17%             | 2054-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Public Finance Authority                                          | Virgin Islands Public Finance Authority                                               | CUSIP: 927676SE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210496.06    | 0.18%             | 2042-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority                                   | CUSIP: 97712JDT7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    450000 | PA      | $269756.37    | 0.23%             | 2056-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency                                              | CUSIP: 57584XWT4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    130000 | PA      | $121822.57    | 0.10%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority                                              | CUSIP: 63608TAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1705908.50   | 1.46%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority                                                | CUSIP: 13048VLA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $211739.25    | 0.18%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | Florida Development Finance Corp.                                                     | CUSIP: 34061UGR3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    215000 | PA      | $175623.07    | 0.15%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Council Rock School District                                                     | Council Rock School District                                                          | CUSIP: 222263YM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $70008.37     | 0.06%             | 2033-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri                    | CUSIP: 60635H4C0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    500000 | PA      | $468009.45    | 0.40%             | 2054-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia                                                                  | CUSIP: 254840EE7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1446735.50   | 1.24%             | 2049-06-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority                                                            | CUSIP: 45204FHJ7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $88739.35     | 0.08%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                                          | Dayton-Montgomery County Port Authority                                               | CUSIP: 23981MBF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $503824.27    | 0.43%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Oak Lawn IL                                                           | Village of Oak Lawn                                                                   | CUSIP: 671409A67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $289412.63    | 0.25%             | 2026-12-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | New Hope Cultural Education Facilities Finance Corp.                                  | CUSIP: 64542UFA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $373635.95    | 0.32%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks                                                                   | CUSIP: 38546WEP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $374884.63    | 0.32%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Carlton MN                                                             | County of Carlton                                                                     | CUSIP: 142879JQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20053.12     | 0.02%             | 2027-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Northeastern Illinois University                                                 | Northeastern Illinois University                                                      | CUSIP: 66442RCY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $364477.72    | 0.31%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Township of Antioch IL                                                           | Township of Antioch                                                                   | CUSIP: 037166BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98727.59     | 0.08%             | 2049-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority                                              | CUSIP: 04052BTH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $859740.93    | 0.74%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Blair NE Water System Revenue                                            | City of Blair Water System Revenue                                                    | CUSIP: 093030GM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000225.60   | 0.86%             | 2027-05-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority                                | CUSIP: 13080SVN1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     45000 | PA      | $43368.75     | 0.04%             | 2058-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | Allentown Neighborhood Improvement Zone Development Authority                         | CUSIP: 018444CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957770.80    | 0.82%             | 2042-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | Idaho Housing & Finance Association                                                   | CUSIP: 45129GEC5<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    315000 | PA      | $305184.19    | 0.26%             | 2035-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority                                           | CUSIP: 93978HVT9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    230000 | PA      | $198239.78    | 0.17%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                     | Warren County Port Authority                                                          | CUSIP: 935163CL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1662839.49   | 1.42%             | 2056-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority                           | CUSIP: 20774YK55<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |     25000 | PA      | $21157.25     | 0.02%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 74442EGU8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    110000 | PA      | $83656.55     | 0.07%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Development Authority                                              | DeKalb County Development Authority                                                   | CUSIP: 240463KC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $272842.68    | 0.23%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority                                   | CUSIP: 97712JDQ3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    100000 | PA      | $84433.15     | 0.07%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Van Alstyne Economic Development Corp                                            | Van Alstyne Economic Development Corp.                                                | CUSIP: 920495AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $228559.42    | 0.20%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                                | Atlanta Development Authority                                                         | CUSIP: 04780NMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $748115.78    | 0.64%             | 2039-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WILDFLOWER IMPROV ASSN                                                           | Wildflower Improvement Association                                                    | CUSIP: 96812GAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125333 | PA      | $122540.30    | 0.10%             | 2031-03-01      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| Berks County Industrial Development Authority                                    | Berks County Industrial Development Authority                                         | CUSIP: 08452RAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125269.85    | 0.11%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lake FL                                                                | County of Lake                                                                        | CUSIP: 50825CAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $704966.55    | 0.60%             | 2039-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency                                              | CUSIP: 57584YAG4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     25000 | PA      | $21016.57     | 0.02%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No 1                                                 | Verve Metropolitan District No. 1                                                     | CUSIP: 92538YAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002617.40   | 0.86%             | 2052-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Pinellas County Educational Facilities Authority                                 | Pinellas County Educational Facilities Authority                                      | CUSIP: 72316AAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $798647.40    | 0.68%             | 2056-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verandah Municipal Utility District                                              | Verandah Municipal Utility District                                                   | CUSIP: 92336LNR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $207941.78    | 0.18%             | 2027-09-01      | Fixed         | 99.00%                | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks                                                                   | CUSIP: 38546WCR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25036.29     | 0.02%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Water & Power Authority - Electric System                         | Virgin Islands Water & Power Authority - Electric System                              | CUSIP: 927688FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63256.88     | 0.05%             | 2035-07-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                | City of Horace                                                                        | CUSIP: 440365JP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $698732.25    | 0.60%             | 2050-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brighton Crossing Metropolitan District No 6                                     | Brighton Crossing Metropolitan District No. 6                                         | CUSIP: 10933PAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $522709.16    | 0.45%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | Miami-Dade County Expressway Authority                                                | CUSIP: 59334KJQ2<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25013.40     | 0.02%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                     | Warren County Port Authority                                                          | CUSIP: 93516RAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $744213.68    | 0.64%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority                                                            | CUSIP: 45204EBC1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25307.45     | 0.02%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Apple Valley MN                                                          | City of Apple Valley                                                                  | CUSIP: 03800RBL9<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $955769.70    | 0.82%             | 2065-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| City of Woodbury MN                                                              | City of Woodbury                                                                      | CUSIP: 979134AV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $219042.05    | 0.19%             | 2056-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Charter School Finance Authority                                            | Utah Charter School Finance Authority                                                 | CUSIP: 91754TTV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $20365.30     | 0.02%             | 2047-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                      | California Enterprise Development Authority                                           | CUSIP: 13067RFL2<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500034.05    | 0.43%             | 2025-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| City of Pompano Beach FL                                                         | City of Pompano Beach                                                                 | CUSIP: 732203AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19340.84     | 0.02%             | 2030-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | Palm Beach County Health Facilities Authority                                         | CUSIP: 69651ABW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36165.65     | 0.03%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peak Metropolitan District No 1                                                  | Peak Metropolitan District No. 1                                                      | CUSIP: 704676AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $921295.36    | 0.79%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Vrain Lakes Metropolitan District No 4                                        | St. Vrain Lakes Metropolitan District No. 4                                           | CUSIP: 85237KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1348949.20   | 1.15%             | 2054-09-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Transit Metropolitan District No 2                                   | Clear Creek Transit Metropolitan District No. 2                                       | CUSIP: 184542AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $381549.00    | 0.33%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Panorama Improvement Zone                                                   | Lake Panorama Improvement Zone                                                        | CUSIP: 510438CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $111360.47    | 0.10%             | 2038-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | Palm Beach County Health Facilities Authority                                         | CUSIP: 69651ABP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133794.98    | 0.11%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                           | Tempe Industrial Development Authority                                                | CUSIP: 87972MBD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $173443.90    | 0.15%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                     | Warren County Port Authority                                                          | CUSIP: 935163BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $505564.92    | 0.43%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palisade Metropolitan District No 2                                              | Palisade Metropolitan District No. 2                                                  | CUSIP: 696392AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1388350.95   | 1.19%             | 2054-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority                                 | CUSIP: 70869PNK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1636206.00   | 1.40%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Brewster NY                                                           | Village of Brewster                                                                   | CUSIP: 107738FP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52815.48     | 0.05%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia                                                                  | CUSIP: 25483VVQ4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     25000 | PA      | $22887.52     | 0.02%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | Buckeye Tobacco Settlement Financing Authority                                        | CUSIP: 118217DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $1136809.70   | 0.97%             | 2057-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority                                | CUSIP: 13080SEV2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10004.97     | 0.01%             | 2034-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority                                   | CUSIP: 97712JJF1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    500000 | PA      | $494516.65    | 0.42%             | 2059-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago                                                                       | CUSIP: 167486MK2<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    135000 | PA      | $147965.00    | 0.13%             | 2040-01-01      | Fixed         | 7.52%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | Industrial Development Authority of the City of Phoenix Arizona                       | CUSIP: 71885FEM5<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    130000 | PA      | $130086.84    | 0.11%             | 2026-07-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Carson City NV                                                                   | Carson City                                                                           | CUSIP: 145810DT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $54740.83     | 0.05%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                           | Tempe Industrial Development Authority                                                | CUSIP: 87972MBE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $191730.24    | 0.16%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Kirby Pearland Management District                                         | Lower Kirby Pearland Management District                                              | CUSIP: 548173EY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $21129.67     | 0.02%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | Ohio Air Quality Development Authority                                                | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |     20000 | PA      | $19711.36     | 0.02%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                                                       | FIXED INC CLEARING CORP.REPO                                                          | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   7799496 | PA      | $7799496.39   | 6.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Verve Metropolitan District No 1                                                 | Verve Metropolitan District No. 1                                                     | CUSIP: 92538YAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $953496.16    | 0.82%             | 2054-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | Colorado Educational & Cultural Facilities Authority                                  | CUSIP: 19645UAS3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    300000 | PA      | $275875.35    | 0.24%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado International Center Metropolitan District No 14                        | Colorado International Center Metropolitan District No. 14                            | CUSIP: 196502AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $952587.80    | 0.81%             | 2046-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | Industrial Development Authority of the City of Phoenix Arizona                       | CUSIP: 71885FEK9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |     35000 | PA      | $34505.03     | 0.03%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gold Hill North Business Improvement District                                    | Gold Hill North Business Improvement District                                         | CUSIP: 38061PAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $461684.45    | 0.39%             | 2054-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks                                                                   | CUSIP: 38546WEN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60131.08     | 0.05%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority                                              | CUSIP: 04052BPZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73885.54     | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission                                           | CUSIP: 93978LGR1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1318684.95   | 1.13%             | 2063-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Yonkers Economic Development Corp                                                | Yonkers Economic Development Corp.                                                    | CUSIP: 98608MAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $188336.02    | 0.16%             | 2054-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                     | Warren County Port Authority                                                          | CUSIP: 935163CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $634637.04    | 0.54%             | 2056-12-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | Tarrant County Cultural Education Facilities Finance Corp.                            | CUSIP: 87638TJK0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    500000 | PA      | $465127.60    | 0.40%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 531                                  | Harris County Municipal Utility District No. 531                                      | CUSIP: 41426YFW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $22396.09     | 0.02%             | 2036-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Passaic County Improvement Authority/The                                         | Passaic County Improvement Authority                                                  | CUSIP: 70275QAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $301291.80    | 0.26%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transport Metropolitan District No 3                                             | Transport Metropolitan District No. 3                                                 | CUSIP: 89386FAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $455055.00    | 0.39%             | 2031-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority                                          | University of Kansas Hospital Authority                                               | CUSIP: 914367DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $293988.78    | 0.25%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 74442PL78<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $496331.30    | 0.42%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                       | Antelope Valley Community College District                                            | CUSIP: 03667PKJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $437463.63    | 0.37%             | 2038-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                                            | Cumberland County Municipal Authority                                                 | CUSIP: 230614PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $429570.75    | 0.37%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus-Franklin County Finance Authority                                       | Columbus-Franklin County Finance Authority                                            | CUSIP: 199097FC5<br>LEI: 549300NX3ODQN2ETOO82 | Long             | DBT              | MUN               | US        |    740000 | PA      | $634037.40    | 0.54%             | 2049-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 744396JZ6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937566.50    | 0.80%             | 2054-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                             | Mida Mountain Village Public Infrastructure District                                  | CUSIP: 59561UAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493274.15   | 1.28%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Peak Metropolitan District No 3                                                  | Peak Metropolitan District No. 3                                                      | CUSIP: 70467CAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $492829.05    | 0.42%             | 2052-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Glen Metropolitan District No 1                                                  | Glen Metropolitan District No. 1                                                      | CUSIP: 377675AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $111204.95    | 0.10%             | 2030-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Lagrange                                                | Development Authority of Lagrange                                                     | CUSIP: 503152DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2156030.20   | 1.84%             | 2052-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | Florida Development Finance Corp.                                                     | CUSIP: 34061UFF0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    830000 | PA      | $743781.09    | 0.64%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Renville MN                                                            | County of Renville                                                                    | CUSIP: 760184GX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25680.81     | 0.02%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks                                                                   | CUSIP: 38546WDN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $38343.46     | 0.03%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | Palm Beach County Health Facilities Authority                                         | CUSIP: 69650MAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49067.05     | 0.04%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency                                              | CUSIP: 57584YRG6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    325000 | PA      | $303152.85    | 0.26%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government                                  | Wyandotte County-Kansas City Unified Government                                       | CUSIP: 98267LAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91392.00     | 0.08%             | 2027-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Town of Bridgeville DE                                                           | Town of Bridgeville                                                                   | CUSIP: 108588AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $730794.27    | 0.62%             | 2053-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority                                              | CUSIP: 04052BQK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $81041.30     | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Tobacco Settlement Finance Authority                                    | Michigan Tobacco Settlement Finance Authority                                         | CUSIP: 594751AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17500000 | PA      | $457467.50    | 0.39%             | 2058-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks                                                                   | CUSIP: 38546WCT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $322423.77    | 0.28%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency                                              | CUSIP: 57584Y4S5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     25000 | PA      | $24289.04     | 0.02%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                    | Delaware State Economic Development Authority                                         | CUSIP: 246371AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1439187.60   | 1.23%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority | CUSIP: 54628CRM6<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $946581.17    | 0.81%             | 2045-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | North Carolina Medical Care Commission                                                | CUSIP: 65821DVM0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25270.66     | 0.02%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | New Hope Cultural Education Facilities Finance Corp.                                  | CUSIP: 64542UEX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $237608.64    | 0.20%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | Florida Housing Finance Corp.                                                         | CUSIP: 34074MWM9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    255000 | PA      | $211117.94    | 0.18%             | 2033-01-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 74446FAD5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $483047.45    | 0.41%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lake FL                                                                | County of Lake                                                                        | CUSIP: 50825CAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $602161.58    | 0.51%             | 2054-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | California Infrastructure & Economic Development Bank                                 | CUSIP: 13034AQ86<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    130000 | PA      | $107484.44    | 0.09%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Norwood OH                                                               | City of Norwood                                                                       | CUSIP: 669681AC2<br>LEI: 5493000KZUQ48Z2VEE89 | Long             | DBT              | MUN               | US        |    500000 | PA      | $484428.30    | 0.41%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verandah Municipal Utility District                                              | Verandah Municipal Utility District                                                   | CUSIP: 92336LNS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $232593.78    | 0.20%             | 2028-09-01      | Fixed         | 75.00%                | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 744396JG8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    520000 | PA      | $532313.39    | 0.46%             | 2058-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 744396JE3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    230000 | PA      | $234738.69    | 0.20%             | 2043-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| City of Trenton MI                                                               | City of Trenton                                                                       | CUSIP: 895011DH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402778.32    | 0.34%             | 2045-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago                                                                       | CUSIP: 167486W54<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080921.50   | 0.92%             | 2043-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                               | Denver Health & Hospital Authority                                                    | CUSIP: 24918EDA5<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40062.14     | 0.03%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks                                                                   | CUSIP: 38546WDS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $19274.78     | 0.02%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chesapeake VA Chesapeake Expressway Toll Road Revenue                    | City of Chesapeake Chesapeake Expressway Toll Road Revenue                            | CUSIP: 16532RAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15489.33     | 0.01%             | 2032-07-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 165                                  | Harris County Municipal Utility District No. 165                                      | CUSIP: 414962YY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $44770.22     | 0.04%             | 2034-03-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | Florida Housing Finance Corp.                                                         | CUSIP: 34074MUF6<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |     75000 | PA      | $66599.89     | 0.06%             | 2032-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia                                                                  | CUSIP: 25483VVP6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    215000 | PA      | $200450.71    | 0.17%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency                                              | CUSIP: 57584XWQ0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101010.24    | 0.09%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois                                                                     | CUSIP: 452152BM2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     19231 | PA      | $20203.09     | 0.02%             | 2035-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Canyons Metropolitan District No 5                                               | Canyons Metropolitan District No. 5                                                   | CUSIP: 139071AZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986928.40    | 0.84%             | 2054-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Brookhaven Local Development Corp                                                | Brookhaven Local Development Corp.                                                    | CUSIP: 113168AV0<br>LEI: 549300384JET720NAQ98 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30625.93     | 0.03%             | 2029-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                          | Build NYC Resource Corp.                                                              | CUSIP: 12008ERT5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    350000 | PA      | $251227.31    | 0.21%             | 2056-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | Knox County Health Educational & Housing Facility Board                               | CUSIP: 499526AT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1035410.06   | 0.89%             | 2059-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority                                    | CUSIP: 837033KQ1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    235000 | PA      | $235274.41    | 0.20%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oneida Indian Nation of New York                                                 | Oneida Indian Nation of New York                                                      | CUSIP: 682504AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $757700.98    | 0.65%             | 2043-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | Palm Beach County Health Facilities Authority                                         | CUSIP: 69651ABR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107851.98    | 0.09%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority                                             | CUSIP: 645912ED4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    760000 | PA      | $697135.38    | 0.60%             | 2052-09-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| City of Ithaca NY                                                                | City of Ithaca                                                                        | CUSIP: 465650E70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $22471.26     | 0.02%             | 2034-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                    | Delaware State Economic Development Authority                                         | CUSIP: 246387RS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $526138.14    | 0.45%             | 2046-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Guin AL                                                                  | City of Guin                                                                          | CUSIP: 402028KF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $287564.12    | 0.25%             | 2035-06-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | State of Nevada Department of Business & Industry                                     | CUSIP: 641455AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $433838.70    | 0.37%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| DeKalb County Development Authority                                              | DeKalb County Development Authority                                                   | CUSIP: 240463KD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $579618.46    | 0.50%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | Palm Beach County Health Facilities Authority                                         | CUSIP: 69650MAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101086.29    | 0.09%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | Idaho Housing & Finance Association                                                   | CUSIP: 45129GDG7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1108880.93   | 0.95%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | Montgomery County Industrial Development Authority                                    | CUSIP: 61360PCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100618.93    | 0.09%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois                                                                     | CUSIP: 452152GS4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     14286 | PA      | $15454.15     | 0.01%             | 2035-07-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority                                                | CUSIP: 13048VS82<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    850000 | PA      | $757955.46    | 0.65%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission                                           | CUSIP: 93978LHW9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    500000 | PA      | $493066.85    | 0.42%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aerotropolis Regional Transportation Authority                                   | Aerotropolis Regional Transportation Authority                                        | CUSIP: 008051AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967256.10    | 0.83%             | 2054-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development Corp                           | Buffalo & Erie County Industrial Land Development Corp.                               | CUSIP: 11943KDD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $169424.48    | 0.14%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency                                              | CUSIP: 57584XKA8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     15000 | PA      | $13199.03     | 0.01%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Ithaca NY                                                                | City of Ithaca                                                                        | CUSIP: 465650WJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $13575.74     | 0.01%             | 2045-02-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | New Jersey Health Care Facilities Financing Authority                                 | CUSIP: 64579F7P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $176044.34    | 0.15%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| James City County Economic Development Authority                                 | James City County Economic Development Authority                                      | CUSIP: 47029WEG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1565524.65   | 1.34%             | 2058-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | Chicago Board of Education                                                            | CUSIP: 167505PM2<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    410000 | PA      | $396424.70    | 0.34%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | North Carolina Medical Care Commission                                                | CUSIP: 65821DVL2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |     25000 | PA      | $21427.93     | 0.02%             | 2036-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority                                   | CUSIP: 97712JDS9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    750000 | PA      | $468315.08    | 0.40%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | Oklahoma Development Finance Authority                                                | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |     50000 | PA      | $47033.76     | 0.04%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | Capital Projects Finance Authority                                                    | CUSIP: 14043FAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $446183.43    | 0.38%             | 2059-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority                                           | Tempe Industrial Development Authority                                                | CUSIP: 87972MBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $22455.28     | 0.02%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Development Authority                                              | DeKalb County Development Authority                                                   | CUSIP: 240463KA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $221662.40    | 0.19%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                                               | Essex County Improvement Authority                                                    | CUSIP: 29680PEF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $225000.00    | 0.19%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware County Educational Facilities Authority                                 | Delaware County Educational Facilities Authority                                      | CUSIP: 24588QBL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $117291.89    | 0.10%             | 2036-09-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | New Hope Cultural Education Facilities Finance Corp.                                  | CUSIP: 64542UDX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $452795.90    | 0.39%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                                            | Cumberland County Municipal Authority                                                 | CUSIP: 230614SR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19542.13     | 0.02%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks                                                                   | CUSIP: 38546WDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $101000.13    | 0.09%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 74442PWN1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1112864.25   | 0.95%             | 2051-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DeKalb County Development Authority                                              | DeKalb County Development Authority                                                   | CUSIP: 240463KB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $290761.83    | 0.25%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mirabelle Metropolitan District No 2                                             | Mirabelle Metropolitan District No. 2                                                 | CUSIP: 60458HAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476488.00    | 0.41%             | 2049-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| City of Apple Valley MN                                                          | City of Apple Valley                                                                  | CUSIP: 03800RBK1<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    600000 | PA      | $573323.76    | 0.49%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority                                                              | CUSIP: 744396JF0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510122.75    | 0.44%             | 2053-07-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority                             | CUSIP: 574218T37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $124453.81    | 0.11%             | 2046-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | Florida Development Finance Corp.                                                     | CUSIP: 34061UJZ2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15437.90     | 0.01%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri                    | CUSIP: 60635H2Q1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102785.74    | 0.09%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | Florida Development Finance Corp.                                                     | CUSIP: 34061WAN4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    390000 | PA      | $375522.46    | 0.32%             | 2040-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority                                                | CUSIP: 13048VXH6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     25000 | PA      | $20629.16     | 0.02%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rowlett TX                                                               | City of Rowlett                                                                       | CUSIP: 779719AL7<br>LEI: 549300XN25SMDVQJM820 | Long             | DBT              | MUN               | US        |    514000 | PA      | $405752.32    | 0.35%             | 2051-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Warren County Port Authority                                                     | Warren County Port Authority                                                          | CUSIP: 935163BB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $498794.42    | 0.43%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Jacksonville Public Educational Building Authority                               | Jacksonville Public Educational Building Authority                                    | CUSIP: 469480BU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $176481.43    | 0.15%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pinellas County Educational Facilities Authority                                 | Pinellas County Educational Facilities Authority                                      | CUSIP: 72316AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $363631.20    | 0.31%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                               | Denver Health & Hospital Authority                                                    | CUSIP: 24918EEH9<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |     25000 | PA      | $23180.00     | 0.02%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | Capital Trust Agency, Inc.                                                            | CUSIP: 14052WDT1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    450000 | PA      | $366874.43    | 0.31%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks                                                                   | CUSIP: 38546WDJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1030295.48   | 0.88%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | County of Hamilton                                                                    | CUSIP: 40727RCJ5<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035769.90   | 0.89%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority                                | CUSIP: 13080SEW0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    105000 | PA      | $101054.97    | 0.09%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Westerly Metropolitan District No 4                                              | Westerly Metropolitan District No. 4                                                  | CUSIP: 957568AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $659742.51    | 0.56%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | Florida Development Finance Corp.                                                     | CUSIP: 340618DY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    750000 | PA      | $450000.00    | 0.38%             | 2059-07-15      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | California Infrastructure & Economic Development Bank                                 | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3566579.20   | 3.05%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                         | California Statewide Financing Authority                                              | CUSIP: 130923AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30647.51     | 0.03%             | 2037-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | Florida Development Finance Corp.                                                     | CUSIP: 340618DZ7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    750000 | PA      | $637501.73    | 0.55%             | 2057-07-01      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                    | Lancaster Municipal Authority                                                         | CUSIP: 514350AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $96063.59     | 0.08%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                                            | Cumberland County Municipal Authority                                                 | CUSIP: 230614TJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9547.52      | 0.01%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Aubrey TX                                                                | City of Aubrey                                                                        | CUSIP: 050197BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $54976.96     | 0.05%             | 2045-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | California Public Finance Authority                                                   | CUSIP: 13057HAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $199007.55    | 0.17%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | Parish of St. James                                                                   | CUSIP: 790103AV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535593.00    | 0.46%             | 2040-07-01      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority                                      | CUSIP: 56681NAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $108101.79    | 0.09%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | Idaho Housing & Finance Association                                                   | CUSIP: 45129GDF9<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    590000 | PA      | $582634.03    | 0.50%             | 2049-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Denver International Business Center Metropolitan District No 1                  | Denver International Business Center Metropolitan District No. 1                      | CUSIP: 249197BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500411.80    | 0.43%             | 2048-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                           | County of Baltimore                                                                   | CUSIP: 059151DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15001.72     | 0.01%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks                                                                   | CUSIP: 38546WDG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $99207.55     | 0.08%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | North Carolina Medical Care Commission                                                | CUSIP: 65821DVP3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    800000 | PA      | $803049.44    | 0.69%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | Florida Development Finance Corp.                                                     | CUSIP: 34061UFE3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    700000 | PA      | $675629.36    | 0.58%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority                                   | CUSIP: 97712JJX2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    945000 | PA      | $942321.11    | 0.81%             | 2059-10-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                      | New York City Industrial Development Agency                                           | CUSIP: 64971PFC4<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |     20000 | PA      | $19874.65     | 0.02%             | 2027-03-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | Ohio Air Quality Development Authority                                                | CUSIP: 677525WD5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    145000 | PA      | $144078.15    | 0.12%             | 2026-02-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fiddlers Business Improvement District                                           | Fiddlers Business Improvement District                                                | CUSIP: 315730AX9<br>LEI: 549300WOAV7DR3N7QL76 | Long             | DBT              | MUN               | US        |    400000 | PA      | $393455.32    | 0.34%             | 2047-12-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                             | City of Cleveland                                                                     | CUSIP: 186347AC4<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20011.58     | 0.02%             | 2027-09-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Lafferty Canyon Metropolitan District                                            | Lafferty Canyon Metropolitan District                                                 | CUSIP: 50682FAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1412735.55   | 1.21%             | 2055-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority                                                            | CUSIP: 45204EBA5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25375.39     | 0.02%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chilton County Health Care Authority                                             | Chilton County Health Care Authority                                                  | CUSIP: 169309AU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $26097.61     | 0.02%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verandah Municipal Utility District                                              | Verandah Municipal Utility District                                                   | CUSIP: 92336LNQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $125869.21    | 0.11%             | 2026-09-01      | Fixed         | 99.00%                | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia                                                                  | CUSIP: 25483VTE4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    400000 | PA      | $375964.80    | 0.32%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission                                           | CUSIP: 93978LHX7<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    340000 | PA      | $289350.81    | 0.25%             | 2055-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Olympia Public Infrastructure District No 1                                      | Olympia Public Infrastructure District No. 1                                          | CUSIP: 681483AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994872.90    | 0.85%             | 2055-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority                                   | CUSIP: 97712JDR1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    535000 | PA      | $382890.14    | 0.33%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | Montgomery County Industrial Development Authority                                    | CUSIP: 613609L20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $128982.60    | 0.11%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alabama State University                                                         | Alabama State University                                                              | CUSIP: 010632PY7<br>LEI: 549300JCR3DWTI08FS98 | Long             | DBT              | MUN               | US        |    970000 | PA      | $979475.06    | 0.84%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Guin AL                                                                  | City of Guin                                                                          | CUSIP: 402028KD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150554.24    | 0.13%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** TRANSAMERICA FUNDS

**Signature:** Joshua Durham

**Name of Signer:** Joshua Durham

**Title:** Chief Operating Officer and Interim Treasurer